Montgomery County Farm Bureau Inc
- Assets
- $330.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Farmersville, OH
- Founding
- 03/1931
- Data as of
- 03/2024
- EIN
- 31-0718725
Organization Overview
Montgomery County Farm Bureau Inc is located in Farmersville, OH. The organization was established in 1931. 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 03/2024, Montgomery County Farm Bureau Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Farm Bureau 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 03/2024, Montgomery County Farm Bureau Inc generated $138.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $124.8k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE RURAL STANDARD OF LIVING.
Describe the Organization's Program Activity:
Part 3
BENEFITS PAID TO OR FOR MEMBERS - THIS IS PAID MEMBERSHIPS TO THE OHIO FARM BUREAU FEDERATION AND TO AMERICAN FARM BUREAU TO FUTHER THEIR EFFORTS IN PROGRAMING AND PROMOTING THE FARMING COMMUNITY.
BENEFITS PAID TO OR FOR MEMBERS - THIS IS PAID MEMBERSHIPS TO THE OHIO FARM BUREAU FEDERATION AND TO AMERICAN FARM BUREAU TO FUTHER THEIR EFFORTS IN PROGRAMING AND PROMOTING THE FARMING COMMUNITY.
ADVERTISING AND PROMO - NEWSLETTERS, PROMOTIONAL AND MARKETING OF FARM ISSUES AND CURRENT EVENTS.
ADVERTISING AND PROMO - NEWSLETTERS, PROMOTIONAL AND MARKETING OF FARM ISSUES AND CURRENT EVENTS.
MEMBERSHIP - COST OF PROMOTING FARM BUREAU AND ITS MISSION. PROMOTION OF FARM BUREAU PROGRAMS AND EVENTS IN ORDER TO EDUCATE THE FARMER AND CONSUMER IN CURRENT FARMING AND FOOD ISSUES.
MEMBERSHIP - COST OF PROMOTING FARM BUREAU AND ITS MISSION. PROMOTION OF FARM BUREAU PROGRAMS AND EVENTS IN ORDER TO EDUCATE THE FARMER AND CONSUMER IN CURRENT FARMING AND FOOD ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Seim President | 1 | $0 | |
Mike Boyle Vice President | 1 | $0 | |
Betsy Martin Secretary | 1 | $0 | |
Jaclyn Decandio Trustee | 1 | $0 | |
Kevin Dull Trustee | 1 | $0 | |
Lindsay Griffin Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $95,903 |
| Investment income | $30,672 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,722 |
| Total Revenue | $138,297 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $62,226 |
| Salaries, other compensation, and employee benefits | $20,569 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $7,644 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,408 |
| Total expenses | $124,847 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $323,876 |
| Other assets | $0 |
| Total assets | $329,994 |
| Total liabilities | $2,465 |
| Net assets or fund balances | $327,529 |