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← FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND

Form 990 for tax year 2022

Filed by FEDERATION OF SOUTHERN COOPERATIVES LAND ASSISTANCE FUND.

Totals

Total revenue
$6,281,834
Total expenses
$5,743,636
Contributions and grants received
$5,743,167
Grants paid
$0
Program service revenue
$330,366
Investment income
$12,500
Other revenue
$195,801
Total assets, end of year
$9,421,446
Total liabilities, end of year
$1,512,178
Net assets or fund balances, end of year
$7,909,268
Program services expenses (Part IX)
$4,491,457
Management and general expenses
$1,252,179
Fundraising expenses
$0
Program service expenses (Part III)
$4,491,457

Program services were 78.2% 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

    $12,327

  • 1e · Government grants (contributions)

    $2,818,537

  • 1f · All other contributions, gifts and grants

    $2,912,303

  • 2a · Program service revenue: PROGRAM REVENUE

    total $36,195 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: MANAGEMENT INCOME

    total $294,171 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $12,500 · unrelated business $0 · excluded $12,500

  • 6a · Gross rents

    real property $152,108

  • 6c · Rental income or loss

    real property $152,108

  • 6d · Net rental income or loss

    total $152,108 · related or exempt $152,108

  • 11a · Other revenue: OTHER INCOME

    total $43,693 · related or exempt $43,693 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $43,693

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,500 · program services $102,000 · management and general $25,500 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $1,677,417 · program services $1,341,934 · management and general $335,483 · fundraising $0

  • 8 · Pension plan contributions

    total $14,333 · program services $0 · management and general $14,333 · fundraising $0

  • 9 · Other employee benefits

    total $406,126 · program services $306,836 · management and general $99,290 · fundraising $0

  • 10 · Payroll taxes

    total $138,076 · program services $110,461 · management and general $27,615 · fundraising $0

  • 11a · Fees: management

    total $900,998 · program services $900,998 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $635,041 · program services $635,041 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $74,381 · program services $0 · management and general $74,381 · fundraising $0

  • 12 · Advertising and promotion

    total $3,609 · program services $0 · management and general $3,609 · fundraising $0

  • 13 · Office expenses

    total $95,449 · program services $0 · management and general $95,449 · fundraising $0

  • 16 · Occupancy

    total $262,473 · program services $262,473 · management and general $0 · fundraising $0

  • 17 · Travel

    total $471,078 · program services $443,562 · management and general $27,516 · fundraising $0

  • 20 · Interest

    total $28,880 · program services $28,880 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $52,781 · program services $52,781 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $82,845 · program services $0 · management and general $82,845 · fundraising $0

  • 24a · Other expenses: ADMINSTRATIVE COSTS

    total $294,171 · program services $0 · management and general $294,171 · fundraising $0

  • 24b · Other expenses: TRAINING & WORKSHOPS

    total $104,398 · program services $104,398 · management and general $0 · fundraising $0

  • 24c · Other expenses: SUPPLIES

    total $36,201 · program services $36,201 · management and general $0 · fundraising $0

  • 24d · Other expenses: PRINTING

    total $16,303 · program services $16,303 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $321,576 · program services $149,589 · management and general $171,987 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,203,413 · end of year $5,084,249

  • 3 · Pledges and grants receivable

    beginning of year $812,886 · end of year $2,210,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,379 · end of year $28,157

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

    $2,869,131

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

    $2,019,342

  • 10c · Land, buildings and equipment, net

    beginning of year $730,131 · end of year $849,789

  • 11 · Investments: publicly traded securities

    beginning of year $74,272 · end of year $74,272

  • 13 · Investments: program-related

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,465 · end of year $572,130

  • 23 · Secured mortgages and notes payable

    beginning of year $1,221,030 · end of year $940,048

  • 27 · Net assets without donor restrictions

    beginning of year $7,221,723 · end of year $7,909,268

Mission and programs · 2022

Mission

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

  • RURAL COOPERATIVE DEVELOPMENT - PROVIDING TECHNICAL ASSISTANCE TO RURAL COOPERATIVE DEVELOPMENT PROGRAMS FOR THE IMPROVEMENT OF ECONOMIC CONDITIONS OF LOW INCOME MINORITY FARMERS, RANCHERS, AND OTHER RESIDENTS LIVING IN RURAL, UNDER RESOURCED COMMUNITIES IN ALABAMA.

    Expenses $4,491,457 · Revenue $526,167

  • USDA NRCS ELIGIBILITY - TO INCREASE NRCS OUTREACH TO HISTORICALLY UNDERSERVED FARMERS AND RANCHERS. THIS INCLUDES ENSURING UNDERSERVED FARMERS AND LANDOWNERS TO HAVE ACCESS TO AND UNDERSTAND THE CONSERVATION BENEFITS DERIVED FROM PARTICIPATION IN NRCS' CONSERVATION PROGRAMS AND SERVICES.

  • USDA NRCS CLEVELAND - TO INCREASE NRCS OUTREACH TO HISTORICALLY UNDERSERVED FARMERS AND COMMUNITIES IN CLEVELAND, OHIO. THIS INCLUDES ENSURING UNDERSERVED FARMERS AND LANDOWNERS TO HAVE ACCESS TO AND UNDERSTAND THE CONSERVATION BENEFITS DERIVED FROM PARTICIPATION IN NRCS CONSERVATION PROGRAMS AND SERVICES.

  • VARIOUS OURTEACH PROGRAMS & EDUCATIONAL PROGRAMS

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

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
    $127,562
    From this org
    $127,562
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 July 2024
IRS schema version
2022v5.0
Source object
202401979349301225

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