Madison County Farmers Federation
- Assets
- $1.5m
- Revenue
- $235.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New Market, AL
- Founding
- 11/1964
- Data as of
- 06/2024
- EIN
- 63-0359440
Organization Overview
Madison County Farmers Federation is located in New Market, AL. The organization was established in 1964. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison County Farmers Federation 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, Madison County Farmers Federation generated $235.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $135.9k during the year ending 06/2024. While expenses have increased by 1.7% per year over the past 9 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
LOCAL CHAPTER OF FARMER'S FEDERATION EXISTS TO PROMOTE AGRICULTURE AND AGRICULTURAL EDUCATION. ORGANIZATION ALSO SUPPORTS LOCAL FARMERS THROUGH EDUCATION PROGRAMS AND MEETINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, CONFERENCES AND CONVENTIONS FOR EDUCATION AND UPDATES ON LATEST FARMING TECHNIQUES AND PRACTICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rex Vaughn Director | Trustee | 1 | $0 |
Mike Moore Director | Trustee | 1 | $0 |
Donald Hodge Treasurer | Officer | 3 | $0 |
Charles Butler President | Officer | 3 | $0 |
Don Patterson Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $222,761 |
| 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 | $222,761 |
| Total Program Service Revenue | $0 |
| Investment income | $20,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $234,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $19,716 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,608 |
| Fees for services: Other | $15,000 |
| Advertising and promotion | $750 |
| Office expenses | $20,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $275 |
| All other expenses | $1,712 |
| Total functional expenses | $135,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,821 |
| Savings and temporary cash investments | $556,823 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $443,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,479,081 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,479,081 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,479,081 |
Grants Awarded
Over the last fiscal year, Madison County Farmers Federation has awarded $23,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: TO SUPPORT THE UNIVERSITY IN AGRICULTURAL EDUCATION THROUGH SCHOLARSHIP | $7,500 |
HAZEL GREEN HIGH SCHOOL PURPOSE: TO SUPPORT THE LOCAL HIGH SCHOOL | $6,000 |
ALABAMA FARMERS PURPOSE: TO SUPPORT THE SCHOLARSHIP FOUNDATION | $9,500 |