Mad Agriculture
- Assets
- $946.6k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Boulder, CO
- Founding
- 12/2019
- Data as of
- 01/2022
- 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 01/2022, 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 01/2022, Mad Agriculture generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $1.7m during the year ending 01/2022. While expenses have increased by 44.8% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2022
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
PERENNIAL FUND DEVELOPMENT WE REPLACE OPERATING LOANS WITH CAPITAL THAT INVIGORATES THE IMAGINATION LIBERATES THEM FROM THE INDUSTRIAL 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 IN THE SAME. THE HEALTH OF THE SOIL AND ALL PEOPLE IS ONE AND INDIVISIBLE. ACTIVITIES INVOLVED IN THIS PROGRAM INVOLVED FUND DEVELOPMENT AND FUNDRAISING 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.
REGENERATIVE ORGANIC MARKETS MAD MARKETS HELPS FARMERS PROCESSORS AND BRANDS MEET THEIR REGENERATIVE 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 & SOURCING STRATEGIES. ACTIVITIES INCLUDED FARM VISITS AND CROP MARKET CONSULTATIONS MARKET RESEARCH AND ANALYSIS CONFERENCE ATTENDANCE TRAVEL MARKET NETWORK DEVELOPMENT CROP BROKERAGE BRAND SUPPORT COOPERATIVE CONSULTATION.
REGENERATIVE STEWARDSHIP CURRICULUM MAD AGRICULTURES REGENERATIVE STEWARDSHIP CURRICULUM IS DESIGNED TO HELP ALL WHO ARE INTERESTED IN REGENERATION TO GAIN A BETTER UNDERSTANDING OF HOW ONES LAND AND BUSINESS CAN COMMIT AND CONTRIBUTE TO REGENERATIVE AGRICULTURE. WE HAVE DEVELOPED A ROBUST RESOURCE LIBRARY INCLUDING SEVERAL ORIGINAL WEB PAGES VIDEOS FRAMEWORKS AND GUIDES.THE MATERIALS ARE USED INTERNALLY BY THE LAND AND BUSINESS TECHNICAL ASSISTANCE TEAM AS WELL AS PROVIDED TO EXTERNAL PARTIES TO USE FREEOFCHARGE. WE ALSO PROVIDE TRAINING AND WEBINARS FOR GROUPS THAT WANT TO LEARN MORE ABOUT THE CURRICULUM.ACTIVITIES INCLUDED FARM VISITS AND CONSULTATIONS RESEARCH CONFERENCE ATTENDANCE TRAVEL RESOURCE DEVELOPMENT GRAPHIC DESIGN AND GENERAL SUPPLIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Taylor Executive Director | 45 | $173,273 | |
Tanner Starbard VP - Operations Land Business | Officer | 45 | $124,726 |
Brandon Welch Director Of Capital | Officer | 45 | $124,591 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $613,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,546,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,160,279 |
| Total Program Service Revenue | $37,023 |
| Investment income | $705 |
| 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 | $2,209,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,408 |
| 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. | $422,590 |
| Compensation of current officers, directors, key employees. | $422,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,722 |
| Payroll taxes | $66,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,991 |
| Fees for services: Accounting | $4,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,100 |
| Advertising and promotion | $40,219 |
| Office expenses | $36,981 |
| Information technology | $20,199 |
| Royalties | $0 |
| Occupancy | $57,443 |
| Travel | $80,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,923 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,684 |
| Insurance | $11,445 |
| All other expenses | $0 |
| Total functional expenses | $1,739,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,917 |
| Savings and temporary cash investments | $90,166 |
| 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 | $31,662 |
| Net Land, buildings, and equipment | $35,853 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $946,598 |
| Accounts payable and accrued expenses | $2,987 |
| 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 | $3,187 |
| Total liabilities | $81,174 |
| Net assets without donor restrictions | $865,424 |
| 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 | $946,598 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Mad Agriculture has recieved totaling $1,149,500.
| Awarding Organization | Amount |
|---|---|
Woka Foundation Newbury Park, CA PURPOSE: DEVELOP CAPITAL AND MARKET VALUE OFFERINGS THAT HELP FARMERS ACCELERATE THE TRANSITION TO REGENERATIVE AND ORGANIC AGRICULTURE. | $250,000 |
Woka Foundation Newbury Park, CA PURPOSE: DEVELOP CAPITAL AND MARKET VALUE OFFERINGS THAT HELP FARMERS ACCELERATE THE TRANSITION TO REGENERATIVE AND ORGANIC AGRICULTURE. | $250,000 |
Paul And June Rossetti Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
Zarpet Family Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $100,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $75,000 |
The Community Foundation Boulder, CO PURPOSE: General operating support and Shared Learning Collaborative | $51,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Waste Not Inc Scottsdale, AZ | $1,345,358 | $7,223,049 |
Mad Agriculture Boulder, CO | $946,598 | $2,209,481 |
Arizona Cattle Industry Research And Educational Foundation Mesa, AZ | $3,819,717 | $254,307 |
Black Phoenix Organizing Collective Phoenix, AZ | $600,794 | $657,412 |
International Milling Education Foundation Lenexa, KS | $1,969,073 | $153,828 |
Meadowlark Hearth Living Environment Foundation Scottsbluff, NE | $444,406 | $0 |
Angies Option Grm Lehi, UT | $2,558 | $3,663 |