Resourced Inc
- Assets
- $12.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Springfield, MO
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-4579794
Organization Overview
Resourced Inc is located in Springfield, MO. The organization was established in 2015. According to its NTEE Classification (K25) the organization is classified as: Farmland Preservation, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2022, Resourced Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Resourced 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, Resourced Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OVERCOME THE CONSTRAINTS OF SUSTAINABLE, AGRICULTURAL INTENSIFICATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAMED WITH DEVELOPMENT ORGANIZATIONS AND GOVERNMENT AGENCIES TO MAXIMIZE THE VALUE OF AGRICULTURAL RESOURCES IN DEVELOPING COUNTRIES TO ACCELERATE INNOVATIONS LEADING TO MEANINGFUL AND LASTING CHANGE TO IMPROVE THE LIVES OF SMALLHOLDER FARMERS AND SOCIETY IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Nelson President | OfficerTrustee | 40 | $109,604 |
Will Rogers Secretary; Director | OfficerTrustee | 40 | $96,239 |
Joanne Hale Director | Trustee | 2 | $0 |
Jim Kirkwood Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Context Network Llc Management Fees/subcontracting | 12/30/16 | $869,764 |
International Fertilizer Development Cen Subcontracting | 12/30/16 | $510,000 |
Self Help Africa Subcontracting | 12/30/16 | $595,000 |
Myagro Subcontracting | 12/30/16 | $405,000 |
Snv - Burkina Faso Subcontracting | 12/30/16 | $310,000 |
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 | $2,287,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,287,707 |
| Total Program Service Revenue | $358,153 |
| Investment income | $26,632 |
| 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 | $2,672,492 |
| 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. | $214,747 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,198 |
| Payroll taxes | $28,599 |
| Fees for services: Management | $121,889 |
| Fees for services: Legal | $17,594 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,163 |
| Advertising and promotion | $0 |
| Office expenses | $3,205 |
| Information technology | $21,175 |
| 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 | $487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,838 |
| Insurance | $6,821 |
| All other expenses | $0 |
| Total functional expenses | $3,776,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,016,052 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,454,669 |
| 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 | $3,408,084 |
| Other assets | $0 |
| Total assets | $12,878,805 |
| Accounts payable and accrued expenses | $54,002 |
| Grants payable | $50,000 |
| 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 | $104,002 |
| Net assets without donor restrictions | $6,517,587 |
| Net assets with donor restrictions | $6,257,216 |
| 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 | $12,878,805 |
Grants Awarded
Over the last fiscal year, Resourced Inc has awarded $670,002 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
INTERNATIONAL FERTILIZER DEVELOPMENT CENTER PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $190,000 |
MYAGRO FARMS PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $100,001 |
INTERNATIONAL FERTILIZER DEVELOPMENT CENTER PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $190,000 |
MYAGRO FARMS PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $100,001 |
SELF HELP AFRICA INC PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $45,000 |
SELF HELP AFRICA INC PURPOSE: See Part IVTo test, refine and select successful programs for realizing agricultural productivity gains for smallholder farmers growing sorghum and pearl millet in the Sahel. | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Resourced Inc Springfield, MO | $12,878,805 | $2,672,492 |
D R Headstream Farm Co-Trustee Uw Xxxxx5000 Chicago, IL | $0 | $48,742 |
Feed Iowa First Cedar Rapids, IA | $824,036 | $504,265 |
Kentucky Agriculture And Environment In The Classroom Inc Shepherdsville, KY | $156,637 | $208,722 |
Ranchland Trust Of Kansas Inc Topeka, KS | $740,266 | $166,077 |
American Forage And Grassland Council Berea, KY | $348,672 | $226,886 |
Maxcen Farmers Corporation Oklahoma Branch Inc Aklahoma City, OK | $62,188 | $62,188 |
Southern Sustainable Agriculture Working Group Inc Jonesborough, TN | $0 | $10,226 |
Grain Place Foundation Marquette, NE | $1,862,544 | $121,916 |
The Sangamon Conservancy Tr Springfield, IL | $6,170,291 | $7,642 |
Moss Mountain Farm Foundation Little Rock, AR | $66 | $0 |
Kma Coalition Ltd Newman, IL | $0 | $0 |