Maryland Farm Bureau Inc
- Assets
- $5.2m
- Revenue
- $2.3m
- Investments
- $190.2k
- Employees
- 13
- Location
- Davidsonville, MD
- Founding
- 01/1937
- Data as of
- 06/2022
- EIN
- 52-0403490
Organization Overview
Maryland Farm Bureau Inc is located in Davidsonville, MD. The organization was established in 1937. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Maryland Farm Bureau Inc employed 13 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Maryland 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 06/2022, Maryland Farm Bureau Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Maryland Farm Bureau Inc has awarded 89 individual grants totaling $792,559. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARYLAND FARM BUREAU, INC. IS AN AGRICULTURAL, NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO PROTECT AND GROW MARYLAND AGRICULTURE AND PRESERVE RURAL LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL OUTREACH - THE MARYLAND FARM BUREAU, INC. (MFB) ATTEMPTS TO EDUCATE THE GENERAL PUBLIC ON THE SAFE AND ABUNDANT FOOD SUPPLY IN THE UNITED STATES. THIS IS ACCOMPLISHED IN A VARIETY OF WAYS. MFB'S QUARTERLY MAGAZINE CARRIES MANY ARTICLES THAT EXPLAIN MODERN AGRICULTURE AND JUST HOW ONES FOOD GETS FROM THE FIELD TO THEIR FORK. OTHER PAMPHLETS AND BROCHURES EXPLAIN VARIOUS SEGMENTS OF THE AGRICULTURAL INDUSTRY. WITH THE HELP OF OTHER ORGANIZATIONS, MFB TRAINS TEACHERS TO BE PREPARED TO TEACH KIDS ABOUT AGRICULTURE IN ELEMENTARY AND SECONDARY SCHOOLS.
GOVERNMENT RELATIONS - AS EACH GENERATION IS FURTHER REMOVED FROM THE FARM, IT'S INCREASINGLY IMPORTANT TO BE ACTIVE IN THE LEGISLATIVE AND REGULATORY ARENAS. MARYLAND FARM BUREAU WORKS WITH LOCAL, STATE, AND NATIONAL LAWMAKERS AND REGULATORS TO ASSURE THAT AGRICULTURE'S ISSUES ARE RAISED AND ADDRESSED. MFB ALSO WORKS WITH INDIVIDUAL MEMBERS WHO NEED HELP WITH A VARIETY OF ISSUES INCLUDING ZONING, WATER, DRAINAGE, REGULATORY COMPLIANCE, ETC.
SUPPORT OF COUNTY FARM BUREAUS - THE FARM BUREAU STRUCTURE AT THE COUNTY LEVEL IS ALL VOLUNTARY. INDIVIDUAL MEMBERS WHO ARE FARMERS OR PEOPLE WHO HAVE A PASSION/LOVE FOR AGRICULTURE MAKE UP THE BOARDS AND COMMITTEES THAT CARRY OUT THE WORK AT THE COUNTY LEVEL. MFB PROVIDES SUPPORT TO THE COUNTY FARM BUREAUS THROUGH STAFF WHO ASSIST THEM WITH PROGRAM PLANNING, LEADERSHIP DEVELOPMENT, TRAINING, MEMBERSHIP SOLICITATION, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Torres Executive Director | Officer | 40 | $148,320 |
Jon Ferguson Director Of Government & Public Relations | 40 | $101,007 | |
Wayne Stafford President | OfficerTrustee | 10 | $10,402 |
John Draper First VP | OfficerTrustee | 10 | $7,701 |
Jonathan Quinn Second VP | OfficerTrustee | 10 | $5,854 |
Marshal Cahall Director | Trustee | 1 | $1,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $158,552 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,747 |
| Total Program Service Revenue | $519,785 |
| Investment income | $76,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,020,806 |
| Net Rental Income | $4,500 |
| Net Gain/Loss on Asset Sales | $77,971 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,258,057 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $219,862 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $165,629 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $533,366 |
| Pension plan accruals and contributions | $17,095 |
| Other employee benefits | $47,512 |
| Payroll taxes | $43,823 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $358,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,956 |
| Fees for services: Other | $22,109 |
| Advertising and promotion | $21,342 |
| Office expenses | $39,812 |
| Information technology | $103,246 |
| Royalties | $0 |
| Occupancy | $34,478 |
| Travel | $37,136 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $294,730 |
| Interest | $0 |
| Payments to affiliates | $48,470 |
| Depreciation, depletion, and amortization | $82,941 |
| Insurance | $48,108 |
| All other expenses | $60,582 |
| Total functional expenses | $2,321,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,310 |
| Savings and temporary cash investments | $818,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,206 |
| 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 | $157,394 |
| Net Land, buildings, and equipment | $1,258,413 |
| Investments—publicly traded securities | $2,699,964 |
| Investments—other securities | $190,213 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,158,269 |
| Accounts payable and accrued expenses | $170,398 |
| Grants payable | $0 |
| Deferred revenue | $213,234 |
| 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 | $383,632 |
| Net assets without donor restrictions | $4,744,462 |
| Net assets with donor restrictions | $30,175 |
| 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 | $5,158,269 |
Grants Awarded
Over the last fiscal year, Maryland Farm Bureau Inc has awarded $102,865 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Queenstown, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $28,150 |
Frederick, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $14,540 |
New Windsor, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $12,295 |
Lothian, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $9,395 |
Denton, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $8,035 |
Street, MD PURPOSE: PROMOTE AGRICULTURAL LEADERSHIP | $6,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
Downtown Business Improvement District Corporation Washington, DC | $12,848,344 | $15,153,939 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Hampshire Foundation Inc Wilmington, DE | $84,819,916 | $17,954,468 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Neighborgood Partners Inc Dover, DE | $35,738,528 | $7,807,910 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
Pennsylvania Certified Organic Spring Mills, PA | $1,487,363 | $4,239,851 |
Pennsylvania Farm Bureau Camp Hill, PA | $15,863,020 | $5,878,793 |