Nansemond County Farm Bureau Inc
- Assets
- $196.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Suffolk, VA
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 54-6059848
Organization Overview
Nansemond County Farm Bureau Inc is located in Suffolk, VA. The organization was established in 1945. 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. Nansemond 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 12/2021, Nansemond County Farm Bureau Inc generated $175.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $158.8k during the year ending 12/2021. While expenses have increased by 2.0% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Williams III Secretary/treasurer | 0.44 | $0 | |
Edwin Dale Holland Director | 0.25 | $0 | |
Monte Walden Jr Vice President | 0 | $0 | |
Ernest Michael Ellis Director | 0 | $0 | |
Richard Gwaltney President | 0.65 | $0 | |
Benny Copeland Director | 0.29 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $58,213 |
| Investment income | $651 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $116,442 |
| Total Revenue | $175,306 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $990 |
| Salaries, other compensation, and employee benefits | $78,332 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $14,669 |
| Printing, publications, postage, and shipping | $8,111 |
| Other expenses | $54,505 |
| Total expenses | $158,807 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $155,013 |
| Other assets | $0 |
| Total assets | $196,789 |
| Total liabilities | $24,574 |
| Net assets or fund balances | $172,215 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Carolina Farm Stewardship Association Pittsboro, NC | $1,471,333 | $921,560 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
National Grange Of The Patrons Of Husbandry Washington, DC | $2,950,053 | $1,535,497 |
National Association Of Wheat Growers Washington, DC | $1,141,115 | $1,489,629 |
North Carolina Farmworkers Project Inc Benson, NC | $510,721 | $1,216,468 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |
Corn Growers Association Of North Carolina Inc Elizabethtown, NC | $2,684,449 | $1,670,852 |
American Association Of Crop Insurers Washington, DC | $761,223 | $894,089 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |