Overview
What is Akiptan Inc?
Akiptan Inc, based in Eagle Butte, South Dakota, is a nonprofit organization dedicated to revolutionizing investment in agricultural pursuits within Indian Country. With a focus on showcasing the advantages of innovative strategies, Akiptan aims to serve as a pioneer, encouraging other lenders to invest in the credit-starved areas of Indian Country. Their mission is to transform the investment paradigm in Indian Country's agriculture and food systems, ultimately contributing to sustainable growth and development. Akiptan Inc employs a team of 12 individuals to drive this impactful change.
Official website here: www.akiptan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating on Charity Navigator)
Akiptan Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization received a perfect score of 100% for its independent board composition and demonstrated exceptional oversight with its audit and financial reporting practices. The high program expense ratio indicates that a significant portion of its funds is directed towards its mission-driven activities.
Strengths highlighted include the absence of material asset diversion and the presence of comprehensive governance policies, such as conflict of interest and whistleblower policies. Additionally, the organization has a solid liabilities to assets ratio, showcasing its financial stability. The working capital ratio suggests that it has more than enough resources to cover its operational needs for many years ahead.
However, the fundraising efficiency ratio indicates a very low cost of fundraising, which may imply that while the organization is effective in its financial management, there might be room for improvement in increasing fundraising effectiveness. Overall, Akiptan Inc exhibits strong governance and financial practices, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Akiptan Inc legitimate?
Akiptan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akiptan 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: $111,085
Professional Fundraising Fees: $0
Other Salaries and Wages: $330,242
For more financial information, click here
Official website here: www.akiptan.org
What is the mission statement of Akiptan Inc?
Akiptan Inc's mission is to revolutionize investment in agriculture and food systems within Indian Country. By serving as a conduit for financial backing, Akiptan aims to demonstrate the success of innovative strategies in this field. By leading other lenders into the credit deserts of Indian Country, Akiptan intends to change the paradigm of investment in agriculture, ultimately benefiting the community. The organization is committed to proving the positive impacts of these innovative strategies, with the ultimate goal of encouraging broader investment in this sector.
Official website here: www.akiptan.org
Who is the CEO of Akiptan Inc?
Tomie Peterson is the Board Chair of Akiptan Inc.
Official website here: www.akiptan.org
What is the revenue of Akiptan Inc?
Akiptan Inc's revenue in 2022 was $5,427,614.
Official website here: www.akiptan.org
Who are the executives of Akiptan Inc and what are their salaries?
The average compensation at Akiptan Inc during 2022 was $36,777. There are 12 employees at Akiptan Inc.
Here are 9 key members and their salaries:
- Compensation: $111,085
- Related: $0
- Other: $20,401
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.akiptan.org
Where can I find the form 990 for Akiptan Inc?
Akiptan Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.akiptan.org
Learn more at the official website: www.akiptan.org
Mission Statement of Akiptan Inc
Akiptan Inc, a nonprofit organization, is committed to revolutionizing investment in agriculture and food systems within Indian Country. Their mission is to challenge and transform the existing paradigm of financing in this sector. By demonstrating the effectiveness of innovative investment strategies, Akiptan serves as a catalyst, encouraging other lenders to venture into the credit-starved regions of Indian Country.
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
Akiptan Inc is playing a crucial role in transforming the investment landscape in Indian Country agriculture and food systems. By pioneering innovative strategies and serving as a conduit for investment in agricultural ventures, Akiptan is not only driving positive change but also inspiring other lenders to follow suit. Their impact extends beyond mere financial transactions, as they are actively working to address credit deserts in Indian Country and showcase the immense potential for growth and development in this sector. Through their dedicated efforts, Akiptan is reshaping the opportunities available to Native American communities and paving the way for a more sustainable and prosperous future.
This information is meant to be a general summary of Akiptan 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: $4,019
- Program Service Revenue: $462,170
- Gross Receipts: $5,427,614
Assets and Liabilities:
- Total Assets: $18,998,065
- Total Liabilities: $4,992,257
- Net Assets: $14,005,808
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.
LOAN INTEREST
Revenue
$356,727
BAD DEBT COLLECTION
Revenue
$62,723
CONTRACT INCOME
Revenue
$42,720
Organization Details
Founding Year
2017
Phone
(605) 964-8081Principal Officer
Tomie Peterson
Main Address
PO BOX 858 412 S MAIN ST SUITE E, EAGLE BUTTE, SD, 57625
Website
www.akiptan.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Akiptan Inc 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.