Sequoia Farm Foundation
- Assets
- $86.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Decatur, IL
- Founding
- 04/2013
- Data as of
- 12/2021
- EIN
- 45-5160833
Organization Overview
Sequoia Farm Foundation is located in Decatur, IL. The organization was established in 2013. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequoia Farm Foundation 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, Sequoia Farm Foundation generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.4%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS AGRICULTURAL RESEARCH EXPERIMENTS WITH A FOCUS ON WATER-USE EFFICIENCY, SOIL MANAGEMENT, AND COVER CROP USE WHICH REDUCE THE DEPENDENCY ON SYNTHETIC FERTILIZERS, ALL OF WHICH CAN BE USED IN DEVELOPING COUNTRIES TO BENEFIT SMALL-SCALE AND SUBSISTENCE FARMERS.THE FOUNDATION OWNS RANCHES AND FARMS IN CLOSE PROXIMITY TO THE US/MEXICO BORDER, ALLOWING IT TO ALSO CONDUCT RESEARCH ON HOW HUMAN TRAFFIC (DRUG TRAFFICKERS, ECONOMIC MIGRANTS, AND MIGRANTS FLEEING VIOLENCE IN THEIR HOME COUNTRIES) CROSSING INTO THE US ILLEGALLY AFFECTS BORDER SECURITY. THE FOUNDATION'S BORDER PROPERTIES ALSO SERVE AS EDUCATION SITES FOR VISITING POLICY MAKERS WORKING ON BORDER-RELATED ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Douglas Oller Chief Op Officer | 50 | $232,706 | |
Mark Rigel Sr Program Mgr | 40 | $175,758 | |
Robert Schutt Crop Research | 40 | $120,696 | |
Lucas Binger Crop Research | 40 | $101,459 | |
Tracy Coleman Crop Research | 40 | $87,292 | |
Howard G Buffett President | 5 | $44,119 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aj Bin Erection | 12/30/21 | $62,950 |
Desert Mountain Drilling And Pump | 12/30/21 | $205,762 |
Aj Bin Erection | 12/30/21 | $0 |
Arizona Air Support | 12/30/21 | $0 |
Desert Mountain Drilling And Pump | 12/30/21 | $0 |
Arizona Air Support | 12/30/21 | $72,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $179,190 |
| Interest on Savings | $34,643 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,886,587 |
| Capital Gain Net Income | $1,886,587 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,317,703 |
| Total Revenue | $4,418,123 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $44,119 |
| Other employee salaries and wages | $1,012,987 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $475,373 |
| Depreciation | $1,972,665 |
| Occupancy | $137,188 |
| Travel, conferences, and meetings | $146,836 |
| Printing and publications | $0 |
| Other expenses | $913,018 |
| Total operating and administrative expenses | $4,769,350 |
| Contributions, gifts, grants paid | $7,579,553 |
| Total expenses and disbursements | $12,348,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,717 |
| Savings and temporary cash investments | $857,385 |
| Net Accounts receivable | $20,853 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $84,059,979 |
| Other assets | $1,459,933 |
| Total assets | $86,746,867 |
| Accounts payable and accrued expenses | $691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,938 |
| Total liabilities | $11,629 |
Grants Awarded
Over the last fiscal year, Sequoia Farm Foundation has awarded $7,579,553 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Decatur, IL PURPOSE: TRAINING FACILITIES | $7,065,494 |
Decatur, IL PURPOSE: VEHICLES | $228,750 |
Hereford, AZ PURPOSE: EQUIPMENT | $185,309 |
NEW MEXICO STATE UNIVERSITY PURPOSE: EQUIPMENT | $80,000 |
Decatur, IL PURPOSE: TRAINING FACILITIES | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Sequoia Farm Foundation has recieved totaling $9,349,691.
| Awarding Organization | Amount |
|---|---|
Howard G Buffett Foundation Decatur, IL PURPOSE: EQUIPMENT - US | $6,127,922 |
Howard G Buffett Foundation Decatur, IL PURPOSE: LAND - US | $1,579,523 |
Howard G Buffett Foundation Decatur, IL PURPOSE: LAND - US | $1,100,000 |
Howard G Buffett Foundation Decatur, IL PURPOSE: AGRICULTURE RESEARCH - US | $300,000 |
Howard G Buffett Foundation Decatur, IL PURPOSE: BUILDING - US | $242,246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sequoia Farm Foundation Decatur, IL | $86,746,867 | $4,418,123 |
Gulfstream Aerospace Corporation Retiree Benefits Trust Chicago, IL | $35,504,477 | $4,199,760 |
Bulletin Of The Atomic Scientists Chicago, IL | $1,707,811 | $1,689,150 |
Ibio Institute Chicago, IL | $850,482 | $573,324 |
International Union United Automobile Aerospace & Agricultura Ottawa, IL | $167,730 | $593,055 |
International Union Uaw Local 2379 Jefferson City, MO | $248,551 | $511,230 |
International Union United Automobile Aerospace & Agriculture Kokomo, IN | $434,429 | $426,808 |
Aviation Insurance Association Lexington, KY | $382,970 | $232,231 |
International Union United Auto Aerospace & Agricultural Workers St Louis, MO | $264,088 | $246,149 |
International Union United Auto Aerospace & Agricultural Workers Ottawa, IL | $432,394 | $257,278 |
International Union United Auto Aerospace & Agri Wrkrs Of America La Grange, IL | $207,988 | $0 |
American Foundry Society Wi Chapter Germantown, WI | $380,181 | $0 |