Form 990 for tax year 2023
Filed by FARM BUREAU INC EDGECOMBE COUNTY.
Totals
- Total revenue
- $142,980
- Total expenses
- $210,818
- Contributions and grants received
- $85,825
- Grants paid
- $105,200
- Program service revenue
- $0
- Investment income
- $33,692
- Other revenue
- $23,463
- Total assets, end of year
- $496,513
- Total liabilities, end of year
- $20,177
- Net assets or fund balances, end of year
- $476,336
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$85,825
-
3 · Investment income
total $6,191 · excluded $6,191
-
6a · Gross rents
real property $72,852
-
6b · Less rental expenses
real property $49,389
-
6c · Rental income or loss
real property $23,463
-
6d · Net rental income or loss
total $23,463 · excluded $23,463
-
7a · Gross sales of assets other than inventory
securities $80,000 · other assets $27,501
-
7b · Less cost or other basis and sales expenses
securities $80,000
-
7c · Gain or loss
other assets $27,501
-
7d · Net gain or loss
total $27,501 · related or exempt $27,501
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $101,200
-
2 · Grants to domestic individuals
total $4,000
-
11c · Fees: accounting
total $825
-
12 · Advertising and promotion
total $128
-
13 · Office expenses
total $3,681
-
16 · Occupancy
total $6,627
-
19 · Conferences, conventions and meetings
total $28,370
-
21 · Payments to affiliates
total $49,822
-
23 · Insurance
total $1,029
-
24a · Other expenses: OFFICE SUPPORT SERVICES
total $12,151
-
24b · Other expenses: DEPRECIATION
total $2,123
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $1,380
-
24d · Other expenses: SECURITY SYSTEM
total $530
-
24e · All other expenses
total -$1,048
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $71,676 · end of year $53,140
-
10a · Land, buildings and equipment: cost or other basis
$481,936
-
10b · Land, buildings and equipment: accumulated depreciation
$291,164
-
10c · Land, buildings and equipment, net
beginning of year $173,476 · end of year $190,772
-
11 · Investments: publicly traded securities
beginning of year $285,333 · end of year $252,601
-
25 · Other liabilities
end of year $20,177
-
27 · Net assets without donor restrictions
beginning of year $530,485 · end of year $476,336
Mission and programs · 2023
Mission
PRIVATE, NON-PROFIT ORGANIZATION CREATED TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE WELFARE OF FARM PEOPLE, INCLUDING THEIR ECONOMIC, SOCIAL AND EDUCATIONAL WELL-BEING.
-
POLICY DEVELOPMENT- MEMBERS WORKING IN COMMITTEES INVOLVED AT THE COUNTY, DISTRICT AND STATE LEVELS TO IDENTIFY ISSUES IMPORTANT TO THE WELL BEING OF AGRICULTURE AND DEVELOPING PUBLIC POLICIES ON SUCH ISSUES TO PURSUE THROUGH THE LEGISLATIVE AND REGULATORY PROCESS.
-
PUBLIC AWARENESS ACTIVITIES - TO INFORM THE PUBLIC OF THE IMPORTANCE OF AGRICULTURE TO THE ECONOMY OF THE COUNTY. COORDINATED AND HELPED TO SPONSER EVENTS WITH OTHER AGRICULTURE AND COMMUNITY GROUPS TO RAISE THE PUBLIC AWARENESS OF AGRICULTURAL ENTERPRISES WITHIN THE COUNTY AND TO INCREASE FARMER'S PRODUCTION KNOWLEDGE.
-
AGRICULTURAL LEADERSHIP DEVELOPMENT -PLANNED, CONDUCTED AND SUPPORTED ACTIVITIES FOR YOUTH AND ADULTS INVOLVED IN AGRICULTURE THAT PROVIDED OPPORTUNITIES TO EXPLORE THE AGRICULTURAL INDUSTRY AND DEVELOP LEADERSHIP SKILLS. THESE ACTIVITIES INCLUDED COLLEGE SCHOLARSHIPS FOR STUDENTS MAJORING IN AN AGRICULTURAL FIELD OF STUDY, INSTITUTE FOR FUTURE AGRICULTURAL LEADERSHIP AND VARIOUS LEADERSHIP CONFERENCES.
As filed on the 2023 return.
Listed in Part VII
-
Gwen PittGWEN PITT
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Joseph Shane VarnellJOSEPH SHANE VARNELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.33
-
Bert Pitt JrBERT PITT JR
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Jimmie JerniganJIMMIE JERNIGAN
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
John Grimes IIIJOHN GRIMES III
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 0.33
-
Thomas PorterTHOMAS PORTER
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Jesse LancasterJESSE LANCASTER
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Silas SmithSILAS SMITH
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Virgil Kirkland JrVIRGIL KIRKLAND JR
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.33
-
Seba AllenSEBA ALLEN
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
John Grimes JrJOHN GRIMES JR
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Ben SheltonBEN SHELTON
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
-
Philip BullockPHILIP BULLOCK
MEMBER BOD
- Total calculated
- $0
- Hours/week
- 0.33
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
EASTERN CAROLINA LIVESTOCK ASSOC
$7,400
-
EDGECOMBE COUNTY 4-H
$7,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431769349301258
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