Owen County Farm Bureau Inc

Owen County Farm Bureau Inc

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

EIN: 610493998 ✦ Owenton, KY ✦ Designated as a 501(c)(5)

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Overview

What is Owen County Farm Bureau Inc?

Owen County Farm Bureau Inc, located at 430 Roland Ave, Owenton, KY 40359, is a nonprofit organization that plays a significant role in supporting the agricultural community of their region. They operate as a voluntary association of farm families and community members, dedicated to advocating for agriculture and farmers. Their mission is to improve farm income, foster better economic opportunities, and enhance the overall quality of life for everyone. To achieve this, Owen County Farm Bureau Inc provides low-cost insurance options for farmers. Additionally, they offer scholarships to students who share their commitment to preserving agriculture and farming. Furthermore, they administer a Phase I tobacco buyout cost-share program, utilizing funds allocated by the state. Farmers who meet the eligibility criteria can apply for this program and receive a cost share based on their expenses. This holistic approach, encompassing support, education, and financial assistance, makes Owen County Farm Bureau Inc an essential resource for the agricultural community in their region.

Is Owen County Farm Bureau Inc legitimate?

Owen County Farm Bureau Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Owen County Farm Bureau 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: $2,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Owen County Farm Bureau Inc?

Owen County Farm Bureau Inc, as a voluntary organization, is committed to serving as an advocate for agriculture by identifying issues and developing solutions that aim to improve farm income and enhance the quality of life for all. The organization's mission is to act upon these problems, aiming to create better economic opportunities for farmers. Owen County Farm Bureau Inc also offers support to dedicated students in preserving agriculture and farming through scholarships. Additionally, they administer Phase I tobacco buyout cost share programs, providing financial assistance to eligible farmers based on their expenditures.

Who is the CEO of Owen County Farm Bureau Inc?

David Chappell is the President of Owen County Farm Bureau Inc.

What is the revenue of Owen County Farm Bureau Inc?

Owen County Farm Bureau Inc's revenue in 2022 was $353,902.

Who are the executives of Owen County Farm Bureau Inc and what are their salaries?


Here are 4 key members and their salaries:


David Chappell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Chappell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ken Smith (2Nd Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mcburney (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Owen County Farm Bureau Inc?

Owen County Farm Bureau Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Owen County Farm Bureau Inc

Owen County Farm Bureau Inc, as a voluntary organization, is dedicated to serving as an advocate for agriculture in its community. Its mission is to identify issues affecting farmers and develop solutions to improve their income, create better economic opportunities, and enhance the overall quality of life for all members. By taking appropriate actions, the Farm Bureau aims to support local farmers and foster a sense of community around the preservation and promotion of agriculture.

In addition to serving as a voice for farmers, Owen County Farm Bureau Inc also offers various programs to support its mission. One such program is the Phase I tobacco buyout cost share program, which is funded by the state and is designed to help farmers who apply by providing a cost share amount based on their expenses. The program aims to assist farmers in managing the financial impact of tobacco buyout policies.

Furthermore, Owen County Farm Bureau Inc recognizes the importance of investing in the next generation of farmers. To this end, the organization offers scholarships to students who are passionate about preserving agriculture and farming. By supporting young people in their pursuit of agricultural education and careers, the Farm Bureau is helping to ensure a sustainable future for agriculture in its community.

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Impact




October, 2024

Owen County Farm Bureau Inc plays a significant role in strengthening the agricultural community in Owenton, KY, by actively promoting farming and supporting local farmers. Through its initiatives, the organization provides essential low-cost insurance options that help safeguard farmers’ livelihoods.

Additionally, the Bureau is invested in the future of agriculture, offering scholarships to students who are committed to preserving farming practices and advancing agricultural knowledge. By nurturing the next generation of agriculturists, Owen County Farm Bureau Inc ensures that the region’s agricultural heritage and innovation continue to thrive.

Furthermore, the organization administers the Phase I tobacco buyout cost share programs, offering financial assistance to farmers who are part of this program. This support is crucial for farmers adapting to changes in the agricultural landscape, allowing them to invest in their operations and improve their profitability.

By working to empower farmers, enhance economic opportunities, and elevate the overall quality of life, Owen County Farm Bureau Inc emerges as a vital advocate for the agricultural community, fostering a brighter future for farming in the region.




This information is meant to be a general summary of Owen County Farm Bureau 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
$353,902 (2022)
Expenses
$392,787 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38
  • Gross Receipts: $353,902

Assets and Liabilities:

  • Total Assets: $431,406
  • Total Liabilities: $138,559
  • Net Assets: $292,847

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Organization Details

Founding Year

1953

Principal Officer

David Chappell

Main Address

430 Roland Ave, Owenton, KY, 40359

NTEE Category

Code: K20 - Food

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