2021-11-15T11:46:24-06:00 2020-12-31 135381590 BDO USA LLP 601 UNION ST STE 2300 SEATTLE WA 981012345 990 2020-01-01 813414267 CARNATION FARMS CARN 4258443100 28901 NE CARNATION FARM ROAD CARNATION WA 98014 KIM ATKINSON DIRECTOR OF FINANCE AND ADMIN. 4258443100 2021-11-12 1 KIM ATKINSON 999009999 RAY HOLMDAHL P00120599 2063827777 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KIM ATKINSON 28901 NE CARNATION FARM ROAD CARNATION WA 98014 4142703 0 X WWW.CARNATIONFARMS.ORG X 2016 WA CARNATION FARMS IS A WORKING ORGANIC FARM THAT GROWS FUTURE FARMERS, CULINARY PROFESSIONALS, AND A RESILIENT FOOD SYSTEM THROUGH STEWARDSHIP AND IMPACTFUL PROGRAMMING. INSPIRED BY OUR PROPERTY'S HISTORY OF INNOVATION, WE OFFER AN INTEGRATED APPROACH THAT FOCUSES ON THE CONNECTIVITY BETWEEN FARMING, THE CULINARY ARTS, AND OPPORTUNITIES FOR REGIONAL ECONOMIC DEVELOPMENT. TOGETHER, WE CHAMPION A STRONGER COMMUNITY AND AGRICULTURAL NETWORK TO ENSURE A SUSTAINABLE FUTURE. 11 8 58 0 0 0 3088797 3303774 684322 6200 64 52 175052 397352 3948235 3707378 0 0 0 0 2188983 1920272 0 0 26571 1407335 1033833 3596318 2954105 351917 753273 13132140 13557149 9936680 10270430 3195460 3286719 X CARNATION FARMS IS A WORKING ORGANIC FARM THAT GROWS FUTURE FARMERS, CULINARY PROFESSIONALS, AND A RESILIENT FOOD SYSTEM THROUGH STEWARDSHIP AND IMPACTFUL PROGRAMMING. INSPIRED BY OUR PROPERTY'S HISTORY OF INNOVATION, WE OFFER AN INTEGRATED APPROACH THAT FOCUSES ON THE CONNECTIVITY BETWEEN FARMING, THE CULINARY ARTS, AND OPPORTUNITIES FOR REGIONAL ECONOMIC DEVELOPMENT. TOGETHER, WE CHAMPION A STRONGER COMMUNITY AND AGRICULTURAL NETWORK TO ENSURE A SUSTAINABLE FUTURE. 0 0 1861745 219730 CARNATION FARMS' SUSTAINABLE AGRICULTURE ACTIVITIES INCLUDE 400 ACRES OF CERTIFIED 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 WORK TO ALLEVIATE HUNGER IN THE REGION. CARNATION FARMS ALSO HELPS NEW FARMERS LAUNCH THEIR OWN BUSINESSES THROUGH ITS FARMER-IN-TRAINING PROGRAM. 326420 91913 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. 146020 6200 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. 2334185 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 58 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 11 8 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KIMBERLY ATKINSON 4258443165 28901 NE CARNATION FARM ROAD CARNATION WA 98014 ROBERT FINN EXECUTIVE DIRECTOR 40.00 X 78077 0 2365 DANIEL ODERYD PRESIDENT 5.00 X X 0 0 0 ELBRIDGE STUART III TREASURER 5.00 X X 0 0 0 SARAH ODERYD VICE PRESIDENT 5.00 X X 0 0 0 PAULA BUTZI SECRETARY 1.00 X X 0 0 0 NIELS BRISBANE DIRECTOR 1.00 X 0 0 0 WENDY DAVIS DIRECTOR 1.00 X 0 0 0 JEFF GOTTLIEB 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 LEE PASQUARELLA DIRECTOR 1.00 X 0 0 0 JAN VANDENBOS DIRECTOR 1.00 X 0 0 0 78077 0 2365 0 0 0 0 0 3455 175000 3125319 14216 3303774 FIELD TRIPS & RETREATS 900099 4579 4579 CAMPS & CLASSES 900099 1621 1621 6200 52 52 80485 0 80485 80485 80485 0 3455 459 -459 -459 746509 434866 311643 311643 MISCELLANEOUS REVENUE 900099 5683 5683 5683 3707378 317843 0 85761 80442 64354 16088 1552248 1228640 307179 16429 22392 16393 5714 285 110913 81039 28435 1439 154277 123580 29201 1496 17321 3590 13720 11 26499 26499 33200 18350 14832 18 2818 2811 7 44512 33569 10662 281 51958 5124 46524 310 316592 295017 20399 1176 130317 121436 8397 484 179546 129959 49069 518 PROGRAM EXPENSE 171759 163790 7592 377 OTHER EXPENSES 59311 46533 9038 3740 2954105 2334185 593349 26571 71142 1294028 140133 157032 150822 101669 74616 51374 111832 130174 1112435 554663 614427 557772 11969168 11265100 13132140 13557149 259693 186159 21872 198453 412142 9655115 9473676 9936680 10270430 X -7991 304887 3203451 2981832 3195460 3286719 13132140 13557149 X 753273 -704069 42055 X 0 1 X 0 0 X 1671920 3468849 2730567 3088797 3303774 14263907 1671920 3468849 2730567 3088797 3303774 14263907 8570117 5693790 10035 22178 50197 76875 80537 239822 344 79386 5683 85413 14589142 2087690 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2018 AMOUNT: $ 344. 