Farms International Inc
- Assets
- $33.0k
- Revenue
- $181.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Knife River, MN
- Founding
- 04/1967
- Data as of
- 05/2023
- EIN
- 22-1776920
Organization Overview
Farms International Inc is located in Knife River, MN. The organization was established in 1967. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 05/2023, Farms International Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farms International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Farms International Inc generated $181.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $254.1k during the year ending 05/2023. While expenses have increased by 6.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURE SERVICE MINISTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH FINANCIAL AND TECHNICAL SPONSORED SUPPORT, THE ORGANIZATION HELPS FORM SUSTAINABLE ENTERPRISES WHICH ENABLE FAMILIES IN POVERTY TO BECOME SELF-SUPPORTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Clifton Executive Di | OfficerTrustee | 40 | $57,540 |
Leah Bailey Director | Trustee | 1 | $0 |
Christian Dane Director | Trustee | 1 | $0 |
Chris Eby Secretary | OfficerTrustee | 1 | $0 |
Ben Katka Director | Trustee | 1 | $0 |
Gary Lundberg Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,863 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,887 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $69,152 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,540 |
| Compensation of current officers, directors, key employees. | $17,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,069 |
| Pension plan accruals and contributions | $8,511 |
| Other employee benefits | $10,726 |
| Payroll taxes | $8,057 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,559 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,400 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $254,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,528 |
| Savings and temporary cash investments | $506 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,034 |
| Accounts payable and accrued expenses | $4,082 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,082 |
| Net assets without donor restrictions | $18,593 |
| Net assets with donor restrictions | $10,359 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,034 |
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