Overview
What is Kansas Farm Management Assoc Se?
Kansas Farm Management Association SE, located at 640 N MAIN, El Dorado, KS 67042, is a nonprofit organization dedicated to extension education. They work closely with 365 farming families, providing them with valuable insights into farm business management and the importance of maintaining accurate records. One of their primary objectives is to collect data from farmers regarding the cost of producing various farm commodities. With a team of nine dedicated individuals, Kansas Farm Management Association SE aims to empower farmers with the necessary tools and knowledge to effectively manage their operations, ultimately contributing to the success of the agriculture sector in Kansas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Kansas Farm Management Association Southeast has received a two-star rating from Charity Navigator, indicating a performance that needs improvement. While the organization excels in accountability and financial management, scoring a perfect 100% in this area, there are significant gaps in transparency and compliance with best practices. These shortcomings are reflected in the absence of required financial statements and various policies that are vital for governance and accountability.
The organization demonstrates strength in its financial ratios, with a program expense ratio of 85%, suggesting that a substantial portion of its resources is directed towards its mission. It also has a low liabilities to assets ratio of 2.31%, which indicates sound financial health. However, the lack of crucial transparency measures, such as a conflict of interest policy and whistleblower protections, raises concerns about its governance practices.
Overall, while the Kansas Farm Management Association Southeast exhibits strong financial management, the significant deficiencies in transparency and policy implementation highlight the need for improvement to build trust and credibility within the community it serves. Addressing these issues could enhance its rating and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Kansas Farm Management Assoc Se legitimate?
Kansas Farm Management Assoc Se is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kansas Farm Management Assoc Se 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: $71,095
For more financial information, click here
What is the mission statement of Kansas Farm Management Assoc Se?
The Kansas Farm Management Association's mission, as an extension education organization, is to work with approximately 365 farming families. Their primary goal is to educate these families on effective farm business management strategies and the significance of maintaining accurate records. Additionally, they collect data from farmers regarding the cost of producing various farm commodities. This information gathering aims to provide farmers with valuable insights to improve their operations.
Who is the CEO of Kansas Farm Management Assoc Se?
Don Montgomery is the President of Kansas Farm Management Assoc Se.
What is the revenue of Kansas Farm Management Assoc Se?
Kansas Farm Management Assoc Se's revenue in 2022 was $739,524.
Who are the executives of Kansas Farm Management Assoc Se and what are their salaries?
The average compensation at Kansas Farm Management Assoc Se during 2022 was $7,899. There are 9 employees at Kansas Farm Management Assoc Se.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kansas Farm Management Assoc Se?
Kansas Farm Management Assoc Se's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kansas Farm Management Assoc Se
Kansas Farm Management Associates (KFMA) is committed to extension education, specifically focusing on working with 365 farming families. Their mission involves educating these families on effective farm business management and the importance of maintaining accurate records. Furthermore, KFMA gathers data from farmers regarding the cost of producing various farm commodities. This information gathering serves to provide a comprehensive understanding of farming economics, enabling farmers to make informed decisions about their operations. By offering this extension education, KFMA aims to empower farmers and contribute to the overall success of the agricultural industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Kansas Farm Management Assoc Se has a significant impact on farming communities by providing extension education to 365 families. They educate these families on farm business management and stress the importance of keeping good records. Additionally, they gather crucial data from farmers regarding the cost of producing farm commodities. This comprehensive approach helps improve the efficiency and profitability of farm operations in the community.
This information is meant to be a general summary of Kansas Farm Management Assoc Se. 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: $4,594
- Program Service Revenue: $734,930
- Gross Receipts: $739,524
Assets and Liabilities:
- Total Assets: $456,057
- Total Liabilities: $328
- Net Assets: $455,729
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees for Services
Revenue
$613,004
MEMBERSHIP DUES
Revenue
$121,926
Organization Details
If you are a representative of Kansas Farm Management Assoc Se and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.