Oklahoma State Union of the Farmers Edu- cational & Cooperative Union of America

EIN: 730235820

Oklahoma City, OK

Total Revenue
$4,724,360
Total Expenses
$3,232,970
Total Assets
$2,355,709
Net Assets
$2,355,709
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
OK
Principal Officer
Scott Blubaugh
Phone
4052185400
Tax Period
2024-01-01 to 2024-12-31

Oklahoma State Union of the Farmers Edu- cational & Cooperative Union of America, founded in 1984, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 32% operating margin.

Mission

Develop and administer agricultural education programs for youth and adults.

Program Service Accomplishments

Program 1

The Oklahoma State Union of the Farmers & Cooperative Union of America, is organized to function as a general farm organization, to establish and issue charters to local and county unions, and to...

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The Oklahoma State Union of the Farmers & Cooperative Union of America, is organized to function as a general farm organization, to establish and issue charters to local and county unions, and to promote the general welfare of farmers in the State of Oklahoma. The dues paid to the National Farmers Union (NFU) allow the organization to participate in the activities of the NFU to forward the mission. The dues paid to the County and Local organizations allow those organizations to continue to forward the mission on a local level. The 3 mission areas of education, cooperatives and legislative have been constant since the formation of the organization in 1902 under the National Farmers Union and creation of its' own fully accredited state division in 1905. Its leadership and members helped found the new State of Oklahoma.

Program 2

The organization works with several state and local affiliates to provide scholarships to students:-As part of the education function, the organization awards scholarships to top state speech...

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The organization works with several state and local affiliates to provide scholarships to students:-As part of the education function, the organization awards scholarships to top state speech winners. The students first compete in one of the five district contests with approximately 800 students participating around the state. The top three speakers in each category at districts and state are awarded trophies as well. -State scholarships are given to top students based on their involvement within the youth program and cooperative as a whole, such as the leadership summit.-Scholarships are given for livestock grading and handling and safety working the chute through the Midwest and Tulsa farm shows. -State matching scholarships with county and local affiliates are given based on a scholarship application process. An agriculture-based statewide poster contest for first through fourth graders, is conducted with the top three in each division awarded scholarships and the top 100 honored at the annual convention.-Funding scholarship through sponsorship of statewide livestock judging contest to teach best animal selections. Funds are also donated to top judges of the National Land Judging Contest based here in Oklahoma.

Program 3

As part of the education function, the cooperative sponsors funds for an annual chalice auction and dinner to support educational scholarships and premium sale auction winners for the Oklahoma Youth...

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As part of the education function, the cooperative sponsors funds for an annual chalice auction and dinner to support educational scholarships and premium sale auction winners for the Oklahoma Youth Expo (OYE) the world's largest junior livestock show. At OYE, youth can participate in an all-inclusive knowledge competition consisting of an animal science test, showing their animals, and an interview process. The top ten students take home scholarships. At OYE, both winners and non-winners donate their animals to the Oklahoma Regional Food Bank. At the Tulsa State Fair, scholarships are awarded to students. The scholarships are funded through a joint effort with other state and local affiliates.

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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 $0
Program Service Revenue $4,696,182
Investment Income $28,178
Other Revenue $0
TOTAL REVENUE $4,724,360

Expense Breakdown

Grants Paid $55,031
Salaries & Benefits $981,148
Fundraising Expenses $0
Other Expenses $2,196,791
TOTAL EXPENSES $3,232,970

Year-over-Year Comparison

2024 2023 Change
Revenue $4,724,360 $3,604,984 +0.3%
Expenses $3,232,970 $3,131,807 +0.0%
Net Income $1,491,390 $473,177 +2.2%
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
12
Independent Members
9
Employees
14
Volunteers
150

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
$398,581
Total Directors
14
$413,281
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Scott Blubaugh President 36.00
Officer Director
$156,646 $45,602 $202,248
Paul Jackson Secretary 36.00
Officer Director
$99,601 $41,348 $140,949
Thomas Wallace Vice President as of Feb 2024 3.00
Officer Director
$42,431 $1,645 $44,076
Ryan PlemmonsVP until Feb 2024/Board Member as of Feb 2024 3.00
Officer Director
$11,308 $0 $11,308
James Shelton Board Member 5.00
Director
$1,800 $0 $1,800
Roger Edenborough Board Member 5.00
Director
$1,800 $0 $1,800
Mason Mungle Board Member 5.00
Director
$1,800 $0 $1,800
Loyd Steward Board Member 5.00
Director
$1,800 $0 $1,800
John Porter Board Member 5.00
Director
$1,800 $0 $1,800
Dustin Tackett Board Member 5.00
Director
$1,800 $0 $1,800
William Lane Board Member 5.00
Director
$1,800 $0 $1,800
Barry Squires Board Member as of Feb 2024 5.00
Director
$1,500 $0 $1,500
Landon Jestis Board Member until Feb 2024 5.00
Director
$300 $0 $300
Brett Morris Board Member until Feb 2024 5.00
Director
$300 $0 $300
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 $4,724,360 $3,232,970 $2,355,709 $1,491,390
2023 $3,604,984 $3,131,807 $864,319 $473,177
2022 $2,143,499 $2,308,253 $391,142 $-164,754
2021 $2,082,673 $2,085,295 $555,896 $-2,622
2020 $2,202,540 $2,176,601 $601,036 $25,939
2020 $2,316,640 $2,117,115 $558,518 $199,525
2019 $2,129,285 $2,109,300 $507,468 $19,985
2018 $2,153,827 $2,312,401 $486,537 $-158,574
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