Colorado Farm Bureau Foundation
- Assets
- $230.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centennial, CO
- Founding
- 05/2010
- Data as of
- 09/2023
- EIN
- 20-8327307
Organization Overview
Colorado Farm Bureau Foundation is located in Centennial, CO. The organization was established in 2010. 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. Colorado Farm Bureau Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Colorado Farm Bureau Foundation generated $129.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $178.9k during the year ending 09/2023. While expenses have increased by 25.6% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES ASSISTANCE TO COLORADO FARMERS AND RANCHERS FOLLOWING MAJOR NATURAL DISASTERS IN COLORADO. FURTHERMORE, THE FOUNDATION PROVIDES FUNDING FOREDUCATION PROGRAMS WITHIN COLORADO FARM BUREAU AND RURAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3
THE PURPOSES FOR WHICH THE COLORADO FARM BUREAU FOUNDATION IS ORGANIZED IS FOR SCIENTIFIC RESEARCH, EDUCATIONAL AND OTHER CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (REFERRED TO AS THE "CODE"), INCLUDING, BUT NOT LIMITED TO THE FOLLOWING.SPECIFICALLY, THE COLORADO FARM BUREAU FOUNDATION HOPES TO INITIATE AND FINANCE THE FOLLOWING ACTIVITIES.1.) AGRICULTURAL RESEARCH AND EDUCATIONAL ACTIVITIES IN SUCH AREAS AS PRODUCTION AND MARKETING, QUALITY AND YIELD IMPROVEMENT, MECHANIZATION, FARM SAFETY, CONSERVATION AND NATURAL RESOURCES, IMPROVEMENT OR BETTER USE OF FERTILIZERS, INSECTICIDES AND HERBICIDES, AND WAYS AND MEANS OF INCREASING NET FARM INCOME.2.) TO ENCOURAGE AND MAINTAIN A VIABLE AND PROGRESSIVE AGRICULTURAL INDUSTRY, TO ENCOURAGE ON-THE-FARM USE OF APPLICATION OF BASIC RESEARCH DISCOVERIES, TO PROMOTE AND FINANCE THE STUDY OF AGRICULTURE AND RESEARCH THEREIN, THE DIFFUSION OF KNOWLEDGE THEREOF AND THE CONTINUING EDUCATION OF FARMERS AND RANCHERS.3.) TO INITIATE AND FINANCE PROGRAMS AND ACTIVITIES THAT INFORM THE PUBLIC ABOUT THE SCOPE, DIVERSITY AND IMPORTANCE OF THE AGRICULTURE INDUSTRY THROUGH EDUCATION CURRICULUM, TEACHER TRAINING WORKSHOPS, EXHIBITS AT VARIOUS EVENTS, AND OTHER RELATED ACTIVITIES.4.) TO PROVIDE AID TO INDIVIDUALS INVOLVED IN PRODUCTION AGRICULTURE IN THE EVENT OF A CATASTROPHIC DISASTER IMPACTING AGRICULTURAL PRODUCERS DUE TO A NATURAL EVENT SUCH AS BLIZZARD, FLOOD OR WILDFIRE.
AWARD EDUCATIONAL SCHOLARSHIPS AND AGRICULTURAL RESEARCH GRANTS TO CHILDREN AND MEMBERS OF COLORADO FARM BUREAU.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlyle Currier President | 0.5 | $0 | |
Chad Vorthmann Executive Vice President | 1 | $0 | |
Taylor Szilagyi Executive Vice President | 0.25 | $0 | |
James Henderson Vice President | 0.25 | $0 | |
Nathan Weathers District 2 - Director/treasurer | 0.25 | $0 | |
Jason Vermillion District 3 - Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,310 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,310 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,676 |
| Occupancy, rent, utilities, and maintenance | $2,067 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,889 |
| Total expenses | $178,887 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $225,900 |
| Other assets | $0 |
| Total assets | $230,035 |
| Total liabilities | $24,151 |
| Net assets or fund balances | $205,884 |
Grants Awarded
Over the last fiscal year, Colorado Farm Bureau Foundation has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA FARM BUREAU WOMEN'S FUND PURPOSE: RELIEF FUND | $5,000 |
TEXAS FB AGRICULTURE RESEARCH & EDUCATION FOUNDATION PURPOSE: HURRICANE HARVEY RELIEF FUND | $5,000 |