Farms International Inc
- Assets
- $102.0k
- Revenue
- $205.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Knife River, MN
- Founding
- 04/1967
- Data as of
- 05/2022
- 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 05/2022, Farms International Inc employed 5 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 05/2022, Farms International Inc generated $205.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $237.2k during the year ending 05/2022. While expenses have increased by 6.6% per year over the past 7 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
2022
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 | $50,606 |
Gary Lundberg Treasurer | OfficerTrustee | 1 | $0 |
Chris Eby Secretary | OfficerTrustee | 1 | $0 |
Gary Wiebe President | OfficerTrustee | 1 | $0 |
William Wingenroth Vice Preside | OfficerTrustee | 1 | $0 |
Leah Bailey Director | Trustee | 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 | $204,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,906 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| 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 | $204,951 |
| 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 | $87,264 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,606 |
| Compensation of current officers, directors, key employees. | $15,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,651 |
| Pension plan accruals and contributions | $8,058 |
| Other employee benefits | $10,415 |
| Payroll taxes | $6,790 |
| 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 | $17,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $362 |
| 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 | $237,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,501 |
| 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 | $6,001 |
| 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 | $102,008 |
| Accounts payable and accrued expenses | $798 |
| 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 | $798 |
| Net assets without donor restrictions | $89,919 |
| Net assets with donor restrictions | $11,291 |
| 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 | $102,008 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Farms International Inc has recieved totaling $10,135.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Junior Achievement Usa St Paul, MN | $19,332,308 | $5,393,334 |
Junior Achievement Of Wisconsin Inc Milwaukee, WI | $25,670,610 | $3,770,604 |
Junior Achievement Of Central Iowa Inc Des Moines, IA | $3,628,464 | $1,407,118 |
Junior Achievement Of South Dakota Sioux Falls, SD | $2,346,273 | $1,147,709 |
Ten Thousand Village Iowa City Iowa City, IA | $212,664 | $387,465 |
We International Inc Madison, WI | $73,452 | $263,240 |
Farms International Inc Knife River, MN | $102,008 | $204,951 |
All Seasons Community Services Kenyon, MN | $640,403 | $188,925 |
Circle Of Empowerment Inc Grafton, WI | $86,752 | $0 |
Et-Cetera Shoppe Inc Freeman, SD | $152,368 | $0 |
Akala Family Foundation Cologne, MN | $38,221 | $0 |
Rural Haiti Development Inc Decorah, IA | $155,394 | $0 |