Ncfc Education Foundation
- Assets
- $409.1k
- Revenue
- $97.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1963
- Data as of
- 11/2021
- EIN
- 52-6045207
Organization Overview
Ncfc Education Foundation is located in Washington, DC. The organization was established in 1963. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncfc Education 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 11/2021, Ncfc Education Foundation generated $97.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $99.2k during the year ending 11/2021. While expenses have increased by 8.5% per year over the past 6 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
CARRY OUT CHARITABLE AND EDUCATIONAL PURPOSE OF NATIONAL COUNCIL OF FARMER COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF NCFC INCLUDING BUT NOT LIMITED TO AGRICULTURAL RESEARCH, CONSERVATION ACTIVITIES AND TEACHING AND INSTRUCTING OTHERS THROUGH LECTURES, BOOKS AND OTHER PUBLICATIONS, THROUGH GRANTS AND OTHER EDUCATIONAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Bolling Vice Chairman | OfficerTrustee | 1 | $15,000 |
Charles Conner Chairman/trustee | OfficerTrustee | 1 | $0 |
Marlis Carson Svp/treasurer/secretary | OfficerTrustee | 1 | $0 |
Ann Kafer Trustee | Trustee | 1 | $0 |
William Nelson Trustee | Trustee | 1 | $0 |
Brent Roggie Trustee | 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 | $75,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,000 |
| Total Program Service Revenue | $0 |
| Investment income | $9,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,220 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,973 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $79,722 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $99,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,782 |
| Savings and temporary cash investments | $245 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $166 |
| 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 | $386,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,101 |
| 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 | $132,219 |
| Net assets with donor restrictions | $276,882 |
| 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 | $409,101 |
Grants Awarded
Over the last fiscal year, Ncfc Education Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: 2018 MANAGER OF THE YEAR SPONSORSHIP | $5,000 |
Milwaukee, WI PURPOSE: CONTRIBUTION IN HONOR OF 2018 DIRECTOR OF THE YEAR | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ncfc Education Foundation has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Deck Foundation Bethesda, MD PURPOSE: CHARITABLE | $60,000 |
Endowment Analysis
| Beg. Balance | $61,200 |
| Earnings | $5,682 |
| Ending Balance | $66,882 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
National Neca-Ibew Labor-Management Cooperatin Committee Trust Fund Washington, DC | $1,074,580 | $3,238,395 |
Montgomery County Agricultural Center Inc Gaithersburg, MD | $13,260,435 | $4,649,730 |
National Association Of State Departments Of Agriculture Arlington, VA | $1,267,720 | $1,834,352 |
Maryland Farm Bureau Inc Davidsonville, MD | $5,158,269 | $2,258,057 |
American Sugarbeet Growers Assoc Washington, DC | $1,418,878 | $1,744,321 |
Maryland Soybean Board Salisbury, MD | $852,931 | $1,729,119 |
Arcadia Food Inc Alexandria, VA | $1,292,027 | $1,035,026 |