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Arkansas Farm Bureau Foundation

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

EIN: 814517307 ✦ Little rock, AR ✦ Designated as a 501(c)(3)

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Overview

What is Arkansas Farm Bureau Foundation?

The Arkansas Farm Bureau Foundation is a nonprofit organization, headquartered in Little Rock, Arkansas, with a focus on charitable and educational pursuits. Their primary mission is to enhance understanding of agricultural and rural issues and contribute to the betterment of the agricultural and rural community. They achieve this through financial assistance in the form of education, research, litigation, and disaster relief. By providing this support, the foundation aims to advance knowledge and offer practical solutions to challenges faced by the agricultural and rural sectors.


Official website here: www.arfb.com

What are the reviews and ratings of this charity?

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

The Arkansas Farm Bureau Foundation has received an 81% rating, indicating a solid performance in terms of accountability and finance. This score is primarily based on their robust financial practices, including a perfect score in several key accountability metrics. Their commitment to transparency is reflected in policies such as conflict of interest and whistleblower protections, making them a reputable organization in the nonprofit sector.

The foundation demonstrates a strong focus on program expenses, with 99.88% of its expenditures directed towards its programs. This high percentage suggests an effective allocation of resources towards its mission. Additionally, the organization has shown no material diversion of assets, reinforcing its credibility and reliability in financial management.

While the rating is commendable, it is essential for potential donors and stakeholders to consider ongoing evaluations to ensure continued accountability practices. Overall, the Arkansas Farm Bureau Foundation appears to be a responsible entity with a strong commitment to its mission and financial integrity.


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

Is Arkansas Farm Bureau Foundation legitimate?

Arkansas Farm Bureau Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arkansas Farm Bureau Foundation 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


Official website here: www.arfb.com

What is the mission statement of Arkansas Farm Bureau Foundation?

The Arkansas Farm Bureau Foundation is established with charitable and educational objectives, aiming to enhance understanding of agricultural and rural issues. The foundation supports the agricultural and rural community by providing financial assistance for various purposes, including education, research, litigation, and disaster relief. The foundation's activities are geared towards furthering the knowledge and well-being of the agricultural and rural community. It accomplishes this by offering financial aid for educational programs, funding research projects, engaging in legal advocacy, and offering aid during times of disaster.


Official website here: www.arfb.com

Who is the CEO of Arkansas Farm Bureau Foundation?

Michael D Solomon is the President of Arkansas Farm Bureau Foundation.


Official website here: www.arfb.com

What is the revenue of Arkansas Farm Bureau Foundation?

Arkansas Farm Bureau Foundation's revenue in 2022 was $522,109.


Official website here: www.arfb.com

Who are the executives of Arkansas Farm Bureau Foundation and what are their salaries?

There 50 volunteers at Arkansas Farm Bureau Foundation.


Here are 17 key members and their salaries:


Rich Hillman (President)
  • Compensation: $0
  • Related: $39,500
  • Other: $0
Mike Freeze (Vice President)
  • Compensation: $0
  • Related: $17,100
  • Other: $0
Dan Wright (Secretary/Treasurer)
  • Compensation: $0
  • Related: $21,925
  • Other: $0
Jon Carroll (Director)
  • Compensation: $0
  • Related: $8,950
  • Other: $0
Joe Christian (Director)
  • Compensation: $0
  • Related: $9,350
  • Other: $0
Terry Dabbs (Director)
  • Compensation: $0
  • Related: $6,150
  • Other: $0
Jack Evans (Director)
  • Compensation: $0
  • Related: $9,350
  • Other: $0
Sherry Felts (Director)
  • Compensation: $0
  • Related: $6,200
  • Other: $0
Chase Groves (Director)
  • Compensation: $0
  • Related: $12,900
  • Other: $0
Tom Jones (Director)
  • Compensation: $0
  • Related: $9,100
  • Other: $0
Terry Laster (Director)
  • Compensation: $0
  • Related: $10,800
  • Other: $0
Jeremy Miller (Director)
  • Compensation: $0
  • Related: $4,050
  • Other: $0
Gene Pharr (Director)
  • Compensation: $0
  • Related: $8,850
  • Other: $0
Caleb Plyler (Directot)
  • Compensation: $0
  • Related: $15,750
  • Other: $0
Rusty Smith (Director)
  • Compensation: $0
  • Related: $10,775
  • Other: $0
Joe Thrash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Carter (Executive Vice President)
  • Compensation: $0
  • Related: $307,160
  • Other: $425,029


Official website here: www.arfb.com

Where can I find the form 990 for Arkansas Farm Bureau Foundation?

Arkansas Farm Bureau Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.arfb.com

Learn more at the official website: www.arfb.com

Mission Statement of Arkansas Farm Bureau Foundation

The Arkansas Farm Bureau Foundation, a charitable and educational organization, is dedicated to enhancing the understanding of agricultural and rural issues. Its mission is to support the agricultural and rural community by providing financial aid for various initiatives. This includes education, research, litigation, and disaster relief. The foundation aims to empower and uplift the community, contributing to its overall development and growth.

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Impact




July, 2024

The Arkansas Farm Bureau Foundation makes a significant impact by furthering the understanding of agricultural and rural issues. Through financial support for education, research, litigation, and disaster relief, the Foundation plays a crucial role in supporting the agricultural and rural community in Arkansas. This assistance helps in promoting sustainable agricultural practices, improving the overall well-being of rural communities, and contributing to the advancement of the agricultural sector in the state.




This information is meant to be a general summary of Arkansas Farm Bureau Foundation. 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
$522,109 (2022)
Expenses
$379,915 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $6,758
  • Gross Receipts: $552,975

Assets and Liabilities:

  • Total Assets: $1,062,265
  • Total Liabilities: $140,005
  • Net Assets: $922,260

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Organization Details

Founding Year

2016

Principal Officer

Michael D Solomon

Main Address

PO BOX 31, LITTLE ROCK, AR, 72203

NTEE Category

Code: K12 - Food

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