Farm Credit Council
- Assets
- $26.3m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Washington, DC
- Founding
- 03/1984
- Data as of
- 12/2021
- EIN
- 52-1275264
Organization Overview
Farm Credit Council is located in Washington, DC. The organization was established in 1984. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Farm Credit Council employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Credit Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Farm Credit Council generated $9.6m 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 (6.3%) each year. All expenses for the organization totaled $10.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) 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
REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF COOPERATIVE FARM LENDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONITORING AND INFORMING MEMBERS OF PROPOSED LEGISLATION BEFORE FEDERAL OR STATE LEGISLATIVE BODIES OF PROPOSED ACTIONS, POLICIES, RULINGS, OR REGULATIONS OF ANY FEDERAL OR STATE AGENCY OR ADMINISTRATIVE BODY, AND OF ANY OTHER MATTERS, WHICH MAY AFFECT THE SYSTEM.
PRESENTING THE VIEWS OF ITS MEMBERS TO FEDERAL OR STATE LEGISLATORS, REGULATORY OFFICIALS, OTHER GOVERNMENT OFFICIALS, AND THE PUBLIC ON MATTERS WHICH MAY AFFECT THE SYSTEM.
PROVIDING IMPROVED COMMUNICATION AMONG ITS MEMBERS AND BETWEEN ITS MEMBERS AND THE PUBLIC, INCLUDING THE COLLECTION OF INFORMATION FROM AND THE DISTRIBUTION OF INFORMATION TO ITS MEMBERS AND THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Todd Van Hoose President & CEO | Officer | 40 | $938,523 |
William Jeffry Shipp Executive VP - Government Affairs | Officer | 40 | $536,099 |
Deborah Garrett Wing Executive VP - Communications | Officer | 40 | $395,655 |
Robert Boone III Senior Vp, Reg Affairs & General Counsel | Officer | 40 | $374,965 |
Gary Matteson Senior Vp, Beg Farmer Prog Outreach | Officer | 40 | $299,924 |
Jeanette Mesirow Senior Vp, Government Affairs | Officer | 40 | $232,444 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leading Authorities Event Planning | 12/30/19 | $263,028 |
Majority Strategies Llc Advocacy | 12/30/19 | $156,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,354,698 |
| Investment income | $168,242 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,926 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,583,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,808,821 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $804,460 |
| Pension plan accruals and contributions | $129,430 |
| Other employee benefits | $158,451 |
| Payroll taxes | $245,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $141,452 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,263 |
| Fees for services: Other | $1,208,208 |
| Advertising and promotion | $0 |
| Office expenses | $87,579 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $226,290 |
| Travel | $919,585 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $475,979 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,368 |
| Insurance | $6,758 |
| All other expenses | $24,477 |
| Total functional expenses | $10,272,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,841,699 |
| Savings and temporary cash investments | $263,695 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,638 |
| 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 | $257,966 |
| Net Land, buildings, and equipment | $363,918 |
| Investments—publicly traded securities | $6,707,953 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,743,634 |
| Total assets | $26,254,503 |
| Accounts payable and accrued expenses | $2,980,402 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,521,588 |
| Total liabilities | $5,501,990 |
| Net assets without donor restrictions | $20,752,513 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,254,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Marketplace Inc Arlington, VA | $65,228,565 | $28,864,637 |
U S Grains Council Washington, DC | $32,884,401 | $25,401,517 |
Good Food Institute Inc Arlington, VA | $59,697,609 | $43,468,835 |
U S Wheat Associates Inc Arlington, VA | $10,059,888 | $16,530,559 |
Croplife America Arlington, VA | $12,856,651 | $16,559,084 |
Farm Credit Council Washington, DC | $26,254,503 | $9,583,866 |
International Dairy Foods Association Washington, DC | $19,193,960 | $9,213,468 |
Fertilizer Institute Arlington, VA | $18,942,460 | $8,038,493 |
United Fresh Produce Association Washington, DC | $12,439,759 | $7,316,558 |
Council For Responsible Nutrition Washington, DC | $3,435,827 | $6,857,561 |
American Society For Nutrition Inc Rockville, MD | $12,388,621 | $7,002,312 |
Snac International Arlington, VA | $7,767,502 | $4,045,674 |