Banks County Farm Bureau Inc
- Assets
- $430.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Homer, GA
- Founding
- 02/1972
- Data as of
- 11/2022
- EIN
- 58-1118136
Organization Overview
Banks County Farm Bureau Inc is located in Homer, GA. 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. As of 11/2022, Banks County Farm Bureau Inc employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Banks 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 11/2022, Banks County Farm Bureau Inc generated $142.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $159.1k during the year ending 11/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURE PROMOTION
Describe the Organization's Program Activity:
Part 3
TO PROMOTE, PROTECT, AND REPRESENT THE BUSINESS, SOCIAL AND EDUCATIONAL INTEREST OF THE FARMERS OF THE COUNTY AND TO DEVELOP AGRICULTURE INTEREST IN THE COUNTY.
TO PROMOTE, PROTECT, AND REPRESENT THE BUSINESS, SOCIAL AND EDUCATIONAL INTEREST OF THE FARMERS OF THE COUNTY AND TO DEVELOP AGRICULTURE INTEREST IN THE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Morrison President | 4 | $0 | |
Sammy Reece Vice -Presid | 4 | $0 | |
Freddie Dalton Secretary/tr | 4 | $0 | |
Jerry Gordon Director | 1 | $0 | |
Margie Ward Director | 1 | $0 | |
Mike Gordon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $51,520 |
| Investment income | $7,912 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $83,411 |
| Total Revenue | $142,843 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $68,077 |
| Professional fees and other payments to independent contractors | $5,175 |
| Occupancy, rent, utilities, and maintenance | $17,647 |
| Printing, publications, postage, and shipping | $1,227 |
| Other expenses | $66,982 |
| Total expenses | $159,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $115,792 |
| Other assets | $0 |
| Total assets | $430,206 |
| Total liabilities | $0 |
| Net assets or fund balances | $430,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lagrange Academy Incorporated Lagrange, GA | $3,990,523 | $3,388,962 |
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Carolina Farm Stewardship Association Pittsboro, NC | $1,471,333 | $921,560 |
Florida Nursery Growers & Landscape Association Inc Orlando, FL | $4,051,633 | $1,495,171 |
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 |
Orange Avenue Citrus Growers Association Inc Vero Beach, FL | $5,804,202 | $1,061,071 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |
Florida Strawberry Growers Association Dover, FL | $4,770,706 | $1,630,969 |
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 |