Florida Farm Bureau Federation Inc
- Assets
- $521.7k
- Revenue
- $216.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Chiefland, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0762995
Organization Overview
Florida Farm Bureau Federation Inc is located in Chiefland, 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 3 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 $216.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $179.8k 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
LEVY COUNTY FARM BUREAU IS THE VOICE OF LEVY COUNTY AGRICULTURE. WE STRIVE TO INFORM AND EDUCATE OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEANUTS ARE THE LARGEST COMMODITY GROWN IN LEVY COUNTY. WE SHOWCASED THIS COMMODITY BY PARTICIPATING IN THE 'SPREAD THE LOVE' PEANUT BUTTER FOOD DRIVE. THESE TYPE OF EVENTS HELPS AGRICULTURE BY HIGHLIGHTING PEANUTS, ONE OF OUR MAJOR COMMODITIES, AND IMPROVING COMMUNITY RELATIONS.
EACH YEAR A DIFFERENT SECTOR OF AGRICULTURE OR COMMODITY IS HIGHLIGHTED DURING AG LITERACY DAY. PROGRAMS LIKE THESE ENABLE STUDENTS TO GAIN AN APPRECIATION FOR AGRICULTURE AND ITS IMPACT IN OUR DAILY LIVES. THIS YEAR, THE BOOK THAT ONE OF OUR YOUNG FARMERS AND RANCHERS WORKED WITH THE AUTHOR AND ILLUSTATOR WAS USED BY SCHOOLS THROUGHOUT FLORIDA TO TEACH ABOUT THE BEEF INDUSTRY.
LEVY COUNTY FARM BUREAU HOSTED A SPEECH CONTEST WHERE STUDENTS WERE ASKED TO RESEARCH AN AGRICULTURE RELATED TOPIC. STUDENTS WERE GIVEN THEOPPORTUNITY TO GIVE THEIR SPEECH TO INDUSTRY PROFESSIONALS. THIS CONTEST HELPS STUDENTS WORK ON MANY SKILLS NECESSARY TO EXCEL IN SCHOOL AND IN THE WORKPLACE. THE CONTEST GIVES STUDENTS AN OPPORTUNITY TO LEARN ABOUT ISSUES AND TECHNOLOGICAL ADVANCES IN AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Johnson Director | Trustee | 0.5 | $0 |
Arlene A Bell Secretary | Officer | 1.5 | $0 |
Brad Etheridge Director | Trustee | 0.5 | $0 |
Rollin Hudson Treasurer | Officer | 1 | $0 |
Jake Sache President | Officer | 3 | $0 |
Travis Wiygul Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $3,712 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $216,174 |
| 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 | $66,658 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,286 |
| 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 | $257 |
| Office expenses | $5,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,662 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,850 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,216 |
| Insurance | $2,862 |
| All other expenses | $0 |
| Total functional expenses | $179,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,566 |
| Savings and temporary cash investments | $98,449 |
| 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 | $1,407 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $521,722 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $521,722 |