Agcarefirst

Organization Overview

Agcarefirst is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (Y34) the organization is classified as: Employee Funded Pension Trusts, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agcarefirst is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.

For the year ending 12/2021, Agcarefirst generated $20.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $21.7m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 3 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

AGCAREFIRST TRUST PROVIDES HEALTH BENEFITS TO THE EMPLOYEES OF PARTICIPATING EMPLOYERS, ALL OF WHOM ARE ENGAGED IN THE AGRICULTURAL INDUSTRY IN THE STATES OF NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA AND ARE MEMBERS OF THE NORTH CAROLINA FARM BUREAU FEDERATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AGCAREFIRST TRUST PROVIDES HEALTH BENEFITS TO THE EMPLOYEES OF PARTICIPATING EMPLOYERS, ALL OF WHOM ARE ENGAGED IN THE AGRICULTURAL INDUSTRY IN THE STATES OF NORTH CAROLINA, SOUTH CAROLINA AND VIRGINIA AND ARE MEMBERS OF NORTH CAROLINA FARM BUREAU FEDERATION. HEALTH CLAIMS INCURRED WAS 19,714,428


ADMINISTRATIVE, CONSULTING AND COMMISSIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Perry Crutchfield
Treasurer
$0
Phillip Jacob Parker
Director
$0
Paul Sherman
Chairman
$0
Elizabeth Finez
Director
$0
Brian Greene
Director
$0
Chad Harris
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$20,240,663
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,240,663
Total Program Service Revenue$0
Investment income $148,154
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$2,010
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $20,386,807

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