American Friends Of Bean Voyage
- Assets
- $96.0k
- Revenue
- $211.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 83-3945930
Organization Overview
American Friends Of Bean Voyage, operating under the name Bean Voyage, is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (K11) the organization is classified as: Single Organization Support, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bean Voyage 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, Bean Voyage generated $211.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $165.5k during the year ending 12/2022. While expenses have increased by 23.9% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMERICAN FRIENDS OF BEAN VOYAGE PROVIDES TRAINING AND MARKET ACCESS SUPPORT TO SMALLHOLDER WOMEN COFFEE PRODUCERS IN LATIN AMERICA, SUPPORTING THEM TO GAIN TOOLS, KNOWLEDGE AND NETWORK TO LEAD THRIVING COFFEE BUSINESSES AND THEIR COMMUNITIES TOWARDS A SUSTAINABLE FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUSTAINABLE COMMUNITIES INITIATIVE: RECRUITED AND TRAINED 150 SMALLHOLDER WOMEN COFFEE FARMERS FROM VARIOUS REGIONS OF COSTA RICA ON KEY TOPICS SUCH AS GENDER IN COFFEE, CLIMATE CHANGE ADAPTATION, FOOD SECURITY AND BUSINESS DEVELOPMENT; CONNECT THE PRODUCERS WITH LOCAL BUSINESS MENTORS THAT PROVIDE SUPPORT FOR THE FARMERS TO DEVELOP THEIR OWN BUSINESS PROJECTS; OFFER MICRO-GRANTS TO PRODUCERS THAT SUBMIT SUCCESSFUL PROPOSALS TO IMPLEMENT BUSINESS DEVELOPMENT PROJECTS.
CARE UNIVERSITY, FOOD SECURITY, WOMXN-POWERED COFFEE SUMMIT, GENERAL OPERATING EXPENSES
MARKET READINESS INITIATIVE: RECRUIT AND CONNECT GLOBAL SPECIALTY COFFEE BUYERS WITH SMALLHOLDER WOMEN COFFEE FARMERS IN COSTA RICA AND MEXICO TO HELP THEM BREAK INTO INTERNATIONAL MARKETS AND ACHIEVE THRIVING PRICES FOR THEIR COFFEE. IN 2022, SUPPORTED 50 WOMEN AND RESULTED IN THE REVENUE GENERATION OF $202,000 FOR PRODUCERS.
GENDER & CLIMATE INITIATIVE: 244 SMALLHOLDER WOMEN COFFEE PRODUCERS CONTINUED TO RECEIVE TRAINING ON CLIMATE SMART AGRICULTURE; THROUGH THEIR PARTICIPATION, 585 PEOPLE WERE DIRECTLY IMPACTED AND 1,098 INDIRECTLY IMPACTED, IN 7 FARMING COMMUNITIES OF COSTA RICA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunghee Tark Board Of Directors | OfficerTrustee | 40 | $0 |
Abhinav Khanal Board Of Directors | OfficerTrustee | 25 | $0 |
Mohit Mukherjee Chair, Board Of Directors | Trustee | 0.75 | $0 |
Andrea Zinn Treasurer, Board Of Directors | Trustee | 0.75 | $0 |
Debra Shapira Giving Committee Chair, Board Of Directors | Trustee | 0.75 | $0 |
Maika Isogawa Secretary, Board Of Directors | Trustee | 0.75 | $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 | $205,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $205,382 |
| Total Program Service Revenue | $5,809 |
| 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 | $211,191 |
| 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 | $126,957 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,084 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $491 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $141 |
| Office expenses | $804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,126 |
| 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 | $165,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $95,991 |
| 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 | $0 |
| 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 | $95,991 |
| 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 | $0 |
| 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 | $95,991 |
| Total liabilities and net assets/fund balances | $95,991 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gpcfb Support Corporation Duquesne, PA | $25,095,709 | $504,158 |
Center For Dairy Excellence Foundation Of Pennsylvania Harrisburg, PA | $1,512,960 | $1,169,291 |
American Friends Of Bean Voyage Wilmington, DE | $95,991 | $211,191 |
Sussex County Farm & Horse Show Foundation Inc Sparta, NJ | $782,711 | $9,196 |
Heritage And Agriculture Association Incorporated Sussex, NJ | $85,124 | $0 |
Dean Foods Foundation Saddle Brook, NJ | $0 | $0 |