Isle Of Wight County Farm Bureau Inc
- Assets
- $143.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Windsor, VA
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 54-6047259
Organization Overview
Isle Of Wight County Farm Bureau Inc is located in Windsor, VA. The organization was established in 1968. 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. Isle Of Wight County Farm Bureau Inc 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, Isle Of Wight County Farm Bureau Inc generated $161.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $139.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) 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 |
|---|---|---|---|
James Leslie Bab III Director | 0.3 | $0 | |
John Thomas Butler III Director | 0.26 | $0 | |
Donald J Byrum Director | 0.25 | $0 | |
Jason R Copeland Director | 0.3 | $0 | |
James E Crocker Director | 0.25 | $0 | |
Steven W Crocker President | 2.05 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $89,320 |
| Investment income | $428 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $72,063 |
| Total Revenue | $161,811 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,574 |
| Salaries, other compensation, and employee benefits | $45,305 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $11,464 |
| Printing, publications, postage, and shipping | $5,972 |
| Other expenses | $67,824 |
| Total expenses | $139,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,264 |
| Other assets | $0 |
| Total assets | $143,541 |
| Total liabilities | $26,375 |
| Net assets or fund balances | $117,166 |