Florida Farm Bureau Federation Inc
- Assets
- $356.7k
- Revenue
- $311.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Brooksville, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0900903
Organization Overview
Florida Farm Bureau Federation Inc is located in Brooksville, 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 4 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 $311.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $295.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PROTECT AND REPRESENT EDUCATIONAL, SOCIAL AND BUSINESS INTEREST OF FARMERS OF THE TWO COUNTY AREA AND TO ENHANCE THE FUTURE OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE SUPPORT OUR 4-H AND FFA STUDENTS THROUGHOUT THE YEAR. WE PROVIDE SCHOLARSHIPS TO HIGH SCHOOL SENIORS AND ASSIST STUDENTS SHOWING AND SELLING THEIR PROJECTS AT THE FAIR. WE ALSO SUPPORT THE 4-H LIVESTOCK JUDGING TEAM WHICH EXPOSES STUDENTS TO AGRICULTURE AND THE LIVESTOCK INDUSTRY. THE PROGRAM ENABLES YOUTH TO DEVELOP DECISION-MAKING, EVALUATING, AND COMMUNICATION SKILLS FOR THE APPROPRIATE SELECTION OF THE LIVESTOCK SPECIES: BEEF CATTLE, AND SWINE.
WE PARTICIPATED IN AG LITERACY WEEK. THE PURPOSE OF THIS EVENT IS TO HIGHLIGHT AGRICULTURE EDUCATION. VOLUNTEERS READ AN AGE APPROPRIATE AGRICULTURAL THEME BOOK TO STUDENTS TO INCREASE THEIR KNOWLEDGE OF AGRICULTURE. STUDENTS AND TEACHER MAY ALSO RECEIVE HANDS-ON LESSONS WHICH HELP REINFORCE WHAT THEY LEARNED ABOUT A SPECIFIC COMMODITY.
HERNANDO-CITRUS COUNTY FARM BUREAU PROVIDED MINI-GRANTS TO TEACHERS TO ASSIST WITH THEIR AGRICULTURAL PROGRAM. TEACHERS SUBMIT AN APPLICATION EXPLAINING HOW THEY WILL INCORPORATE AGRICULTURE INTO THEIR CURRICULUM. THESE GRANTS HELP BRING AWARENESS AND UNDERSTANDING OF AGRICULTURE AMOUNG STUDENTS AND TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reid Sellers Director | Trustee | 0.5 | $0 |
Joan Casey Director | Trustee | 0.5 | $0 |
Blake Hunnicutt Director | Trustee | 0.5 | $0 |
William R Sellers Secretary/treasurer | Officer | 1 | $0 |
Sam Sikes Director | Trustee | 0.5 | $0 |
John L Thomas President | Officer | 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 | $150,800 |
| Investment income | $1,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,650 |
| 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 | $2,551 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,095 |
| 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 | $150,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,745 |
| 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 | $190 |
| Office expenses | $7,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,291 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,740 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,401 |
| Insurance | $4,070 |
| All other expenses | $238 |
| Total functional expenses | $295,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,873 |
| Savings and temporary cash investments | $192,969 |
| 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 | $4,323 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $143,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,324 |
| Total assets | $356,729 |
| Accounts payable and accrued expenses | $3,825 |
| 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 | $3,825 |
| 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 | $352,904 |
| Total liabilities and net assets/fund balances | $356,729 |