2019 AMOUNT: $ 541. 2020 AMOUNT: $ 5,683. PROPERTY TAX REFUND - 2019 AMOUNT: $ 78,845. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 254338 54776 199562 842690 499887 342803 15407 15407 557772 USE OF FACILITIES RECEIVABLE 11265100 11265100 SECURITY DEPOSITS 4593 LONG TERM FACILITIES MAINTENANCE LIABILITY 9469083 9473676 3707781 403 403 3707378 0 3707378 2954508 403 403 2954105 0 2954105 ELBRIDGE & DEBRA STUART FOUNDATION SUBSTANTIAL CONTRIBUTOR AND BOARD MEMBER 11265099 USE OF FACILITIES CONTRIBUTION RECEIVABLE 0 ELBRIDGE & DEBRA STUART FOUNDATION SUBSTANTIAL CONTRIBUTOR AND BOARD MEMBER 185385 FACILITIES AND MAINTENANCE OBLIGATIONS 0 SCHEDULE L, PART IV CARNATION FARMS LEASES ITS FARM AND OFFICE SPACE FROM A RELATED PARTY AT A RATE OF $1 PER YEAR. THE LEASE EXPIRES ON SEPTEMBER 30, 2036, AND MAY BE CANCELLED BY EITHER PARTY WITH 12 MONTHS' WRITTEN NOTICE. AS THE LEASE IS NOT EXPECTED TO BE CANCELLED BY EITHER PARTY, THE FULL VALUE OF THE CONTRIBUTED RENT AND THE FACILITIES MAINTENANCE OBLIGATION HAS BEEN RECOGNIZED. 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 FAIR VALUE OF THE IN-KIND RENTAL PAYMENTS, AS ESTIMATED BY MANAGEMENT, OVER THE LIFE OF THE LEASE WAS GREATER THAN THE ESTIMATED FAIR VALUE OF THE PROPERTY, BASED ON A PROPERTY VALUATION REPORT PREPARED BY AN INDEPENDENT THIRD PARTY. THEREFORE, MANAGEMENT VALUED THE USE OF FACILITIES RECEIVABLE USING THE LOWER AMOUNT AND BASED THE USE OF FACILITIES RECEIVABLE ON THE FAIR VALUE OF THE REAL PROPERTY.CARNATION FARMS AND THE LANDLORD AGREED TO A SCHEDULE OF REQUIRED REPAIRS AND MAINTENANCE THROUGH 2022. THIS SCHEDULE WAS BASED ON AN ASSESSMENT OF NEEDED REPAIRS AND MAINTENANCE PERFORMED BY AN INDEPENDENT THIRD PARTY. IN JUNE 2021, CARNATION FARMS AND THE LANDLORD AGREED TO COMPLETE AN OVERALL REVIEW OF ALL NECESSARY PROJECTS TO PROPERLY MAINTAIN THE PROPERTY, WHICH CARNATION FARMS LEASES. THIS UPDATED ASSESSMENT IS ANTICIPATED TO BE COMPLETED IN CONJUNCTION WITH AND APPROVED BY THE LANDLORD BY THE END OF 2021.IN 2017, CARNATION FARMS RECOGNIZED AN IN KIND CONTRIBUTION OF USE OF FACILITIES OF $3,727,288 REPRESENTING THE DIFFERENCE BETWEEN THE FAIR VALUE OF LEASED PREMISES FOR WHICH A RECEIVABLE WAS RECORDED AND THE MAINTENANCE LIABILITY. THE USE OF FACILITIES CONTRIBUTION RECEIVABLE IS AMORTIZED ON A STRAIGHT LINE BASIS OVER THE 20 YEAR LEASE PERIOD TO RENT EXPENSE. RENT EXPENSE WAS $704,069 DURING THE YEAR ENDED DECEMBER 31, 2020. THE BALANCE OF THE USE OF FACILITIES CONTRIBUTION RECEIVABLE WAS $11,265,100 AT DECEMBER 31, 2020. A LIABILITY FOR THE MAINTENANCE OF THE PROPERTY HAS BEEN RECORDED IN THE AMOUNT OF $9,469,083, WHICH WILL BE DECREASED ANNUALLY IN FUTURE YEARS DEPENDING ON THE ACTUAL COSTS OF MAINTENANCE. FORM 990, PART VI, SECTION A, LINE 2 PRESIDENT (DANIEL ODERYD) AND VICE PRESIDENT (SARAH ODERYD) ARE MARRIED. PRESIDENT (DANIEL ODERYD) IS THE SON-IN-LAW OF TREASURER (ELBRIDGE STUART III). VICE PRESIDENT (SARAH ODERYD) IS THE DAUGHTER OF 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 ITS FILING. ONE BOARD MEMBER RESIGNED IN FEBRUARY 2021 AND WILL NOT RECEIVE A 990 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 ED SALARY WAS DETERMINED BY INFORMALLY BENCHMARKING AGAINST OTHER ED SALARIES OF LOCAL NON-PROFITS WITH SIMILAR SIZE AND SCALE. 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. FORM 990, PART XI, LINE 9: GAIN ON FACILITY LEASE OBLIGATIONS 42,055. ELBRIDGE AND DEBRA STUART FAMILY FOUNDATION PO BOX 8340 INCLINE VILLAGE NV 89450 264492027 PRIVATE FOUNDATION NV 501(C)(3) N/A 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 ELBRIDGE AND DEBRA STUART FAMILY FOUNDATION C 75000 CASH