Bellevue Farmers Market

Nonprofit profile at a glance

EIN
200867594
IRS 990-EZ coverage
2014–2024
Forms available
Form 990-EZ 2024
Location
Bellevue, WA, USA
Phone
4254548474
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Nutrition

Official website

Reported finances

Revenue
$157,946
Expenses
$118,447
Assets
$170,109
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • BARBARA HUGHES (PRESIDENT)

People named in this filing

  • BARBARA HUGHES (PRESIDENT)
  • PHYLLIS WHITE (SECRETARY)
  • LORETTA LOPEZ (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The bellevue farmers market supports small, local farms by providing a viable, vibrant marketplace for them to sell their farm-fresh products directly to consumers and providing a weekly event for urban residents that educates, nourishes, and fosters community.

What it reported doing in 2024

In 2024, bellevue farmers market (bfm) continued our legacy of creating a marketplace to connect farmers and small food businesses with our community members. We had 30,000 customer visits and over $900,000 spent and returned into the local economy. Produce at the market traveled an average of 75 miles from farm to bfm (compared to 1,500 miles for food at traditional retailers), thereby reducing customers' carbon footprints. Bfm plays an essential role in providing access to healthy, fresh produce to the entire community. In 2024, bfm dispensed over $11,800 of supplemental nutrition assistance program(snap)ebt benefits and market match dollars. Bfm, through a partnership with hopelink, gleaned 3,871 pounds of produce for distribution by the hopelink bellevue food bank.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75%; rating input score 75
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 25%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 1.44; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 42nd percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 34th percentile among comparable filings
  • Asset growth: 17% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 75% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $118K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.