Florida Farm Bureau Federation Inc
- Assets
- $537.9k
- Revenue
- $390.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Okeechobee, FL
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 59-1102390
Organization Overview
Florida Farm Bureau Federation Inc is located in Okeechobee, 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 $390.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $183.6k during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 4 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
WORKING FOR THE BETTERMENT OF ALL AGRICULTURE AND TO INCREASE THE NET INCOME OF FARMERS AND RANCHERS AS WELL AS TO IMPROVE THE QUALITY OF RURAL LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OKEECHOBEE COUNTY FARM BUREAU SUPPORTED YOUTH EDUCATION BY HOSTING A SPEECH CONTEST FOR MIDDLE AND HIGH SCHOOL STUDENTS. PARTICIPANTS WERE ASKED TO RESEARCH AND GIVE A SPEECH ON A TOPIC CURRENTLY IMPACTING AGRICULTURE. THE TOPICS CAN RANGE FROM TECHNOLOGICAL ADVANCES TO SOLUTIONS TO PROBLEMS CURRENTLY FACING THE AGRICULTURAL INDUSTRY. OUR GOAL IS TO CONTINUE TO HELP SERVICE THE NEXT GENERATION OF FARMERS AND RANCHERS WORKING FOR THE BETTERMENT OF AGRICULTURE IN FLORIDA.
OKEECHOBEE COUNTY FARM BUREAU SUPPORTED YOUTH EDUCATION BY HOSTING A SPEECH CONTEST FOR MIDDLE AND HIGH SCHOOL STUDENTS. PARTICIPANTS WERE ASKED TO RESEARCH AND GIVE A SPEECH ON A TOPIC CURRENTLY IMPACTING AGRICULTURE. THE TOPICS CAN RANGE FROM TECHNOLOGICAL ADVANCES TO SOLUTIONS TO PROBLEMS CURRENTLY FACING THE AGRICULTURAL INDUSTRY. OUR GOAL IS TO CONTINUE TO HELP SERVICE THE NEXT GENERATION OF FARMERS AND RANCHERS WORKING FOR THE BETTERMENT OF AGRICULTURE IN FLORIDA.
OKEECHOBEE COUNTY FARM BUREAU PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS TO LEARN ABOUT THE IMPORTANCE OF AGRICULTRE IN OUR COMMUNITY. WE PROVIDE HIGH SCHOOL SENIORS WHO MAJOR IN AN AGRICULTURE RELATED PROGRAM WITH SCHOLARSHIPS.
OKEECHOBEE COUNTY FARM BUREAU PROVIDES EDUCATIONAL OPPORTUNITIES FOR STUDENTS TO LEARN ABOUT THE IMPORTANCE OF AGRICULTRE IN OUR COMMUNITY. WE PROVIDE HIGH SCHOOL SENIORS WHO MAJOR IN AN AGRICULTURE RELATED PROGRAM WITH SCHOLARSHIPS.
FARM CITY WEEK IS A CELEBRATED THE WEEK BEFORE THANKSGIVING. DURING THE VARIOUS EVENTS THROUGHOUT THE WEEK THE PARTNERSHIP BETWEEN FARMERS AND THEIR COMMUNITIES IS SPOTLIGHTED. FRESH FROM FLORIDA AND LOCALLY GROWN FOODS ARE A MAJOR FOCUS OF THE EVENTS WHERE CONSUMERS GET TO INTERACT WITH FARMERS IN THEIR COMMUNITIES.
FARM CITY WEEK IS A CELEBRATED THE WEEK BEFORE THANKSGIVING. DURING THE VARIOUS EVENTS THROUGHOUT THE WEEK THE PARTNERSHIP BETWEEN FARMERS AND THEIR COMMUNITIES IS SPOTLIGHTED. FRESH FROM FLORIDA AND LOCALLY GROWN FOODS ARE A MAJOR FOCUS OF THE EVENTS WHERE CONSUMERS GET TO INTERACT WITH FARMERS IN THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Larson Director | Trustee | 1 | $0 |
David E Hazellief Secretary | Trustee | 1 | $0 |
Michael Bandi President | Officer | 3 | $0 |
Ben Butler Vice President | Officer | 3 | $0 |
Morgan Lott Treasurer | Officer | 1 | $0 |
William Butler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,230 |
| Investment income | $312 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,215 |
| Net Gain/Loss on Asset Sales | $177,660 |
| Net Income from Fundraising Events | $6,585 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $43 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $389,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $4,500 |
| 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 | $70,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,574 |
| 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 | $6,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,291 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,917 |
| Interest | $9,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,413 |
| Insurance | $2,454 |
| All other expenses | $0 |
| Total functional expenses | $183,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,083 |
| Savings and temporary cash investments | $64,628 |
| 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 | $1,466 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $537,934 |
| Accounts payable and accrued expenses | $1,492 |
| 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 | $128,742 |
| Total liabilities | $130,234 |
| 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 | $407,700 |