Georgia Farm Bureau Federation
- Assets
- $41.9m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Macon, GA
- Founding
- 11/1971
- Data as of
- 08/2023
- EIN
- 58-0622854
Organization Overview
Georgia Farm Bureau Federation is located in Macon, GA. The organization was established in 1971. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Georgia Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Georgia Farm Bureau Federation generated $12.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $10.9m during the year ending 08/2023. While expenses have increased by 1.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT, AND REPRESENT THE BUSINESS, SOCIAL AND EDUCATIONAL INTERESTS OF THE FARMERS OF THE STATE AND TO ALSO DEVELOP AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
TO PROMOTE, PROTECT, AND REPRESENT THE BUSINESS, SOCIAL AND EDUCATIONAL INTERESTS OF THE FARMERS OF THE STATE AND TO ALSO DEVELOP AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Mccall President | OfficerTrustee | 80 | $0 |
Daniel L Johnson Vice Preside | OfficerTrustee | 35 | $0 |
Bernard Sims Vice Preside | OfficerTrustee | 30 | $0 |
Ralph Caldwell Vice Preside | OfficerTrustee | 32 | $0 |
Lucius Adkins Jr Director | Trustee | 23.4 | $0 |
Gilbert Barrett Director | Trustee | 27 | $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 | $8,155,528 |
| Investment income | $2,969,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,195,076 |
| Net Rental Income | $422,205 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,741,884 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $152,738 |
| Office expenses | $530,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $5,822,323 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,396,430 |
| Total functional expenses | $10,902,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,213,694 |
| Savings and temporary cash investments | $430,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,232,214 |
| 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 | $28,777 |
| Net Land, buildings, and equipment | $5,853,642 |
| Investments—publicly traded securities | $14,883,993 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,265,694 |
| Total assets | $41,908,014 |
| Accounts payable and accrued expenses | $1,108,415 |
| 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 | $1,652,086 |
| Total liabilities | $2,760,501 |
| Net assets without donor restrictions | $0 |
| 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 | $39,147,513 |
| Total liabilities and net assets/fund balances | $41,908,014 |