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Faulkner County Farm Bureau FY2021 filing

Not tax-deductible

Conway, AR501(c)(5)Mutual / membership EIN 71-0265247Revenue $400K in FY2021Latest return filed Sep 3, 2025

On file with the IRSarfb.com/faulknerPo Box 936, 72033-0936 · Conway, ARTax-exempt since Feb 1967

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Agricultural promotion

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $40K a year · 9% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
31 mo
of spending, in cash
Looks good: 31.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$42K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$400K
-1% vs prior year
Spent
$320K
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$400K
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$405K
FY2021$400K
FY2022$396K
FY2023$423K
FY2024$482K
Expenses
$320K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$338K
FY2021$320K
FY2022$358K
FY2023$412K
FY2024$480K
Net assets
$1.0M
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$957K
FY2021$1.0M
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M

From the FY2021 Form 990 (year ending October 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1967.

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

Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Michael Lee
Vice President
$0Pt VII · Sec A
Matt Simon
Secretary/Treasurer
$0Pt VII · Sec A
Jim Baker
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Faulkner County Farm Bureau executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Faulkner County Farm Bureau is a member-serving organization based in Conway, AR.

Questions for Faulkner County Farm Bureau

Tap to ask. Faulkner County Farm Bureau sees how many people are interested.

Your first name shows with your question. Faulkner County Farm Bureau answers here, for everyone.

1 program · in their own filed words · FY2020
01

County farm bureau work is general in nature, helping farm families achieve educational improvements, economic opportunity, and social advancement.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$400K
Ln 12
Other incomeLn 4–11$281K
Fees for servicesLn 2g$114K
Investment incomeLn 3$5K
Money outPt IX
$320K
Ln 25
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$839K
Total assetsLn 16$1.1M
LiabilitiesLn 26$42K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$114K
Investment incomeLn 3$5K
Other incomeLn 4–11$281K
Total revenueLn 12$400K
Assets in detailPt X, end of year
CashLn 1$1K
SavingsLn 2$837K
Cash and savings togetherLn 1–2$839K
Land, buildings, equipmentLn 10c$238K
Other assetsLn 15$2K
Total assetsLn 16$1.1M
LiabilitiesLn 26$42K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 56
VolunteersI 629
Fiscal year endsHeaderOctober
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$747K$839K
Land, buildings, equipmentLn 10c$250K$238K
Total assetsLn 16$1000K$1.1M
LiabilitiesLn 26$43K$42K
Net assetsLn 32$957K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K
Grants to domestic individualsLn 2$3K
Other salaries and wagesLn 7$197K
Pension plan contributionsLn 8$5K
Payroll taxesLn 10$16K
Accounting feesLn 11c$5K
Advertising and promotionLn 12$18K
Office expensesLn 13$15K
OccupancyLn 16$35K
Conferences, conventions and meetingsLn 19$7K
Depreciation, depletion and amortizationLn 22$13K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$949
Total functional expensesLn 25$320K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 3, 2025 $482K$480K$2K$1.1M 990 PDF
FY2023Filed with the IRS Aug 29, 2024 $423K$412K$11K$1.1M 990 PDF
FY2022Filed with the IRS Aug 24, 2023 $396K$358K$39K$1.1M 990 PDF
FY2021 ViewingFiled with the IRS Sep 14, 2022 $400K$320K$79K$1.0M 990 PDF
FY2020Filed with the IRS Sep 13, 2021 $405K$338K$67K$957K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $399,551 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $115,997$113,515
I-10 Investment incomePrior year $6,494$4,733
I-11 Other revenuePrior year $282,730$281,303
I-12 Total revenuePrior year $405,221$399,551
I-13 Grants and similar amounts paidPrior year $6,196$7,575
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $232,289$217,844
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $99,737$94,649
I-18 Total expensesPrior year $338,222$320,068
I-19 Revenue less expensesPrior year $66,999$79,483
Part VI · Governance 21 of 21 board members independent, 3 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $399,551 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $113,515$113,515
VIII-3 Investment incomeExcluded from tax $4,733$4,733
VIII-5 RoyaltiesExcluded from tax $1,896$1,896
VIII-6 Net rental income or lossExcluded from tax $13,500$13,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $259,902 · Excluded from tax $6,005$265,907
VIII-12 Total revenueRelated to mission $113,515 · Unrelated business $259,902 · Excluded from tax $26,134$399,551
Part IX · Statement of functional expenses $320,068 across 13 lines filed
IX-1 Grants to domestic organizations$4,575
IX-2 Grants to domestic individuals$3,000
IX-7 Other salaries and wages$196,940
IX-8 Pension plan contributions$5,156
IX-10 Payroll taxes$15,748
IX-11c Accounting fees$4,542
IX-12 Advertising and promotion$18,047
IX-13 Office expenses$14,704
IX-16 Occupancy$35,407
IX-19 Conferences, conventions and meetings$6,948
IX-22 Depreciation, depletion and amortization$12,830
IX-23 Insurance$1,222
IX-24 Other expenses (24a–d)$949
IX-25 Total functional expenses$320,068
Part X · Balance sheet $1,078,545 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,350$1,349
X-2 Savings and temporary cash investmentsStart of year $745,558$837,257
X-4 Accounts receivableStart of year $261$0
X-10c Land, buildings and equipment, netStart of year $250,469$237,639
X-15 Other assetsStart of year $2,300$2,300
X-16 Total assetsStart of year $999,938$1,078,545
X-17 Accounts payable and accrued expensesStart of year $1,203$947
X-19 Deferred revenueStart of year $41,847$41,227
X-26 Total liabilitiesStart of year $43,050$42,174
X-32 Total net assets or fund balancesStart of year $956,888$1,036,371
X-33 Total liabilities and net assetsStart of year $999,938$1,078,545
Part XI · Reconciliation of net assets $1,036,371 net assets at year end
XI-1 Total revenue$399,551
XI-2 Total expenses$320,068
XI-3 Revenue less expenses$79,483
XI-4 Net assets at start of year$956,888
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,036,371

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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