Montana Farm Bureau Federation
- Assets
- $2.5m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 15
- Location
- Bozeman, MT
- Founding
- 08/1989
- Data as of
- 09/2023
- EIN
- 81-0246740
Organization Overview
Montana Farm Bureau Federation is located in Bozeman, MT. The organization was established in 1989. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Montana Farm Bureau Federation employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Montana 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, Montana Farm Bureau Federation generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $2.6m during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
MONTANA FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO PRESERVING AND IMPROVING THE AGRICULTURE AND NATURAL RESOURCE INDUSTRIES THROUGH MEMBER INVOLVEMENT IN EDUCATION, POLITICAL ACTIVITIES, PROGRAMS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INFORMATION AND EDUCATION ON ISSUES AND PRACTICES AFFECTING THE AGRICULTURE INDUSTRY TO APPROXIMATELY 17,250 MEMBERS THROUGHOUT THE STATE OF MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cyndi Johnson President | OfficerTrustee | 5 | $0 |
Gary Heibertshausen Vice President | OfficerTrustee | 1 | $0 |
Craig Blevins Director | Trustee | 1 | $0 |
Jm Peck Director | Trustee | 1 | $0 |
Kris Descheemaeker Director | Trustee | 1 | $0 |
Casey Mott Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $856,645 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,795 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $990,440 |
| Total Program Service Revenue | $159,411 |
| Investment income | $67,581 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,299,512 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$26,485 |
| Net Income from Fundraising Events | $11,723 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,538,711 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,186 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,459 |
| Pension plan accruals and contributions | $36,646 |
| Other employee benefits | $236,426 |
| Payroll taxes | $74,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,359 |
| Fees for services: Accounting | $30,846 |
| Fees for services: Lobbying | $107,015 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $65,055 |
| Information technology | $12,564 |
| Royalties | $0 |
| Occupancy | $79,179 |
| Travel | $91,789 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $303,936 |
| Interest | $459 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,913 |
| Insurance | $5,123 |
| All other expenses | $187,651 |
| Total functional expenses | $2,611,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,946 |
| Savings and temporary cash investments | $700,000 |
| Pledges and grants receivable | $10,150 |
| Accounts receivable, net | $44,935 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,268 |
| Prepaid expenses and deferred charges | $29,144 |
| Net Land, buildings, and equipment | $117,293 |
| Investments—publicly traded securities | $462,162 |
| Investments—other securities | $0 |
| Investments—program-related | $748,056 |
| Intangible assets | $44,288 |
| Other assets | $0 |
| Total assets | $2,540,242 |
| Accounts payable and accrued expenses | $182,927 |
| Grants payable | $0 |
| Deferred revenue | $389,358 |
| 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 | $9,304 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $544,184 |
| Total liabilities | $1,125,773 |
| Net assets without donor restrictions | $1,410,989 |
| Net assets with donor restrictions | $3,480 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,540,242 |