Florida Farm Bureau Federation Inc
- Assets
- $378.9k
- Revenue
- $277.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Sarasota, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0798884
Organization Overview
Florida Farm Bureau Federation Inc is located in Sarasota, 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 4 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 $277.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $232.3k 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
PROMOTING AGRICULTURE, OBTAINING FAVORABLE REGULATIONS AND INCREASING NET FARMING INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SARASOTA COUNTY FARM BUREAU SPONSORS SEVERAL YOUTH PROGRAMS DURING THE YEAR. WE SPONSOR ADD-ONS AT THE SARASOTA COUNTY AGRICULTURAL FAIR. WE DONATE TO THE LIVESTOCK EXHIBITORS AT THE SARASOTA COUNTY AGRICULTURAL FAIR IN SUPPORT OF FFA AND 4-H MEMBERS. MEMBERS VOLUNTEERED AT A LOCAL SCHOOLS AND SPOKE TO CHILDREN ABOUT THE DIFFERENT ANIMALS ON THEIR FARMS. THEY SPOKE ABOUT WHERE THE FOOD WE EAT THAT COMES FROM. THESE VARIOUS EVENTS ALLOW US TO CONTINUE TO WORK TOWARD THE BETTERMENT OF THOSE ENGAGED IN AGRICULTURE BY TEACHING THE NEXT GENERATION OF AGRICULTURALIST THE IMPORTANCE AND IMPACT WE MAKE IN OUR COMMUNITIES.
SARASOTA COUNTY FARM BUREAU HAD MEMBERS PARTICIPATE IN FARM BUREAU LEGISLATIVE DAYS. MEMBERS ARE GIVEN THE OPPORTUNITY TO MEET DIRECTLY WITH STATE LAWMAKERS AND THEIR STAFF, AND EDUCATE THE PUBLIC ON THE IMPORTANT ROLE AGRICULTURAL PRODUCERS PLAY IN OUR ECONOMY AND OUR EFFORTS TO KEEP FOOD SAFE, ABUNDANT AND AFFORDABLE FOR ALL CONSUMERS.
SARASOTA COUNTY FARM BUREAU SUPPORTED A LOCAL SCHOOL'S NEW AG IN THE CLASSROOM PROGRAM. THE SCHOOL INTENDS TO MODIFY A NATIVE SPECIES POLLINATOR GARDEN, DEVELOP A SPACE FOR BEES AND BUILD A FOOD FOREST FOR THEIR STUDENTS. THE GOAL IS CREATE A GARDEN THAT CAN SUPPLY THE NUTRITION AND CULINARY CLASSES WITH THE PRODUCTS NEEDED FOR THE CLASS AND PROVIDE ADDITIONAL FOOD FOR THEIR LUNCH PROGRAM. STUDENTS WILL HAVE THE OPPORTUNITY TO LEARN WHERE THEIR FOOD COMES FROM THROUGH HANDS ON EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael K Kennedy Director | Trustee | 2 | $0 |
Bill Mcclain Treasurer | Officer | 1.5 | $0 |
Robbie Martin President | Officer | 4 | $0 |
Ken Skel Director | Trustee | 2 | $0 |
Rory Martin Vice President | Officer | 0.5 | $0 |
Matt Palmer Secretary | Officer | 0.25 | $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 | $97,951 |
| Investment income | $1,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,016 |
| Net Gain/Loss on Asset Sales | -$1,181 |
| Net Income from Fundraising Events | $21,286 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$74 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,300 |
| 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 | $99,273 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,756 |
| 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 | $888 |
| Office expenses | $7,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,598 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,986 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,572 |
| Insurance | $5,424 |
| All other expenses | $7,325 |
| Total functional expenses | $232,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,018 |
| Savings and temporary cash investments | $145,298 |
| 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 | $489 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $142,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$9,074 |
| Total assets | $378,917 |
| Accounts payable and accrued expenses | $2,225 |
| 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 | $20,925 |
| Total liabilities | $23,150 |
| 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 | $355,767 |
| Total liabilities and net assets/fund balances | $378,917 |