Giles County Farm Bureau
- Assets
- $376.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pembroke, VA
- Founding
- 11/1957
- Data as of
- 12/2022
- EIN
- 54-0680078
Organization Overview
Giles County Farm Bureau is located in Pembroke, VA. The organization was established in 1957. 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. Giles County Farm Bureau 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, Giles County Farm Bureau generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $48.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 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 |
|---|---|---|---|
Bernard Journell Vice President | 1.03 | $0 | |
Michael Thompson President | 2.96 | $0 | |
Ricky Johnston Secretary/treasurer | 0.21 | $0 | |
Nicole Stump Young Farmer Chairman | 0.73 | $0 | |
Jessica Gwaltney Womens Committee Chairman | 1.81 | $0 | |
David Rundgren Director | 0.19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,227 |
| Investment income | $286 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24,492 |
| Total Revenue | $52,005 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $564 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $18,131 |
| Printing, publications, postage, and shipping | $1,387 |
| Other expenses | $24,097 |
| Total expenses | $48,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,954 |
| Other assets | $0 |
| Total assets | $376,862 |
| Total liabilities | $135,672 |
| Net assets or fund balances | $241,190 |
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 |