Florida Farm Bureau Federation Inc
- Assets
- $1.1m
- Revenue
- $454.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Molino, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0711497
Organization Overview
Florida Farm Bureau Federation Inc is located in Molino, 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 11 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 $454.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $437.2k 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
TO WORK FOR THE EDUCATION AND BETTERMENT OF AGRICULTURE IN ESCAMBIA COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESCAMBIA COUNTY FARM BUREAU SPONSORS THE GCA/NRYO LIVESTOCK SHOW. STUDENTS HAVE THE OPPORTUNITY TO SHOW OFF THEIR ANIMAL SCIENCE SKILLS GLEANED FROM THEIR PROJECTS. STUDENTS LEARN LIFE SKILLS AS WELL AS TEAMWORK, RESPONSIBILITY, WORK ETHICS, TIME MANAGEMENT AND BUSINESS SKILLS.
WE STRONGLY SUPPORT THE NORTHVIEW HIGH SCHOOL FFA'S FRESH FROM FLORIDA PROGRAM. THIS PROGRAM'S PURPOSE IS TO EDUCATE STUDENTS ON THE IMPORTANCE OF AGRICULTURE IN OUR COUNTY AND ENCOURAGE FFA MEMBERS TO PARTICIPATE IN AGRICULTURAL LITERACY AND AWARENESS PROJECTS ON THE LOCAL LEVEL. STUDENT RECEIVED THE OPPORTUNITY TO LEARN ABOUT AGRICULTURE FIRSTHAND AS THEY GOT UP CLOSE AND PERSONAL WITH FARM ANIMALS, FARM EQUIPMENT, AND MORE. THIS PROGRAM HAS BEEN NATIONALLY RECONGIZED BY THE NATIONAL FFA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Livingston Treasurer | Officer | 2 | $0 |
Michael G Godwin Director | Trustee | 10 | $0 |
Jerry W Mcelhaney Director | Trustee | 10 | $0 |
Brett R Ward Director | Trustee | 10 | $0 |
George Carpenter VP | Officer | 8 | $0 |
Jerry Sheppard President | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,849 |
| Net Gain/Loss on Asset Sales | -$5,803 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,833 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $454,250 |
| 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 | $181,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,322 |
| 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 | $3,350 |
| Office expenses | $15,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,545 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,565 |
| Insurance | $7,954 |
| All other expenses | $0 |
| Total functional expenses | $437,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $295,823 |
| Savings and temporary cash investments | $568,819 |
| 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 | $1,806 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,618 |
| Total assets | $1,126,327 |
| Accounts payable and accrued expenses | $6,205 |
| 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 | $6,205 |
| 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 | $1,120,122 |