Overview
What is Mad Agriculture?
Mad Agriculture is a nonprofit organization situated in Boulder, Colorado, specifically at 728 Pearl Street. Their primary objective is to facilitate a shift towards organic and regenerative farming practices by offering capital in lieu of operating loans. This liberates farmers from debt obligations linked to Genetically Modified Organisms (GMOs) and synthetic inputs. Mad Agriculture provides an organic transition plan for farmers at no additional cost, ensuring a sustainable off-market outlet for their crops. The payback is contingent upon the farmers' success, with a revenue share tailored to each farm. The organization's mission, to catalyze a regenerative agricultural revolution, is achieved through comprehensive support that encompasses fund development, legal and accounting services, marketing, and farmer consultation.
Official website here: www.madagriculture.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. This rating indicates that Mad Agriculture meets some standards of accountability and transparency but has areas that need improvement. The organization achieved a perfect score for having a fully independent board and maintaining policies for conflict of interest and whistleblowing, which demonstrates a commitment to ethical governance.
Strengths include strong financial management, as evidenced by a low liabilities to assets ratio of 22.17%, reflecting a stable financial position. The program expense ratio stands at 63.51%, indicating that a substantial portion of the organization's expenses is directed towards its programs. This suggests that Mad Agriculture is focused on fulfilling its mission rather than excessive administrative costs.
However, notable limitations include a lack of available financial statements, which significantly impacted its overall score. This absence raises concerns regarding transparency and the ability of potential donors to assess financial health. Overall, while Mad Agriculture exhibits a commitment to ethical practices, improving transparency through better financial documentation could enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Mad Agriculture legitimate?
Mad Agriculture is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mad Agriculture 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: $309,156
Professional Fundraising Fees: $0
Other Salaries and Wages: $742,464
For more financial information, click here
Official website here: www.madagriculture.org
What is the mission statement of Mad Agriculture?
Mad Agriculture's mission is centered around fostering a regenerative revolution in the agricultural sector. They achieve this by providing comprehensive support to farmers, facilitating their transition to organic and regenerative farming practices. This is accomplished through the Mad Capital Perennial Fund, a unique initiative that replaces traditional operating loans with capital that supports the shift away from genetic modified seeds and synthetic inputs, thereby enabling the adoption of regenerative organic farming methods. The fund also develops an organic transition plan in collaboration with the farmers, offers an open market for their crops, and bases the payback on the farmers' success, ensuring a shared prosperity between Mad Agriculture and its partners. The overall goal is to promote the health of soil and all people, recognizing their interconnectedness.
Official website here: www.madagriculture.org
Who is the CEO of Mad Agriculture?
Philip Taylor is the Executive Director of Mad Agriculture.
Official website here: www.madagriculture.org
What is the revenue of Mad Agriculture?
Mad Agriculture's revenue in 2023 was $1,653,793.
Official website here: www.madagriculture.org
Who are the executives of Mad Agriculture and what are their salaries?
The average compensation at Mad Agriculture during 2023 was $105,162. There are 10 employees at Mad Agriculture.
Here are 4 key members and their salaries:
- Compensation: $179,306
- Related: $0
- Other: $0
- Compensation: $129,850
- Related: $0
- Other: $0
- Compensation: $112,050
- Related: $0
- Other: $0
- Compensation: $114,455
- Related: $0
- Other: $0
Official website here: www.madagriculture.org
Where can I find the form 990 for Mad Agriculture?
Mad Agriculture's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.madagriculture.org
Learn more at the official website: www.madagriculture.org
Mission Statement of Mad Agriculture
Mad Agriculture, a catalyst for farmers' transformation, is dedicated to driving a regenerative revolution in agriculture. Its mission is to provide systemic and individual support, helping farmers transition towards organic and regenerative farming practices. The organization aims to liberate farmers from debt obligations associated with Genetically Modified Organisms (GMO) seeds and synthetic inputs, enabling a smoother transition to sustainable, organic agriculture. Mad Agriculture achieves this by structuring its operations to ensure the success of its partners and the farmers are intertwined. The health of the soil and the people are seen as one and indivisible within their mission. Activities under this program include fund development and management, legal and accounting costs, advertising and marketing to attract farmer clients, travel to visit farms, and farmer due diligence for loan applications. Consultation with farmers is also a critical part of the process, as Mad Agriculture co-creates an organic transition plan with each farmer at no additional cost. The payback for Mad Agriculture's investment is based on the farmers' ability to thrive, with a revenue share tailored to the individual farm.
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Impact
July, 2024
Mad Agriculture's impact is transformative, as it catalyzes farmers' transition to organic and regenerative agriculture. By providing systemic and individual support, Mad Agriculture liberates farmers from the constraints of debt obligations imposed by traditional operating loans. Through initiatives like the Mad! Capital Perennial Fund, they empower farmers to break free from requirements for GMO seeds and synthetic inputs, enabling them to embrace regenerative organic practices. This approach not only benefits the farmers themselves but also promotes the health of the soil and community at large. Mad Agriculture's mission to spark a regenerative revolution in agriculture is aligned with a vision of interconnected well-being for all involved in the food system.
This information is meant to be a general summary of Mad Agriculture. 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: $493
- Program Service Revenue: $99,223
- Gross Receipts: $1,673,319
Assets and Liabilities:
- Total Assets: $377,225
- Total Liabilities: $83,641
- Net Assets: $293,584
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GE Transition Project
Revenue
$40,000
Perininial Promise Growers Co-op
Revenue
$20,890
PASA Dairy Project
Revenue
$10,500
Organization Details
Founding Year
2019
Phone
(805) 231-7462Principal Officer
Philip Taylor
Main Address
728 Pearl Street, BOULDER, CO, 80302
Website
www.madagriculture.orgNTEE Category
Code: K19 - Food
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