New Jersey Farm Bureau
- Assets
- $19.2m
- Revenue
- $1.7m
- Investments
- $980.5k
- Employees
- 19
- Location
- Trenton, NJ
- Founding
- 02/1942
- Data as of
- 10/2020
- EIN
- 21-0524125
Organization Overview
New Jersey Farm Bureau is located in Trenton, NJ. The organization was established in 1942. 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 10/2020, New Jersey Farm Bureau employed 19 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. New Jersey Farm Bureau is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2020, New Jersey Farm Bureau generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $2.1m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROTECTING AND ADVANCING THE INTERESTS OF FARM PEOPLE THROUGH THE DEVELOPMENT AND IMPLEMENTATION OF SOUND POLICICES ON PUBLIC ISSUES RELATED TO AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PROVIDED TO GENERAL MEMBERSHIP FOR THE PURPOSE OF PROTECTION & ADVANCING THE INTERESTS OF FARM PEOPLE THROUGH THE DEVELOPMENT & IMPLEMENTATION OF SOUND POLICIES ON PUBLIC ISSUES RELATED TO AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Furey Executive Director | Trustee | 40 | $126,330 |
Ryck Suydam President | OfficerTrustee | 30 | $76,627 |
Allen Carter Jr 1st Vice President | OfficerTrustee | 10 | $10,000 |
Jim Etsch Treasurer | OfficerTrustee | 10 | $10,000 |
Steven Jany 2nd Vice President | OfficerTrustee | 10 | $7,500 |
Roger Kumpel Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $505,550 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,450 |
| Net Gain/Loss on Asset Sales | $231,331 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,660,862 |
| Statement of Expenses | |
|---|---|
| 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. | $230,457 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $562,117 |
| Pension plan accruals and contributions | $65,941 |
| Other employee benefits | $131,953 |
| Payroll taxes | $83,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,810 |
| Fees for services: Accounting | $34,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,663 |
| Fees for services: Other | $40,911 |
| Advertising and promotion | $0 |
| Office expenses | $19,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,718 |
| Travel | $63,440 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $88,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,827 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,086,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,221 |
| Investments—publicly traded securities | $17,449,975 |
| Investments—other securities | $980,546 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,219,434 |
| Accounts payable and accrued expenses | $13,525 |
| Grants payable | $0 |
| Deferred revenue | $419,760 |
| 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 | $934,651 |
| Total liabilities | $1,367,936 |
| 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 |
| Total liabilities and net assets/fund balances | $17,851,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hambletonian Society The Cranbury, NJ | $5,608,418 | $11,854,034 |
The William H Miner Agricultural Research Institute Chazy, NY | $25,150,167 | $10,410,462 |
Grace Communications Foundation Inc New York, NY | $9,222,389 | $7,837,107 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Hampshire Foundation Inc Wilmington, DE | $84,819,916 | $17,954,468 |
Neighborgood Partners Inc Dover, DE | $35,738,528 | $7,807,910 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
Pennsylvania Farm Bureau Camp Hill, PA | $15,863,020 | $5,878,793 |
New Jersey Farmers Cooperative West Cape May, NJ | $3,155,537 | $6,158,386 |
Amber Waves Farm Inc Amagansett, NY | $1,245,153 | $2,731,640 |
Local Union 102 Joint Training Fund Parsippany, NJ | $5,728,470 | $3,056,807 |