Mitchell County Farm Bureau Inc
- Assets
- $132.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bakersville, NC
- Founding
- 09/1972
- Data as of
- 12/2021
- EIN
- 56-1009554
Organization Overview
Mitchell County Farm Bureau Inc is located in Bakersville, NC. The organization was established in 1972. 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. Mitchell County Farm Bureau 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 12/2021, Mitchell County Farm Bureau Inc generated $119.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $123.9k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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 |
|---|---|---|---|
David Terrell Secretary | 0.2 | $0 | |
Kenneth Woody V-President | 0.2 | $0 | |
Hal Campbell Member-Bod | 0.2 | $0 | |
Doug Young Member-Bod | 0.2 | $0 | |
Mark Byrd Member-Bod | 0.2 | $0 | |
Lonnie Cuthbertson President | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,958 |
| Total Program Service Revenue | $0 |
| Membership dues | $62,600 |
| Investment income | $54,196 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $119,754 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $3,502 |
| Printing, publications, postage, and shipping | $2,221 |
| Other expenses | $114,185 |
| Total expenses | $123,863 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $120,295 |
| Other assets | $0 |
| Total assets | $131,966 |
| Total liabilities | $0 |
| Net assets or fund balances | $131,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
Lagrange Academy Incorporated Lagrange, GA | $3,990,523 | $3,388,962 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Carolina Farm Stewardship Association Pittsboro, NC | $1,471,333 | $921,560 |
Georgia Crop Improvement Association Inc Athens, GA | $2,567,153 | $1,565,826 |
North Carolina Farmworkers Project Inc Benson, NC | $510,721 | $1,216,468 |
Forest Farmers Association Inc Carrollton, GA | $208,453 | $1,112,650 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |
Corn Growers Association Of North Carolina Inc Elizabethtown, NC | $2,684,449 | $1,670,852 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |