Makoce Agriculture Development EIN 84-4595782

Makoce Agriculture Development

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Develops Indigenous agriculture and food systems for healthy communities, economies, and the environment. For fiscal year 2024 it reported $2.0M in revenue, $1.7M in expenses, and $4.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Porcupine, SD
Website
www.makoceag.org
Filings
4 on file (2021–2024)
Revenue
$2.0MFY2024
Expenses
$1.7M
Net assets
$4.1M
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  84-4595782 Public charity (501(c)(3)) Porcupine, SD 1 follower
Form 990 (PDF)
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Figures match the IRS filing checked 9/4/26 · see original: IRS
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Size
$1–10M
What they do
Develops Indigenous agriculture and food systems for healthy communities, economies, and the environment.
Leadership
Nicholas Hernandez · CEO · $108K
Money in and out
$2.0M revenue, $1.7M expenses
Bottom line
81% program efficiency
Where the money goes · FY2024
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $239K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program efficiency
81%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
19.8mo
months of highly liquid reserves at operating expense rate▼ -38% vs prior filing year
Surplus margin
+12%
revenue over expenses, this year▼ -36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.0M
FY2024▲ +19%
Expenses
$1.7M
FY2024▲ +29%
Total assets
$4.1M
FY2024▲ +7%
Total liabilities
$18K
FY2024
Total revenue
$2.0M
Pt VIII · Ln 12
Total expenses
$1.7M
Pt IX · Ln 25
Net assets
$4.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$239K
Total assetsPt X · Ln 16$4.1M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

Makoce is developing the food system institute that will be a place for food productions leaders and community members to come together for education, meetings, and collaborative opportunities.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMakoce Agriculture Development
EINHdr · item D84-4595782
Principal addressHdr · item CPorcupine, SD
WebsiteHdr · item Jwww.makoceag.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$108,449Pt VII · Sec A
Director of Finance
$14,423Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nicholas Hernandez’s $108K as CEO is at the 58th percentile of top reported officer pay among 819 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Nicholas Hernandez$108,449$81,737$63,124
Nicholas Hernandez$100,828
Larissa Hill$14,423

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants99%$2.0M
Program service revenue$7K
Investment income$6K
— government grantsLn 1e$186K
Total revenueLn 12$2.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.11 Fundraising $0.08
Program services81%$1.4M
Management & general11%$185K
Fundraising8%$140K
Total functional expensesLn 25$1.7M

Balance Sheet

Part X · end of year
CashLn 1$2.9M
Total assetsLn 16$4.1M
Total liabilitiesLn 26$18K
Total net assetsLn 32$4.1M
Months of cash on handcomputed19.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.9M · Operating expenses/yr $1.7M
19.8 months
Where the money goes
Program services
Program services $1.4M · Total expenses $1.7M
81%
Management & General
Management & general $185K · Total expenses $1.7M
11%
Fundraising
Fundraising $140K · Total expenses $1.7M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $112K · Solicited contributions (3-yr avg) $2.4M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $2.0M
99%
Government reliance
Government grants $186K · Total revenue $2.0M
9%
Earned-income share
Program service revenue $7K · Total revenue $2.0M
0.3%
Investment reliance
Investment income $6K · Total revenue $2.0M
+0.3%
Program self-sufficiency
Program service revenue $7K · Total expenses $1.7M
0.4%
Growth & trend
Revenue growth (YoY)
This year $2.0M · Prior year $1.7M
+19%
Net-asset trend (YoY)
End of year $4.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.0M · Expenses $1.7M
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $4.1M
Net-asset ratio
Net assets $4.1M · Total assets $4.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nicholas Hernandez · Reported title CEO · Highest reported compensation $108K · Total expenses $1.7M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $951K · Total expenses $1.7M
54%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $213K · Gross raised $2.0M
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 11%
Fundraising cost ratio 7%
Revenue growth 19%
Legal fee ratio 0.10%
Accounting fee ratio 2%
Fundraising fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Novo FoundationFY2024$350K
Windward FundFY2024$150K
Total grants receivedfrom 14 funders$1.1M
See all 14 funders →
Grants paid · 2 grants · $68K · 2023–2024
Hochoka Kin Holdings LLCFY2024$60,000
Racing MagpieSD · FY2023$7,546

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.0M revenue · viewing · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$3.7M revenue · ⤓ 990 PDF
FY2021$550K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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