Impact Farming Foundation Inc
- Assets
- $99.0k
- Revenue
- $422.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Briarcliff Manor, NY
- Founding
- 02/2015
- Data as of
- 12/2022
- EIN
- 47-1858572
Organization Overview
Impact Farming Foundation Inc is located in Briarcliff Manor, NY. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Farming Foundation 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 12/2022, Impact Farming Foundation Inc generated $422.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $565.1k during the year ending 12/2022. While expenses have increased by 41.3% per year over the past 8 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
SUSTAINABLE FARMING:THE GOAL OF IMPACT FARMING IS TO ASSIST SMALLHOLDER FARMERS TO ADVANCE BUSINESS SOLUTIONS THAT INTEGRATE SUSTAINABLE FOOD PRODUCTION WITH INCREASED TREE COVER AND SELF-FINANCED COMMUNITY DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COTTON: GRANTS TO THE "SMALLHOLDER FARMERS ALLIANCE" TO SUPPORT THE EXPANSION OF COTTON CULTIVATION IN HAITI BY SMALLHOLDER FARMERS AS PART OF A LARGER AGROFORESTRY PROGRAM THAT LINKS TREE PLANTING WITH IMPROVED AGRICULTURE.
TREE PLANTING GRANTS TO "SMALLHOLDER FARMERS ALLIANCE" TO SUPPORT AGRICULTURE AND TREE PLANTING ACTIVITIES IN HAITI. THESE GRANTS ALSO ASSIST SMALLHOLDER FARMERS IN HAITI TO ENSURE THAT COTTON, PREVIOUSLY ONE OF HAITI'S LARGEST AGRICULTURAL EXPORTS, BE REINTRODUCED AFTER A 30 YEAR ABSENCE AND WILL ENSURE CONTINUED LOCAL PRODUCTION OF ORGANIC COTTON.
DATA AND TANAMA PROJECTS TO IMPROVE YIELDS AND FUNCTION MORE EFFECTIVELY AS A COMMUNITY. A PROGRAM TO COLLECT EXTENSIVE FIELD DATA FROM SMALLHOLDER FARMERS ABOUT THEIR CROPS AS PART OF A LARGER AGROFORESTRY PROGRAM IN HAITI THAT COMBINES TREE PLANTING WITH IMPROVED AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh Locke President | Trustee | 20 | $0 |
John R Drexel IV Secr/treasurer | Trustee | 4 | $0 |
Benjamin Krause Board Member | Trustee | 1 | $0 |
Margaret Morey-Reuner Board Member | 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 | $422,792 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $422,792 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $422,792 |
| 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 | $282,908 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,367 |
| Compensation of current officers, directors, key employees. | $10,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,150 |
| 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 | $8,853 |
| 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 | $6,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $66,020 |
| Total functional expenses | $565,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,986 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $98,986 |
| Accounts payable and accrued expenses | $14,967 |
| 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 | $14,967 |
| Net assets without donor restrictions | $0 |
| 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 | $84,019 |
| Total liabilities and net assets/fund balances | $98,986 |