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Nonprofiteer
← NATIONAL BLACK FARMERS ASSOCIATION INCORPORATED

Form 990 for tax year 2023

Filed by NATIONAL BLACK FARMERS ASSOCIATION INCORPORATED.

Totals

Total revenue
$2,407,528
Total expenses
$1,580,577
Contributions and grants received
$2,407,528
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,330,455
Total liabilities, end of year
$103,342
Net assets or fund balances, end of year
$2,227,113
Program services expenses (Part IX)
$1,580,577
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,580,577

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $2,112,100

  • 1f · All other contributions, gifts and grants

    $295,428

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $25,800 · program services $25,800

  • 11c · Fees: accounting

    total $9,504 · program services $9,504

  • 11g · Fees: other

    total $270,098 · program services $270,098

  • 12 · Advertising and promotion

    total $2,788 · program services $2,788

  • 13 · Office expenses

    total $12,291 · program services $12,291

  • 14 · Information technology

    total $24,003 · program services $24,003

  • 16 · Occupancy

    total $263,177 · program services $263,177

  • 17 · Travel

    total $226,978 · program services $226,978

  • 20 · Interest

    total $1,394 · program services $1,394

  • 23 · Insurance

    total $64,875 · program services $64,875

  • 24a · Other expenses: BANK FEES

    total $3,835 · program services $3,835

  • 24b · Other expenses: BUSINESS LICENSE & REG FEES

    total $7,778 · program services $7,778

  • 24c · Other expenses: SUPPLIES

    total $10,010 · program services $10,010

  • 24d · Other expenses: POSTAGE AND PRINTING

    total $71,763 · program services $71,763

  • 24e · All other expenses

    total $586,283 · program services $586,283

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,590 · end of year $7,461

  • 8 · Inventories for sale or use

    beginning of year $180,007 · end of year $52,100

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

    $2,951,569

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

    $685,859

  • 10c · Land, buildings and equipment, net

    beginning of year $1,873,440 · end of year $2,265,710

  • 15 · Other assets

    beginning of year $5,184 · end of year $5,184

  • 24 · Unsecured notes and loans payable

    beginning of year $148,300 · end of year $103,342

  • 25 · Other liabilities

    beginning of year $14,916

  • 27 · Net assets without donor restrictions

    beginning of year $1,905,005 · end of year $2,227,113

Mission and programs · 2023

Mission

TO IMPROVE THE QUALITY OF LIFE IN RURAL COMMUNITIES THROUGH IMPROVED AGRICULTURAL OUTREACH, TECHNICAL ASSISTANCE, ACCESS TO CREDIT FOR SMALL FARMERS, FAMILY FARM BUSINESS DEVELOPMENT, FOOD DISTRIBUTION AND RURAL ECONOMIC DEVELOPMENT. THE NBFA VIEWS THESE OPPORTUNITIES AS A MEANS

  • THE ORGANIZATION HOSTED THE ANNUAL NATIONAL BLACK FARMERS ASSOCIATION CONFERENCE. THIS WAS A 2 DAY CONFERENCE WITH OVER 700 ATTENDEES.

    Expenses $1,580,577

As filed on the 2023 return.

Listed in Part VII

  • Ernest Lambert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Tequorra Green

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • John W Boyd Jr

    PRESIDENT AND CHAIRMAN

    Total calculated
    $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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349301778

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