Larimer County Farm Bureau
- Assets
- $842.9k
- Revenue
- $43.4k
- Investments
- $805.3k
- Employees
- 0
- Location
- Wellington, CO
- Founding
- 08/1951
- Data as of
- 09/2023
- EIN
- 84-0414089
Organization Overview
Larimer County Farm Bureau is located in Wellington, CO. 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. Larimer 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, Larimer County Farm Bureau generated $43.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (43.0%) each year. All expenses for the organization totaled $38.5k 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
LARIMER COUNTY FARM BUREAU WAS CREATED TO SERVE THE NEEDS OF LARIMER COUNTY'S FARMERS, RANCHERS, AND OTHER RESIDENTS INTERESTED IN PRESERVING A RURAL WAY OF LIFE. LCFB PROVIDES INFORMATION ABOUT CURRENT REGULATORY ISSUES, COORDINATES WITH LOCAL GOVERNMENT, OFFERS SCHOLARSHIPS TO LOCAL STUDENTS PURSUING AGRICULTURAL STUDIES, AND GIVES ALL LARIMER COUNTY RESIDENTS A FORUM TO LEARN MORE ABOUT THE RANCHING AND FARMING BUSINESS THAT IS SO IMPORTANT TO OUR COUNTRY'S WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING THE NEEDS OF LARIMER COUNTY'S FARMERS, RANCHERS, AND OTHER RESIDENTS INTERESTED IN PRESERVING A RURAL WAY OF LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Bee President | OfficerTrustee | 5 | $0 |
Susan Weaver Vice Preside | OfficerTrustee | 5 | $0 |
Leeann Bee Secretary/tr | OfficerTrustee | 1 | $0 |
Mike Salaz Director | Trustee | 1 | $0 |
Ralph Bender Director | Trustee | 1 | $0 |
Norm Strickholm Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,190 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,252 |
| Total Program Service Revenue | $0 |
| Investment income | $24,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,978 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,701 |
| 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. | $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 | $5,943 |
| Fees for services: Other | $2,352 |
| Advertising and promotion | $1,870 |
| Office expenses | $348 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,867 |
| Savings and temporary cash investments | $31,772 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $805,279 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $842,918 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $842,918 |
| 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 | $842,918 |
Grants Awarded
Over the last fiscal year, Larimer County Farm Bureau has awarded $13,760 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AGRICULTURE IN THE CLASSROOM PURPOSE: PROMOTE AGRICULTURE | $8,160 |
BEE FAMILY FARM PURPOSE: PRESERVE ARCHITECTUR | $5,600 |