2022-11-07T15:12:05-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2021-01-01 813414267 CARNATION FARMS CARN 4258443100 28901 NE CARNATION FARM ROAD CARNATION WA 98014 KIMBERLY ATKINSON DIRECTOR OF FINANCE & ADMIN. 4258443100 2022-11-01 1 KIMBERLY ATKINSON 999009999 ALLEN GILBERT CPA P01380103 4252506100 2022-11-01 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z ELDRIDGE STUART III 28901 NE CARNATION FARM ROAD CARNATION WA 98014 4022180 0 X WWW.CARNATIONFARMS.ORG X 2016 WA CF IS TRANSFORMING THE WAY THAT PEOPLE WANT TO EAT, DEVELOPING THE NEXT GENERATION OF FOOD CITIZENS. 9 6 60 10 52000 0 3303774 2942881 6200 331370 52 85 397352 363630 3707378 3637966 0 0 0 0 1920272 2100419 0 0 72568 1033833 1531931 2954105 3632350 753273 5616 13557149 2560326 10270430 692381 3286719 1867945 X CARNATION FARMS IS A NONPROFIT ORGANIZATION ON A MISSION TO TRANSFORM THE WAY THAT PEOPLE WANT TO EAT. WE CELEBRATE DELICIOUS AND NUTRITIOUS FOOD PRODUCED IN A SUSTAINABLE MANNER BY PROVIDING INSPIRATIONAL AND EDUCATIONAL EXPERIENCES THAT POSITIVELY AFFECT THE HEALTH, THE ENVIRONMENT, AND LOCAL ECONOMIES. WE DEVELOP THE NEXT GENERATION OF FOOD CITIZENS AND GROW NEW FARMERS. 0 0 2192977 0 264848 CARNATION FARMS' SUSTAINABLE AGRICULTURE ACTIVITIES INCLUDE 400 ACRES OFCERTIFIED ORGANIC VEGETABLE, FRUIT, EGG, GRAIN, HAY, AND LIVESTOCK PRODUCTION FOR SALE AND FOR USE IN ITS EDUCATION PROGRAMS. THE CARNATION FARMS FARMSTAND RECEIVES MORE THAN 10,000 VISITORS PER YEAR AND NOT ONLY SELLS PRODUCTS FROM THE FARM TO THE LOCAL POPULACE, BUT ALSO PROVIDES AN OUTLET FOR OTHER LOCAL FARMERS TO SELL THEIR PRODUCTS. THE FARM'S PRODUCTS ARE ALSO SOLD THROUGH LOCAL FARMERS MARKETS, LOCAL RESTAURANT AND CATERING BUSINESSES, AND SEVERAL ORGANIZATIONS THAT WORKTO ALLEVIATE HUNGER IN THE REGION. CARNATION FARMS ALSO HELPS NEW FARMERS LAUNCH THEIR OWN BUSINESSES THROUGH ITS FARMER-IN-TRAINING PROGRAM. 484334 0 271515 CULINARY: CARNATION FARMS HOSTS A VARIETY OF MISSION BASED CULINARY EVENTS INCLUDING: FARM TO TABLE MEALS AND OTHER FOOD FOCUSED EVENTS. CARNATION FARMS PROVIDES CATERING SERVICES UTILIZING ORGANIC PRODUCE AND LIVESTOCK PRODUCTS FROM OUR FARM AND/OR SOURCED FROM OTHER COMMUNITY PARTNERS. CARNATION FARMS ALSO CREATES VALUE ADDED PRODUCTS USING OUR ORGANIC AND LOCALLY SOURCED INGREDIENTS TO SUPPLY PREPARED FOODS THROUGH OUR FARMSTAND. DUE TO THE COVID-19 PANDEMIC, MANY OF THESE ACTIVITIES WERE NOT ABLE TO BE HELD AT THE FARM. HOWEVER, CARNATION FARMS DID CREATE DRIVE THRU DINNERS TO PROVIDE ADDITIONAL HEALTHY FOOD OPTIONS FOR THE COMMUNITY. 47068 0 7855 CAMPS AND CLASSES: CARNATION FARMS HOSTS CULINARY AND FARM RELATED CLASSES AND WORKSHOPS GIVING THE PUBLIC HANDS ON EXPERIENCES THAT CONNECT THEM TO AGRICULTURE. MANY LOCAL SCHOOLS ALSO VISIT THE FARM THROUGH OUR FIELD TRIP PROGRAM. EACH SUMMER, CARNATION FARMS OFFERS SUMMER CAMPS FOR KIDS. DUE TO COVID-19 PANDEMIC, MOST OF THESE ACTIVITIES WERE CANCELLED. CERTAIN CLASSES WERE HELD VIRTUALLY AND SOME SMALL FAMILY FIELD TRIPS WERE OFFERED. 