NC FARM BUREAU FEDERATION INC

EIN: 560340590

RALEIGH, NC

Total Revenue
$17,745,700
Total Expenses
$16,494,455
Total Assets
$56,882,714
Net Assets
$41,590,284
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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NC
Principal Officer
W SHAWN B HARDING
Phone
9197821705
Tax Period
2023-01-01 to 2023-12-31

NC FARM BUREAU FEDERATION INC, founded in 1936, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $16.5M left a modest 7% surplus.

Mission

NORTH CAROLINA FARM BUREAU WAS ORGANIZED AS A GENERAL FARM ORGANIZATION TO ADVANCE, IMPROVE AND PROMOTE THE AGRICULTURAL INTEREST AND ECONOMIC WELL- BEING OF FARMERS.

Program Service Accomplishments

Program 1
Expenses: $10,035,182

ADMINISTRATIVE AND MANAGEMENT EXPENSES TO SUPPORT THE PROGRAM ACHIEVEMENTS.

Program 2
Expenses: $2,229,783

FIELD SERVICE AND AG IN THE CLASSROOM-NCFB FIELD SERVICES PROMOTES AND COORDINATES PROGRAM ACTIVITIES WITH 100 COUNTY FARM BUREAUS. FIELD SERVICES WORKS WITH PROGRAMS TO FOSTER THE FARM BUREAU...

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FIELD SERVICE AND AG IN THE CLASSROOM-NCFB FIELD SERVICES PROMOTES AND COORDINATES PROGRAM ACTIVITIES WITH 100 COUNTY FARM BUREAUS. FIELD SERVICES WORKS WITH PROGRAMS TO FOSTER THE FARM BUREAU MISSION. THE FOLLOWING ARE PROGRAMS FIELD SERVICES WORKS WITH. SAFETY PROGRAM IS EXECUTED BY COUNTY VOLUNTEERS. INSTITUITE FOR FUTURE AGRICULTURE LEADERS, HAD HIGH SCHOOL RISING SENIORS ATTEND THE ACADEMY. STUDENTS VISITED NCSU AND NCA&T UNIVERSITIES TO EXPERIENCE AG RELATED EDUCATION OPPORTUNITIES. OTHER INVOLVEMENTS INCLUDE THE NORTH CAROLINA ANIMAL AG COALITION,FARM CITY WEEK, FOOD CHECK OUT WEEK, FARM HERITAGE DAYS, AG HAULING HANDBOOK JUST TO MENTION A FEW. ASSIST THE AG IN THE CLASSROOM (AITC) STAFF WITH ITS PROGRAMS-AITC SPONSORED EVENTS. OVER 1,400 EDUCATORS WERE TRAINED AND OVER 50,000 STUDENTS WERE TAUGHT AITC CURRICULM. AITC SPONSORED PROFESSIONAL DEVELOPMENT TO 1,000 STUDENT TEACHERS AT 3 UNIVERSITIES. SUPPORTED THE LEAD AND WOMEN LEADERSHIP COMMITTEES.

Program 3
Expenses: $2,199,790

PUBLIC POLICY AND LEGISLATIVE-NC FARM BUREAU IS A TRUE GRASSROOTS ORGANIZATION, HIGHLY STRESSING MEMBER INVOLVEMENT IN POLICY DEVELOPMENT AND IMPLEMENTATION. ALL NCFB POLICY POSITIONS BEGIN WITH...

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PUBLIC POLICY AND LEGISLATIVE-NC FARM BUREAU IS A TRUE GRASSROOTS ORGANIZATION, HIGHLY STRESSING MEMBER INVOLVEMENT IN POLICY DEVELOPMENT AND IMPLEMENTATION. ALL NCFB POLICY POSITIONS BEGIN WITH RECOMMENDATIONS FROM THE 100 COUNTY ANNUAL MEETINGS, WHICH ARE REVIEWED BY ABOUT 120 MEMBERS AT THE STATE RESOLUTIONS COMMITTEE MEETING. THE RESOLUTIONS ARE VOTED ON BY 600 VOTING DELEGATES REPRESENTING THE ENTIRE STATE AT OUR ANNUAL MEETING. NCFB HAS APPROXIMATELY 585 MEMBERS SERVING ON 21 STATE ADVISORY COMMITTEES. THESE COMMITTEES MEET AT LEAST TWICE A YEAR. ONE OF THESE MEETINGS IS OUR POLICY REVIEW DAY WHEN OVER 400 PEOPLE ATTEND. NCFB HAD 10 MEMBERS SERVE ON AMERICAN FARM BUREAU COMMODITY COMMITTEES. NCFB DISTRIBUTED THE CAPITAL ROUNDUP (LEGISLATIVE NEWSLETTER) TO OVER 1,500 MEMBERS WEEKLY DURING THE LEGISLATIVE SEASON.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,300,378
Program Service Revenue $4,322,800
Investment Income $3,528,109
Other Revenue $594,413
TOTAL REVENUE $17,745,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,091,051
Fundraising Expenses $0
Program Expenses $16,494,455
Other Expenses $9,403,404
TOTAL EXPENSES $16,494,455

Year-over-Year Comparison

2023 2022 Change
Revenue $17,745,700 $16,377,743 +0.1%
Expenses $16,494,455 $16,635,073 0.0%
Net Income $1,251,245 $-257,330 -5.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
60
Independent Members
60
Employees
45
Volunteers
N/A

