Meklenburg County Farm Bureau
- Assets
- $266.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boydton, VA
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 54-0541856
Organization Overview
Meklenburg County Farm Bureau is located in Boydton, VA. The organization was established in 1972. 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. Meklenburg 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 12/2023, Meklenburg County Farm Bureau generated $120.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $105.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AN ORGANIZATION OF PERSONS INTERESTED IN AGRICULTURE AND THE BETTERMENT OF AGRICULTURAL EDUCATION, ECONOMIC OPPORTUNITY, AND SOCIAL ADVANCEMENT.
Describe the Organization's Program Activity:
Part 3
PUBLIC AFFAIRS- WE PROVIDE INFORMATION TO MEMBERS REGARDING COMMON PROBLEMS AFFECTED BY LOCAL, STATE AND FEDERAL LEGISLATION.
COMMODITIES-WORKING WITH SPECIALLY TRAINED STATE FARM BUREAU EMPLOYEES TO SOLVE COMMON PROBLEMS OF COMMODITY GROUPS WITHIN OUR MEMBERSHIP.
COMMUNICATIONS-DISTRIBUTION OF INFORMATION TO MEMBERS OF THE ORGANIZATION VIA NEWSLETTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Brankley Director | 0.7 | $0 | |
Wylie Farrar Jr Director | 0.6 | $0 | |
Glenn Hudson Director | 0.5 | $0 | |
Zachary Sullivan Secretary/director | 0.8 | $0 | |
James Jennings Ex - President | 1 | $0 | |
Irvin Matthews Treasurer / Director | 1.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,767 |
| Membership dues | $76,793 |
| Investment income | $4,799 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,495 |
| Total Revenue | $120,854 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,317 |
| Salaries, other compensation, and employee benefits | $30,037 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $5,281 |
| Printing, publications, postage, and shipping | $4,443 |
| Other expenses | $61,960 |
| Total expenses | $105,138 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,390 |
| Other assets | $0 |
| Total assets | $266,365 |
| Total liabilities | $23,989 |
| Net assets or fund balances | $242,376 |