Texas Farm Bureau Agriculture Research & Education Foundation
- Assets
- $54.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Waco, TX
- Founding
- 05/1991
- Data as of
- 12/2021
- 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 12/2021, Texas Farm Bureau Agriculture Research & Education Foundation generated $42.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (60.9%) each year. All expenses for the organization totaled $600.0 during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
DURING 2021, DUE TO COVID 19, THE ORGANIZATION WAS NOT ABLE TO PROVIDE EDUCATIONAL AND RESEARCH ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Daniel Vice-President | 1 | $0 | |
Russell Boening President | 1 | $0 | |
Chris Daughtery CFO | 1 | $0 | |
Si Cook Coo/executive Director | 1 | $0 | |
Val Stephens Director | 1 | $0 | |
Zachary Yanta Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $27 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42 |
| 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 | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $600 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,154 |
| Other assets | $0 |
| Total assets | $54,154 |
| Total liabilities | $600 |
| Net assets or fund balances | $53,554 |
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 |
|---|---|
Dalhart, TX PURPOSE: PANHANDLE WILDFIRES | $1,775 |
FARGO VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
BOOKER VOLUNTEER FIRE DEPARTMENT PURPOSE: PANHANDLE WILDFIRES | $1,775 |
Arnett, OK PURPOSE: PANHANDLE WILDFIRES | $1,775 |
Canadian, TX PURPOSE: PANHANDLE WILDFIRES | $1,775 |
Perryton, TX PURPOSE: PANHANDLE WILDFIRES | $1,775 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Farm Bureau Agriculture Research & Education Foundation has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
San Antonio Livestock Exposition Educational Fund Inc San Antonio, TX | $23,576,511 | $4,942,243 |
The Forte Foundation Austin, TX | $3,571,246 | $5,400,451 |
Usaa Educational Foundation San Antonio, TX | $96,381,454 | $7,561,828 |
Ulm Athletic Foundation Monroe, LA | $3,668,358 | $2,963,740 |
Panhandle-Plains Higher Education Foundation Inc Canyon, TX | $182,464,704 | $13,006,465 |
American Indian Graduate Center Scholars Albuquerque, NM | $1,252,569 | $3,993,312 |