Delaware State Farm Bureau Inc
- Assets
- $6.1m
- Revenue
- $803.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Camden, DE
- Founding
- 06/1964
- Data as of
- 10/2022
- EIN
- 51-0064278
Organization Overview
Delaware State Farm Bureau Inc is located in Camden, DE. The organization was established in 1964. 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. As of 10/2022, Delaware State Farm Bureau Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware State 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 10/2022, Delaware State Farm Bureau Inc generated $803.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $518.9k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVING AGRICULTURE AS AN INDUSTRY AND WAY OF LIFE, AND TO PROVIDE GROUP BENEFITS FOR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT COUNTY AND NATIONAL ORGANIZATION THROUGH THE SHARING OF DUES RECEIVED AND FUNDS RAISED.
CONFERENCE AND TRAINING ATTENDANCE BY MEMBERS AND STAFF TO INCREASE THEIR AWARENESS OF AGRICULTURE AS AN INDUSTRY.
MONTHLY NEWSLETTER AND OTHER EVENTS AND PROGRAMS TO INFORM ALL MEMBERS OF LOCAL AND NATIONAL CURRENT ISSUES RELATING TO AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hill First Vice President | OfficerTrustee | 30 | $0 |
William Powers III Director | Trustee | 2 | $0 |
Richard Wilkins President | OfficerTrustee | 30 | $0 |
Stewart Ramsey Director | Trustee | 2 | $0 |
June Unruh Director | Trustee | 2 | $0 |
Mary B Gooden Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,615 |
| Related organizations | $0 |
| Government grants | $19,531 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,271 |
| Total Program Service Revenue | $253,050 |
| Investment income | $164,711 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,124 |
| Net Gain/Loss on Asset Sales | $106,970 |
| Net Income from Fundraising Events | $24,262 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $803,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,653 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,066 |
| Pension plan accruals and contributions | $4,168 |
| Other employee benefits | $12,699 |
| Payroll taxes | $12,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,220 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,469 |
| Fees for services: Other | $0 |
| Advertising and promotion | $23,899 |
| Office expenses | $23,288 |
| Information technology | $9,791 |
| Royalties | $0 |
| Occupancy | $14,706 |
| Travel | $4,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,201 |
| Interest | $0 |
| Payments to affiliates | $32,494 |
| Depreciation, depletion, and amortization | $13,681 |
| Insurance | $5,563 |
| All other expenses | $14,532 |
| Total functional expenses | $518,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $967,884 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,736 |
| 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 | $4,040 |
| Net Land, buildings, and equipment | $278,730 |
| Investments—publicly traded securities | $4,816,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,884 |
| Total assets | $6,091,840 |
| Accounts payable and accrued expenses | $27,982 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,400 |
| 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 | $1,488 |
| Total liabilities | $32,870 |
| Net assets without donor restrictions | $6,058,970 |
| 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 | $6,091,840 |
Endowment Analysis
| Beg. Balance | $5,499,504 |
| Earnings | -$64,186 |
| Admin Expense | $67,469 |
| Ending Balance | $4,816,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania Farm Bureau Camp Hill, PA | $1,861,154 | $698,058 |
New Jersey Agricultural Society Bordentown, NJ | $494,363 | $520,407 |
Delaware State Farm Bureau Inc Camden, DE | $6,091,840 | $803,388 |
Pennsylvania State Grange Of Patrons Of Husbandry Hookstown, PA | $991,392 | $386,175 |
Northeast Organic Farming Assn West Amwell, NJ | $248,740 | $353,560 |
Pennsylvania State Grange Of Patrons Of Husbandry Lemoyne, PA | $5,583,765 | $309,105 |
Garden State Wine Growers Association A Nj Non-Profit Cream Ridge, NJ | $252,554 | $359,217 |
Pennsylvania State Grange Of Patrons Of Husbandry Rochester, PA | $531,168 | $323,767 |
Pennsylvania Vegetable Growers Assoc Richfield, PA | $404,801 | $164,033 |
Pennsylvania State Grange Of Patrons Of Husbandry Newtown, PA | $1,324,726 | $249,570 |
Vegetable Growers Association Of New Jersey Inc Berlin, NJ | $90,299 | $152,667 |
South Central Pa Dairy Industry Association Reading, PA | $25,549 | $0 |