Civic Intelligence

Cabarrus County Farm Bureau Inc

990 • Fiscal year 2014 • EIN 56-6065124

Jan 01, 2014 to Dec 31, 2014 • Filed on May 06, 2015

PO Box 128Concord, NC 28026

(704) 788-1119

Siviq Scores

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

Liabilities / Assets

95th percentile

0.59x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

3.81x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2014

Net Margin

29th percentile

-1.3%

Higher net margin than 29% of similar nonprofits.

2014 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

2014 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2014

Asset Growth

28th percentile

-2.8%

Faster asset growth than 28% of similar nonprofits.

2014 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-2.4%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$950,510

Down $27,057 (-2.8%) from 2013

Net Assets

Down

$385,015

Down $1,866 (-0.5%) from 2013

Liabilities

Down

$565,495

Down $25,191 (-4.3%) from 2013

Revenue

Down

$148,389

Down $3,683 (-2.4%) from 2013

Expenses

Up

$150,255

Up $1,312 (+0.9%) from 2013

Net Income

Down

-$1,866

Down $4,995 (-160%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $997,554Liabilities 2011: $636,594Net Assets 2011: $360,9602011Assets 2012: $998,107Liabilities 2012: $614,355Net Assets 2012: $383,7522012Assets 2013: $977,567Liabilities 2013: $590,686Net Assets 2013: $386,8812013Assets 2014: $950,510Liabilities 2014: $565,495Net Assets 2014: $385,0152014Assets 2015: $935,472Liabilities 2015: $538,683Net Assets 2015: $396,7892015Assets 2016: $921,012Liabilities 2016: $510,147Net Assets 2016: $410,8652016Assets 2017: $903,404Liabilities 2017: $479,774Net Assets 2017: $423,6302017Assets 2018: $846,168Liabilities 2018: $447,449Net Assets 2018: $398,7192018Assets 2019: $1,277,553Liabilities 2019: $877,243Net Assets 2019: $400,3102019Assets 2020: $1,253,421Liabilities 2020: $827,615Net Assets 2020: $425,8062020Assets 2021: $1,203,324Liabilities 2021: $774,759Net Assets 2021: $428,5652021Assets 2022: $1,151,253Liabilities 2022: $718,467Net Assets 2022: $432,7862022Assets 2023: $1,119,009Liabilities 2023: $675,936Net Assets 2023: $443,0732023Assets 2024: $1,076,562Liabilities 2024: $632,606Net Assets 2024: $443,9562024

Highlighted filing

2014

Assets$950,510
Liabilities$565,495
Net Assets$385,015

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $192,787Expenses 2011: $167,109Net Income 2011: $25,6782011Revenue 2012: $159,388Expenses 2012: $136,596Net Income 2012: $22,7922012Revenue 2013: $152,072Expenses 2013: $148,943Net Income 2013: $3,1292013Revenue 2014: $148,389Expenses 2014: $150,255Net Income 2014: -$1,8662014Revenue 2015: $161,199Expenses 2015: $149,425Net Income 2015: $11,7742015Revenue 2016: $168,931Expenses 2016: $154,855Net Income 2016: $14,0762016Revenue 2017: $177,698Expenses 2017: $164,933Net Income 2017: $12,7652017Revenue 2018: $128,207Expenses 2018: $153,118Net Income 2018: -$24,9112018Revenue 2019: $171,810Expenses 2019: $170,219Net Income 2019: $1,5912019Revenue 2020: $175,480Expenses 2020: $149,984Net Income 2020: $25,4962020Revenue 2021: $180,663Expenses 2021: $177,904Net Income 2021: $2,7592021Revenue 2022: $189,188Expenses 2022: $184,967Net Income 2022: $4,2212022Revenue 2023: $202,085Expenses 2023: $191,798Net Income 2023: $10,2872023Revenue 2024: $206,340Expenses 2024: $205,457Net Income 2024: $8832024

Highlighted filing

2014

Revenue$148,389
Expenses$150,255
Net Income-$1,866
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 6, 2015
Return Version
2014v5.0
Gross Receipts
$261,114
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$808,421$786,656▼ $21,765
Savings and Temporary Cash Investments$62,906$143,144▲ $80,238
Cash and Non-Interest-Bearing Accounts$106,240$20,710▼ $85,530
Total Assets$977,567$950,510▼ $27,057
Liabilities
Mortgage Notes Payable Secured by Investment Property$590,686$565,495▼ $25,191
Total Liabilities$590,686$565,495▼ $25,191
Net Assets / Fund Balance
Unrestricted Net Assets$386,881$385,015▼ $1,866
Total Net Assets Fund Balance$386,881$385,015▼ $1,866
Total Liabilities and Net Assets / Fund Balance$977,567$950,510▼ $27,057

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$775,664$258,253$1,033,917
Other Land Buildings$9,110$67,783$76,893
Equipment-$2,272$2,272
Land$1,882-$1,882
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tommy PorterPresident
Douglas Harkey2nd Vice Pre
Danny ClineMember - Bod
David PlessMember - Bod
Fred MotleyMember - Bod
John WalkerMember - Bod
Kenneth Max BarrierMember - Bod
Neal Van McglameryMember - Bod
Tony BondsMember - Bod
Mike HarkeyMember-bod
Jerry PlessSecretary/ T
Larry TaylorVice - Presi
Revenue and Support

