Totals
- Total revenue
- $6,865,696
- Total expenses
- $6,464,460
- Contributions and grants received
- $4,881,697
- Grants paid
- $40,000
- Program service revenue
- $1,782,000
- Investment income
- $201,999
- Other revenue
- $0
- Total assets, end of year
- $41,959,071
- Total liabilities, end of year
- $26,850,431
- Net assets or fund balances, end of year
- $15,108,640
- Program services expenses (Part IX)
- $4,530,505
- Management and general expenses
- $742,373
- Fundraising expenses
- $1,191,582
- Program service expenses (Part III)
- $4,530,505
Program services were 70.1% 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.
-
1e · Government grants (contributions)
$1,976,496
-
1f · All other contributions, gifts and grants
$2,905,201
-
2a · Program service revenue: PROGRAM INTEREST INCOM
total $1,354,019 · related or exempt $1,354,019
-
2b · Program service revenue: PROGRAM FEE REVENUE
total $408,866 · related or exempt $408,866
-
2c · Program service revenue: PROGRAM REVENUE
total $19,115 · related or exempt $19,115
-
3 · Investment income
total $201,999 · excluded $201,999
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $40,000 · program services $40,000
-
5 · Compensation of officers, directors and key employees
total $753,388 · program services $473,040 · management and general $98,215 · fundraising $182,133
-
7 · Other salaries and wages
total $2,500,232 · program services $1,569,855 · management and general $325,942 · fundraising $604,435
-
8 · Pension plan contributions
total $77,733 · program services $48,807 · management and general $10,134 · fundraising $18,792
-
9 · Other employee benefits
total $276,021 · program services $173,309 · management and general $35,983 · fundraising $66,729
-
10 · Payroll taxes
total $233,523 · program services $146,625 · management and general $30,443 · fundraising $56,455
-
11b · Fees: legal
total $33,677 · program services $23,128 · management and general $6,398 · fundraising $4,151
-
11c · Fees: accounting
total $82,236 · program services $56,476 · management and general $15,624 · fundraising $10,136
-
11g · Fees: other
total $1,155,134 · program services $1,015,525 · management and general $78,735 · fundraising $60,874
-
12 · Advertising and promotion
total $20,768 · program services $2,670 · fundraising $18,098
-
13 · Office expenses
total $90,204 · program services $55,350 · management and general $13,153 · fundraising $21,701
-
16 · Occupancy
total $149,003 · program services $91,693 · management and general $21,362 · fundraising $35,948
-
17 · Travel
total $125,268 · program services $95,663 · management and general $12,990 · fundraising $16,615
-
19 · Conferences, conventions and meetings
total $69,727 · program services $42,980 · management and general $10,319 · fundraising $16,428
-
20 · Interest
total $356,157 · program services $356,157
-
22 · Depreciation, depletion and amortization
total $24,622 · program services $15,237 · management and general $3,408 · fundraising $5,977
-
23 · Insurance
total $45,570 · program services $28,194 · management and general $6,323 · fundraising $11,053
-
24a · Other expenses: COMPUTER AND IT EXPENSE
total $253,863 · program services $156,708 · management and general $35,717 · fundraising $61,438
-
24b · Other expenses: PROGRAM INCENTIVES
total $119,125 · program services $119,125
-
24c · Other expenses: RECRUITING
total $62,525 · program services $24,279 · management and general $37,627 · fundraising $619
-
24d · Other expenses: LOAN SERVICE FEES
total $22,302 · program services $22,302
-
24e · All other expenses
total -$26,618 · program services -$26,618
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,581,069 · end of year $4,255,410
-
3 · Pledges and grants receivable
beginning of year $2,678,956 · end of year $2,982,016
-
7 · Other notes and loans receivable
beginning of year $21,213,805 · end of year $29,694,944
-
9 · Prepaid expenses and deferred charges
beginning of year $457,754 · end of year $534,245
-
10a · Land, buildings and equipment: cost or other basis
$287,239
-
10b · Land, buildings and equipment: accumulated depreciation
$68,638
-
10c · Land, buildings and equipment, net
beginning of year $46,337 · end of year $218,601
-
13 · Investments: program-related
beginning of year $9,302,279 · end of year $3,720,282
-
15 · Other assets
beginning of year $116,171 · end of year $553,573
-
17 · Accounts payable and accrued expenses
beginning of year $772,467 · end of year $1,138,643
-
19 · Deferred revenue
beginning of year $1,165,198 · end of year $1,161,289
-
24 · Unsecured notes and loans payable
beginning of year $21,424,796 · end of year $24,134,344
-
25 · Other liabilities
beginning of year $326,506 · end of year $416,155
-
27 · Net assets without donor restrictions
beginning of year $8,237,570 · end of year $9,764,163
-
28 · Net assets with donor restrictions
beginning of year $6,469,834 · end of year $5,344,477
Mission and programs · 2024
Mission
AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, WE INVEST IN THE PROSPERITY AND WELL-BEING OF FARMERS, RANCHERS, AND FISHERS WHO HAVE LIMITED ACCESS TO FINANCIAL RESOURCES. SEE SCHEDULE O FOR MORE INFORMATION.
