Pybus Public Market FY2023 filing

Not tax-deductible

Wenatchee, WA501(c)(5)Food & AgricultureEIN 45-5388721Revenue $947K in FY2023

On file with the IRSpybuspublicmarket.org3 N Worthen St, 98801-3095 · Wenatchee, WATax-exempt since Oct 2014

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To operate a gathering point and marketplace for farmers, gardeners, local agriculture programs, and restaurants serving locally harvested foods in order to educate, demonstrate the use of locally grown food, support local farmers, and provide locally grown goods to the community of north central washington.

95¢ of each $1 spent went to programs.
$64K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $8K a year · 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$209K
49% of total assets
Looks good: liabilities are 49% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 19 voting members
Looks good: 17 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$947K
+12% vs prior year
Spent
$875K
To programs
95%
Net assets
$219K
By yearFY2020–FY2024
Revenue
$947K
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$391K
FY2021$513K
FY2022$846K
FY2023$947K
FY2024$1.1M
Expenses
$875K
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$587K
FY2021$528K
FY2022$746K
FY2023$875K
FY2024$1.0M
Net assets
$219K
FY2023▲ +52%
Tap a bar for its year
Net assets by fiscal year
FY2020$59K
FY2021$44K
FY2022$144K
FY2023$219K
FY2024$311K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $833K Management & general 5% · $42K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990; $64K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gm/Executive Director
$64,100Pt VII · Sec A
Director, President
$0Pt VII · Sec A
Director, VP
$0Pt VII · Sec A
Director, Treasurer
$0Pt VII · Sec A
Director, Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Travis Hornby’s $67K as Gm/Executive Director is at the 21st percentile of top reported officer pay among 818 $1–10M food & agriculture 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

NameFY2024FY2023FY2022FY2020
Leslie Freytag———$76,500
Travis Hornby$66,503$64,100$42,986—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects local farmers and restaurants to sell and showcase community-grown food.

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Provided by the organization

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1 program · $833K · in their own filed words · FY2023
01

The organization rents booths and spaces to various programs and vendors involved in the local agricultural community and encourages local farmers, gardeners, and agricultural teachers to make use of its land and facilities in order to promote and support local agricultural programs.

$833Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $285K · 2020–2024

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$947K
Ln 12
Fees for servicesLn 2g$819K
Gifts and grantsLn 1h$111K
Other incomeLn 4–11$14K
Money outPt IX
$875K
Ln 25
Programscol B$833K
Managementcol C$42K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$352K
Total assetsLn 16$427K
LiabilitiesLn 26$209K
PeoplePt VI, VII
20
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$111K
Fees for servicesLn 2g$819K
Investment incomeLn 3$4K
Other incomeLn 4–11$14K
Total revenueLn 12$947K
Assets in detailPt X, end of year
CashLn 1$352K
Cash and savings togetherLn 1–2$352K
Land, buildings, equipmentLn 10c$39K
Total assetsLn 16$427K
LiabilitiesLn 26$209K
Net assetsLn 32$219K
OperationsPt I, VI
EmployeesI 512
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$241K$352K
Land, buildings, equipmentLn 10c$37K$39K
Total assetsLn 16$361K$427K
LiabilitiesLn 26$217K$209K
Net assetsLn 32$144K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$76K$76K
Pay of current officers, directors and key staffLn 5$64K$64K
Other salaries and wagesLn 7$226K$226K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$24K$24K
Legal feesLn 11b$152$152
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$27K$27K
Office expensesLn 13$13K$13K
Information technologyLn 14$14K$14K
OccupancyLn 16$141K$141K
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$239K$239K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$875K$833K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.0M$81K$311K 990 PDF
FY2023 Viewing $947K$875K$73K$219K 990 PDF
FY2022 $846K$746K$99K$144K 990 PDF
FY2021 $513K$528K−$15K$44K 990 PDF
FY2020 $391K$587K−$196K$59K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $947,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $85,250$110,698
I-9 Program service revenuePrior year $748,896$818,682
I-10 Investment incomePrior year $1,179$4,146
I-11 Other revenuePrior year $10,320$13,784
I-12 Total revenuePrior year $845,645$947,310
I-13 Grants and similar amounts paidPrior year $0$76,400
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $272,952$327,613
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $473,300$470,642
I-18 Total expensesPrior year $746,252$874,655
I-19 Revenue less expensesPrior year $99,393$72,655
Part VI · Governance 17 of 19 board members independent, 2 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $947,310 across 6 lines filed
Lines not itemized here account for $5,331 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$110,698
VIII-1h Total contributions, gifts and grants$110,698
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $818,682$818,682
VIII-3 Investment incomeExcluded from tax $4,146$4,146
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,453$8,453
VIII-12 Total revenueRelated to mission $832,466 · Unrelated business $0 · Excluded from tax $4,146$947,310
Part IX · Statement of functional expenses $874,655 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $76,400$76,400
IX-5 Pay of current officers, directors and key staffPrograms $64,100$64,100
IX-7 Other salaries and wagesPrograms $226,449$226,449
IX-8 Pension plan contributionsPrograms $6,156$6,156
IX-9 Other employee benefitsPrograms $6,931$6,931
IX-10 Payroll taxesPrograms $23,977$23,977
IX-11b Legal feesManagement $152$152
IX-11c Accounting feesManagement $2,500$2,500
IX-12 Advertising and promotionPrograms $27,391$27,391
IX-13 Office expensesPrograms $13,155$13,155
IX-14 Information technologyManagement $14,310$14,310
IX-16 OccupancyPrograms $141,241$141,241
IX-17 TravelManagement $4,356$4,356
IX-22 Depreciation, depletion and amortizationPrograms $7,962$7,962
IX-23 InsuranceManagement $6,756$6,756
IX-24 Other expenses (24a–d)Programs $239,364$239,364
IX-24e All other expensesManagement $13,455$13,455
IX-25 Total functional expensesPrograms $833,126 · Management $41,529 · Fundraising $0$874,655
Part X · Balance sheet $427,314 assets, 11 lines filed
Asset lines not itemized here account for $14,343; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $240,617$352,499
X-4 Accounts receivableStart of year $4,472$12,641
X-9 Prepaid expenses and deferred chargesStart of year $8,485$8,660
X-10c Land, buildings and equipment, netStart of year $37,141$39,171
X-16 Total assetsStart of year $360,610$427,314
X-17 Accounts payable and accrued expensesStart of year $76,227$77,071
X-19 Deferred revenueStart of year $131,397$122,184
X-25 Other liabilitiesStart of year $9,350$9,350
X-26 Total liabilitiesStart of year $216,974$208,605
X-32 Total net assets or fund balancesStart of year $143,636$218,709
X-33 Total liabilities and net assetsStart of year $360,610$427,314
Part XI · Reconciliation of net assets $218,709 net assets at year end
XI-1 Total revenue$947,310
XI-2 Total expenses$874,655
XI-3 Revenue less expenses$72,655
XI-4 Net assets at start of year$143,636
XI-8 Prior period adjustments$2,418
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$218,709

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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