Lake County Farm Bureau Inc
- Assets
- $140.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Royalton, OH
- Founding
- 10/1950
- Data as of
- 11/2023
- EIN
- 34-0871237
Organization Overview
Lake County Farm Bureau Inc is located in North Royalton, OH. The organization was established in 1950. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake County Farm Bureau Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2023, Lake County Farm Bureau Inc generated $94.4k 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 (10.9%) each year. All expenses for the organization totaled $84.4k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE RURAL STANDARD OF LIVING.
Describe the Organization's Program Activity:
Part 3
BENEFITS PAID TO OR FOR MEMBERS - THIS IS PAID MEMBERSHIPS TO THE OHIO FARM BUREAU FEDERATION AND TO AMERICAN FARM BUREAU TO FURTHER THEIR EFFORTS IN PROGRAMING AND PROMOTING THE FARMING COMMUNITY.
POSTAGE - NEWSLETTER, PROMOTIONAL AND MARKETING OF FARM ISSUES AND CURRENT EVENTS.
PROGRAMS - COST OF PROMOTING FARM BUREAU AND ITS MISSION. PROMOTION OF FARM BUREAU PROGRAMS AND EVENTS IN ORDER TO EDUCATE THE FARMER AND CONSUMER IN CURRENT FARMING AND FOOD ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Bly Secretary | 1 | $100 | |
Ted Clutter Treasurer | 1 | $100 | |
Eric Cotton Trustee | 1 | $200 | |
Todd Demshar Vice President | 1 | $100 | |
Donald Jacobson Trustee | 1 | $100 | |
Hannah Lucic Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,819 |
| Membership dues | $62,264 |
| Investment income | $4,150 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,118 |
| Total Revenue | $94,351 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $47,311 |
| Salaries, other compensation, and employee benefits | $8,692 |
| Professional fees and other payments to independent contractors | $23 |
| Occupancy, rent, utilities, and maintenance | $3,890 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,494 |
| Total expenses | $84,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,631 |
| Other assets | $0 |
| Total assets | $140,502 |
| Total liabilities | $9,271 |
| Net assets or fund balances | $131,231 |