Randall County Farm Bureau Federation Inc
- Assets
- $389.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Canyon, TX
- Founding
- 12/1951
- Data as of
- 12/2023
- EIN
- 75-0830287
Organization Overview
Randall County Farm Bureau Federation Inc is located in Canyon, TX. The organization was established in 1951. 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 12/2023, Randall County Farm Bureau Federation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randall County Farm Bureau Federation Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Randall County Farm Bureau Federation Inc generated $151.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $148.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 5 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
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.
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.
ANNUAL MEETING HELD AN ANNUAL MEETING IN WHICH ALL MEMBERS ARE INVITED. PURPOSE WAS TO DISCUSS RELATIVE LOCAL, STATEWIDE, AND NATIONAL AGRICULTURAL ISSUES, THE IMPORTANCE OF AGRICULTURE EDUCATION, THE BUSINESS OF THE ORGANIZATION AND CURRENT LEGISLATIVE ISSUES AS THEY RELATE TO AGRICULTURE. MEMBERS OF THE COUNTY FARM BUREAU, COUNTY FARM BUREAU STAFF, COUNTY FARM BUREAU VOLUNTARY LEADERS, TEXAS FARM BUREAU STAFF AND INVITED GUESTS PARTICIPATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Davis President | 3 | $0 | |
Brady Ragland Vice President | 2 | $0 | |
Roger Gist Secretary | 3 | $0 | |
Pat Wilhelm Treasurer | 2 | $0 | |
James Mccasland Director | 2 | $0 | |
Shannon Treichel Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,050 |
| Total Program Service Revenue | $0 |
| Membership dues | $111,690 |
| Investment income | $36,032 |
| Gain or Loss | $25 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $107 |
| Total Revenue | $151,904 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $186 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $42,331 |
| Printing, publications, postage, and shipping | $1,581 |
| Other expenses | $83,083 |
| Total expenses | $148,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $268,978 |
| Other assets | $0 |
| Total assets | $389,708 |
| Total liabilities | $464 |
| Net assets or fund balances | $389,244 |
Grants Awarded
Over the last fiscal year, Randall County Farm Bureau Federation Inc has awarded $13,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RANDALL COUNTY JR LSA PURPOSE: Assist Youth | $8,350 |
POTTER COUNTY JR LSA PURPOSE: Assist Youth | $5,200 |