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Mississippi Farm Bureau Foundation & Relief Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208612993 ✦ Jackson, MS ✦ Designated as a 501(c)(3)

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Overview

What is Mississippi Farm Bureau Foundation & Relief Fund Inc?

Mississippi Farm Bureau Foundation & Relief Fund Inc is a nonprofit organization located at 6311 Ridgewood Road, Jackson, MS 39211. Their primary goal is to promote understanding and appreciation for agriculture, especially among individuals not directly involved in farming. They achieve this through funding provided by the Mississippi Farm Families Organization and a bimonthly magazine distributed to members. The organization's mission extends beyond promotion, as it also dedicates resources to financing research and education in agriculture within Mississippi.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

The Mississippi Farm Bureau Foundation & Relief Fund Inc has received an 81% overall score from Charity Navigator, which reflects a solid Three-Star rating. This assessment focuses entirely on the charity's accountability and finance practices, indicating a commendable level of transparency and governance within the organization. The charity demonstrates strong oversight with an independent board comprising 57% independent members and a robust audit and oversight committee.

Strengths include a high program expense ratio of 86.96%, showcasing a commitment to channeling funds directly to its programs rather than administrative costs. The organization has established necessary policies regarding conflict of interest, whistleblower protection, and document retention, further enhancing its accountability framework.

However, the charity's liabilities to assets ratio stands at 67.03%, which may suggest a relatively high level of liabilities compared to its assets. This could be a point of concern for potential donors regarding the financial stability of the organization. Overall, while the Mississippi Farm Bureau Foundation & Relief Fund shows strong financial accountability, stakeholders may want to consider the implications of its liabilities.


This AI summary has been generated from information found on Charity Navigator.

Is Mississippi Farm Bureau Foundation & Relief Fund Inc legitimate?

Mississippi Farm Bureau Foundation & Relief Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mississippi Farm Bureau Foundation & Relief Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Mississippi Farm Bureau Foundation & Relief Fund Inc?

The Mississippi Farm Bureau Foundation & Relief Fund Inc's mission is centered around providing financial support for research and education in the agricultural sector. This organization is committed to spreading awareness and understanding of the significant benefits of agriculture, particularly to those not directly engaged in farming. They accomplish this through funding initiatives, such as those supported by the Mississippi Farm Families Organization, and a bi-monthly magazine distributed to all members. The ultimate goal is to enhance agricultural knowledge and advancement in the state of Mississippi.

Who is the CEO of Mississippi Farm Bureau Foundation & Relief Fund Inc?

Brent Wilson is the President of Mississippi Farm Bureau Foundation & Relief Fund Inc.

What is the revenue of Mississippi Farm Bureau Foundation & Relief Fund Inc?

Mississippi Farm Bureau Foundation & Relief Fund Inc's revenue in 2022 was $1,428,537.

Who are the executives of Mississippi Farm Bureau Foundation & Relief Fund Inc and what are their salaries?

There 4 volunteers at Mississippi Farm Bureau Foundation & Relief Fund Inc.


Here are 7 key members and their salaries:


Mike Mccormick (President)
  • Compensation: $0
  • Related: $183,416
  • Other: $47,608
Reggie Magee (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Bloodworth (Secretary)
  • Compensation: $0
  • Related: $171,881
  • Other: $68,789
Brent Wilson (Treasurer)
  • Compensation: $0
  • Related: $160,726
  • Other: $13,548
Hugh Beckham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lonnie Fortner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Mississippi Farm Bureau Foundation & Relief Fund Inc?

Mississippi Farm Bureau Foundation & Relief Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Mississippi Farm Bureau Foundation & Relief Fund Inc

Mississippi Farm Bureau Foundation & Relief Fund Inc is dedicated to promoting the significance of agriculture in the state of Mississippi. Their mission, in essence, revolves around providing financial support for educational and research initiatives in the agricultural sector. By doing so, they aim to educate individuals who are not directly involved in farming, helping them appreciate the value of agriculture. This mission is accomplished through funding from the Mississippi Farm Families Organization and the distribution of a bi-monthly magazine to all members. The organization's efforts in this regard contribute to a broader understanding of agriculture, its benefits, and its role in society.

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Impact




October, 2024

The Mississippi Farm Bureau Foundation & Relief Fund Inc plays a crucial role in advancing agricultural education and research within the state. By providing essential funding, the organization enhances understanding of agriculture among the general public, particularly those not directly involved in farming. This is achieved through initiatives like supporting the Mississippi Farm Families organization and distributing a bi-monthly magazine to members, fostering awareness of the agricultural sector's significance. Their commitment to educating the community about the benefits of agriculture helps build a more informed citizenry, which in turn strengthens the overall agricultural landscape in Mississippi.




This information is meant to be a general summary of Mississippi Farm Bureau Foundation & Relief Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,428,537 (2022)
Expenses
$833,023 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,428,537

Assets and Liabilities:

  • Total Assets: $3,815,540
  • Total Liabilities: $2,811,025
  • Net Assets: $1,004,515

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Organization Details

Founding Year

2007

Principal Officer

Brent Wilson

Main Address

6311 RIDGEWOOD ROAD, JACKSON, MS, 39211

NTEE Category

Code: B90 - Education

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