Southern Peanut Farmers Federation
- Assets
- $424.7k
- Revenue
- $353.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dothan, AL
- Founding
- 12/2002
- Data as of
- 12/2023
- EIN
- 41-2061842
Organization Overview
Southern Peanut Farmers Federation is located in Dothan, AL. The organization was established in 2002. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Southern Peanut Farmers Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Southern Peanut Farmers Federation generated $353.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $517.5k during the year ending 12/2023. 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 EDUCATE SOUTHERN PEANUT FARMERS ON INDUSTRY ISSUES THAT IMPACT PRODUCERS, PEANUT PRODUCTION AND MARKETING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SPONSORSHIP OF AN ANNUAL CONFERENCE TO PROVIDE AN INDUSTRY EDUCATIONAL FORUM DESIGNED WITH THE PEANUT GROWER IN MIND. ISSUES DISCUSSED WILL BE THOSE THAT IMPACT PRODUCERS AND PEANUT PRODUCTION AND MARKETING.
SPONSORSHIP OF THE SOUTHEASTERN PEANUT LEADERSHIP PROGRAM WHICH IS AN 18-24 MONTH PROGRAM FOR NOMINATED AND SELECTED PEANUT PRODUCERS. THE PROGRAM IS DESIGNED TO EDUCATE PARTICIPANTS IN ALL ASPECTS OF THE PEANUT INDUSTRY AND TO HELP DEVELOP LEADERSHIP SKILLS.
COMMUNICATION OF ISSUES THAT WILL IMPACT THE PEANUT PRODUCER INCLUDING: POLICY IMPACT, PUBLIC INTEREST, RESEARCH, GROWER EDUCATION, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Barton Board Member | Trustee | $0 | |
Joe Boddiford Board Member | Trustee | $0 | |
Dr Malcolm Broome Board Member | Trustee | $0 | |
Larry Ford Board Member | Trustee | $0 | |
Libbie Johnson Board Member | Trustee | $0 | |
Don Koehler Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| 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 | $0 |
| Total Program Service Revenue | $349,992 |
| Investment income | $3,675 |
| 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 | $353,667 |
| 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 | $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 | $7,711 |
| Fees for services: Lobbying | $61,800 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $68,800 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,357 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $284,539 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $517,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$8 |
| Savings and temporary cash investments | $424,698 |
| 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 | $424,690 |
| 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 | $424,690 |
| 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 | $424,690 |