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
7
$0
Total Directors
59
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W SHAWN B HARDING PRESIDENT 14.00
Officer
$0 $0 $0
SCOTT WHITFORD VICE PRESIDE 14.00
Officer Director
$0 $0 $0
ELAINE FRYAR VICE PRESIDE 14.00
Officer Director
$0 $0 $0
JERRY WYANT VICE PRESIDE 14.00
Officer Director
$0 $0 $0
JAKE PARKER SECRETARY 18.00
Officer
$0 $0 $0
MATT CURRIN TREASURER 22.00
Officer
$0 $0 $0
PAUL SHERMAN ASST TO THE 40.00
Officer
$0 $0 $0
GREG BUNN DIRECTOR 0.00
Director
$0 $0 $0
STEVE NELMS DIRECTOR 0.00
Director
$0 $0 $0
STAURT PIERCE DIRECTOR 0.00
Director
$0 $0 $0
GWEN PITT DIRECTOR 0.00
Director
$0 $0 $0
A O ROBERTS DIRECTOR 0.00
Director
$0 $0 $0
KELLY VANN DIRECTOR 0.00
Director
$0 $0 $0
EDDIE STROUP DIRECTOR 0.00
Director
$0 $0 $0
DENNIS MARTIN DIRECTOR 0.00
Director
$0 $0 $0
KEVIN MARTIN DIRECTOR 0.00
Director
$0 $0 $0
JAMES NATION DIRECTOR 0.00
Director
$0 $0 $0
KIRK MATHIS DIRECTOR 0.00
Director
$0 $0 $0
LARRY TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
DAN HUNSUCKER DIRECTOR 0.00
Director
$0 $0 $0
RICHARD RENEGAR DIRECTOR 0.00
Director
$0 $0 $0
GEORGE SMITH DIRECTOR 0.00
Director
$0 $0 $0
JIM HOWIE DIRECTOR 0.00
Director
$0 $0 $0
CHARLES LUTTERLOH DIRECTOR 0.00
Director
$0 $0 $0
KENNETH WRIGHT DIRECTOR 0.00
Director
$0 $0 $0
VAUGHN WILLOUGHBY DIRECTOR 0.00
Director
$0 $0 $0
RICHARD WHITAKER DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
DANNY HODGES DIRECTOR 0.00
Director
$0 $0 $0
CARL BOND DIRECTOR 0.00
Director
$0 $0 $0
KEVIN WILSON DIRECTOR 0.00
Director
$0 $0 $0
CHARLES HERLOCKER DIRECTOR 0.00
Director
$0 $0 $0
RENEE MCPHERSON DIRECTOR 0.00
Director
$0 $0 $0
DONALD SMART DIRECTOR 0.00
Director
$0 $0 $0
JUDY BARE DIRECTOR 0.00
Director
$0 $0 $0
JERRY DAVIS DIRECTOR 0.00
Director
$0 $0 $0
JUSTIN SOMERS DIRECTOR 0.00
Director
$0 $0 $0
BILL TEAGUE DIRECTOR 0.00
Director
$0 $0 $0
BENITA ENGLAND DIRECTOR 0.00
Director
$0 $0 $0
BRIAN GREENE DIRECTOR 0.00
Director
$0 $0 $0
L M SIMMONS DIRECTOR 0.00
Director
$0 $0 $0
ALTON ROBERSON DIRECTOR 0.00
Director
$0 $0 $0
WAYNE ROSE DIRECTOR 0.00
Director
$0 $0 $0
GLEN IPOCK DIRECTOR 0.00
Director
$0 $0 $0
MARK WELLONS DIRECTOR 0.00
Director
$0 $0 $0
KEITH BEAVERS DIRECTOR 0.00
Director
$0 $0 $0
CINDY STROUP DIRECTOR 0.00
Director
$0 $0 $0
EELCO H TINGA JR DIRECTOR 0.00
Director
$0 $0 $0
MIKE GAY DIRECTOR 0.00
Director
$0 $0 $0
RANDY BRITT DIRECTOR 0.00
Director
$0 $0 $0
TALMADGE LAYTON DIRECTOR 0.00
Director
$0 $0 $0
JACKIE THOMPSON DIRECTOR 0.00
Director
$0 $0 $0
MARK PENDLETON DIRECTOR 0.00
Director
$0 $0 $0
DOUG PATTERSON DIRECTOR 0.00
Director
$0 $0 $0
TOMMY L HOBBS DIRECTOR 0.00
Director
$0 $0 $0
HARRELL OVERMAN DIRECTOR 0.00
Director
$0 $0 $0
JODY CLEMMONS DIRECTOR 0.00
Director
$0 $0 $0
COLEMAN WHITFIELD DIRECTOR 0.00
Director
$0 $0 $0
DAVID ALLRED DIRECTOR 0.00
Director
$0 $0 $0
WAYNE COLLIER DIRECTOR 0.00
Director
$0 $0 $0
R H BYRD JR DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY LOCKLEAR DIRECTOR 0.00
Director
$0 $0 $0
THOMAS SHAW DIRECTOR 0.00
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
2024 No data No data No data No data
2023 $17,745,700 $16,494,455 $56,882,714 $1,251,245
2022 $16,377,743 $16,635,073 $51,412,817 $-257,330
2021 $15,980,144 $15,139,702 $43,526,522 $840,442
2020 $15,501,528 $14,078,414 $42,841,412 $1,423,114
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