Gallatin County Farm Bureau
- Assets
- $280.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgway, IL
- Founding
- 01/1948
- Data as of
- 06/2022
- EIN
- 37-0664103
Organization Overview
Gallatin County Farm Bureau is located in Ridgway, IL. The organization was established in 1948. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Gallatin County 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 06/2022, Gallatin County Farm Bureau generated $128.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $131.1k during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 |
|---|---|---|---|
Hugh David Scates President | 1 | $160 | |
Ron Rushing Director | 1 | $80 | |
Dj Mcguire Director | 1 | $70 | |
Richard Noel Treasurer | 1 | $60 | |
David Logsdon Director | 1 | $50 | |
Jim Raben Vice-President | 1 | $50 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,257 |
| Total Program Service Revenue | $2,012 |
| Membership dues | $19,736 |
| Investment income | $38,416 |
| Gain or Loss | $3,177 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,415 |
| Total Revenue | $128,739 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $63,387 |
| Professional fees and other payments to independent contractors | $8,270 |
| Occupancy, rent, utilities, and maintenance | $519 |
| Printing, publications, postage, and shipping | $3,059 |
| Other expenses | $55,892 |
| Total expenses | $131,127 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $159,218 |
| Other assets | $0 |
| Total assets | $280,378 |
| Total liabilities | $8,749 |
| Net assets or fund balances | $271,629 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gallatin County Farm Bureau has recieved totaling $57,237.
| Awarding Organization | Amount |
|---|---|
Illinois Agricultural Association Bloomington, IL PURPOSE: Agricultural Education | $57,237 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Missouri Corn Growers Association Jefferson City, MO | $1,688,934 | $807,916 |