Morehouse Farm Bureau Inc
- Assets
- $300.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 06/1969
- Data as of
- 12/2022
- EIN
- 72-0645462
Organization Overview
Morehouse Farm Bureau Inc is located in Baton Rouge, LA. The organization was established in 1969. 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. Morehouse 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, Morehouse Farm Bureau Inc generated $152.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $155.4k during the year ending 12/2022. While expenses have increased by 5.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
A MEMBERSHIP ORGANIZATION FORMED FOR THE PROMOTION AND PROTECTION OF AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damian Bollich President | 0.27 | $0 | |
Sam Little Vice President | 0.27 | $0 | |
Tommy Rankin Secretary | 0.27 | $0 | |
Nolan Clark Board Member | 0.27 | $0 | |
Mike Costello Board Member | 0.27 | $0 | |
Boyd Holley Board Member | 0.27 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,042 |
| Total Program Service Revenue | $335 |
| Membership dues | $71,921 |
| Investment income | $2,771 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $64,737 |
| Total Revenue | $152,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $771 |
| Salaries, other compensation, and employee benefits | $84,070 |
| Professional fees and other payments to independent contractors | $1,073 |
| Occupancy, rent, utilities, and maintenance | $20,818 |
| Printing, publications, postage, and shipping | $817 |
| Other expenses | $47,826 |
| Total expenses | $155,375 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $195,456 |
| Other assets | $0 |
| Total assets | $300,137 |
| Total liabilities | $44,053 |
| Net assets or fund balances | $256,084 |