Sequoia Farm Foundation
- Assets
- $108.7m
- Revenue
- $27.1m
- Investments
- $61.9m
- Employees
- 0
- Location
- Decatur, IL
- Founding
- 04/2013
- Data as of
- 12/2022
- 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 12/2022, Sequoia Farm Foundation generated $27.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Sequoia Farm Foundation has awarded 15 individual grants totaling $10,985,942. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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.DURING 2022 THE FOUNDATION EXPANDED ITS MISSION TO INCLUDE AGRICULTURAL-FOCUSED AND OTHER HUMANITARIAN RELIEF IN THE UKRAINE. FOUNDATION REPRESENTATIVES VISITED THE UKRAINE ON NUMEROUS OCCASIONS TO DETERMINE AGRICULTURAL NEEDS AND OVERSEE ALTERNATIVE PROCESSES FOR MAINTAINING PLANTING, HARVESTING, AND D
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard G Buffett President | 2 | $0 | |
Charlotte Ryan Treasurer | 1 | $0 | |
Ann Kelly Bolten Secretary | 1 | $0 | |
Michael D Walter Director | 1 | $0 | |
J Douglas Oller Chief Op Officer | 50 | $190,308 | |
Mark Rigel Sr Program Mgr | 40 | $163,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D&m Well Service | 12/30/22 | $79,046 |
Romano Limited | 12/30/22 | $226,354 |
Weaver Clark Inc | 12/30/22 | $71,046 |
Southwest Traditions Inc | 12/30/22 | $226,337 |
Drews United Roofing And Siding | 12/30/22 | $100,309 |
D&m Well Service | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,756,344 |
| Interest on Savings | $974,831 |
| Dividends & Interest | $891,202 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,684,206 |
| Capital Gain Net Income | $21,684,206 |
| Net ST Capital Gain | $48,857 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $798,581 |
| Total Revenue | $27,105,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $3,896 |
| Other employee salaries and wages | $1,097,312 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $802,707 |
| Depreciation | $1,618,598 |
| Occupancy | $147,088 |
| Travel, conferences, and meetings | $646,365 |
| Printing and publications | $0 |
| Other expenses | $1,018,539 |
| Total operating and administrative expenses | $5,357,360 |
| Contributions, gifts, grants paid | $271,693 |
| Total expenses and disbursements | $5,629,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,149 |
| Savings and temporary cash investments | $606,288 |
| Net Accounts receivable | $8,130 |
| 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 | $44,416,428 |
| Other assets | $1,505,033 |
| Total assets | $108,661,953 |
| Accounts payable and accrued expenses | $149,703 |
| 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 | $300,901 |
| Total liabilities | $450,604 |
Grants Awarded
Over the last fiscal year, Sequoia Farm Foundation has awarded $271,693 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOWARD G BUFFETT FOUNDATION PURPOSE: VEHICLES | $75,200 |
DECATUR PUBLIC SCHOOLS FOUNDATION PURPOSE: VEHICLES | $107,758 |
FARMERS YOUTH EDUCATION FOUNDATION PURPOSE: EQUIPMENT | $74,900 |
SKY ISLAND ALLIANCE PURPOSE: EQUIPMENT | $13,835 |