Limestone County Farm Bureau
- Assets
- $395.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Groesbeck, TX
- Founding
- 02/1957
- Data as of
- 09/2023
- EIN
- 74-1177318
Organization Overview
Limestone County Farm Bureau is located in Groesbeck, TX. The organization was established in 1957. 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 09/2023, Limestone County Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Limestone County 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 09/2023, Limestone County Farm Bureau generated $138.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $100.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BETTER THE CONDITIONS AND EFFICIENCY OF AGRICULTURAL PRODUCERS AND PROMOTE A WHOLESOME AND DESIRABLE RURAL LIFE THROUGH EDUCATION, INFORMATION, AND OTHER SUCH PROGRAMS.
Describe the Organization's Program Activity:
Part 3
STATE MEETINGS VOLUNTEER DIRECTORS OF THE COUNTY FARM BUREAU ATTENDED MEETINGS SPONSORED BY TEXAS FARM BUREAU, INCLUDING ITS ANNUAL STATE CONVENTION. AT THESE MEETINGS, VARIOUS AGRICULTURAL ISSUES ARE DISCUSSED WITH SIMILAR LOCAL VOLUNTEERS FROM OTHER COUNTY FARM BUREAUS ACROSS THE STATE. AT THE TEXAS FARM BUREAU ANNUAL CONVENTION, LOCAL COUNTY FARM BUREAU LEADERS FROM ALL OVER TEXAS VOTED ON AGRICULTURAL ISSUES THAT THESE VOLUNTEERS WOULD LIKE TEXAS FARM BUREAU AND THE VOLUNTEERS TO PURSUE ON A STATEWIDE LEVEL IN THE UPCOMING YEAR.
YOUTH LIVESTOCK SHOW/FAIR CONTRIBUTED TO LOCAL YOUTH LIVESTOCK SHOW/FAIR. PURPOSES OF THE SHOW ARE TO PROMOTE RESPONSIBILITY, LEADERSHIP SKILLS AND INTEREST IN RAISING FARM ANIMALS FOR AREA YOUTH. THE COUNTY FARM BUREAU VOLUNTEERS AS WELL AS LOCAL4-H CLUBS AND FFA CHAPTERS PARTICIPATE IN THIS IMPORTANT EVENT.
AMERICAN FARM BUREAU FEDERATION (AFBF) ANNUAL MEETING VOLUNTEER DIRECTOR(S) ATTENDED (OR WILL ATTEND) THE ANNUAL AFBF MEETING WITH LOCAL FARM BUREAU MEMBERS FROM ACROSS THE NATION TO PARTICIPATE IN DISCUSSIONS AND HEAR PRESENTATIONS ON VARIOUS AGRICULTURAL ISSUES AFFECTING FARMERS AND RANCHERS NATIONWIDE. ALSO, VARIOUS DELEGATES AT THE MEETING MAKE DECISIONS ON VARIOUS AFBF POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Ward President | 15 | $0 | |
James Dawley Vice President | 5 | $0 | |
Anna Kantor Secretary | 5 | $0 | |
Mary Lightsey Treasurer | 5 | $0 | |
Ty Decordova Director | 5 | $0 | |
Angela Torp Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $108,540 |
| Investment income | $28,623 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $892 |
| Total Revenue | $138,055 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,267 |
| Professional fees and other payments to independent contractors | $1,140 |
| Occupancy, rent, utilities, and maintenance | $31,260 |
| Printing, publications, postage, and shipping | $503 |
| Other expenses | $66,642 |
| Total expenses | $100,812 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $353,103 |
| Other assets | $0 |
| Total assets | $395,403 |
| Total liabilities | $2 |
| Net assets or fund balances | $395,401 |