Civic Intelligence

Johnston County Farm Bureau Inc

EIN 56-0597776 • 501(c)5 • Smithfield, NC

Profile

Private, non-profit organization created to develop, foster, promote and protect programs for the welfare of farm people, including their economic, social and educational well-being.

PO Box 1837Smithfield, NC 27577-1837

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

51st percentile

8.0%

Higher net margin than 51% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

36th percentile

1.9%

Faster asset growth than 36% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

41st percentile

3.6%

Faster revenue growth than 41% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,106,750

Up $40,135 (+1.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,106,750

Up $40,135 (+1.9%) from 2023

Revenue

Up

$502,986

Up $17,529 (+3.6%) from 2023

Expenses

Down

$462,851

Down $14,075 (-3.0%) from 2023

Net Income

Up

$40,135

Up $31,604 (+370%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $1,731,464Liabilities 2010: $0Net Assets 2010: $1,731,4642010Assets 2011: $1,804,387Liabilities 2011: $0Net Assets 2011: $1,804,3872011Assets 2012: $1,869,462Liabilities 2012: $0Net Assets 2012: $1,869,4622012Assets 2013: $1,915,925Liabilities 2013: $0Net Assets 2013: $1,915,9252013Assets 2014: $1,775,622Liabilities 2014: $0Net Assets 2014: $1,775,6222014Assets 2015: $1,801,278Liabilities 2015: $0Net Assets 2015: $1,801,2782015Assets 2016: $1,831,082Liabilities 2016: $0Net Assets 2016: $1,831,0822016Assets 2017: $1,864,480Liabilities 2017: $0Net Assets 2017: $1,864,4802017Assets 2018: $1,866,849Liabilities 2018: $0Net Assets 2018: $1,866,8492018Assets 2019: $1,902,090Liabilities 2019: $0Net Assets 2019: $1,902,0902019Assets 2020: $1,961,298Liabilities 2020: $0Net Assets 2020: $1,961,2982020Assets 2021: $2,017,619Liabilities 2021: $0Net Assets 2021: $2,017,6192021Assets 2022: $2,058,084Liabilities 2022: $0Net Assets 2022: $2,058,0842022Assets 2023: $2,066,615Liabilities 2023: $0Net Assets 2023: $2,066,6152023Assets 2024: $2,106,750Liabilities 2024: $0Net Assets 2024: $2,106,7502024

Highlighted filing

2024

Assets$2,106,750
Liabilities$0
Net Assets$2,106,750

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2010: $565,490Expenses 2010: $478,493Net Income 2010: $86,9972010Expenses 2011: $328,1862011Expenses 2012: $342,9002012Revenue 2013: $366,609Expenses 2013: $320,146Net Income 2013: $46,4632013Revenue 2014: $226,527Expenses 2014: $366,830Net Income 2014: -$140,3032014Revenue 2015: $382,577Expenses 2015: $356,921Net Income 2015: $25,6562015Revenue 2016: $398,659Expenses 2016: $368,855Net Income 2016: $29,8042016Revenue 2017: $409,287Expenses 2017: $375,889Net Income 2017: $33,3982017Revenue 2018: $419,465Expenses 2018: $417,096Net Income 2018: $2,3692018Revenue 2019: $433,975Expenses 2019: $398,734Net Income 2019: $35,2412019Revenue 2020: $443,905Expenses 2020: $384,697Net Income 2020: $59,2082020Revenue 2021: $461,760Expenses 2021: $405,439Net Income 2021: $56,3212021Revenue 2022: $478,271Expenses 2022: $437,806Net Income 2022: $40,4652022Revenue 2023: $485,457Expenses 2023: $476,926Net Income 2023: $8,5312023Revenue 2024: $502,986Expenses 2024: $462,851Net Income 2024: $40,1352024

Highlighted filing

2024

Revenue$502,986
Expenses$462,851
Net Income$40,135

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.50$0.46$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$0.49$0.48$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.06$0.00$2.06$0.48$0.44$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$0.46$0.41$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.44$0.38$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.43$0.40$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.87$0.00$1.87$0.42$0.42$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.41$0.38$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.40$0.37$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.38$0.36$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.23$0.37$0.14
2013Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.37$0.32$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.00$1.87$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.00$1.80$0.33
2010Summary only. Only limited summary data is available for this year.$1.73$0.00$1.73$0.57$0.48$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 16, 2025
Return Version
2024v5.0
Gross Receipts
$750,347
Mission and Program Overview

Mission

Private, non-profit organization created to develop, foster, promote and protect programs for the welfare of farm people, including their economic, social and educational well-being.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,162,831$1,116,046▼ $46,785
Savings and Temporary Cash Investments$791,548$820,328▲ $28,780
Cash and Non-Interest-Bearing Accounts$112,236$170,376▲ $58,140
Total Assets$2,066,615$2,106,750▲ $40,135
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,066,615$2,106,750▲ $40,135
Total Net Assets Fund Balance$2,066,615$2,106,750▲ $40,135
Total Liabilities and Net Assets / Fund Balance$2,066,615$2,106,750▲ $40,135

