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Nonprofiteer
← CALIFORNIA FARMLINK

Form 990 for tax year 2022

Filed by CALIFORNIA FARMLINK.

Totals

Total revenue
$3,481,187
Total expenses
$3,912,106
Contributions and grants received
$2,373,356
Grants paid
$0
Program service revenue
$1,080,507
Investment income
$27,324
Other revenue
$0
Total assets, end of year
$31,784,812
Total liabilities, end of year
$21,130,318
Net assets or fund balances, end of year
$10,654,494
Program services expenses (Part IX)
$2,706,399
Management and general expenses
$842,184
Fundraising expenses
$363,523
Program service expenses (Part III)
$2,706,399

Program services were 69.2% 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.

  • 1e · Government grants (contributions)

    $1,052,802

  • 1f · All other contributions, gifts and grants

    $1,320,554

  • 2a · Program service revenue: PROGRAM INTEREST INCOM

    total $734,081 · related or exempt $734,081

  • 2b · Program service revenue: PROGRAM FEE REVENUE

    total $330,945 · related or exempt $330,945

  • 2c · Program service revenue: PROGRAM REVENUE

    total $15,481 · related or exempt $15,481

  • 3 · Investment income

    total $27,324 · excluded $27,324

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $241,863 · program services $159,020 · management and general $55,785 · fundraising $27,058

  • 7 · Other salaries and wages

    total $1,667,316 · program services $1,096,224 · management and general $384,560 · fundraising $186,532

  • 8 · Pension plan contributions

    total $71,164 · program services $46,789 · management and general $16,414 · fundraising $7,961

  • 9 · Other employee benefits

    total $156,890 · program services $103,152 · management and general $36,186 · fundraising $17,552

  • 10 · Payroll taxes

    total $141,532 · program services $93,714 · management and general $31,432 · fundraising $16,386

  • 11b · Fees: legal

    total $25,587 · program services $2,612 · management and general $14,291 · fundraising $8,684

  • 11c · Fees: accounting

    total $40,810 · program services $4,166 · management and general $22,793 · fundraising $13,851

  • 11g · Fees: other

    total $495,694 · program services $415,546 · management and general $57,962 · fundraising $22,186

  • 12 · Advertising and promotion

    total $9,180 · program services $1,742 · management and general $1,431 · fundraising $6,007

  • 13 · Office expenses

    total $86,563 · program services $10,956 · management and general $53,818 · fundraising $21,789

  • 16 · Occupancy

    total $129,962 · program services $68,185 · management and general $60,751 · fundraising $1,026

  • 17 · Travel

    total $47,880 · program services $25,765 · management and general $15,118 · fundraising $6,997

  • 19 · Conferences, conventions and meetings

    total $40,117 · program services $5,484 · management and general $28,183 · fundraising $6,450

  • 20 · Interest

    total $292,266 · program services $292,266

  • 22 · Depreciation, depletion and amortization

    total $19,311 · program services $29 · management and general $19,282

  • 23 · Insurance

    total $28,451 · program services $355 · management and general $16,473 · fundraising $11,623

  • 24a · Other expenses: LOAN LOSS RESERVE

    total $222,322 · program services $222,322

  • 24b · Other expenses: COMPUTER AND IT EXPENSE

    total $128,109 · program services $108,267 · management and general $10,421 · fundraising $9,421

  • 24c · Other expenses: LOAN SERVICE FEES

    total $39,949 · program services $39,949

  • 24d · Other expenses: RECRUITING

    total $17,176 · management and general $17,176

  • 24e · All other expenses

    total $9,964 · program services $9,856 · management and general $108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,368,512 · end of year $4,580,899

  • 3 · Pledges and grants receivable

    beginning of year $1,294,499 · end of year $993,128

  • 7 · Other notes and loans receivable

    beginning of year $11,915,504 · end of year $15,339,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,677 · end of year $93,030

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

    $115,923

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

    $61,473

  • 10c · Land, buildings and equipment, net

    beginning of year $54,578 · end of year $54,450

  • 13 · Investments: program-related

    beginning of year $9,885,888 · end of year $10,559,618

  • 15 · Other assets

    beginning of year $0 · end of year $164,559

  • 17 · Accounts payable and accrued expenses

    beginning of year $498,213 · end of year $565,183

  • 19 · Deferred revenue

    beginning of year $1,241,198 · end of year $1,203,198

  • 24 · Unsecured notes and loans payable

    beginning of year $16,729,834 · end of year $19,194,880

  • 25 · Other liabilities

    beginning of year $0 · end of year $167,057

  • 27 · Net assets without donor restrictions

    beginning of year $6,547,766 · end of year $8,277,416

  • 28 · Net assets with donor restrictions

    beginning of year $4,537,647 · end of year $2,377,078

Mission and programs · 2022

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 AND LAND ACCESS.

