Gratiot County Farm Bureau Inc
- Assets
- $270.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, MI
- Founding
- 01/1945
- Data as of
- 08/2023
- 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 08/2023, Gratiot County Farm Bureau Inc generated $54.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $42.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 4 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 |
|---|---|---|---|
Erin Humm Third Member | 1 | $0 | |
Burton Henry Vice President | 1 | $0 | |
Eric Whitford President | 1 | $0 | |
Stacey Cary Director | 1 | $0 | |
Logan Crumbaugh Director | 1 | $0 | |
Dylan Arnett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,682 |
| Membership dues | $34,762 |
| Investment income | $1,357 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $11,134 |
| 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 | $13,782 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $2,193 |
| Printing, publications, postage, and shipping | $131 |
| Other expenses | $25,579 |
| Total expenses | $41,985 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $110,905 |
| Other assets | $0 |
| Total assets | $270,418 |
| Total liabilities | $0 |
| Net assets or fund balances | $270,418 |