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$881,134$677,255$1,558,389
Land$217,872-$217,872
Other Land Buildings$13,990$190,806$204,796
Leasehold Improvements$3,050$509$3,559
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tracy DenningPresident
Brandon BattenMember-bod
Charles Lee JrMember-bod
Daniel Ivan WellonsMember-bod
Eugene Douglas Woodall JrMember-bod
Gene CoxMember-bod
James Shepard Barbour JrMember-bod
James Thomas VinsonMember-bod
Jared PennyMember-bod
Jerry CoxMember-bod
Larry BarbourMember-bod
Larry MartinMember-bod
Loren ThorntonMember-bod
Mark WellonsMember-bod
Matthew RhodesMember-bod
Michelle DavisMember-bod
Myron SmithMember-bod
Randy EdwardsMember-bod
Ronald FishMember-bod
Royce Mitchell BoyetteMember-bod
Susan FordMember-bod
Tammy DenningMember-bod
William Bryant WellonsMember-bod
Charlie Steve BattenMEMBER=BOD
Jerry Dennis Durham JrSecretary
Billy BattenVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$426,725
Program Service Revenue
$0
Investment Income
$24,743
Other Revenue
$51,518
Change in Net Assets
$40,135
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$406,429
Grants and Similar Amounts Paid$56,422
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$247,326
Grants to Domestic Orgs---$35,222
Conferences and Meetings---$33,339
Occupancy---$32,602
Grants to Domestic Individuals---$21,200
Office Expenses---$17,534
Insurance---$8,566
Other Expenses---$5,267
All Other Expenses---$1,790
Fees for Services Accounting---$850
Advertising---$615
Total Functional Expenses$0$0$0$462,851
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Johnston County Youth LivestockSmithfield, NC3-$5,568
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

James shepard barbour, jr larry barbour membor-bod member-bod grandson-grandfather billy batten brandon batten vp member-bod cousins gene cox jerry cox member-bod member-bod brothers mark wellons william bryant wellons member-bod member-bod brothers mark wellons daniel wellons member-bod member-bod father/son william wellons daniel wellons member-bod member-bod uncle/nephew tracy denning tammy denning president member-bod husband & wife charles lee, jr. Billy batten member-bod vp brothers-in-law charlie steve batten brandon batten member-bod member-bod uncle/nephew charlie steve batten billy batten member-bod vp cousins randy edwards dennis durham member-bod secretary brothers-in-law

Form 990, Page 6, Part VI, Line 6

Members are persons and partnerships, unincorporated associations and corporations organized for agricultural purposes, actively engaged in the production of such products, lessors or landlords who receive rent, either in kind or in cash, all or part of the crop raised on the leased or rented premises, are eligible for membership in this organization. Members in good standing shall be entitled to vote at any regular or special meeting of members of the organization and each member shall have one vote.

Form 990, Page 6, Part VI, Line 7A

Regular members have the right to vote at the organizations annual meeting for the governing body as slated by the nominating committee. Regular members have the privilege to vote at special called meetings to fill vacancies or they can vote to defer filing a vacancy until the next annual meeting

Form 990, Page 6, Part VI, Line 11B

The county president reviews the form 990 and signs the return prior to mailing. The form 990 is not reviewed by the governing body.

Form 990, Page 6, Part VI, Line 19

If anyone were to inquire about viewing the form 990 or the governing documents the county liaison would make them available during regular business hours.

Filing and Contact Details

Filer

Filer Name
Johnston County Farm Bureau Inc
EIN
56-0597776
Phone
9199348148
Address
PO BOX 1837, SMITHFIELD, NC 27577-1837

Signing Officer

Name
Tracy Denning
Title
President
Phone
9199348148
Signed
2025-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy Denning
Formed
1956
Legal Domicile
Nc
Voting Board Members
26
Independent Board Members
26
Employees
0
Volunteers
1,054

