Virginia Agribusiness Council
- Assets
- $423.4k
- Revenue
- $394.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Midlothian, VA
- Founding
- 09/1972
- Data as of
- 06/2021
- EIN
- 54-0898392
Organization Overview
Virginia Agribusiness Council is located in Midlothian, VA. The organization was established in 1972. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Virginia Agribusiness Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Agribusiness Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Virginia Agribusiness Council generated $394.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $342.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT THE AGRICULTURE, FORESTRY, AND AGRIBUSINESS COMMUNITY IN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS / ACTIVITIES FOR MEMBERS TO DISCUSS CURRENT ISSUES FACING THE INDUSTRY.
MEETING WITH STATE AND FEDERAL LEGISLATORS AND EXECUTIVE BRANCH TO EXCHANGE NEEDS AND CONCERNS OF THE MEMBERS AND DECISION MAKERS.
INDUSTRY PROMOTION AND OTHER PROGRAMS; VARIOUS ACTIVITIES TO PROMOTE AGRIBUSINESS PROGRAMS & SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Shreve Executive Director | Officer | 40 | $90,000 |
Marlene Pierson-Jolliffe Vice Chair | OfficerTrustee | 2 | $0 |
Jay Abbott Secretary | OfficerTrustee | 2 | $0 |
Lindsay Reames Treasurer | OfficerTrustee | 2 | $0 |
Patrick Connelly Chair | OfficerTrustee | 2 | $0 |
Bob Bahr Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,084 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,484 |
| Total Program Service Revenue | $334,531 |
| Investment income | $5,722 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $394,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,303 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,729 |
| Pension plan accruals and contributions | $6,106 |
| Other employee benefits | $10,252 |
| Payroll taxes | $14,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,261 |
| Fees for services: Other | $142 |
| Advertising and promotion | $0 |
| Office expenses | $11,647 |
| Information technology | $6,444 |
| Royalties | $0 |
| Occupancy | $12,670 |
| Travel | $5,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,451 |
| All other expenses | $5,682 |
| Total functional expenses | $342,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,270 |
| Savings and temporary cash investments | $152,630 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $703 |
| 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 | $5,330 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $250,689 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,823 |
| Total assets | $423,445 |
| Accounts payable and accrued expenses | $17,982 |
| Grants payable | $0 |
| Deferred revenue | $108,548 |
| 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 | $126,530 |
| Net assets without donor restrictions | $296,915 |
| Net assets with donor restrictions | $0 |
| 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 | $423,445 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Air Transport Association Of America Inc Washington, DC | $19,761,042 | $37,054,059 |
National League Of Cities Washington, DC | $36,340,571 | $16,690,289 |
Williamsburg Area Chamber Of Commerce Williamsburg, VA | $14,757,466 | $13,076,106 |
House Majority Forward Washington, DC | $4,051,593 | $12,002,258 |
Naiop Inc Herndon, VA | $24,051,800 | $11,820,157 |
Association Of Small Business Development Centers Burke, VA | $3,386,085 | $9,990,521 |
Charlotte Regional Realtor Association Inc Charlotte, NC | $53,438,404 | $12,494,849 |
Real Estate Roundtable Inc Washington, DC | $4,544,529 | $7,445,927 |
North Carolina Association Of Realtors Inc Greensboro, NC | $31,160,587 | $11,391,480 |
The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |