Rhode Island Farm Bureau Federation Inc
- Assets
- $2.0m
- Revenue
- $239.5k
- Investments
- $0.0
- Employees
- 0
- Location
- W Greenwich, RI
- Founding
- 03/1973
- Data as of
- 12/2021
- EIN
- 05-0276860
Organization Overview
Rhode Island Farm Bureau Federation Inc is located in W Greenwich, RI. The organization was established in 1973. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island 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 12/2021, Rhode Island Farm Bureau Federation Inc generated $239.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $276.4k during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
AGRICULTURAL ADVOCACY - FUNDS FROM ALL SOURCES USED TO IMPROVE AGRICULTURAL INDUSTRY IN STATE OF RHODE ISLAND AND SUPPORT OF THE RHODE ISLAND FARM BUREAU LAND TRUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURAL ADVOCACY - FUNDS FROM ALL SOURCES USED TO IMPROVE AGRICULTURAL INDUSTRY IN STATE OF RHODE ISLAND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Polseno Director | OfficerTrustee | 0 | $0 |
Timothy Gallagher Secretary | Officer | 0 | $0 |
Kevin Breene Vice President | Officer | 0 | $0 |
Susanna Camacho Treasurer | Officer | 0 | $0 |
Henry B Wright III President | Officer | 0 | $0 |
Vincent Confreda Director | Trustee | 0 | $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 | $3,512 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,512 |
| Total Program Service Revenue | $66,265 |
| Investment income | $50,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $82,649 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $239,536 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $92,113 |
| Pension plan accruals and contributions | $2,535 |
| Other employee benefits | $0 |
| Payroll taxes | $4,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,666 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,544 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,579 |
| Information technology | $12,774 |
| Royalties | $0 |
| Occupancy | $26,916 |
| Travel | $746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,108 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,603 |
| All other expenses | $1,804 |
| Total functional expenses | $276,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,143 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,919,037 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,965,180 |
| Accounts payable and accrued expenses | $3,885 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,885 |
| Net assets without donor restrictions | $1,961,295 |
| 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 | $1,965,180 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Farm Workers Council Inc Springfield, MA | $22,599,263 | $91,357,434 |
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 |
Franklin County Agricultural Society Inc Greenfield, MA | $1,210,540 | $1,106,267 |
Cape Cod Cranberry Growers Assoc Plymouth, MA | $806,830 | $746,532 |
Guilford Agricultural Society Inc Guilford, CT | $1,055,748 | $374,242 |
Rhode Island Farm Bureau Federation Inc W Greenwich, RI | $1,965,180 | $239,536 |
Connecticut State Grange Patrons Of Husbandry Brooklyn, CT | $4,721,985 | $167,536 |
Wolcott Lions Agricultural Society Inc Wolcott, CT | $869,196 | $229,070 |
Connecticut Greenhouse Growers Association Inc Waterbury, CT | $106,199 | $0 |
New England Sheep And Wool Growers Assoc Inc Brimfield, MA | $151,881 | $0 |