Nonprofit · EIN 47-4089099
CAROLINA FARM TRUST INC
Tax-exempt · CORNELIUS, NC 28031
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,893,245 | $3,284,546 | $3,608,699 | $10,761,596 | $2,566,266 | $8,195,330 |
| December 31, 2023 | 990 | $5,509,667 | $1,651,450 | $3,858,217 | $8,134,639 | $3,548,008 | $4,586,631 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,412,700
- of which government grants
- $5,597,193
- Program service revenue
- $514,570
- Investment income
- $4,627
- Net income from fundraising events
- -$41,615
- Other revenue
- -$38,652
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,000
- Other salaries and wages
- $951,437
- Salaries, compensation and benefits (total)
- $1,211,576
- Professional fundraising fees
- $0
- Occupancy
- $85,943
- Travel
- $39,345
- Depreciation
- $337,367
- Program services (functional)
- $2,150,384
- Management and general (functional)
- $763,240
- Fundraising (functional)
- $370,922
Balance sheet and other
- Total assets, start of year
- $8,134,639
- Total assets, end of year
- $10,761,596
- Total liabilities, end of year
- $2,566,266
- Net assets, end of year
- $8,195,330
- Land, buildings and equipment
- $7,612,826
- Net assets without donor restrictions
- $8,195,330
- Gross receipts
- $6,959,272
- Employees
- 45
- Volunteers
- 254
- Year formed
- 2015
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ZACK WYATT | CEO Trustee or director, Officer | 40 | $125,000 |
| TORI KAPLAN | BOARD CHAIR Trustee or director | 4 | $0 |
| BEN ALLISON | TREASURER Trustee or director | 2 | $0 |
| BLAIR PRIMIS | MEMBER Trustee or director | 1 | $0 |
| ROBERT GRAHAM | MEMBER Trustee or director | 1 | $0 |
| ELIZABETH ANNE DOVER | MEMBER Trustee or director | 1 | $0 |
| DR BARBARA WORLEY | MEMBER Trustee or director | 1 | $0 |
| JAYLON HERBIN | MEMBER Trustee or director | 1 | $0 |
| JENNIFER MORGAN | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ZACK WYATT | CEO Trustee or director, Officer | 40 | $125,000 |
| ERIN BARBEE | PAST IMMEDIATE BOARD CHAIR Trustee or director | 1 | $0 |
| JAYLON HERBIN | MEMBER Trustee or director | 1 | $0 |
| ELIZABETH ANNE DOVER | MEMBER Trustee or director | 1 | $0 |
| TORI KAPLAN | INTERM BOARD CHAIR Trustee or director | 1 | $0 |
| JENNIFER MORGAN | MEMBER Trustee or director | 1 | $0 |
| BEN ALLISON | TREASURER Trustee or director | 1 | $0 |
| BLAIR PRIMIS | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9627 WILLOW LEAF LN, CORNELIUS, NC 28031-9367
- Mailing address (990-N for 2017)
- 19028 Oakhurst Blvd, Cornelius NC 28031
- Principal officer (990 for 2024)
- ZACK WYATT, 9627 WILLOW LEAF LANE, CORNELIUS, NC 28031
- Principal officer (990-N for 2017)
- Zack Wyatt, 19028 Oakhurst Blvd, Cornelius NC 28031
- Signed the 990
- ZACK WYATT, CHIEF EXECUTIVE OFFICER
- Phone
- (704) 264-6088
- Website
- www.carolinafarmtrust.org
- Return prepared by
- DEAN DORTON ALLEN FORD PLLC
Mission
IT IS OUR MISSION TO STRENGTHEN OUR LOCAL FOOD SYSTEMS IN THE CAROLINAS, FROM PRODUCTION TO CONSUMPTION.
Program accomplishments
- WE GROW MORE THAN FOOD - WE GROW THE SYSTEMS, PEOPLE, AND POSSIBILITIES THAT RESTORE HEALTH AND DIGNITY TO OUR COMMUNITIES. THROUGH FARMS, MARKETS, EDUCATION, AND ACCESS, WE CREATE A REGIONAL FOOD MODEL THAT NOURISHES LIVES, PROTECTS THE LAND, REDUCES THE BURDEN ON HEALTHCARE, AND BUILDS OPPORTUNITY FROM THE GROUND UP. WHEREVER WE WORK, WE MAKE IT EASIER FOR INDIVIDUALS AND INSTITUTIONS TO TAKE PART IN REAL, LASTING CHANGESTARTING WITH FOOD.Expenses $2,150,384 · revenue $517,533
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4089099
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K25)
- Assets (IRS master file)
- $10,761,596
- Income (IRS master file)
- $6,959,272
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,893,245 | $3,284,546 | $10,761,596 | XML |
| 990 | December 2023 | $5,509,667 | $1,651,450 | $8,134,639 | XML |
| 990 | December 2022 | $1,052,900 | $637,767 | $507,114 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2017 Officer: Zack Wyatt | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4089099).
Questions about CAROLINA FARM TRUST INC
- What is the EIN of CAROLINA FARM TRUST INC?
- The employer identification number (EIN) of CAROLINA FARM TRUST INC is 47-4089099.
- Is CAROLINA FARM TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CAROLINA FARM TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAROLINA FARM TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAROLINA FARM TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROLINA FARM TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAROLINA FARM TRUST INC?
- The 990 for the year ended December 31, 2024 names ZACK WYATT.
- Who are the officers and directors of CAROLINA FARM TRUST INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $125,000 (ZACK WYATT, CEO).
- How much revenue does CAROLINA FARM TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,893,245, expenses of $3,284,546 and total assets of $10,761,596 at year end.
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