Texas Farm Bureau Agriculture Research & Education Foundation
- Assets
- $52.5k
- Revenue
- $243.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 05/1991
- Data as of
- 12/2022
- EIN
- 74-2588060
Organization Overview
Texas Farm Bureau Agriculture Research & Education Foundation is located in Waco, TX. The organization was established in 1991. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Farm Bureau Agriculture Research & Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Texas Farm Bureau Agriculture Research & Education Foundation generated $243.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $244.1k during the year ending 12/2022. 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
INITIATE AG RESEARCH AND EDUCATIONAL ACTIVITIES, DISSEMINATE INFORMATION REGARDING EDUCATION AND MARKETING COMMODITIES. PROMOTE STUDY OF AGRICULTURE AND AGRICULTURE RESEARCH, AND AWARD EDUCATIONAL SCHOLARSHIPS AND AGRICULTURAL RESEARCH GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TFB AG RESEARCH AND EDUCATION FOUNDATION RECEIVED FUNDS FOR ASSISTANCE TO VARIOIUS VOLUNTEER FIRE DEPARTMENTS AND INDIVIUALS AFFECTED BY THE TEXAS WILDFIRES. ALL THE MONEY RECEIVED FOR THIS PURPOSE WAS DISTRIBUTED TO THE VOLUNTEER FIRE DEPARTMENTS AND INDIVIDUALS AFFECTED BY THE WILDFIRES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Kaminski Director | Trustee | 1 | $0 |
Brian Adamek Director | Trustee | 1 | $0 |
J Walt Hagood Director | Trustee | 1 | $0 |
John Griffith Director | Trustee | 1 | $0 |
John Paul Dineen Director | Trustee | 1 | $0 |
Kevin Wilkerson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $242,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,983 |
| Total Program Service Revenue | $0 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $243,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $242,867 |
| 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 | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $530 |
| Total functional expenses | $244,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,508 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,508 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $52,508 |
| Total liabilities and net assets/fund balances | $52,508 |
Grants Awarded
Over the last fiscal year, Texas Farm Bureau Agriculture Research & Education Foundation has awarded $69,225 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BOOKER VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
ARNETT VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
CANADIAN VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
GAGE VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
FRITCH VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
GEM CITY VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |