Civic Intelligence

Edgecombe County Farm Bureau Inc

990 • Fiscal year 2016 • EIN 56-0649066

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 08, 2017

P O Box 1558Tarboro, NC 27886-1558

(252) 823-8101

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

2016 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

34th percentile

0.00x

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

2016 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2016

Net Margin

29th percentile

-1.6%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

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

2016 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2016

Asset Growth

36th percentile

-0.3%

Faster asset growth than 36% of similar nonprofits.

2016 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

80th percentile

12%

Faster revenue growth than 80% of similar nonprofits.

2016 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$535,738

Down $1,758 (-0.3%) from 2015

Net Assets

Down

$535,738

Down $1,758 (-0.3%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$110,218

Up $12,003 (+12%) from 2015

Expenses

Down

$111,976

Down $6,171 (-5.2%) from 2015

Net Income

Up

-$1,758

Up $18,174 (+91%) from 2015

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $617,823Liabilities 2010: $66,174Net Assets 2010: $551,6492010Assets 2011: $617,623Liabilities 2011: $59,278Net Assets 2011: $558,3452011Assets 2012: $555,345Liabilities 2012: $0Net Assets 2012: $555,3452012Assets 2013: $550,588Liabilities 2013: $0Net Assets 2013: $550,5882013Assets 2014: $557,428Liabilities 2014: $0Net Assets 2014: $557,4282014Assets 2015: $537,496Liabilities 2015: $0Net Assets 2015: $537,4962015Assets 2016: $535,738Liabilities 2016: $0Net Assets 2016: $535,7382016Assets 2017: $547,170Liabilities 2017: $0Net Assets 2017: $547,1702017Assets 2018: $529,139Liabilities 2018: $0Net Assets 2018: $529,1392018Assets 2019: $529,019Liabilities 2019: $0Net Assets 2019: $529,0192019Assets 2020: $546,365Liabilities 2020: $0Net Assets 2020: $546,3652020Assets 2021: $546,994Liabilities 2021: $0Net Assets 2021: $546,9942021Assets 2022: $530,485Liabilities 2022: $0Net Assets 2022: $530,4852022Assets 2023: $496,513Liabilities 2023: $20,177Net Assets 2023: $476,3362023Assets 2024: $505,766Liabilities 2024: $12,713Net Assets 2024: $493,0532024

Highlighted filing

2016

Assets$535,738
Liabilities$0
Net Assets$535,738

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $174,712Expenses 2010: $169,301Net Income 2010: $5,4112010Revenue 2011: $139,343Expenses 2011: $132,647Net Income 2011: $6,6962011Expenses 2012: $121,9112012Revenue 2013: $115,520Expenses 2013: $120,277Net Income 2013: -$4,7572013Revenue 2014: $116,266Expenses 2014: $109,426Net Income 2014: $6,8402014Revenue 2015: $98,215Expenses 2015: $118,147Net Income 2015: -$19,9322015Revenue 2016: $110,218Expenses 2016: $111,976Net Income 2016: -$1,7582016Revenue 2017: $115,053Expenses 2017: $103,621Net Income 2017: $11,4322017Revenue 2018: $114,369Expenses 2018: $132,400Net Income 2018: -$18,0312018Revenue 2019: $112,272Expenses 2019: $112,392Net Income 2019: -$1202019Revenue 2020: $124,861Expenses 2020: $107,515Net Income 2020: $17,3462020Revenue 2021: $116,873Expenses 2021: $116,244Net Income 2021: $6292021Revenue 2022: $112,134Expenses 2022: $113,767Net Income 2022: -$1,6332022Revenue 2023: $142,980Expenses 2023: $210,818Net Income 2023: -$67,8382023Revenue 2024: $130,444Expenses 2024: $122,125Net Income 2024: $8,3192024

Highlighted filing

2016

Revenue$110,218
Expenses$111,976
Net Income-$1,758
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 8, 2017
Return Version
2016v3.0
Gross Receipts
$160,468
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
Savings and Temporary Cash Investments$249,542$251,533▲ $1,991
Land, Buildings, and Equipment, Net$241,769$231,201▼ $10,568
Cash and Non-Interest-Bearing Accounts$46,185$53,004▲ $6,819
Total Assets$537,496$535,738▼ $1,758
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$537,496$535,738▼ $1,758
Total Net Assets Fund Balance$537,496$535,738▼ $1,758
Total Liabilities and Net Assets / Fund Balance$537,496$535,738▼ $1,758

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$216,828$156,373$373,201
Other Land Buildings$6,143$44,658$50,801
Land$8,000-$8,000
Equipment$230$2,397$2,627
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tom PorterPresident
Shane VarnellV-president
Ben SheltonMember Bod
Bert PittMember Bod
Gwen PittMember Bod
Jesse LancasterMember Bod
Joe SuggsMember Bod
John R Grimes IiiMember Bod
John Rodger Grimes JrMember Bod
Kent SmithMember Bod
Seba L AllenMember Bod
Thomas C CherryMember Bod
Jimmie JerniganMember-bod
Lee KirklandSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$93,550
Program Service Revenue
$0
Investment Income
$1,996
Other Revenue
$14,672
Change in Net Assets
$-1,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,385
Grants and Similar Amounts Paid$20,591
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$53,853
Grants to Domestic Orgs---$20,591
Occupancy---$7,899
Conferences and Meetings---$7,410
Office Expenses---$3,076
Insurance---$2,466
Fees for Services Accounting---$700
Advertising---$660
Other Expenses---$484
All Other Expenses---$186
Total Functional Expenses$0$0$0$111,976
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Eastern Carolina Livestock AssociatAyden, NC3Animal Show Sponser$7,941
Edgecomb County 4-hTarboro, NCGovEducation$6,150
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 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

