Overview
What is New Markets Lab?
New Markets Lab (NML) is a nonprofit organization headquartered in Washington, D.C. Its mission is geared towards promoting sustainable and equitable commercial agriculture in Africa, particularly along its development corridors, with the ultimate aim of enhancing the income of small farmers and integrating them into a competitive global agricultural market. To achieve this objective, NML collaborates with various organizations, leveraging law and regulation as a tool for economic and social development. In 2022, NML worked on several projects, including partnering with Catholic Relief Services to bridge informal and formal seed sectors and aligning national seed laws with regional regulations through the Improved Regional Seed Trade project. Additionally, NML collaborated with Michigan State University and the African Fertilizer and Agribusiness Partnership to improve fertilizer policies and regulatory frameworks in Africa. Overall, NML's initiatives aim to create a more inclusive and equitable agricultural sector for small farmers in Africa.
Official website here: www.newmarketslab.org
Is New Markets Lab legitimate?
New Markets Lab is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Markets Lab submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $240,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,700
For more financial information, click here
Official website here: www.newmarketslab.org
What is the mission statement of New Markets Lab?
New Markets Lab is organized with a charitable and educational purpose, aiming to advance sustainable and equitable commercial agriculture along Africa's "development corridors." Their goal is to significantly improve the income of small farmers and integrate them into a dynamic, internationally competitive agricultural sector. The organization leverages law and regulation as a tool to foster economic and social development in an evolving global market. In 2022, they collaborated with various organizations to further their mission, including projects focused on seed systems, fertilizer policies, and regional seed law alignment. Their work aims to enhance the agricultural sector, ultimately benefiting small farmers and communities in Africa.
Official website here: www.newmarketslab.org
What is the revenue of New Markets Lab?
Who are the executives of New Markets Lab and what are their salaries?
The average compensation at New Markets Lab during 2022 was $144,850. There are 2 employees and 30 volunteers at New Markets Lab.
Here are 4 key members and their salaries:
- Katrin Kuhlmann (President & Dir) [Trustee/Director]
- Scott Westfahl (Director)
- Susan Sechler (Director)
- Marjorie Florestal (Director)
Official website here: www.newmarketslab.org
Where can I find the form 990 for New Markets Lab?
The New Markets Lab’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.newmarketslab.org
Learn more at the official website: www.newmarketslab.org
Mission Statement of New Markets Lab
New Markets Lab, a charitable and educational organization, is dedicated to advancing sustainable and equitable commercial agriculture along Africa's "development corridors." Their mission is to improve the income of small farmers and integrate them into a dynamic, internationally competitive agricultural sector. By doing so, they aim to catalyze economic and social development in an evolving global market. The corporation leverages law and regulation as a tool to achieve this goal, focusing on policy design, system efficiency, legal and regulatory gateways, stakeholder engagement, and system effectiveness. New Markets Lab collaborates with various organizations, including Agri Experience Ltd, Catholic Relief Services, Alliance for a Green Revolution in Africa, Michigan State University, the African Fertilizer and Agribusiness Partnership, Syngenta Foundation for Sustainable Agriculture, Initiative for Free Trade, International Economic Consulting Limited, and the International Food Policy Research Institute, to achieve its mission and promote sustainable agricultural growth in Africa.
Impact
This information is meant to be a general summary of New Markets Lab. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
New Markets Lab has made a significant impact in advancing the spread of sustainable and equitable commercial agriculture in Africa. By partnering with various organizations such as Agri Experience Ltd, Catholic Relief Services, Alliance for a Green Revolution in Africa, Michigan State University, and others, New Markets Lab has been instrumental in designing legal, regulatory, and policy approaches to improve the income of small farmers and integrate them into a dynamic agricultural sector. Their work has contributed to the development of national and regional seed laws, regulatory frameworks, and capacity building initiatives that aim to enhance seed systems, facilitate trade, and support smallholder farmers in accessing improved agricultural technologies. Through collaboration and expertise in law and regulation, New Markets Lab is playing a vital role in fostering sustainable agricultural development and economic growth in Africa.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES
Organization Details
Founding Year
2010
Phone
(202) 309-5564
Main Address
200 Massachusetts Ave NW Ste 700, WASHINGTON, DC, 20001
Website
www.newmarketslab.org
NTEE Category
Code: P84 - Human services
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