Nonprofit · EIN 45-5267449
MYAGRO FARMS
Tax-exempt · NEW YORK, NY 10011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,037,141 | $28,351,139 | -$22,313,998 | $36,710,767 | $4,040,853 | $32,669,914 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,490,253
- of which government grants
- $500,000
- Program service revenue
- $0
- Investment income
- $545,860
- Net gain from sales of assets
- -$69,608
- Other revenue
- $1,028
Expenses
- Grants and similar amounts paid
- $19,359,636
- Compensation of officers, directors and key employees
- $950,092
- Other salaries and wages
- $3,039,086
- Salaries, compensation and benefits (total)
- $5,469,590
- Professional fundraising fees
- $0
- Legal fees
- $31,714
- Accounting fees
- $624,062
- Occupancy
- $9,650
- Travel
- $332,170
- Program services (functional)
- $25,721,206
- Management and general (functional)
- $2,063,027
- Fundraising (functional)
- $566,906
Balance sheet and other
- Total assets, start of year
- $138,938,502
- Total assets, end of year
- $36,710,767
- Total liabilities, end of year
- $4,040,853
- Net assets, end of year
- $32,669,914
- Net assets without donor restrictions
- $29,677,044
- Net assets with donor restrictions
- $2,992,870
- Gross receipts
- $6,106,749
- Employees
- 31
- Volunteers
- 8
- Year formed
- 2012
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANUSHKA RATNAYAKE | ceo & FOUNDER (see schedule o) Trustee or director, Officer | 40 | $289,234 | $138,097 | $0 |
| SIDDHANTA WIESNER | CHIEF TECHNOLOGY OFFICER Officer | 40 | $213,289 | $0 | $14,725 |
| PATRICK TOGNISSO | CHIEF OPERATING OFFICER Officer | 0 | $0 | $220,810 | $1,946 |
| DOUGLAS BRADBURY | DIRECTOR OF SOFTWARE ENGINEERING Highest-paid employee | 40 | $187,431 | $0 | $0 |
| LI-HSUAN LUNG | ENGINEERING LEAD Highest-paid employee | 40 | $163,484 | $0 | $14,725 |
| SHON MORRIS | CHIEF TALENT OFFICER Officer | 40 | $177,716 | $0 | $0 |
| GRANT ADAMS | SOFTWARE ENGINEER Highest-paid employee | 40 | $128,147 | $0 | $14,725 |
| STEPHANIE KABORE | DIRECTOR OF FINANCE (THRU 11/7/24) Highest-paid employee | 40 | $136,140 | $0 | $0 |
| CASEY CLINE | INTERIM CEO (see sch. o) & MANAGING DIR., US Officer | 40 | $132,785 | $0 | $0 |
| ERIN MOORE | CHIEF OF STAFF (THRU 6/20/24) Officer | 40 | $98,079 | $0 | $0 |
| ROMAN Hingorani | CHIEF FINANCIAL OFFICER (THRU 1/12/24) Officer | 40 | $23,615 | $0 | $649 |
| DIDO HARDING | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 | $0 |
| EVAN MARWELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| FARRAH BARRIOS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MAMADOU BITEYE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| OUSSEYNOU NAKOULIMA | DIRECTOR Trustee or director | 2 | $0 |
| RAMATOULAYE DIALLO | DIRECTOR Trustee or director | 2 | $0 |
| RANDI HEDIN | DIRECTOR Trustee or director | 2 | $0 |
| RICH LEIMSIDER | DIRECTOR Trustee or director | 2 | $0 |
| RAJI KALRA | CONTRACTED CFO (SEE SCHEDULE O) Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 131 7TH AVENUE 160, NEW YORK, NY 10011-1802
- In care of
- % LUKE FITZGERALD
- Principal officer (990 for 2024)
- ANUSHKA RATNAYAKE, 131 7TH AVENUE SUITE 160, NEW YORK, NY 10011
- Signed the 990
- LUKE FITZGERALD, GLOBAL CONTROLLER
- Phone
- (503) 313-6371
- Return prepared by
- BDO USA
Mission
MYAGRO'S MISSION IS TO MOVE SMALLHOLDER FARMERS IN WEST AFRICA OUT OF POVERTY. THROUGH OUR MOBILE LAYAWAY PLATFORM, FARMERS GAIN ACCESS TO HIGH-QUALITY INPUTS AND CLIMATE-SMART AGRICULTURE TRAINING WHICH WE DELIVER AT THE VILLAGE LEVEL, AS WELL AS ONGOING MOBILE SUPPORT. ON AVERAGE, THIS MODEL IS PROVEN TO INCREASE FARMER YIELDS BY 130% AND INCOME BY $156 RELATIVE TO CONTROL FARMERS.