Bert pitt gwen pitt member bod member bod married

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
Edgecombe County Farm Bureau Inc
EIN
56-0649066
Phone
2528238101
Address
P O BOX 1558, TARBORO, NC 27886-1558

Signing Officer

Name
Tom Porter
Title
President
Phone
2528238101
Signed
2017-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Porter
Formed
1953
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
281

Preparer

Firm
A T Allen & Company Llp Cpas
Address
2245 GATEWAY ACCESS PT STE 201, RALEIGH, NC 27607
Preparer
Ronald G Pittman
Phone
9197817550
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0251533
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0216828
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156373
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0373201
IRS990ScheduleD/EquipmentGrp/BookValueAmt0230
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02397
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02627
IRS990ScheduleD/LandGrp/BookValueAmt08000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06143
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt044658
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt050801
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0231201
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt06150
IRS990ScheduleI/RecipientTable/CashGrantAmt17941
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc13
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ANIMAL SHOW SPONSER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDGECOMB COUNTY 4-H
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1EASTERN CAROLINA LIVESTOCK ASSOCIAT
IRS990ScheduleI/RecipientTable/RecipientEIN0566000298
IRS990ScheduleI/RecipientTable/RecipientEIN1462840423
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 SAINT ANDREW STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt17835 HWY 11 SOUTH
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TARBORO
IRS990ScheduleI/RecipientTable/USAddress/CityNm1AYDEN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027886
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd128513
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE COUNTY FARM BUREAU AWARDED NINE DONATIONS TO 501(C) 3 NOT-FOR PROFIT ORGANIZATIONS. EACH DONATION RANGED FROM 150 TO 7,941. THE BOARD OF DIRECTORS DETERMINES THE AMOUNTS & THE RECIPIENTS OF EACH AWARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BERT PITT GWEN PITT MEMBER BOD MEMBER BOD MARRIED
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0537496
IRS990/TotalAssetsEOYAmt0535738
IRS990/TotalAssetsGrp/BOYAmt0537496
IRS990/TotalAssetsGrp/EOYAmt0535738
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt093550
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111976
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0537496
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0535738
IRS990/TotalRevenueGrp/ExclusionAmt016668
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0110218
IRS990/TotalVolunteersCnt0281
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0537496
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0535738
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0537496
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0535738
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03930 MEADOWBROOK ROAD
IRS990/USAddress/CityNm0ROCKY MOUNT
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027801
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOM PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02528238101
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDGECOMBE COUNTY FARM BUREAU INC
ReturnHeader/Filer/BusinessNameControlTxt0EDGE
ReturnHeader/Filer/EIN0560649066
ReturnHeader/Filer/PhoneNum02528238101
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1558
ReturnHeader/Filer/USAddress/CityNm0TARBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0278861558
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C0125F9421078ED98C3B00F48788C1FFF0A76CE9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C0125F9421078ED98C3B00F48788C1FFF0A76CE9
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560119050
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0A T ALLEN & COMPANY LLP CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02245 GATEWAY ACCESS PT STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027607
ReturnHeader/PreparerPersonGrp/PhoneNum09197817550
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD G PITTMAN
ReturnHeader/ReturnTs02017-10-17T14:54:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.06$0.13$4.93$1.30$1.22$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.97$0.20$4.76$1.43$2.11$0.68
2022Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$1.12$1.14$0.02
2021Detailed filing. Detailed filing data is available for this year.$5.47$0.00$5.47$1.17$1.16$0.01
2020Detailed filing. Detailed filing data is available for this year.$5.46$0.00$5.46$1.25$1.08$0.17
2019Detailed filing. Detailed filing data is available for this year.$5.29$0.00$5.29$1.12$1.12$0.00
2018Detailed filing. Detailed filing data is available for this year.$5.29$0.00$5.29$1.14$1.32$0.18
2017Detailed filing. Detailed filing data is available for this year.$5.47$0.00$5.47$1.15$1.04$0.11
2016Detailed filing. Detailed filing data is available for this year.$5.36$0.00$5.36$1.10$1.12$0.02
2015Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$0.98$1.18$0.20
2014Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$1.16$1.09$0.07
2013Detailed filing. Detailed filing data is available for this year.$5.51$0.00$5.51$1.16$1.20$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.55$0.00$5.55$1.22
2011Summary only. Only limited summary data is available for this year.$6.18$0.59$5.58$1.39$1.33$0.07
2010Summary only. Only limited summary data is available for this year.$6.18$0.66$5.52$1.75$1.69$0.05