W Va Farm Bureau Foundation Inc
- Assets
- $131.5k
- Revenue
- $216.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Buckhannon, WV
- Founding
- 03/1996
- Data as of
- 09/2023
- EIN
- 55-0746749
Organization Overview
W Va Farm Bureau Foundation Inc is located in Buckhannon, WV. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W VA Farm Bureau Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, W VA Farm Bureau Foundation Inc generated $216.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $182.1k during the year ending 09/2023. While expenses have increased by 9.2% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SPONSOR AGRICULTURAL EDUCATION PROGRAMS FOR STUDENTS AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE A MOBILE AGRICULTURAL LABORATORY CLASSROOM FOR ELEMENTARY SCHOOL STUDENTS. WE TRANSPORT THIS EDUCATIONAL CLASSROOM TO VARIOUS SCHOOLS THROUGHOUT THE STATE OF WEST VIRGINIA WHERE STUDENTS LEARN ABOUT VARIOUS ASPECTS OF AGRICULTURE AND PERFORM EXPERIMENTS. WE PROVIDE THE TEACHERS AND EDUCATIONAL MATERIALS. DURING THE YEAR ENDED SEPTEMBER 30, 2023, WE VISITED 35 WVA SCHOOLS AND EDUCATED 10,318 STUDENTS.
WE PROVIDE VARIOUS SUPPLIES SO KINDERGARTEN THROUGH 5'TH GRADE TEACHERS WOULD HAVE MORE AND CURRENT MATERIALS TO DISTRIBUTE TO THEIR STUDENTS AND EDUCATE THEM ABOUT AGRICULTURE. DURING THE YEAR ENDED SEPTEMBER 30, 2023, WE PROVIDED THESE SUPPLIES TO 35 SCHOOLS AND 10,318 STUDENTS IN WEST VIRGINIA.
DURING THE YEAR ENDED SEPTEMBER 30, 2023, THE FOUNDATION ASSISTED STUDENTS BY SPONSORING AN ANNUAL HAM AND BACON SHOW FOR FUTURE FARMERS OF AMERICA STUDENTS. 85 WEST VIRGINIA HIGH AND MIDDLE SCHOOL PARTICIPANTS PARTICIPATED IN THIS EDUCATIONAL EVENT.
WE PROVIDE THE TUITION FEES SO THAT KINDERGARTEN THROUGH 5'TH GRADE TEACHERS COULD ATTEND THE SUMMER AGRICULTURAL INSTITUTE, LEARN MORE ABOUT AGRICULTURE AND FARMING AND BETTER EDUCATE OUR YOUNG STUDENTS ABOUT AGRICULTURE. DURING THE YEAR ENDED SEPTEMBER 30, 2023 WE SPONSORED 16 TEACHERS TO ATTEND THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen P Butler Executive Se | Officer | 4 | $0 |
Pat Nestor Board Of Dir | Trustee | 0.5 | $0 |
Michael Merinar Bod , Exec C | OfficerTrustee | 0.5 | $0 |
Charles Wilfong Bod,pres,exe | OfficerTrustee | 0.5 | $0 |
Mike R Morris Board Of Dir | Trustee | 0.5 | $0 |
Michelle Wilfong Board Of Dir | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,606 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,856 |
| Total Program Service Revenue | $148,571 |
| Investment income | $32 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,448 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,907 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,721 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $24,871 |
| Insurance | $0 |
| All other expenses | $12,421 |
| Total functional expenses | $182,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,900 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $131,499 |
| Accounts payable and accrued expenses | $5,219 |
| 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 | $43,074 |
| Total liabilities | $48,293 |
| Net assets without donor restrictions | $83,206 |
| 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 | $131,499 |