Tractors For Africa
- Assets
- $221.9k
- Revenue
- $300.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Eden Prairie, MN
- Founding
- 09/2017
- Data as of
- 12/2022
- EIN
- 61-1804299
Organization Overview
Tractors For Africa is located in Eden Prairie, MN. The organization was established in 2017. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Tractors For Africa employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tractors For Africa 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, Tractors For Africa generated $300.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $450.3k during the year ending 12/2022. 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
EMPOWERING AFRICAN COMMUNITIES TO HARVEST THEIR FULL AGRICULTURAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, TRACTORS FOR AFRICA ASSISTED AND ADVISED TRACTORS FOR AFRICA FOUNDATION, GHANA (TFAF) WITH DEVELOPING A SCALABLE TRACTOR SERVICE AND AN AGRICULTURAL INPUT SUPPORT BUSINESS FOR SMALLHOLDER FARMERS IN NORTHERN GHANA. TRACTORS FOR AFRICA'S WORK PRIMARILY CONSISTED OF FUNDRAISING AND STRATEGIC ADVISING. IN ADDITION, TRACTORS FOR AFRICA SENT A TEAM OF CONSULTANTS TO GHANA TO ANALYZE THE UNIT ECONOMICS OF SERVING FARMERS AND TO ANALYZE THE AGRONOMY OF TFAF'S MODEL FARM AND THE FARMS OF TFAF'S FARMER PARTNERS.WITH TRACTORS FOR AFRICA'S HELP, TFAF GHANA SERVED APPROXIMATELY 700 FARMING FAMILIES OR APPROXIMATELY 3,750 PEOPLE. WITH TRACTORS FOR AFRICA'S SUPPORT, TFAF WAS ABLE TO GROW FARMER INPUT SUPPORT FROM AROUND $35,000 IN 2021 TO OVER $200,000 IN 2022. TFAF ACHIEVED A 92% REPAYMENT RATE ON INPUT SUPPORT EXTENDED IN 2022. THIS WAS THE LOWEST REPAYMENT FOR TFA TO DATE, AND IT WAS LARGELY DUE TO INCONSISTENT RAINFALL AND THE SOVEREIGN DEBT ANDINFLATION CRISIS IN GHANA.BY DEVELOPING A SCALABLE BUSINESS MODEL PROVIDING QUALITY TRACTOR SERVICES, QUALITY SEED, FERTILIZER AND AGRONOMIC ADVISING, TRACTORS FOR AFRICA IS SOLVING FARMER NEEDS FOR QUALITY INPUTS, TRACTOR SERVICES AND A GUARANTEED MARKET FOR THEIR GRAIN. THE PLAN IS TO DEMONSTRATE THIS MODEL'S IMPACT AND SCALABILITY WITH TFAF IN GHANA, AND THEN SCALE ACROSS AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark York President | OfficerTrustee | 20 | $0 |
Maurice Hurst Secretary | OfficerTrustee | 10 | $0 |
Terry Garvert Board Member | Trustee | 20 | $0 |
Moussa Ousmane Board Member | Trustee | 10 | $0 |
Dave Rock Board Member | Trustee | 10 | $0 |
Kay Mensah Treasurer | OfficerTrustee | 10 | $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 | $300,660 |
| Noncash contributions included in lines 1a–1f | $2,755 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,660 |
| 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 | $300,660 |
| 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 | $274,855 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,882 |
| Compensation of current officers, directors, key employees. | $16,332 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,101 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $972 |
| Office expenses | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,061 |
| 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 | $342 |
| All other expenses | $2,202 |
| Total functional expenses | $450,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,007 |
| 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 | $866 |
| 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 | $221,873 |
| Accounts payable and accrued expenses | $9,889 |
| 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 | $9,889 |
| Net assets without donor restrictions | $208,984 |
| Net assets with donor restrictions | $3,000 |
| 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 | $221,873 |