Florida Farm Bureau Federation Inc
- Assets
- $879.0k
- Revenue
- $233.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 07/1966
- Data as of
- 06/2024
- EIN
- 59-0674589
Organization Overview
Florida Farm Bureau Federation Inc is located in Ocala, FL. The organization was established in 1966. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Florida Farm Bureau Federation 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 06/2024, Florida Farm Bureau Federation Inc generated $233.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $178.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE NET INCOME OF FARMERS AND RANCHERS AND TO IMPROVE THE QUALITY OF RURAL LIFE AND WORK FOR THE BETTERMENT OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARION COUNTY FARM BUREAU HAS ORGANIZED AND SPONSORED THE AG VENTURES PROGRAM DURING THE SOUTHEASTERN YOUTH FAIR FOR 14 YEARS. MORE THAN 1,100 SECOND GRADE STUDENTS PARTICIPATED DURING THE 3 DAYS AND WELL OVER ONE THOUSAND PEOPLE VISIT THE AG VENTURES TENT ON SELF-GUIDED TOURS THROUGHTOUT THE WEEK. THE AG VENTURE TENT DISPLAYS INFORMATION ABOUT THE IMPORTANCE OF AGRICULTURE. STUDENTS ARE PRESENTED WITH 12 EDUCATIONAL STATIONS THAT PROVIDED INTERACTIVE LEARNING ON VARIOUS COMMODITIES INCLUDING BLUEBERRIES, GOATS, RABBITS, CITRUS, FORESTRY, POULTRY, BEEF, EQUINE, HONEY BEES, ROW CROPS, AND PEANUTS.
MARION COUNTY FARM BUREAU IS PART OF A FARM CITY WEEK COALITION THAT PLANS AND HOSTS SEVERAL ACTIVITIES FOR THE GENERAL PUBLIC DURING FARM CITY WEEK. ACTIVITIES INCLUDE A PHOTO CONTEST, OPEN HOUSE AND FARM TOURS, AND A MARION COUNTY AG HALL OF FAME BANQUET. FARM CITY WEEK IS CELEBRATED ANNUALLY TO REMIND EVERYONE OF THE INTERDEPENDENCY OF FOOD PRODUCERS, AND CONSUMERS, AS WELL AS THOSE WHO PROCESS, PACKAGE, TRANSPORT AND RETAIL FOOD.
MARION COUNTY FARM BUREAU READ TO APPROXIMATELY 2,000 STUDENTS DURING AGRICULTURE LITERACY DAY. WE PARTNER WITH UF/IFAS, UF CALS GRADUATE STUDENTS, FFA STUDENTS AND ADVISORS, ELECTED OFFICIALS AND OTHER VOLUNTEERS TO READ AN AGE APPROPRIATE BOOK FOCUSED ON THE IMPORTANCE OF FARMING AND AGRICULTURE IN FLORIDA AND OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel B Love Jr Director | Trustee | 2 | $0 |
James A Boyer President | Officer | 3 | $0 |
Russell Randall Director | Trustee | 2 | $0 |
James C Lefils Jr Treasurer | Officer | 2 | $0 |
Joseph M O'farrell Director | Trustee | 2 | $0 |
Christine Damron Secretary | Officer | 1 | $0 |
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 | $197,842 |
| Investment income | $24,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,825 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $233,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,825 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $750 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,029 |
| Office expenses | $53 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,184 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,999 |
| Insurance | $110 |
| All other expenses | $2,472 |
| Total functional expenses | $177,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,867 |
| Savings and temporary cash investments | $583,442 |
| 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 | $5,154 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $101,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $104,869 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $878,997 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $878,997 |
| Total liabilities and net assets/fund balances | $878,997 |