Albemarle Agriculture Enhancement Inc
- Assets
- $80.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabeth Cty, NC
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-2011630
Organization Overview
Albemarle Agriculture Enhancement Inc is located in Elizabeth Cty, NC. The organization was established in 2015. 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. Albemarle Agriculture Enhancement 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 12/2021, Albemarle Agriculture Enhancement Inc generated $13.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $11.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (18.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE PRODUCTION PROCESSING AND DISTRIBUTION OF AGRICULTURAL LIVESTOCK AND COMMODITIES PRODUCED IN THE ALBEMARLE REGION OF NC THROUGH EDUCATION EXHIBITION AND PROMOTION.
Describe the Organization's Program Activity:
Part 3
NORTHEAST AG EXPO IS HELD ANNUALLY ON THE LAST THURSDAY IN JULY TO SHOWCASE VARIOUS CROPS IN ACTUAL GROWING CONDITIONS AND TO REFLECT VARIOUS FARMING PRACTICES AND VARIETIES OF CORN WHEAT COTTON SOYBEANS GROWN IN THE SIX COUNTIES THAT MAKE UP THE ALBEMARLE REGION OF NORTHEASTERN NORTH CAROLINA. AREA FARMERS AND AGRI-BUSINESSES CAN SEE FIRST HAND THE PRACTICES AND RESULTS OF CROP YIELD REPORTS MADE AVAILABLE TO THE SIX COUNTIES INVOLVED.
THE SOYBEAN FESTIVAL IS HELD ANNUALLY IN JANUARY. THIS SHOWCASE EVENT IS FOLLOWED BY A DINNER WHICH PROVIDES FARMERS WITH CURRENT INFORMATION ABOUT SOYBEANS AND PRESENT VARIOUS USES INCLUDING FOOD SAMPLES.
THE FARM CITY BANQUET IN AN ANNUAL EVENT HELD IN NOVEMBER WHICH STRIVES TO BRING TOGETHER THE FARMERS IN THIS NORTHEASTERN NORTH CAROLINA AREA TO FELLOWSHIP WITH THEIR URBAN NEIGHBORS. THE WHOLE PURPOSE OF EACH EVENT IS TO SHOWCASE AND CREATE A BETTER UNDERSTANDING BETWEEN THE FARMERS AND THEIR URBAN COUNTERPARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antoine J Moore Director | 10 | $0 | |
Austin Brown Director | 10 | $0 | |
Paul Smith Director | 10 | $0 | |
Michael Twiddy Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,175 |
| Total Program Service Revenue | $9,726 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $13,901 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $250 |
| Occupancy, rent, utilities, and maintenance | $455 |
| Printing, publications, postage, and shipping | $348 |
| Other expenses | $10,722 |
| Total expenses | $11,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,953 |
| Other assets | $0 |
| Total assets | $80,420 |
| Total liabilities | $0 |
| Net assets or fund balances | $80,420 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Albemarle Agriculture Enhancement Inc has recieved totaling $18,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Small Grain Growers Association Inc Lucama, NC PURPOSE: SMALL GRAIN RESEARCH AND EDUCATION - EXTENSION RESEARCH | $6,000 |
North Carolina Small Grain Growers Association Inc Lucama, NC PURPOSE: SMALL GRAIN RESEARCH AND EDUCATION - EXTENSION RESEARCH | $6,000 |
North Carolina Small Grain Growers Association Inc Lucama, NC PURPOSE: SMALL GRAIN RESEARCH AND EDUCATION - EXTENSION RESEARCH | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
South Carolina Farm Bureau Federation Columbia, SC | $51,878,681 | $8,239,194 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
American Dairy Goat Association Spindale, NC | $1,569,647 | $2,322,313 |
National Association Of State Departments Of Agriculture Arlington, VA | $1,267,720 | $1,834,352 |
Bucksport Water System Inc Conway, SC | $17,896,855 | $3,096,455 |
Tennessee Valley Agricultural & Industrial Fair Knoxville, TN | $1,448,170 | $2,086,346 |
Boll Weevil Eradication Foundation Of Georgia Inc Tifton, GA | $5,087,795 | $1,811,217 |