Virginia Poultry Federation Inc
- Assets
- $750.8k
- Revenue
- $391.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Harrisonburg, VA
- Founding
- 09/1992
- Data as of
- 06/2022
- EIN
- 54-0421213
Organization Overview
Virginia Poultry Federation Inc is located in Harrisonburg, VA. The organization was established in 1992. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Virginia Poultry Federation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Poultry Federation Inc 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 06/2022, Virginia Poultry Federation Inc generated $391.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $330.5k during the year ending 06/2022. While expenses have increased by 4.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A POSITIVE BUSINESS CLIMATE FOR VIRGINIA POULTRY INDUSTRY THROUGH GOVERNMENT/PUBLIC RELATIONS, YOUTH PROGRAMS, MEMBERSHIP SERVICES & EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISSUED PERIODIC NEWSLETTER TO ABOUT 700 MEMBERS AND INDUSTRY FRIENDS ON LEGISLATIVE, REGULATORY AND OTHER ISSUES AFFECTING THEM.
SUPPORTED POULTRY YOUTH EDUCATIONAL PROGRAMS. PROVIDED FINANCIAL AID TO 4 COLLEGE STUDENTS MAJORING IN POULTRY SCIENCE.
EDUCATED THE PUBLIC ABOUT THE POULTRY INDUSTRY AND POULTRY PRODUCTS THROUGH THE ORGANIZATION'S WEBSITE, THE NEWS MEDIA, AND VARIOUS PUBLIC SPEAKING VENUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant Martin Director | Trustee | 0.2 | $0 |
Doug Baxter Secretary | OfficerTrustee | 0.5 | $0 |
Andrew Friedman Director | Trustee | 0.2 | $0 |
Dennis Wenger Director | Trustee | 0.2 | $0 |
Neal Snoddy Treasurer | OfficerTrustee | 0.5 | $0 |
Graham Nesselrodt Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $182,999 |
| Fundraising events | $33,946 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,809 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,754 |
| Total Program Service Revenue | $0 |
| Investment income | $17,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $86,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,440 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,557 |
| Grants and other assistance to domestic individuals. | $5,225 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,648 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $10,722 |
| Other employee benefits | $599 |
| Payroll taxes | $25,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,475 |
| Fees for services: Accounting | $3,818 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,919 |
| Fees for services: Other | $25 |
| Advertising and promotion | $850 |
| Office expenses | $4,691 |
| Information technology | $5,759 |
| Royalties | $0 |
| Occupancy | $6,241 |
| Travel | $5,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,222 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,876 |
| Insurance | $0 |
| All other expenses | $398 |
| Total functional expenses | $330,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,207 |
| Savings and temporary cash investments | $7,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $4,242 |
| Investments—publicly traded securities | $670,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,294 |
| Total assets | $750,839 |
| Accounts payable and accrued expenses | $8,759 |
| Grants payable | $0 |
| Deferred revenue | $66,110 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $158 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $75,027 |
| Net assets without donor restrictions | $675,812 |
| 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 | $750,839 |
Grants Awarded
Over the last fiscal year, Virginia Poultry Federation Inc has awarded $21,864 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA DEPARTMENT OF CONSERVATION AND RECREATION PURPOSE: POULTRY LITTER TRANSPORT INCENTIVE PROGRAM | $13,864 |
ROCKINGHAM COUNTY FAIR ASSOCIATION PURPOSE: POULTRY EXHIBIT BUILDING | $8,000 |