Farm Bureau Federation Mississippi
- Assets
- $338.3k
- Revenue
- $206.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Purvis, MS
- Founding
- 03/1968
- Data as of
- 10/2024
- EIN
- 64-6037649
Organization Overview
Farm Bureau Federation Mississippi is located in Purvis, MS. The organization was established in 1968. 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 10/2024, 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 10/2024, Farm Bureau Federation Mississippi generated $206.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $189.4k during the year ending 10/2024. While expenses have increased by 4.8% 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
TO UNITE MEMBERS IN IMPROVING THE ECONOMIC/SOCIAL/EDUCATIONAL INTEREST OF FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LAMAR COUNTY FARM BUREAU STRUCTURE OF ORGANIZATIONAL LEADERSHIP PROVIDES MANY OPPORTUNITIES FOR MEMBERS TO KEEP ABREAST OF ISSUES THAT AFFECT AGRICULTURE. MEMBERS CAN PARTICIPATE IN DISTRICT, STATE AND NATIONAL ORGANIZATIONAL AND EDUCATIONAL CONFERENCES TO LEARN ABOUT CURRENT ISSUES FACING AGRICULTURE.
YOUNG FARMER PROGRAM:LAMAR COUNTY CONTINUES TO REACH OUT TO THE YOUNG FARMERS IN OUR COUNTY. THE BUREAU CURRENTLY HAS A YOUNG FARMER PROGRAM BUDGET OF $6100 PER YEAR. THESE FUNDS ARE UTILIZED TO SEND YOUNG FARMERS TO WASHINGTON D.C., THE STATE CAPITOL, YF&R CONFERENCES, AS WELL AS THE COUNTY AND DISTRICT YOUNG FARMER SOCIALS.
POLICY DEVELOPMENT:IN ORDER TO PROTECT & PROMOTE THE AGRICULTURE INDUSTRY THE LAMAR COUNTY FARM BUREAU, THROUGH ITS STRUCTURE OF VOLUNTEER LEADERS, SUPPORTS PUBLIC POLICY EFFORTS AT THE LOCAL, STATE AND NATIONAL LEVEL. THIS IS ACCOMPLISHED THROUGH LEGISLATIVE AND REGULATORY MONITORING COMMUNICATION WITH MEMBERS AND PUBLIC AWARENESS PROGRAMS. VOLUNTEER MEMBERS PARTICIPATED IN MEETINGS WITH LOCAL LEGISLATURES, AGRICULTURAL AGENCIES AND FAMERS ABOUT AGRICULTURAL POLICIES AND CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Keith President | OfficerTrustee | 3 | $0 |
Myron Munn Vice President | OfficerTrustee | 3 | $0 |
Renee Keith Director | Trustee | 1 | $0 |
Mary Claire Cornett Director | Trustee | 1 | $0 |
Bob Black Director | Trustee | 1 | $0 |
John White Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $89,620 |
| 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 | $89,620 |
| Total Program Service Revenue | $110,003 |
| Investment income | $7,199 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $206,822 |
| 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 | $96,151 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,641 |
| Payroll taxes | $7,636 |
| 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 | $96 |
| Office expenses | $9,880 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,935 |
| 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 | $30,348 |
| Depreciation, depletion, and amortization | $3,911 |
| Insurance | $6,478 |
| All other expenses | $0 |
| Total functional expenses | $189,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,974 |
| Savings and temporary cash investments | $63,875 |
| 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 | $6,000 |
| Net Land, buildings, and equipment | $199,451 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,300 |
| Accounts payable and accrued expenses | $4,425 |
| 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 | $4,425 |
| Net assets without donor restrictions | $333,875 |
| 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 | $338,300 |