Nonprofit · EIN 84-2310349
BLACK FARMER FUND INC
Tax-exempt · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,437,329 | $5,573,984 | $6,863,345 | $26,511,647 | $9,441,031 | $17,070,616 |
| December 31, 2023 | 990 | $5,830,704 | $2,346,938 | $3,483,766 | $18,705,526 | $8,498,255 | $10,207,271 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,669,389
- Program service revenue
- $21,685
- Investment income
- $743,456
- Other revenue
- $2,799
Expenses
- Grants and similar amounts paid
- $2,259,500
- Compensation of officers, directors and key employees
- $530,100
- Other salaries and wages
- $773,425
- Salaries, compensation and benefits (total)
- $1,644,554
- Professional fundraising fees
- $0
- Legal fees
- $137,501
- Accounting fees
- $89,387
- Travel
- $77,811
- Depreciation
- $256
- Program services (functional)
- $4,365,835
- Management and general (functional)
- $903,835
- Fundraising (functional)
- $304,314
Balance sheet and other
- Total assets, start of year
- $18,705,526
- Total assets, end of year
- $26,511,647
- Total liabilities, end of year
- $9,441,031
- Net assets, end of year
- $17,070,616
- Land, buildings and equipment
- $163
- Publicly traded securities
- $5,711,559
- Net assets without donor restrictions
- $6,029,437
- Net assets with donor restrictions
- $11,041,179
- Gross receipts
- $12,437,329
- Employees
- 15
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- NY
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 | Other / benefits |
|---|---|---|---|---|
| CHARLES WADE | INVESTMENT DIRECTOR Highest-paid employee | 40 | $167,931 | $36,190 |
| OLIVIA WATKINS | CO-EXECUTIVE DIRECTOR / TREASURER Trustee or director, Officer | 40 | $142,058 | $14,244 |
| MELANIE ALLEN | CO-EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $119,694 | $14,067 |
| JANET GUMBS | FINANCE DIRECTOR Highest-paid employee | 40 | $100,417 | $26,107 |
| RHYSTON MAYS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WASHINGTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ONIKA ABRAHAM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MAKAELIA DAVIS | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| RIBKA GETACHEW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| VICTORIA VAN AMSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OLIVIA WATKINS | CO-EXECUTIVE DIRECTOR/TREASURER Trustee or director, Officer | 40 | $156,950 | $11,224 |
| MELANIE ALLEN | CO-EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $149,587 | $13,775 |
| RHYSTON MAYS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KAREN WASHINGTON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ONIKA ABRAHAM | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| VICTORIA VAN AMSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEKAELIA DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 228 PARK AVENUE S 38732, NEW YORK, NY 10003-1502
- Principal officer (990 for 2024)
- CONNIE EVANS, 228 PARK AVENUE S 38732, NEW YORK, NY 100031502
- Signed the 990
- CONNIE EVANS, INTERIM PRESIDENT
- Phone
- (347) 201-2974
- Website
- WWW.BLACKFARMERFUND.ORG
- Return prepared by
- CERINI & ASSOCIATES LLP
Mission
THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.
Program accomplishments
- THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.Expenses $4,365,835 · grants $2,259,500 · revenue $21,685
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
- 84-2310349
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43)
- Assets (IRS master file)
- $26,511,647
- Income (IRS master file)
- $12,437,329
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,437,329 | $5,573,984 | $26,511,647 | XML |
| 990 | December 2023 | $5,830,704 | $2,346,938 | $18,705,526 | XML |
| 990 | December 2022 | $5,574,978 | $1,764,609 | $6,823,672 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 84-2310349).
Questions about BLACK FARMER FUND INC
- What is the EIN of BLACK FARMER FUND INC?
- The employer identification number (EIN) of BLACK FARMER FUND INC is 84-2310349.
- Is BLACK FARMER FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to BLACK FARMER FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK FARMER FUND INC 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 BLACK FARMER FUND INC 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 BLACK FARMER FUND INC 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 BLACK FARMER FUND INC?
- The 990 for the year ended December 31, 2024 names CONNIE EVANS.
- Who are the officers and directors of BLACK FARMER FUND INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 4 received compensation from the organization, the highest $167,931 (CHARLES WADE, INVESTMENT DIRECTOR).
- How much revenue does BLACK FARMER FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,437,329, expenses of $5,573,984 and total assets of $26,511,647 at year end.
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