Farming For The Future Foundtn Inc
- Assets
- $35.9m
- Revenue
- $7.1m
- Investments
- $49.2k
- Employees
- 0
- Location
- Hancock, WI
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-3939351
Organization Overview
Farming For The Future Foundtn Inc is located in Hancock, WI. The organization was established in 2017. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farming For The Future Foundtn 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 12/2023, Farming For The Future Foundtn Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AGRICULTURAL LITERACY, TO INCREASE THE UNDERSTANDING OF THE ORIGINS OF OUR FOOD, AND TO DEEPEN THE RELATIONSHIP BETWEEN FARMERS AND CONSUMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Pavelski President | 1 | $0 | |
Michelle L Peariso Treasurer | 5 | $0 | |
Dick Okray Secretary | 1 | $0 | |
Richard R Pavelski Director | 1 | $0 | |
Jordan Lamb Director | 1 | $0 | |
Andy Diercks Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jh Findorff & Son Inc | 12/30/23 | $8,558,990 |
Boston Productions Inc | 12/30/23 | $952,758 |
Universal Services Associates | 12/30/23 | $3,450,747 |
Bowen Technovation | 12/30/23 | $607,541 |
Lerdahl | 12/30/23 | $589,209 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,104,831 |
| Interest on Savings | $9,342 |
| Dividends & Interest | $10,218 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$16,636 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $12,207 |
| Other Income | $19,328 |
| Total Revenue | $7,139,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $507,790 |
| Pension plans, employee benefits | $109,895 |
| Interest | $451,007 |
| Taxes | $0 |
| Depreciation | $465,672 |
| Occupancy | $124,402 |
| Travel, conferences, and meetings | $25,961 |
| Printing and publications | $0 |
| Other expenses | $461,259 |
| Total operating and administrative expenses | $2,479,461 |
| Contributions, gifts, grants paid | $1,100 |
| Total expenses and disbursements | $2,480,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,936 |
| Savings and temporary cash investments | $25,334 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $58,981 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $35,569,762 |
| Other assets | $0 |
| Total assets | $35,904,247 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $10,699,364 |
| Total liabilities | $10,699,364 |
Grants Awarded
Over the last fiscal year, Farming For The Future Foundtn Inc has awarded $1,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OSSEO-FAIRCHILD SCHOOL DISTRICT PURPOSE: AG INNOVATION CHALLENGE 2023 1ST PLACE SPONSOR | $600 |
TOMAH AREA SCHOOL DISTRICT PURPOSE: AG INNOVATION CHALLENGE - 2ND AND 3RD PLACE SPONSOR | $500 |