Lorain County Farm Bureau Inc
- Assets
- $625.2k
- Revenue
- $223.5k
- Investments
- $0.0
- Employees
- 0
- Location
- North Royalton, OH
- Founding
- 04/1947
- Data as of
- 06/2021
- EIN
- 34-6527017
Organization Overview
Lorain County Farm Bureau Inc is located in North Royalton, OH. The organization was established in 1947. 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. Lorain 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 06/2021, Lorain County Farm Bureau Inc generated $223.5k 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 (8.4%) each year. All expenses for the organization totaled $146.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE RURAL STANDARDS OF LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS PAID TO OR FOR MEMBERS - THIS IS PAID MEMBERSHIPS TO OHIO FARM BUREAU AND TO AMERICAN FARM BUREAU TO FUTHER THEIR EFFORTS IN PROGRAMMING AND PROMOTING THE FARMING COMMUNITY.
POSTAGE - 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.
CONFERENCES, CONVENTIONS AND MEETINGS - EDUCATION OF VOLUNTEERS FOR THE PROMOTING AND MARKETING OF FARM ISSUES AND CURRENT EVENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Grimm President | OfficerTrustee | 1 | $125 |
Lois Mcdowell Secretary | OfficerTrustee | 1 | $125 |
Joyce Ziegler Trustee | Trustee | 1 | $125 |
Elizabeth Merrill Trustee | Trustee | 1 | $125 |
Jason Schriver Vice President | Trustee | 1 | $125 |
Jessika Fye Treasurer | OfficerTrustee | 1 | $100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $126,171 |
| Investment income | $84,474 |
| 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 | $223,475 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $101,538 |
| Compensation of current officers, directors, key employees. | $2,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,642 |
| 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 | $100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $122 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,780 |
| Travel | $1,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,083 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $250 |
| All other expenses | $0 |
| Total functional expenses | $146,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,004 |
| Savings and temporary cash investments | $524,522 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $88 |
| 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 | $1,615 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $625,229 |
| Accounts payable and accrued expenses | $160 |
| Grants payable | $0 |
| Deferred revenue | $39,582 |
| 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 | $1,215 |
| Total liabilities | $40,957 |
| 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 |
| Total liabilities and net assets/fund balances | $584,272 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegan County Agricultural Society Allegan, MI | $6,554,669 | $2,889,339 |
Ohio Ecological Food And Farm Association Certification Columbus, OH | $723,448 | $1,998,099 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Producers Livestock Credit Assoc Columbus, OH | $13,618,291 | $3,463,725 |
Shiawassee County Agricultural Society Fairgrounds Corunna, MI | $378,234 | $1,529,003 |
Ohio Corn & Wheat Growers Assoc Delaware, OH | $2,239,785 | $1,312,659 |
Lapeer County Agricultural Society Imlay City, MI | $2,905,187 | $1,396,665 |
Saginaw County Agricultural Society Chesaning, MI | $2,433,080 | $855,880 |
Grange Acres Non Profit Housing Corporation Lansing, MI | $4,437,126 | $588,851 |
Pennsylvania Farm Bureau Camp Hill, PA | $1,861,154 | $698,058 |
Giving Tree Farm Inc Lansing, MI | $813,307 | $688,798 |
Association Of Specialty Cut Flower Growers Inc Oberlin, OH | $784,613 | $698,418 |