Overview
What is Farm Aid Inc?
Farm Aid Inc, based in Cambridge, Massachusetts, is a nonprofit organization dedicated to supporting American farmers. Facing challenges such as the pandemic, a consolidating market, extreme weather, rising costs, and market changes, Farm Aid advocates for fair policies that benefit farmers and ranchers. Through their hotline and extensive network of rural support organizations, they offer immediate assistance to farmers in crisis, as well as guidance for transitioning to sustainable farming practices. In 2022, they received over 800 requests for help, with the majority coming from the South and Midwest. Farm Aid also engages in marketing and outreach strategies to build partnerships with Spanish/farmworker organizations. Their hotline operators receive various trainings to better serve farmers, and they provide emergency grants and resources to support farmers' needs. Their online Farmer Resource Network offers a database of over 1,500 resources, connecting farmers with services, organizations, and businesses to address challenges and create opportunities. In 2022, they increased the resources in their network and improved its accessibility.
Official website here: www.farmaid.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Farm Aid Inc has received a Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization scores 95% in the Accountability & Finance category, indicating strong governance practices and effective resource management. Key strengths include a fully independent board, absence of asset diversion, and well-documented policies for conflicts of interest, whistleblower protections, and document retention.
The charity demonstrates financial prudence with an impressive program expense ratio of 83.61%, showing that a significant portion of its funds directly supports its mission. Additionally, the organization maintains a low liabilities to assets ratio of 5.91% and a robust working capital ratio of 3.91 years, which suggests it is well-positioned to sustain its operations and meet future financial obligations.
While the rating reflects many strengths, potential donors can consider these metrics as indicators of Farm Aid's commitment to transparency and effectiveness. Overall, Farm Aid Inc stands out as a financially stable nonprofit dedicated to its mission, making it a trustworthy choice for those looking to support agricultural initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Farm Aid Inc legitimate?
Farm Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farm Aid 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: $159,228
Professional Fundraising Fees: $0
Other Salaries and Wages: $861,987
For more financial information, click here
Official website here: www.farmaid.org
What is the mission statement of Farm Aid Inc?
Farm Aid Inc's mission is centered around establishing a thriving agricultural system that prioritizes family farms in America. To achieve this, the organization hosts an annual festival with the support of its artists and board members, including Willie Nelson, John Mellenkamp, Neil Young, and Dave Matthews. The primary goal of this event is to raise funds for Farm Aid's initiatives, which aim to assist family farmers and encourage people to opt for food sourced from family farms. Since its inception in 1985, Farm Aid has managed to raise over $60 million for such programs, contributing to the betterment of family farmers and promoting the importance of food from family farms. The organization's efforts also aim to propagate the Good Food Movement, challenge the dominant system of industrial agriculture, and advocate for food sourced from family farms.
Official website here: www.farmaid.org
Who is the CEO of Farm Aid Inc?
Glenda Yoder is the Chairman/Director of Farm Aid Inc.
Official website here: www.farmaid.org
What is the revenue of Farm Aid Inc?
Farm Aid Inc's revenue in 2022 was $4,720,689.
Official website here: www.farmaid.org
Who are the executives of Farm Aid Inc and what are their salaries?
The average compensation at Farm Aid Inc during 2022 was $56,734. There are 18 employees and 360 volunteers at Farm Aid Inc.
Here are 15 key members and their salaries:
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- Compensation: $106,837
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- Other: $29,603
Official website here: www.farmaid.org
Where can I find the form 990 for Farm Aid Inc?
Farm Aid Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.farmaid.org
Learn more at the official website: www.farmaid.org
Mission Statement of Farm Aid Inc
Farm Aid Inc, a renowned nonprofit organization, is committed to establishing a prosperous, farmer-focused agricultural system across America. The mission of Farm Aid is multifaceted, encompassing support for family farmers, fostering the expansion of the Good Food Movement, and advocating for change in the dominant industrial agriculture system. Through their annual festival, Farm Aid's founders, artists Willie Nelson, John Mellenkamp, Neil Young, and Dave Matthews, rally public support for family farmers. Since its inception in 1985, Farm Aid has successfully raised over $60 million, channeling these funds towards programs that empower and sustain family farmers, thereby promoting the consumption of food produced on family farms.
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Impact
October, 2024
Farm Aid Inc significantly impacts the agricultural landscape in the United States by advocating for a vibrant, family-farm-centered system. In the face of ongoing challenges, including pandemic repercussions and market consolidation favoring large corporations, Farm Aid actively supports farmers through direct assistance and resource mobilization.
In 2022, the organization saw a marked increase in demand for its services, with over 829 contacts through their hotline. This influx reflects the growing need for support among farmers grappling with climate change, rising costs, and market shifts. The hotline not only provides immediate relief but also connects farmers with a vast network of resources, promoting sustainable farming practices and facilitating transitions for those looking to adopt new methods.
Farm Aid’s efforts extend beyond direct aid; they engage in policy advocacy aimed at creating fair market conditions and equitable opportunities for all farmers. Their strategic partnerships, such as hiring a Spanish hotline operator, illustrate their commitment to inclusivity and meeting diverse needs within the farming community.
In terms of financial support, the organization disbursed over $42,500 in emergency grants to families in crisis, ensuring that essential household expenses are covered. Additionally, substantial end-of-year grants totaling $399,000 were awarded to organizations that help farmers access vital resources for sustainable growth and resilience.
Through their interactive Farmer Resource Network, which expanded its offerings significantly in 2022, Farm Aid is making strides in addressing challenges while creating new opportunities for farmers. Their annual festival, featuring renowned artists, not only raises funds but also raises awareness and inspires consumers to choose food from family farms.
Overall, Farm Aid Inc plays a crucial role in uplifting family farmers, advocating for systemic change in agriculture, and promoting a more resilient and equitable food system.
This information is meant to be a general summary of Farm Aid 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: -$11,918
- Program Service Revenue: $31,736
- Gross Receipts: $7,435,322
Assets and Liabilities:
- Total Assets: $12,312,057
- Total Liabilities: $728,824
- Net Assets: $11,583,233
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOMEGROWN CONCESSIONS LICENSE FEE
Revenue
$29,974
HOMEGROWN YOUTHMARKET SALES
Revenue
$1,762
Organization Details
Founding Year
1985
Phone
(617) 354-2922Principal Officer
Glenda Yoder
Main Address
501 CAMBRIDGE STREET 3RD FLOOR, CAMBRIDGE, MA, 02141
Website
www.farmaid.orgNTEE Category
Code: K120 - Food
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