Lynn County Farm Bureau
- Assets
- $270.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tahoka, TX
- Founding
- 11/1951
- Data as of
- 09/2023
- EIN
- 75-0886383
Organization Overview
Lynn County Farm Bureau is located in Tahoka, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lynn County Farm Bureau 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, Lynn County Farm Bureau generated $133.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $118.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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 |
|---|---|---|---|
Ryan Gill President | 3 | $0 | |
Tye Mason Vice President | 3 | $0 | |
Anthony Bishop Secretary | 3 | $0 | |
Stephen Norman Treasurer | 2 | $0 | |
Landry Barton Director | 2 | $0 | |
Rich Hannum Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $44,892 |
| Investment income | $5,166 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $81 |
| Other Revenue | $82,980 |
| Total Revenue | $133,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $44,200 |
| Professional fees and other payments to independent contractors | $975 |
| Occupancy, rent, utilities, and maintenance | $24,531 |
| Printing, publications, postage, and shipping | $315 |
| Other expenses | $40,094 |
| Total expenses | $118,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $94,738 |
| Other assets | $0 |
| Total assets | $270,261 |
| Total liabilities | $5,013 |
| Net assets or fund balances | $265,248 |