Civic Intelligence

Magoffin County Farm Bureau

EIN 61-6033226 • 501(c)5 • Salyersville, KY

Profile

Non- Profit Farmers Organization

PO Box 584Salyersville, KY 41465-0584
Siviq Scores

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

Liabilities / Assets

96th percentile

0.37x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

100th percentile

4.47x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2022

Net Margin

98th percentile

68%

Higher net margin than 98% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2022

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

501(c)5 • <$500k nonprofits • Source year 2022

Asset Growth

52nd percentile

2.5%

Faster asset growth than 52% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-35%

Faster revenue growth than 9% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$497,569

Up $12,302 (+2.5%) from 2021

Liabilities

Down

$183,653

Down $15,459 (-7.8%) from 2021

Net Assets

Up

$313,916

Up $27,761 (+9.7%) from 2021

Operations
Liabilities / Revenue100th percentileNet Margin98th percentile

Revenue

Down

$41,068

Down $22,476 (-35%) from 2021

Expenses

Down

$13,307

Down $10,119 (-43%) from 2021

Net Income

Down

$27,761

Down $12,357 (-31%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth52nd percentile

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

$600K$400K$200K$0Assets 2011: $54,705Liabilities 2011: $02011Assets 2012: $75,793Liabilities 2012: $02012Assets 2013: $82,827Liabilities 2013: $02013Assets 2014: $106,945Liabilities 2014: $02014Assets 2015: $123,357Liabilities 2015: $02015Assets 2016: $148,044Liabilities 2016: $02016Assets 2017: $167,016Liabilities 2017: $02017Assets 2018: $187,353Liabilities 2018: $02018Assets 2019: $388,642Liabilities 2019: $180,0002019Assets 2020: $441,847Liabilities 2020: $195,8102020Assets 2021: $485,267Liabilities 2021: $199,112Net Assets 2021: $286,1552021Assets 2022: $497,569Liabilities 2022: $183,653Net Assets 2022: $313,9162022

Highlighted filing

2022

Assets$497,569
Liabilities$183,653
Net Assets$313,916
Open 2022 Filing

Operations Trend

Revenue Growth9th percentile

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

$100K$50K$0-$50KRevenue 2011: $27,983Expenses 2011: $22,513Net Income 2011: $5,4702011Revenue 2012: $23,768Expenses 2012: $22,044Net Income 2012: $1,7242012Revenue 2013: $23,715Expenses 2013: $19,187Net Income 2013: $4,5282013Revenue 2014: $42,481Expenses 2014: $18,762Net Income 2014: $23,7192014Revenue 2015: $42,490Expenses 2015: $26,078Net Income 2015: $16,4122015Revenue 2016: $46,931Expenses 2016: $21,726Net Income 2016: $25,2052016Revenue 2017: $64,814Expenses 2017: $96,155Net Income 2017: -$31,3412017Revenue 2018: $50,561Expenses 2018: $19,363Net Income 2018: $31,1982018Revenue 2019: $42,915Expenses 2019: $21,626Net Income 2019: $21,2892019Revenue 2020: $59,533Expenses 2020: $22,138Net Income 2020: $37,3952020Revenue 2021: $63,544Expenses 2021: $23,426Net Income 2021: $40,1182021Revenue 2022: $41,068Expenses 2022: $13,307Net Income 2022: $27,7612022

Highlighted filing

2022

Revenue$41,068
Expenses$13,307
Net Income$27,761
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$497,569
Liabilities
$183,653
Net assets
$313,916
Revenue
$41,068
Expenses
$13,307
Net income
$27,761
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$4.98$1.84$3.14$0.41$0.13$0.28
2021Detailed filing. Detailed filing data is available for this year.$4.85$1.99$2.86$0.64$0.23$0.40
2020Summary only. Only limited summary data is available for this year.$4.42$1.96$0.60$0.22$0.37
2019Summary only. Only limited summary data is available for this year.$3.89$1.80$0.43$0.22$0.21
2018Summary only. Only limited summary data is available for this year.$1.87$0.00$0.51$0.19$0.31
2017Summary only. Only limited summary data is available for this year.$1.67$0.00$0.65$0.96$0.31
2016Summary only. Only limited summary data is available for this year.$1.48$0.00$0.47$0.22$0.25
2015Summary only. Only limited summary data is available for this year.$1.23$0.00$0.42$0.26$0.16
2014Summary only. Only limited summary data is available for this year.$1.07$0.00$0.42$0.19$0.24
2013Summary only. Only limited summary data is available for this year.$0.83$0.00$0.24$0.19$0.05
2012Summary only. Only limited summary data is available for this year.$0.76$0.00$0.24$0.22$0.02
2011Summary only. Only limited summary data is available for this year.$0.55$0.00$0.28$0.23$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 11, 2023
Return Version
2022v5.0
Gross Receipts
$41,068
Mission and Program Overview

