Overview
What is New York Farm Viability Institute Inc?
New York Farm Viability Institute Inc is a farmer-led nonprofit organization, headquartered in Syracuse, New York. With a mission to strengthen and diversify the agricultural sector in the state, the Institute provides grant funding for applied research and educational projects aimed at increasing farm profitability and serving as examples for other farming enterprises. Over the past fiscal year, the Institute has initiated seven new projects, completed six projects, and received 35 new applications. Dedicated to working with farms of various sizes, sectors, and locations in New York, the Institute offers support in areas such as research, education, information transfer, technology adoption, business planning, and market analysis, ultimately fostering a thriving agriculture business sector in New York State.
Official website here: www.nyfvi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
The New York Farm Viability Institute Inc has received a notable Four-Star rating from Charity Navigator, reflecting its exceptional accountability and finance practices. The charity scored a remarkable 96% in this category, indicating a strong commitment to transparency and financial health. This rating is based solely on one beacon score, showcasing the organization’s effective management of resources.
One of the significant strengths of the Institute lies in its governance structure. It boasts a fully independent board, with 100% of its members not affiliated with the organization, which enhances accountability. Additionally, the Institute has a solid framework for oversight and compliance, with comprehensive policies in place, including conflict of interest and whistleblower policies, ensuring ethical operations and decision-making processes.
Despite its strengths, the data does not indicate any specific limitations or concerns regarding the organization's financial practices or governance. With a program expense ratio of 92.48%, the Institute demonstrates a strong commitment to utilizing its funds for programmatic activities, further emphasizing its effectiveness in fulfilling its mission. Overall, the New York Farm Viability Institute Inc stands out as a well-managed nonprofit dedicated to supporting farm viability in the state.
This AI summary has been generated from information found on Charity Navigator.
Is New York Farm Viability Institute Inc legitimate?
New York Farm Viability Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Farm Viability Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $304,952
For more financial information, click here
Official website here: www.nyfvi.org
What is the mission statement of New York Farm Viability Institute Inc?
The New York Farm Viability Institute is a farmer-led non-profit organization that provides grant funding for applied research and outreach education projects. Its mission is to assist farms in increasing their profitability and serving as models for other farms. The Institute works with farms of various sizes, sectors, production practices, and locations in New York State. It aims to foster a thriving agriculture business sector by supporting applied research, outreach education, information transfer, adoption of technology, business planning, and market analysis. By promoting practical solutions to challenges facing New York's farms, the Institute strives to contribute to the overall improvement and sustainability of the agricultural industry.
Official website here: www.nyfvi.org
Who is the CEO of New York Farm Viability Institute Inc?
David Grusenmeyer is the Chair of New York Farm Viability Institute Inc.
Official website here: www.nyfvi.org
What is the revenue of New York Farm Viability Institute Inc?
New York Farm Viability Institute Inc's revenue in 2023 was $700,090.
Official website here: www.nyfvi.org
Who are the executives of New York Farm Viability Institute Inc and what are their salaries?
The average compensation at New York Farm Viability Institute Inc during 2023 was $76,238. There are 4 employees and 9 volunteers at New York Farm Viability Institute Inc.
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Official website here: www.nyfvi.org
Where can I find the form 990 for New York Farm Viability Institute Inc?
New York Farm Viability Institute Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nyfvi.org
Learn more at the official website: www.nyfvi.org
Mission Statement of New York Farm Viability Institute Inc
The New York Farm Viability Institute is a farmer-led, non-profit organization that plays a significant role in supporting the agricultural sector in New York State. Its mission is to fund applied research and outreach education projects that aim to enhance the profitability of farms and serve as models for other farms. This institute is dedicated to working with farms of various sizes, sectors, production practices, and locations within the state.
The New York Farm Viability Institute actively works towards fostering a thriving agriculture business sector in the state by promoting applied research, outreach education, information transfer, the adoption of technology, business planning, and market analysis. By providing practical solutions to the challenges faced by New York's farms, this institute contributes to the overall growth and success of the agricultural industry in the state. The organization's farmer-led approach ensures that its initiatives are tailored to the specific needs and challenges of local farms, making it an invaluable resource for farmers seeking to improve their operations and increase their profits.
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Impact
July, 2024
New York Farm Viability Institute Inc's impact is significant in promoting a vibrant agricultural sector in New York. By providing grant funding to applied research and outreach education projects, the institute helps farms increase profit and serves as a model for other farms. Through initiatives like supporting technology adoption, business planning, and market analysis, the institute contributes to the overall success and sustainability of farming enterprises in the state. In the last fiscal year alone, the organization initiated 7 new projects, completed 6 projects, and received 35 new applications, showcasing its active role in advancing agricultural practices and addressing challenges faced by New York farms.
This information is meant to be a general summary of New York Farm Viability Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $7,548
- Gross Receipts: $700,090
Assets and Liabilities:
- Total Assets: $413,462
- Total Liabilities: $41,184
- Net Assets: $372,278
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Organization Details
Founding Year
2005
Phone
(315) 453-3823Principal Officer
David Grusenmeyer
Main Address
159 DWIGHT PARK CIRCLE 104, SYRACUSE, NY, 13209
Website
www.nyfvi.orgNTEE Category
Code: K20 - Food
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