Oklahoma Farm Bureau
- Assets
- $8.6m
- Revenue
- $5.7m
- Investments
- $3.8m
- Employees
- 25
- Location
- Oklahoma City, OK
- Founding
- 05/1960
- Data as of
- 10/2023
- EIN
- 73-0382001
Organization Overview
Oklahoma Farm Bureau is located in Oklahoma City, OK. The organization was established in 1960. 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, Oklahoma Farm Bureau employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Oklahoma 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 10/2023, Oklahoma Farm Bureau generated $5.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $5.6m during the year ending 10/2023. While expenses have increased by 9.5% per year over the past 6 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.
Since 2021, Oklahoma Farm Bureau has awarded 15 individual grants totaling $554,125. 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
SUPPORTING THE AGRICULTURE COMMUNITY TO IMPROVE THE LIVES OF OKLAHOMANS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONSPRODUCES A QUARTERLY MAGAZINE, OKLAHOMA COUNTRY AND A BIWEEKLY PUBLICATION, PERSPECTIVE. STAFF WRITES ARTICLES AND TAKES PICTURES OF VARIOUS MEMBERS OR PEOPLE OF INTEREST TO THE AGRICULTURAL COMMUNITY. THE PERSPECTIVE SHARES THE MOST CURRENT UPDATES ON OKLAHOMA FARM BUREAU ACTIVITIES AND ITEMS OF INTEREST TO AGRICULTURE PRODUCERS. PRODUCEVIDEOS OF MEMBERS AND THEIR FARMING PRACTICES FOR USE AT THE STATE CONVENTION AND PUBLIC SHARING. PRODUCE MULTIPLE TYPES OF CONTENT FOR NEWSPAPER, LOCAL NEWS AND SOCIAL MEDIA. HOSTS A MEDIA TRAINING CONFERENCE FOR FFA REPORTERS. 89,000+ PERSONS BENEFITTED
FIELD SERVICE, ORGANIZATION & MEMBERSHIPKEEP MEMBERSHIP DATABASE FOR 77 COUNTY FARM BUREAUS AND PROVIDE MEMBERSHIP REPORTS. SET UP BOOTHS AT STATE FAIRS AND AGRICULTURAL MEETINGS. FIELD REPRESENTATIVES ARE THE LIAISONS FOR THE HOME OFFICE AND THE COUNTY FARM BUREAUS. PROVIDE TRAINING FOR COUNTY BOARD MEMBERS PUBLIC RELATIONS AND COUNTY OFFICE STAFF. ATTEND MONTHLY COUNTY BOARD MEETINGS. AID IN SETTING UP STATE REGIONAL MEETINGS. 89,000+ PERSONS BENEFITTED.
PUBLIC POLICYKEEPS MEMBERS INFORMED ABOUT LEGISLATION THAT AFFECTS AGRICULTURE AND RURAL COMMUNITIES. HOSTS EVENTS TO BRING LEGISLATORS AND MEMBERS TOGETHER TO DISCUSS LEGISLATION AND ITEMS OF CONCERN. 89,000+ PERSONS BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thad Doye Executive Director | Trustee | 10 | $0 |
Marla Peek Sr Director Of Regulatory Aff | 40 | $115,113 | |
Rodd Moesel President | OfficerTrustee | 36 | $80,500 |
Monte Tucker Vice President | OfficerTrustee | 36 | $11,300 |
Stacy Simunek Director | Trustee | 6 | $16,400 |
Kerry Givens Director | Trustee | 3 | $11,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,144,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,217,079 |
| Total Program Service Revenue | $42,671 |
| Investment income | $196,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,210,617 |
| 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 | $5,745,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $287,758 |
| Grants and other assistance to domestic individuals. | $35,766 |
| 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 | $1,484,540 |
| Pension plan accruals and contributions | $376,305 |
| Other employee benefits | $434,903 |
| Payroll taxes | $114,204 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,648 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,450 |
| Advertising and promotion | $617,781 |
| Office expenses | $135,088 |
| Information technology | $27,569 |
| Royalties | $0 |
| Occupancy | $53,621 |
| Travel | $1,044,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $657,873 |
| Interest | $214 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,603 |
| Insurance | $61,541 |
| All other expenses | $9,617 |
| Total functional expenses | $5,582,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,728 |
| Savings and temporary cash investments | $455,457 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,166,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $262,703 |
| Net Land, buildings, and equipment | $342,846 |
| Investments—publicly traded securities | $1,371,307 |
| Investments—other securities | $3,847,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,642,555 |
| Accounts payable and accrued expenses | $469,646 |
| Grants payable | $0 |
| Deferred revenue | $690,242 |
| 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 | $1,159,888 |
| Net assets without donor restrictions | $7,482,667 |
| 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 | $8,642,555 |
Grants Awarded
Over the last fiscal year, Oklahoma Farm Bureau has awarded $82,775 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY FOUNDATIO | | | $39,775 |
ROYALTY OWNERS COALITION OF OKLAHOM | | | $10,000 |
PROTECT OUR KIDS NO 820 | | | $25,000 |
OKLAHOMA YOUTH EXPO | | | $8,000 |