La Salle County Farm Bureau
- Assets
- $3.0m
- Revenue
- $522.9k
- Investments
- $55.4k
- Employees
- 6
- Location
- Ottawa, IL
- Founding
- 03/1925
- Data as of
- 09/2023
- EIN
- 36-1352250
Organization Overview
La Salle County Farm Bureau is located in Ottawa, IL. The organization was established in 1925. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, LA Salle County Farm Bureau employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. LA Salle County Farm Bureau is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, LA Salle County Farm Bureau generated $522.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $414.0k during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENTING OUR MEMBER FAMILIES THROUGH INFORMATION AND LEGISLATION TO IMPROVE FINANCIAL STABILITY AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATE WITH OUR MEMBERS THROUGH OUR AGRISOURCE PUBLICATION AND THROUGH FACEBOOK. WE SEND A PUBLICATION TO OUR MEMBERS THAT HIGHLIGHTS THE ACTIVITIES OF THE ORGANIZATION. WE ALSO INCLUDE TIMELY AGRICULTURAL INFORMATION THAT IS PERTINENT TO THEIR FARMING OPERATIONS IN TERMS OF MARKETING, LEGISLATION, INFORMATION, AND EDUCATION. IN ADDITION, WE HAVE A WEBSITE WHERE MEMBERS CAN GO TO LEARN MORE ABOUT SERVICES OFFERED BY THE LASALLE COUNTY FARM BUREAU, AS WELL AS CHECK THE WEATHER AND MARKETS.
MEMBER SERVICES - WE PROVIDE OUR MEMBERS WITH A VARIETY OF MEMBER SERVICES. WE WORK WITH LOCAL BUSINESSES TO OFFER OUR MEMBERS A DISCOUNT ON THE PARTICIPATING BUSINESSES' SERVICES OR PRODUCTS. WE THEN ADVERTISE THIS DISCOUNT TO OUR MEMBERS FREE OF CHARGE TO THE BUSINESS. WE ALSO OFFER OUR MEMBERS THE FOLLOWING: PLAT BOOKS AT A DISCOUNTED RATE, DISCOUNTED FRUIT AND CHEESE FOR THE HOLIDAYS, AND DISCOUNTED SMV SIGNS.
WE COMMUNICATE WITH OUR STATE AND CONGRESSIONAL LEGISLATORS ON BEHALF OF OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Isermann President | OfficerTrustee | 1 | $0 |
David Myer Vice Preside | OfficerTrustee | 1 | $0 |
Bill Gray Secretary | OfficerTrustee | 1 | $0 |
Mike Stone Treasurer | OfficerTrustee | 1 | $0 |
Robert Beutke Director | Trustee | 1 | $0 |
Chris Over Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $115,165 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,718 |
| Total Program Service Revenue | $11,888 |
| Investment income | $103,110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $121,186 |
| Net Rental Income | $111,990 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$2,439 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,880 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,492 |
| Pension plan accruals and contributions | $26,792 |
| Other employee benefits | $6,340 |
| Payroll taxes | $13,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,167 |
| Office expenses | $7,897 |
| Information technology | $9,072 |
| Royalties | $0 |
| Occupancy | $3,960 |
| Travel | $4,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,878 |
| Insurance | $5,430 |
| All other expenses | $47,652 |
| Total functional expenses | $414,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,591 |
| Savings and temporary cash investments | $171,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $320 |
| Prepaid expenses and deferred charges | $3,886 |
| Net Land, buildings, and equipment | $680,723 |
| Investments—publicly traded securities | $1,832,095 |
| Investments—other securities | $55,427 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,968,178 |
| Accounts payable and accrued expenses | $62,149 |
| Grants payable | $0 |
| Deferred revenue | $29,348 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $91,497 |
| Net assets without donor restrictions | $2,876,681 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,968,178 |