2724379 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 26 0 60 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 6 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KIMBERLY ATKINSON 4258443100 28901 NE CARNATION FARM ROAD CARNATION WA 98014 ROBERT FINN EXECUTIVE DIRECTOR (THRU 9/2021) 40.00 X 115816 0 4175 KIMBERLY ATKINSON DIRECTOR OF FINANCE & ADMINISTRATION 40.00 X 92120 0 5092 JOSEF KREBS INTERIM EXEC. DIR. (THRU 11/2021) 20.00 X 27419 0 0 PAUL SHOEMAKER INTERIM EXECUTIVE DIRECTOR 20.00 X 0 0 0 ELBRIDGE STUART III PRESIDENT/TREASURER 5.00 X X 0 0 0 SARAH ODERYD VICE PRESIDENT 1.00 X X 0 0 0 WENDY DAVIS SECRETARY 1.00 X X 0 0 0 NIELS BRISBANE DIRECTOR 1.00 X 0 0 0 JEFF GOTTLIES DIRECTOR 1.00 X 0 0 0 BRYANT HELVEY DIRECTOR 1.00 X 0 0 0 JANICE LAFONTAINE DIRECTOR 1.00 X 0 0 0 DANIEL ODERYD DIRECTOR 1.00 X 0 0 0 JAN VANDENBOS DIRECTOR 1.00 X 0 0 0 235355 0 9267 1 0 0 0 BLUE HERON REMODELING & DESIGN 17606 32ND DR SE BOTHELL WA 98012 CONSTRUCTION SERIVES 173938 STOKES LAWRENCE LLC 1420 FIFTH AVE 3000 SEATTLE WA 98101 LEGAL SERVICES 134237 GREAT LANDSCAPE SERVICES 17373 149TH ST SE MONROE WA 98272 LANDSCAPING SERVICES 130070 3 3780 1261990 1677111 7787 2942881 WEDDINGS & EVENTS 713990 229223 177223 52000 OTHER PROGRAM SERVICE 713990 102147 102147 331370 85 85 100259 0 100259 100259 100259 0 3780 1339 -1339 -1339 647723 382875 264848 264848 MISCELLANEOUS REVENUE 812900 5493 5493 LOSS ON FACILITY LEASE 812900 -5631 -5631 -138 3637966 544218 52000 98867 217205 167247 45613 4345 1538485 1232567 261059 44859 25399 18616 6747 36 149388 115461 27887 6040 169942 137517 27590 4835 276000 276000 51960 320 51640 19469 20488 -1447 428 832 482 350 44591 35685 8499 407 31638 2642 25855 3141 441380 413876 25877 1627 140907 132038 8344 525 201849 152340 48904 605 FOOD, HOSPITALITY, & PR 247886 237937 9369 580 OTHER 64067 57163 5944 960 DONOR CULTIVATION 6080 2250 3830 UBIT EXPENSES 5272 5272 3632350 2724379 835403 72568 1294028 608520 10109 15238 101669 248810 51374 53004 130174 123512 1428067 695571 557772 732496 11265100 704069 146923 74677 13557149 2560326 186159 260440 198453 116592 412142 0 9473676 315349 10270430 692381 X 304887 1163876 2981832 704069 3286719 1867945 13557149 2560326 5616 -1424390 0 X X 0 1 X 1 0 X 3468849 2730567 3088797 3303774 2942881 15534868 3468849 2730567 3088797 3303774 2942881 15534868 6571686 8963182 22178 50197 76875 80537 100344 330131 344 79386 5683 -138 85275 15950274 3611776 0.56190 0.39030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 344. 2019 AMOUNT: $ 79,386. 2020 AMOUNT: $ 5,683. 2021 AMOUNT: $ -138. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 271156 72154 199002 917461 616120 301341 239450 7297 232153 732496 FACILITIES MAINTENANCE LIABILITY 310900 SECURITY DEPOSITS 4449 315349 X 4347666 704069 5631 709700 3637966 0 3637966 4342050 704069 5631 709700 3632350 0 3632350 PART X, LINE 2: CARNATION FARMS IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF FACILITIES MAINTENANCE OBLIGATIONS 5,631. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF FACILITIES MAINTENANCE OBLIGATIONS 5,631. ELBRIDGE AND DEBRA STUART FOUNDATION OWNER OF SCF HOLDINGS LLC, WHICH OWNS THE LAND / FACILITIES , LEASES TO CF 704069 USE OF FACILITIES CONTRIBUTION RECEIVABLE 0 ELBRIDGE AND DEBRA STUART FOUNDATION OWNER OF SCF HOLDINGS LLC, WHICH OWNS THE LAND / FACILITIES , LEASES TO CF 310900 FACILITIES AND MAINTENANCE OBLIGATIONS. NO FORGIVENESS IN 2021 0 SCHEDULE L CARNATION FARMS LEASES ITS FARM AND OFFICE SPACE FROM ELBRIDGE AND DEBRA STUART FOUNDATION AT A RATE OF $1 PER YEAR. THE LEASE EXPIRES ON SEPTEMBER 30, 2036 AND MAY BE CANCELED BY EITHER PARTY WITH 12 MONTHS WRITTEN NOTICE, WHICH HAS NOT OCCURRED AS OF THE DATE THESE FINANCIAL STATEMENTS WERE AVAILABLE TO BE ISSUED. THE TERMS OF THE