Poinsett County Farm Bureau
- Assets
- $656.7k
- Revenue
- $264.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Harrisburg, AR
- Founding
- 09/1963
- Data as of
- 10/2020
- EIN
- 71-0271690
Organization Overview
Poinsett County Farm Bureau is located in Harrisburg, AR. The organization was established in 1963. 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 10/2020, Poinsett County Farm Bureau employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poinsett 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 10/2020, Poinsett County Farm Bureau generated $264.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $217.9k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL PROMOTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTY FARM BUREAU WORK IS GENERAL IN NATURE, HELPING FARM FAMILIES ACHIEVE EDUCATIONAL IMPROVEMENTS, ECONOMIC OPPORTUNITY, AND SOCIAL ADVANCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Doyle President | OfficerTrustee | 0.5 | $0 |
Scott Matthews Vice President | OfficerTrustee | 0.5 | $0 |
Clay Hubbard Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Joe Rennicke Member | Trustee | 0.5 | $0 |
Wade Drace Member | Trustee | 0.5 | $0 |
Will Drace Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,497 |
| 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 | $264,147 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $136,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,138 |
| Office expenses | $19,663 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,295 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,906 |
| Interest | $4,278 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,026 |
| Insurance | $2,355 |
| All other expenses | $0 |
| Total functional expenses | $217,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,259 |
| Savings and temporary cash investments | $342,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $656,721 |
| Accounts payable and accrued expenses | $2,431 |
| Grants payable | $0 |
| Deferred revenue | $23,214 |
| 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 | $180,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $206,521 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $450,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Ranch Master Association Inc Irving, TX | $4,102,300 | $4,014,751 |
Working Ranch Cowboys Association Amarillo, TX | $707,595 | $1,446,145 |
Collin County Farm Bureau Mckinney, TX | $1,723,250 | $1,357,234 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Mclennan County Farm Bureau Waco, TX | $1,381,332 | $1,051,354 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Texas Pecan Growers Association Bryan, TX | $1,127,753 | $974,234 |
Fort Bend County Farm Bureau Rosenberg, TX | $841,412 | $932,063 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |
Rutherford County Farm Bureau Murfreesboro, TN | $819,491 | $805,370 |
Jefferson County Farm Bureau Beaumont, TX | $1,487,486 | $1,150,540 |