Lunenburg County Farm Bureau Inc
- Assets
- $253.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kenbridge, VA
- Founding
- 02/1960
- Data as of
- 12/2022
- 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 12/2022, Lunenburg County Farm Bureau Inc generated $119.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $104.5k during the year ending 12/2022. While expenses have increased by 1.4% per year over the past 8 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.
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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 | |
Walter Thompson Director | 0.5 | $0 | |
Glenn Bagley Secretary/treasurer | 0.5 | $0 | |
Terry Rutledge Director | 0.5 | $0 | |
James Jenkins Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $33,957 |
| Investment income | $525 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $84,473 |
| Total Revenue | $118,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $729 |
| Salaries, other compensation, and employee benefits | $44,360 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $13,206 |
| Printing, publications, postage, and shipping | $5,718 |
| Other expenses | $38,864 |
| Total expenses | $104,452 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $215,725 |
| Other assets | $0 |
| Total assets | $253,643 |
| Total liabilities | $29,250 |
| Net assets or fund balances | $224,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Carolina Farm Stewardship Association Pittsboro, NC | $1,471,333 | $921,560 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
National Grange Of The Patrons Of Husbandry Washington, DC | $2,950,053 | $1,535,497 |
National Association Of Wheat Growers Washington, DC | $1,141,115 | $1,489,629 |
North Carolina Farmworkers Project Inc Benson, NC | $510,721 | $1,216,468 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |
Corn Growers Association Of North Carolina Inc Elizabethtown, NC | $2,684,449 | $1,670,852 |
American Association Of Crop Insurers Washington, DC | $761,223 | $894,089 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |