North Carolina Poultry Federation Inc
- Assets
- $1.9m
- Revenue
- $246.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Raleigh, NC
- Founding
- 04/1971
- Data as of
- 12/2021
- EIN
- 56-0905018
Organization Overview
North Carolina Poultry Federation Inc is located in Raleigh, NC. The organization was established in 1971. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, North Carolina Poultry Federation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Poultry Federation Inc 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 12/2021, North Carolina Poultry Federation Inc generated $246.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $354.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 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
TO PROMOTE THE POULTRY INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE IMPROVEMENT OF BUSINESS CONDITIONS AND TO INFORM THOSE IN THE POULTRY INDUSTRY OF DEVELOPMENTS IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert L Ford Executive Di | Officer | 40 | $182,570 |
Andrew Boyles Immediate Pa | OfficerTrustee | 1 | $0 |
Dr Alice Johnson President | OfficerTrustee | 1 | $0 |
Jarrod Lowery 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Marty Parsons Secretary/tr | OfficerTrustee | 1 | $0 |
Scott Vanhoy 1st Vice Pre | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $226,595 |
| 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 | $226,595 |
| Total Program Service Revenue | $15,675 |
| Investment income | $2,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,255 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,942 |
| 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. | $193,475 |
| Compensation of current officers, directors, key employees. | $38,695 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,247 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $807 |
| Payroll taxes | $12,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,296 |
| Fees for services: Accounting | $10,547 |
| Fees for services: Lobbying | $40,556 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,871 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393 |
| Insurance | $4,875 |
| All other expenses | $1,796 |
| Total functional expenses | $354,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,873,706 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,004 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,874,710 |
| 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 | $1,887 |
| Total liabilities | $1,887 |
| Net assets without donor restrictions | $1,863,823 |
| Net assets with donor restrictions | $9,000 |
| 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 | $1,874,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claxton Poultry Farms Trust Claxton, GA | $1,415,506 | $8,695,488 |
Tennessee Walking Horse Breeders & Exhibitors Association Lewisburg, TN | $1,795,038 | $1,391,959 |
Georgia Cattlemens Association Inc Macon, GA | $1,277,076 | $1,308,478 |
The Livestock Conservancy Inc Pittsboro, NC | $1,135,488 | $1,337,079 |
North Carolina Cattlemens Assn Inc FuquayVarina, NC | $739,833 | $875,134 |
Virginia Beef Cattle Improvement Assn Blacksburg, VA | $188,516 | $780,596 |
Tennessee Cattlemens Association Murfreesboro, TN | $1,366,983 | $701,337 |
Virginia Cattlemens Association Daleville, VA | $278,818 | $551,486 |
North Carolina Horse Council Raleigh, NC | $418,370 | $317,170 |
Virginia Thoroughbred Association Charlottesville, VA | $562,520 | $493,730 |
North Carolina Poultry Federation Inc Raleigh, NC | $1,874,710 | $246,942 |
South Carolina Quater Horse Association Cross, SC | $87,957 | $351,968 |