Florida Farm Bureau Federation Inc
- Assets
- $969.7k
- Revenue
- $572.4k
- Investments
- $0.0
- Employees
- 8
- Location
- Bartow, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0686513
Organization Overview
Florida Farm Bureau Federation Inc is located in Bartow, FL. The organization was established in 1966. 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 06/2023, Florida Farm Bureau Federation Inc employed 8 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Florida Farm Bureau Federation 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 06/2023, Florida Farm Bureau Federation Inc generated $572.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $515.9k during the year ending 06/2023. 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 AND PROTECT THE AGRICULTURE IN POLK COUNTY. WE ARE A GRASSROOTS MEMBERSHIP ORGANIZATION THAT WORKS WITH LOCAL DECISION MAKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
POLK COUNTY FARM BUREAU HELD ITS 34TH ANNUAL MULTI-DAY AGRI-FEST EVENT FOR 4TH GRADERS. STUDENTS AND THEIR TEACHERS EXPLORE INTERACTIVE EXHIBITS AND ATTEND HANDS ON WORKSHOPS EACH DAY ON CITRUS, BEEF CATTLE, HORTICULTURE, FORESTRY, BLUEBERRIES, PHOSPHATE AND SOIL AND WATER CONSERVATION. THIS IS AN OPPORTUNITY TO EDUCATE THE YOUTH ON THE IMPORTANCE OF AGRICULTURE IN OUR COUNTY AND PROMOTE THE BETTERMENT OF AGRICULUTRE.
POLK COUNTY FARM BUREAU MEMBERS AND INDUSTRY LEADERS SAW A NEED FOR A FOUR YEAR AGRICULTURAL DEGREE IN OUR COUNTY. WE ENCOURAGED AND FACILITATED THE DEVELOPMENT OF WARNER UNIVERSITYS AGRICULTURAL STUDIES PROGRAM. THE PROJECT-BASED COURSES PROVIDE STUDENTS WITH MARKETABLE EXPERIENCE THROUGH INTERNSHIPS, FIELD TRIPS, MENTORSHIPS, CAPSTONE PROJECTS, AND GUEST LECTURES LED BY INDUSTRY LEADERS. INNOVATIVE COURSES IN SPECIALTY CROPS, ANIMAL SCIENCE, SOILS, PLANT SCIENCE, CONSERVATION, SUSTAINABILITY, GLOBAL AGRICULTURE, AND AGRIBUSINESS WILL HELP PREPARE STUDENTS TO ENTER THE AGRICULTURAL INDUSTRY AS KNOWLEDGEABLE AND TRAINED PROFESSIONALS.
POLK COUNTY FARM BUREAU PARTNERED SEVERAL COMMITTEES TO SPONSOR AN INTERACTIVE EDUCATIONAL EXHIBIT AT THE FLORIDA CHILDREN'S MUSEUM IN LAKELAND. THE FRUIT WASHING STATION EXHIBIT ALONG WITH OTHER AGRICULTURE THEMED EXHIBITS IN THE MUSEUM WILL EDUCATE YOUTH IN POLK COUNTY AND THE PUBLIC ABOUT THE IMPORTANCE OF AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles A Counter Director | Trustee | 2 | $0 |
Kenneth Devane Director | Trustee | 2 | $0 |
Dean T Evans Director | Trustee | 2 | $0 |
Nelson Kirkland Director | Trustee | 2 | $0 |
Ed Lassiter Director | Trustee | 2 | $0 |
Corby Myers Treasurer | Officer | 12 | $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 | $255,844 |
| Investment income | $15,726 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,115 |
| Net Income from Fundraising Events | $49,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,101 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $572,445 |
| 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 | $244,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,298 |
| 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 | $2,578 |
| Advertising and promotion | $0 |
| Office expenses | $17,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,432 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,931 |
| Insurance | $2,786 |
| All other expenses | $13,119 |
| Total functional expenses | $515,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,554 |
| Savings and temporary cash investments | $919,014 |
| 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 | $387 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,163 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,609 |
| Total assets | $969,727 |
| Accounts payable and accrued expenses | -$2,040 |
| 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 | -$2,040 |
| 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 | $971,767 |
| Total liabilities and net assets/fund balances | $969,727 |