Texas Farm Bureau

Organization Overview

Texas Farm Bureau is located in Waco, TX. The organization was established in 1945. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Texas Farm Bureau employed 72 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Texas 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 12/2021, Texas Farm Bureau generated $25.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $16.5m during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS AGRICULTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOCAL, COUNTY, STATE, NATIONAL AND GLOBAL MEETINGS ON AGRICULTURE AND RURAL LIVING


PROMOTION OF AGRICULTURE COMMODITIES AND PROBLEM SOLVING CONCERNING MEMBERS COMMODITIES.


PARTICIPATION AND UPDATING IN MATTERS OF LEGISLATION AFFECTING AGRICULTURE.


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Board, Officers & Key Employees

Name (title)Compensation
Si Cook
Executive Director
$421,438
Charles Benton
Director Of Field Operatio
$344,977
Regan Beck
Director Of Government Aff
$341,226
Gary Joiner
Director Of Communications
$287,521
Chris Daughtery
CFO
$282,118
Whit Weems
Director Of Organization
$265,303

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,459,411
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$7,459,411
Total Program Service Revenue$0
Investment income $2,321,488
Tax Exempt Bond Proceeds $0
Royalties $15,348,182
Net Rental Income $0
Net Gain/Loss on Asset Sales $95,495
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $25,839,501

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