Freedmen Heirs Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 853033433 ✦ Germantown, MD ✦ Designated as a 501(c)(3)

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Overview

What is Freedmen Heirs Foundation Inc?

Freedmen Heirs Foundation Inc. is a nonprofit organization situated in Germantown, Maryland, with a mission to uplift and sustain Black farmers and landowners. The foundation offers technical assistance, financial aid, and market access to bridge the gap between these farmers and the marketplace. By doing so, Freedmen Heirs Foundation aims to foster economic growth and socially responsible opportunities within the U.S. agriculture sector. Besides this, they also work on addressing barriers and market opportunities for farmers and stakeholders, preparing for new grant programs, and maintaining outreach efforts to connect buyers and farmers.


Official website here: www.freedmenheirs.org

Is Freedmen Heirs Foundation Inc legitimate?

Freedmen Heirs Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedmen Heirs Foundation 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: $137,512
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,333

For more financial information, click here


Official website here: www.freedmenheirs.org

What is the mission statement of Freedmen Heirs Foundation Inc?

The Freedmen Heirs Foundation Inc., as a nonprofit organization, is committed to advancing the visibility, financial success, and longevity of Black farmers and landowners. They achieve this mission by offering technical assistance, facilitating access to capital, and providing opportunities for new market entry. The Foundation is actively working to bridge the divide between these farmers and the marketplace, thereby fostering economically and socially responsible prospects.


Official website here: www.freedmenheirs.org

Who is the CEO of Freedmen Heirs Foundation Inc?

Ronald Rainey is the President of Freedmen Heirs Foundation Inc.


Official website here: www.freedmenheirs.org

What is the revenue of Freedmen Heirs Foundation Inc?

Freedmen Heirs Foundation Inc's revenue in 2022 was $199,484.


Official website here: www.freedmenheirs.org

Who are the executives of Freedmen Heirs Foundation Inc and what are their salaries?


Here are 3 key members and their salaries:


Seanicaa Herron (Secretary)
  • Compensation: $137,512
  • Related: $0
  • Other: $0
Ronald Rainey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelee James (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.freedmenheirs.org

Where can I find the form 990 for Freedmen Heirs Foundation Inc?

Freedmen Heirs Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.freedmenheirs.org

Learn more at the official website: www.freedmenheirs.org

Mission Statement of Freedmen Heirs Foundation Inc

The Freedmen Heirs Foundation Inc, a nonprofit organization, is committed to elevating the prominence, prosperity, and sustainability of Black farmers and landowners in the United States. To achieve this mission, the foundation provides essential services such as technical assistance, access to capital, and opportunities for new market entry. By bridging the gap between Black farmers and the marketplace, the Freedmen Heirs Foundation is instrumental in catalyzing change within the U.S. agriculture sector. The organization's goal is to foster economically and socially responsible opportunities for Black farmers and landowners, thereby contributing to a more equitable and inclusive agricultural landscape.

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Impact




October, 2024

Freedmen Heirs Foundation Inc significantly impacts the agricultural landscape by empowering Black farmers and landowners. By providing critical technical assistance and facilitating access to capital, the foundation fosters both prominence and profitability within this community. Their initiatives, such as the Social Mass Balance, Fellowship, and Land Investment Fund programs, tackle systemic barriers that have historically hindered Black agricultural involvement, ensuring that these farmers can effectively enter new markets.

The foundation is actively engaged in bridging the gap between Black farmers and the broader marketplace, creating meaningful economic opportunities that not only uplift these individuals but also contribute to the sustainability of the agriculture sector as a whole. With the upcoming launch of the Climate Smart Commodity grant, Freedmen Heirs Foundation is poised to advance its mission further, enhancing outreach and connecting buyers directly with farmers. This approach not only addresses immediate economic needs but also lays the groundwork for long-term community resilience and environmental sustainability in agriculture.




This information is meant to be a general summary of Freedmen Heirs Foundation 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.

Revenue
$199,484 (2022)
Expenses
$201,721 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $145
  • Gross Receipts: $199,484

Assets and Liabilities:

  • Total Assets: $542,763
  • Total Liabilities: $0
  • Net Assets: $542,763

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Organization Details

Founding Year

2020

Principal Officer

Ronald Rainey

Main Address

21030 Frederick Road STE G 124, Germantown, MD, 20876

NTEE Category

Code: K01 - Food

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