Indiana Farm Bureau
- Assets
- $404.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 7
- Location
- Franklin, IN
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 35-0887415
Organization Overview
Indiana Farm Bureau is located in Franklin, IN. The organization was established in 1943. 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 12/2023, Indiana Farm Bureau employed 7 individuals. 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 12/2023, Indiana Farm Bureau generated $187.0k 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 (5.3%) each year. All expenses for the organization totaled $181.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT THE FARMERS VOICE ON ISSUES RELATED TO AGRICULTURE, EDUCATE THE CONSUMER AND PROMOTE FARM PRODUCTS, KEEP MEMBERS ABREAST OF POLICIES AND NEW DEVELOPMENTS.
Describe the Organization's Program Activity:
Part 3
WE SPONSOR THE CARMEL SYMPHONY CONCERT AT MALLOW RUN WINERY. WE HAD A BOOTH WITH INFORMATION ABOUT AGRICULTURE, ANIMAL CARE, AND WHAT FARM BUREAU DOES. WE SOLD MILKSHAKES SWEET CORN. OVER 2,000 PEOPLE ATTENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Abel Director | 1 | $135 | |
Nathan Bush Director | 1 | $270 | |
Jennifer Campbell Director | 1 | $787 | |
Gary Cook Director | 1 | $270 | |
Matt Davis Director | 1 | $270 | |
Dwight Doty Director | 1 | $90 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $33,118 |
| Membership dues | $34,960 |
| Investment income | $112,657 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $6,305 |
| Total Revenue | $187,040 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,170 |
| Professional fees and other payments to independent contractors | $2,747 |
| Occupancy, rent, utilities, and maintenance | $68,381 |
| Printing, publications, postage, and shipping | $6,453 |
| Other expenses | $79,678 |
| Total expenses | $181,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $236,765 |
| Other assets | $0 |
| Total assets | $404,743 |
| Total liabilities | $0 |
| Net assets or fund balances | $404,743 |