Lapeer County Farm Bureau
- Assets
- $240.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lapeer, MI
- Founding
- 09/1946
- Data as of
- 08/2023
- EIN
- 38-1364297
Organization Overview
Lapeer County Farm Bureau is located in Lapeer, MI. The organization was established in 1946. 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. Lapeer 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 08/2023, Lapeer County Farm Bureau generated $143.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $134.6k during the year ending 08/2023. While expenses have increased by 0.8% per year over the past 5 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 |
|---|---|---|---|
Elizabeth Beach Secretarytreasurer | 40 | $58,371 | |
Tiffany Howell President | 2 | $180 | |
Michelle Peel Vice President | 2 | $140 | |
Scott Wetherford President | 2 | $180 | |
Matthew Newbegin Young Farmer Representative | 1 | $140 | |
Natalie Holbrook Young Farmer Representative | 1 | $60 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $72,490 |
| Investment income | $6,526 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $62,607 |
| Total Revenue | $142,973 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,731 |
| Professional fees and other payments to independent contractors | $425 |
| Occupancy, rent, utilities, and maintenance | $24,788 |
| Printing, publications, postage, and shipping | $126 |
| Other expenses | $49,524 |
| Total expenses | $134,594 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $175,262 |
| Other assets | $0 |
| Total assets | $240,094 |
| Total liabilities | $0 |
| Net assets or fund balances | $240,094 |