Oklahoma Farm Bureau
- Assets
- $51.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madill, OK
- Founding
- 05/1960
- Data as of
- 08/2023
- EIN
- 73-6104035
Organization Overview
Oklahoma Farm Bureau is located in Madill, OK. The organization was established in 1960. 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 08/2023, Oklahoma Farm Bureau generated $27.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $22.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh D Sweat President | 1 | $0 | |
Sam Goodwin Secretary Treasurer | 1 | $0 | |
Wendyl Parrish Vice-President | 1 | $0 | |
William Coleman Director | 1 | $0 | |
Steve Eddings Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,224 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15,988 |
| Total Revenue | $27,212 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $240 |
| Occupancy, rent, utilities, and maintenance | $10,197 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,665 |
| Total expenses | $22,102 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,956 |
| Other assets | $0 |
| Total assets | $51,017 |
| Total liabilities | $1,229 |
| Net assets or fund balances | $49,788 |