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← POTLIKKER CAPITAL

Form 990 for tax year 2023

Filed by POTLIKKER CAPITAL.

Totals

Total revenue
$2,499,126
Total expenses
$2,011,322
Contributions and grants received
$2,417,205
Grants paid
$148,500
Program service revenue
$38,196
Investment income
$43,725
Other revenue
$0
Total assets, end of year
$7,387,917
Total liabilities, end of year
$5,432,043
Net assets or fund balances, end of year
$1,955,874
Program services expenses (Part IX)
$1,457,641
Management and general expenses
$255,773
Fundraising expenses
$297,908
Program service expenses (Part III)
$1,457,641

Program services were 72.5% 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.

  • 1d · Related organizations

    $45,650

  • 1e · Government grants (contributions)

    $2,371,555

  • 2a · Program service revenue: PROGRAMMATIC INVESTMENT

    total $35,393 · related or exempt $35,393

  • 2b · Program service revenue: SERVICE REVENUE

    total $2,803 · related or exempt $2,803

  • 3 · Investment income

    total $43,725 · excluded $43,725

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $148,500 · program services $148,500

  • 5 · Compensation of officers, directors and key employees

    total $255,237 · program services $215,237 · management and general $10,000 · fundraising $30,000

  • 7 · Other salaries and wages

    total $449,875 · program services $221,218 · management and general $101,584 · fundraising $127,073

  • 9 · Other employee benefits

    total $89,242 · program services $55,330 · management and general $14,279 · fundraising $19,633

  • 10 · Payroll taxes

    total $62,031 · program services $38,459 · management and general $9,925 · fundraising $13,647

  • 11b · Fees: legal

    total $30,000 · program services $30,000

  • 11c · Fees: accounting

    total $22,363 · program services $13,865 · management and general $3,578 · fundraising $4,920

  • 11g · Fees: other

    total $498,060 · program services $449,747 · management and general $48,313

  • 12 · Advertising and promotion

    total $14,971 · program services $14,971

  • 13 · Office expenses

    total $21,101 · program services $13,083 · management and general $3,376 · fundraising $4,642

  • 14 · Information technology

    total $23,690 · program services $14,688 · management and general $3,790 · fundraising $5,212

  • 16 · Occupancy

    total $14,000 · program services $8,680 · management and general $2,240 · fundraising $3,080

  • 17 · Travel

    total $323,461 · program services $200,546 · management and general $51,754 · fundraising $71,161

  • 19 · Conferences, conventions and meetings

    total $20,824 · program services $10,412 · fundraising $10,412

  • 23 · Insurance

    total $36,944 · program services $22,905 · management and general $5,911 · fundraising $8,128

  • 24a · Other expenses: BANK FEES

    total $1,023 · management and general $1,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,893 · end of year $2,994,617

  • 2 · Savings and temporary cash investments

    end of year $2,036,876

  • 3 · Pledges and grants receivable

    beginning of year $1,477,703 · end of year $1,033,206

  • 5 · Loans and receivables from officers and key people

    beginning of year $3,504 · end of year $3,504

  • 9 · Prepaid expenses and deferred charges

    end of year $4,500

  • 13 · Investments: program-related

    beginning of year $795,590 · end of year $1,315,214

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,279 · end of year $44,543

  • 18 · Grants payable

    beginning of year $10,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,372,341 · end of year $5,387,500

  • 27 · Net assets without donor restrictions

    beginning of year $753,070 · end of year $1,955,874

  • 28 · Net assets with donor restrictions

    beginning of year $715,000

Mission and programs · 2023

Mission

POTLIKKER CAPITAL IS A FARM COMMUNITY GOVERNED CHARITABLE INTEGRATED CAPITAL FUND CREATED TO HOLISTICALLY SERVE BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) FARMERS IN AMERICA WHO OPERATE AT THE INTERSECTION OF RACIAL AND CLIMATE JUSTICE.

  • POTLIKKER CAPITAL IS A CHARITABLE LOAN FUND FOCUSED ON BUILDING RESILIENCY OF AGRICULTURAL COMMUNITIES, BELIEVES THAT BY PROVIDING CAPITAL, THROUGH BOTH BRIDGE LOANS AND COST SHARE LOANS, INTEGRATED ALONG WITH TECHNICAL ASSISTANCE, THEY WILL REDUCE AND ELIMINATE BARRIERS TO THE PROGRAM AND INCREASE ITS UTILIZATION BY DISADVANTAGED AGRICULTURAL PRODUCERS. POTLIKKER CAPITAL DEPLOYED 720 THOUSAND IN LOANS AND GRANTS TO PRODUCERS IN VARIOUS STATES ACROSS THE COUNTRY IN FORM OF BRIDGE AND TERM LOANS, PURCHASE ORDER FINANCING, DEBT REFINANCING, LINES OF CREDIT, AND EQUITY FINANCING.

    Expenses $1,457,641 · Grants $148,500 · Revenue $38,196

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Watson

    PRESIDENT/ C

    Total calculated
    $153,295
    From this org
    $153,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,295
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $153,295

  • Lolita Dunn

    DIR INVEST R

    Total calculated
    $127,073
    From this org
    $127,073
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Juan Escareno

    FIELD DIRECT

    Total calculated
    $110,246
    From this org
    $110,246
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Lisa Clotter

    MANAGING DIR

    Total calculated
    $101,942
    From this org
    $101,942
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leslie Carrere

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Jay Fossett

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Collie Graddick

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Konda Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vanessa Roanhorse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erika Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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

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

  • RSF SOCIAL FINANCE

    $75,000

    FUNDING FOR GRANTS

  • DELATERRE PERMACULTURE FARM LLC

    $25,000

    OPERATING EXPENSES

  • HO'OULU'U PUNALU'U FARMS

    $25,000

    OPERATING EXPENSES

  • EMERY FOODS

    $12,500

    TRUCK PURCHASE

  • SUAREZ STOCKYARDS LP

    $11,000

    PONDS AND IRRIGATION

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202433199349317318

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