MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE INC

EIN: 333390512 501(c)(3) Food, Agriculture & Nutrition

JACKSON, MS

Total Revenue
$220,447
Total Expenses
$44,403
Total Assets
$211,044
Net Assets
$176,044
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2025
Legal Domicile
MS
Principal Officer
KALEB DEESE CPA
Phone
6019774205
Tax Period
2025-02-04 to 2025-10-31

MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE INC, founded in 2025, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $220K in total revenue in fiscal year 2024. The organization ran a surplus of $176K, a strong 80% operating margin.

Mission

TO ADVANCE AGRICULTURE THROUGH INVESTMENTS IN EDUCATING THE NEXT GENERATION OF FARMERS AND RANCHERS, PROVIDING SCHOLARSHIPS FOR THE FURTHERANCE OF EDUCATION, INFORMING THE PUBLIC ON THE IMPORTANCE OF AGRICULTURE, PROVIDING AGRICULTURAL RESOURCES TO THOSE IN NEED, AND ALL OTHER MEANS OF PROMOTING AGRICULTURE AS AN INTEGRAL PART OF SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $40,574

THE MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE MADE MEANINGFUL PROGRESS THIS YEAR IN ADVANCING ITS MISSION TO SUPPORT AGRICULTURE ACROSS THE STATE THRU LITERACY, SCHOLARSHIPS, EDUCATION, AND...

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THE MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE MADE MEANINGFUL PROGRESS THIS YEAR IN ADVANCING ITS MISSION TO SUPPORT AGRICULTURE ACROSS THE STATE THRU LITERACY, SCHOLARSHIPS, EDUCATION, AND RAISING AWARENESS TO HUNGER. THROUGH THE FARMERS FEEDING THE HUNGRY INITIATIVE, THE FOUNDATION HELPED RAISE AWARENESS OF FOOD INSECURITY WHILE MOBILIZING VOLUNTEERS TO SUPPORT LOCAL FOOD PANTRIES AND FAMILIES IN NEED. THE FOUNDATION ALSO EXPANDED ITS FOCUS ON EDUCATION BY DEVELOPING NEW SCHOLARSHIP OPPORTUNITIES TO HELP MISSISSIPPI STUDENTS PURSUE HIGHER EDUCATION. IN ADDITION, DEDICATED FUNDS WERE INVESTED TO STRENGTHEN THE FEDERATION'S AG IN THE CLASSROOM PROGRAM BY PROVIDING AGRICULTURE-FOCUSED BOOKS TO EVERY PUBLIC SCHOOL LIBRARY STATEWIDE. TOGETHER, THESE EFFORTS REFLECT THE FOUNDATION'S CONTINUED COMMITMENT TO SERVING MISSISSIPPI'S FAMILIES TODAY WHILE INVESTING IN THE NEXT GENERATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $217,716
Program Service Revenue $0
Investment Income $2,731
Other Revenue $0
TOTAL REVENUE $220,447

Expense Breakdown

Grants Paid $40,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,574
Other Expenses $4,403
TOTAL EXPENSES $44,403

Year-over-Year Comparison

2024 2023 Change
Revenue $220,447 N/A N/A
Expenses $44,403 N/A N/A
Net Income $176,044 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
8
Employees
N/A
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$888,066
Total Directors
11
$900,466
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MCCORMICK PRESIDENT 2.00
Officer Director
$0 $47,694 $341,369
JEFF EASTERLING VICE PRESIDENT 1.00
Officer Director
$0 $0 $6,400
KENT BLOODWORTH SECRETARY 1.00
Officer Director
$0 $70,184 $305,913
KALEB DEESE TREASURER 1.00
Officer Director
$0 $72,644 $234,384
DONALD GANT DIRECTOR 1.00
Director
$0 $0 $6,400
TED KENDALL IV DIRECTOR 1.00
Director
$0 $0 $6,000
JASON KRUTZ DIRECTOR 1.00
Director
$0 $0 $0
RYN LASTER DIRECTOR 1.00
Director
$0 $0 $0
LANCE WEDGEWORTH DIRECTOR 1.00
Director
$0 $0 $0
SHANNON ROGERS DIRECTOR 1.00
Director
$0 $0 $0
JEFF STYERS DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $220,447 $44,403 $211,044 $176,044
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