Mad Agriculture
- Assets
- $377.2k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Boulder, CO
- Founding
- 12/2019
- Data as of
- 01/2023
- EIN
- 84-2223405
Organization Overview
Mad Agriculture is located in Boulder, CO. The organization was established in 2019. 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 01/2023, Mad Agriculture employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mad Agriculture 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 01/2023, Mad Agriculture generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.2m during the year ending 01/2023. 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
MAD AGRICULTURE CATALYZES FARMERS' TRANSITION TO ORGANIC AND REGENERATIVE AGRICULTURE WITH SYSTEMIC AND INDIVIDUAL SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAD! CAPITAL PERENNIAL FUND: WE REPLACE OPERATING LOANS WITH CAPITAL THAT INVIGORATES THE IMAGINATION LIBERATES FARMERS FROM THE SHACKLES OF DEBT OBLIGATIONS I.E. BANK REQUIREMENTS FOR GMO SEEDS SYNTHETIC INPUTS ETC. AND ENABLES THE TRANSITION TO REGENERATIVE ORGANIC AGRICULTURE. WE LEVERAGE OUR FULL SYSTEM OF CHANGE TO CO-CREATE AN ORGANIC TRANSITION PLAN WITH FARMERS AT NO ADDED COST OPEN MARKET OFFTAKE FOR CROPS AND BASE THE PAYBACK ON FARMERS' ABILITY TO SUCCEED WITH A REVENUE SHARE TAILORED TO THE INDIVIDUAL FARM. THE FUND IS STRUCTURED TO ENSURE THAT THE SUCCESS OF MAD AGRICULTURE PARTNERS AND THE FARMERS ARE ONE AND THE SAME. THE HEALTH OF SOIL AND ALL PEOPLE IS ONE AND INDIVISIBLE. ACTIVITIES INVOLVED IN THIS PROGRAM INCLUDE FUND DEVELOPMENT AND MANAGEMENT LEGAL AND ACCOUNTING COSTS AND FEES ADVERTISING AND MARKETING TO FIND FARMER CLIENTS TRAVEL TO VISIT FARMS AND FARMERS DUE DILIGENCE ON LOAN APPLICATIONS AND CONSULTATION WITH FARMERS.
MAD! MARKETS: MAD MARKETS HELPS FARMERS PROCESSORS AND BRANDS MEET THEIR REGENERATIVE ORGANIC SOURCING AND SUPPLY CHAIN SUSTAINABILITY GOALS. WE CONNECT FARMERS TO VALUES ALIGNED BUYERS AND PROMOTE MARKETPLACE ADOPTION OF REGENERATIVE ORGANIC AGRICULTURE. MAD MARKETS PROVIDES INNOVATIVE SOURCING BROKERAGE AND SUPPLY CHAIN DEVELOPMENT PROGRAMS THAT SUPPORT BUYERS AND FARMERS. WE DEVELOP EQUITABLE SUPPLY NETWORKS WHILE DELIVERING THE HIGHEST-QUALITY INGREDIENTS THOUGHT LEADERSHIP AND SOURCING STRATEGIES. ACTIVITIES INCLUDE FARM VISITS AND CROP MARKET CONSULTATION MARKET RESEARCH AND ANALYSIS CONFERENCE ATTENDANCE TRAVEL MARKET NETWORK DEVELOPMENT CROP BROKERAGE BRAND SUPPORT AND COOPERATIVE CONSULTATION.
IMPACT RESEARCH PROGRAM: THE GOAL OF THE IMPACT RESEARCH PROGRAM IS TO CAPTURE THE ECOLOGICAL FINANCIAL AND PERSONAL WELLBEING IMPACTS OF REGENERATIVE AGRICULTURE ON REAL WORKING FARMS. THE RESEARCH IS PRIMARILY FOR OUR FARMER PARTNERS TO COMMUNICATE WHAT IS AND IS NOT WORKING ON THEIR FARMS FROM A FINANCIAL AND ECOLOGICAL PERSPECTIVE. IT IS ALSO FOR OTHER FARMERS WE DO NOT CURRENTLY WORK WITH TO ENCOURAGE THEM TO TRANSITION TO REGENERATIVE ORGANIC AGRICULTURE. IT IS ALSO FOR BRANDS AND BUYERS TO UNDERSTAND THE IMPACT OF THEIR PURCHASING CHOICES. IT IS ALSO FOR DONORS AND INVESTORS TO UNDERSTAND THE IMPACT OF THEIR CONTRIBUTIONS. COSTS FOR THIS PROGRAM INCLUDE IN-FIELD CONTRACTORS TO COLLECT RAW DATA DATA ANALYSIS AND INTERPRETATION TRAVEL TO RESEARCH LOCATIONS FARMER ENGAGEMENT SOFTWARE LITERATURE REVIEW AND GENERATING REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Taylor Executive Director | 45 | $179,306 | |
Tanner Starbard VP - Operations Land Business | Officer | 45 | $129,850 |
Elizabeth Candelario Director Of Strategic Partnership | Officer | 45 | $112,050 |
Alexander Heilman Director Of Supply And Tradnig | Officer | 45 | $114,455 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,882 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,271,813 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,541,695 |
| Total Program Service Revenue | $99,223 |
| Investment income | $493 |
| 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 | -$4,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,793 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $66,239 |
| 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. | $309,156 |
| Compensation of current officers, directors, key employees. | $74,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $742,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $120,475 |
| Payroll taxes | $93,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $87,046 |
| Fees for services: Accounting | $7,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,355 |
| Office expenses | $25,711 |
| Information technology | $27,456 |
| Royalties | $0 |
| Occupancy | $75,637 |
| Travel | $95,529 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,328 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,665 |
| Insurance | $5,033 |
| All other expenses | $0 |
| Total functional expenses | $2,225,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,819 |
| Savings and temporary cash investments | $249,518 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,184 |
| 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 | $2,084 |
| Net Land, buildings, and equipment | $34,590 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,030 |
| Total assets | $377,225 |
| Accounts payable and accrued expenses | $5,432 |
| 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 | $75,000 |
| Other liabilities | $3,209 |
| Total liabilities | $83,641 |
| Net assets without donor restrictions | $293,584 |
| 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 | $377,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waste Not Inc Scottsdale, AZ | $1,484,172 | $5,163,754 |
Mad Agriculture Boulder, CO | $377,225 | $1,653,793 |
Black Phoenix Organizing Collective Phoenix, AZ | $751,434 | $502,501 |
Meadowlark Hearth Living Environment Foundation Scottsbluff, NE | $487,209 | $0 |
Arizona Cattle Industry Research And Educational Foundation Mesa, AZ | $5,177,929 | $528,952 |
International Milling Education Foundation Lenexa, KS | $1,736,643 | $112,047 |
Angies Option Grm Lehi, UT | $5,184 | $2,242 |