Farm Rescue
- Assets
- $5.8m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Horace, ND
- Founding
- 08/2005
- Data as of
- 06/2023
- 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 06/2023, Farm Rescue employed 10 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 06/2023, Farm Rescue generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 15.6% per year over the past 8 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 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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Undem Director | Trustee | 0 | $0 |
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 |
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 | $2,654,445 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,654,445 |
| Total Program Service Revenue | $83,355 |
| Investment income | $20,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $428,365 |
| Net Income from Fundraising Events | $322,421 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,533,870 |
| 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 | $538,199 |
| Pension plan accruals and contributions | $10,532 |
| Other employee benefits | $5,116 |
| Payroll taxes | $44,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,650 |
| Fees for services: Accounting | $12,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,630 |
| Advertising and promotion | $154,315 |
| Office expenses | $53,482 |
| Information technology | $94,060 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $121,705 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30 |
| Interest | $23,154 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $816,263 |
| Insurance | $126,746 |
| All other expenses | $16,618 |
| Total functional expenses | $2,454,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,026 |
| Savings and temporary cash investments | $928,707 |
| Pledges and grants receivable | $172,417 |
| 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 | $53,458 |
| Net Land, buildings, and equipment | $3,914,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,767,306 |
| Accounts payable and accrued expenses | $58,760 |
| Grants payable | $0 |
| Deferred revenue | $50,000 |
| 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 | $686,832 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $795,592 |
| Net assets without donor restrictions | $4,971,714 |
| 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 | $5,767,306 |