Monterey County Farm Bureau
- Assets
- $468.0k
- Revenue
- $403.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Salinas, CA
- Founding
- 01/1943
- Data as of
- 10/2023
- EIN
- 94-1175612
Organization Overview
Monterey County Farm Bureau is located in Salinas, CA. The organization was established in 1943. 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. As of 10/2023, Monterey County Farm Bureau employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monterey 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 10/2023, Monterey County Farm Bureau generated $403.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $391.0k during the year ending 10/2023. While expenses have increased by 1.9% 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
TO WORK FOR THE SOLUTION OF THE PROBLEMS OF THE FARM, THE FARM HOME AND THE RURAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKERS COMPENSATION PROGRAM: SERVES ALL MEMBERS; MAKES INFORMATION AND PUBLICITY REGARDING PARTICIPATION AVAILABLE TO MEMBERS.
PUBLICATION FARM FOCUS: SERVES ALL MEMBERS; PROVIDES CURRENT NEWS CONCERNING AGRICULTURAL DEVELOPMENTS IN MONTEREY COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman Groot Exec Director | Officer | 40 | $150,976 |
Colby Pereira President | OfficerTrustee | 1 | $0 |
Francis Giudici VP Finance | OfficerTrustee | 1 | $0 |
Steve Wiley VP Membership | OfficerTrustee | 1 | $0 |
April England VP Legislative | OfficerTrustee | 1 | $0 |
Mark Kennedy VP Fundraising | OfficerTrustee | 1 | $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 | $6,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,300 |
| Total Program Service Revenue | $279,322 |
| Investment income | $5,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,124 |
| Net Gain/Loss on Asset Sales | $851 |
| Net Income from Fundraising Events | $90,282 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,447 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,405 |
| Pension plan accruals and contributions | $5,952 |
| Other employee benefits | $34,474 |
| Payroll taxes | $13,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,431 |
| Fees for services: Accounting | $3,329 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,750 |
| Advertising and promotion | $1,486 |
| Office expenses | $20,379 |
| Information technology | $3,221 |
| Royalties | $0 |
| Occupancy | $21,447 |
| Travel | $2,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,984 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,764 |
| Insurance | $1,008 |
| All other expenses | $1,920 |
| Total functional expenses | $390,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,391 |
| Savings and temporary cash investments | $12,738 |
| 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 | $163,818 |
| Investments—publicly traded securities | $213,011 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $467,958 |
| Accounts payable and accrued expenses | $5,329 |
| 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 | $146,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $152,247 |
| Net assets without donor restrictions | $0 |
| 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 | $315,711 |
| Total liabilities and net assets/fund balances | $467,958 |