Wyoming Farm Bureau Federation
- Assets
- $4.5m
- Revenue
- $1.8m
- Investments
- $1.0m
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 05/1946
- Data as of
- 10/2023
- EIN
- 83-0175474
Organization Overview
Wyoming Farm Bureau Federation is located in Laramie, WY. The organization was established in 1946. 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 a parent organization of an affiliated group for tax-exemption purposes. Wyoming 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 10/2023, Wyoming Farm Bureau Federation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $1.2m during the year ending 10/2023. While expenses have increased by 21.6% per year over the past 7 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
AGRICULTURE EDUCATION AND ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WYOMING FARM BUREAU FOCUSES ON POLICY POSITIONS ON ISSUES ESTABLISHED BY COUNTY FARM BUREAU DELEGATES AT OUR ANNUAL MEETINGS AND PLACED INTO OUR POLICY BOOK. WE INITIATE OR PROVIDE INFORMATION ON LEGISLATION ON A STATE LEVEL THAT CARRIES OUT THOSE POLICIES. IN ADDITION WE REGULARLY INFORM OUR MEMBERS OF RULES AND REGULATIONS WHICH COULD AFFECT THEIR OPERATIONS SO THEY ARE AWARE OF THESE ACTIONS. WYFB STAFF REGULARLY PROVIDE COMMENTS ON BOTH STATE AND NATIONAL RULES WHICH AFFECT THEIR OPERATIONS. AREAS WE FOCUS ON ARE NATURAL AND ENVIRONMENTAL RESOURCES, GENERAL AGRICULTURAL ISSUES MAINLY TRANSPORTATION AND TELECOMMUNICATION, GOVERNMENTAL AFFAIRS AND TAXES.
THE ORGANIZATION ENDEAVORS TO PROTECT THE INTEREST OF ITS PRODUCTION MEMBERS BY DEVELOPING POLICY AT THE "GRASSROOTS" LEVEL AND PROMOTING IT ACCROSS THE STATE OF WYOMING. THE STAFF MEETS WITH STATE GOVERNMENT AGENCIES TO PROMOTE A FAVORABLE ENVIRONMENT FOR OUR MEMBERS. THROUGH MAILINGS, OUR WEBSITE, AND OUR WYOMING AGRICULTURE PUBLICATION, THE MEMBERS ARE KEPT INFORMED ON CHANGING RULES AND REGULATIONS.
THE OGANIZATION USES A WIDE RANGE OF MEDIUMS TO INFORM THE MEMBERS ABOUT ISSUES AFFECTING MEMBER HOMES AND OPERATIONS. WYOMING FARM BUREAU HAS WORKED TO CREATE A WEB PRESENCE AS WELL AS A DEEP SOCIAL MEDIA FOOTPRINT. THE WYOMING FARM BUREAU'S PUBLICATION WYOMING AGRICULTURE IS MAILED TO ALL OF THE MEMBERS 10 TIMES PER YEAR.
ALL OF THE MEMBERS OF THE ORGANIZATION ARE ELIGIBLE FOR MEMBER BENEFITS THAT ARE OFFERED THOUGH FARM BUREAU PARTNERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Hamilton Exectutive V | OfficerTrustee | 40 | $118,965 |
Cole Coxbill Vice Preside | OfficerTrustee | 2 | $1,900 |
Thad Dockery Board Direct | Trustee | 2 | $1,600 |
Justin Ellis Board Direct | Trustee | 2 | $1,150 |
Kevin Baars Board Direct | Trustee | 2 | $1,050 |
Tim Pexton Board Direct | Trustee | 2 | $900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $296,755 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,469 |
| Total Program Service Revenue | $60,031 |
| Investment income | $98,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,283,271 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,785,065 |
| 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. | $126,165 |
| Compensation of current officers, directors, key employees. | $49,204 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,065 |
| Pension plan accruals and contributions | $262,810 |
| Other employee benefits | $129,953 |
| Payroll taxes | $30,604 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,459 |
| Fees for services: Lobbying | $6,020 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,244 |
| Advertising and promotion | $15,773 |
| Office expenses | $111,117 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,376 |
| Travel | $35,956 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,762 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,668 |
| Insurance | $16,027 |
| All other expenses | $0 |
| Total functional expenses | $1,209,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,728,982 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,102 |
| 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 | $125,614 |
| Net Land, buildings, and equipment | $89,114 |
| Investments—publicly traded securities | $1,495,024 |
| Investments—other securities | $1,020,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,484,610 |
| Accounts payable and accrued expenses | $631,391 |
| Grants payable | $0 |
| Deferred revenue | $232,693 |
| 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 | $376,901 |
| Total liabilities | $1,240,985 |
| Net assets without donor restrictions | $3,243,625 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $4,484,610 |