Florida Farm Bureau Federation Inc
- Assets
- $302.9k
- Revenue
- $205.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Pierce, FL
- Founding
- 07/1966
- Data as of
- 06/2023
- EIN
- 59-0830043
Organization Overview
Florida Farm Bureau Federation Inc is located in Fort Pierce, 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. As of 06/2023, Florida Farm Bureau Federation Inc employed 2 individuals. 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 06/2023, Florida Farm Bureau Federation Inc generated $205.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $139.9k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT AND REPRESENT THE EDUCATIONAL, SOCIAL AND BUSINESS INTEREST OF FARMERS IN ST. LUCIE COUNTY AND TO ENHANCE THE FUTURE OF AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CATTLE INDUSTRY IS AN IMPORTANT ECONOMIC DRIVER IN ST LUCIE COUNTY. ST. LUCIE COUNTY FARM BUREAU HELD THE SECOND ANNUAL CATTLE EXTRAVAGANZA. 4-H AND FFA STUDENTS HAD THE OPPORTUNITY TO SHOW THEIR PROJECT AND LEARN VALUABLE LIFE SKILLS SUCH AS A STRONG WORK ETHIC, TIME MANAGEMENT, RESPONSIBILITY, AND DEALING WITH DIFFERENT PERSONALITIES. PROCEEDS FROM THE EVENT WERE USED TO PROVIDE STUDENTS WITH SCHOLARSHIP OPPORTUNITES TO CONTINUE THEIR EDUCATION. WE USED THIS EVENT TO PROMOTE AGRICULTURE AND WORK TOWARDS THE BETTERMENT OF THOSE ENGAGED IN AGRICULTURE.
WE FOSTER AND ENCOURAGE YOUTH INVOLVEMENT IN AGRICULTURE. WE PROMOTE THE SUCCESS OF OUR FUTURE AGRICULTURAL LEADERS BY AWARDING SCHOLARSHIPS TO STUDENTS WHO ARE MAJORING IN AN AGRICULTURE RELATED FIELD.
MINI GRANTS ARE AWARDED TO TEACHERS WHO HAVE AN INTEREST IN INCORPORATING AGRICULTURAL RELATED LESSONS TO THEIR CURRICULUM. THESE GRANTS HELP TEACHERS EXPAND THEIR ONGOING EDUCATIONAL EFFORTS TO BRING AN AWARENESS OF AGRICULTURE TO THE YOUTH IN OUR COUNTY. THE MINI GRANT PROGRAM INCREASES THE LEVEL OF SUPPORT FOR THE VALUE OF AGRICULTURE IN SCHOOLS. GRANTS WERE ISSUED TO TEACHERS IN LOCAL SCHOOLS WITH PROJECTS THAT WOULD INCREASE UNDERSTANDING OF AGRICULTURE AMONG STUDENTS AND TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael L Adams Director | Trustee | 1 | $0 |
Brantley Schirard Jr Director | Trustee | 1 | $0 |
Mark Berggren Director | Trustee | 1 | $0 |
Louis Courtney Forget Director | Trustee | 1 | $0 |
Chester Boudrias Secretary | Officer | 1 | $0 |
Matthew Hamilton Director | Trustee | 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 | $85,823 |
| Investment income | $30 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,388 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $205,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $58,728 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,548 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,982 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,461 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $660 |
| Insurance | $1,484 |
| All other expenses | $455 |
| Total functional expenses | $139,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,367 |
| Savings and temporary cash investments | $108,337 |
| 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 | $155 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $36,085 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,944 |
| Accounts payable and accrued expenses | $1,066 |
| 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 | $1,066 |
| 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 | $301,878 |
| Total liabilities and net assets/fund balances | $302,944 |