Knox County Farm Bureau
- Assets
- $129.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Munday, TX
- Founding
- 10/1952
- Data as of
- 12/2023
- EIN
- 75-1024913
Organization Overview
Knox County Farm Bureau is located in Munday, TX. The organization was established in 1952. 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. Knox 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 12/2023, Knox County Farm Bureau generated $41.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $33.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.7%) 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 |
|---|---|---|---|
Tyler Thompson President | 3 | $0 | |
David Kuehler Vice President | 2 | $0 | |
Sam Hunter Director | 1 | $0 | |
Jerry Coplen Director | 1 | $0 | |
Joe Godsey Director | 1 | $0 | |
David Key Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $21,645 |
| Investment income | $9,640 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $552 |
| Total Revenue | $41,837 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43 |
| Professional fees and other payments to independent contractors | $600 |
| Occupancy, rent, utilities, and maintenance | $9,584 |
| Printing, publications, postage, and shipping | $369 |
| Other expenses | $16,403 |
| Total expenses | $33,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,913 |
| Other assets | $0 |
| Total assets | $129,299 |
| Total liabilities | $2 |
| Net assets or fund balances | $129,297 |