Farm Share Inc

What it reported doing in 2024

Farm share, inc. (the "organization") is a non-profit organization and was incorporated under the laws of the state of Florida on july 8, 1992 as a 501c3 corporation that is tax-exempt under the provision of the internal revenue code. The organizations mission is to alleviate hunger and fight poverty by recovering and distributing healthy and nutritious fruits, vegetables, proteins and other non-perishable food to Florida families, children, seniors and individuals in need. Our goal is that no floridian goes hungry and no food goes to waste. Farm share recovers and distributes more than 100 million pounds of food annually throughout the state of Florida utilizing its network of nearly 2,000 partner agencies and fleet of semi-trucks and refrigerated box trucks. This is the equivalent of more than 83 million meals. Approximately 90% of farm shares food is distributed through its partner agency network. Farm share also holds more than 800 annual direct community food distribution events that focus on distributing healthy and nutritious food to food desert communities statewide. Farm share accomplishes all of this while managing to keep its administrative costs at less than 1% of the value of all donations received annually. In addition to the more than 100 million pounds of food that passes through its warehouses each year, farm share also helps generate on average more than 10 million pounds of non-perishable food products as a result of its partnership with the national association of letter carriers. Farm share helps to logistically plan, coordinate, market and promote this one day food drive that generates millions of pounds of food that is collected and distributed locally by partner agencies. Farm share is the statewide leader in acquiring and distributing healthy and nutritious fresh fruits and vegetables to persons in need. Thanks to our great relationships and partnerships with floridas farmers we are able to recover over 18 - 25 million pounds of fruits and vegetables each year that would otherwise not make it to market and be thrown away. This is a win/win for the farmers, hungry floridians and the environment. Farm share also distributes all of its fruits, vegetables, canned goods and proteins free of charge to both its partner agencies and individuals and families in need. Other food banks charge a shared maintenance fee and/or delivery fee as a condition of receiving their food. These costs can make it impossible for local soup kitchens, food pantries, church organizations and others to acquire this food to feed their communities. This especially affects those agencies serving the poorest communities that are in the most need. By not charging any fees, farm share is able to make sure these communities continue to be fed and have access to life sustaining food. Lastly, farm share is also a leader in disaster relief operations.during times of natural or man-made disasters, farm share is a first responder organization that provides immediate food, water and other disaster supplies to the affected communities. During hurricane irma and michael farm share provided more than 1.8 and 2.1 million pounds of these supplies within the first 10- 13 days after landfall. During the covid-19 pandemic, farm share distributed more than 4 million pounds of food weekly during the pandemics peak and more than 135 million pounds of food during the 12 months from march 2020 to march 2021. Most recently farm share provided life sustaining food, water and disaster relief supplies to communities affected by hurricane ian and hurricane idalia with semi-trucks of aid making distributions the day after each storm made landfall. Due to the nature of the organizations food banking activities, a large portion of its revenue and expenses result from contributed food & other goods and their subsequent distribution. Contributed food & goods on-hand at the end of the fiscal year are held as inventory. Depending on the timing of these contributions an

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 99.4%; rating input score 99
• Fundraising efficiency: $314.57 raised per $1 spent on fundraising; rating input score 92; 92nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 85.1%; rating input score 85; 19th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.4%; rating input score 21; 21st percentile among comparable filings
• Total-asset coverage ratio: 0.14; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 87; 87th percentile among comparable filings
• Officer compensation ratio: 0.3%; rating input score 88; 88th percentile among comparable filings

Growth

• Program expense growth: 10.9% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 12.8% per year; rating input score 100; 85th percentile among comparable filings
• Asset growth: 12.7% per year; rating input score 100; 80th percentile among comparable filings