Scott County Farm Bureau Inc
- Assets
- $361.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gate City, VA
- Founding
- 05/1960
- Data as of
- 10/2022
- EIN
- 54-0651950
Organization Overview
Scott County Farm Bureau Inc is located in Gate City, 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. Scott 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 10/2022, Scott County Farm Bureau Inc generated $97.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $90.5k during the year ending 10/2022. While expenses have increased by 0.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrel Jeter President | 8 | $0 | |
Benny Starnes Vice President | 4 | $0 | |
Bruce Ecker Secretary/treasurer | 4 | $0 | |
Wayne Stallard Director | 3 | $0 | |
David Dingus Director | 3 | $0 | |
Walter Rose Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $89,560 |
| Investment income | $8,117 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,677 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,619 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,625 |
| Occupancy, rent, utilities, and maintenance | $8,894 |
| Printing, publications, postage, and shipping | $4,661 |
| Other expenses | $63,476 |
| Total expenses | $90,475 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,816 |
| Other assets | $0 |
| Total assets | $361,926 |
| Total liabilities | $15,653 |
| Net assets or fund balances | $346,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Crop Insurance And Reinsurance Bureau Inc Washington, DC | $1,877,266 | $941,636 |