Gratiot County Farm Bureau Inc
- Assets
- $278.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, MI
- Founding
- 01/1945
- Data as of
- 08/2022
- EIN
- 38-1360742
Organization Overview
Gratiot County Farm Bureau Inc is located in Ithaca, MI. The organization was established in 1945. 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. Gratiot County Farm Bureau Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, Gratiot County Farm Bureau Inc generated $54.9k 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 (3.1%) each year. All expenses for the organization totaled $44.3k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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 |
|---|---|---|---|
Melissa Gustavison Secretarytreasurer | 16 | $15,278 | |
Erin Humm Third Member | 1 | $0 | |
Stacey Cary Director | 1 | $0 | |
Tricia Mcdonald Young Farmer Representative | 1 | $0 | |
Eric Whitford President | 1 | $0 | |
Burton Henry Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,455 |
| Membership dues | $35,927 |
| Investment income | $1,627 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,926 |
| Total Revenue | $54,935 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,278 |
| Professional fees and other payments to independent contractors | $1,662 |
| Occupancy, rent, utilities, and maintenance | $9,287 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $18,028 |
| Total expenses | $44,313 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,775 |
| Other assets | $0 |
| Total assets | $278,324 |
| Total liabilities | $0 |
| Net assets or fund balances | $278,324 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Gratiot County Farm Bureau Inc has recieved totaling $16,868.
| Awarding Organization | Amount |
|---|---|
Michigan Farm Bureau Lansing, MI PURPOSE: COUNTY PROGRAM SUPRT | $16,868 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegan County Agricultural Society Allegan, MI | $6,554,669 | $2,889,339 |
Ohio Ecological Food And Farm Association Certification Columbus, OH | $723,448 | $1,998,099 |
Producers Livestock Credit Assoc Columbus, OH | $13,618,291 | $3,463,725 |
Shiawassee County Agricultural Society Fairgrounds Corunna, MI | $378,234 | $1,529,003 |
Ohio Corn & Wheat Growers Assoc Delaware, OH | $2,239,785 | $1,312,659 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Lapeer County Agricultural Society Imlay City, MI | $2,905,187 | $1,396,665 |
Saginaw County Agricultural Society Chesaning, MI | $2,433,080 | $855,880 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Grange Acres Non Profit Housing Corporation Lansing, MI | $4,437,126 | $588,851 |
Wisconsin State Cranbery Growers Association Wisconsin Rapids, WI | $202,268 | $675,448 |
Marathon County Agricultural Society Wausau, WI | $468,968 | $619,466 |