Utah Farm Bureau Federation
- Assets
- $7.2m
- Revenue
- $4.0m
- Investments
- $76.4k
- Employees
- 17
- Location
- Sandy, UT
- Founding
- 11/1945
- Data as of
- 10/2023
- EIN
- 87-0189000
Organization Overview
Utah Farm Bureau Federation is located in Sandy, UT. The organization was established in 1945. 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 10/2023, Utah Farm Bureau Federation employed 17 individuals. This organization is the central organization for a national or regional group of organizations. Utah 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, Utah Farm Bureau Federation generated $4.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $4.8m during the year ending 10/2023. While expenses have increased by 7.1% 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
PROMOTE FARMING AND RANCHING IN UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UTAH FARM BUREAU FEDERATION'S (UFBF) STATED MISSION IS TO INSPIRE ALL UTAH FAMILIES TO CONNECT, SUCCEED AND GROW THROUGH THE MIRACLE OF AGRICULTURE. TO ACHIEVE THIS MISSION UFBF PROVIDES EDUCATION AND TRAINING SERVICES AND INFORMATIONAL SEMINARS AND CONFERENCES TO ITS 33,133 UTAH MEMBER FAMILIES IN ORDER TO IMPROVE ECONOMIC OPPORTUNITIES FOR THE STATE'S FARMERS AND RANCHERS, HELP ENSURE AMERICA'S FOOD SUPPLY, PROTECT THE STATE'S NATURAL RESOURCES, AND IMPROVE THE OVERALL QUALITY OF LIFE IN THE STATE OF UTAH.
UFBF'S FARM BUREAU NEWS PROGRAM INCLUDES TWO PUBLICATIONS (A MONTHLY NEWSPAPER AND A QUARTERLY MAGAZINE) DEALING WITH TIMELY AND RELEVANT AGRICULTURAL AND CONSUMER ORIENTED TOPICS. THE PUBLICATIONS ARE DESIGNED TO INFORM MEMBERS AND INTERESTED THIRD PARTIES OF THE POLICIES AND ISSUES ACTED UPON AS WELL AS THE MEMBER SERVICES OFFERED BY UFBF.
UFBF'S FARM AND RANCH SAFETY TRAINING AND EDUCATION PROGRAMS ARE DESIGNED TO ASSIST FARM AND RANCH OPERATIONS IN DEVELOPING SAFER WORK ENVIRONMENTS AND IN MINIMIZING OR ELIMINATING WORKPLACE ACCIDENTS. EDUCATION PROVIDED INCLUDES MATERIALS AND CUSTOMIZED TRAINING RELATED TO LOCKOUT TAG OUT PROCEDURES; SUBSTANCE ABUSE; CELL PHONE USE IN CONJUNCTION WITH OPERATION OF EQUIPMENT AND VEHICLES; FORKLIFT SAFETY; COMPLIANCE WITH OSHA AND THE FAIR LABOR STANDARDS ACT; PROPER USE OF PESTICIDES, FERTILIZERS, AND CHEMICALS; SEASONAL WORKER SAFETY RULES; AND OTHER SAFETY RELATED TOPICS. EMPLOYERS AND EMPLOYEES ARE ALSO INFORMED ABOUT WORKPLACE SAFETY RESOURCES AVAILABLE THROUGH THE STATE OF UTAH LABOR COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Gibson President | OfficerTrustee | 20 | $53,333 |
Rex Larsen Vice President | Trustee | 3 | $2,248 |
Jim Wayment Director | Trustee | 3 | $3,163 |
Tyson Roberts Director | Trustee | 3 | $3,151 |
Wayne Jarrett Director | Trustee | 3 | $3,173 |
Steve Hanberg Director | Trustee | 3 | $3,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,981,158 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,997,673 |
| Total Program Service Revenue | $0 |
| Investment income | $66,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,579,300 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,725 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,968,732 |
| 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. | $867,554 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $324,962 |
| Payroll taxes | $137,153 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $68,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $95,715 |
| Office expenses | $321,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,885 |
| Travel | $208,301 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $484,295 |
| Interest | $49,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,151 |
| Insurance | $117,927 |
| All other expenses | $123,698 |
| Total functional expenses | $4,842,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,320,815 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $854,310 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79,372 |
| Net Land, buildings, and equipment | $2,250,625 |
| Investments—publicly traded securities | $2,081,108 |
| Investments—other securities | $76,445 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,677 |
| Total assets | $7,194,109 |
| Accounts payable and accrued expenses | $1,618,202 |
| Grants payable | $0 |
| Deferred revenue | $903,000 |
| 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 | $9,685 |
| Total liabilities | $2,530,887 |
| Net assets without donor restrictions | $4,663,222 |
| 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 | $7,194,109 |