Oakland County Farm Bureau
- Assets
- $706.8k
- Revenue
- $170.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Holly, MI
- Founding
- 02/1945
- Data as of
- 08/2024
- EIN
- 38-1428363
Organization Overview
Oakland County Farm Bureau is located in Holly, 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. Oakland 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 08/2024, Oakland County Farm Bureau generated $170.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $176.1k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY - USING GRASS ROOTS PHILOSOPHY, VOLUNTEER MEMBERS FORMULATE CURRENT AND EMERGING AGRICULTURAL ISSUES INTO AREAS OF INTEREST. MEMBERSHIP WITH A UNIFIED VOICE, PROVIDES DIRECTION TO THE STATE ORGANIZATION. THE STATEWIDE ORGANIZATION THEN DEVELOPS A LOCAL, STATE AND NATIONAL LEVEL STRATEGY.
YOUNG FARMERS - EDUCATION AND LEADERSHIP SKILL DEVELOPMENT PROGRAMS FOR CURRENT LOCAL AGRICULTURAL LEADERS WITHIN THE AGES OF 18 TO 35; OFFERS SOCIAL EVENTS AND ENCOURAGES INVOLVEMENT TO DEVELOP FUTURE LEADERS.
PROMOTION AND EDUCATION - EDUCATION ABOUT THE AGRICULTURAL INDUSTRY ARE OFFERED TO HUNDREDS IN GENERAL PUBLIC WITH EVENTS TO 4-H CLUBS, FFA CHAPTERS, SCHOOLS AND CIVIC GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Thomas Secretarytreasurer | OfficerTrustee | 40 | $71,672 |
Lc Scramlin Director | Trustee | 1 | $495 |
Larea Kremhelmer Promotion & Education Chair | Trustee | 1 | $495 |
Delaney Pantalone Director | Trustee | 1 | $495 |
Alexandra Dahl Young Farmer Chair | Trustee | 1 | $495 |
Glen Mitchell President | OfficerTrustee | 2 | $495 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $127,390 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $127,390 |
| Total Program Service Revenue | $0 |
| Investment income | $17,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $170,695 |
| 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. | $76,787 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $523 |
| All other expenses | $2,054 |
| Total functional expenses | $176,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,158 |
| Savings and temporary cash investments | $705,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,758 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $706,758 |
| 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 | $706,758 |