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Black Farmer Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 842310349 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Black Farmer Fund Inc?

Black Farmer Fund Inc is a nonprofit organization situated in New York City, specifically at 228 Park Avenue South, with a focus on community development and well-being. Their primary mission is to empower and invest in Black agricultural businesses in the Northeast region. By fostering a thriving and resilient food system, they aim to support Black food systems entrepreneurs and communities, thereby contributing to the overall betterment and equity of the region's food systems. With a team of 11 dedicated individuals, Black Farmer Fund Inc is committed to making a significant impact in the Northeastern United States.


Official website here: www.blackfarmerfund.org

Is Black Farmer Fund Inc legitimate?

Black Farmer Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Farmer Fund Inc 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: $133,313
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,373

For more financial information, click here


Official website here: www.blackfarmerfund.org

What is the mission statement of Black Farmer Fund Inc?

Black Farmer Fund Inc's mission is centered around creating a prosperous and resilient food system. They achieve this by investing in entrepreneurial endeavors and communities within the Northeast that are focused on Black food systems. This mission aims to foster community wealth and health by supporting Black agricultural businesses in the region. The organization's goal is to contribute to a more equitable food system, thereby fostering growth and sustainability in this sector.


Official website here: www.blackfarmerfund.org

Who is the CEO of Black Farmer Fund Inc?

Olivia Watkins is the Board Member of Black Farmer Fund Inc.


Official website here: www.blackfarmerfund.org

What is the revenue of Black Farmer Fund Inc?

Black Farmer Fund Inc's revenue in 2022 was $5,574,978.


Official website here: www.blackfarmerfund.org

Who are the executives of Black Farmer Fund Inc and what are their salaries?

The average compensation at Black Farmer Fund Inc during 2022 was $73,699. There are 11 employees and 50 volunteers at Black Farmer Fund Inc.

Here are 6 key members and their salaries:

    Olivia Watkins (President/Treasurer)
  • Compensation: $140,705
  • Related: $0
  • Other: $0

    • Rhyston Mays (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Washington (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Onika Abraham (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Victoria Van Amson (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mekaelia Davis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.blackfarmerfund.org

    Where can I find the form 990 for Black Farmer Fund Inc?

    The Black Farmer Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.blackfarmerfund.org

    Learn more at the official website: www.blackfarmerfund.org

    Mission Statement of Black Farmer Fund Inc

    Black Farmer Fund Inc is committed to establishing a flourishing, resilient, and equitable food system by investing in entrepreneurial ventures and communities within the Northeast that are focused on Black food systems. Their mission is centered around building community wealth and health by supporting Black agricultural businesses in the region. By investing in these enterprises, Black Farmer Fund Inc aims to contribute to the development of a sustainable and inclusive food system, ensuring that Black communities have the resources and opportunities they need to thrive.

    Impact

    This information is meant to be a general summary of Black Farmer Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Black Farmer Fund Inc's impact is seen in its contribution to building community wealth and health by investing in Black agricultural businesses in the Northeast. Through its mission, the organization aims to create a thriving, resilient, and equitable food system by supporting Black food systems entrepreneurs and communities. This investment in Black agricultural businesses not only empowers these entrepreneurs but also helps foster a more inclusive and sustainable food system in the region, ultimately benefiting the overall community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $12,684
  • Program Service Revenue: $2,378
  • Gross Receipts: $5,574,978

    • Assets and Liabilities:
  • Total Assets: $6,823,672
  • Total Liabilities: $100,732
  • Net Assets: $6,722,940
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SERVICE INCOME

    Revenue

    $2,378

    Organization Details

    Founding Year

    2019

    Principal Officer

    Olivia Watkins

    Main Address

    228 PARK AVENUE S 38732, NEW YORK, NY, 100031502

    NTEE Category

    Code: S43 - Community improvement

    If you are a representative of Black Farmer Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.