CLEMMONS FAMILY FARM INC

EIN: 842314023 501(c)(3) Arts, Culture & Humanities

CHARLOTTE, VT

Total Revenue
$1,934,049
Total Expenses
$697,795
Total Assets
$2,017,214
Net Assets
$1,828,360
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VT
Principal Officer
LYDIA CLEMMONS
Phone
7655605445
Tax Period
2023-01-01 to 2023-12-31

CLEMMONS FAMILY FARM INC, founded in 2019, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 156% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 64% operating margin.

Mission

PRESERVE AND MAINTAIN THE HISTORIC CLEMMONS FARM IN CHARLOTTE, VERMONT AS AN EDUCATIONAL PROTOTYPE, AND A MODEL FOR PRESERVING AFRICAN-AMERICAN OWNED AGRICULTURAL LAND, CULTURAL AND HERITAGE ASSETS IN THE U.S.EMPOWER A GROWING NETWORK OF VERMONT'S ARTISTS AND CULTURE BEARERS WHO HAVE EXPERTISE IN AFRICAN DIASPORA ARTS AND CULTURE WITH OPPORTUNITIES FOR PROFESSIONAL DEVELOPMENT, ADVOCACY, VISIBILITY, NETWORKING, PAID ENGAGEMENTS, COLLECTIVE HEALING, AND A SAFE HAVEN FOR CREATIVITY THAT HELPS THEM TO THRIVE.BUILD A LOVING MULTICULTURAL COMMUNITY AROUND AFRICAN-AMERICAN/AFRICAN DIASPORA HISTORY, ARTS AND CULTURE.

Program Service Accomplishments

Program 1
Expenses: $30,303 Revenue: $12,303

ON FARM PROGRAMMING AND EVENTS THAT UPHOLD THE ORGANIZATION MISSION TO PRESERVE AND MAINTAIN THE HISTORIC FARM, EMPOWER A NETWORK OF VERMONT'S ARTISTS WITH EXPERTISE IN AFRICAN DIASPORA ARTS AND...

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ON FARM PROGRAMMING AND EVENTS THAT UPHOLD THE ORGANIZATION MISSION TO PRESERVE AND MAINTAIN THE HISTORIC FARM, EMPOWER A NETWORK OF VERMONT'S ARTISTS WITH EXPERTISE IN AFRICAN DIASPORA ARTS AND CULTURE.

Program 2
Expenses: $144,322

TRIPLE-NET LEASE AND STEWARDSHIP PROGRAMS AND SERVICES. THE TRIPLE NET LEASE SUPPORTS THE PRESERVATION AND STEWARDSHIP OF THE CLEMMONS FARM AND ITS USE BY ARTISTS, COMMUNITY MEMBERS, OTHER NONPROFIT...

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TRIPLE-NET LEASE AND STEWARDSHIP PROGRAMS AND SERVICES. THE TRIPLE NET LEASE SUPPORTS THE PRESERVATION AND STEWARDSHIP OF THE CLEMMONS FARM AND ITS USE BY ARTISTS, COMMUNITY MEMBERS, OTHER NONPROFIT ORGANIZATIONS, AND K-12 SCHOOLS DURING SCHEDULED ARTS AND CULTURE PROGRAMS AND EVENTS.

Program 3
Expenses: $28,574

HEALTH AND WELLNESS ARTS PROGRAMS. THIS WORK INCLUDED THE BENEATH OUR SKIN COVID 19 VACCINATION STORYTELLING PROJECT FUNDED BY VERMONT DEPARTMENT OF HEALTH, AND THE BLACK & BLISS WELLNESS ARTS...

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HEALTH AND WELLNESS ARTS PROGRAMS. THIS WORK INCLUDED THE BENEATH OUR SKIN COVID 19 VACCINATION STORYTELLING PROJECT FUNDED BY VERMONT DEPARTMENT OF HEALTH, AND THE BLACK & BLISS WELLNESS ARTS PROJECT FUNDED BY BEHAVIORAL HEALTH NETWORK OF VERMONT DBA VERMONT CARE NETWORK. FUNDS ARE MAINLY USED TO PAY ARTIST FEES, CONSULTANT FEES, PROGRAM MANAGEMENT FEES AND STIPENDS FOR STORYTELLING PARTICIPANTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,882,886
Program Service Revenue $35,386
Investment Income $207
Other Revenue $15,570
TOTAL REVENUE $1,934,049

Expense Breakdown

Grants Paid $11,250
Salaries & Benefits $283,287
Fundraising Expenses $10,750
Program Expenses $468,905
Other Expenses $403,258
TOTAL EXPENSES $697,795

Year-over-Year Comparison

2023 2022 Change
Revenue $1,934,049 $754,405 +1.6%
Expenses $697,795 $472,255 +0.5%
Net Income $1,236,254 $282,150 +3.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
3
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$140,000
Total Directors
8
$140,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYDIA CLEMMONS PRESIDENT & EXECUTIVE DIRE 60.00
Officer Director
$140,000 $0 $140,000
MARGARET BASS DIRECTOR 1.00
Director
$0 $0 $0
LESLIE MCCROREY WELLS DIRECTOR 1.00
Director
$0 $0 $0
DONNA SHERARD DIRECTOR 1.00
Director
$0 $0 $0
KAY JOHNSON DIRECTOR & TREASURER 8.00
Officer Director
$0 $0 $0
JAMES BENTIL DIRECTOR & SECRETARY 3.00
Officer Director
$0 $0 $0
ROBIN ANTHONY KOUYATE DIRECTOR 3.00
Director
$0 $0 $0
STEVEN BERBECO DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,934,049 $697,795 $2,017,214 $1,236,254
2022 $754,405 $472,255 $612,184 $282,150
2021 $545,386 $442,219 $324,103 $103,167
2020 $498,087 $296,354 $237,607 $201,733
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