Oklahoma Farm Bureau
- Assets
- $52.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madill, OK
- Founding
- 05/1960
- Data as of
- 08/2022
- 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 08/2022, Oklahoma Farm Bureau generated $21.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $14.8k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (15.5%) per year over the past 6 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 | |
Wendyl Parrish Director | 1 | $0 | |
Sam Goodwin Secretary Treasurer | 1 | $0 | |
William Coleman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,542 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,942 |
| Total Revenue | $21,485 |
| 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 | $7,564 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,971 |
| Total expenses | $14,775 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,572 |
| Other assets | $0 |
| Total assets | $52,078 |
| Total liabilities | $7,400 |
| Net assets or fund balances | $44,678 |
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 |