Skip to content
Nonprofiteer
← BLACK FARMER FUND INC

Form 990 for tax year 2022

Filed by BLACK FARMER FUND INC.

Totals

Total revenue
$5,574,978
Total expenses
$1,764,609
Contributions and grants received
$5,558,616
Grants paid
$209,062
Program service revenue
$2,378
Investment income
$12,684
Other revenue
$1,300
Total assets, end of year
$6,823,672
Total liabilities, end of year
$100,732
Net assets or fund balances, end of year
$6,722,940
Program services expenses (Part IX)
$975,930
Management and general expenses
$678,079
Fundraising expenses
$110,600
Program service expenses (Part III)
$975,930

Program services were 55.3% 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

    $5,558,616

  • 2a · Program service revenue: SERVICE INCOME

    total $2,378 · related or exempt $2,378

  • 3 · Investment income

    total $12,684 · excluded $12,684

  • 11a · Other revenue: OTHER INCOME

    total $1,300 · related or exempt $1,300

  • 11e · Other revenue, total

    $1,300

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $199,062 · program services $199,062

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 5 · Compensation of officers, directors and key employees

    total $133,313 · program services $39,994 · management and general $66,656 · fundraising $26,663

  • 7 · Other salaries and wages

    total $677,373 · program services $397,092 · management and general $249,258 · fundraising $31,023

  • 8 · Pension plan contributions

    total $17,963 · program services $9,999 · management and general $6,961 · fundraising $1,003

  • 9 · Other employee benefits

    total $108,861 · program services $60,599 · management and general $42,184 · fundraising $6,078

  • 10 · Payroll taxes

    total $74,847 · program services $41,665 · management and general $29,003 · fundraising $4,179

  • 11g · Fees: other

    total $169,636 · program services $33,555 · management and general $136,081

  • 13 · Office expenses

    total $71,616 · program services $11,726 · management and general $59,423 · fundraising $467

  • 17 · Travel

    total $60,566 · program services $31,678 · management and general $28,226 · fundraising $662

  • 22 · Depreciation, depletion and amortization

    total $256 · management and general $256

  • 23 · Insurance

    total $6,369 · management and general $6,369

  • 24a · Other expenses: PROGRAM EXPENSES

    total $122,934 · program services $122,934

  • 24b · Other expenses: MEETINGS AND RETREATS

    total $57,095 · program services $25 · management and general $16,545 · fundraising $40,525

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $28,777 · program services $5,696 · management and general $23,081 · fundraising $0

  • 24d · Other expenses: COMMUNICATIONS

    total $14,356 · program services $11,905 · management and general $2,451

  • 24e · All other expenses

    total $11,585 · management and general $11,585

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,657,786 · end of year $698,849

  • 2 · Savings and temporary cash investments

    beginning of year $304,411 · end of year $5,367,306

  • 3 · Pledges and grants receivable

    beginning of year $777,000 · end of year $560,250

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

    $931

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

    $256

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $675

  • 11 · Investments: publicly traded securities

    beginning of year $104,189 · end of year $195,179

  • 15 · Other assets

    beginning of year $2,344 · end of year $1,413

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,136 · end of year $100,732

  • 27 · Net assets without donor restrictions

    beginning of year $1,932,594 · end of year $2,835,107

  • 28 · Net assets with donor restrictions

    beginning of year $892,000 · end of year $3,887,833

Mission and programs · 2022

Mission

THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.

Activities or mission (Part I)

THE MISSION OF BLACK FARMER FUND IS TO CREATE A THRIVING, RESILIENT, AND EQUITABLE FOOD SYSTEM BY INVESTING IN BLACK FOOD SYSTEMS ENTREPRENEURS AND COMMUNITIES IN THE NORTHEAST.

  • THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.

    Expenses $975,930 · Grants $209,062 · Revenue $2,378

As filed on the 2022 return.

Listed in Part VII

  • Rhyston Mays

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Washington

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Onika Abraham

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Victoria Van Amson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mekaelia Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Olivia Watkins

    PRESIDENT/TREASURER

    Total calculated
    $140,705
    From this org
    $140,705
    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

  • NORTHEAST FARMERS OF COLOR LAND TRUST

    $48,500

    ECOSYSTEM GRANT

  • LIBERATION FARM

    $15,000

    RAPID RESPONSE FUND

  • BIG DREAM FARM

    $15,000

    RAPID RESPONSE FUND

  • SWEET FREEDOM FARM

    $13,780

    RAPID RESPONSE FUND

  • TRINITY FARM

    $10,000

    EMERGENCY SUPPORT FUND

  • ROCKY ACRES COMMUNITY FARM

    $10,000

    EMERGENCY SUPPORT FUND

  • FARM FRESH CARIBBEAN

    $10,000

    EMERGENCY SUPPORT FUND

  • 716 CBD

    $10,000

    EMERGENCY SUPPORT FUND

  • BIG DREAM FARM

    $10,000

    EMERGENCY SUPPORT FUND

  • ROOT LIFE LLC

    $10,000

    RAPID RESPONSE FUND

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349302714

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.