Form 990 for tax year 2023
Filed by VIRGINIA FOUNDATION FOR AGRICULTURE INNOVATION & RURAL SUFTAINABILITY.
Totals
- Total revenue
- $531,812
- Total expenses
- $507,615
- Contributions and grants received
- $384,421
- Grants paid
- $0
- Program service revenue
- $104,909
- Investment income
- $4,248
- Other revenue
- $38,234
- Total assets, end of year
- $445,943
- Total liabilities, end of year
- $58,311
- Net assets or fund balances, end of year
- $387,632
- Program services expenses (Part IX)
- $442,623
- Management and general expenses
- $64,992
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $442,623
Program services were 87.2% 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.
-
1d · Related organizations
$180,002
-
1e · Government grants (contributions)
$200,000
-
1f · All other contributions, gifts and grants
$4,419
-
2a · Program service revenue
total $104,909 · related or exempt $104,909
-
3 · Investment income
total $4,248 · excluded $4,248
-
11a · Other revenue: SPONSORSHIP
total $38,234 · excluded $38,234
-
11e · Other revenue, total
$38,234
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $9,075 · management and general $9,075
-
12 · Advertising and promotion
total $8,310 · management and general $8,310
-
13 · Office expenses
total $126 · management and general $126
-
14 · Information technology
total $3,013 · management and general $3,013
-
17 · Travel
total -$115 · management and general -$115
-
19 · Conferences, conventions and meetings
total $16,287 · management and general $16,287
-
22 · Depreciation, depletion and amortization
total $9,963 · program services $9,963
-
24a · Other expenses: CONSULTING
total $252,473 · program services $252,473
-
24b · Other expenses: OUTSIDE SERVICES
total $180,002 · program services $180,002
-
24c · Other expenses: AWARDS
total $20,683 · management and general $20,683
-
24d · Other expenses: BOARD OF DIRECTORS
total $5,307 · management and general $5,307
-
24e · All other expenses
total $2,491 · program services $185 · management and general $2,306
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $341,243 · end of year $372,897
-
10a · Land, buildings and equipment: cost or other basis
$266,570
-
10b · Land, buildings and equipment: accumulated depreciation
$193,524
-
10c · Land, buildings and equipment, net
beginning of year $83,009 · end of year $73,046
-
17 · Accounts payable and accrued expenses
beginning of year $60,817 · end of year $58,311
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $363,435 · end of year $387,632
Mission and programs · 2023
Mission
TO ASSIST RURAL VIRGINIANS IN DEVELOPING AND ADVANCING THEIR AGRICULTURAL, ECONOMIC AND SOCIAL INTERESTS TO ENHANCE THEIR QUALITY OF LIFE.
Activities or mission (Part I)
TO ASSIST RURAL VIRGINIANS IN DEVELOPING AND ADVANCING THEIR AGRICULTURAL, ECONOMIC AND SOCIAL INTERESTS.TO FACILITATE AND COORDINATE TECHNICAL AND FINANCIAL ASSISTANCE TO RURAL VIRGINIANS IN ORDER TO PROVIDE TRADITIONAL AND INNOVATIVE SOLUTIONS THAT:A) DEVELOP AGRICULTURAL OPPORTUNITIES USING EXISTING PRODUCTION AND MARKET RESOURCES AND RISK MANAGEMENT TECHNIQUES;B) DEVELOP VALUE ADDED AND HIGH VALUE AGRICULTURAL PRODUCTS AND IMPROVED MARKET OPPORTUNITIES;C) ADDRESS CHALLENGES FACING FARMERS' PRODUCTION AND MARKETING RESOURCES; ANDD) ADDRESS ISSUES AFFECTING THE SUSTAINABILITY OF RURAL VIRGINIA.
-
ASSISTED 16 PRODUCER APPLICANTS FOR VALUE-ADDED PRODUCER GRANTS IN THE AREAS OF AQUACULTURE, CRAFT BEVERAGER, RETAIL BEEF, LAVENDER, FRESH PRODUCE, HEMP, GOAT MILK-BASED COSMETICS AND MORE.
Expenses $442,623 · Revenue $104,909
-
13 ONGOING TECHNICAL ASSISTANCE CLIENTS ASSISTING WITH COOPERATIVE DEVELOPMENT AND INDEPENDENT FEASIBILITY STUDY WORK.
-
FEATURED CLIENTS IN TWO UNIQUE EVENTS: TASTE OF VIRGINIA AND VFBF ANNUAL CONVENTION.
As filed on the 2023 return.
Listed in Part VII
-
William CrutchfieldWILLIAM CRUTCHFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Emily F EdmondsonEMILY F EDMONDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Cecil Meyerhoeffer JrCECIL MEYERHOEFFER JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Joanne JonesJOANNE JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Anita RobersonANITA ROBERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Stephen VersenSTEPHEN VERSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Bradley WebbBRADLEY WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Wayne F PryorWAYNE F PRYOR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott SinkSCOTT SINK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3
-
Henry WoodHENRY WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Suzanne BatesSUZANNE BATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Brad CopenhaverBRAD COPENHAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dixie Watts-DaltonDIXIE WATTS-DALTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Emma DavisEMMA DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kathleen EarlyKATHLEEN EARLY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
David A PriddyDAVID A PRIDDY
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Marc FollmerMARC FOLLMER
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
VIRGINIA FARM BUREAU FEDERATION
501(C) · MEMBERSHIP ORGANIZATION BENEFITING INDIVIDUALS PARTICIPATING IN AGRICULTURE · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202440859349301114
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