Indiana Farm Bureau
- Assets
- $298.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salem, IN
- Founding
- 10/1946
- Data as of
- 10/2023
- EIN
- 35-0826325
Organization Overview
Indiana Farm Bureau is located in Salem, IN. The organization was established in 1946. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Indiana 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 10/2023, Indiana Farm Bureau generated $26.8k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $13.7k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myra Albertson Director | 1 | $30 | |
Kevin Baird Director | 1 | $60 | |
Dara Borden Director | 1 | $20 | |
Aaron Fordyce Director | 1 | $40 | |
Laura Purlee Director | 1 | $50 | |
Kelsey Trueblood Director | 1 | $30 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60 |
| Total Program Service Revenue | $632 |
| Membership dues | $18,406 |
| Investment income | $6,162 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,540 |
| Total Revenue | $26,800 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $504 |
| Professional fees and other payments to independent contractors | $1,169 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,540 |
| Other expenses | $5,516 |
| Total expenses | $13,745 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $298,259 |
| Other assets | $0 |
| Total assets | $298,259 |
| Total liabilities | $0 |
| Net assets or fund balances | $298,259 |