Lipscomb County Farm Bureau
- Assets
- $138.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Darrouzett, TX
- Founding
- 09/1964
- Data as of
- 09/2023
- EIN
- 75-0889265
Organization Overview
Lipscomb County Farm Bureau is located in Darrouzett, TX. The organization was established in 1964. 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. Lipscomb County 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 09/2023, Lipscomb County Farm Bureau generated $84.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $67.7k during the year ending 09/2023. While expenses have increased by 1.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Miller President | 6 | $0 | |
Judith Mann Vice President | 3 | $0 | |
Vernon Kemp Sec Treas | 6 | $0 | |
Kevin Hill Director | 3 | $0 | |
Chris Schwerzenbach Director | 3 | $0 | |
Brett Duke Director | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $24,660 |
| Investment income | $2,190 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $57,288 |
| Total Revenue | $84,138 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,721 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $6,705 |
| Printing, publications, postage, and shipping | $428 |
| Other expenses | $17,503 |
| Total expenses | $67,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,882 |
| Other assets | $0 |
| Total assets | $138,406 |
| Total liabilities | $259 |
| Net assets or fund balances | $138,147 |