The Good Acre FY2022 filing

Tax-deductible

Saint Paul, MN501(c)(3)Food & AgricultureEIN 47-1663334

We connect and strengthen farmers, food makers, and communities through good food.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$98K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
1 of 4
years in the black
Concern: 3 of the last 4 filings show a deficit.
Pt I · Ln 19 · 4 filings
How much reaches the programs?
70%
of spending
Worth a look: 70% of spending went to programs; under 75% is worth a look.
Pt IX · Ln 25 · col B
What are leaders paid?
$98K
to officers and key staff · 5% of spending
Looks good: leaders' pay is 5% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $10K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$232K
liabilities
Looks good: debts are 18% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
10
independent of 10 voting board members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$1.2M
-5% vs prior year
Spent
$2.1M
To programs
70%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.2M
FY2022▼ -5%
Revenue by fiscal year
FY2020$1.3M
FY2022$1.2M
FY2023$2.1M
FY2024$2.8M
Expenses
$2.1M
FY2022▲ +23%
Expenses by fiscal year
FY2020$1.7M
FY2022$2.1M
FY2023$2.3M
FY2024$2.6M
Net assets
$1.0M
FY2022▼ -20%
Net assets by fiscal year
FY2020$1.3M
FY2022$1.0M
FY2023$902K
FY2024$1.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CThe Good Acre
EINHdr · item D47-1663334
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSaint Paul, MN
NTEE classificationIRS BMFFood & Agriculture (K99)
WebsiteHdr · item Jthegoodacre.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.19 Fundraising $0.11
Program services70%$1.5M
Management & general19%$388K
Fundraising11%$233K
Total functional expensesLn 25$2.1M

Financial health

Is it on solid ground?

Program efficiency
70%
of spending reaches programs
Operating runway
3.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-76%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$1.3M
FY2022▼ -23%
Total assets by fiscal year
FY2020$1.6M
FY2022$1.3M
FY2023$1.1M
FY2024$1.4M
Total liabilities
$232K
FY2022▼ -34%
Total liabilities by fiscal year
FY2020$355K
FY2022$232K
FY2023$221K
FY2024$234K
Revenue less expensesPt I · Ln 19−$894K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$576K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$232K
Total net assetsLn 32$1.0M
Months of cash on handcomputed3.3

Statement of Revenue

Part VIII
Contributions & grants$852K · 72%
Program service revenue$165K · 14%
Other revenue$165K · 14%
Contributions & grants72%$852K
Program service revenue14%$165K
Other revenue14%$165K
Investment income$1K
— government grantsLn 1e$518K
Total revenueLn 12$1.2M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $576K · Operating expenses/yr $2.1M
3.3 months
Where the money goes
Program services
Program services $1.5M · Total expenses $2.1M
70%
Management & General
Management & general $388K · Total expenses $2.1M
19%
Fundraising
Fundraising $233K · Total expenses $2.1M
11%
Cost to raise $1
Fundraising expense (2-yr avg) $224K · Solicited contributions (2-yr avg) $438K
$0.51 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $852K · Total revenue $1.2M
72%
Government reliance
Government grants $518K · Total revenue $1.2M
44%
Earned-income share
Program service revenue $165K · Total revenue $1.2M
14%
Investment reliance
Investment income $1K · Total revenue $1.2M
+0.09%
Program self-sufficiency
Program service revenue $165K · Total expenses $2.1M
8%
Growth & trend
Revenue growth (YoY)
This year $1.2M · Prior year $1.3M
-5%
Net-asset trend (YoY)
End of year $1.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.2M · Expenses $2.1M
-76%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
—
Net-asset ratio
Net assets $1.0M · Total assets $1.3M
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Theresa McCormick · Reported title EXECUTIVE DI · Highest reported compensation $98K · Total expenses $2.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $2.1M
52%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%——
Overhead ratio 19%——
Fundraising cost ratio 27%——
Revenue growth -5%——
Legal fee ratio 0.2%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$98,045Pt VII · Sec A
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Theresa McCormick’s $146K as Executive Di is at the 81st 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
Theresa McCormick$146,174$120,489$98,045—
Rhys Williams———$69,951

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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Governance & Policies

Part VI
  • 10Voting board membersPt VI · Ln 1a
  • 10Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Connects and strengthens farmers, food makers, and communities through good food.

Provided by the organization

This section is blank until The Good Acre claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $1.5M of program spending, described in the organization's own filed words · FY2022.
01

Our grower support program connected with 132 farmers across all programming. We continued leaff for the third year, supporting 65 farms and donating more than 180,000 pounds of locally grown produce to hunger relief organizations.

$514Kprogram expense
02

87% of the produce sourced through our market access program was from bipoc farmers, considerably enhancing economic opportunity for emerging farmers. We purchased more than 5,000 in produce from 57 farms and 10,000 or more from 65 farms.

$507Kprogram expense
03

Our shared use kitchen was rented to 22 small business owners and entrepreneurs. We graduated two cohorts of 19 students through vocul, a culinary education and workforce development program focused on scratch cooking and using locally grown produce.

$435Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 8 grants · $1.3M · 2020–2024
Unitemized GrantFY2024$490,713
Unitemized GrantFY2023$363,822
Unitemized GrantFY2022$313,891
Unitemized GrantFY2022$122,269
Hmong American PartnershipMN · FY2020$44,500
Unitemized GrantFY2020$5,043
Unitemized GrantFY2020$3,213
Unitemized GrantFY2020$1,744

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.8M$2.6M+31% 990 PDF
FY2023 $2.1M$2.3M+81% 990 PDF
FY2022 Viewing $1.2M$2.1M-5% 990 PDF
FY2021 Not on file
FY2020 $1.3M$1.7M 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

Full filing: Form 990 for FY2022

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $2,077,020 across 18 lines filed
IX-2 Grants to domestic individualsPrograms $436,160$436,160
IX-5 Pay of current officers, directors and key staffManagement $60,592 · Fundraising $40,395$100,987
IX-7 Other salaries and wagesPrograms $579,202 · Management $117,624 · Fundraising $93,267$790,093
IX-9 Other employee benefitsPrograms $84,250 · Management $25,923 · Fundraising $19,442$129,615
IX-10 Payroll taxesPrograms $40,845 · Management $12,568 · Fundraising $9,426$62,839
IX-11b Legal feesManagement $3,570$3,570
IX-11c Accounting feesManagement $63,318$63,318
IX-11g Other fees for servicesPrograms $92,383 · Management $25,253 · Fundraising $12,627$130,263
IX-12 Advertising and promotionPrograms $11,163 · Management $1,080 · Fundraising $5,761$18,004
IX-13 Office expensesPrograms $8,703 · Management $26,251 · Fundraising $2,176$37,130
IX-14 Information technologyPrograms $17,710 · Management $5,209 · Fundraising $3,125$26,044
IX-16 OccupancyPrograms $67,933 · Management $20,902 · Fundraising $15,677$104,512
IX-17 TravelPrograms $4,525 · Management $341$4,866
IX-19 Conferences, conventions and meetingsPrograms $5,278$5,278
IX-20 InterestManagement $1,825$1,825
IX-22 Depreciation, depletion and amortizationPrograms $28,126 · Management $3,014 · Fundraising $2,344$33,484
IX-23 InsurancePrograms $12,135 · Management $3,441 · Fundraising $2,536$18,112
IX-24 Other expenses (24a–d)Programs $67,508 · Management $16,876 · Fundraising $26,536$110,920
IX-25 Total functional expensesPrograms $1,455,921 · Management $387,787 · Fundraising $233,312$2,077,020

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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