LEASE INCLUDE THAT CARNATION FARMS MUST PAY ALL UTILITIES AND PROPERTY TAXES AND IS LIABLE FOR MAINTENANCE OF THE REAL AND PERSONAL PROPERTY LOCATED ON THE PROPERTY IN CARNATION, WASHINGTON.THE BALANCE OF THE FACILITIES CONTRIBUTION RECEIVABLE WAS $704,069 AT DECEMBER 31, 2021 WHICH IS THE FAIR VALUE OF THE IN-KIND RENTAL PAYMENTS, AS ESTIMATED BY MANAGEMENT, ONE YEAR FROM THE YEAR-END. TOTAL RENT EXPENSE WAS $704,070, INCLUDING IN-KIND RENT EXPENSE OF $704,069, DURING THE YEAR ENDED DECEMBER 31, 2021. THE BALANCE OF THE FACILITIES MAINTENANCE OBLIGATIONS OF THE PROPERTY HAS BEEN RECORDED IN THE AMOUNT OF $310,900 AS OF DECEMBER 31, 2021, WHICH WILL BE DECREASED DEPENDING ON THE ACTUAL COSTS OF MAINTENANCE. THIS LIABILITY WAS DETERMINED BASED ON THE ESTIMATED COST OF SPECIFIC MAINTENANCE PROJECTS CARNATION FARMS AGREED TO COMPLETE ONE YEAR FROM THE YEAR-END. AS PROJECTS ARE COMPLETED, THE LIABILITY IS RELIEVED IN THE AMOUNT OF THE ESTIMATED COST FOR THAT PROJECT. AT TIMES, PROJECTS ARE COMPLETED FOR LESS (MORE) THAN THE ESTIMATED LIABILITY AND A GAIN (LOSS) IS RECORDED FOR THE DIFFERENCE BETWEEN THE ACTUAL COST TO COMPLETE THE PROJECT AND THE ESTIMATED COSTS. FOR THE YEAR ENDED DECEMBER 31, 2021, LOSSES RECORDED ON THE COMPLETION OF MAINTENANCE PROJECTS WERE $5,631. FORM 990, PART VI, SECTION A, LINE 2 BOARD MEMBER (DANIEL ODERYD) AND VICE PRESIDENT (SARAH ODERYD) ARE MARRIED. BOARD MEMBER (DANIEL ODERYD) IS THE SON-IN-LAW OF INTERIM PRESIDENT/ TREASURER (ELBRIDGE STUART III). VICE PRESIDENT (SARAH ODERYD) IS THE DAUGHTER OF INTERIM PRESIDENT/TREASURER (ELBRIDGE STUART III). FORM 990, PART VI, SECTION A, LINE 6 ELBRIDGE STUART III AND DEBRA STUART ARE THE MEMBERS OF THIS CORPORATION, AND EXERCISE THEIR MEMBERSHIP RIGHTS THROUGH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ELBRIDGE STUART III AND DEBRA STUART, BOTH INDIVIDUALS, ARE THE MEMBERS OF THIS CORPORATION. THE MEMBERS ELECT THE DIRECTORS OF THE CORPORATION, WHO SERVE FOR OVERLAPPING THREE YEAR TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST SURVEY. THE BOARD DISCUSSES ALL DISCLOSED CONFLICTS AND ALL DIRECTORS WITH CONFLICTS RECUSE THEMSELVES FROM VOTING ON MATTERS IN WHICH THEY HAVE CONFLICTS, PER THE CORPORATION'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S SALARY WAS DETERMINED BY INFORMALLY BENCHMARKING AGAINST OTHER EXECUTIVE DIRECTOR SALARIES OF LOCAL NON-PROFITS WITH SIMILAR SIZE AND SCALE. THE EXECUTIVE DIRECTOR COMP HAS ALWAYS BEEN REVIEWED AND APPROVED BY THE BOARD. THE BOARD OF DIRECTORS HIRED INTERIM 2 DIFFERENT EXECUTIVE DIRECTORS IN FALL OF 2021 WITH THE DEPARTURE OF THE PREVIOUS EXECUTIVE DIRECTOR. THE DIRECTOR OF FINANCE'S COMPENSATION WAS DETERMINED BY INFORMALLY BENCHMARKING AGAINST OTHER DIRECTOR OF FINANCE SALARIES OF LOCAL NON-PROFITS WITH SIMILAR SIZE AND SCALE. THE DIRECTOR OF FINANCE'S MUST BE APPROVED BY THE EXECUTIVE DIRECTOR AND/OR BOARD OFFICERS THE PROCESS FOR BOTH WAS LAST COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE PUBLICLY AVAILABLE. OUR FORM 990 FILING SUMMARIZES THE KEY TENETS OF THESE DOCUMENTS AND IS PUBLICLY AVAILABLE. ELBRIDGE AND DEBRA STUART FAMILY FOUNDATION PO BOX 8340 INCLINE VILLAGE NV 89450 264492027 PRIVATE FOUNDATION WA 501(C)(3) PF N/A 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 ELBRIDGE AND DEBRA STUART FAMILY FOUNDATION Q 155306 CASH ELBRIDGE AND DEBRA STUART FAMILY FOUNDATION G 123879 CASH