Heifer Project International

The information on this page was last updated 5/8/2023. If you see errors or omissions, please email: [email protected]


Summary

Ending poverty begins with agriculture. We're on a mission to end hunger and poverty in a sustainable way by supporting and investing alongside local farmers and their communities.


Contact information

Mailing address:
Heifer International
1 World Ave
Little Rock, AR 72202

Website: heifer.org

Phone: 855-948-6437

Email: [email protected]


Organization details

EIN: 351019477

CEO/President: Pierre Ferrari

Chairman: Martha Brantley

Board size: 17

Founder: Mr. Dan West

Ruling year: 1999

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

Our community development model focuses on building social capital by increasing income and assets within farming families, improving their food security and nutrition, and protecting the environment - with women's empowerment and connected communities at the very center.


Mission statement

We work to end hunger and poverty in partnership with the communities we serve. Our programs support entrepreneurs around the world, creating lasting change from the ground up.

It begins with a seed investment of livestock or agriculture, followed by mentorship to help project participants build a business, and ultimately to gain access to supply chains and markets.

These families are able to earn a living income and continuously lift up their communities as they train the next generation of leaders.

By supporting and training the world's farmers, ranchers, and female business owners, we're investing in a new breed of success.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating1111 of 111290 of 90
Fund acquisition rating1098 of 111489 of 90
Resource allocation rating1054 of 111485 of 90
Asset utilization rating1081 of 111289 of 90

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%26%23%28%21%20%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%26%23%27%21%20%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%98%99%99%99%98%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%24%22%30%21%19%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%2%1%1%1%2%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%71%73%65%74%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%109%103%91%100%106%
Program output ratio Program output ratio =
Program services /
Total revenue
83%78%76%59%73%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%-9%-3%9%0%-6%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
5%-5%-2%5%0%-4%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%5%5%5%6%5%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.460.570.560.390.500.53
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.235.034.033.683.924.23
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.852.862.251.431.982.26
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.083.042.862.792.702.31
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.330.350.360.370.43
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.032.823.475.383.833.01
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%8%10%13%14%12%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%2%3%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
62%161%162%225%172%164%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$43,554,752$60,014,477$74,815,541$47,265,762$46,559,730
Receivables, inventories, prepaids$13,413,656$14,310,898$14,309,188$15,321,094$9,421,313
Short-term investments$227,026$222,253$271,958$230,929$254,599
Other current assets$0$0$0$0$0
Total current assets$57,195,434$74,547,628$89,396,687$62,817,785$56,235,642
Long-term investments$2,314,955$2,549,711$1,910,653$1,486,788$1,486,788
Fixed assets$41,767,979$40,069,547$40,556,172$43,077,827$43,988,821
Other long-term assets$186,470,212$183,059,147$197,029,344$139,041,713$136,324,328
Total long-term assets$230,553,146$225,678,405$239,496,169$183,606,328$181,799,937
Total assets$287,748,580$300,226,033$328,892,856$246,424,113$238,035,579
 
Liabilities20232022202120202019
Payables and accrued expenses$12,453,361$14,023,470$13,559,157$11,637,583$11,152,167
Other current liabilities$6,335,750$12,020,871$18,533,605$11,590,699$13,148,048
Total current liabilities$18,789,111$26,044,341$32,092,762$23,228,282$24,300,215
Debt$0$0$7,002,100$8,111,843$5,133,259
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,452,230$2,685,067$2,582,628$2,059,996$0
Total long-term liabilities$5,452,230$2,685,067$9,584,728$10,171,839$5,133,259
Total liabilities$24,241,341$28,729,408$41,677,490$33,400,121$29,433,474
 
Net assets20232022202120202019
Without donor restrictions$70,912,424$78,912,809$78,462,759$61,997,009$69,216,181
With donor restrictions$192,594,815$192,583,816$208,752,607$151,026,983$139,385,924
Net assets$263,507,239$271,496,625$287,215,366$213,023,992$208,602,105
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$146,987,700$160,384,966$139,540,339$123,181,218$117,044,883
Program service revenue$843,152$934,749$621,209$701,313$1,251,356
Membership dues$0$0$0$0$0
Investment income$1,161,898$406,315$377,607$326,782$1,096,872
Other revenue$632,548$532,592$398,832$427,205$409,387
Total other revenue$2,637,598$1,873,656$1,397,648$1,455,300$2,757,615
Total revenue$149,625,298$162,258,622$140,937,987$124,636,518$119,802,498
 