Revenue Composition

Contributions and Grants
$139,425
Program Service Revenue
$0
Investment Income
$-105
Other Revenue
$9,069
Change in Net Assets
$-1,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,424
Grants and Similar Amounts Paid$11,831
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates---$80,837
Conferences and Meetings---$15,005
Office Expenses---$6,589
Grants to Domestic Individuals---$6,000
Grants to Domestic Orgs---$5,831
Interest---$5,720
Occupancy---$5,477
Insurance---$3,859
Other Expenses---$1,545
Fees for Services Other---$1,225
All Other Expenses---$404
Advertising---$384
Total Functional Expenses$0$0$0$150,255
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

Mike harkey douglas harkey 2nd v - pres member - bod family relative jerry pless david pless secretary member - bod family relative

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. Associate members are interested in agriculture and shall not be eligible to hold office in this corporation and shall not be entitled to vote in the meetings or proceedings thereof.

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

Regular members have the right to vote at the organization's 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
Cabarrus County Farm Bureau Inc
EIN
56-6065124
Phone
7047881119
Address
PO BOX 128, CONCORD, NC 28026

Signing Officer

Name
Tommy Porter
Title
President
Phone
7047881119
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tommy Porter
Formed
1963
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
240

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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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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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE - PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/ T
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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.
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IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0775664
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0258253
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01033917
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02272
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02272
IRS990ScheduleD/LandGrp/BookValueAmt01882
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01882
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09110
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt067783
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt076893
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0786656
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0EDUCATIONAL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt06
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE COUNTY FARM BUREAU AWARDED SIXTEEN DONATIONS TO 501(C) 3 NOT-FOR PROFIT ORGANIZATIONS. EACH DONATION RANGED FROM 100 TO 500. ALSO AWARDED WERE 6 EDUCATIONAL SCHOLARSHIPS OF 1,000 EACH. THE BOARD OF DIRECTORS DETERMINES THE AMOUNTS & THE RECIPIENTS OF EACH AWARD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MIKE HARKEY DOUGLAS HARKEY 2ND V - PRES MEMBER - BOD FAMILY RELATIVE JERRY PLESS DAVID PLESS SECRETARY MEMBER - BOD FAMILY RELATIVE
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. ASSOCIATE MEMBERS ARE INTERESTED IN AGRICULTURE AND SHALL NOT BE ELIGIBLE TO HOLD OFFICE IN THIS CORPORATION AND SHALL NOT BE ENTITLED TO VOTE IN THE MEETINGS OR PROCEEDINGS THEREOF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGULAR MEMBERS HAVE THE RIGHT TO VOTE AT THE ORGANIZATION'S 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/TotalAssetsBOYAmt0977567
IRS990/TotalAssetsEOYAmt0950510
IRS990/TotalAssetsGrp/BOYAmt0977567
IRS990/TotalAssetsGrp/EOYAmt0950510
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0139425
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0150255
IRS990/TotalGrossUBIAmt0-12177
IRS990/TotalLiabilitiesBOYAmt0590686
IRS990/TotalLiabilitiesEOYAmt0565495
IRS990/TotalLiabilitiesGrp/BOYAmt0590686
IRS990/TotalLiabilitiesGrp/EOYAmt0565495
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0386881
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0385015
IRS990/TotalRevenueGrp/ExclusionAmt021483
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-342
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148389
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-12177
IRS990/TotalVolunteersCnt0240
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0977567
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0950510
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0386881
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0385015
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 128
IRS990/USAddress/CityNm0CONCORD
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd028025
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TOMMY PORTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07047881119
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CABARRUS COUNTY FARM BUREAU INC
ReturnHeader/Filer/BusinessNameControlTxt0CABA
ReturnHeader/Filer/EIN0566065124
ReturnHeader/Filer/PhoneNum07047881119
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 128
ReturnHeader/Filer/USAddress/CityNm0CONCORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028026
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/PreparationDt02015-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RONALD G PITTMAN
ReturnHeader/ReturnTs02015-05-20T16:05:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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.$1.08$0.63$0.44$0.21$0.21$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.12$0.68$0.44$0.20$0.19$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.15$0.72$0.43$0.19$0.18$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.20$0.77$0.43$0.18$0.18$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.83$0.43$0.18$0.15$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.28$0.88$0.40$0.17$0.17$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.85$0.45$0.40$0.13$0.15$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.90$0.48$0.42$0.18$0.16$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.51$0.41$0.17$0.15$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.54$0.40$0.16$0.15$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.57$0.39$0.15$0.15$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.98$0.59$0.39$0.15$0.15$0.00
2012Summary only. Only limited summary data is available for this year.$1.00$0.61$0.38$0.16$0.14$0.02
2011Summary only. Only limited summary data is available for this year.$1.00$0.64$0.36$0.19$0.17$0.03