The Farm Research Cooperative
- Assets
- $657.0k
- Revenue
- $61.9k
- Investments
- $131.4k
- Employees
- 3
- Location
- Bloomingdale, MI
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 38-3372694
Organization Overview
The Farm Research Cooperative is located in Bloomingdale, MI. The organization was established in 2001. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 12/2021, Farm Research Cooperative employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Research Cooperative 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 12/2021, Farm Research Cooperative generated $61.9k in total revenue. All expenses for the organization totaled $114.2k during the year ending 12/2021. While expenses have increased by 13.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HANDS-ON EDUCATIONAL EXPERIENCES FOR YOUTH AND SMALL-SCALE FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USDA BLACK FARMERS LITIGATION GRANT - HOSTED MEETINGS FOR MINORITY FARMERS WITH EDUCATIONAL WORKSHOPS. PROVIDED FOR MINORITY SMALL FARMERS TO ATTEND AREA FARMING CONFERENCES.
YOUTH CAMPS - PROVIDES CHILDREN WITH HANDS-ON ART AND SCIENCE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara James Norman Director | Trustee | 1 | $24,750 |
Christina Coulon Secretary | OfficerTrustee | 1 | $9,750 |
Janie Brooks-Davis Treasurer | OfficerTrustee | 2 | $4,000 |
Stephen Dallas President | OfficerTrustee | 3 | $0 |
Reuben Roberts Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $105,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,236 |
| Total Program Service Revenue | $0 |
| Investment income | -$43,389 |
| 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 | $61,919 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $38,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,410 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,632 |
| Travel | $3,160 |
| 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 | $11,254 |
| Insurance | $2,915 |
| All other expenses | $4,584 |
| Total functional expenses | $114,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,760 |
| Savings and temporary cash investments | $0 |
| 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 | $271,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $131,413 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $657,037 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $657,037 |
| Net assets with donor restrictions | $0 |
| 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 | $657,037 |
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