Lamb County Farm Bureau Federation
- Assets
- $546.6k
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Littlefield, TX
- Founding
- 09/1967
- Data as of
- 09/2023
- EIN
- 75-0845208
Organization Overview
Lamb County Farm Bureau Federation is located in Littlefield, TX. The organization was established in 1967. 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 09/2023, Lamb County Farm Bureau Federation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamb County Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, Lamb County Farm Bureau Federation generated $215.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $232.2k during the year ending 09/2023. 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
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 - Line 4a
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.
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.
NATIONAL AFFAIRS MEETINGS COUNTY FARM BUREAU DIRECTORS ATTENDED MEETINGS WITH NATIONAL LEGISLATORS AS WELL AS STATE LEGISLATORS TO EXPLAIN HOW LAWS AND REGULATIONS IMPACT AGRICULTURE AND RURAL AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricky Yantis President | OfficerTrustee | 10 | $0 |
Keith Layton Vice President | OfficerTrustee | 8 | $0 |
Graham Henley Sec Treas | OfficerTrustee | 3 | $0 |
John Synatschk Director | Trustee | 8 | $0 |
Steve Johnson Director | Trustee | 5 | $0 |
Freddie Maxwell Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,370 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,370 |
| Total Program Service Revenue | $0 |
| Investment income | $5,991 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,300 |
| 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 | $215,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,085 |
| Grants and other assistance to domestic individuals. | $1,500 |
| 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 | $67,342 |
| Pension plan accruals and contributions | $1,822 |
| Other employee benefits | $0 |
| Payroll taxes | $5,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,064 |
| Office expenses | $8,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,174 |
| Travel | $15,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,776 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $232,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,323 |
| Savings and temporary cash investments | $331,316 |
| 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 | $20,760 |
| Net Land, buildings, and equipment | $171,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $546,634 |
| Accounts payable and accrued expenses | $814 |
| 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 | $814 |
| 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 | $545,820 |
| Total liabilities and net assets/fund balances | $546,634 |