Connecticut Farm Bureau Association Inc
- Assets
- $3.4m
- Revenue
- $518.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Wethersfield, CT
- Founding
- 07/1961
- Data as of
- 09/2023
- EIN
- 06-0663544
Organization Overview
Connecticut Farm Bureau Association Inc is located in Wethersfield, CT. The organization was established in 1961. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Connecticut Farm Bureau Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connecticut Farm Bureau Association 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 09/2023, Connecticut Farm Bureau Association Inc generated $518.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $585.2k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION SERVES AS THE VOICE FOR THE AGRICULTURAL INDUSTRY IN CONNECTICUT, AND IS PRIMARILY SUPPORTED BY DUES REVENUE FROM ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CT FARM BUREAU IS A STATEWIDE GRASSROOTS MEMBERSHIP ORGANIZATION DEDICATED TO SERVING ITS MEMBERS BY PROVIDING TIMELY INFORMATION AND ASSISTANCE ON A FULL RANGE OF FARMING AND ARGICULTURAL MATTERS. CT FARM BUREAU ALSO COMMITS RESOURCES TO SERVING RETAINING AND RECRUITING MEMBERS.
THE CT FARM BUREAU COMMUNICATES WITH LOCAL, STATE AND FEDERAL OFFICALS ON MATTERS OF IMPORTANCE TO ITS MEMBERS AND CONNECTICUT AGRICULTURE.
THE CT FARM BUREAU INFORMS ITS MEMBERS AND OTHER RESIDENTS ON A MULTITUDE OF MATTERS RELATED TO FARMING AND AGRICULTURE IN CONNECTICUT AND BEYOND BY PROVIDING AND DISTRIBUTING PUBLICATIONS, ATTENDING AND SPONSORING EVENTS AND PROVIDING ACCESS TO INFORMATION ONLINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Nichols Executive Di | Officer | 40 | $99,846 |
Paul Larson President | OfficerTrustee | 3 | $12,000 |
Keith Bishop 1st Vice Pre | OfficerTrustee | 1 | $500 |
Walter Adametz Director | Trustee | 0.5 | $0 |
John Bennett Director | Trustee | 0.5 | $0 |
Vickie Bomba-Lewandoski Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $265,863 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,863 |
| Total Program Service Revenue | $17,225 |
| Investment income | $91,888 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$75,240 |
| Net Gain/Loss on Asset Sales | $28,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $518,106 |
| 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 | $285,825 |
| Pension plan accruals and contributions | $8,399 |
| Other employee benefits | $44,877 |
| Payroll taxes | $22,060 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,455 |
| Fees for services: Lobbying | $36,159 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,999 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,315 |
| Office expenses | $33,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,327 |
| Interest | $398 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $912 |
| Insurance | $3,152 |
| All other expenses | $20,169 |
| Total functional expenses | $585,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,584 |
| 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 | $12,289 |
| Net Land, buildings, and equipment | $1,191,053 |
| Investments—publicly traded securities | $2,118,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $18,851 |
| Other assets | $0 |
| Total assets | $3,410,683 |
| Accounts payable and accrued expenses | $68,411 |
| Grants payable | $0 |
| Deferred revenue | $126,036 |
| 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 | $44,230 |
| Total liabilities | $238,677 |
| Net assets without donor restrictions | $3,161,777 |
| Net assets with donor restrictions | $10,229 |
| 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 | $3,410,683 |