Florida Farm Bureau Federation Inc
- Assets
- $421.9k
- Revenue
- $412.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Live Oak, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0856187
Organization Overview
Florida Farm Bureau Federation Inc is located in Live Oak, 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 5 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 $412.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $313.0k during the year ending 06/2023. While expenses have increased by 5.8% 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
TO REPRESENT SUWANNEE COUNTY AGRICULTURE AND WORK FOR THE BETTERMENT OF THE AGRICULTURE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCFB PARTNERED WITH UF/IFAS RESEARCH CENTER FOR COMMUNITY DAY. THIS PROGRAM'S PURPOSE WAS TO EDUCATE THE NON FARMING COMMUNITY ON THE IMPORTANCE OF AGRICULTURE IN SUWANNEE COUNTY. APPROXIMATELY 300 TO 400 PARTICIPANTS HAD THE OPPORTUNITY TO LEARN ABOUT A VARIETY OF PLANTS FROM BLUEBERRIES TO CHESTNUTS AND CITRUS, VISIT A PROGRESSIVE GREENHOUSE AND LEARN ABOUT WATER AND FERTILIZER MANAGEMENT.
APPROXIMATELY 375 STUDENTS ATTENDED YOUTH AG DAY IN BRANFORD. THE PURPOSE OF THIS EVENT IS TO EXPAND OUR LOCAL YOUTH'S AWARENESS AND UNDERSTANDING OF FLORIDA AGRICULTURE AND NATURAL RESOURCES. STUDENTS FROM PRE K THROUGH THIRD GRADE WERE EXPOSED TO FLORIDA'S AGRICULTURE AND TAUGHT ABOUT ITS IMPACT TO OUR EVERYDAY LIFE AS THEY ROTATED THROUGH DIFFERENT BOOTHS.
FARM CITY WEEK IS A NATIONAL EVENT THAT BRINGS TOGETHER THE URBAN AND AG COMMUNITY TO FORGE A BOND BETWEEN CITY AND AGRICULTURE THROUGH EDUCATION. SUWANNEE COUNTY FARM BUREAU HELD AN ESSAY CONTEST THAT IS DESIGNED TO PROMOTE THE VALUE OF AGRICULTURE IN THE COMMUNITY. AGRICULTURE IS CONSTANTLY MISUNDERSTOOD AND IMPROVEMENTS CAN BE MADE BY UNDERSTANDING ISSUES. STUDENTS WERE ASKED TO WRITE AN ESSAY ON WHY IS AGRICULTURE IMPORTANT TO OUR COMMUNITY, STATE, AND NATION? THE CONTEST GIVES STUDENTS AN OPPORTUNITY TO RESEARCH AGRICULTURE THE ISSUES FACED BY FARMERS AND RANCHERS. THEY LEARN TO APPRECIATE WHERE THEIR FOOD COMES FROM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter K Brown Jr Director | Trustee | 2 | $0 |
Ray Hodge Secretary | Officer | 2 | $0 |
Sidney Lord Director | Trustee | 2 | $0 |
John D Carter II Director | Trustee | 2 | $0 |
Thomas R Dasher Director | Trustee | 2 | $0 |
William T Carte President | Officer | 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 | $190,644 |
| Investment income | $1,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,000 |
| Net Gain/Loss on Asset Sales | -$2,226 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,777 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $412,907 |
| 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 | $148,207 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,543 |
| 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 | $4,005 |
| Office expenses | $10,580 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,557 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,324 |
| Insurance | $1,863 |
| All other expenses | $2,229 |
| Total functional expenses | $313,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,350 |
| Savings and temporary cash investments | $171,903 |
| 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 | $1,983 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $100,630 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$1,942 |
| Total assets | $421,924 |
| Accounts payable and accrued expenses | $816 |
| 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 | $816 |
| 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 | $421,108 |
| Total liabilities and net assets/fund balances | $421,924 |