Farm Credit Foundation For Agricultural Advancement
- Assets
- $5.1m
- Revenue
- $365.1k
- Investments
- $5.0m
- Employees
- 0
- Location
- Westminster, MD
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-0945517
Organization Overview
Farm Credit Foundation For Agricultural Advancement is located in Westminster, MD. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Credit Foundation For Agricultural Advancement 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, Farm Credit Foundation For Agricultural Advancement generated $365.1k in total revenue. All expenses for the organization totaled $363.4k during the year ending 12/2021.
Since 2020, Farm Credit Foundation For Agricultural Advancement has awarded 74 individual grants totaling $593,985. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDED SEVENTEEN SCHOLARSHIPS TO HIGH SCHOOL AND COLLEGE STUDENTS PLANNING TO PURSUE A CAREER IN THE AGRICULTURE INDUSTRY.
AWARDED SEVENTEEN SCHOLARSHIPS TO HIGH SCHOOL AGRICULTURE TEACHERS TO PURSUE AN ADVANCED DEGREE OR CONTINUING EDUCATION CREDITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wheeler Secretary/treasurer | 8 | $4,275 | |
Gail Poffenberger Yeiser Officer | 2 | $2,042 | |
Charles Wright IV President | 2 | $1,461 | |
Paul Baumgardner Officer | 2 | $1,224 | |
Laura Heilinger Officer | 2 | $1,061 | |
Anthony Ill Officer/board Chair (until 06/2021) | 2 | $975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,239 |
| Interest on Savings | $46,236 |
| Dividends & Interest | $121,350 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $193,238 |
| Capital Gain Net Income | $193,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $365,063 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,690 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $348 |
| Printing and publications | $0 |
| Other expenses | $167 |
| Total operating and administrative expenses | $72,625 |
| Contributions, gifts, grants paid | $290,761 |
| Total expenses and disbursements | $363,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,025 |
| Savings and temporary cash investments | $127,740 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,142,919 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Farm Credit Foundation For Agricultural Advancement has awarded $295,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARYLAND EASTERN SHORE FOUNDATION PURPOSE: AGRICULTURAL EDUCATION | $20,000 |
BLUE RIDGE CTC FOUNDATION PURPOSE: AGRICULTURAL EDUCATION | $10,000 |
COLORADO STATE UNIVERSITY PURPOSE: AGRICULTURAL SCHOLARSHIP | $10,000 |
Wye Mills, MD PURPOSE: AGRICULTURAL EDUCATION | $10,000 |
Frostburg, MD PURPOSE: AGRICULTURAL SCHOLARSHIP | $10,000 |
Camden, DE PURPOSE: AGRICULTURAL EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
Upmc Lititz Harrisburg, PA | $81,864,299 | $83,139,500 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
American Society For Testing And Materials West Conshohocken, PA | $507,262,217 | $135,712,233 |
Childrens Research Institute Washington, DC | $13,958,035 | $66,659,816 |
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |