AFRICULTURE

EIN: 850764420 501(c)(3) Food, Agriculture & Nutrition

Unionville, VA

Total Revenue
$249,576
Total Expenses
$204,651
Total Assets
$219,542
Net Assets
$219,542
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
VA
Principal Officer
Michael Carter Jr
Phone
8043019114
Tax Period
2024-01-01 to 2024-12-31

AFRICULTURE, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $243K in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 41% operating margin.

Mission

Africulture highlights, explores, teaches, and enhances the principles, practices, plants and people of African descent that have contributed to agriculture. Africulture provides outreach and training to targeted communities such as racial and ethnic groups in Virginia and throughout the country. Africulture conducts workshops, seminars, teach ins, and trainings in racial understanding and equity, in diversity and inclusion and provides audits, rubrics and metrics in these areas to assist institutions and organizations to analyze themselves and offer paths for improvement.

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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 $249,576
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $249,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,281
Fundraising Expenses $0
Program Expenses $29,703
Other Expenses $155,370
TOTAL EXPENSES $204,651

Year-over-Year Comparison

2024 2023 Change
Revenue $249,576 $243,178 +0.0%
Expenses $204,651 $144,113 +0.4%
Net Income $44,925 $99,065 -0.5%
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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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
N/A
Employees
2
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
1
$13,575
Total Directors
3
$0
Key Employees
1
$13,575
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Carter Executive Director 10
Officer Key Emp
$13,575 $0 $13,575
Aita Amaize Member 2
Director
$0 $0 $0
Seidah Armstrong Member 2
Director
$0 $0 $0
Duron Chavis Member 2
Director
$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 $249,576 $204,651 $219,542 $44,925
2023 $243,178 $144,113 $174,617 $99,065
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