Florida Farm Bureau Federation Inc
- Assets
- $2.2m
- Revenue
- $973.3k
- Investments
- $0.0
- Employees
- 10
- Location
- Alachua, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0762130
Organization Overview
Florida Farm Bureau Federation Inc is located in Alachua, 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 10 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 $973.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $828.1k during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
DEDICATED TO PRESERVING THE AGRICULTURAL RIGHTS OF THOSE IN OUR COMMUNITY THAT FARM OR HAVE AN AG-RELATED BUSINESS. ACT AS AN ADVOCATE OVER LOCAL GOVN'T TO ENSURE PRIVATE PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALACHUA COUNTY FARM BUREAU HAS PARTNERED WITH A LOCAL TELEVISION STATION TO MAKE THE PUBLIC AWARE OF THE VARIOUS AGRICULTURAL ISSUES IMPACTING OUR LOCAL FARMERS AND RANCHERS. THIS IS THE ONLY LOCALLY PRODUCED PROGRAM IN NORTH CENTRAL FLORIDA THAT FOCUSES ON OUR LOCAL AGRICULTURE AND RURAL IMPORTANT TOPIC OR ISSUE FACED BY AGRICULTURAL PRODUCERS AND RURAL RESIDENTS.
TO PROMOTE YOUTH AGRICULTURAL EDUCATION, OUR WOMEN'S COMMITTEE AND YOUNG FARMERS & RANCHERS SPONSORED MANY EVENTS DURING THE ALACHUA COUNTY FAIR AND LIVESTOCK SHOW. DURING THE YOUTH FAIR SCHOOL TOURS WERE PROVIDED TO STUDENTS WHERE THEY VISTED BOOTHS HIGHLIGHTING LOCAL AGRICULTREAL PRODUCTS. WE ALSO SUPPORTED THE LOCAL 4-H AND FFA GROUPS DURING THE LIVESTOCK SHOW BY SPONSORING LIVESTOCK.
ALACHUA COUNTY FAM BUREAU PROVIDES AN ARRAY OF EDUCATIONAL OPPORTUNITIES FOR STUDENTS OF ALL AGES. WE PROVIDED ACADEMIC SCHOLARSHIP TO HIGH SCHOOL STUDENTS WHOSES APPLICATIONS ARE DEEMED OUTSTANDING BY OUR YOUTH AND EDUCATIONAL COMMITTEE WHO WANT TO PURSUE AN AGRICULTURE DEGREE. WE ALSO HOLD A YOUTH SPEECH CONTEST. THE PURPOSE OF THIS CONTEST IS TO PROMOTE A STRONGER INTEREST AND CLEARED UNDERSTANDING OF THE MANY ASPECTS OF AGRICULTURE. IT GIVES STUDENTS THE OPPORTUNITY TO GAIN KNOWLEDGE, APPRECIATION AND UNDERSTANDING OF AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Feagle Director | Officer | 13 | $0 |
Kevin Lussier VP | Officer | 4 | $0 |
Alan Hitchcock Treasurer | Officer | 13 | $0 |
James Fleming Secretary | Officer | 7 | $0 |
Jim Emerson Director | Trustee | 6 | $0 |
Mark Mckinney Director | Trustee | 6 | $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 | $463,837 |
| Investment income | $12,398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,233 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $973,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $273,494 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,552 |
| 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 | $5,646 |
| Advertising and promotion | $19,105 |
| Office expenses | $28,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,960 |
| Travel | $32,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,088 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,418 |
| Insurance | $11,001 |
| All other expenses | $32,807 |
| Total functional expenses | $828,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,240 |
| Savings and temporary cash investments | $512,317 |
| 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 | $1,647 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,548,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,800 |
| Total assets | $2,248,255 |
| Accounts payable and accrued expenses | $0 |
| 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 | $340,255 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $340,255 |
| 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 | $1,908,000 |
| Total liabilities and net assets/fund balances | $2,248,255 |