South Carolina Farm Bureau Educational Foundation

Organization Overview

South Carolina Farm Bureau Educational Foundation is located in Columbia, SC. The organization was established in 1981. 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. South Carolina Farm Bureau Educational Foundation 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 07/2023, South Carolina Farm Bureau Educational Foundation generated $43.6k 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 (8.1%) each year. All expenses for the organization totaled $37.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE SC EDUCATIONAL FOUNDATION PROVIDES OPPORTUNITIES TO INDIVIDUALS PURSUING AGRICULTURAL INTEREST BY PROVIDING FINANCIAL SUPPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EACH YEAR, THE SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION AWARDS SCHOLARSHIPS TO HONOR PAST FARM BUREAU LEADERS THAT MADE SIGNIFICANT CONTRIBUTIONS TO THE ORGANIZATION. THE SCHOLARSHIPS ARE FOR SOUTH CAROLINA FARM BUREAU MEMBER FAMILIES AND WILL BE AWARDED TO RISING COLLEGE SOPHOMORES, JUNIORS, AND SENIORS ON THE BASIS OF CHARACTER, DEMONSTRATED LEADERSHIP ABILITIES, AND DEDICATION TO AGRICULTURE OR RELATED FIELDS.


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Board, Officers & Key Employees

Name (title)Compensation
Donnie Wakefield
Director
$0
Robert Yoder Jr
Director
$0
Timmy Benton
Director
$0
Wesley Ulmer
Director
$0
Keith Allen
Director
$0
Raleigh Ward
Director
$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$26,863
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$26,863
Total Program Service Revenue$0
Investment income $15,232
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $1,466
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,561

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