Farm Income Improvement Foundation Inc
- Assets
- $0.0
- Revenue
- $47.0
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 11/1997
- Data as of
- 12/2023
- EIN
- 31-1525389
Organization Overview
Farm Income Improvement Foundation Inc is located in Louisville, KY. The organization was established in 1997. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., 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. Farm Income Improvement Foundation Inc 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 12/2023, Farm Income Improvement Foundation Inc generated $47.0 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 (21.8%) each year. All expenses for the organization totaled $67.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL TOURS AND EXPENSES FOR IMPROVEMENT OF AGRICULTURE PRODUCTION & MARKETING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Haney President | 0.1 | $0 | |
Eddie Melton First Vice President | 0.1 | $0 | |
Sharon Furches Second Vice President | 0.1 | $0 | |
Drew Graham Secretary/treasurer | 0.1 | $0 | |
Al Pedigo Director | 0.1 | $0 | |
Barry Bush Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $47 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10 |
| Total operating and administrative expenses | $2,195 |
| Contributions, gifts, grants paid | $65,059 |
| Total expenses and disbursements | $67,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Farm Income Improvement Foundation Inc has awarded $65,059 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BURLEY & DARK TOBACCO PRODUCER ASSOCIATION PURPOSE: ANNUAL MEETING SPONSORSHIP | $10,000 |
KENTUCKY FARM BUREAU FEDERATION PURPOSE: BEEF TOUR AND CERTIFIED FARM MARKET TOUR SPONSORSHIP | $32,000 |
TENNESSEE FARM BUREAU FEDERATION PURPOSE: INDUSTRY PARTNER AND FARM EDUCATION MEETING SPONSORSHIP | $22,000 |
KENTUCKY FARM BUREAU EDUCATION FOUNDATION PURPOSE: PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS. | $530 |
TENNESSEE FOUNDATION FOR AGRICULTURE IN THE CLASSROOM PURPOSE: SUPPORT ADN PROMOTE AGRICULTURAL LEARNING IN THE STATE OF TENNESSEE. | $529 |