Oklahoma Farm Bureau
- Assets
- $165.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, OK
- Founding
- 05/1960
- Data as of
- 08/2024
- EIN
- 73-0713400
Organization Overview
Oklahoma Farm Bureau is located in Medford, 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 08/2024, Oklahoma Farm Bureau generated $41.8k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $47.2k during the year ending 08/2024. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 5 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 |
|---|---|---|---|
Paul Schmitz Director | 1 | $0 | |
Ken Ferda Secretarytreasurer | 1 | $0 | |
Margaret Watsek Director | 1 | $0 | |
Rich Donaldson Vice President | 1 | $0 | |
Chuck Tolle President | 1 | $0 | |
Craig Regier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50 |
| Total Program Service Revenue | $0 |
| Membership dues | $11,048 |
| Investment income | $4,757 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,935 |
| Total Revenue | $41,790 |
| 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 | $240 |
| Occupancy, rent, utilities, and maintenance | $18,271 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,721 |
| Total expenses | $47,232 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,745 |
| Other assets | $0 |
| Total assets | $165,656 |
| Total liabilities | $855 |
| Net assets or fund balances | $164,801 |