Richland County Farm Bureau
- Assets
- $575.2k
- Revenue
- $213.2k
- Investments
- $1.4k
- Employees
- 3
- Location
- Olney, IL
- Founding
- 05/1925
- Data as of
- 08/2023
- EIN
- 37-0667500
Organization Overview
Richland County Farm Bureau is located in Olney, IL. The organization was established in 1925. 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 08/2023, Richland County Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richland 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 08/2023, Richland County Farm Bureau generated $213.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $205.7k during the year ending 08/2023. While expenses have increased by 5.3% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MARKETING OF AGRICULTURAL PRODUCTS AND TO PROVIDE EDUCATIONAL AND SOCIAL ACTIVITIES FOR ITS MEMBERS OF RICHLAND COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES AND PROMOTION OF AGRICULTURAL RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Gardner Director | Trustee | 0 | $0 |
Aaron Meadows Director | Trustee | 0 | $0 |
Blake Graves Director | Trustee | 0 | $0 |
Brian Lemke Director | Trustee | 0 | $0 |
Jordon Ridgely Director | Trustee | 0 | $0 |
Matthew Dehlingher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $36,626 |
| Fundraising events | $0 |
| Related organizations | $39,898 |
| Government grants | $45,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,806 |
| Total Program Service Revenue | $9,609 |
| Investment income | $23,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,229 |
| Net Gain/Loss on Asset Sales | $897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,030 |
| Payroll taxes | $4,086 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $259 |
| Office expenses | $18,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,833 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,304 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,420 |
| Insurance | $1,320 |
| All other expenses | $32,567 |
| Total functional expenses | $205,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,496 |
| Savings and temporary cash investments | $101,994 |
| Pledges and grants receivable | $11,322 |
| Accounts receivable, net | $3,641 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $92,000 |
| Inventories for sale or use | $4,076 |
| Prepaid expenses and deferred charges | $2,604 |
| Net Land, buildings, and equipment | $27,794 |
| Investments—publicly traded securities | $273,381 |
| Investments—other securities | $1,444 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $460 |
| Total assets | $575,212 |
| Accounts payable and accrued expenses | $8,560 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,022 |
| Total liabilities | $10,582 |
| Net assets without donor restrictions | $564,630 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $575,212 |