Overview
What is California Farmlink?
California Farmlink is a nonprofit organization situated in Aptos, California, with a mission to support the prosperity of farmers, ranchers, and fishermen. As a Community Development Financial Institution (CDFI), they provide financing, education, and land access to underprivileged, immigrant, and beginning agricultural producers and fishermen across California. With grant funding and expenses totaling over $2.3 million in 2022, they made 50 loans, each averaging around $113,463. Certified as a CDFI since 2013, they have expanded their impact through various initiatives, including acquiring a fishing business loan portfolio in 2021. For more detailed information, please refer to Schedule O.
Official website here: www.californiafarmlink.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
California Farmlink has achieved a strong overall rating of 90%, indicating a high level of accountability and effectiveness in its operations. With a perfect score in Leadership & Adaptability, the organization demonstrates robust governance practices, featuring a fully independent board and a commitment to transparency evidenced by its comprehensive financial policies.
The nonprofit excels in engaging with its community and addressing the needs of underserved farmers, particularly through innovative funding solutions like very-low-interest loans. Its investment in leadership development and equity strategies showcases a proactive approach to enhancing its impact within the agricultural sector.
However, while the program expense ratio is relatively strong at 70.51%, there is a notable area of concern regarding its liabilities to assets ratio, which received a lower score. This suggests a need for ongoing monitoring of financial health, but overall, California Farmlink remains a well-regarded organization with effective programs and governance.
This AI summary has been generated from information found on Charity Navigator.
Is California Farmlink legitimate?
California Farmlink is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Farmlink 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: $241,863
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,667,316
For more financial information, click here
Official website here: www.californiafarmlink.org
What is the mission statement of California Farmlink?
California Farmlink, functioning as a Community Development Financial Institution, invests in the prosperity and well-being of farmers, ranchers, and fishermen who face limited access to financial resources. The organization's mission is to support these individuals by providing financing, education, and facilitating land access. Through its Farm and Ranch Prosperity Loan Program, California Farmlink offers financial aid to low-income, underserved, immigrant, and beginning agricultural producers and fishers across the state. Since being certified as a CDFI in 2013, the organization has expanded its impact and in 2021, acquired a portfolio of fishing business loans. In 2022, California Farmlink made 50 loans, with an average loan size of $113,463. More details can be found in Schedule O.
Official website here: www.californiafarmlink.org
Who is the CEO of California Farmlink?
Reginald V Knox is the Board Member of California Farmlink. The CEO's salary of California Farmlink is $140,825 and their total compensation is $165,710.
Official website here: www.californiafarmlink.org
What is the revenue of California Farmlink?
California Farmlink's revenue in 2022 was $3,481,187.
Official website here: www.californiafarmlink.org
Who are the executives of California Farmlink and what are their salaries?
The average compensation at California Farmlink during 2022 was $61,586. There are 31 employees and 23 volunteers at California Farmlink.
Here are 18 key members and their salaries (California Farmlink's CEO's salary is $140,825 and their total compensation is $165,710):
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- Compensation: $140,825
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- Compensation: $104,066
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- Other: $7,821
Official website here: www.californiafarmlink.org
Where can I find the form 990 for California Farmlink?
California Farmlink's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.californiafarmlink.org
Learn more at the official website: www.californiafarmlink.org
Mission Statement of California Farmlink
California Farmlink, as a Community Development Financial Institution, invests in the prosperity and well-being of farmers, ranchers, and fishers who have limited access to financial resources. The organization's mission is to support these individuals by providing them with lending, education, and land access opportunities. As a CDFI, California Farmlink has been certified since 2013 and continues to expand its impact.
One of the ways California Farmlink achieves its mission is through its Farm and Ranch Prosperity Loan Program. This program, funded by a grant and with significant expenses, provides financing to low-income, underserved, immigrant, and beginning agricultural producers and fishers across California. The program aims to support individuals who may face barriers to accessing traditional financial resources. In 2022, California Farmlink made 50 loans under this program, with an average loan size of $113,463. The organization's commitment to this program and its impact is further demonstrated by its acquisition of a portfolio of 15 fishing business loans from another CDFI, Community Vision, in 2021.
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Impact
July, 2024
California Farmlink's impact is significant in supporting the prosperity and well-being of farmers, ranchers, and fishers across California. Through programs like the Farm and Ranch Prosperity Loan Program, they provide financial resources to low-income, underserved, immigrant, and beginning agricultural producers and fishers. This initiative, fueled by grant funding and strategic expenses, has made a tangible difference in the livelihoods of these communities. Additionally, as a certified Community Development Financial Institution (CDFI), California Farmlink continues to expand its reach, recently acquiring a portfolio of fishing business loans. In 2022 alone, they issued 50 loans with an average size of $113,463, further empowering individuals in the agricultural and fishing sectors. Their dedication to education and access to land demonstrates a commitment to fostering a sustainable and thriving farming community in California.
This information is meant to be a general summary of California Farmlink. 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: $27,324
- Program Service Revenue: $1,080,507
- Gross Receipts: $3,481,187
Assets and Liabilities:
- Total Assets: $31,784,812
- Total Liabilities: $21,130,318
- Net Assets: $10,654,494
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INTEREST INCOM
Revenue
$734,081
PROGRAM FEE REVENUE
Revenue
$330,945
PROGRAM REVENUE
Revenue
$15,481
Organization Details
Founding Year
1999
Phone
(831) 425-0303Principal Officer
Reginald V Knox
Main Address
335 SPRECKELS DRIVE SUITE F, APTOS, CA, 95003
Website
www.californiafarmlink.orgNTEE Category
Code: B02 - Education
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