New Mexico Farm & Livestock Bureau
- Assets
- $5.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Las Cruces, NM
- Founding
- 05/1949
- Data as of
- 10/2023
- EIN
- 85-0108577
Organization Overview
New Mexico Farm & Livestock Bureau is located in Las Cruces, NM. The organization was established in 1949. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 10/2023, New Mexico Farm & Livestock Bureau employed 13 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. New Mexico Farm & Livestock 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 10/2023, New Mexico Farm & Livestock Bureau generated $2.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.0m during the year ending 10/2023. While expenses have increased by 1.2% 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.
Since 2016, New Mexico Farm & Livestock Bureau has awarded 12 individual grants totaling $348,800. 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
NEW MEXICO FARM AND LIVESTOCK'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE INSURANCE SERVICES, LEGISLATIVE SERVICES, MARKETING SERVICES, PUBLIC INFORMATION AND EDUCATION TO ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEMBERS WITH INFORMATION, GUIDANCE AND ANSWER QUESTIONS REGARDING INSURANCE SERVICES, PROGRAMS AND PROVIDERS.
PROVIDE BENEFITS TO MEMBERS THROUGH COMMITTEES FOR EDUCATION AND OTHER DIVERSE AREAS OF AGRICULTURE.
PROVIDE MEMBERS WITH PUBLIC INFORMATION AND LEGISLATIVE SERVICES REGARDING AGRICULTURAL ISSUES AND INTERESTS.
PROVIDE MEMBERS WITH MARKETING INFORMATION, GUIDANCE AND ANSWER QUESTIONS REGARDING MERCHANDISING PROGRAMS, SERVICES AND PROVIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Foster Chief Execut | Officer | 40 | $31,321 |
Larry Reagan President | OfficerTrustee | $0 | |
Don Hartman 1st Vice Pre | OfficerTrustee | $0 | |
Travis Harris 2nd Vice Pre | OfficerTrustee | $0 | |
Kim Miller Director | Trustee | $0 | |
Tommy Ortiz Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,344,009 |
| Investment income | $95,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,310 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,440,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,959 |
| 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. | $49,321 |
| Compensation of current officers, directors, key employees. | $9,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $371,057 |
| Payroll taxes | $53,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,371 |
| Fees for services: Accounting | $20,233 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $94,485 |
| Office expenses | $89,023 |
| Information technology | $10,593 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $90,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $184,212 |
| Interest | $22,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,832 |
| Insurance | $36,052 |
| All other expenses | $54,500 |
| Total functional expenses | $2,043,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,720,389 |
| Savings and temporary cash investments | $207,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,631 |
| 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 | $48,108 |
| Net Land, buildings, and equipment | $97,650 |
| Investments—publicly traded securities | $2,693,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $509,460 |
| Other assets | $0 |
| Total assets | $5,302,002 |
| Accounts payable and accrued expenses | $174,374 |
| 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 | $624,188 |
| Total liabilities | $798,562 |
| Net assets without donor restrictions | $3,473,023 |
| Net assets with donor restrictions | $1,030,417 |
| 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 | $5,302,002 |
Grants Awarded
Over the last fiscal year, New Mexico Farm & Livestock Bureau has awarded $55,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NM FARM & LIVESTOCK BUREAU FOUND PURPOSE: OPERATING COSTS | $50,000 |
NMSU FOUNDATION PURPOSE: AG DAY EVENTS | $5,300 |