Franklin Farm Hub Inc
Nonprofit profile at a glance
- EIN
- 334756196
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025
- Location
- Franklin, NC, USA
- Phone
- 4043237026
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rural Economic Development
Reported finances
- Revenue
- $41,956
- Expenses
- $23,820
- Assets
- $18,136
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Gregory Mullins (Pres CEO Director)
People named in this filing
- Gregory Mullins (Pres CEO Director)
- John Penninger (Secretary Director)
- Stacy Bredendieck (Treas CFO Director)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Franklin Farm Hub is dedicated to facilitating the creation of sustainable food ecosystems in Western North Carolina, striving to improve food access, promote sustainable agriculture, and uplift the local agricultural community through education, incubation, and collaboration. Franklin Farm Hub achieves its mission by partnering with local food banks to distribute food to underserved communities, offering educational programs for local farmers and the general public on sustainable farming and nutrition, promoting conservation and land stewardship, providing critical resources to underprivileged farmers, and raising awareness on the best practices for sustainable agricultural land management and wholesome, organic produce.
What it reported doing in 2025
The Produce Purchase Guarantee Program is a weekly farmers market food recovery program. Franklin Farm Hub purchases up to $100 worth of produce, meat, eggs, and value-added food products from two farmers markets each week serving a network of 21 farmers and food producers. Food aggregated from markets is distributed for charitable donation to 3-5 food relief agencies, such as food pantries and meal programs, in Macon County to donate to food insecure neighbors in need.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 100
- Sustainability: 67
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 43.6%; rating input score 44
- Program expense ratio: 76.8%; rating input score 77
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 43.2%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 43.6% of revenue deployed · 76.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 44/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.