Red Tomato EIN 04-3375151 Form 990 (PDF) Claim this org

Red Tomato FY2023 filing

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Connects consumers with fresh, high-quality family farm produce through market development. For fiscal year 2023 it reported $782K in revenue, $945K in expenses, and $747K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Providence, RI
Website
www.redtomato.org
Filings
5 on file (2020–2023)
Revenue
$782KFY2023
Expenses
$945K
Net assets
$747K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3375151 Public charity (501(c)(3)) Providence, RI
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Connects consumers with fresh, high-quality family farm produce through market development.
Leadership
Luis Angel Mendez · Executive Director · $103K
Money in and out
$782K revenue, $945K expenses
Bottom line
84% program efficiency
Where the money goes · FY2023
Total revenue
$782K
Pt VIII · Ln 12
Total expenses
$945K
Pt IX · Ln 25
Net assets
$747K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$163K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program efficiency
84%
of spending reaches programs
Operating runway
6.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$782K
FY2023▼ -29%
Expenses
$945K
FY2023▲ +2%
Total assets
$1.0M
FY2023▼ -16%
Total liabilities
$267K
FY2023▼ -9%
Total revenue
$782K
Pt VIII · Ln 12
Total expenses
$945K
Pt IX · Ln 25
Net assets
$747K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$163K
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRed Tomato
EINHdr · item D04-3375151
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.redtomato.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJan 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$103,159Pt VII · Sec A
Director/Clerk
$61,793Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Luis Angel Mendez’s $105K as Executive Director is at the 85th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Luis Angel Mendez$104,824$103,159$93,478$96,633$97,228
Marsha Minor$20,213$61,793$54,201

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $795K of program spending, described in the organization's own filed words · FY2023.
01

The organization educates industry food buyers about the benefits of locally-grown, ecologically-grown and family farm produce in order to increase the demand of locally grown fresh fruits and vegetables. Assistance is provided to local farmers in distributing their produce to meet those demands and markets.

$795Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$396K · 51%
Program service revenue$385K · 49%
Contributions & grants51%$396K
Program service revenue49%$385K
Investment income$1K
— government grantsLn 1e$204K
Total revenueLn 12$782K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program services84%$795K
Management & general10%$90K
Fundraising6%$60K
Total functional expensesLn 25$945K

Balance Sheet

Part X · end of year
CashLn 1$402K
Total assetsLn 16$1.0M
Total liabilitiesLn 26$267K
Total net assetsLn 32$747K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $479K · Operating expenses/yr $945K
6.1 months
Where the money goes
Program services
Program services $795K · Total expenses $945K
84%
Management & General
Management & general $90K · Total expenses $945K
10%
Fundraising
Fundraising $60K · Total expenses $945K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $329K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $396K · Total revenue $782K
51%
Government reliance
Government grants $204K · Total revenue $782K
26%
Earned-income share
Program service revenue $385K · Total revenue $782K
49%
Investment reliance
Investment income $1K · Total revenue $782K
+0.2%
Program self-sufficiency
Program service revenue $385K · Total expenses $945K
41%
Growth & trend
Revenue growth (YoY)
This year $782K · Prior year $1.1M
-29%
Net-asset trend (YoY)
End of year $747K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $782K · Expenses $945K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
Net-asset ratio
Net assets $747K · Total assets $1.0M
74%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $77K · Total assets (Pt X, ln 16) $1.0M
8%
People & payroll
Highest Reported Total Compensation
Individual Luis Angel Mendez · Reported title Executive Director · Highest reported compensation $103K · Total expenses $945K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $585K · Total expenses $945K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 10%
Fundraising cost ratio 15%
Revenue growth -29%
Legal fee ratio 0.02%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 9 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$935K revenue · ⤓ 990 PDF
FY2023$782K revenue · viewing · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$879K revenue · ⤓ 990 PDF
FY2020$810K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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