Overview
What is Federation Of Southern Cooperativesland Assistance Fund?
The Federation of Southern Cooperativesland Assistance Fund is a nonprofit organization situated in East Point, Georgia. With a focus on rural development, it offers technical assistance to programs aimed at enhancing the economic conditions of low-income minority farmers, ranchers, and residents in under-resourced communities across Alabama. The organization's mission is to serve as a catalyst for the growth of self-sufficient communities through cooperative development, land retention, and various initiatives that boost income. The Federation of Southern Cooperativesland Assistance Fund operates with a dedicated team of 34 employees.
Official website here: www.federationcoop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Federation Of Southern Cooperatives Land Assistance Fund has achieved an 82% score on Charity Navigator, reflecting a solid performance in accountability and finance. The organization has a fully independent board, indicating strong governance practices, and has successfully avoided any material diversion of assets, which enhances its credibility and trustworthiness.
Strengths of the organization include a high program expense ratio of 77.51%, showing that the majority of funds are directed towards its programs rather than administrative costs. Additionally, the organization maintains a favorable liabilities to assets ratio of 16.05%, indicating financial stability. The presence of essential policies, such as a conflict of interest policy and document retention practices, further supports its operational integrity.
However, the charity's fundraising efficiency ratio raises concerns, as it scored 0 out of 25 points in this area. This suggests that the organization may face challenges in raising funds effectively, which could impact its sustainability in the long term. Moreover, the absence of a whistleblower policy could be seen as a limitation in its commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Federation Of Southern Cooperativesland Assistance Fund legitimate?
Federation Of Southern Cooperativesland Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Federation Of Southern Cooperativesland Assistance Fund 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: $127,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.federationcoop.com
What is the mission statement of Federation Of Southern Cooperativesland Assistance Fund?
The Federation of Southern Cooperatives Land Assistance Fund aims to serve as a catalyst for the development of self-sufficient communities. They accomplish this through cooperative development, land retention, and various initiatives that boost income. Their primary activity involves providing technical assistance to rural cooperative development programs, with the ultimate goal of improving the economic conditions of low-income minority farmers, ranchers, and residents living in under-resourced communities.
Official website here: www.federationcoop.com
What is the revenue of Federation Of Southern Cooperativesland Assistance Fund?
Federation Of Southern Cooperativesland Assistance Fund's revenue in 2023 was $6,281,834.
Official website here: www.federationcoop.com
Who are the executives of Federation Of Southern Cooperativesland Assistance Fund and what are their salaries?
The average compensation at Federation Of Southern Cooperativesland Assistance Fund during 2023 was $3,984. There are 32 employees and 50 volunteers at Federation Of Southern Cooperativesland Assistance Fund.
Here are 7 key members and their salaries:
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- Compensation: $127,562
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- Other: $0
Official website here: www.federationcoop.com
Where can I find the form 990 for Federation Of Southern Cooperativesland Assistance Fund?
Federation Of Southern Cooperativesland Assistance Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.federationcoop.com
Learn more at the official website: www.federationcoop.com
Mission Statement of Federation Of Southern Cooperativesland Assistance Fund
The Federation of Southern Cooperatives Land Assistance Fund is committed to serving as a catalyst for the development of self-sufficient communities. They achieve this mission through cooperative development, land retention, and various initiatives designed to enhance income levels. By providing technical assistance to rural cooperative development programs, this organization aims to improve the economic conditions of low-income minority farmers, ranchers, and residents living in under-resourced rural communities in Alabama. In essence, the Federation of Southern Cooperatives Land Assistance Fund works tirelessly to empower these communities and foster self-sufficiency.
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Impact
July, 2024
The Federation Of Southern Cooperativesland Assistance Fund has had a significant impact on the development of self-supporting communities through cooperative development, land retention, and other income-increasing initiatives. Specifically, they provide technical assistance to rural cooperative development programs in Alabama, aiming to improve the economic conditions of low-income minority farmers, ranchers, and residents living in under-resourced rural communities. Their efforts have helped empower these communities to work together, retain their land, and increase their income, ultimately contributing to a more sustainable and economically secure future for these individuals and regions.
This information is meant to be a general summary of Federation Of Southern Cooperativesland Assistance Fund. 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: $12,500
- Program Service Revenue: $330,366
- Gross Receipts: $6,281,834
Assets and Liabilities:
- Total Assets: $9,015,218
- Total Liabilities: $1,793,495
- Net Assets: $7,221,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$36,195
MANAGEMENT INCOME
Revenue
$294,171
Organization Details
Founding Year
1967
Principal Officer
Cornelius Blanding
Website
www.federationcoop.comNTEE Category
Code: K21Z - Food
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