Institute For Agriculture And Trade Policy
- Assets
- $2.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 18
- Location
- Minneapolis, MN
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 36-3501938
Organization Overview
Institute For Agriculture And Trade Policy is located in Minneapolis, MN. The organization was established in 1987. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Institute For Agriculture And Trade Policy employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Agriculture And Trade Policy 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 12/2023, Institute For Agriculture And Trade Policy generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 0.2% per year over the past 9 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
IATP WORKS LOCALLY AND GLOBALLY AT THE INTERSECTION OF POLICY AND PRACTICE TO ENSURE FAIR AND SUSTAINABLE FOOD, FARM AND TRADE SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IATP IS A POLICY AND ADVOCACY ORGANIZATION THAT WORKS AT THE INTERSECTION OF FOOD AND ECONOMIC SYSTEMS. OUR PROGRAMMATIC WORK IS ORGANIZED IN INTERCONNECTED CORE AREAS ACCORDING TO CONTENT, RELATIONSHIPS WITH PARTNERS AND THE ASSOCIATED POLICY DECISION-MAKERS. THE AREAS ARE AGRICULTURE & FOOD SYSTEMS, CLIMATE SOLUTIONS, AND TRADE & GOVERNANCE. IN 2023, IATP CONTINUED TO ADVANCE OUR MISSION DESPITE THE LINGERING CHALLENGES INDUCED BY THE PANDEMIC AND GLOBAL CONFLICTS. SEE ADDITIONAL DESCRIPTION OF PROGRAM SERVICE ACCOMPLISHMENTS IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Constance Carlson Board Director | Trustee | 1 | $0 |
Marie Clark Board Director | Trustee | 1 | $0 |
Daniel DE La Torre Ugarte Board Director | Trustee | 1 | $0 |
Brian Ahlberg Board Director | Trustee | 1 | $0 |
Pat Mooney Board Chair | OfficerTrustee | 1 | $0 |
Nick Levendofsky Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,510,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,611,943 |
| Total Program Service Revenue | $5,781 |
| Investment income | $14,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,642,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,900 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $246,407 |
| Compensation of current officers, directors, key employees. | $111,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $948,513 |
| Pension plan accruals and contributions | $14,017 |
| Other employee benefits | $82,553 |
| Payroll taxes | $108,150 |
| Fees for services: Management | $5,157 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $91,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,091 |
| Advertising and promotion | $0 |
| Office expenses | $19,748 |
| Information technology | $71,701 |
| Royalties | $0 |
| Occupancy | $63,946 |
| Travel | $65,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,313 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,367 |
| Insurance | $38,080 |
| All other expenses | $0 |
| Total functional expenses | $2,024,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $404,872 |
| Pledges and grants receivable | $396,128 |
| 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 | $42,543 |
| Net Land, buildings, and equipment | $168,038 |
| Investments—publicly traded securities | $1,252,917 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $216,859 |
| Total assets | $2,481,357 |
| Accounts payable and accrued expenses | $80,179 |
| 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 | $303,390 |
| Total liabilities | $383,569 |
| Net assets without donor restrictions | $1,270,150 |
| Net assets with donor restrictions | $827,638 |
| 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 | $2,481,357 |
Grants Awarded
Over the last fiscal year, Institute For Agriculture And Trade Policy has awarded $52,330 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
XYLEM CAPITAL PARTNERS PURPOSE: TO SUPPORT MAPPING AND CAPACITY BUILDING WORK TO PROMOTE SUSTAINABLE AGRICULTURE IN CHINA | $47,130 |
HMONG AMERICAN FARMERS ASSOCIATION PURPOSE: SEE PART IV | $5,200 |