Goodhue County Farm Bureau Association is located in Owatonna, MN. The organization was established in 1952. 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. Goodhue County Farm Bureau Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2020, Goodhue County Farm Bureau Association generated $18.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $9.2k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROVIDE INFORMATION TO MEMBERS ON CURRENT AGRICULTURAL ISSUES THROUGH NEWSLETTERS, MEETINGS, ETC.
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
| Keith Allen Director | 0 | $0 | |
| Ted Brenny Sec/treas | 0 | $0 | |
| Bob Shepard Director | 0 | $0 | |
| Morgan Allen Director | 0 | $0 | |
| David Lohmann Director | 0 | $0 | |
| Jerry Clemenson Director | 0 | $0 | 
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,150 | 
| Total Program Service Revenue | $0 | 
| Membership dues | $10,658 | 
| Investment income | $7,110 | 
| Gain or Loss | $0 | 
| Net Income from Gaming & Fundraising | $0 | 
| Other Revenue | $0 | 
| Total Revenue | $18,918 | 
| Statement of Expenses | |
|---|---|
| Total expenses | $9,153 | 
| Balance Sheet | |
|---|---|
| Total assets | $138,528 | 
| Total liabilities | $0 | 
| Net assets or fund balances | $138,528 |