Mitchell County Farm Bureau Inc
- Assets
- $168.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Colorado City, TX
- Founding
- 09/1964
- Data as of
- 10/2023
- EIN
- 75-0840288
Organization Overview
Mitchell County Farm Bureau Inc is located in Colorado City, TX. The organization was established in 1964. 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. Mitchell County Farm Bureau 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 10/2023, Mitchell County Farm Bureau Inc generated $58.0k 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 (7.7%) each year. All expenses for the organization totaled $41.9k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (15.1%) 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 |
|---|---|---|---|
Jeremy Strain President | 1 | $0 | |
Andrew Sauer Vice President | 1 | $0 | |
Lynn Bradbury Sec Treas | 1 | $0 | |
Robert Stubblefield Director | 1 | $0 | |
Michael Barkley Director | 1 | $0 | |
Brooks Wallis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $31,000 |
| Investment income | $15,499 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,456 |
| Total Revenue | $57,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $49 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $9,524 |
| Printing, publications, postage, and shipping | $200 |
| Other expenses | $23,987 |
| Total expenses | $41,860 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $127,280 |
| Other assets | $0 |
| Total assets | $168,101 |
| Total liabilities | $0 |
| Net assets or fund balances | $168,101 |