Florida Farm Bureau Federation Inc
- Assets
- $444.0k
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Belle Glade, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-0865201
Organization Overview
Florida Farm Bureau Federation Inc is located in Belle Glade, 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, Florida Farm Bureau Federation Inc employed 3 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 06/2022, Florida Farm Bureau Federation Inc generated $235.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $205.8k 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
TO PROMOTE, PROTECT AND REPRESENT THE EDUCATIONAL, SOCIAL AND BUSINESS INTERESTS OF THE FARMERS OF THE COUNTY AND TO ENHANCE THE FUTURE OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTERN PALM BEACH COUNTY FARM BUREAU SPONSORS A SWEET CORN FIESTA. IT IS A CELEBRATION OF THE GROWING SEASON AND A TRIBUTE TO THOSE WHO MAKE IT HAPPEN. IT HELPS US PROMOTE OUR LARGEST SINGLE PRODUCT, SWEET CORN. YOUTH ARE EDUCATED ON THE IMPORTANCE THAT OUR COUNTY AND STATE AGRICULTURE HAS ON OUR COMMUNITY.
AT THE SOUTH FLORIDA FAIR WESTERN PALM BEACH COUNTY FARM BUREAU CONDUCTS TOURS FOR STUDENTS. THE SOUTH FLORIDA FAIR SERVES ALMOST THREE QUARTERS OF A MILLION PATRONS EACH YEAR. WE SHOWCASE AGRICULTURE WITH EDUCATIONAL HANDS ON DISPLAYS AND EXHIBITS. FRESH PRODUCE IS SOLD AT THE FARMER'S MARKET AND A PORTION OF THE PROCEEDS ARE USED FOR OUR YOUTH SCHOLARSHIP PROGRAM.
PALM BEACH COUNTY IS SOMETIMES REFERRED TO AS THE WINTER VEGETABLE CAPITAL OF THE UNITED STATES. COMMODITIES GROWN IN THE COUNTY INCLUDE SUGAR CANE, SWEET CORN, BELL PEPPERS, CUCUMBERS, EGGPLANT, CHINESE VEGETABLES. WE USE FARM TOURS AS AN OPPORTUNITY TO SHOWCASE THE DIVERSE AGRICULTURAL ENVIRONMENT; ECONOMIC IMPACT AGRICULTURE HAS IN PALM BEACH COUNTY AND ALLOWS COMMUNITY MEMBERS TO CONNECT WITH LOCAL FARMERS. WE TRY TO EDUCATE ATTENDEES ON THE IMPORTANCE OF SUPPORTING LOCALLY GROWN FOOD AND DISPEL ANY MISNOMERS ABOUT FARMING OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Allen Director | Trustee | 1 | $0 |
Kimberly Erickson Director | Trustee | 1 | $0 |
John Mckinstry 2nd VP | Officer | 2 | $0 |
Raymond R Roth Jr Director | Trustee | 1 | $0 |
Judy C Sanchez Director | Trustee | 1 | $0 |
Keith Wedgworth President | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,183 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $76,917 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,029 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $78,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $317 |
| Office expenses | $3,723 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,941 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,790 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,114 |
| Insurance | $5,784 |
| All other expenses | $0 |
| Total functional expenses | $205,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,515 |
| Savings and temporary cash investments | $50,153 |
| 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 | $348 |
| Prepaid expenses and deferred charges | $4,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,393 |
| Total assets | $444,004 |
| Accounts payable and accrued expenses | $2,480 |
| 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 | $161,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,278 |
| Total liabilities | $169,769 |
| 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 |
| Total liabilities and net assets/fund balances | $274,235 |