Fayette County Farm Bureau
- Assets
- $227.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Somerville, TN
- Founding
- 05/1946
- Data as of
- 12/2022
- EIN
- 62-0550676
Organization Overview
Fayette County Farm Bureau is located in Somerville, TN. The organization was established in 1946. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayette County Farm Bureau is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Fayette County Farm Bureau generated $171.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $164.6k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IDENITY THEFT BENEFITS, PROPERTY PROTECTION SERVICE ANDOTHER PROGRAMS DESIGNED TO IMPROVE THE QUALITY OF FARM LIFE IN GENERAL SERVING 4,526 FARM FAMILY MEMBERS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mitchell President | 2 | $0 | |
Harris Armour IV Vice President | 1.5 | $0 | |
Edward Karcher Secretary/treasurer | 2 | $0 | |
Charles Dacus Director | 1 | $0 | |
Willie German Director | 1 | $0 | |
Thomas Graves Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $146,378 |
| Investment income | $231 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,732 |
| Other Revenue | $23,188 |
| Total Revenue | $171,529 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,376 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $25,985 |
| Occupancy, rent, utilities, and maintenance | $31,732 |
| Printing, publications, postage, and shipping | $30 |
| Other expenses | $105,471 |
| Total expenses | $164,594 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,328 |
| Other assets | $0 |
| Total assets | $227,744 |
| Total liabilities | $0 |
| Net assets or fund balances | $227,744 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
Lagrange Academy Incorporated Lagrange, GA | $3,990,523 | $3,388,962 |
Alabama Crop Improvement Association Inc Headland, AL | $6,364,411 | $3,074,944 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Carolina Farm Stewardship Association Pittsboro, NC | $1,471,333 | $921,560 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Georgia Crop Improvement Association Inc Athens, GA | $2,567,153 | $1,565,826 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
North Carolina Farmworkers Project Inc Benson, NC | $510,721 | $1,216,468 |
Forest Farmers Association Inc Carrollton, GA | $208,453 | $1,112,650 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |