Indiana Farm Bureau
- Assets
- $136.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Spencer, IN
- Founding
- 10/1946
- Data as of
- 08/2023
- EIN
- 35-0886365
Organization Overview
Indiana Farm Bureau is located in Spencer, 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 08/2023, Indiana Farm Bureau generated $43.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $36.5k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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 |
|---|---|---|---|
Gerald Boler Director | 1 | $225 | |
Dan Browning Director | 1 | $250 | |
Ed Curry Director | 1 | $175 | |
Kathleen Harriman Director | 1 | $225 | |
Shelley Harriman Director | 1 | $150 | |
Don Meek Director | 1 | $250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $250 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,652 |
| Investment income | $31,092 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $522 |
| Total Revenue | $43,516 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,940 |
| Professional fees and other payments to independent contractors | $692 |
| Occupancy, rent, utilities, and maintenance | $14,890 |
| Printing, publications, postage, and shipping | $522 |
| Other expenses | $14,993 |
| Total expenses | $36,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $108,579 |
| Other assets | $0 |
| Total assets | $136,879 |
| Total liabilities | $0 |
| Net assets or fund balances | $136,879 |