Madison County Farm Bureau
- Assets
- $365.7k
- Revenue
- $169.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0817185
Organization Overview
Madison County Farm Bureau is located in Madison, 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Madison 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, Madison County Farm Bureau generated $169.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $176.4k 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
WORKING FOR THE BETTERMENT OF ALL AGRICULTURE AND TO INCREASE THE NET INCOME OF FARMERS AND RANCHERS AS WELL AS TO IMPROVE THE QUALITY OF RURAL LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PARTICIPATED IN FARM CITY WEEK,A NATIONAL EVENT TO BRING AWARENESS TO THE PUBLIC ON THE IMPORTANCE OF AGRICULTURE. LEADING UP TO THE EVENT, OUR WOMEN'S COMMITTEE VOLUNTEERS SPONSORED AN ESSAY CONTEST FOR THE LOCAL 5TH GRADE STUDENTS. STUDENTS WERE ASKED TO WRITE ABOUT 'WHY AGRICULTURE IS THE MOST IMPORTANT INDUSTRY IN OUR NATION?' THIS CONTEST ALLOWS US TO BRING AWARENESS TO YOUNG PEOPLE OF WHERE FOOD COMES FROM AND THE IMPORTANCE OF FARMERS.
MADISON COUNTY FARM BUREAU SUPPORTS YOUTH INVOLVED IN AGRICULTURAL PROGRAMS SUCH AS 4-H AND FFA. WE SPONSOR THE LIVESTOCK SHOW WHERE STUDENTS PRESENT THEIR PROJECTS. THIS EVENT HELPS STUDENTS WITH IMPORTANT SKILLS SUCH AS TEAMWORK, PRESENTATION, LEADERSHIP AND BUSINESS MANAGEMENT. IT IS IMPORTANT TO MENTOR THESE YOUTH TO BECOME AGRICULTURAL LEADERS IN OUR COMMUNITIES.
FOR SEVERAL YEARS WE HAVE PARTNERED WITH THE IFAS EXTENSION AND 4-H OFFICE AND OTHER AGENCIES TO PUT ON THE 3RD GRADE ECOLOGY DAY. STUDENTS ARE TAUGHT ABOUT PLANTS AND WHAT IS NEEDED FOR THE PLANTS TO FLOURISH. THE FLORIDA WILDLIFE COMMISSION TALKED ABOUT THEIR JOBS AND WHAT THEY DO TO HELP OUR LOCAL ENVIRONMENT. STUDENTS LEARNED ABOUT CONTROL BURNS AND WHY IT IS IMPORTANT FOR OUR FORESTS. MADISON COUNTY FARM BUREAU HELPED THE STUDENTS UNDERSTAND THE IMPORTANCE OF THE AGRICULTURAL INDUSTRY, SPECIFICALLY ALL THE CORN WE GROW IN MADISON COUNTY AND ITS USES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffery Hamrick Jr Director | Trustee | 1 | $0 |
William E Greene Secretary | Officer | 3 | $0 |
Richard Terry President | Officer | 12 | $0 |
George Wheeler Treasurer | Officer | 3 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Dale G Gibson Director | Trustee | 1 | $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 | $73,341 |
| Investment income | $3,438 |
| 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 | -$316 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,134 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $1,522 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,465 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,011 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,752 |
| Insurance | $3,018 |
| All other expenses | $11,517 |
| Total functional expenses | $176,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,186 |
| Savings and temporary cash investments | $149,809 |
| 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 | $530 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $66,080 |
| Investments—publicly traded securities | $94,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,711 |
| Total assets | $365,683 |
| Accounts payable and accrued expenses | $1,049 |
| 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 | $1,049 |
| 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 | $364,634 |
| Total liabilities and net assets/fund balances | $365,683 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison County Farm Bureau has recieved totaling $8,955.
| Awarding Organization | Amount |
|---|---|
Florida Farm Bureau Federation Gainesville, FL PURPOSE: COUNTY GRANT | $8,955 |
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 |