Mississippi Farm Bureau Foundation & Relief Fund Inc
- Assets
- $3.8m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 03/2008
- Data as of
- 10/2022
- EIN
- 20-8612993
Organization Overview
Mississippi Farm Bureau Foundation & Relief Fund Inc is located in Jackson, MS. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Farm Bureau Foundation & Relief Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Mississippi Farm Bureau Foundation & Relief Fund Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $833.0k during the year ending 10/2022. While expenses have increased by 5.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS FOR EDUCATION AND RESEARCH IN AGRICULTURE IN MISSISSIPPI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AG PROMOTION FUNDING IS DEDICATED TO EDUCATING THOSE WHO ARE NOT ACTIVELY ENGAGED IN FARMING OF THE REAL BENEFITS OF AGRICULTURAL. THIS MESSAGE IS OF UNDERSTANDING THE IMPORTANCE OF AGRICULTURAL AND IS CARRIED OUT WITH FUNDING OF THE MS FARM FAMILIES ORGANIZATION AND A BI-MONTHLY MAGAZINE DISTRIBUTED TO ALL MEMBERS.
MFBF PARTICIPATED IN THE ANNUAL DIXIE NATIONAL SALE OF JUNIOR CHAMPIONS. THE SUPPORT OF THIS MISSION PROMOTES AND SUPPORTS 4-H AND FFA LIVESTOCK PROGRAMS. THE SALE PROVIDES SCHOLARSHIPS TO YOUTH INTERESTED IN AGRICULTURAL AND LIVESTOCK CAREERS.
IN AN EFFORT TO LEND SUPPORT TO NEIGHBORS, MFBF MAKES DONATIONS TO RECOVERY EFFORTS ASSOCIATED WITH MAJOR DISASTER THAT MAY OCCUR WITHIN THE STATE EACH YEAR, IN HOPES TO HELP WITH THE DEVASTATING IMPACT ON THE COUNTIES THAT ARE AFFECTED BY NATURAL DISASTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Mccormick President | OfficerTrustee | 2 | $0 |
Reggie Magee Vice President | OfficerTrustee | 1 | $0 |
Kent Bloodworth Secretary | OfficerTrustee | 1 | $0 |
Brent Wilson Treasurer | OfficerTrustee | 2 | $0 |
Hugh Beckham Director | Trustee | 1 | $0 |
Lonnie Fortner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $95,004 |
| Related organizations | $0 |
| Government grants | $94,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,227,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,417,209 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,428,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,775 |
| 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 | $7,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $638,733 |
| Office expenses | $433 |
| Information technology | $1,800 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,929 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $833,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,540,540 |
| Savings and temporary cash investments | $0 |
| 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 | $275,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,815,540 |
| Accounts payable and accrued expenses | $2,803,825 |
| Grants payable | $0 |
| Deferred revenue | $7,200 |
| 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 | $2,811,025 |
| Net assets without donor restrictions | $973,403 |
| Net assets with donor restrictions | $31,112 |
| 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 | $3,815,540 |
Grants Awarded
Over the last fiscal year, Mississippi Farm Bureau Foundation & Relief Fund Inc has awarded $139,275 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Mississippi State, MS PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $60,000 |
Jackson, MS PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $50,000 |
Jackson, MS PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $19,275 |
Louisville, KY PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Firstline Schools Inc New Orleans, LA | $25,158,781 | $60,437,770 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |
Education Explosion Inc Baker, LA | $3,387,408 | $6,209,452 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Voices For International Business & Education New Orleans, LA | $1,902,428 | $5,951,946 |