Alabama Farmers Agriculture Foundation
- Assets
- $50.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, AL
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-1292103
Organization Overview
Alabama Farmers Agriculture Foundation is located in Rockford, AL. The organization was established in 2011. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alabama Farmers Agriculture Foundation 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 12/2021, Alabama Farmers Agriculture Foundation generated $20.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (36.4%) each year. All expenses for the organization totaled $19.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Alabama Farmers Agriculture Foundation has awarded 19 individual grants totaling $590,379. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S SPECIFIC MISSION SHALL BE AS FOLLOWS:A. TO SUPPORT AND ADVANCE AGRICULTURE IN THE STATE OF ALABAMA THROUGH EDUCATION AND RESEARCH, TO INCREASE AWARENESS OF AGRICULTURE IN THE STATE OF ALABAMA THROUGH PUBLIC PROGRAMS AND ACTIVITIES, TO IMPROVE AND EXPAND AGRICULTURAL SERVICES AND PRODUCTS FOR THE BENEFIT OF THE CITZENS OF THE STATE OF ALABAMA, AND TO ESTABLISH AND MAINTAIN HIGH STANDARDS IN AGRICULTURE;B. TO RECEIVE, HOLD AND ADMINISTER GIFTS, CONTRIBUTIONS, BEQUESTS, DEVICES, AND OTHER FUNDS FROM ALL SOURCES AND TO DISBURSE AND EXPEND SUCH FUNDS IN SUPPORT OF THE FOUNDATION'S PURPOSES DESCRIBED HEREIN;C. TO RECEIVE GRANTS FROM GOVERNMENTAL AGENCIES, PRIVATE INDIVIDUALS, AND OTHER SOURCES AND TO DISBURSE AND EXPEND SUCH GRANTS IN SUPPORT OF THE FOUNDATION'S PURPOSES DESCRIBED HEREIN; D. TO MAKE GIFTS AND DISTRIBUTIONS OF EVERY TYPE AND DESCRIPTION FOR THE PURPOSES DESCRIBED HEREIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURAL SCHOLARSHIPS FOR HIGH SCHOOL GRADUATES WISHING TO PURSUE A CAREER IN AGRICULTURE OR AGRICULTURE-RELATED FIELDS.
AGRICULTURE EDUCATIONAL PROGRAMS DESIGNED TO PROMOTE AGRICULTURAL LITERACY IN ALABAMA SCHOOLS GRADES K-12 AND EDUCATE THE PUBLIC AND RAISE AWARENESS OF ISSUES SURROUNDING AGRICULTURE.
SUPPORT OF AGRICULTURE EVENTS AND SHOWS
GRANTS TO ASSIST VICTIMS OF HURRICANE SALLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Pinyan Vice President | OfficerTrustee | 2 | $0 |
Jimmy Parnell President | OfficerTrustee | 2 | $0 |
Phillip Johns Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Rhonda Hughes Director | Trustee | 1 | $0 |
Lester Killebrew Director | Trustee | 1 | $0 |
Keith Mccurdy Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $269,929 |
| Membership dues | $20,324 |
| Investment income | $63 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,387 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $199,500 |
| Benefits paid to or for members | $16,482 |
| Salaries, other compensation, and employee benefits | $1,200 |
| Professional fees and other payments to independent contractors | $325 |
| Occupancy, rent, utilities, and maintenance | $1,742 |
| Printing, publications, postage, and shipping | $79 |
| Other expenses | $1,919,959 |
| Total expenses | $19,828 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,613 |
| Other assets | $0 |
| Total assets | $50,613 |
| Total liabilities | $15,824 |
| Net assets or fund balances | $50,613 |
Grants Awarded
Over the last fiscal year, Alabama Farmers Agriculture Foundation has awarded $93,607 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: SCHOLARSHIP ASSISTANCE | $83,607 |
AUBURN UNIVERSITY PURPOSE: GENERAL ASSISTANCE | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alabama Farmers Agriculture Foundation has recieved totaling $19,250.
| Awarding Organization | Amount |
|---|---|
Madison County Farmers Federation New Market, AL PURPOSE: TO AID THE ALABAMA FARMERS AGRICULTURE FOUNDATION IN PROTECTING AND IMPROVING THE ABILITY OF FARMERS ENGAGED IN PRODUCTION AGRICULTURE TO PROVIDE A RELIABLE SUPPLY OF FOOD THROUGH RESPONSIBLE STEWARDSHIP OF ALABAMA'S RESOURCES | $19,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia 4-H Club Foundation Cooperative Extension Ser Athens, GA | $9,034,027 | $3,205,781 |
Alabama 4h Club Foundation Inc Auburn University, AL | $23,617,092 | $3,427,576 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
The Florida Future Farmers Of America Foundation Incorporated Haines City, FL | $3,273,368 | $1,387,882 |
Arrowhead Ranch Inc Normandy, TN | $228,949 | -$668,715 |
Florida 4-H Club Foundation Inc Gainesville, FL | $3,993,306 | $976,659 |
Future Farmers Of America And Its State Associations & Local Chapter Athens, GA | $253,364 | $1,029,563 |
The Georgia Ffa Foundation Inc Swainsboro, GA | $1,470,155 | $1,228,156 |
Future Farmers Of America Florida State Organization Gainesville, FL | $727,461 | $858,659 |
Future Farmers Of America State Nashville, TN | $3,810,868 | $945,076 |
Okeechobee Youth Livestock Show Inc Okeechobee, FL | $97,303 | $540,934 |
Family Career And Community Leaders Of America Inc Bogart, GA | $457,409 | $390,905 |