Farm Bureau Federation Mississippi
- Assets
- $496.5k
- Revenue
- $367.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Brookhaven, MS
- Founding
- 03/1960
- Data as of
- 10/2022
- EIN
- 64-0367549
Organization Overview
Farm Bureau Federation Mississippi is located in Brookhaven, MS. The organization was established in 1960. 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 10/2022, Farm Bureau Federation Mississippi employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Farm Bureau Federation Mississippi is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Farm Bureau Federation Mississippi generated $367.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $373.9k during the year ending 10/2022. While expenses have increased by 1.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO UNITE THOSE PEOPLE WITH A COMMON INTEREST IN DEVELOPING/IMPROVING THE INTEREST OF THE FARMER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS:LINCOLN COUNTY FARM BUREAU BOARD OF DIRECTORS AWARDED $4,000 IN SCHOLARSHIPS IN 2021. APPLICANTS ARE REQUIRED TO LIVE IN LINCOLN COUNTY AND THEIR FAMILIES BE A MEMBER OF LINCOLN COUNTY FARM BUREAU. PREFERENCE IS GIVEN TO STUDENTS MAJORING IN AN AGRICULTURE OR FORESTRY RELATED FIELD, ALTHOUGH ALL INTERESTED STUDENTS ARE ENCOURAGED TO APPLY. LINCOLN COUNTY FARM BUREAU FEDERATION HAS ESTABLISHED THESE SCHOLARSHIPS AS PART OF THEIR CONTINUING ENDEAVOR TO PROMOTE EDUCATION AND ASSIST WORTHY COLLEGE BOUND STUDENTS DEMONSTRATING FINANCIAL NEED.
COMMODITY MEETINGS:LINCOLN COUNTY FARM BUREAU ENCOURAGES VOLUNTEER MEMBERS TO ATTEND LEADERSHIP, COMMODITY, CONVENTIONS AND LEGISLATIVE CONFERENCES THAT HELP EDUCATE AND PROMOTE THE ORGANIZATION'S MISSION. AT THESE MEETING VOLUNTEERS DISCUSS ISSUES THAT HAVE AN IMPACT ON THE AGRICULTURAL INDUSTRY.
IN ORDER TO PROTECT AND PROMOTE THE AGRICULTURE INDUSTRY THE LINCOLN COUNTY FARM BUREAU THROUGH ITS STRUCTURE OF VOLUNTEER LEADERS SUPPORT PUBLIC POLICY EFFORTS AT THE LOCAL STATE AND NATIONAL LEVEL. THIS IS ACCOMPLISHED THROUGH BOTH LEGISLATIVE AND REGULATORY MONITORING COMMUNICATIONS WITH MEMBERS AND PUBLIC AWARENESS PROGRAMS ABOUT FARMING. VOLUNTEER MEMBERS PARTICIPATE IN THE SPONSORSHIP OF POLICY MEETINGS WITH THEIR LEGISLATORS TO EDUCATE THEM ABOUT AGRICULTURE ISSUES AND CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Sasser Vice President | OfficerTrustee | 3 | $0 |
Robert Mcgehee Jr President | OfficerTrustee | 4 | $0 |
Brett Smith Director | Trustee | 2 | $0 |
Anna Michael Smith Director | Trustee | 2 | $0 |
David Calcote Director | Trustee | 2 | $0 |
Debby Bardwell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $143,157 |
| 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 | $143,157 |
| Total Program Service Revenue | $0 |
| Investment income | $1,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $900 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,800 |
| 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 | $141,674 |
| Pension plan accruals and contributions | $4,077 |
| Other employee benefits | $0 |
| Payroll taxes | $9,546 |
| 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 | $19,183 |
| Office expenses | $24,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,888 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $63,612 |
| Depreciation, depletion, and amortization | $18,395 |
| Insurance | $3,961 |
| All other expenses | $0 |
| Total functional expenses | $373,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,558 |
| Savings and temporary cash investments | $227,367 |
| 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 | $17,500 |
| Net Land, buildings, and equipment | $107,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $496,523 |
| Accounts payable and accrued expenses | $2,480 |
| 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 | $2,480 |
| Net assets without donor restrictions | $494,043 |
| 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 | $496,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Crop Improvement Association Inc Headland, AL | $6,364,411 | $3,074,944 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |
Rutherford County Farm Bureau Murfreesboro, TN | $819,491 | $805,370 |
Davidson County Farm Bureau Nashville, TN | $1,712,870 | $862,870 |
Blount County Farm Bureau Maryville, TN | $1,254,814 | $713,407 |
Shelby County Farm Bureau Memphis, TN | $643,471 | $678,632 |
Sullivan Farm Bureau Blountville, TN | $1,250,644 | $605,855 |
Williamson Farm Bureau Franklin, TN | $1,863,310 | $641,408 |
Hamilton County Farm Bureau Ooltewah, TN | $901,182 | $553,888 |
Washington County Farm Bureau Jonesborough, TN | $714,351 | $532,276 |
Maury County Farm Bureau Columbia, TN | $1,698,159 | $604,224 |