Lunenburg County Farm Bureau Inc
- Assets
- $266.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kenbridge, VA
- Founding
- 02/1960
- Data as of
- 12/2023
- EIN
- 54-0564647
Organization Overview
Lunenburg County Farm Bureau Inc is located in Kenbridge, VA. The organization was established in 1960. 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. Lunenburg County 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 12/2023, Lunenburg County Farm Bureau Inc generated $63.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $50.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hite Jr President | 0.5 | $0 | |
William Coffee Vice President | 0.5 | $0 | |
Glenn Bagley Secretary/treasurer | 0.5 | $0 | |
Terry Rutledge Director | 0.5 | $0 | |
Walter Thompson Director | 0.5 | $0 | |
Eli Parrish Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $33,450 |
| Investment income | $3,918 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,738 |
| Total Revenue | $63,106 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $725 |
| Salaries, other compensation, and employee benefits | $11,887 |
| Professional fees and other payments to independent contractors | $200 |
| Occupancy, rent, utilities, and maintenance | $4,575 |
| Printing, publications, postage, and shipping | $2,593 |
| Other expenses | $28,813 |
| Total expenses | $50,143 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,091 |
| Other assets | $0 |
| Total assets | $266,351 |
| Total liabilities | $28,995 |
| Net assets or fund balances | $237,356 |