Civic Intelligence

Davidson County Farm Bureau Inc

990 • Fiscal year 2017 • EIN 56-6063095

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 30, 2018

PO Box 688Lexington, NC 27293-0688

(336) 249-4916

Siviq Scores

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

Liabilities / Assets

34th percentile

0.00x

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

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

34th percentile

0.00x

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

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Net Margin

57th percentile

7.0%

Higher net margin than 57% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Asset Growth

47th percentile

3.2%

Faster asset growth than 47% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

69th percentile

6.7%

Faster revenue growth than 69% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$674,380

Up $20,987 (+3.2%) from 2016

Net Assets

Up

$674,380

Up $20,987 (+3.2%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$300,375

Up $18,895 (+6.7%) from 2016

Expenses

Up

$279,388

Up $15,782 (+6.0%) from 2016

Net Income

Up

$20,987

Up $3,113 (+17%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $566,889Liabilities 2010: $55,958Net Assets 2010: $510,9312010Assets 2011: $592,208Liabilities 2011: $41,416Net Assets 2011: $550,7922011Assets 2012: $603,225Liabilities 2012: $24,577Net Assets 2012: $578,6482012Assets 2013: $629,244Liabilities 2013: $0Net Assets 2013: $629,2442013Assets 2014: $625,588Liabilities 2014: $0Net Assets 2014: $625,5882014Assets 2015: $635,519Liabilities 2015: $0Net Assets 2015: $635,5192015Assets 2016: $653,393Liabilities 2016: $0Net Assets 2016: $653,3932016Assets 2017: $674,380Liabilities 2017: $0Net Assets 2017: $674,3802017Assets 2018: $697,167Liabilities 2018: $0Net Assets 2018: $697,1672018Assets 2019: $669,936Liabilities 2019: $0Net Assets 2019: $669,9362019Assets 2020: $926,293Liabilities 2020: $0Net Assets 2020: $926,2932020Assets 2021: $1,662,600Liabilities 2021: $693,856Net Assets 2021: $968,7442021Assets 2022: $1,551,611Liabilities 2022: $562,711Net Assets 2022: $988,9002022Assets 2023: $1,551,283Liabilities 2023: $527,274Net Assets 2023: $1,024,0092023Assets 2024: $1,553,026Liabilities 2024: $490,623Net Assets 2024: $1,062,4032024

Highlighted filing

2017

Assets$674,380
Liabilities$0
Net Assets$674,380

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $415,623Expenses 2010: $364,255Net Income 2010: $51,3682010Expenses 2011: $228,4682011Expenses 2012: $243,6232012Revenue 2013: $301,408Expenses 2013: $250,812Net Income 2013: $50,5962013Revenue 2014: $255,528Expenses 2014: $259,184Net Income 2014: -$3,6562014Revenue 2015: $269,429Expenses 2015: $259,498Net Income 2015: $9,9312015Revenue 2016: $281,480Expenses 2016: $263,606Net Income 2016: $17,8742016Revenue 2017: $300,375Expenses 2017: $279,388Net Income 2017: $20,9872017Revenue 2018: $311,135Expenses 2018: $288,348Net Income 2018: $22,7872018Revenue 2019: $252,523Expenses 2019: $279,754Net Income 2019: -$27,2312019Revenue 2020: $514,027Expenses 2020: $257,670Net Income 2020: $256,3572020Revenue 2021: $315,923Expenses 2021: $273,472Net Income 2021: $42,4512021Revenue 2022: $322,368Expenses 2022: $302,212Net Income 2022: $20,1562022Revenue 2023: $359,167Expenses 2023: $324,058Net Income 2023: $35,1092023Revenue 2024: $391,669Expenses 2024: $353,275Net Income 2024: $38,3942024

Highlighted filing

2017

Revenue$300,375
Expenses$279,388
Net Income$20,987
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 30, 2018
Return Version
2017v2.3
Gross Receipts
$447,828
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$332,430$370,167▲ $37,737
Land, Buildings, and Equipment, Net$260,701$254,508▼ $6,193
Cash and Non-Interest-Bearing Accounts$50,278$39,721▼ $10,557
Prepaid Expenses and Deferred Charges$9,984$9,984→ $0
Total Assets$653,393$674,380▲ $20,987
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$653,393$674,380▲ $20,987
Total Net Assets Fund Balance$653,393$674,380▲ $20,987
Total Liabilities and Net Assets / Fund Balance$653,393$674,380▲ $20,987

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$116,183$111,591$227,774
Land$134,038-$134,038
Equipment$1,235$18,097$19,332
Buildings$3,052$12,693$15,745
Compensation and Service Providers

Board Members and Trustees

NameTitle
George SmithPresident
James DavisV-president
Adam HiltonMember-bod
Brian MotsingerMember-bod
Charles ThomasMember-bod
Coy BeardMember-bod
Glenn SheetsMember-bod
Guy BowersMember-bod
Henry SinkMember-bod
Joe HegeMember-bod
Lanny HedgecockMember-bod
Mark SniderMember-bod
Roger BlakeMember-bod
Vivian CrouseMember-bod
Robert WalserSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$284,150
Program Service Revenue
$0
Investment Income
$2,737
Other Revenue
$13,488
Change in Net Assets
$20,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$246,168
Grants and Similar Amounts Paid$33,220
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$164,850
Grants to Domestic Orgs---$32,220
Occupancy---$15,024
Conferences and Meetings---$8,275
Office Expenses---$6,463
Insurance---$6,237
Other Expenses---$1,084
Grants to Domestic Individuals---$1,000
Fees for Services Accounting---$700
All Other Expenses---$330
Advertising---$149
Total Functional Expenses$0$0$0$279,388
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davidson County 4-hLexington, NC3Program Support$11,000
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 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
Davidson County Farm Bureau Inc
EIN
56-6063095
Phone
3362494916
Address
PO BOX 688, LEXINGTON, NC 27293-0688

Signing Officer

Name
George Smith
Title
President
Phone
3362494916
Signed
2018-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Smith
Formed
1963
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
576

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/PYOtherExpensesAmt0231606
IRS990/PYOtherRevenueAmt09451
IRS990/PYRevenuesLessExpensesAmt017874
IRS990/PYTotalExpensesAmt0263606
IRS990/PYTotalRevenueAmt0281480
IRS990/ReconcilationRevenueExpnssAmt020987
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt013488
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0332430
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0370167
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03052
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012693
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt015745
IRS990ScheduleD/EquipmentGrp/BookValueAmt01235
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018097
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019332
IRS990ScheduleD/LandGrp/BookValueAmt0134038
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0134038
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0116183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0111591
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0227774
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0254508
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IRS990ScheduleI/RecipientTable/CashGrantAmt011000
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DAVIDSON COUNTY 4-H
IRS990ScheduleI/RecipientTable/RecipientEIN0566000294
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0301 EAST CENTER ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0301 EAST CENTER ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEXINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027292
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE COUNTY FARM BUREAU AWARDED TWENTY-NINE DONATIONS TO 501(C) 3 NOT-FOR PROFIT ORGANIZATIONS. EACH DONATION RANGED FROM 50 TO 11,000. THE BOARD ALSO AWARDED ONE EDUCATIONAL SCHOLARSHIP OF 1,000. THE BOARD OF DIRECTORS DETERMINES THE AMOUNTS & THE RECIPIENTS OF EACH AWARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS 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/ExplanationTxt1REGULAR 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/ExplanationTxt2THE 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/ExplanationTxt3IF 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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0653393
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IRS990/TotalAssetsGrp/EOYAmt0674380
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0284150
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0279388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0653393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0674380
IRS990/TotalRevenueGrp/ExclusionAmt016225
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0300375
IRS990/TotalVolunteersCnt0576
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0653393
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0674380
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0653393
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0674380
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02750 JERSEY CHURCH RD
IRS990/USAddress/CityNm0LEXINGTON
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027292
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03362494916
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DAVIDSON COUNTY FARM BUREAU INC
ReturnHeader/Filer/BusinessNameControlTxt0DAVI
ReturnHeader/Filer/EIN0566063095
ReturnHeader/Filer/PhoneNum03362494916
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 688
ReturnHeader/Filer/USAddress/CityNm0LEXINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0272930688
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03E3990B863ABE5233B476C8E312E97EC0E238E85
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C0125F9421078ED98C3B00F48788C1FFF0A76CE9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.63.160.18
ReturnHeader/FilingSecurityInformation/IPDt02018-07-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:41:34
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/PreparationDt02018-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD G PITTMAN
ReturnHeader/ReturnTs02018-07-30T09:41:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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.$1.55$0.49$1.06$0.39$0.35$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.55$0.53$1.02$0.36$0.32$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.56$0.99$0.32$0.30$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.66$0.69$0.97$0.32$0.27$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.93$0.00$0.93$0.51$0.26$0.26
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.25$0.28$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.31$0.29$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.30$0.28$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.28$0.26$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.27$0.26$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.26$0.26$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.30$0.25$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.02$0.58$0.24
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.04$0.55$0.23
2010Summary only. Only limited summary data is available for this year.$0.57$0.06$0.51$0.42$0.36$0.05