Arkansas Farm Bureau Foundation
- Assets
- $1.3m
- Revenue
- $741.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 07/2017
- Data as of
- 10/2023
- EIN
- 81-4517307
Organization Overview
Arkansas Farm Bureau Foundation is located in Little Rock, AR. The organization was established in 2017. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, 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. Arkansas Farm Bureau Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Arkansas Farm Bureau Foundation generated $741.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $904.3k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Arkansas Farm Bureau Foundation has awarded 52 individual grants totaling $1,500,311. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ARKANSAS FARM BUREAU FOUNDATION (THE "FOUNDATION") IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE UNDERSTANDING OF AGRICULTURAL AND RURAL ISSUES, AND TO SUPPORT THE AGRICULTURAL AND RURAL COMMUNITY THROUGH FINANCIAL SUPPORT FOR EDUCATION, RESEARCH, LITIGATION, AND DISASTER RELIEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEDICAL APPLICATIONS OF SCIENCE FOR HEALTH (M*A*S*H) PROGRAMS HAVE EXPOSED MORE THAN 9,000 ARKANSAS HIGH SCHOOL STUDENTS TO HEALTH CAREER FIELDS SINCE 1988, WHEN IT WAS FIRST PILOTED BY UAMS IN PINE BLUFF. EVERY SUMMER, OVER 500 11TH AND 12TH GRADE STUDENTS PARTICIPATE IN ONE OF THESE TWO-WEEK CAMPS, WHICH ARE OFFERED IN 30+ COMMUNITIES ACROSS ARKANSAS. COMMUNITY HEALTH APPLIED IN MEDICAL PUBLIC SERVICE (CHAMPS) IS A 3-5 DAY OPTION GEARED FOR YOUNGER STUDENTS (8TH - 10TH GRADE) IN SMALLER, MORE RURAL COMMUNITIES.
OTHER PROGRAM EXPENSES - TO PROVIDE CHARITABLE AND EDUCATIONAL ASSISTANCE TO FURTHER THE UNDERSTANDING OF AGRICULTURAL AND RURAL ISSUES, AND TO SUPPORT THE AGRICULTURAL AND RURAL COMMUNITY THROUGH FINANCIAL SUPPORT FOR EDUCATION, RESEARCH, AND LITIGATION.
FUTURE FARMERS OF AMERICA - THE ARKANSAS DEPARTMENT OF CAREER EDUCATION PROVIDES FUNDS TO THE FOUNDATION FOR THE PERSONNEL AND ADMINISTRATIVE SUPPORT AND OPERATION OF THE FUTURE FARMERS OF AMERICA (FFA) STUDENT LEADERSHIP ACTIVITIES. THE NATURE OF THIS PARTNERSHIP IS TO SUPPORT AND FOSTER COLLABORATIVE EFFORTS THAT PROMOTE THE FFA CAREER AND TECHNICAL STUDENT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Hillman President | OfficerTrustee | 5 | $0 |
Mike Freeze Vice President | OfficerTrustee | 5 | $0 |
Dan Wright Secretary/treasurer | OfficerTrustee | 3 | $0 |
Jon Carroll Director | Trustee | 1 | $0 |
Joe Christian Director | Trustee | 1 | $0 |
Terry Dabbs Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,016 |
| Related organizations | $499,637 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $192,672 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $744,325 |
| Total Program Service Revenue | $0 |
| Investment income | $21,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,889 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $682,242 |
| Grants and other assistance to domestic individuals. | $125,220 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,501 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,497 |
| Office expenses | $33,581 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,840 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $904,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $472,723 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $403,439 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,178 |
| Prepaid expenses and deferred charges | $2,995 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $350,190 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,264,525 |
| Accounts payable and accrued expenses | $34,946 |
| 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 | $460,000 |
| Total liabilities | $494,946 |
| Net assets without donor restrictions | $744,167 |
| Net assets with donor restrictions | $25,412 |
| 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 | $1,264,525 |
Grants Awarded
Over the last fiscal year, Arkansas Farm Bureau Foundation has awarded $373,556 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
SUNBELT AG EXPO PURPOSE: 2023 SUNBELT AG EXPO SPONSORSHIP | $15,000 |
ARKANSAS HUNTERS FEEDING THE HUNGRY PURPOSE: DONATIONS PLUS MATCHING FUNDS | $77,750 |
UAMS FOUNDATION PURPOSE: MASH | $100,000 |
ARKANSAS FFA FOUNDATION PURPOSE: DEPT OF ED MOU - FUNDS FOR FFA | $85,806 |
ARKANSAS FFA FOUNDATION PURPOSE: DONATION | $10,000 |
ARKANSAS 4-H FOUNDATION PURPOSE: DONATION | $10,000 |