NATIONAL BLACK FARMERS ASSOCIATION

EIN: 472081033 501(c)(3) Food, Agriculture & Nutrition

BASKERVILLE, VA

Total Revenue
$1,632,966
Total Expenses
$1,333,409
Total Assets
$2,237,337
Net Assets
$2,226,593
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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Phone
8046918528
Tax Period
2024-01-01 to 2024-12-31

NATIONAL BLACK FARMERS ASSOCIATION, founded in 2016, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $576K in total revenue in fiscal year 2017.

Mission

TO IMPROVE THE QUALITY OF LIFE IN RURAL COMMUNITIES THROUGH IMPROVED AGRICULTURAL OUTREACH, TECHNICAL ASSISTANCE, ACCESS TO CREDIT FOR SMALL FARMERS, FAMILY FARM BUSINESS DEVELOPMENT, FOOD DISTRIBUTION AND RURAL ECONOMIC DEVELOPMENT. THE NBFA VIEWS THESE OPPORTUNITIES AS A MEANS

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,632,966
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,632,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,360
Fundraising Expenses $0
Program Expenses $1,333,409
Other Expenses $1,330,049
TOTAL EXPENSES $1,333,409

Year-over-Year Comparison

2024 2023 Change
Revenue $1,632,966 N/A N/A
Expenses $1,333,409 N/A N/A
Net Income $299,557 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN W BOYD Jr PRESIDENT AND CHAIRMAN 40.00
Officer
$0 $0 $0
TEQUORRA GREEN TREASURER AND SECRETARY 20.00
Officer
$0 $0 $0
ERNEST LAMBERT BOARD MEMBER 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,632,966 $1,333,409 $2,237,337 $299,557
2023 $2,407,528 $1,580,577 $2,330,455 $826,951
2022 $997,912 $1,259,499 $2,068,221 $-261,587
2021 $2,914,443 $1,174,448 $2,385,863 $1,739,995
2020 $639,025 $544,941 $936,175 $94,084
2019 $905,685 $525,675 $908,082 $380,010
2018 $438,905 $348,277 $122,801 $90,628
2017 $575,601 $596,823 $114,460 $-21,222
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