North Carolina Farmers Market Network

Nonprofit profile at a glance

EIN
352784548
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Charlotte, NC, USA
Phone
9196673099
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$81,687
Expenses
$65,637
Assets
$23,059
Liabilities
$8,168

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

Leadership & pay

8 people listed

Executive titles in this filing

  • MAGGIE FUNKHAUSER (PRESIDENT)

People named in this filing

  • MAGGIE FUNKHAUSER (PRESIDENT)
  • KELLY CRANE (VICE CHAIR)
  • BECKY BOWAN (SECRETARY)

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

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

Overview

Mission

Ncfmn's mission is to support and strengthen farmers market communities throughout North Carolina by fostering a thriving network of local food marketplaces. The organization provides education, innovative services, and resources to market managers and vendors, with a focus on historically underserved populations.

What it reported doing in 2024

In 2024, the North Carolina farmers market network (ncfmn) advanced its mission to support and strengthen farmers market communities across the state by fostering a thriving network of local food marketplaces. The organization led a statewide education campaign for double snap at nc farmers markets (dunc), collaborating with partners to secure sustainable funding and expand food access for low-income families. Ncfmn also initiated the development of an online farmers market manager certificate course to professionalize market leadership and enhance operational effectiveness.throughout the year, ncfmn facilitated monthly peer learning calls, distributed newsletters, and maintained a comprehensive online resource library to support market managers. These efforts promoted knowledge-sharing, problem-solving, and community-building among market leaders. Additionally, during national farmers market week 2024, ncfmn coordinated statewide promotional efforts, providing toolkits and materials to help markets celebrate their role in supporting local agriculture, boosting rural economies, and increasing access to fresh, nutritious food.

Operating model

Revenue model
Grant-funded. 71% of the money available for current operations came from government grants.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 46
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.4%; rating input score 72
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 19.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 72.4% of revenue deployed · 90.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $59K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • 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 — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.