Lee County Farm Bureau
- Assets
- $634.6k
- Revenue
- $323.0k
- Investments
- $340.0
- Employees
- 3
- Location
- Amboy, IL
- Founding
- 10/1926
- Data as of
- 08/2022
- EIN
- 36-1374085
Organization Overview
Lee County Farm Bureau is located in Amboy, IL. The organization was established in 1926. 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 08/2022, Lee County Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee 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 08/2022, Lee County Farm Bureau generated $323.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $274.8k during the year ending 08/2022. While expenses have increased by 2.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A POSITIVE VOICE FOR AGRICULTURE THROUGH LEADERSHIP AND EDUCATION TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC WELL-BEING OF OUR MEMBERS AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES- TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 2,084.
INFORMATION PUBLICATION- TO PROVIDE EDUCATIONAL INFORMATION TO BOTH THE MEMBERSHIP AND NON-FARM PUBLIC BY DISSEMINATING INFORMATION THROUGH THE CFB QUARTERLY PUBLICATION, CFB WEBSITE, E-NEWSLETTERS, SOCIAL MEDIA, AND THROUGH LOCAL MEDIA OUTLETS. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 2,084. PLAT BOOK SALES- TO PROVIDE COUNTY PLAT BOOKS TO RESIDENTS OF THE COUNTY.
PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES- ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danelle Burrs Manager | Officer | 40 | $44,595 |
Adam Henkel President | OfficerTrustee | 1 | $800 |
David Gorman Vice-President | OfficerTrustee | 1 | $0 |
Kyle Sheaffer Secretary | OfficerTrustee | 1 | $0 |
Jeff Pfeiffer Treasurer | OfficerTrustee | 1 | $0 |
Allyn Buhrow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,876 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,733 |
| Total Program Service Revenue | $8,286 |
| Investment income | $20,066 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $54,487 |
| Net Rental Income | -$17,353 |
| Net Gain/Loss on Asset Sales | $36,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $211 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,019 |
| 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. | $1,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,675 |
| Pension plan accruals and contributions | $20,058 |
| Other employee benefits | $2,241 |
| Payroll taxes | $7,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,592 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $10,707 |
| Information technology | $4,451 |
| Royalties | $0 |
| Occupancy | $6,910 |
| Travel | $1,077 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,177 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,161 |
| Insurance | $3,503 |
| All other expenses | $21,573 |
| Total functional expenses | $274,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,552 |
| Savings and temporary cash investments | $11,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,908 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $554 |
| Prepaid expenses and deferred charges | $8,581 |
| Net Land, buildings, and equipment | $92,426 |
| Investments—publicly traded securities | $442,977 |
| Investments—other securities | $340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $634,637 |
| Accounts payable and accrued expenses | $38,516 |
| Grants payable | $0 |
| Deferred revenue | $333 |
| 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 | $38,849 |
| Net assets without donor restrictions | $595,788 |
| 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 | $634,637 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Lee County Farm Bureau has recieved totaling $19,608.
| Awarding Organization | Amount |
|---|---|
Illinois Agricultural Association Bloomington, IL PURPOSE: Agricultural Education | $11,952 |
Iaa Foundation Bloomington, IL PURPOSE: Ag Literacy | $7,656 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Missouri Corn Growers Association Jefferson City, MO | $1,688,934 | $807,916 |