Gallatin County Farm Bureau
- Assets
- $252.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgway, IL
- Founding
- 01/1948
- Data as of
- 06/2024
- EIN
- 37-0664103
Organization Overview
Gallatin County Farm Bureau is located in Ridgway, IL. The organization was established in 1948. 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. Gallatin County 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 06/2024, Gallatin County Farm Bureau generated $126.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $136.1k during the year ending 06/2024. While expenses have increased by 3.6% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hugh David Scates President | 1 | $0 | |
William Raben Secretary | 1 | $0 | |
Richard Noel Treasurer | 1 | $0 | |
Ron Rushing Director | 1 | $0 | |
David Logsden Director | 1 | $0 | |
Don Brockett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,682 |
| Total Program Service Revenue | $0 |
| Membership dues | $18,535 |
| Investment income | $41,979 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $13,205 |
| Total Revenue | $126,251 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $67,074 |
| Professional fees and other payments to independent contractors | $7,500 |
| Occupancy, rent, utilities, and maintenance | $1,721 |
| Printing, publications, postage, and shipping | $3,325 |
| Other expenses | $56,470 |
| Total expenses | $136,090 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $146,440 |
| Other assets | $0 |
| Total assets | $252,198 |
| Total liabilities | $7,526 |
| Net assets or fund balances | $244,672 |