Massachusetts Farm Bureau Federation Inc
- Assets
- $4.8m
- Revenue
- $1.1m
- Investments
- $70.5k
- Employees
- 7
- Location
- Marlborough, MA
- Founding
- 11/1942
- Data as of
- 06/2022
- EIN
- 04-2128453
Organization Overview
Massachusetts Farm Bureau Federation Inc is located in Marlborough, MA. The organization was established in 1942. 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 06/2022, Massachusetts Farm Bureau Federation Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Massachusetts Farm Bureau Federation Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Massachusetts Farm Bureau Federation Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $806.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL ASSISTANCE FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP SERVICES AND INFORMATION.
NATIONAL AND STATE ANNUAL MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Mitchell Clerk/asst.treas./ed | OfficerTrustee | 38 | $115,000 |
Warren Shaw President | OfficerTrustee | 2 | $0 |
Ryan Mackay Vice President | OfficerTrustee | 2 | $0 |
Wayne Smith Treasurer | OfficerTrustee | 2 | $0 |
Charles Proctor Director | Trustee | 2 | $0 |
Robert Kilmer Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,000 |
| Total Program Service Revenue | $682,819 |
| Investment income | $87,588 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,408 |
| Net Gain/Loss on Asset Sales | $180,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,090,743 |
| 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. | $115,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $231,868 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $88,029 |
| Payroll taxes | $26,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,359 |
| Fees for services: Accounting | $11,518 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,243 |
| Fees for services: Other | $7,694 |
| Advertising and promotion | $0 |
| Office expenses | $65,560 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,062 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,145 |
| Insurance | $6,562 |
| All other expenses | $5,718 |
| Total functional expenses | $806,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $319,575 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,712 |
| Net Land, buildings, and equipment | $1,021,255 |
| Investments—publicly traded securities | $3,281,327 |
| Investments—other securities | $70,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,822,461 |
| Accounts payable and accrued expenses | $36,563 |
| Grants payable | $0 |
| Deferred revenue | $313,307 |
| 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 | $0 |
| Total liabilities | $349,870 |
| Net assets without donor restrictions | $4,472,591 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,822,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Farm Workers Council Inc Springfield, MA | $22,599,263 | $91,357,434 |
National Young Farmers Coalition Hudson, NY | $5,615,134 | $7,809,830 |
Western New York Crop Management Association Cooperative Inc Warsaw, NY | $2,950,896 | $3,010,693 |
Adirondack North Country Association Inc Saranac Lake, NY | $462,447 | $1,437,257 |
Albany Schenectady Green County Agricultural & Historical Society Altamont, NY | $2,520,391 | $1,370,388 |
New York Corn And Soybean Growers Association Inc Silver Springs, NY | $557,476 | $1,195,521 |
Poughkeepsie Farm Project Poughkeepsie, NY | $881,222 | $1,235,646 |
Cobleskill Agricultural Society Cobleskill, NY | $938,679 | $955,201 |
Franklin County Agricultural Society Malone, NY | $1,121,552 | $1,234,895 |
Massachusetts Farm Bureau Federation Inc Marlborough, MA | $4,822,461 | $1,090,743 |
Codman Community Farms Inc Lincoln, MA | $3,498,724 | $1,249,610 |
Rhode Island State Grange Inc West Kingston, RI | $1,661,041 | $868,538 |