Madison County Farm Bureau
- Assets
- $241.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madisonville, TX
- Founding
- 06/1971
- Data as of
- 10/2023
- EIN
- 74-1680020
Organization Overview
Madison County Farm Bureau is located in Madisonville, TX. The organization was established in 1971. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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 10/2023, Madison County Farm Bureau generated $126.0k 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 (4.3%) each year. All expenses for the organization totaled $96.3k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) 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 |
|---|---|---|---|
W Craig Bailey President | 5 | $0 | |
Kevin Counsil Vice President | 6 | $0 | |
Marguerite Lohmann Sec Treas | 5 | $0 | |
Chad Caperton Director | 6 | $0 | |
Ray Mosley Director | 6 | $0 | |
Gary Baker Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $73,035 |
| Investment income | $11,385 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $31,105 |
| Total Revenue | $126,025 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $13,242 |
| Professional fees and other payments to independent contractors | $960 |
| Occupancy, rent, utilities, and maintenance | $14,884 |
| Printing, publications, postage, and shipping | $60 |
| Other expenses | $52,958 |
| Total expenses | $96,253 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $190,896 |
| Other assets | $0 |
| Total assets | $241,613 |
| Total liabilities | $0 |
| Net assets or fund balances | $241,613 |