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← NATIVE AGRICULTURE FINANCIAL SERVICES

Form 990 for tax year 2023

Filed by NATIVE AGRICULTURE FINANCIAL SERVICES.

Totals

Total revenue
$12,158,628
Total expenses
$466,284
Contributions and grants received
$12,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$158,628
Other revenue
$0
Total assets, end of year
$12,337,174
Total liabilities, end of year
$644,830
Net assets or fund balances, end of year
$11,692,344
Program services expenses (Part IX)
$0
Management and general expenses
$466,284
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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

    $12,000,000

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $158,628 · excluded $158,628

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $339,599 · management and general $339,599

  • 9 · Other employee benefits

    total $20,656 · management and general $20,656

  • 10 · Payroll taxes

    total $13,296 · management and general $13,296

  • 11c · Fees: accounting

    total $2,900 · management and general $2,900

  • 11g · Fees: other

    total $36,000 · program services $0 · management and general $36,000 · fundraising $0

  • 12 · Advertising and promotion

    total $1,650 · management and general $1,650

  • 13 · Office expenses

    total $12,848 · management and general $12,848

  • 16 · Occupancy

    total $1,430 · management and general $1,430

  • 17 · Travel

    total $37,273 · management and general $37,273

  • 23 · Insurance

    total $632 · management and general $632

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $508,970

  • 2 · Savings and temporary cash investments

    end of year $11,776,844

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $25,100

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $26,260

  • 17 · Accounts payable and accrued expenses

    end of year $69,967

  • 19 · Deferred revenue

    end of year $550,000

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $24,863

  • 27 · Net assets without donor restrictions

    end of year $10,692,344

  • 28 · Net assets with donor restrictions

    end of year $1,000,000

Mission and programs · 2023

Mission

To serve the capital access and educational needs of farmers and ranchers, and other food and agriculture-related entities, among Native American communities.

  • NAFS will provide capital access and related services to support and promote Native American's continued engagement in agriculture and enhance their involvement in activities that further intergenerational sustainability of Native communities. NAFS will also enhance philanthropic efforts that support capital access and will engage with others focused on encouraging food security and agriculture in Native communities. b. This activity will be carried out by the employees and leadership of NAFS, their consultants, and their partner and collaborative organizations. c. NAFS will serve the agriculture sector of what is known as Indian Country, which spans across all states of the United States. According to the most recent Census of Agriculture, there are at least 80,000 plus Native farmers and ranchers, fishers and silviculturists in some of the most remote communities in rural America. d. 75 percent of the NAFS's time is focused on capital access and fundraising to secure capital for to support Native agriculture. e. All NAFS' activities will be funded through donations, grants, and agreements for services, and 75 percent of NAFS's overall expenses are allocated to this activity. f. This activity furthers NAFS's charitable exempt purposes by promoting social welfare, in that it provides capital access at low interest rates to persons who have not and do not have access to traditional means of capital, and more broadly eliminates prejudice and discrimination and combats community deterioration.

  • NAFS will provide, at nominal or no cost to the participant, educational training and technical assistance focusing on business planning, financial and risk management in agriculture production, financial literacy, and related topics which form the basis for achieving sustainable farming and ranching, including the work of fishers and silviculturists, within Native communities. b. This activity will be carried out by the employees and leadership of NAFS, their consultants, and their partner and collaborative organizations. c. NAFS will serve the agriculture sector of what is known as Indian Country, which spans across all states of the United States. d. 25 percent of the NAFS's time is devoted to this activity. e. All NAFS' activities will be funded through donations, grants, and agreements for services, and 25 percent of NAFS's overall expenses are allocated to this activity. f. This activity furthers NAFS's educational exempt purposes by providing educational services on agriculture production, financial literacy, and related topics which form the basis for achieving sustainable farming and ranching, including the work of fishers and silviculturists, within Native communities, to the public.

As filed on the 2023 return.

Listed in Part VII

  • Gary Matteson

    Secretary

    Total calculated
    $29,000
    From this org
    $29,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Tomie Peterson

    President

    Total calculated
    $29,000
    From this org
    $29,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Charles Rawls

    Director

    Total calculated
    $29,000
    From this org
    $29,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Edwin Moore

    Director

    Total calculated
    $29,000
    From this org
    $29,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Sandy Martini

    Director

    Total calculated
    $0
    Hours/week
    10

  • Janie Hipp

    CEO

    Total calculated
    $223,599
    From this org
    $217,500
    From related orgs
    $0
    Other
    $6,099
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $136,250
    Bonus
    $81,250
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,099
    Filer's total
    $223,599

  • Kathy Callahan

    NAAF COO

    Total calculated
    $0
    Hours/week
    10

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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2 October 2024
IRS schema version
2023v5.1
Source object
202402769349300700

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