Farm Bureau Federation Mississippi
- Assets
- $313.0k
- Revenue
- $187.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Booneville, MS
- Founding
- 04/1960
- Data as of
- 10/2022
- EIN
- 64-6025255
Organization Overview
Farm Bureau Federation Mississippi is located in Booneville, MS. The organization was established in 1960. 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 10/2022, Farm Bureau Federation Mississippi employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Farm Bureau Federation Mississippi is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Farm Bureau Federation Mississippi generated $187.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $160.3k during the year ending 10/2022. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
ECONOMIC, SOCIAL AND EDUCATION INTEREST OF FARMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUES ARE PAID TO MISSISSIPPI FARM BUREAU FEDERATION TO AID THE FARMERS IN EDUCATIONAL PROGRAMS
TO PROMOTE ECONOMIC, SOCIAL AND EDUCATIONAL INTEREST OF FARMERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sammy J Mccoy Vice Preside | OfficerTrustee | $0 | |
Charles Smart President | OfficerTrustee | $0 | |
Richard Tollison Secretary/tr | OfficerTrustee | $0 | |
Trey Caveness Director | Trustee | $0 | |
Travis Childers Director | Trustee | $0 | |
Miles C Cox Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $51,221 |
| 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 | $51,221 |
| Total Program Service Revenue | $0 |
| Investment income | $433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $187,858 |
| 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 | $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 | $70,536 |
| Pension plan accruals and contributions | $2,001 |
| Other employee benefits | $1,500 |
| Payroll taxes | $7,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,682 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,297 |
| Office expenses | $1,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,134 |
| Travel | $1,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,350 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,690 |
| Insurance | $0 |
| All other expenses | $9,593 |
| Total functional expenses | $160,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,086 |
| Savings and temporary cash investments | $100,943 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20 |
| Total assets | $313,012 |
| Accounts payable and accrued expenses | $994 |
| 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 | $4,314 |
| Total liabilities | $5,308 |
| Net assets without donor restrictions | $307,704 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $313,012 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Crop Improvement Association Inc Headland, AL | $6,364,411 | $3,074,944 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |
Rutherford County Farm Bureau Murfreesboro, TN | $819,491 | $805,370 |
Davidson County Farm Bureau Nashville, TN | $1,712,870 | $862,870 |
Blount County Farm Bureau Maryville, TN | $1,254,814 | $713,407 |
Shelby County Farm Bureau Memphis, TN | $643,471 | $678,632 |
Sullivan Farm Bureau Blountville, TN | $1,250,644 | $605,855 |
Williamson Farm Bureau Franklin, TN | $1,863,310 | $641,408 |
Hamilton County Farm Bureau Ooltewah, TN | $901,182 | $553,888 |
Washington County Farm Bureau Jonesborough, TN | $714,351 | $532,276 |
Maury County Farm Bureau Columbia, TN | $1,698,159 | $604,224 |