Maine Farm Bureau Association
- Assets
- $1.9m
- Revenue
- $330.1k
- Investments
- $1.1m
- Employees
- 5
- Location
- Augusta, ME
- Founding
- 02/1953
- Data as of
- 09/2021
- EIN
- 01-0217277
Organization Overview
Maine Farm Bureau Association is located in Augusta, ME. The organization was established in 1953. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Maine Farm Bureau Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Farm Bureau Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2021, Maine Farm Bureau Association generated $330.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $186.2k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AN AGRICULTURAL ORGANIZATION THAT PROMOTES AGRICULTURE, FARM RESEARCH AND FOSTER COOPERATIVE BUYING FOR BASIC FARM SUPPLIES FOR THE MUTUAL BENEFIT OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN AGRICULTURAL ORGANIZATION THAT PROMOTES AGRICULTURE, FARM RESEARCH AND FOSTER COOPERATIVE BUYING FOR BASIC FARM SUPPLIES FOR THE MUTUAL BENEFIT OF ITS MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ann Smith Executive Director/ Secretary | Trustee | 40 | $70,000 |
Courtney Hammond President | OfficerTrustee | 10 | $0 |
Clark Granger Vice President | OfficerTrustee | 10 | $0 |
Clifton Kramer Treasurer | OfficerTrustee | 10 | $0 |
Robert Hammond Board Member | Trustee | 2 | $0 |
Stasha Baldwin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $122,716 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,682 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,398 |
| Total Program Service Revenue | $30,707 |
| Investment income | $38,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $65,464 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,000 |
| Compensation of current officers, directors, key employees. | $24,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,768 |
| Payroll taxes | $12,872 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,228 |
| Fees for services: Accounting | $10,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,132 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,635 |
| Travel | $892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,767 |
| All other expenses | $154 |
| Total functional expenses | $186,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $490 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $631,114 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,917 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,086,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,863,752 |
| Accounts payable and accrued expenses | $9,894 |
| Grants payable | $0 |
| Deferred revenue | $19,643 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,097 |
| Total liabilities | $34,634 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,829,118 |
| Total liabilities and net assets/fund balances | $1,863,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Farm Bureau Association has recieved totaling $89.
| Awarding Organization | Amount |
|---|---|
Shaw Brothers Family Foundation Inc Gorham, ME PURPOSE: GENERAL OPERATING SUPPORT | $89 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Hampshire Farm Bureau Federation Concord, NH | $1,747,700 | $324,502 |
National Grange Mutual Charitable Foundation Keene, NH | $2,299,882 | $57,030 |
Maine Farm Bureau Association Augusta, ME | $1,863,752 | $330,143 |
Ossipee Valley Agricultural Society Newfield, ME | $372,786 | $243,121 |
Rochester Agricultural And Mechanical Assn Rochester, NH | $375,803 | $52,405 |
Patrons Of Husbandry Maine State Grange Jonesboro, ME | $2,630 | $0 |
Maine Association Of Agricultural Fairs Augusta, ME | $427 | $0 |
New Hampshire Plant Growers Association Concord, NH | $275,607 | $0 |
Patrons Of Husbandry Maine State Grange Wiscasset, ME | $49,673 | $0 |