Nc Farm Bureau Federation Inc

Nonprofit profile at a glance

EIN
560340590
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Raleigh, NC, USA
Phone
9197821705
Rating
45
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$18,584,974
Expenses
$17,322,575
Assets
$63,356,844
Liabilities
$19,175,069

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

62 people listed

Executive titles in this filing

  • W SHAWN B HARDING (PRESIDENT)

Highest reported compensation

  • W SHAWN B HARDING (PRESIDENT): $438,406 total reported compensation
  • JAKE PARKER (SECRETARY): $339,087 total reported compensation
  • MATT CURRIN (TREASURER): $323,666 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

North Carolina farm bureau was organized as a general farm organization to advance, improve and promote the agricultural interest and economic well- being of farmers.

What it reported doing in 2024

Field service and ag in the classroom-ncfb field services promotes and coordinates program activities with 100 county farm bureaus. Field services works with programs to foster the farm bureau mission. The following are programs field services works with. Safety program is executed by county volunteers. Instituite for future agriculture leaders, had high school rising seniors attend the academy. Students visited ncsu and nca&t universities to experience ag related education opportunities. Other involvements include the North Carolina animal ag coalition, farm city week, food check out week, farm heritage days, ag hauling handbook just to mention a few. Assist the ag in the classroom (aitc) staff with its programs-aitc sponsored events. Over 1,400 educators were trained and over 50,000 students were taught aitc curriculm. Aitc sponsored professional development to 1,000 student teachers at 3 universities. Supported the lead and women leadership committees.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 3.66; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.3; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: -102.9% per year; rating input score 0; 0th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 63 of 63 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $17.3M in reported program spending
  • Leadership: top reported pay $438K · 62 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 10 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.