  • FARM AND RANCH PROSPERITY LOAN PROGRAM - THIS PROGRAM IS SUPPORTED BY $634,046 IN GRANT FUNDING WITH $1,723,095 IN EXPENSES.FARMLINK'S FARM AND RANCH PROSPERITY LOAN PROGRAM PROVIDES FINANCING TO LOW-INCOME, UNDERSERVED, IMMIGRANT, AND BEGINNING AGRICULTURAL PRODUCERS AND FISHERS ACROSS CALIFORNIA. FARMLINK HAS BEEN CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) SINCE 2013 AND CONTINUES TO EXPAND ITS IMPACT, INCLUDING THE ACQUISITION IN 2021 OF A PORTFOLIO OF 15 FISHING BUSINESS LOANS FROM THE CDFI, COMMUNITY VISION. FARMLINK MADE 50 LOANS IN 2022 WITH AN AVERAGE LOAN SIZE OF $113,463. SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $1,723,095 · Revenue $1,065,026

  • LAND ACCESS AND FARM BUSINESS EDUCATION PROGRAMS - THESE PROGRAMS ARE SUPPORTED BY $768,197 IN GRANT FUNDING WITH $983,304 IN EXPENSES.FARMLINK'S LAND ACCESS AND FARM BUSINESS EDUCATION PROGRAMS PROVIDE ESSENTIAL TECHNICAL ASSISTANCE AND BUSINESS EDUCATION OPPORTUNITIES TO FARMERS, RANCHERS, AND FISHERS ACROSS THE STATE. THESE PROGRAMS INCLUDE ASSISTANCE WITH FINDING SUITABLE LAND FOR FARMING, LEASE ASSISTANCE, EXTENSIVE BUSINESS SKILLS PROGRAMS FOR SPANISH AND ENGLISH SPEAKING PRODUCERS IN THEIR FIRST 10 YEARS OF FARMING, AND A NEW PROGRAM TO ASSIST RETIRING FARMERS WITH CREATING SUCCESSION PLANS TO PASS THEIR FARM ASSETS AND BUSINESSES TO THE NEXT GENERATION. SEE SCHEDULE O FOR MORE INFORMATION.

    Expenses $983,304 · Revenue $15,481

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

Listed in Part VII

  • Marisa Alcorta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rob Hurlbut

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Chris Mittlesteadt

    PRESIDENT & CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristyn Leach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Larry Cretan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marsha Habib

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robin Bot-Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Meredith Storton

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mariela Cedeno

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shyam Kamath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wesley Van Camp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Kuyper

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Natalie Solares

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Reginald V Knox

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $165,710
    From this org
    $140,825
    From related orgs
    $0
    Other
    $24,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,825
    Bonus
    $0
    Other
    $0
    Deferred
    $8,666
    Nontaxable benefits
    $16,219
    Filer's total
    $165,710

  • Jonathan Harrison

    CFO

    Total calculated
    $76,153
    From this org
    $76,153
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Brett A Melone

    CHIEF BUSINESS STRATEGIES OFFICERS

    Total calculated
    $148,306
    From this org
    $138,510
    From related orgs
    $0
    Other
    $9,796
    Hours/week
    40

  • Nathan Weller

    DIRECTOR OF DEVELOPMENT AND IMPACT

    Total calculated
    $123,604
    From this org
    $106,487
    From related orgs
    $0
    Other
    $17,117
    Hours/week
    40

  • Tamela Hudson

    DIRECTOR OF LOAN ADMINISTRATION

    Total calculated
    $111,887
    From this org
    $104,066
    From related orgs
    $0
    Other
    $7,821
    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

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
2022
Filed
24 August 2023
IRS schema version
2022v5.0
Source object
202322419349300847

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