Program accomplishments
- MOBILE TECHNOLOGY DEVELOPMENT: MYAGRO'S DIGITAL LAYAWAY PLATFORM PROVIDES FARMERS WITH A SECURE AND RELIABLE SAVINGS MECHANISM WHICH THEY CAN USE TO PURCHASE HIGH-QUALITY AGRICULTURAL INPUTS AND TRAINING THAT ARE DELIVERED WITHIN 10 KM OF THEIR VILLAGE. PACKAGE OPTIONS ARE DESIGNED EACH YEAR FOR A DIVERSE VARIETY OF PLOT SIZES AND PRODUCT TYPES INCLUDING GRAIN AND VEGETABLE SEEDS AND FERTILIZER, POULTRY, AND TREES. AFTER FARMERS SELECT THEIR DESIRED PACKAGE, THEY MAKE SMALL PAYMENTS OVER TIME INTO THEIR DIGITAL MYAGRO ACCOUNT. THE PAYMENT PROCESS MIMICS THAT OF ADDING PHONE CREDITS: FARMERS CAN PURCHASE SCRATCH CARDS FROM THEIR VE AND TEXT IN A CODE OR PAY DIRECTLY VIA MOBILE MONEY - ENABLING THEM TO SAVE VIA THEIR OWN DEVICE, THROUGH THEIR VE, OR VIA THE MYAGRO CALL CENTER. FOR WOMEN ESPECIALLY, THIS DIGITAL ACCOUNT ENABLES THEM TO SAVE PRIVATELY AND SECURELY, WHICH PROTECTS THEIR ASSETS AND ENHANCES FINANCIAL AUTONOMY. THERE WERE MORE THAN 4,000 ENTREPRENEURS LEVERAGING MYAGRO'S MOBILE TECHNOLOGY TO ENROLL AND FACILITATE PAYMENTS FOR FARMERS DURING CALENDAR YEAR 2024.Expenses $20,179,728 · grants $15,188,720
- RESEARCH, DEVELOPMENT, & EVALUATION: MYAGRO FOCUSES ON DATA-DRIVEN SELF-REFLECTION AND ORGANIZATIONAL IMPROVEMENT TO BETTER UNDERSTAND THE CHALLENGES FACED BY RURAL COMMUNITIES AND TO DELIVER VALUE TO FARMERS. IN ADDITION TO CORE PRODUCT DELIVERY AND TRAINING SERVICES OFFERED EACH AGRICULTURAL SEASON, MYAGRO INNOVATES WITH FARMERS TO DEVELOP NEW SOLUTIONS THAT ADDRESS BARRIERS TO AGRICULTURAL SUCCESS SUCH AS CLIMATE SHOCK AND GENDER INEQUITY. WE ALSO CONDUCT HARVEST EVALUATIONS TO BETTER UNDERSTAND PROGRAM IMPACT, FOCUSING ON TWO KEY INDICATORS, (1) PERCENT INCREASE IN YIELD AND (2) ADDITIONAL NET INCOME EARNED AMONG MYAGRO FARMERS RELATIVE TO CONTROL FARMERS. SINCE 2018, THE PROGRAM HAS RESULTED IN AN AVERAGE 130% YIELD INCREASE AND $156 ADDITIONAL INCOME EARNED PER FARMER. FOR HOUSEHOLDS LIVING ON LESS THAN $2 PER DAY, THESE RESULTS HAVE TRANSFORMATIVE EFFECTS: IMPROVING FAMILY FOOD SECURITY, COVERING SCHOOL AND MEDICAL FEES, AND ENABLING FARMERS TO REINVEST TO FURTHER DIVERSIFY AND INCREASE THEIR INCOME. THERE WERE APPROXIMATELY 44,000 RESEARCH AND DEVELOPMENT PARTICIPANTS DURING THE CALENDAR YEAR 2024.Expenses $4,162,458 · grants $3,132,966
