Virginia Agricultural Growers Assoc Inc
- Assets
- $1.3m
- Revenue
- $403.4k
- Investments
- $0.0
- Employees
- 2
- Location
- South Boston, VA
- Founding
- 08/1981
- Data as of
- 10/2020
- EIN
- 54-1124816
Organization Overview
Virginia Agricultural Growers Assoc Inc is located in South Boston, VA. The organization was established in 1981. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2020, Virginia Agricultural Growers Assoc Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Agricultural Growers Assoc 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 10/2020, Virginia Agricultural Growers Assoc Inc generated $403.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $515.7k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION, PRODUCTION, AND MARKETING OF AGRICULTURAL AND HORTICULTURAL PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OBJECTIVES OF THIS ASSOCIATION SHALL BE:1. TO ACT AS A TRADE ASSOCIATION FOR AGRICULTURAL PRODUCERS IN THE STATE OF VIRGINIA.2. TO PROMOTE AND ENCOURAGE THE PRODUCTION AND MARKETING OF AGRICULTURAL AND HORTICULTURAL PRODUCTS BY ASSISTING ITS MEMBERS IN THE AREAS OF RESEARCH, LEGISLATION, LABOR MANAGEMENT AND RELATED ACTIVITIES.3. TO DISSEMINATE INFORMATION WITH REGARD THERETO.4. TO ACCOMPLISH ANY LAWFUL PURPOSE OR PURPOSES PERMITTED TO A CORPORATION UNDER THE VIRGINIA NON STOCK CORPORATION ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven B Bowen President | OfficerTrustee | 0 | $0 |
Lindsey Warren Vice President | OfficerTrustee | 0 | $0 |
Wade Tom Blair Treasurer | OfficerTrustee | 0 | $0 |
Garland Comer Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $23,937 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,427 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,150 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,919 |
| Fees for services: Accounting | $865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,383 |
| Advertising and promotion | $594 |
| Office expenses | $3,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,315 |
| Travel | $4,268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,207 |
| Insurance | $13,304 |
| All other expenses | $0 |
| Total functional expenses | $515,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,201 |
| Savings and temporary cash investments | $1,103,346 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,071 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,284,374 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,640 |
| Total liabilities | $2,640 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $1,281,734 |
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|---|---|---|
American Farm Bureau Federation Washington, DC | $90,939,255 | $33,384,645 |
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Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Downtown Business Improvement District Corporation Washington, DC | $12,848,344 | $15,153,939 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |