BLACK FARMER FUND INC

NEW YORK, NY, 10003-1502 (347) 201-2974 Est. 2019 EIN 84-2310349
S43 - Small Business Development 990 - Public charity return 501(c)(3)
www.blackfarmerfund.org

Mission

THIS MISSION OF BLACK FARMER FUND IS TO BUILD COMMUNITY WEALTH & HEALTH BY INVESTING IN BLACK AGRICULTURAL BUSINESSES OF THE NORTHEAST.

Giving Portfolio

Total Grants
34
Total Giving
$3.1M
Recipients
32
Years Active
2021 - 2024
Avg grant: $118,843 Median: $30,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20246$2.3M $377K60
20235$180K $36K23
202213$172K $13K56
202110$496K $50K100

Sectors Funded

Food, Agriculture & Nutrition
4
Community Improvement
1
Environment
1

Top States

New York
27
Massachusetts
2
Vermont
1
Maine
1
New Jersey
1
Connecticut
1
Pennsylvania
1

Grantee Size Profile

Under $100K
2
$1M - $5M
2
$10M - $50M
1
$5M - $10M
1

Top Grantees

Page 1 of 3
EDENESQUE
NY
$650K
PARADISE EXPRESS FERRY
NY
$625K
SWEETWATER HOLDINGS
NY
$400K
NOURRIR DRINKS
NY
$250K
GLOBAL VILLAGE FOODS
VT
$188K
BROOKLYN PACKERS
NY
$147K
TRINITY FARM
NY - 3 grants
$97K
BIG DREAM FARM
NY - 3 grants
$75K
THE BLACK YARD COLLECTIVE
NY - 3 grants
$64K

Grants Awarded · 6 grants

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Financials

Total Revenue
$12,437,329
Total Expenses
$5,573,984
Net Assets
$17,070,616
15 employees
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
3.1 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 113.3%
Expenses ↑ 137.5%
Revenue Sources
Contributions 93.8% Earned revenue 0.2% Investment 6.0%
Expense Breakdown
Program 78.3% Management 16.2% Fundraising 5.5%

Officers & Trustees (10)

Individual compensation is available on Grow plans.

Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$12,437,329 ↑$5,573,984$17,070,616
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$5,830,704 ↑$2,346,938$10,207,271
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$5,574,978 ↑$1,764,609$6,722,940
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$2,824,891 ↑$1,196,372$2,824,594
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$1,373,245 $179,823$1,193,422

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EIN: 84-2310349 · Source: IRS Form 990 e-file data