Agricultural Lending Institute Inc is located in Clovis, CA. The organization was established in 2016. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, 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. Agricultural Lending Institute Inc 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, Agricultural Lending Institute Inc generated $76.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $88.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE IN-DEPTH TRAINING FOR INDUSTRY PROFESSIONALS TO SUCCEED IN AGRICULTURAL FINANCE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Covington Director/pres. | 4 | $0 | |
Roy S Martin Director/cfo | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,000 |
| Total Program Service Revenue | $73,650 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,650 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,170 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $14,624 |
| Other expenses | $56,917 |
| Total expenses | $88,711 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,770 |
| Other assets | $0 |
| Total assets | $56,770 |
| Total liabilities | $0 |
| Net assets or fund balances | $56,770 |
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