Federation Of Southern Cooperatives Land Assistance Fund
- Assets
- $9.4m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 32
- Location
- East Point, GA
- Founding
- 05/1969
- Data as of
- 08/2023
- EIN
- 58-1026695
Organization Overview
Federation Of Southern Cooperatives Land Assistance Fund is located in East Point, GA. The organization was established in 1969. As of 08/2023, Federation Of Southern Cooperatives Land Assistance Fund employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Southern Cooperatives Land Assistance Fund 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 08/2023, Federation Of Southern Cooperatives Land Assistance Fund generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $5.7m during the year ending 08/2023. While expenses have increased by 11.9% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST FOR THE DEVELOPMENT OF SELF SUPPORTING COMMUNITIES THROUGH COOPERATIVE DEVELOPMENT, LAND RETENTION, AND OTHER INITIATIVES THAT INCREASE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL COOPERATIVE DEVELOPMENT - PROVIDING TECHNICAL ASSISTANCE TO RURAL COOPERATIVE DEVELOPMENT PROGRAMS FOR THE IMPROVEMENT OF ECONOMIC CONDITIONS OF LOW INCOME MINORITY FARMERS, RANCHERS, AND OTHER RESIDENTS LIVING IN RURAL, UNDER RESOURCED COMMUNITIES IN ALABAMA.
VARIOUS OURTEACH PROGRAMS & EDUCATIONAL PROGRAMS
USDA NRCS ELIGIBILITY - TO INCREASE NRCS OUTREACH TO HISTORICALLY UNDERSERVED FARMERS AND RANCHERS. THIS INCLUDES ENSURING UNDERSERVED FARMERS AND LANDOWNERS TO HAVE ACCESS TO AND UNDERSTAND THE CONSERVATION BENEFITS DERIVED FROM PARTICIPATION IN NRCS' CONSERVATION PROGRAMS AND SERVICES.
USDA NRCS CLEVELAND - TO INCREASE NRCS OUTREACH TO HISTORICALLY UNDERSERVED FARMERS AND COMMUNITIES IN CLEVELAND, OHIO. THIS INCLUDES ENSURING UNDERSERVED FARMERS AND LANDOWNERS TO HAVE ACCESS TO AND UNDERSTAND THE CONSERVATION BENEFITS DERIVED FROM PARTICIPATION IN NRCS CONSERVATION PROGRAMS AND SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Olds Board Member | Trustee | 1 | $0 |
Helen Fields Board Member | Trustee | 1 | $0 |
Carrie Fulghum Board Treasurer | OfficerTrustee | 1 | $0 |
Satina James Board Secretary | OfficerTrustee | 1 | $0 |
Daniel Bustamante Board Vice President | OfficerTrustee | 1 | $0 |
Shirley Blakley Board President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,327 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,818,537 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,912,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,743,167 |
| Total Program Service Revenue | $330,366 |
| Investment income | $12,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $152,108 |
| 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 | $6,281,834 |
| 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. | $127,500 |
| Compensation of current officers, directors, key employees. | $25,500 |
| Compensation to disqualified persons | $1,677,417 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $14,333 |
| Other employee benefits | $406,126 |
| Payroll taxes | $138,076 |
| Fees for services: Management | $900,998 |
| Fees for services: Legal | $635,041 |
| Fees for services: Accounting | $74,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,609 |
| Office expenses | $95,449 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $262,473 |
| Travel | $471,078 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,781 |
| Insurance | $82,845 |
| All other expenses | $321,576 |
| Total functional expenses | $5,743,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,084,249 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,210,842 |
| 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 | $28,157 |
| Net Land, buildings, and equipment | $849,789 |
| Investments—publicly traded securities | $74,272 |
| Investments—other securities | $0 |
| Investments—program-related | $1,174,137 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,421,446 |
| Accounts payable and accrued expenses | $572,130 |
| 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 | $940,048 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,512,178 |
| Net assets without donor restrictions | $7,909,268 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $9,421,446 |