New Jersey Farm Bureau
- Assets
- $16.3m
- Revenue
- $1.1m
- Investments
- $626.9k
- Employees
- 18
- Location
- Trenton, NJ
- Founding
- 02/1942
- Data as of
- 10/2023
- EIN
- 21-0524125
Organization Overview
New Jersey Farm Bureau is located in Trenton, NJ. The organization was established in 1942. 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, New Jersey Farm Bureau employed 18 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. New Jersey 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, New Jersey Farm Bureau generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $2.0m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. 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
PROTECTING AND ADVANCING THE INTERESTS OF FARM PEOPLE THROUGH THE DEVELOPMENT AND IMPLEMENTATION OF SOUND POLICICES ON PUBLIC ISSUES RELATED TO AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES PROVIDED TO GENERAL MEMBERSHIP FOR THE PURPOSE OF PROTECTION & ADVANCING THE INTERESTS OF FARM PEOPLE THROUGH THE DEVELOPMENT & IMPLEMENTATION OF SOUND POLICIES ON PUBLIC ISSUES RELATED TO AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Furey Executive Director | Trustee | 40 | $126,992 |
Allen Carter President | OfficerTrustee | 30 | $15,625 |
Ryck Suydam President | OfficerTrustee | 30 | $65,292 |
Jim Etsch 1st Vice President | OfficerTrustee | 10 | $10,000 |
Gary Defelice 2nd Vice President | OfficerTrustee | 10 | $1,563 |
Steve Jany Treasurer | OfficerTrustee | 10 | $8,125 |
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 | $761,879 |
| Investment income | $735,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,329 |
| Net Gain/Loss on Asset Sales | -$440,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,067,207 |
| 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. | $227,597 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,974 |
| Pension plan accruals and contributions | $56,672 |
| Other employee benefits | $81,734 |
| Payroll taxes | $76,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,665 |
| Fees for services: Accounting | $33,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $63,356 |
| Fees for services: Other | $92,816 |
| Advertising and promotion | $31,434 |
| Office expenses | $7,962 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,314 |
| Travel | $71,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $109,581 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,508 |
| Insurance | $0 |
| All other expenses | $147,057 |
| Total functional expenses | $1,955,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,270 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $220,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $97,763 |
| Net Land, buildings, and equipment | $146,743 |
| Investments—publicly traded securities | $14,986,091 |
| Investments—other securities | $626,927 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,948 |
| Total assets | $16,313,023 |
| Accounts payable and accrued expenses | $19,885 |
| Grants payable | $0 |
| Deferred revenue | $373,768 |
| 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 | $967,928 |
| Total liabilities | $1,361,581 |
| Net assets without donor restrictions | $14,951,442 |
| 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 | $16,313,023 |