Hempstead County Farm Bureau 900 S Main
- Assets
- $1.0m
- Revenue
- $256.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Hope, AR
- Founding
- 08/1963
- Data as of
- 10/2023
- EIN
- 71-0337189
Organization Overview
Hempstead County Farm Bureau 900 S Main is located in Hope, 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 10/2023, Hempstead County Farm Bureau 900 S Main employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hempstead County Farm Bureau 900 S Main 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, Hempstead County Farm Bureau 900 S Main generated $256.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $178.0k during the year ending 10/2023. While expenses have increased by 11.8% per year over the past 4 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
2023
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 |
|---|---|---|---|
Mark Lloyd President | OfficerTrustee | 0.5 | $0 |
Don Honea Vice President | OfficerTrustee | 0.5 | $0 |
Randy Hare Treasurer | OfficerTrustee | 0.5 | $0 |
Russell Womack Secretary | OfficerTrustee | 0.5 | $0 |
Caleb Plyler Member | Trustee | 0.5 | $0 |
Clay Antley Member | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,573 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $899 |
| Net Rental Income | $3,300 |
| Net Gain/Loss on Asset Sales | $113,322 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $955 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $64,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,123 |
| 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 | $8,856 |
| Office expenses | $14,452 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,971 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,822 |
| Interest | $22,437 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,975 |
| Insurance | $701 |
| All other expenses | $826 |
| Total functional expenses | $177,950 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,426 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109 |
| 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 | $943,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25 |
| Total assets | $1,044,271 |
| Accounts payable and accrued expenses | $3,351 |
| Grants payable | $0 |
| Deferred revenue | $9,636 |
| 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 | $636,232 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $649,219 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $395,052 |
| Total liabilities and net assets/fund balances | $1,044,271 |