Laurens County Farm Bureau
- Assets
- $426.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laurens, SC
- Founding
- 01/1973
- Data as of
- 12/2021
- EIN
- 57-0358213
Organization Overview
Laurens County Farm Bureau is located in Laurens, SC. The organization was established in 1973. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Laurens 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 12/2021, Laurens County Farm Bureau generated $51.6k 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 (10.2%) each year. All expenses for the organization totaled $35.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. 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 |
|---|---|---|---|
Doug Stewart District VP | 0.3 | $0 | |
Thomas Dailey Vice President | 0.3 | $0 | |
Paul Wilkie State Director | 0.3 | $0 | |
James Martin Director | 0.3 | $0 | |
Brandon Hurley Director | 0.3 | $0 | |
Billy Abercrombie Legis. Comm Chr | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,375 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16,907 |
| Gain or Loss | $1,476 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $876 |
| Total Revenue | $51,634 |
| 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 | $6,746 |
| Occupancy, rent, utilities, and maintenance | $6,635 |
| Printing, publications, postage, and shipping | $1,256 |
| Other expenses | $21,068 |
| Total expenses | $35,705 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,287 |
| Other assets | $0 |
| Total assets | $425,955 |
| Total liabilities | $0 |
| Net assets or fund balances | $425,955 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lagrange Academy Incorporated Lagrange, GA | $3,990,523 | $3,388,962 |
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 |
Wayne County Livestock Development Association Incorporated Goldsboro, NC | $1,852,196 | $912,146 |
Georgia Pecan Growers Association Inc Tifton, GA | $373,562 | $694,239 |
Wake County Farm Bureau Raleigh, NC | $2,168,452 | $768,712 |
Lagrange Personal Aid Association Lagrange, GA | $156,001 | $538,000 |
North Carolina Small Grain Growers Association Inc Lucama, NC | $2,863,909 | $1,056,507 |