Suwannee County Farm Bureau
- Assets
- $324.4k
- Revenue
- $348.2k
- Investments
- $0.0
- Employees
- 4
- Location
- Live Oak, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0856187
Organization Overview
Suwannee County Farm Bureau 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 06/2022, Suwannee County Farm Bureau employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Suwannee 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, Suwannee County Farm Bureau generated $348.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $322.1k during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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
2022
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
THIS YEAR, 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. 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.
AROUND FOUR HUNDRED KIDS 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 SECOND GRADE ARE EXPOSED TO FLORIDAS AGRICULTURE AND TAUGHT ABOUT ITS IMPACT TO OUR EVERYDAY LIFE AS THEY ROTATED THROUGH 21 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 AND 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 | 3 | $0 |
Thomas R Dasher President | Officer | 2 | $0 |
Virgil S Hingson Treasurer | Officer | 2 | $0 |
William T Carte Vice President | Officer | 1 | $0 |
Sidney Lord Jr Director | Trustee | 2 | $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 | $159,805 |
| Investment income | $551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,575 |
| 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 | $1,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,215 |
| 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 | $145,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,648 |
| 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 | $0 |
| Office expenses | $13,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,556 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,588 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,361 |
| Insurance | $4,706 |
| All other expenses | $5,533 |
| Total functional expenses | $322,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,405 |
| Savings and temporary cash investments | $173,845 |
| 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 | $1,730 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$7,467 |
| Total assets | $324,443 |
| Accounts payable and accrued expenses | $3,225 |
| 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 | $0 |
| Total liabilities | $3,225 |
| 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 | $321,218 |
| Total liabilities and net assets/fund balances | $324,443 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Suwannee County Farm Bureau has recieved totaling $12,726.
| Awarding Organization | Amount |
|---|---|
Florida Farm Bureau Federation Gainesville, FL PURPOSE: COUNTY GRANT | $12,726 |
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 |