Grayson County Farm Bureau FY2020 filing

Not tax-deductible

Sherman, TX501(c)(5)Since 1950Mutual / membership EIN 75-0906105Revenue $645K in FY2020Latest return filed May 8, 2026

On file with the IRS5904 Texoma Pkwy, 75090-2132 · Sherman, TXTax-exempt since Mar 1953

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To better the conditions and efficiency of agricultural producers and promote a wholesome and desirable rural life through education, information, and other such programs.

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

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $216K a year · 25% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$645K
Spent
$551K
To programs
0%
Net assets
$567K
By yearFY2020–FY2025
Revenue
$645K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$645K
FY2021$684K
FY2022$689K
FY2023$775K
FY2024$727K
FY2025$1.6M
Expenses
$551K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$551K
FY2021$600K
FY2022$614K
FY2023$709K
FY2024$659K
FY2025$687K
Net assets
$567K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$567K
FY2021$651K
FY2022$725K
FY2023$792K
FY2024$860K
FY2025$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1953.

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Grayson 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves farming and rural life through education and programs.

Questions for Grayson County Farm Bureau

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3 programs · in their own filed words · FY2020
01

State Meetings Volunteer Directors of the County Farm Bureau attended meetings sponsored by Texas Farm Bureau, including its annual state convention. At these meetings, various agricultural issues are discussed with similar local volunteers from other county farm bureaus across the state.

Pt IX · col B
02

Annual meeting Held an annual meeting in which all members are invited. Purpose was to discuss relative local, statewide, and national agricultural issues, the importance of agriculture education, the business of the organization, and current legislative issues as they relate to agriculture.

Pt IX · col B
03

Youth Livestock Show/Fair Contributed to local youth livestock show/fair. Purposes of the show are to promote responsibility, leadership skills and interest in raising farm animals for area youth. The County Farm Bureau volunteers as well as the local 4-H Clubs and FFA Chapters participate in this important event.

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 · 10 grants · $93K · 2021–2025
Unitemized GrantFY2025$20,000
Unitemized GrantFY2025$8,100
Unitemized GrantFY2024$10,000
Unitemized GrantFY2024$7,400
Unitemized GrantFY2023$7,700
Unitemized GrantFY2023$5,000
Unitemized GrantFY2022$10,000
Unitemized GrantFY2022$7,600
Unitemized GrantFY2021$9,700
Unitemized GrantFY2021$7,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$645K
Ln 12
Other incomeLn 4–11$323K
Gifts and grantsLn 1h$321K
Investment incomeLn 3$1K
Money outPt IX
$551K
Ln 25
Owns and owesPt X
$567K
net assets · Ln 32
Cash and savingsLn 1–2$305K
Total assetsLn 16$602K
LiabilitiesLn 26$34K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$321K
Investment incomeLn 3$1K
Other incomeLn 4–11$323K
Total revenueLn 12$645K
Assets in detailPt X, end of year
CashLn 1$175K
SavingsLn 2$130K
Cash and savings togetherLn 1–2$305K
Land, buildings, equipmentLn 10c$289K
Total assetsLn 16$602K
LiabilitiesLn 26$34K
Net assetsLn 32$567K
OperationsPt I, VI
EmployeesI 515
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$279K$305K
Land, buildings, equipmentLn 10c$229K$289K
Total assetsLn 16$509K$602K
LiabilitiesLn 26$36K$34K
Net assetsLn 32$474K$567K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$0
Grants to domestic individualsLn 2$2K$0
Other salaries and wagesLn 7$248K$0$0$0
Payroll taxesLn 10$21K$0$0$0
Accounting feesLn 11c$2K$0$0$0
Advertising and promotionLn 12$1K$0$0$0
Office expensesLn 13$26K$0$0$0
OccupancyLn 16$68K$0$0$0
TravelLn 17$7K$0$0$0
Conferences, conventions and meetingsLn 19$2K$0$0$0
Depreciation, depletion and amortizationLn 22$11K$0$0$0
Other expenses (24a–d)Ln 24$159K$0$0$0
Total functional expensesLn 25$551K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 8, 2026 $1.6M$687K$910K$1.8M 990 PDF
FY2024Filed with the IRS Apr 15, 2025 $727K$659K$68K$860K 990 PDF
FY2023Filed with the IRS Apr 22, 2024 $775K$709K$67K$792K 990 PDF
FY2022Filed with the IRS May 4, 2023 $689K$614K$74K$725K 990 PDF
FY2021Filed with the IRS Apr 25, 2022 $684K$600K$84K$651K 990 PDF
FY2020 ViewingFiled with the IRS Apr 26, 2021 $645K$551K$94K$567K 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 FY2020 990 (6 parts)
Part I · Summary $645,069 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $305,820$320,715
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,833$1,140
I-11 Other revenuePrior year $300,896$323,214
I-12 Total revenuePrior year $608,549$645,069
I-13 Grants and similar amounts paidPrior year $7,674$7,080
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $251,038$269,350
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $256,153$274,928
I-18 Total expensesPrior year $514,865$551,358
I-19 Revenue less expensesPrior year $93,684$93,711
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $645,069 across 5 lines filed
Lines not itemized here account for $5 of total revenue; see the IRS return.
VIII-1b Membership dues$320,715
VIII-1h Total contributions, gifts and grants$320,715
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,140$1,140
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $322,795 · Excluded from tax $414$323,209
VIII-12 Total revenueRelated to mission $0 · Unrelated business $322,795 · Excluded from tax $1,559$645,069
Part IX · Statement of functional expenses $551,358 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $0$4,730
IX-2 Grants to domestic individualsPrograms $0$2,350
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$248,058
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$21,292
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$1,560
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$1,030
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$25,974
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$67,684
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$7,078
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$1,998
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$10,687
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$158,917
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$551,358
Part X · Balance sheet $601,778 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $150,065$174,896
X-2 Savings and temporary cash investmentsStart of year $129,298$130,437
X-9 Prepaid expenses and deferred chargesStart of year $1,164$7,806
X-10c Land, buildings and equipment, netStart of year $228,803$288,639
X-16 Total assetsStart of year $509,330$601,778
X-17 Accounts payable and accrued expensesStart of year $3,037$6,683
X-26 Total liabilitiesStart of year $35,740$34,477
X-32 Total net assets or fund balancesStart of year $473,590$567,301
X-33 Total liabilities and net assetsStart of year $509,330$601,778
Part XI · Reconciliation of net assets $567,301 net assets at year end
XI-1 Total revenue$645,069
XI-2 Total expenses$551,358
XI-3 Revenue less expenses$93,711
XI-4 Net assets at start of year$473,590
XI-10 Net assets at end of year$567,301

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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