Civic Intelligence

Franklin County Farm Bureau

990EZ • Fiscal year 2021 • EIN 26-2581309

Nov 01, 2020 to Oct 31, 2021 • Filed on Mar 09, 2022

P O Box 617Mount Vernon, TX 75457

(903) 572-7941

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.02x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

64th percentile

0.01x

Higher debt load relative to revenue than 64% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Net Margin

41st percentile

5.8%

Higher net margin than 41% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Asset Growth

71st percentile

17%

Faster asset growth than 71% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

46th percentile

-1.3%

Faster revenue growth than 46% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$37,978

Up $5,406 (+17%) from 2020

Net Assets

Up

$37,228

Up $5,513 (+17%) from 2020

Liabilities

Down

$750

Down $107 (-12%) from 2020

Revenue

Down

$94,957

Down $1,206 (-1.3%) from 2020

Expenses

Down

$89,444

Down $2,327 (-2.5%) from 2020

Net Income

Up

$5,513

Up $1,121 (+26%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2020: $32,572Liabilities 2020: $857Net Assets 2020: $31,7152020Assets 2021: $37,978Liabilities 2021: $750Net Assets 2021: $37,2282021Assets 2022: $42,955Liabilities 2022: $521Net Assets 2022: $42,4342022Assets 2023: $34,730Liabilities 2023: $656Net Assets 2023: $34,0742023Assets 2024: $56,577Liabilities 2024: $0Net Assets 2024: $56,5772024Assets 2025: $55,417Net Assets 2025: $55,4172025

Highlighted filing

2021

Assets$37,978
Liabilities$750
Net Assets$37,228

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $96,163Expenses 2020: $91,771Net Income 2020: $4,3922020Revenue 2021: $94,957Expenses 2021: $89,444Net Income 2021: $5,5132021Revenue 2022: $100,491Expenses 2022: $95,285Net Income 2022: $5,2062022Revenue 2023: $106,417Expenses 2023: $114,777Net Income 2023: -$8,3602023Revenue 2024: $129,778Expenses 2024: $107,275Net Income 2024: $22,5032024Revenue 2025: $35,670Expenses 2025: $36,830Net Income 2025: -$1,1602025

Highlighted filing

2021

Revenue$94,957
Expenses$89,444
Net Income$5,513
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Mar 9, 2022
Return Version
2020v4.1
Gross Receipts
$94,957
Mission and Program Overview

Mission

PROMOTING AGRICULTURE

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O--
SEE SCHEDULE O--
SEE SCHEDULE O--
County Farm Bureau volunteers also help organize their members into separate agricultural commodity interests and participate in matters dealing with legislation that affects agriculture.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAVID MAXTONPresidentPT$0--
BEN NEWCOMBVice President-$0--
ALAN SWARTSSec Treas-$0--
WAYMON NEWSOMDirector-$0--
DANNY CHITSEYDirector-$0--
BOBBY ELBERTDirector-$0--
JEFFREY KIRBYDirectorPT$0--
WAYNE SNYDERDirector-$0--
TERRY JAGGERSDirector-$0--
BRAD INGRAMDirector-$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Franklin County Farm Bureau
EIN
26-2581309
Phone
9035727941
Address
P O BOX 617, MOUNT VERNON, TX 75457

Signing Officer

Name
David Maxton
Title
President
Phone
9035727941
Signed
2022-03-09
Discuss with paid preparer
Yes

Preparer

Firm
Texas Farm Bureau
Address
PO Box 2689, Waco, TX 76702
Preparer
Patrick Ehlers
Phone
2547512337
Supplemental Narrative

Additional Explanations

Other

Pt III, Line 28:Youth Livestock Show/Fair-Contributed to local youth livestock show/fair. Purposes of the show are to promote responsibility, leadership skills and interest in raising farm animals for area youth. The County Farm Bureau volunteers as well as the local 4-H Clubs and FFA Chapters participate in this important event.

Other

Pt III, Line 29:Annual Meeting: Held an annual meeting in which all members are invited. Purpose was to discuss relative local, statewide, and national agricultural issues, the importance of agriculture education, the business of the organization and current legislative issues as they relate to agriculture. Members of the county farm bureau, county farm bureau staff, county farm bureau voluntary leaders, Texas Farm Bureau staff and invited guests participated.

Other

Pt III, Line 30: Members of the County Farm Bureau are also members of Texas Farm Bureau, a statewide agricultural organization (exempt under 501(c) (5)) that works for the betterment of agriculture and coordinates programs on a statewide basis. Members of the County Farm Bureau are also members of the American Farm Bureau, a national agricultural organization that also works for the betterment of agriculture.

Pt III, Line 31

County Farm Bureau volunteers also help organize their members into separate agricultural commodity interests and participate in matters dealing with legislation that affects agriculture.

Form 990EZ, Part I, Line 8

Ins activity income 59407.

Form 990EZ, Part I, Line 8

TFB AWARDS 670.

Form 990EZ, Part I, Line 16

OTHER EXPENSES 3668.

Form 990EZ, Part I, Line 16

Office operations expenses 2049.

Form 990EZ, Part I, Line 16

EQUIPMENT EXPENSES 610.

Form 990EZ, Part I, Line 16

Travel/conferences/meetings 2108.

Form 990EZ, Part I, Line 16

State membership dues 17938.

Form 990EZ, Part II, Line 24

Prepaid income tax 1952. 2568.

Form 990EZ, Part II, Line 24

Accounts rec-other 160. 0.

Form 990EZ, Part II, Line 26

Accounts payable 857. 750.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Pt III, Line 28:Youth Livestock Show/Fair-Contributed to local youth livestock show/fair. Purposes of the show are to promote responsibility, leadership skills and interest in raising farm animals for area youth. The County Farm Bureau volunteers as well as the local 4-H Clubs and FFA Chapters participate in this important event.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Pt III, Line 29:Annual Meeting: Held an annual meeting in which all members are invited. Purpose was to discuss relative local, statewide, and national agricultural issues, the importance of agriculture education, the business of the organization and current legislative issues as they relate to agriculture. Members of the county farm bureau, county farm bureau staff, county farm bureau voluntary leaders, Texas Farm Bureau staff and invited guests participated.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Pt III, Line 30: Members of the County Farm Bureau are also members of Texas Farm Bureau, a statewide agricultural organization (exempt under 501(c) (5)) that works for the betterment of agriculture and coordinates programs on a statewide basis. Members of the County Farm Bureau are also members of the American Farm Bureau, a national agricultural organization that also works for the betterment of agriculture.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3County Farm Bureau volunteers also help organize their members into separate agricultural commodity interests and participate in matters dealing with legislation that affects agriculture.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INS ACTIVITY INCOME 59407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TFB AWARDS 670.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER EXPENSES 3668.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7OFFICE OPERATIONS EXPENSES 2049.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8EQUIPMENT EXPENSES 610.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRAVEL/CONFERENCES/MEETINGS 2108.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10STATE MEMBERSHIP DUES 17938.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PREPAID INCOME TAX 1952. 2568.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ACCOUNTS REC-OTHER 160. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13ACCOUNTS PAYABLE 857. 750.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt III, Line 31
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 26
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ReturnHeader/ReturnTs02022-03-09T08:05:24-08:00
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ReturnHeader/TaxPeriodBeginDt02020-11-01
ReturnHeader/TaxPeriodEndDt02021-10-31
ReturnHeader/TaxYr02020

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