Florida Farm Bureau Federation Inc
- Assets
- $985.8k
- Revenue
- $601.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Homestead, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0688990
Organization Overview
Florida Farm Bureau Federation Inc is located in Homestead, 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 06/2022, Florida Farm Bureau Federation Inc employed 6 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 06/2022, Florida Farm Bureau Federation Inc generated $601.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $498.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DADE COUNTY FARM BUREAU IS COMMITTED TO ENHANCING AGRICULTURE AND THE PERSONAL AND ECONOMIC WELL BEING OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DADE COUNTY FARM BUREAU WORKED ON THE LOCAL LEVEL TO OPPOSE GUIDANCE THAT WOULD PLACE UNNECESSARY COSTLY AND BURDENS ON FARMERS. MIAMI-DADE COUNTY DERM ENACTED A GUIDANCE THAT ESSENTIALLY PRESUMES THAT ALL CURRENT OR FORMER AGRICULTURAL LANDS ARE CONTAMINATED BECAUSE THEY MAY HAVE HAD AGRICULTURAL CHEMICALS APPLIED TO THEM. THIS REQUIREMENT GOES FAR BEYOND THE CURRENT REQUIREMENTS AND CUSTOMARY ASSESSMENTS IN OTHER PARTS OF THE STATE. THE PASSAGE OF FLORIDA'S HB 909 HELPED REMIDIATE THE GUIDANCE AND CLARIFY THAT THE SECRETARY OF ENVIRONMENTAL PROTECTION HAS EXCLUSIVE JURISDICTION IN SETTING STANDARDS FOR EVALUATING ENVIRONMENTAL CONDITIONS AND ASSESSING POTENTIAL LIABILITY FOR THE PRESENCE OF CONTAMINANTS ON LAND THAT IS CLASSIFIED AS AGRICULTURAL, AND IS BEING CONVERTED TO A NONAGRICULTURAL USE.
FARM BUREAU DAYS IN TALLAHASEE IS A TIME FOR OUR COUNTY MEMBERS TO MEET WITH LEGISLATORS AND COMMUNICATE ABOUT THE IMPORTANT ROLE AGRICULTURE PLAYS IN OUR COMMMUNITIES. WE SHARE OUR STORIES AND REMIND THEM WHY THE HEALTH OF OUR FOOD, WATER AND LAND IS IMPORTANT AND HOW THEY POLICIES IMPACT OUR INDUSTRY AND THE REST OF SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kern Carpenter Director | Trustee | 1 | $0 |
Larry Dunagan Director | Trustee | 1 | $0 |
Salvatore Finocchiaro President | Officer | 2 | $0 |
David Hanck Treasurer | Officer | 1 | $0 |
Steve Hoveland Director | Trustee | 1 | $0 |
David Kaplan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,520 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,213 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,669 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,229 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $231,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,766 |
| Payroll taxes | $17,674 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $9,019 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,721 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,343 |
| Insurance | $13,123 |
| All other expenses | $0 |
| Total functional expenses | $498,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,252 |
| Savings and temporary cash investments | $514,463 |
| 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 | $1,217 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,628 |
| Total assets | $985,788 |
| Accounts payable and accrued expenses | $3,618 |
| 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 | $4,350 |
| Total liabilities | $7,968 |
| 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 |
| Total liabilities and net assets/fund balances | $977,820 |