Expenses20232022202120202019
Program services$116,155,356$122,788,241$83,003,268$91,327,219$96,917,312
Management and general$8,566,586$7,596,404$6,238,192$7,094,862$6,457,763
Fundraising$38,765,495$37,212,050$38,569,797$25,670,286$23,858,835
Total expenses$163,487,437$167,596,695$127,811,257$124,092,367$127,233,910
 
Change in net assets20232022202120202019
Surplus (deficit)($13,862,139)($5,338,073)$13,126,730$544,151($7,431,412)
Other changes in net assets$0$0$0$0$0
Total change in net assets($13,862,139)($5,338,073)$13,126,730$544,151($7,431,412)

Compensation

NameTitleCompensation
Pierre FerrariChief Executive Officer$596,339
Elia MakarChief People Officer$259,338
Hilary HaddiganChief of Mission Effectiveness$258,996
Patrina EiffertExecutive Director$258,701
Terry WyerSenior Vice President$253,432
Marcia RasmussenCFO/Treasurer$248,181
Christy MooreSenior Vice President$239,244
Mahendra LohaniSenior Vice President$233,390
Michelle CangelosiVice President$225,402
Oscar CastanedaSenior Vice President$225,275
Chad AveryGeneral Counsel/Board Secretary$198,102
Matthew KrauseManaging Director$195,380
Mutale ChilangwaSenior Director$192,450
Michelle Dusek-IzaguirreVice President$191,015
Michael HealdVice President$187,219
Surita SandoshamChief Executive Officer$185,990
Stephanie ChesherSenior Director$182,520
Benjamin WoodDirector$179,303
Marleen NewVice President$177,530
Kimberly AhlgrimVice President$176,300
Francine HillVice President$168,444
Robert CoxonVice President$144,220
Tracy BeeneAssistant Secretary$106,923
Peter GoldsteinVice President$35,753
Patrick BryskiSenior Vice President$27,238

Compensation data as of: 6/30/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/8/2023. To update the information below, please email: [email protected]


History

For more than 75 years, Heifer International has worked with people all around the world to end hunger and poverty and care for the Earth.

In 1944, Dan West began outlining a simple but groundbreaking plan to tackle hunger around the world. West, a farmer from the Midwest and Church of the Brethren member, had recently returned from feeding weary refugees during volunteer service in the Spanish Civil War.

He'd seen firsthand that giving people food was a short-term solution, whereas providing them with animals offered a steady supply of nutritious food for an entire family.

His philosophy still inspires Heifer's work today. Partnering with farmers across a range of different livestock and crops, we create unique solutions to local challenges. Together, we build inclusive, resilient economies, so communities can develop effective ways to end global hunger and poverty in a sustainable way.

These days, Heifer International generally provides animals to participating families through local channels in the countries we serve. But early on, the organization shipped livestock from the United States to other countries. During their travels, these animals were cared for by "seagoing cowboys": ranchers and farmers who aided Heifer in its mission by lending their expertise in animal husbandry and agriculture.

In the years following World War II, more than 7,000 men and women accompanied shipments of cattle, pigs, goats and other livestock across land, sea and air to deliver them to families in Europe. For many of them, these trips presented a series of firsts - the first time setting sail on a ship, the first time crossing the ocean and the first time visiting another culture. For many of these seagoing cowboys, their faith was tested as they witnessed the devastation of the war, but came away with a renewed sense of hope and purpose after helping families in need.

Heifer International was born from that simple idea of empowerment, and for 75 years the organization has worked tirelessly to give families a hand up, rather than just a handout.


Program accomplishments

We work in 21 countries around the world to strengthen local economies and build secure livelihoods that guarantee a living income to local farmers.


Needs