Friends Of Ifosud
- Assets
- $53.1k
- Revenue
- $514.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Northwood, ND
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0780593
Organization Overview
Friends Of Ifosud is located in Northwood, ND. The organization was established in 2016. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Friends Of Ifosud employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Ifosud 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 12/2021, Friends Of Ifosud generated $514.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $506.1k during the year ending 12/2021. While expenses have increased by 21.9% 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 SUPPORT IFOSUD AND ALL WORTHY AND QUALIFYING GRANTEES IN ITS MISSION TO ALLEVIATE POVERTY OF HAITIAN FARMERS AND SMALL BUSINESS OWNERS IN A SUSTAINABLE WAY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ALLEVIATE POVERTY OF HAITIAN FARMERS AND SMALL BUSINESS IN A SUSTAINABLE WAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Draxton Executive Director | Officer | 40 | $56,750 |
Wade Bruns Vice President | OfficerTrustee | 1 | $0 |
Richie Ostlie Treasurer | OfficerTrustee | 1 | $0 |
Mark Korsmo President | OfficerTrustee | 2 | $0 |
Brian Dafforn Secretary | OfficerTrustee | 1 | $0 |
Lavon Nelson Director | 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 | $513,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $513,969 |
| 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 | $514,005 |
| 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 | $412,035 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $56,750 |
| Compensation of current officers, directors, key employees. | $14,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,050 |
| Advertising and promotion | $9,326 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $506,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,916 |
| 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 | $6,190 |
| 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 | $53,106 |
| 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 | $53,106 |
| 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 | $53,106 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Ifosud has recieved totaling $343,138.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $330,000 |
Crary Family Legacy Fund Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Brown Family Foundation Wolf Point, MT PURPOSE: GENERAL OPERATIONS | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Land Olakes Venture37 Arden Hills, MN | $37,004,769 | $29,480,703 |
Friends Of Ifosud Northwood, ND | $53,106 | $514,005 |
Regeneration International Minneapolis, MN | $137,887 | $260,253 |
Kakao Ceremonial Drinking Chocolate Bozeman, MT | $56,578 | $142,924 |
In-Seine Two Harbors, MN | $5,773 | $32,854 |
Mango Community Family Farm Brooklyn Park, MN | $1,024 | $25,874 |
World Hunger Fund Woodbury, MN | $13,585 | $0 |