Overview
What is Agricap Fund Inc?
Agricap Fund Inc is a nonprofit organization situated in Sioux Falls, South Dakota. Its primary mission is to enhance the conditions, efficiency, and economic growth within South Dakota's corn farming sector. This is achieved through preserving and improving existing farming practices, promoting research and development in live sciences and technology, and offering opportunities for sustainable economic growth in the face of agriculture's evolving landscape. The organization's activities are geared towards improving the overall well-being of its members and the agriculture industry as a whole.
Is Agricap Fund Inc legitimate?
Agricap Fund Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Agricap Fund 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: $0
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What is the mission statement of Agricap Fund Inc?
Agricap Fund Inc's mission is centered around enhancing conditions, efficiency, and economic growth in the evolving agriculture sector. The organization strives to improve the situation of corn producers in South Dakota by preserving and enhancing existing farming practices. Additionally, Agricap Fund Inc aims to foster a high level of efficiency in agriculture and related fields by promoting research, development, and the utilization of advanced live sciences and technology. Lastly, the fund provides its members with opportunities for sustainable economic growth in the face of changing agriculture environments. The fund may also pursue other purposes permitted for nonprofit corporations under law, subject to the approval of its board of directors.
Who is the CEO of Agricap Fund Inc?
Keith Alverson is the President of Agricap Fund Inc.
What is the revenue of Agricap Fund Inc?
Agricap Fund Inc's revenue in 2022 was $2,597,817.
Who are the executives of Agricap Fund Inc and what are their salaries?
There 6 volunteers at Agricap Fund Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Agricap Fund Inc?
Agricap Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agricap Fund Inc
Agricap Fund Inc, as a nonprofit organization, is dedicated to enhancing the conditions, efficiency, and economic growth in the evolving agriculture sector. Its mission is multifaceted, encompassing three key objectives. Firstly, Agricap Fund Inc aims to improve the situation of corn producers in South Dakota by preserving and enhancing existing farming practices. Secondly, the fund is committed to fostering a high degree of efficiency in agriculture and related fields through the development and promotion of cutting-edge live sciences and technology. Lastly, Agricap Fund Inc provides its members with the opportunity for sustainable economic growth in the ever-changing agriculture environment. In addition to these objectives, the fund may engage in other purposes permitted for a nonprofit corporation under law, subject to the approval of its board of directors.
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Impact
October, 2024
Agricap Fund Inc significantly impacts the agricultural landscape, particularly for corn producers in South Dakota. By focusing on improving farming conditions and practices, the fund enhances the overall efficiency of agricultural operations. This is achieved through research and development in life sciences and technology, fostering innovation that leads to sustainable agricultural methods.
Moreover, Agricap Fund Inc plays a pivotal role in empowering local farmers with opportunities for economic growth by adapting to the evolving challenges in the agricultural sector. This commitment to advancing agricultural practices not only benefits individual producers but also contributes to the broader economic stability of the community, ensuring that the agricultural sector can thrive amidst changing environmental and market conditions. Through its initiatives, Agricap Fund Inc is instrumental in shaping a resilient and prosperous future for the agriculture industry in South Dakota.
This information is meant to be a general summary of Agricap Fund 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 2022.
- Investment Income: $250,164
- Program Service Revenue: $2,347,653
- Gross Receipts: $2,988,077
Assets and Liabilities:
- Total Assets: $18,171,706
- Total Liabilities: $0
- Net Assets: $18,171,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT INCOME-PROGRAM
Revenue
$1,742,571
DISTRIBUTION INCOME-PROGRAM
Revenue
$605,082
Organization Details
Founding Year
2012
Phone
(605) 334-0100Principal Officer
Keith Alverson
Main Address
4712 S TECHNOPOLIS DR, SIOUX FALLS, SD, 57106
NTEE Category
Code: K03 - Food
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