Monroe County Farm Bureau Inc
- Assets
- $386.6k
- Revenue
- $189.8k
- Investments
- $106.3k
- Employees
- 0
- Location
- Madisonville, TN
- Founding
- 04/1968
- Data as of
- 12/2022
- EIN
- 62-0483055
Organization Overview
Monroe County Farm Bureau Inc is located in Madisonville, TN. 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. Monroe 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 12/2022, Monroe County Farm Bureau Inc generated $189.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $197.6k during the year ending 12/2022. While expenses have increased by 3.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZED TO DEVELOP, FOSTER, PROMOTE, & PROTECT PROGRAMS FOR THE GENERAL WELFARE INCLUDING ECONOMIC, SOCIAL, & POLITICAL WELL BEING OF FARM PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY PROGRAMS IN ORDER TO PROTECT & PROMOTE THE AGRICULTURE INDUSTRY THE MONROE CO FARM BUREAU THROUGH ITS STRUCTURE OF VOLUNTEER LEADERS SUPPORTS PUBLIC POLICY EFFORTS AT THE LOCAL, STATE & NATIONAL LEVEL. THIS IS ACCOMPLISHED THROUGH BOTH LEGISLATIVE & REGULATORY MONITORING COMMUNICATIONS WITH MEMBERS & PUBLIC AWARENESS PROGRAMS ABOUT FARMING & RURAL LIFE & PROVIDE INFORMATION ABOUT THE AGRICULTURE INDUSTRY. VOLUNTEER BOARD MEMBERS PARTICIPATE IN THE SPONSORSHIP OF MEET THE CANDIDATE ACTIVITIES & YEARLY POLICY MEETINGS WITH THEIR LEGISLATORS TO EDUCATE THEM ABOUT AG POLICY & HOW THE INDUSTRY IS IMPACTED BY LAWMAKERS.
AGRICULTURE LEADERSHIP ACTIVITIES THE MONROE COUNTY FARM BUREAU STRUCTURE OF ORGANIZATIONAL LEADERSHIP PROVIDES MANY OPPORTUNITIES FOR MEMBER LEADERS TO KEEP ABREAST OF ISSUES THAT AFFECT AGRICULTURE. LOCAL BOARD MEMBERS ATTEND ORGANIZATIONAL & EDUCATIONAL MEETINGS EACH MONTH. THEY PARTICIPATE IN OTHER LOCAL AGRICULTURAL, CIVIC, & COMMUNITY ORGANIZATIONS. LEADERS ATTEND DISTRICT, STATE & NATIONAL CONFERENCES TO NETWORK WITH FARMERS & OTHER AGRICULTURALISTS TO LEARN ABOUT CURRENT ISSUES FACING AGRICULTURE. A HIGHLY DEVELOPED COMMITTEE STRUCTURE PROVIDES LEADERSHIP OPPORTUNITIES FOR MEMBERS THROUGH MEETINGS, REGULAR COMMUNICATIONS, AND AGRICULTURAL ACTIVITIES.
YOUTH LEADERSHIP DEVELOPMENT THE MONROE COUNTY FARM BUREAU IS A PRIMARY SPONSOR OF THE COUNTY'S 4-H AND FFA ORGANIZATIONS. THESE ORGANIZATIONS ARE THE LIFEBLOOD OF FUTURE AGRICULTURE LEADERS IN THE COUNTY. THE MONROE COUNTY FARM BUREAU ALSO SPONSORS SCHOLORSHIPS FOR YOUTH IN THE COUNTY WHO PLAN ON MAJORING IN AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mills Vice President | Officer | 1.5 | $0 |
Sherri Lay Secretary | Officer | 1.5 | $0 |
Jerry Barr President | Officer | 2 | $0 |
Bryan Beason Director | Trustee | 1 | $0 |
Bill Shadden Director | Trustee | 1 | $0 |
Edwin Summitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $185,218 |
| Fundraising events | $500 |
| 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 | $185,718 |
| Total Program Service Revenue | $0 |
| Investment income | $1,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,539 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,830 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,751 |
| 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 | $4,268 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,023 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,060 |
| Advertising and promotion | $2,137 |
| Office expenses | $8,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,959 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,947 |
| Interest | $0 |
| Payments to affiliates | $113,480 |
| Depreciation, depletion, and amortization | $1,944 |
| Insurance | $2,320 |
| All other expenses | $0 |
| Total functional expenses | $197,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,732 |
| Savings and temporary cash investments | $109,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $156,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $106,310 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $386,632 |
| 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 | $386,632 |
| Total liabilities and net assets/fund balances | $386,632 |
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|---|---|---|
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Alabama Crop Improvement Association Inc Headland, AL | $6,364,411 | $3,074,944 |
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 |
Georgia Crop Improvement Association Inc Athens, GA | $2,567,153 | $1,565,826 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
North Carolina Farmworkers Project Inc Benson, NC | $510,721 | $1,216,468 |
Forest Farmers Association Inc Carrollton, GA | $208,453 | $1,112,650 |
North Carolina State Grange Statesville, NC | $23,258,233 | $1,556,538 |