North Carolina State Grange
- Assets
- $22.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Statesville, NC
- Founding
- 06/1953
- Data as of
- 09/2023
- EIN
- 56-0544465
Organization Overview
North Carolina State Grange is located in Statesville, NC. The organization was established in 1953. 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. As of 09/2023, North Carolina State Grange employed 8 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. North Carolina State Grange is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 09/2023, North Carolina State Grange generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. 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
THE ORGANIZATION IS AN AGRICULTURAL FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ORGANIZED TO FOSTER A PROGRAM OF FELLOWSHIP, SERVICE TO COMMUNITY AND PROVIDE MEMBER ACTIVITIES. IT PROVIDES PROGRAM & SERVICES FOR MORE THAN 1550 MEMBERS THROUGHOUT NORTH CAROLINA AND PROVIDES SUPPORT FOR APPROXIMATELY 30 LOCAL GRANGES.
THE ORGANIZATION WAS ORGANIZED TO FOSTER A PROGRAM OF FELLOWSHIP, SERVICE TO COMMUNITY AND PROVIDE MEMBER ACTIVITIES. IT PROVIDES PROGRAM & SERVICES FOR MORE THAN 1600 MEMBERS THROUGHOUT NORTH CAROLINA AND PROVIDES SUPPORT FOR APPROXIMATELY 30 LOCAL GRANGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Gentry President | OfficerTrustee | 40 | $117,803 |
David Allen Vice Preside | OfficerTrustee | 2 | $0 |
Carlton Barefoot Emeritus | Trustee | 1 | $0 |
Tom Cash Board Member | Trustee | 1 | $0 |
John Crawford Director | Trustee | 1 | $0 |
Barden Culbreth Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $633,042 |
| Investment income | $580,272 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,031 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,242,605 |
| 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. | $134,137 |
| Compensation of current officers, directors, key employees. | $120,723 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,946 |
| Pension plan accruals and contributions | $16,723 |
| Other employee benefits | $20,585 |
| Payroll taxes | $26,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $23,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $133,437 |
| Fees for services: Other | $0 |
| Advertising and promotion | $47,656 |
| Office expenses | $13,163 |
| Information technology | $4,627 |
| Royalties | $0 |
| Occupancy | $37,924 |
| Travel | $81,503 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,206 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,672 |
| Insurance | $9,250 |
| All other expenses | $10,886 |
| Total functional expenses | $1,327,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,216 |
| Savings and temporary cash investments | $830,732 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,918 |
| 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 | $14,209 |
| Investments—publicly traded securities | $21,196,970 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,849 |
| Total assets | $22,227,894 |
| Accounts payable and accrued expenses | $75,769 |
| 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 | $139,244 |
| Total liabilities | $215,013 |
| Net assets without donor restrictions | $22,012,881 |
| 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 | $22,227,894 |