Florida Farm Bureau Federation Inc
- Assets
- $806.7k
- Revenue
- $305.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Lake City, FL
- Founding
- 07/1966
- Data as of
- 06/2024
- EIN
- 59-1082806
Organization Overview
Florida Farm Bureau Federation Inc is located in Lake City, 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 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 06/2024, Florida Farm Bureau Federation Inc generated $305.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $255.4k during the year ending 06/2024. While expenses have increased by 1.3% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
INCREASE NET INCOME OF FARMERS & RANCHERS BY WORKING FOR THE BETTERMENT OF AGRICULTURE, PROTECTION OF PERSONAL PROPERTY RIGHTS AND SERVE AS THE COLLECTIVE VOICE OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLUMBIA COUNTY FARM BUREAU CREATED A LEADERSHIP ACADEMY WHOSE PURPOSE IS TO FOSTER A RELATIONSHIP BETWEEN 4H AND FFA STUDENTS AND THE FARM BUREAU. THE PROGRAM HIGHLIGHTS LOCAL, STATE, AND NATIONAL LEVELS OF GOVERNMENT, AND WORKING RELATIONSHIPS THAT EXIST BETWEEN THE AGRICULTURAL COMMUNITIES AND OUR ELECTED OFFICIALS. THE ACADEMY ALSO FOSTERS A STRONG PRESENCE IN AGRICULTURAL ACTIVITES IN COLUMBIA COUNTY.
COLUMBIA COUNTY FARM BUREAU RECOGNIZES THE NEED TO CONTINUE TO FOSTER AND SUPPORT STUDENTS THEREFORE WE PROVIDE SCHOLARSHIPS TO GRADUATING HIGH SCHOOL STUDENTS WHO EXPRESS AN INTEREST IN MAJORING IN AN AG RELATED FIELD.
COLUMBIA COUNTY FARM BUREAU HOSTED SEVERAL EVENTS WHERE LOCAL, STATE AND FEDERAL REPRESENTATIVES WERE ABLE TO MEET WITH MEMBERS TO DISCUSS ISSUES IMPACTING AGRICULTURE. THESE EVENTS HELP MEMBERS EDUCATE ELECTED OFFICIALS HOW PROPOSED LEGISLATIONS IMPACT AGRICULTURE AND HOW THEY CAN ALL WORK TOGETHER TOWARDS THE BETTERMENT OF AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Allison Treasurer | Officer | 2 | $0 |
Randall R King Director | Trustee | 2 | $0 |
Donald B Spradley Director | Trustee | 2 | $0 |
Casey Townsend Director | Trustee | 2 | $0 |
Charlie H Crawford Director | Trustee | 2 | $0 |
Michael H Tice Vice President | Officer | 4 | $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 | $147,651 |
| Investment income | $3,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,200 |
| 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 | $1,365 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| 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 | $107,696 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $352 |
| Office expenses | $11,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,196 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,213 |
| Insurance | $7,786 |
| All other expenses | $2,435 |
| Total functional expenses | $255,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,974 |
| Savings and temporary cash investments | $350,002 |
| 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 | $3,043 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,075 |
| Investments—publicly traded securities | $240,566 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $806,660 |
| Accounts payable and accrued expenses | $2,496 |
| 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 | $2,496 |
| 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 | $804,164 |
| Total liabilities and net assets/fund balances | $806,660 |