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← FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND

Form 990 for tax year 2023

Filed by FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND.

Totals

Total revenue
$7,527,706
Total expenses
$6,329,037
Contributions and grants received
$6,582,532
Grants paid
$0
Program service revenue
$899,246
Investment income
$45,928
Other revenue
$0
Total assets, end of year
$9,174,083
Total liabilities, end of year
$1,270,565
Net assets or fund balances, end of year
$7,903,518
Program services expenses (Part IX)
$4,034,602
Management and general expenses
$2,294,435
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 63.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $27,306

  • 1e · Government grants (contributions)

    $2,313,339

  • 1f · All other contributions, gifts and grants

    $4,241,887

  • 2a · Program service revenue: PROGRAM REVENUE

    total $36,884 · related or exempt $36,884

  • 2b · Program service revenue: MANAGEMENT INCOME

    total $278,778 · related or exempt $278,778

  • 2c · Program service revenue: OTHER INCOME SALES

    total $68,431 · related or exempt $68,431

  • 2d · Program service revenue: ALL OTHER PROGRAM SERVICE REVENUE

    total $515,153 · related or exempt $515,153

  • 3 · Investment income

    total $45,928 · related or exempt $45,928

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,810,417 · program services $1,159,000 · management and general $651,417

  • 9 · Other employee benefits

    total $650,365 · program services $405,650 · management and general $244,715

  • 10 · Payroll taxes

    total $123,088 · program services $71,373 · management and general $51,715

  • 13 · Office expenses

    total $95,051 · program services $41,853 · management and general $53,198

  • 17 · Travel

    total $612,455 · program services $315,722 · management and general $296,733

  • 24a · Other expenses: CONTRACT LABOR

    total $896,023 · program services $694,294 · management and general $201,729

  • 24b · Other expenses: PROFESSIONAL FEES

    total $709,422 · program services $649,474 · management and general $59,948

  • 24c · Other expenses: OTHER EXPENSES

    total $191,117 · program services $191,117

  • 24d · Other expenses: INDIRECT COST

    total $278,776 · program services $278,465 · management and general $311

  • 24e · All other expenses

    total $962,323 · program services $227,654 · management and general $734,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,203,413 · end of year $4,700,132

  • 3 · Pledges and grants receivable

    end of year $382,162

  • 4 · Accounts receivable

    beginning of year $812,886 · end of year $1,837,307

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,379 · end of year $49,921

  • 10a · Land, buildings and equipment: cost or other basis

    $2,904,728

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,028,709

  • 10c · Land, buildings and equipment, net

    beginning of year $730,131 · end of year $876,019

  • 11 · Investments: publicly traded securities

    beginning of year $74,272

  • 13 · Investments: program-related

    beginning of year $1,174,137 · end of year $1,328,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,465 · end of year $343,875

  • 23 · Secured mortgages and notes payable

    beginning of year $1,221,030 · end of year $926,690

  • 27 · Net assets without donor restrictions

    beginning of year $7,221,723 · end of year $7,083,207

  • 28 · Net assets with donor restrictions

    end of year $820,311

Mission and programs · 2023

Mission

TO BE A CATALYST FOR THE DEVELOPMENT OF SELF SUPPORTING COMMUNITIES THROUGH COOPERATIVE DEVELOPMENT, LAND RETENTION, AND OTHER INITIATIVES THAT INCREASE INCOME.

Activities or mission (Part I)

DEVELOPMENT OF SELF SUPPORTING COMMUNITIES THROUGH COOPERATIVE DEVELOPMENT, LAND RETENTION, AND OTHER INITIATIVES THAT INCREASE INCOME.

  • TO BE A CATALYST FOR THE DEVELOPMENT OF SELF SUPPORTING COMMUNITIES THROUGH COOPERATIVE DEVELOPMENT, LAND RETENTION, AND OTHER INITIATIVES THAT INCREASE INCOME.

As filed on the 2023 return.

Listed in Part VII

  • Raymond Olds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Helen Fields

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carrie Fulghum

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Satina James

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel Bustamante

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shirley Blakley

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Cornelius Blanding

    EXECUTIVE DIRECTOR

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 October 2025
IRS schema version
2023v6.0
Source object
202512859349300311

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