Native Agriculture Financial Services
- Assets
- $12.3m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 1
- Location
- Fayetteville, AR
- Founding
- Data as of
- 12/2023
- EIN
- 92-1718542
Organization Overview
Native Agriculture Financial Services is located in Fayetteville, AR. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Native Agriculture Financial Services is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE CAPITAL ACCESS AND EDUCATIONAL NEEDS OF FARMERS AND RANCHERS, AND OTHER FOOD AND AGRICULTURE-RELATED ENTITIES, AMONG NATIVE AMERICAN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAFS WILL PROVIDE CAPITAL ACCESS AND RELATED SERVICES TO SUPPORT AND PROMOTE NATIVE AMERICAN'S CONTINUED ENGAGEMENT IN AGRICULTURE AND ENHANCE THEIR INVOLVEMENT IN ACTIVITIES THAT FURTHER INTERGENERATIONAL SUSTAINABILITY OF NATIVE COMMUNITIES. NAFS WILL ALSO ENHANCE PHILANTHROPIC EFFORTS THAT SUPPORT CAPITAL ACCESS AND WILL ENGAGE WITH OTHERS FOCUSED ON ENCOURAGING FOOD SECURITY AND AGRICULTURE IN NATIVE COMMUNITIES. B. THIS ACTIVITY WILL BE CARRIED OUT BY THE EMPLOYEES AND LEADERSHIP OF NAFS, THEIR CONSULTANTS, AND THEIR PARTNER AND COLLABORATIVE ORGANIZATIONS. C. NAFS WILL SERVE THE AGRICULTURE SECTOR OF WHAT IS KNOWN AS INDIAN COUNTRY, WHICH SPANS ACROSS ALL STATES OF THE UNITED STATES. ACCORDING TO THE MOST RECENT CENSUS OF AGRICULTURE, THERE ARE AT LEAST 80,000 PLUS NATIVE FARMERS AND RANCHERS, FISHERS AND SILVICULTURISTS IN SOME OF THE MOST REMOTE COMMUNITIES IN RURAL AMERICA. D. 75 PERCENT OF THE NAFS'S TIME IS FOCUSED ON CAPITAL ACCESS AND FUNDRAISING TO SECURE CAPITAL FOR TO SUPPORT NATIVE AGRICULTURE. E. ALL NAFS' ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, GRANTS, AND AGREEMENTS FOR SERVICES, AND 75 PERCENT OF NAFS'S OVERALL EXPENSES ARE ALLOCATED TO THIS ACTIVITY. F. THIS ACTIVITY FURTHERS NAFS'S CHARITABLE EXEMPT PURPOSES BY PROMOTING SOCIAL WELFARE, IN THAT IT PROVIDES CAPITAL ACCESS AT LOW INTEREST RATES TO PERSONS WHO HAVE NOT AND DO NOT HAVE ACCESS TO TRADITIONAL MEANS OF CAPITAL, AND MORE BROADLY ELIMINATES PREJUDICE AND DISCRIMINATION AND COMBATS COMMUNITY DETERIORATION.
NAFS WILL PROVIDE, AT NOMINAL OR NO COST TO THE PARTICIPANT, EDUCATIONAL TRAINING AND TECHNICAL ASSISTANCE FOCUSING ON BUSINESS PLANNING, FINANCIAL AND RISK MANAGEMENT IN AGRICULTURE PRODUCTION, FINANCIAL LITERACY, AND RELATED TOPICS WHICH FORM THE BASIS FOR ACHIEVING SUSTAINABLE FARMING AND RANCHING, INCLUDING THE WORK OF FISHERS AND SILVICULTURISTS, WITHIN NATIVE COMMUNITIES. B. THIS ACTIVITY WILL BE CARRIED OUT BY THE EMPLOYEES AND LEADERSHIP OF NAFS, THEIR CONSULTANTS, AND THEIR PARTNER AND COLLABORATIVE ORGANIZATIONS. C. NAFS WILL SERVE THE AGRICULTURE SECTOR OF WHAT IS KNOWN AS INDIAN COUNTRY, WHICH SPANS ACROSS ALL STATES OF THE UNITED STATES. D. 25 PERCENT OF THE NAFS'S TIME IS DEVOTED TO THIS ACTIVITY. E. ALL NAFS' ACTIVITIES WILL BE FUNDED THROUGH DONATIONS, GRANTS, AND AGREEMENTS FOR SERVICES, AND 25 PERCENT OF NAFS'S OVERALL EXPENSES ARE ALLOCATED TO THIS ACTIVITY. F. THIS ACTIVITY FURTHERS NAFS'S EDUCATIONAL EXEMPT PURPOSES BY PROVIDING EDUCATIONAL SERVICES ON AGRICULTURE PRODUCTION, FINANCIAL LITERACY, AND RELATED TOPICS WHICH FORM THE BASIS FOR ACHIEVING SUSTAINABLE FARMING AND RANCHING, INCLUDING THE WORK OF FISHERS AND SILVICULTURISTS, WITHIN NATIVE COMMUNITIES, TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 10 | $29,000 |
Name Not Listed President | OfficerTrustee | 10 | $29,000 |
Name Not Listed Director | Trustee | 10 | $29,000 |
Name Not Listed Director | Trustee | 10 | $29,000 |
Name Not Listed Director | Trustee | 10 | $0 |
Name Not Listed CEO | Officer | 10 | $217,500 |
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 | $12,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,000,000 |
| Total Program Service Revenue | $0 |
| Investment income | $158,628 |
| 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 | $12,158,628 |
| 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. | $339,599 |
| Compensation of current officers, directors, key employees. | $339,599 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,656 |
| Payroll taxes | $13,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $1,650 |
| Office expenses | $12,848 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,430 |
| Travel | $37,273 |
| 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 | $632 |
| All other expenses | $0 |
| Total functional expenses | $466,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $508,970 |
| Savings and temporary cash investments | $11,776,844 |
| 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 | $25,100 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,260 |
| Total assets | $12,337,174 |
| Accounts payable and accrued expenses | $69,967 |
| Grants payable | $0 |
| Deferred revenue | $550,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,863 |
| Total liabilities | $644,830 |
| Net assets without donor restrictions | $10,692,344 |
| Net assets with donor restrictions | $1,000,000 |
| 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 | $12,337,174 |