Lake County Farm Bureau
- Assets
- $676.2k
- Revenue
- $152.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Tavares, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0804885
Organization Overview
Lake County Farm Bureau is located in Tavares, 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, Lake County Farm Bureau employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lake County Farm Bureau 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, Lake County Farm Bureau generated $152.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $165.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. 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 BE THE 'VOICE' OF LAKE COUNTY AGRICULTURE, TO PROTECT THE ECONOMIC WELL BEING OF AGRICULTURAL PRODUCERS AND TO IMPROVE THE QUALITY OF LIFE IN LAKE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERS PRESENTED A KINDERGARTEN AG DAY AT A LOCAL ELEMENTARY SCHOOL, STUDENTS LEARNED ABOUT AGRICULTRE AND THE LIFE CYCLE OF PLANTS AS THEY ROTATED THROUGH 5 STATIONS. THEY RECEIVED A PINEAPPLE TO REINFORCE WHAT THEY LEARNED AND WERE PROVIDED WITH AN AGRICULTURAL RELATED BOOK.
LAKE COUNTY FARM BUREAU HELD ITS ANNUAL SPEECH CONTEST. STUDENTS WERE ASKED TO RESEARCH AN AGRICULTURAL RELATED TOPIC. EACH YEAR STUDENTS LEARN ABOUT CURRENT TOPICS IMPACTING AGRICULTURE WHILE DEVELOPING PUBLIC SPEAKING AND RESEARCH SKILLS.
LAKE COUNTY PRODUCED THREE VIDEOS HIGHLIGHTING SEVERAL FARMS AND RANCHES IN OUR AREA. THE VIDEOS WERE USED IN CONJUNCTION WITH OUR AGRITOURSIM BROUCHURES TO HELP PROMOTE AGRICULTURE WITHIN OUR COMMUNITY. AGRITOURISM IS A WAY TO EDUCATE CONSUMERS ON WHAT FARMERS AND RANCHERS DO BY GETTING THEM ON THE FARM. THESE EDUCATIONAL OPPORTUNITES HELP THE COUNTY WORK TOWARDS IMPROVING RELATIONSHIPS WITH THE COMMUNITY AND THE BETTERMENT OF THOSE ENGAGED IN AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Baker III Director | Trustee | 5 | $0 |
Michael D Hill Jr President | Officer | 15 | $0 |
William Benham Treasurer | Officer | 5 | $0 |
Daniel W Olson Secretary | Officer | 5 | $0 |
Ryan Atwood Vice President | Officer | 5 | $0 |
Keith Truenow Director | Trustee | 5 | $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 | $129,536 |
| Investment income | $1,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,037 |
| 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 | -$259 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 | $18,395 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,407 |
| 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 | $1,066 |
| Office expenses | $8,454 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,002 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,991 |
| Insurance | $4,937 |
| All other expenses | $8,882 |
| Total functional expenses | $165,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,709 |
| Savings and temporary cash investments | $0 |
| 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 | $744 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $114,038 |
| Investments—publicly traded securities | $528,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $676,176 |
| Accounts payable and accrued expenses | $11,331 |
| 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 | $11,331 |
| 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 | $664,845 |
| Total liabilities and net assets/fund balances | $676,176 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake County Farm Bureau has recieved totaling $12,201.
| Awarding Organization | Amount |
|---|---|
Florida Farm Bureau Federation Gainesville, FL PURPOSE: COUNTY GRANT | $12,201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lagrange Academy Incorporated Lagrange, GA | $3,990,523 | $3,388,962 |
Alabama Crop Improvement Association Inc Headland, AL | $6,364,411 | $3,074,944 |
Florida Nursery Growers & Landscape Association Inc Orlando, FL | $4,051,633 | $1,495,171 |
Georgia Crop Improvement Association Inc Athens, GA | $2,567,153 | $1,565,826 |
Forest Farmers Association Inc Carrollton, GA | $208,453 | $1,112,650 |
Orange Avenue Citrus Growers Association Inc Vero Beach, FL | $5,804,202 | $1,061,071 |
Florida Strawberry Growers Association Dover, FL | $4,770,706 | $1,630,969 |
Georgia Pecan Growers Association Inc Tifton, GA | $373,562 | $694,239 |
Alachua County Farm Bureau Alachua, FL | $2,467,895 | $805,704 |
Polk County Farm Bureau Bartow, FL | $837,190 | $892,397 |
Lagrange Personal Aid Association Lagrange, GA | $156,001 | $538,000 |
Dade County Farm Bureau Homestead, FL | $985,788 | $601,229 |