Mission

Non- Profit Farmers Organization

Program Services

DescriptionGrantsExpenses
Youth Programs -We sponsor scholarships for youth attending college and participating in activities as well as 4-H programs.$0$4,482
Administration -Postage needed to contact membership program benefits and dues. We have approximate 1600 members$0$2,500
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
James GullettPresidentPT$0--
Lula ReedVice PresidentPT$0--
Wayne D CollinsworthSecretarytreasurerPT$0--
James ReedDirector-$0--
Darrel KetihDirector-$0--
Maurine ArnettDirector-$0--
Jesse Rudd IIDirector-$0--
James RatliffDirector-$0--
Sherry GreenWomen'S Chair-$0--
Filing and Contact Details

Filer

Filer Name
Magoffin County FARM BUREAU
EIN
61-6033226
In Care Of
% James Gullett
Address
PO BOX 584, SALYERSVILLE, KY 41465-0584

Signing Officer

Name
James Gullett
Title
President
Signed
2023-05-11
Supplemental Narrative

Additional Explanations

Part I, line 8

“| Other Revenues:, Amount:| Bonus, $785|”

Part I, line 10

“| Grants And Similar Amounts Paid:, Amount:| Collection fees, $2963|”

Part I, line 16

“| Other Expenses:, Amount:| City & County Property Tax, $6769| Insurance, $2248|”

Part II, line 26

“| Explanation:, BOYAmount:, EOYAmount:| KFB Building Loan, $199112, $183653|”

Raw XML Appendix148 raw XML fields

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

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BenefitsPaidToOrForMembersAmt0727
IRS990EZ/BooksInCareOfDetail/PersonNm0James Gullett
IRS990EZ/BooksInCareOfDetail/PhoneNum06067916628
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02958 Falcon Rd
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Salyersville
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd041465
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt054791
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt051358
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt027761
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0485267
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0497569
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt02963
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt041068
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt09600
IRS990EZ/LandAndBuildingsGrp/BOYAmt0430476
IRS990EZ/LandAndBuildingsGrp/EOYAmt0446211
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt028685
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0286155
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0313916
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0286155
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0313916
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt012
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt16
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt28
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt52
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt62
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt72
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt84
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0James Gullett
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Lula Reed
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Wayne D Collinsworth
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3James Reed
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Darrel Ketih
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Maurine Arnett
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6Jesse Rudd II
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7James Ratliff
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Sherry Green
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SecretaryTreasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Women's Chair
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt09017
IRS990EZ/OtherRevenueTotalAmt0785
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Non- Profit Farmers Organization
IRS990EZ/ProgramServiceRevenueAmt01998
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Administration -Postage needed to contact membership program benefits and dues. We have approximate 1600 members
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Youth Programs -We sponsor scholarships for youth attending college and participating in activities as well as 4-H programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt14482
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0600
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0199112
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0183653
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt013307
IRS990EZ/TotalProgramServiceExpensesAmt06982
IRS990EZ/TotalRevenueAmt041068
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Other Revenues:, Amount:| Bonus, $785|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Grants And Similar Amounts Paid:, Amount:| Collection fees, $2963|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Other Expenses:, Amount:| City & County Property Tax, $6769| Insurance, $2248|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Explanation:, BOYAmount:, EOYAmount:| KFB Building Loan, $199112, $183653|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, line 26
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0James Gullett
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Magoffin County FARM BUREAU
ReturnHeader/Filer/BusinessNameControlTxt0MAGO
ReturnHeader/Filer/EIN0616033226
ReturnHeader/Filer/ForeignPhoneNum06067916628
ReturnHeader/Filer/InCareOfNm0% James Gullett
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 584
ReturnHeader/Filer/USAddress/CityNm0SALYERSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd0414650584
ReturnHeader/ReturnTs02023-05-11T03:38:39-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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