MAD AGRICULTURE

EIN: 842223405 501(c)(3) Food, Agriculture & Nutrition

BOULDER, CO

Total Revenue
$1,653,793
Total Expenses
$2,225,633
Total Assets
$377,225
Net Assets
$293,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
CO
Phone
8052317462
Tax Period
2022-02-01 to 2023-01-31

MAD AGRICULTURE, founded in 2019, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2022. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 35% operating deficit.

Mission

Mad Agriculture's mission is to create a regenerative revolution in agriculture.

Program Service Accomplishments

Program 1
Expenses: $439,908 Revenue: $178,440

Mad! Capital Perennial Fund: We replace operating loans with capital that invigorates the imagination liberates farmers from the shackles of debt obligations i.e. bank requirements for GMO seeds...

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Mad! Capital Perennial Fund: We replace operating loans with capital that invigorates the imagination liberates farmers from the shackles of debt obligations i.e. bank requirements for GMO seeds synthetic inputs etc. and enables the transition to regenerative organic agriculture. We leverage our full system of change to co-create an organic transition plan with farmers at no added cost open market offtake for crops and base the payback on farmers' ability to succeed with a revenue share tailored to the individual farm. The fund is structured to ensure that the success of Mad Agriculture partners and the farmers are one and the same. The health of soil and all people is one and indivisible. Activities involved in this program include fund development and management legal and accounting costs and fees advertising and marketing to find farmer clients travel to visit farms and farmers due diligence on loan applications and consultation with farmers.

Program 2
Expenses: $260,839 Revenue: $336,229

Mad! Markets: Mad Markets helps farmers processors and brands meet their regenerative organic sourcing and supply chain sustainability goals. We connect farmers to values aligned buyers and promote...

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Mad! Markets: Mad Markets helps farmers processors and brands meet their regenerative organic sourcing and supply chain sustainability goals. We connect farmers to values aligned buyers and promote marketplace adoption of regenerative organic agriculture. Mad Markets provides innovative sourcing brokerage and supply chain development programs that support buyers and farmers. We develop equitable supply networks while delivering the highest-quality ingredients thought leadership and sourcing strategies. Activities include farm visits and crop market consultation market research and analysis conference attendance travel market network development crop brokerage brand support and cooperative consultation.

Program 3
Expenses: $180,090 Revenue: $0

Impact Research Program: The goal of the Impact Research Program is to capture the ecological financial and personal wellbeing impacts of regenerative agriculture on real working farms. The research...

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Impact Research Program: The goal of the Impact Research Program is to capture the ecological financial and personal wellbeing impacts of regenerative agriculture on real working farms. The research is primarily for our farmer partners to communicate what is and is not working on their farms from a financial and ecological perspective. It is also for other farmers we do not currently work with to encourage them to transition to regenerative organic agriculture. It is also for brands and buyers to understand the impact of their purchasing choices. It is also for donors and investors to understand the impact of their contributions. Costs for this program include in-field contractors to collect raw data data analysis and interpretation travel to research locations farmer engagement software literature review and generating reports.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,541,695
Program Service Revenue $99,223
Investment Income $493
Other Revenue $12,382
TOTAL REVENUE $1,653,793

Expense Breakdown

Grants Paid $66,239
Salaries & Benefits $1,265,590
Fundraising Expenses $29,234
Program Expenses $1,821,204
Other Expenses $893,804
TOTAL EXPENSES $2,225,633

Year-over-Year Comparison

2022 2021 Change
Revenue $1,653,793 $2,209,481 -0.3%
Expenses $2,225,633 $1,739,803 +0.3%
Net Income $-571,840 $469,678 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
4
Independent Members
4
Employees
10
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
0
$0
Total Directors
0
$0
Key Employees
3
$356,355
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Philip Taylor Executive Director 45.00
Highest
$179,306 $0 $179,306
Tanner Starbard VP - Operations Land Business 45.00
Key Emp
$129,850 $0 $129,850
Elizabeth Candelario Director of Strategic Partnership 45.00
Key Emp
$112,050 $0 $112,050
Alexander Heilman Director of Supply and Tradnig 45.00
Key Emp
$114,455 $0 $114,455
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 No data No data No data No data
2023 $1,653,793 $2,225,633 $377,225 $-571,840
2023 $2,518,701 $2,107,083 $835,677 $411,618
2022 $2,209,481 $1,739,803 $946,598 $469,678
2020 $1,177,777 $829,617 $452,539 $348,160
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