Forsyth County Farm Bureau INC

Not tax-deductible

Winston Salem, NC501(c)(5)Since 1954EIN 56-0747715Revenue $514K in FY2025

On file with the IRS4280 N Patterson Ave, 27105-1612 · Winston Salem, NCTax-exempt since Dec 1963

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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.

Run by 218 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average deficit $224 a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
7 mo
of spending, in cash
Looks good: 7.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$514K
+13% vs prior year
Spent
$512K
Net assets
$429K
By yearFY2020–FY2025
Revenue
$514K
FY2025▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$374K
FY2021$400K
FY2022$418K
FY2023$468K
FY2024$456K
FY2025$514K
Expenses
$512K
FY2025▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$385K
FY2021$381K
FY2022$412K
FY2023$458K
FY2024$484K
FY2025$512K
Net assets
$429K
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$420K
FY2021$439K
FY2022$445K
FY2023$455K
FY2024$427K
FY2025$429K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1963.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Member-Bod
$0Pt VII · Sec A
Member-Bod
$0Pt VII · Sec A
V-President
$0Pt VII · Sec A
Member-Bod
$0Pt VII · Sec A
$0Pt VII · Sec A
See Forsyth County Farm Bureau INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports farmers' economic, social, and educational well-being through program development and promotion.

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Provided by the organization

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3 programs · in their own filed words · FY2025
01

Agricultural 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.

Pt IX · col B
02

Public 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.

Pt IX · col B
03

Policy development- members working in committees involved at the county, district and state levels to identify issues important to the well being of agriculture and developing public policies on such issues to pursue through the legislative and regulatory process.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $260K · 2020–2025
Unitemized GrantFY2025$21,250
Forsyth County Cooperative ExtensioFY2025$12,252
Winston Salem FairgroundsFY2025$10,000
Unitemized GrantFY2024$17,500
Forsyth County Cooperative ExtensioFY2024$11,571
The City of Winston SalemFY2024$11,560
Forsyth County Cooperative ExtensioFY2023$14,344
Unitemized GrantFY2023$10,500
Winston-Salem Recreation & Parks-FaFY2023$7,536
Unitemized GrantFY2022$12,500
Forsyth County Cooperative ExtensioFY2022$9,245
Unitemized GrantFY2021$17,500
Forsyth County Cooperative ExtensioFY2021$5,852
Unitemized GrantFY2020$47,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$514K
Ln 12
Gifts and grantsLn 1h$523K
Investment incomeLn 3$5K
Money outPt IX
$512K
Ln 25
Owns and owesPt X
$429K
net assets · Ln 32
Cash and savingsLn 1–2$301K
Total assetsLn 16$429K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$523K
Investment incomeLn 3$5K
Gains on assetsLn 7−$140
Total revenueLn 12$514K
Assets in detailPt X, end of year
CashLn 1$66K
SavingsLn 2$236K
Cash and savings togetherLn 1–2$301K
Land, buildings, equipmentLn 10c$128K
Total assetsLn 16$429K
LiabilitiesLn 26$0
Net assetsLn 32$429K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6218
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$291K$301K
Land, buildings, equipmentLn 10c$136K$128K
Total assetsLn 16$427K$429K
LiabilitiesLn 26$0$0
Net assetsLn 32$427K$429K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K
Grants to domestic individualsLn 2$21K
Accounting feesLn 11c$875
Other fees for servicesLn 11g$3K
Advertising and promotionLn 12$949
Office expensesLn 13$15K
OccupancyLn 16$33K
Conferences, conventions and meetingsLn 19$14K
Payments to affiliatesLn 21$303K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$64K
All other expensesLn 24e$706
Total functional expensesLn 25$512K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $514K$512K$2K$429K 990 PDF
FY2024 $456K$484K−$28K$427K 990 PDF
FY2023 $468K$458K$10K$455K 990 PDF
FY2022 $418K$412K$6K$445K 990 PDF
FY2021 $400K$381K$19K$439K 990 PDF
FY2020 $374K$385K−$11K$420K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $514,302 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $485,850$522,900
I-9 Program service revenue$0
I-10 Investment incomePrior year $10,534$5,418
I-11 Other revenuePrior year −$40,017−$14,016
I-12 Total revenuePrior year $456,367$514,302
I-13 Grants and similar amounts paidPrior year $78,386$72,202
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $406,073$439,604
I-18 Total expensesPrior year $484,459$511,806
I-19 Revenue less expensesPrior year −$28,092$2,496
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $514,302 across 7 lines filed
VIII-1b Membership dues$522,875
VIII-1f All other contributions, gifts and grants$25
VIII-1h Total contributions, gifts and grants$522,900
VIII-3 Investment incomeExcluded from tax $5,558$5,558
VIII-6 Net rental income or lossExcluded from tax −$14,016−$14,016
VIII-7 Net gain or loss on sales of assetsRelated to mission −$140−$140
VIII-12 Total revenueRelated to mission −$140 · Excluded from tax −$8,458$514,302
Part IX · Statement of functional expenses $511,806 across 12 lines filed
IX-1 Grants to domestic organizations$50,952
IX-2 Grants to domestic individuals$21,250
IX-11c Accounting fees$875
IX-11g Other fees for services$3,104
IX-12 Advertising and promotion$949
IX-13 Office expenses$14,572
IX-16 Occupancy$33,256
IX-19 Conferences, conventions and meetings$13,959
IX-21 Payments to affiliates$303,311
IX-23 Insurance$4,747
IX-24 Other expenses (24a–d)$64,125
IX-24e All other expenses$706
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$511,806
Part X · Balance sheet $429,495 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,386$65,606
X-2 Savings and temporary cash investmentsStart of year $230,182$235,739
X-10c Land, buildings and equipment, netStart of year $136,431$128,150
X-16 Total assetsStart of year $426,999$429,495
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $426,999$429,495
X-32 Total net assets or fund balancesStart of year $426,999$429,495
X-33 Total liabilities and net assetsStart of year $426,999$429,495
Part XI · Reconciliation of net assets $429,495 net assets at year end
XI-1 Total revenue$514,302
XI-2 Total expenses$511,806
XI-3 Revenue less expenses$2,496
XI-4 Net assets at start of year$426,999
XI-10 Net assets at end of year$429,495

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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