Farmers Educational And Cooperative Union Of America is located in Oklahoma City, OK. The organization was established in 2015. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Farmers Educational And Cooperative Union Of America 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, Farmers Educational And Cooperative Union Of America generated $2.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 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
DEVELOP AND ADMINISTER AGRICULTURAL EDUCATION PROGRAMS FOR YOUTH AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OKLAHOMA STATE UNION OF THE FARMERS & COOPERATIVE UNION OF AMERICA, IS ORGANIZED TO FUNCTION AS A GENERAL FARM ORGANIZATION, TO ESTABLISH AND ISSUE CHARTERS TO LOCAL AND COUNTY UNIONS, AND TO PROMOTE THE GENERAL WELFARE OF FARMERS IN THE STATE OF OKLAHOMA. THE DUES PAID TO THE NATIONAL FARMERS UNION (NFU) ALLOW THE ORGANIZATION TO PARTICIPATE IN THE ACTIVITIES OF THE NFU TO FORWARD THE MISSION. THE DUES PAID TO THE COUNTY AND LOCAL ORGANIZATIONS ALLOW THOSE ORGANIZATIONS TO CONTINUE TO FORWARD THE MISSION ON A LOCAL LEVEL. THE 3 MISSION AREAS OF EDUCATION, COOPERATIVES AND LEGISLATIVE HAVE BEEN CONSTANT SINCE THE FORMATION OF THE ORGANIZATION IN 1902 UNDER THE NATIONAL FARMERS UNION AND CREATION OF ITS' OWN FULLY ACCREDITED STATE DIVISION IN 1905. ITS LEADERSHIP AND MEMBERS HELPED FOUND THE NEW STATE OF OKLAHOMA.
THE ORGANIZATION WORKS WITH SEVERAL STATE AND LOCAL AFFILIATES TO PROVIDE SCHOLARSHIPS TO STUDENTS:-AS PART OF THE EDUCATION FUNCTION, THE ORGANIZATION AWARDS SCHOLARSHIPS TO TOP STATE SPEECH WINNERS. THE STUDENTS FIRST COMPETE IN ONE OF THE FIVE DISTRICT CONTESTS WITH APPROXIMATELY 800 STUDENTS PARTICIPATING AROUND THE STATE. THE TOP THREE SPEAKERS IN EACH CATEGORY AT DISTRICTS AND STATE ARE AWARDED TROPHIES AS WELL. -STATE SCHOLARSHIPS ARE GIVEN TO TOP STUDENTS BASED ON THEIR INVOLVEMENT WITHIN THE YOUTH PROGRAM AND COOPERATIVE AS A WHOLE, SUCH AS THE LEADERSHIP SUMMIT.-SCHOLARSHIPS ARE GIVEN FOR LIVESTOCK GRADING AND HANDLING AND SAFETY WORKING THE CHUTE THROUGH THE MIDWEST AND TULSA FARM SHOWS. -STATE MATCHING SCHOLARSHIPS WITH COUNTY AND LOCAL AFFILIATES ARE GIVEN BASED ON A SCHOLARSHIP APPLICATION PROCESS. AN AGRICULTURE-BASED STATEWIDE POSTER CONTEST FOR FIRST THROUGH FOURTH GRADERS, IS CONDUCTED WITH THE TOP THREE IN EACH DIVISION AWARDED SCHOLARSHIPS AND THE TOP 100 HONORED AT THE ANNUAL CONVENTION.-FUNDING SCHOLARSHIP THROUGH SPONSORSHIP OF STATEWIDE LIVESTOCK JUDGING CONTEST TO TEACH BEST ANIMAL SELECTIONS. FUNDS ARE ALSO DONATED TO TOP JUDGES OF THE NATIONAL LAND JUDGING CONTEST BASED HERE IN OKLAHOMA.
AS PART OF THE EDUCATION FUNCTION, THE COOPERATIVE SPONSORS FUNDS FOR AN ANNUAL CHALICE AUCTION AND DINNER TO SUPPORT EDUCATIONAL SCHOLARSHIPS AND PREMIUM SALE AUCTION WINNERS FOR THE OKLAHOMA YOUTH EXPO (OYE) THE WORLD'S LARGEST JUNIOR LIVESTOCK SHOW. AT OYE, YOUTH CAN PARTICIPATE IN AN ALL-INCLUSIVE KNOWLEDGE COMPETITION CONSISTING OF AN ANIMAL SCIENCE TEST, SHOWING THEIR ANIMALS, AND AN INTERVIEW PROCESS. THE TOP TEN STUDENTS TAKE HOME SCHOLARSHIPS. AT OYE, BOTH WINNERS AND NON-WINNERS DONATE THEIR ANIMALS TO THE OKLAHOMA REGIONAL FOOD BANK. AT THE TULSA STATE FAIR, SCHOLARSHIPS ARE AWARDED TO STUDENTS. THE SCHOLARSHIPS ARE FUNDED THROUGH A JOINT EFFORT WITH OTHER STATE AND LOCAL AFFILIATES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Porter Vice President | OfficerTrustee | 5 | $2,543 |
James Shelton Director | Trustee | 5 | $2,434 |
Mason Mungle Director | Trustee | 5 | $3,096 |
Dustin Tackett Director | Trustee | 5 | $2,149 |
Terry Peach Director | Trustee | 5 | $150 |
John Ogden Director | Trustee | 5 | $2,163 |
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 | $2,143,499 |
Investment income | $0 |
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 | $2,143,499 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $4,081 |
Grants and other assistance to domestic individuals. | $23,164 |
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 | $490,193 |
Pension plan accruals and contributions | $7,239 |
Other employee benefits | $73,957 |
Payroll taxes | $34,894 |
Fees for services: Management | $0 |
Fees for services: Legal | $46,646 |
Fees for services: Accounting | $7,890 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $60,962 |
Advertising and promotion | $37,054 |
Office expenses | $89,459 |
Information technology | $7,816 |
Royalties | $0 |
Occupancy | $68,117 |
Travel | $123,177 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $153,884 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $67,344 |
All other expenses | $24,823 |
Total functional expenses | $2,308,253 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $391,142 |
Savings and temporary cash investments | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $391,142 |
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 | $347,960 |
Net assets with donor restrictions | $43,182 |
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 | $391,142 |