Bedford County Farm Bureau
- Assets
- $343.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford, VA
- Founding
- 07/1957
- Data as of
- 12/2023
- EIN
- 54-6048266
Organization Overview
Bedford County Farm Bureau is located in Bedford, 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. Bedford 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 12/2023, Bedford County Farm Bureau generated $134.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $131.7k during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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 |
|---|---|---|---|
Josh Webster Director | 5.87 | $0 | |
James Young Director | 0.19 | $0 | |
James Turner Director | 0.13 | $0 | |
Tracy Harris Director | 0.64 | $0 | |
Matthew Baumgardner Director | 1.4 | $0 | |
William Wp Johnson Director | 1.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $134,383 |
| Investment income | $2,543 |
| Gain or Loss | -$2,660 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $134,266 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $2,146 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,512 |
| Printing, publications, postage, and shipping | $4,779 |
| Other expenses | $91,712 |
| Total expenses | $131,672 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $278,098 |
| Other assets | $0 |
| Total assets | $343,702 |
| Total liabilities | $37,941 |
| Net assets or fund balances | $305,761 |