Preparer

Firm
A T Allen & Company Llp Cpas
Address
2245 GATEWAY ACCESS PT STE 201, RALEIGH, NC 27607
Preparer
Ernest W Warner Jr
Phone
9197817550
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IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt2MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER=BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE-PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt20SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER-BOD
IRS990/Form990PartVIISectionAGrp/TitleTxt24PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt25MEMBER-BOD
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IRS990/LocalChaptersInd0false
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IRS990/MissionDesc0PRIVATE, NON-PROFIT ORGANIZATION CREATED TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE WELFARE OF FARM PEOPLE, INCLUDING THEIR ECONOMIC, SOCIAL AND EDUCATIONAL WELL-BEING.
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IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0OFFICE SUPPORT SERVICES
IRS990/OtherExpensesGrp/Desc1EDUCATION, PROMOTIONS, ET
IRS990/OtherExpensesGrp/Desc2DEPRECIATION
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
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IRS990/OtherExpensesGrp/TotalAmt110463
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IRS990/PrincipalOfficerNm0TRACY DENNING
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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLIC AWARENESS ACTIVITIES - TO INFORM THE PUBLIC OF THE IMPORTANCE OF AGRICULTURE TO THE ECONOMY OF THE COUNTY. COORDINATED AND HELPED TO SPONSER EVENTS WITH OTHER AGRICULTURE AND COMMUNITY GROUPS TO RAISE THE PUBLIC AWARENESS OF AGRICULTURAL ENTERPRISES WITHIN THE COUNTY AND TO INCREASE FARMER'S PRODUCTION KNOWLEDGE.
IRS990/ProgSrvcAccomActy3Grp/Desc0AGRICULTURAL LEADERSHIP DEVELOPMENT -PLANNED, CONDUCTED AND SUPPORTED ACTIVITIES FOR YOUTH AND ADULTS INVOLVED IN AGRICULTURE THAT PROVIDED OPPORTUNITIES TO EXPLORE THE AGRICULTURAL INDUSTRY AND DEVELOP LEADERSHIP SKILLS. THESE ACTIVITIES INCLUDED COLLEGE SCHOLARSHIPS FOR STUDENTS MAJORING IN AN AGRICULTURAL FIELD OF STUDY, INSTITUTE FOR FUTURE AGRICULTURAL LEADERSHIP AND VARIOUS LEADERSHIP CONFERENCES.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATION
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IRS990ScheduleI/RecipientTable/CashGrantAmt05568
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0JOHNSTON COUNTY YOUTH LIVESTOCK
IRS990ScheduleI/RecipientTable/RecipientEIN0566000311
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0520 COUNTY HOME RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SMITHFIELD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027577
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE COUNTY FARM BUREAU AWARDED TWENTY-SEVEN DONATIONS TO 501(C) 3 NOT-FOR PROFIT ORGANIZATIONS. EACH DONATION RANGED FROM 100 TO 5,568. THE BOARD ALSO AWARDED THIRTEEN EDUCATIONAL SCHOLARSHIPS OF 200 TO 2,000 EACH . THE BOARD OF DIRECTORS DETERMINES THE AMOUNTS & THE RECIPIENTS OF EACH AWARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES SHEPARD BARBOUR, JR LARRY BARBOUR MEMBOR-BOD MEMBER-BOD GRANDSON-GRANDFATHER BILLY BATTEN BRANDON BATTEN VP MEMBER-BOD COUSINS GENE COX JERRY COX MEMBER-BOD MEMBER-BOD BROTHERS MARK WELLONS WILLIAM BRYANT WELLONS MEMBER-BOD MEMBER-BOD BROTHERS MARK WELLONS DANIEL WELLONS MEMBER-BOD MEMBER-BOD FATHER/SON WILLIAM WELLONS DANIEL WELLONS MEMBER-BOD MEMBER-BOD UNCLE/NEPHEW TRACY DENNING TAMMY DENNING PRESIDENT MEMBER-BOD HUSBAND & WIFE CHARLES LEE, JR. BILLY BATTEN MEMBER-BOD VP BROTHERS-IN-LAW CHARLIE STEVE BATTEN BRANDON BATTEN MEMBER-BOD MEMBER-BOD UNCLE/NEPHEW CHARLIE STEVE BATTEN BILLY BATTEN MEMBER-BOD VP COUSINS RANDY EDWARDS DENNIS DURHAM MEMBER-BOD SECRETARY BROTHERS-IN-LAW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE PERSONS AND PARTNERSHIPS, UNINCORPORATED ASSOCIATIONS AND CORPORATIONS ORGANIZED FOR AGRICULTURAL PURPOSES, ACTIVELY ENGAGED IN THE PRODUCTION OF SUCH PRODUCTS, LESSORS OR LANDLORDS WHO RECEIVE RENT, EITHER IN KIND OR IN CASH, ALL OR PART OF THE CROP RAISED ON THE LEASED OR RENTED PREMISES, ARE ELIGIBLE FOR MEMBERSHIP IN THIS ORGANIZATION. MEMBERS IN GOOD STANDING SHALL BE ENTITLED TO VOTE AT ANY REGULAR OR SPECIAL MEETING OF MEMBERS OF THE ORGANIZATION AND EACH MEMBER SHALL HAVE ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGULAR MEMBERS HAVE THE RIGHT TO VOTE AT THE ORGANIZATIONS ANNUAL MEETING FOR THE GOVERNING BODY AS SLATED BY THE NOMINATING COMMITTEE. REGULAR MEMBERS HAVE THE PRIVILEGE TO VOTE AT SPECIAL CALLED MEETINGS TO FILL VACANCIES OR THEY CAN VOTE TO DEFER FILING A VACANCY UNTIL THE NEXT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COUNTY PRESIDENT REVIEWS THE FORM 990 AND SIGNS THE RETURN PRIOR TO MAILING. THE FORM 990 IS NOT REVIEWED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IF ANYONE WERE TO INQUIRE ABOUT VIEWING THE FORM 990 OR THE GOVERNING DOCUMENTS THE COUNTY LIAISON WOULD MAKE THEM AVAILABLE DURING REGULAR BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00

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