Wyoming Farm Bureau Federation
- Assets
- $2.7m
- Revenue
- $935.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Laramie, WY
- Founding
- 05/1946
- Data as of
- 10/2020
- EIN
- 83-0175474
Organization Overview
Wyoming Farm Bureau Federation is located in Laramie, WY. The organization was established in 1946. 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 parent organization of an affiliated group for tax-exemption purposes. Wyoming Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2020, Wyoming Farm Bureau Federation generated $935.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $1.0m during the year ending 10/2020. While expenses have increased by 26.8% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURE EDUCATION AND AGRICULTURE ADVOCACY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL ISSUES - MONITORING GENERAL ISSUES AND THE IMPACT TO AGRICULTURAL PRACTICES
NATURAL AND ENVIRONMENTAL RESOURCES
AGRICULTURAL SERVICES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cole Coxbill Vice President | OfficerTrustee | 2 | $0 |
Todd Fornstrom President | OfficerTrustee | 2 | $0 |
Kevin Baars Director | Trustee | 0 | $0 |
Raenell Taylor Director | Trustee | 2 | $0 |
Thad Dockery Director | Trustee | 0 | $0 |
Tim Pexton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $188,900 |
| 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 | $188,900 |
| Total Program Service Revenue | $1,100 |
| Investment income | $73,778 |
| Tax Exempt Bond Proceeds | $585 |
| Royalties | $669,220 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$36,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $935,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $683,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,418 |
| Advertising and promotion | $0 |
| Office expenses | $96,228 |
| Information technology | $1,650 |
| Royalties | $0 |
| Occupancy | $29,370 |
| Travel | $32,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,700 |
| Insurance | $13,081 |
| All other expenses | $250 |
| Total functional expenses | $1,010,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,824 |
| Savings and temporary cash investments | $1,153,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,749 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $26,338 |
| Investments—publicly traded securities | $1,259,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,675,847 |
| Accounts payable and accrued expenses | $600,156 |
| Grants payable | $0 |
| Deferred revenue | $7,695 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $607,851 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,675,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
German Farmers Mutual Assessment Insurance Assoc Of Hall County Inc Cairo, NE | $1,959,468 | $2,974,512 |
American Society Of Farm Managers & Rural Appraisers Glendale, CO | $4,224,649 | $2,977,415 |
Buffalo County Agricultural Association Kearney, NE | $14,912,793 | $2,842,209 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
Wyoming Farm Bureau Federation Laramie, WY | $2,675,847 | $935,677 |
Minidoka County Beet Growers Association Incorporated Paul, ID | $469,109 | $856,289 |
Silver Tip Ranch Association Inc Livingston, MT | -$15,331 | $567,913 |
Montana Grain Growers Association Great Falls, MT | $792,605 | $687,110 |
Saunders County Agricultural Society Wahoo, NE | $1,008,034 | $577,571 |
Idaho Sugar Beet Growers Association Inc Boise, ID | $188,462 | $606,999 |
Nebraska Corn Growers Association Lincoln, NE | $515,195 | $544,564 |
Wyoming Stock Growers Association Cheyenne, WY | $78,575 | $547,030 |