Oklahoma Farm Bureau
- Assets
- $409.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hobart, OK
- Founding
- 05/1960
- Data as of
- 08/2023
- EIN
- 73-0583130
Organization Overview
Oklahoma Farm Bureau is located in Hobart, OK. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Oklahoma Farm Bureau is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Oklahoma Farm Bureau generated $113.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $95.2k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zac Harris President | 1 | $0 | |
Joe Hancock Secretarytreasurer | 1 | $0 | |
Brent Straub Vice President | 1 | $0 | |
Daryl Hoover Director | 1 | $0 | |
Virgil Payne Director | 1 | $0 | |
Donna Alderman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $450 |
| Total Program Service Revenue | $0 |
| Membership dues | $20,388 |
| Investment income | $3,160 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $89,510 |
| Total Revenue | $113,508 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $32,409 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $62,447 |
| Total expenses | $95,156 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $207,964 |
| Other assets | $0 |
| Total assets | $409,843 |
| Total liabilities | $1,051 |
| Net assets or fund balances | $408,792 |