Farm Rescue
- Assets
- $4.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Horace, ND
- Founding
- 08/2005
- Data as of
- 06/2021
- EIN
- 75-3174053
Organization Overview
Farm Rescue is located in Horace, ND. The organization was established in 2005. According to its NTEE Classification (K19) the organization is classified as: Support N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Farm Rescue employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Rescue 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 06/2021, Farm Rescue generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 14.4% 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
TO PROVIDE ASSISTANCE TO FARM FAMILIES THAT HAVE EXPERIENCED A MAJOR ILLNESS, INJURY OR AN ACT OF NATURE THAT HAS CAUSED UNDUE FINANCIAL HARDSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST ELIGIBLE FARMERS IN PLANTING AND HARVESTING CURRENT CROP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Gross President | Officer | 0 | $0 |
Jed Wall Treasurer | Officer | 0 | $0 |
Kyle Nelsen Vice President | Officer | 0 | $0 |
Shaun Sipma Secretary | Officer | 0 | $0 |
Reuben Liechty Director | Trustee | 0 | $0 |
Rebecca Undem Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,108,677 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,174,877 |
| Total Program Service Revenue | $50,085 |
| Investment income | $49,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,948 |
| Net Income from Fundraising Events | $182,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,517,602 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $379,408 |
| Pension plan accruals and contributions | $6,506 |
| Other employee benefits | $1,129 |
| Payroll taxes | $30,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,961 |
| Fees for services: Accounting | $11,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,294 |
| Advertising and promotion | $138,640 |
| Office expenses | $36,554 |
| Information technology | $65,739 |
| Royalties | $0 |
| Occupancy | $1,690 |
| Travel | $59,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,025 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $441,632 |
| Insurance | $77,900 |
| All other expenses | $35,522 |
| Total functional expenses | $1,729,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,800 |
| Savings and temporary cash investments | $1,474,689 |
| Pledges and grants receivable | $12,711 |
| 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 | $35,425 |
| Net Land, buildings, and equipment | $2,045,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,066,037 |
| Accounts payable and accrued expenses | $332,843 |
| 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 | $349,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $682,743 |
| Net assets without donor restrictions | $3,383,294 |
| 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 | $4,066,037 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Farm Rescue has recieved totaling $235,385.
| Awarding Organization | Amount |
|---|---|
Otto Bremer Trust St Paul, MN PURPOSE: EMERGENCY SUPPORT FOR STRUGGLING FARMERS | $74,999 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $53,619 |
Oneok Foundation Inc Tulsa, OK PURPOSE: DROUGHT RELIEF OPERATION HAY LIFT 2021-22 & COMBINE | $25,000 |
North Dakota Rural Rehabilitation Corporation Bismarck, ND PURPOSE: OPERATING | $25,000 |
Fargo-Moorhead Area Foundation Corporation Fargo, ND PURPOSE: GENERAL SUPPORT | $10,930 |
Kansas Livestock Foundation Topeka, KS PURPOSE: Provide relief to families affected by major drought and wildfires | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Early Childhood Association Inc Fitchburg, WI | $2,483,636 | $18,900,476 |
Northeast Iowa Food Bank Inc Waterloo, IA | $13,006,987 | $17,224,102 |
Hall County Livestock Improvement Assn Inc Grand Island, NE | $7,356,944 | $18,700,644 |
Food Bank Of Lincoln Inc Lincoln, NE | $19,534,809 | $19,256,547 |
The Food Group Minnesota Inc New Hope, MN | $6,821,261 | $14,957,380 |
Just One More Ministry Inc Glendale, WI | $1,932,610 | $12,025,504 |
Second Harvest North Central Food Bank Inc Grand Rapids, MN | $4,978,294 | $11,898,743 |
North Country Food Bank Inc East Grand Forks, MN | $6,467,483 | $10,779,461 |
River Food Pantry Madison, WI | $3,265,959 | $11,088,833 |
Pauls Pantry Inc Green Bay, WI | $11,786,788 | $9,425,789 |
Heart Ministry Center Inc Omaha, NE | $7,524,049 | $8,339,552 |
Christian Cupboard Emergency Food Shelf Oakdale, MN | $2,243,771 | $8,416,140 |