- FARMER PRODUCT & SERVICE DELIVERY: MYAGRO HAS BUILT A SCALABLE AND REPLICABLE MODEL THAT SERVED LOW-INCOME, RURAL CUSTOMERS AT THE LAST MILE. MYAGRO RECRUITS AND TRAINS WOMEN ENTREPRENEURS FROM WITHIN VILLAGES, WHO THEN MARKET AND SELL CLIMATE-SMART AGRICULTURAL PACKAGES TO LOCAL FARMERS USING OUR CUSTOM MOBILE APPLICATION. FARMERS ARE THEN ABLE TO MAKE SMALL LAYAWAY PAYMENTS OVER TIME TO PURCHASE PACKAGES OF SEEDS AND FERTILIZER, TREE SEEDLINGS, AND POULTRY WHICH ARE DELIVERED WITHIN 10 KM. BY COMBINING OFFLINE CUSTOMER SERVICE WITH MOBILE TECHNOLOGY, MYAGRO OVERCOMES TWO KEY BARRIERS TO BUILDING SUSTAINABLE FINANCIAL TOOLS FOR FARMERS: CUSTOMER TRUST AND CLIENT DENSITY. MYAGRO OPERATES IN MALI, SENEGAL, AND CTE D'IVOIRE, WHERE THE MAJORITY OF THE POPULATION WORKS IN AGRICULTURE. ONLY 20% OF HOUSEHOLDS IN AFRICA HAVE FORMAL BANK ACCOUNTS (WORLD BANK), AND 87% OF FARMERS SURVEYED IN 2023 HAD NO PRIOR ACCESS TO A SIMILAR SERVICE LIKE MYAGRO'S. OUR TARGET AUDIENCE IS SMALLHOLDER FARMERS LIVING ON LESS THAN $2 PER DAY, AND 70% OF OUR CUSTOMERS ARE WOMEN. MYAGRO SERVED APPROXIMATELY 360,000 FARMERS DURING THE CALENDAR YEAR 2024.Expenses $1,379,020 · grants $1,037,950
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5267449
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $36,710,767
- Income (IRS master file)
- $6,106,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $22,574,181 | $9,020,869 | $138,938,502 | IRS |
| 990 | December 2022 | $19,430,121 | $8,717,701 | $122,019,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MYAGRO FARMS
- What is the EIN of MYAGRO FARMS?
- The employer identification number (EIN) of MYAGRO FARMS is 45-5267449.
- Is MYAGRO FARMS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to MYAGRO FARMS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MYAGRO FARMS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MYAGRO FARMS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MYAGRO FARMS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MYAGRO FARMS?
- The 990 for the year ended December 31, 2024 names ANUSHKA RATNAYAKE.
- Who are the officers and directors of MYAGRO FARMS?
- The 990 for the year ended December 31, 2024 lists 20 people; 10 received compensation from the organization, the highest $289,234 (ANUSHKA RATNAYAKE, ceo & FOUNDER (see schedule o)).
- How much revenue does MYAGRO FARMS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,037,141, expenses of $28,351,139 and total assets of $36,710,767 at year end.
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