In a little over 1 month, we have raised $140,604 toward our total goal of $500,000 raised by December 31, 2023. This is right on pace, and we’re so thankful for those of you who have contributed thus far.
I’m in the process of reaching out to many people to ask them whether they’d be willing to contribute to our mission financially. If you’re receiving this email…you’re on my list! I promise I won’t send our intimidating goons to break your thumbs (my goons are only 5, 3, 3, and 1 year old right now anyways ). If it makes sense for you to help us out, awesome. If it doesn’t, that’s awesome too. We just want to make sure we’re doing our due diligence by asking everyone to consider helping out.
Also, I think it’s important for folks to know why we’re raising the amount we’re raising and how we intend to use the money, so below, I’m going to answer some finance related questions about Farming with Friends…
Why are you raising $500,000?
We have a goal of raising $500,000 by December 31, 2023 because this is the approximate amount that we will need to sustain operations for our first 2 years of existence. This amount includes salaries, insurance, taxes, fees, benefits, infrastructure, equipment, livestock, feed, seed, education, travel, technology, office supplies, and costs related to events.
Why for the first 2 years?
We’re raising our first 2 years' operating expenses on the front-end because we believe that a healthy non-profit always has 1 year of operating expenses in the account. In our experience leading non-profits, we’ve found that operating on a shoestring budget or operating under the fear that the money is going to run out is not a good way to go about effectively accomplishing the mission. We believe in budgeting from a thrive mentality as opposed to a survive mentality, and then we believe in working hard to raise the money needed for the organization to thrive. We believe that these are principles of good stewardship that honor the mission God has called us to and honor the resources with which He has entrusted us. Overall, we want to ensure that the organization is financially sound for the long term so we can focus the bulk of our energy on accomplishing the mission rather than worrying about money.
I know that Farming with Friends will be selling products like eggs, meat, vegetables, fruit, and more. Do you have any goals related to supporting the organization via product sales (as opposed to being supported solely through donations)?
Yes. We have goals related to supporting the organization through product sales. By the end of year 3 (2026), we’d like to offset all employee wages with product sales. In other words, we’d like to sell enough product that the revenues from our product sales cover the entirety of our costs of employing workers. We love our donors and receiving donations. However, once again, we want to steward well that which God has given us. He has provided us with a beautiful 87-acre farm that is (literally) ripe with opportunities to create quality food for our community, so we want to utilize this resource to create revenue to help sustain our activities. This will help us begin to establish a comfortable balance between revenues coming from donations and revenues coming from products sales. We also have a couple of additional ideas for creating revenue including collecting government funding where appropriate and providing farming education opportunities for the community. Our goal is to diversify our revenue streams so we’re not overly reliant on any one of them.
Can I contribute in-kind donations to Farming with Friends?
Of course! You can contribute items to Farming with Friends. Below is a list of some of our most pressing current needs:
Utility Vehicle (think Kawasaki Mule)
16 ft. Trailer
Heavy Duty Tarp
Tie Down Straps
First Aid Kit
Printer (for home office)
New 12-Egg Cartons (We need A LOT of these )
Rubber Feeder Pan
10 ft. Corral Panels x 10
Premier 1 – Poultry Net Plus 12/42/3 Starter Kit (basically an electric fence for chickens )
Lumber for Mobile Infrastructure (mobile housing for our chickens)
10’ x 20’ Greenhouse
Standing Display Freezer
Glass Top Display Freezer
I have two stipulations with respect to in-kind donations:
1) Please reach out to me prior to purchasing anything or investing in anything you’d like to donate. I want to protect you from spending money on something that will not fit our needs.
2) Please don’t use this as an opportunity to send us your junk. We are not above lightly used donations that are still in good shape, but if it’s going to cost us more in time and money to keep an item running or make an item useful than it’s worth, it’s not a good option for us.
Are donations to Farming with Friends tax deductible?
Yes. Farming with Friends is a registered 501(c)3 non-profit organization.
How can I donate to Farming with Friends?
1) Visit https://secure.myvanco.com/L-ZHX7 and follow the prompts to make your donation through our secure online giving website. Farming with Friends will incur a 1% charge for ACH/EFT transactions as opposed to a 2.9% charge for debit/credit card transactions. Additionally, the ACH/EFT option keeps us from having to update information every time you get a new card. With that said, please feel free to donate in whatever way works best for you.
2) Send a check made out to “Farming with Friends” to 3320 Woodling Way, Medina, OH 44256.
If you feel like you need additional financial information, please don’t hesitate to reach out. I’d be happy to have this discussion with you, friend.
Farming with Friends