Arkansas Farm Bureau Federation
- Assets
- $67.7m
- Revenue
- $16.3m
- Investments
- $8.2m
- Employees
- 65
- Location
- Little Rock, AR
- Founding
- 11/1939
- Data as of
- 10/2023
- EIN
- 71-0242776
Organization Overview
Arkansas Farm Bureau Federation is located in Little Rock, AR. The organization was established in 1939. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2023, Arkansas Farm Bureau Federation employed 65 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Arkansas Farm Bureau 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 10/2023, Arkansas Farm Bureau Federation generated $16.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $12.7m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Arkansas Farm Bureau Federation has awarded 41 individual grants totaling $1,596,376. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FARM BUREAU IS AN INDEPENDENT, VOLUNTARY ORGANIZATION OF FARM AND RANCH FAMILIES UNITED FOR THE PURPOSE OF ANALYZING THEIR PROBLEMS AND FORMULATING ACTION TO ACHIEVE EDUCATIONAL IMPROVEMENT, ECONOMIC OPPORTUNITY, SOCIAL ADVANCEMENT AND PROMOTE THE NATIONAL WELL-BEING. FARM BUREAU IS NONPARTISON, NONSECTARIAN, NONGOVERNMENTAL AND NONSECRET IN CHARACTER. FARM BUREAU STRIVES TO BE THE VOICE OF AGRICULTURAL PRODUCERS AT ALL LEVELS.THE MISSION OF FARM BUREAU IS TO:1. ADVOCATE THE INTERESTS OF AGRICULTURE IN THE PUBLIC ARENA;2. DISSEMINATE INFORMATION CONCERNING THE VALUE AND IMPORTANCE OF AGRICULTURE; AND3. PROVIDE PRODUCTS AND SERVICES WHICH IMPROVE THE QUALITY OF LIVES OF OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAME AS MISSION STATED ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Hillman President | OfficerTrustee | 25 | $54,500 |
Mike Freeze Vice President | OfficerTrustee | 20 | $19,500 |
Dan Wright Secretary/treasurer | OfficerTrustee | 10 | $24,850 |
Jon Carroll Director | Trustee | 5 | $12,850 |
Joe Christian Director | Trustee | 5 | $11,600 |
Terry Dabbs Director | Trustee | 5 | $17,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,624 |
| Total Program Service Revenue | $3,024,336 |
| Investment income | $3,425,472 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,595,309 |
| Net Rental Income | $15,350 |
| Net Gain/Loss on Asset Sales | $647,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,295,449 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $436,946 |
| 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. | $2,346,596 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,879,798 |
| Pension plan accruals and contributions | -$646,644 |
| Other employee benefits | $418,706 |
| Payroll taxes | $363,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,611 |
| Fees for services: Accounting | $132,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $110,318 |
| Fees for services: Other | $22,352 |
| Advertising and promotion | $1,050,055 |
| Office expenses | $441,621 |
| Information technology | $318,787 |
| Royalties | $0 |
| Occupancy | $599,220 |
| Travel | $590,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $988,494 |
| Interest | $19,598 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,218,851 |
| Insurance | $347,092 |
| All other expenses | $47,181 |
| Total functional expenses | $12,678,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,100 |
| Savings and temporary cash investments | $7,724,684 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,086,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,160,775 |
| Inventories for sale or use | $28,829 |
| Prepaid expenses and deferred charges | $356,862 |
| Net Land, buildings, and equipment | $3,214,746 |
| Investments—publicly traded securities | $44,103,734 |
| Investments—other securities | $8,190,165 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $799,090 |
| Total assets | $67,671,791 |
| Accounts payable and accrued expenses | $1,001,966 |
| Grants payable | $0 |
| Deferred revenue | $2,131,920 |
| 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 | $6,483,331 |
| Total liabilities | $9,617,217 |
| Net assets without donor restrictions | $57,521,221 |
| Net assets with donor restrictions | $533,353 |
| 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 | $67,671,791 |
Grants Awarded
Over the last fiscal year, Arkansas Farm Bureau Federation has awarded $424,987 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS YOUTH EXPO PURPOSE: OPERATING SUPPORT | $10,000 |
ARKANSAS FARM BUREAU FOUNDATION PURPOSE: OPERATING SUPPORT | $384,637 |
US CAPITOL HISTORICAL SOCIETY PURPOSE: HON. STEVE WOMACK PORTRAIT FUND | $7,500 |
ARKANSAS LIVESTOCK SHOW ASSOC PURPOSE: JUNIOR LIVESTOCK AUCTION | $22,850 |