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Nonprofiteer
← FARM RESCUE

Form 990 for tax year 2023

Filed by FARM RESCUE.

Totals

Total revenue
$2,589,119
Total expenses
$2,928,244
Contributions and grants received
$2,121,887
Grants paid
$0
Program service revenue
$119,946
Investment income
$203,523
Other revenue
$143,763
Total assets, end of year
$5,621,941
Total liabilities, end of year
$971,707
Net assets or fund balances, end of year
$4,650,234
Program services expenses (Part IX)
$2,635,030
Management and general expenses
$123,692
Fundraising expenses
$169,522
Program service expenses (Part III)
$2,635,030

Program services were 90.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,121,887

  • 2a · Program service revenue: PROGRAM EARNED INCOME

    total $119,946 · related or exempt $119,946

  • 3 · Investment income

    total $26,255 · excluded $26,255

  • 7a · Gross sales of assets other than inventory

    securities $2,991 · other assets $174,277

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $2,991 · other assets $174,277

  • 7d · Net gain or loss

    total $177,268 · related or exempt $174,277 · excluded $2,991

  • 8a · Fundraising events: gross income

    $137,705

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $137,705 · excluded $137,705

  • 11a · Other revenue: MISCELLANEOUS

    total $2,187 · excluded $2,187

  • 11b · Other revenue: REIMBURSEMENT

    total $2,091 · excluded $2,091

  • 11c · Other revenue: GIFT SHOP

    total $1,780 · excluded $1,780

  • 11e · Other revenue, total

    $6,058

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $620,754 · program services $425,001 · management and general $68,815 · fundraising $126,938

  • 8 · Pension plan contributions

    total $10,817 · program services $6,674 · management and general $1,802 · fundraising $2,341

  • 9 · Other employee benefits

    total $7,688 · program services $7,688

  • 10 · Payroll taxes

    total $50,170 · program services $34,349 · management and general $5,562 · fundraising $10,259

  • 11b · Fees: legal

    total $2,063 · management and general $2,063

  • 11c · Fees: accounting

    total $11,879 · management and general $11,879

  • 11g · Fees: other

    total $29,068 · program services $29,068

  • 12 · Advertising and promotion

    total $138,893 · program services $138,893

  • 13 · Office expenses

    total $47,641 · program services $30,665 · management and general $15,362 · fundraising $1,614

  • 14 · Information technology

    total $51,709 · program services $42,027 · management and general $4,511 · fundraising $5,171

  • 16 · Occupancy

    total $1,933 · management and general $1,933

  • 17 · Travel

    total $160,779 · program services $151,200 · management and general $9,579

  • 20 · Interest

    total $15,581 · program services $15,581

  • 22 · Depreciation, depletion and amortization

    total $950,093 · program services $948,611 · management and general $1,482

  • 23 · Insurance

    total $170,476 · program services $170,476

  • 24a · Other expenses: EQUIPMENT EXPENSES

    total $479,195 · program services $479,195

  • 24b · Other expenses: FUEL EXPENSE

    total $118,046 · program services $118,046

  • 24c · Other expenses: FUNDRAISING EXPENSES

    total $5,839 · fundraising $5,839

  • 24d · Other expenses: FARM EXPENSES

    total $1,937 · program services $1,937

  • 24e · All other expenses

    total $53,683 · program services $35,619 · management and general $704 · fundraising $17,360

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $698,026 · end of year $685,783

  • 2 · Savings and temporary cash investments

    beginning of year $928,707 · end of year $779,317

  • 3 · Pledges and grants receivable

    beginning of year $172,417 · end of year $24,999

  • 5 · Loans and receivables from officers and key people

    end of year $36,965

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,458 · end of year $17,300

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

    $7,304,217

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

    $3,226,640

  • 10c · Land, buildings and equipment, net

    beginning of year $3,914,698 · end of year $4,077,577

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,760 · end of year $15,951

  • 19 · Deferred revenue

    beginning of year $50,000 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $686,832 · end of year $955,756

  • 27 · Net assets without donor restrictions

    beginning of year $4,971,714 · end of year $4,650,234

Mission and programs · 2023

Mission

TO PROVIDE ASSISTANCE TO FARM FAMILIES THAT HAVE EXPERIENCED A MAJOR ILLNESS, INJURY OR AN ACT OF NATURE THAT HAS CAUSED UNDUE FINANCIAL HARDSHIP

  • ASSIST ELIGIBLE FARMERS IN PLANTING AND HARVESTING CURRENT CROP

    Expenses $2,635,030 · Revenue $294,223

As filed on the 2023 return.

Listed in Part VII

  • Rebecca Undem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7
  • Todd Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.7
  • Bill Gross

    PRESIDENT

    Total calculated
    $36,965
    From this org
    $36,965
    From related orgs
    $0
    Other
    $0
    Hours/week
    14
  • Jed Wall

    TREASURER

    Total calculated
    $0
    Hours/week
    10
  • Kyle Nelsen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    9.2
  • Shaun Sipma

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.9
  • Timothy Sullivan

    PAST EXECUTIVE DIRECTOR

    Total calculated
    $125,729
    From this org
    $125,729
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,542
    Bonus
    $17,187
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $125,729
  • Nate Clark

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    not reported

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

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

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
6 May 2025
IRS schema version
2023v6.0
Source object
202521269349303527

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