Activities or mission (Part I)
INVEST IN THE PROSPERITY OF FARMERS, RANCHERS & FISHERS THROUGH LENDING, EDUCATION & LAND ACCESS
-
FARMLINK'S LENDING PROGRAM PROVIDES FLEXIBLY STRUCTURED FINANCING TO UNDERSERVED, LOW-INCOME, BEGINNING FARMERS, RANCHERS AND FISHERS ACROSS CALIFORNIA FOR OPERATING, EQUIPMENT AND LAND PURCHASE LOANS. THIS PROGRAM SERVES BORROWERS WHO WOULD OTHERWISE HAVE A DIFFICULT TIME SECURING FINANCING DUE TO LIMITED HISTORY AS ENTREPRENEURS, LIMITED TRADITIONAL CAPITAL, LITTLE OR NO CREDIT HISTORY, SMALL LOAN SIZE, LANGUAGE BARRIERS, OR NON-TRADITIONAL MARKETING AND BUSINESS MODELS. IN 2024, FARMLINK ORIGINATED 40 LOANS ($13,388,874 IN TOTAL VOLUME) WITH AN AVERAGE SIZE OF $334,721.
Expenses $2,121,871 · Grants $40,000 · Revenue $1,762,885
-
LAND AND BUSINESS (LAB) PROGRAMS. THERE ARE THREE RELATED LAND AND BUSINESS PROGRAMS: EQUITY AND CONSERVATION ON WORKING LANDS (ECWL), RESILIENCE AND WEALTH BUILDING (RWB) AND BUSINESS AND INNOVATION (B&I). IN 2024, FARMLINK STAFF PROVIDED DIRECT, INDIVIDUAL TECHNICAL ASSISTANCE TO 313 FARMERS AND RANCHERS ACROSS THESE PROGRAMS. THROUGHOUT ITS PROGRAMMING, FARMLINK EMPLOYS THE "CLIENT JOURNEY", A CLIENT-CENTRIC SERVICE PHILOSOPHY TO HARNESS THE ORGANIZATIONAL PILLARS OF LAND, CAPITAL AND EDUCATION TOWARD THE OVERALL GOAL OF BUSINESS STABILITY, OPERATIONAL ADVANCEMENT, AND OVERALL RISK MANAGEMENT OF THE ORGANIZATION'S GROWING OUTSTANDING LOAN PORTFOLIO.
Expenses $2,408,634 · Revenue $19,115
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris MittlesteadtCHRIS MITTLESTEADT
PRESIDENT & CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rob HurlbutROB HURLBUT
BOARD TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Meredith StortonMEREDITH STORTON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Marisa AlacortaMARISA ALACORTA
BOARD MEMBER
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Larry CretanLARRY CRETAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shyam KamathSHYAM KAMATH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robin Bot-MillerROBIN BOT-MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wesley Van CampWESLEY VAN CAMP
BOARD MEMBER
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jennifer KuyperJENNIFER KUYPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alicia Peman-DupierALICIA PEMAN-DUPIER
BOARD MEMBER
- Total calculated
- $1,000
- From this org
- $1,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Pablo SolaresPABLO SOLARES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Reginald V KnoxREGINALD V KNOX
CHIEF EXECUTIVE OFFICER
- Total calculated
- $269,468
- From this org
- $212,966
- From related orgs
- $0
- Other
- $56,502
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $212,966
- Bonus
- $0
- Other
- $0
- Deferred
- $12,678
- Nontaxable benefits
- $43,824
- Filer's total
- $269,468
-
Jonathan HarrisonJONATHAN HARRISON
CFO
- Total calculated
- $99,043
- From this org
- $99,043
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10
-
Brett A MeloneBRETT A MELONE
CHIEF CREDIT OFFICER
- Total calculated
- $215,498
- From this org
- $158,589
- From related orgs
- $0
- Other
- $56,909
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,589
- Bonus
- $0
- Other
- $0
- Deferred
- $10,189
- Nontaxable benefits
- $46,720
- Filer's total
- $215,498
-
Nathan WellerNATHAN WELLER
DIRECTOR, DEVELOPMENT AND IMPACT
- Total calculated
- $166,380
- From this org
- $155,278
- From related orgs
- $0
- Other
- $11,102
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,278
- Bonus
- $0
- Other
- $0
- Deferred
- $4,719
- Nontaxable benefits
- $6,383
- Filer's total
- $166,380
-
Tina CosentinoTINA COSENTINO
CHIEF OPERATIONS OFFICER
- Total calculated
- $161,867
- From this org
- $137,259
- From related orgs
- $0
- Other
- $24,608
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,259
- Bonus
- $0
- Other
- $0
- Deferred
- $4,652
- Nontaxable benefits
- $19,956
- Filer's total
- $161,867
-
Tamela HudsonTAMELA HUDSON
DIRECTOR OF LOAN OPERATIONS
- Total calculated
- $131,624
- From this org
- $123,198
- From related orgs
- $0
- Other
- $8,426
- Hours/week
- 40
-
Noah StrouseNOAH STROUSE
LOAN OFFICER & STRATEGIC INITIATIVES MANAGER
- Total calculated
- $112,200
- From this org
- $103,612
- From related orgs
- $0
- Other
- $8,588
- Hours/week
- 40
-
Jane GarciaJANE GARCIA
DIRECTOR OF LENDING
- Total calculated
- $131,886
- From this org
- $101,584
- From related orgs
- $0
- Other
- $30,302
- 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. 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 · Independent compensation consultant
- 3 · Compensation survey or study
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533029349302718
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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