Bountifield International
- Assets
- $475.5k
- Revenue
- $616.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Minneapolis, MN
- Founding
- 07/1981
- Data as of
- 06/2023
- EIN
- 41-1400421
Organization Overview
Bountifield International is located in Minneapolis, MN. The organization was established in 1981. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2023, Bountifield International employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bountifield International 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 06/2023, Bountifield International generated $616.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $961.0k during the year ending 06/2023. 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
BOUNTIFIELD IS A POSTHARVEST TECHNOLOGY SOLUTIONS PROVIDER FOR SMALLHOLDER FARMERS IN AFRICA, HELPING THE MOST VULNERABLE TO PROCESS THEIR FOOD MORE EFFICIENTLY AND BRING THEIR CROPS TO MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENYA PROGRAM57 ENTREPRENEURS REACHED OVER 70,000 PEOPLE IN KENYA; 114,000 HOURS OF WOMEN'S TIME SAVED, 3M KGS OF CROPS PROCESSED VALUING AT 1.5M USD. ONE IMPACT REPORT PUBLISHED AND MULTIPLE BLOGS AND ARTICLES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Wallace Past Chair | OfficerTrustee | 1 | $0 |
Bernhard Van Lengerich Vice Chair | OfficerTrustee | 1 | $0 |
Al Sullivan Treasurer | OfficerTrustee | 1 | $0 |
Renee Munro Director | Trustee | 1 | $0 |
Todd Harper Chair | Trustee | 1 | $0 |
Robert Wilcox Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $61,997 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $540,902 |
| Noncash contributions included in lines 1a–1f | $13,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $602,899 |
| Total Program Service Revenue | $524 |
| Investment income | $4,840 |
| 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 | $616,026 |
| 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. | $104,200 |
| Compensation of current officers, directors, key employees. | $5,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $197,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,415 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,588 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,252 |
| Office expenses | $24,327 |
| Information technology | $374 |
| Royalties | $0 |
| Occupancy | $26,531 |
| Travel | $77,948 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,725 |
| All other expenses | $36,062 |
| Total functional expenses | $961,012 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,000 |
| Savings and temporary cash investments | $186,812 |
| Pledges and grants receivable | $105,250 |
| 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 | $49,927 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $131,504 |
| Total assets | $475,493 |
| Accounts payable and accrued expenses | $41,753 |
| 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 | $72,913 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $114,666 |
| Net assets without donor restrictions | $68,022 |
| Net assets with donor restrictions | $292,805 |
| 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 | $475,493 |