Florida Farm Bureau Federation Inc
- Assets
- $357.7k
- Revenue
- $272.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Vero Beach, FL
- Founding
- 07/1966
- Data as of
- 06/2024
- EIN
- 59-0931515
Organization Overview
Florida Farm Bureau Federation Inc is located in Vero Beach, 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 06/2024, 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 06/2024, Florida Farm Bureau Federation Inc generated $272.0k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $221.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PROTECT AND REPRESENT THE EDUCATIONAL, SOCIAL AND BUSINESS INTEREST OF FARMERS OF THE COUNTY AND TO ENHANCE THE FUTURE OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IS BECOMING AN ISSUE FOR YOUTH, ESPECIALLY WHEN THEY ARE EXPANDING THEIR EDUCATION. IN AN EFFORT TO PROVIDE FOR THE FUTURE OF AGRICULTURE, WE FUNDED SCHOLARSHIPS TO DESERVING AND TALENTED YOUNG STUDENTS TO SUPPORT AGRICULTURE'S FUTURE IN INDIAN RIVER COUNTY.
WE HOLD THE DISTRICT SPEECH CONTEST AT OUR OFFICE. THE PURPOSE OF THE CONTEST IS TO PROMOTE STRONGER INTEREST AND CLEARER UNDERSTANDING OF THE MANY ASPECTS OF AGRICULTURE AND TO PROVIDE OPPORTUNITIES FOR OUR YOUTH TO GAIN KNOWLEDGE, APPRECIATION, AND UNDERSTANDING OF AGRICULTURE, AND HELP TO PROMOTE AGRICULTURE'S MANY VALUES AND VIRTUES.
INDIAN RIVER COUNTY FARM BUREAU ACTIVELY SUPPORTS 4-H. 4-H IS DELIVERED BY COOPERATIVE EXTENSION - A COMMUNITY OF MORE THAN 100 PUBLIC UNIVERSITIES ACROSS THE NATION THAT PROVIDES EXPERIENCES WHERE YOUNG PEOPLE LEARN BY DOING. KIDS COMPLETE HANDS ON PROJECTS IN AREAS LIKE HEALTH, SCIENCE, AGRICULTURE AND CITIZENSHIP, IN A POSITIVE ENVIRONMENT WHERE THEY RECEIVE GUIDENCE FROM ADULT MENTORS AND ARE ENCOURAGED TO TAKE A PROACTIVE LEADERSHIP ROLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bott Treasurer | Officer | 1 | $0 |
Michael Sexton Vice President | Officer | 1 | $0 |
Robert Tripson Director | Trustee | 0.5 | $0 |
Charles Hurst President | Officer | 1 | $0 |
Ben Backus Director | Trustee | 0.5 | $0 |
Elizabeth Fojtik Secretary | 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 | $104,531 |
| Investment income | $9,666 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,195 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$18 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $271,972 |
| 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 | $103,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,931 |
| Payroll taxes | $8,041 |
| 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 | $96 |
| Office expenses | $6,001 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141 |
| Insurance | $1,726 |
| All other expenses | $408 |
| Total functional expenses | $221,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,703 |
| Savings and temporary cash investments | $229,024 |
| 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 | $187 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $357,721 |
| Accounts payable and accrued expenses | $2,171 |
| 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 | $2,171 |
| 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 | $355,550 |
| Total liabilities and net assets/fund balances | $357,721 |