Louisiana Farm Bureau Foundation Inc
- Assets
- $884.5k
- Revenue
- $187.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 02/1992
- Data as of
- 12/2021
- EIN
- 58-1970561
Organization Overview
Louisiana Farm Bureau Foundation Inc is located in Baton Rouge, LA. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Farm Bureau Foundation Inc 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 12/2021, Louisiana Farm Bureau Foundation Inc generated $187.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $175.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SEEKS TO ENCOURAGE STUDENTS TO PURSUE A DEGREE AT A COLLEGE OR UNIVERSITY IN A CURRICULUM BENEFITTING AGRICULTURE IN SOME DIRECT OR INDIRECT MANNER. THE FOUNDATION ALSO PROVIDES DISASTER RELIEF FOR VICTIMS OF CATASTROPHIC EVENTS SUCH AS HURRICANES AND FLOODS. FUNDS RAISED FOR THESE PURPOSES ARE DISBURSED TO VICTIMS WHO ARE AFFECTED BY SUCH EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO ENCOURAGE STUDENTS TO PURSUE A DEGREE AT A COLLEGE OR UNIVERSITY IN A CURRICULUM BENEFITTING AGRICULTURE IN SOME DIRECT OR INDIRECT MANNER. THERE WERE EIGHT SCHOLARSHIPS AWARDED IN THE CURRENT YEAR. ALSO, SUPPLIES AND GRANTS TO PROVIDE DISASTER RELIEF FOR VICTIMS OF CATASTROPHI EVENTS SUCH AS HURRICANES AND FLOODS. FUNDS RAISED FOR THESE PURPOSES ARE DISBURSED TO VICTIMS WHO ARE AFFECTED BY SUCH EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Wooldridge First Vice-President | OfficerTrustee | 1 | $0 |
Scott M Wiggers Jr Second Vice-President | OfficerTrustee | 1 | $0 |
Jim Harper President | OfficerTrustee | 10 | $0 |
Michael G Melancon Secretary/treasurer | OfficerTrustee | 1 | $0 |
Richard B Fontenot Third Vice-President | OfficerTrustee | 1 | $0 |
Ronald Anderson Ex Officio President | Trustee | 1 | $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 | $178,604 |
| Noncash contributions included in lines 1a–1f | $2,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $178,604 |
| Total Program Service Revenue | $0 |
| Investment income | $9,897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $155,569 |
| 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 | $6,720 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $17 |
| Total functional expenses | $175,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,481 |
| Savings and temporary cash investments | $676,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,411 |
| Total assets | $884,492 |
| Accounts payable and accrued expenses | $81,613 |
| 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 | $0 |
| Total liabilities | $81,613 |
| Net assets without donor restrictions | $802,879 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $884,492 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Louisiana Farm Bureau Foundation Inc has recieved totaling $43,159.
| Awarding Organization | Amount |
|---|---|
Mississippi Farm Bureau Foundation & Relief Fund Inc Jackson, MS PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $24,459 |
Alfa Foundation Montgomery, AL PURPOSE: PUBLIC CHARITY | $10,000 |
Vermilion Parish Farm Bureau Inc Baton Rouge, LA PURPOSE: DONATION | $8,700 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas A & M University 12th Man Foundation College Station, TX | $205,287,780 | $55,896,745 |
Brazos Education Loan Authority Inc Waco, TX | $1,464,923,579 | $48,416,543 |
Brazos Higher Education Authority Inc Waco, TX | $991,731,055 | $31,545,196 |
Terry Foundation Houston, TX | $405,880,401 | $20,877,529 |
At&t Foundation Dallas, TX | $30,306,998 | $4,969 |
Greater Texas Foundation Bryan, TX | $0 | $15,972,442 |
Post Oak School Bellaire, TX | $33,296,853 | $15,447,844 |
Robert G Carr & Nona K Carr Scholarship Foundation San Angelo, TX | $175,014,798 | $4,176,344 |
Abell-Hanger Foundation Midland, TX | $130,201,135 | $12,262,823 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |