Oklahoma Farm Bureau
- Assets
- $652.8k
- Revenue
- $125.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Okmulgee, OK
- Founding
- 01/1967
- Data as of
- 08/2022
- EIN
- 73-0770880
Organization Overview
Oklahoma Farm Bureau is located in Okmulgee, OK. The organization was established in 1967. 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. This organization is a subordinate organization within 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 08/2022, Oklahoma Farm Bureau generated $125.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $87.1k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVING THE LIVES OF RURAL OKLAHOMAN
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDENTIFYING AND ADVOCATING THE NEEDS AND CONCERNS OF RURAL OKLAHOMANS
CREATING PUBLIC AWARENESS FOR THE NEEDS AND CONCERNS OF RURAL OKLAHOMANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Meek President | OfficerTrustee | 1 | $0 |
James Pittman Treasurer | OfficerTrustee | 1 | $0 |
Will Lewis Vice President | OfficerTrustee | 1 | $0 |
Richard Raby Secretary | OfficerTrustee | 1 | $0 |
Marc Kuts Director | Trustee | 1 | $0 |
Darrell Mills Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $25,509 |
| Fundraising events | $0 |
| Related organizations | $50 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,639 |
| Total Program Service Revenue | $0 |
| Investment income | $2,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,669 |
| 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 | $125,611 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,191 |
| Office expenses | $9,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,123 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,843 |
| Interest | $4,206 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,002 |
| Insurance | $3,790 |
| All other expenses | $0 |
| Total functional expenses | $87,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,135 |
| Savings and temporary cash investments | $56,037 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,742 |
| 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 | $507,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $652,822 |
| Accounts payable and accrued expenses | $19,138 |
| 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 | $314,420 |
| Other liabilities | $0 |
| Total liabilities | $333,558 |
| 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 | $319,264 |
| Total liabilities and net assets/fund balances | $652,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livestock Marketing Association Overland Park, KS | $41,945,453 | $11,175,778 |
Valley Ranch Master Association Inc Irving, TX | $4,102,300 | $4,014,751 |
American Society Of Farm Managers & Rural Appraisers Glendale, CO | $4,224,649 | $2,977,415 |
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 |
Texas Pecan Growers Association Bryan, TX | $1,127,753 | $974,234 |
Fort Bend County Farm Bureau Rosenberg, TX | $841,412 | $932,063 |
Jefferson County Farm Bureau Beaumont, TX | $1,487,486 | $1,150,540 |
Harris County Farm Bureau Houston, TX | $2,894,437 | $818,882 |