Lee County Farm Bureau
- Assets
- $693.8k
- Revenue
- $289.2k
- Investments
- $267.0
- Employees
- 3
- Location
- Amboy, IL
- Founding
- 10/1926
- Data as of
- 08/2023
- 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 08/2023, 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 08/2023, Lee County Farm Bureau generated $289.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $242.3k during the year ending 08/2023. While expenses have increased by 0.7% 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
2023
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 2,085.
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 2,085. 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 |
|---|---|---|---|
Adam Henkel President | OfficerTrustee | 1 | $800 |
David Gorman Vice-President | OfficerTrustee | 1 | $0 |
Kyle Sheaffer Secretary | OfficerTrustee | 1 | $0 |
Allyn Buhrow Treasurer | OfficerTrustee | 1 | $0 |
Emily Pratt Director | Trustee | 1 | $0 |
Tyler Burke Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,450 |
| Total Program Service Revenue | $26,521 |
| Investment income | $16,923 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,894 |
| Net Rental Income | -$18,669 |
| Net Gain/Loss on Asset Sales | -$6,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,122 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,187 |
| 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. | $2,475 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,574 |
| Pension plan accruals and contributions | $10,207 |
| Other employee benefits | $6,103 |
| Payroll taxes | $4,634 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,406 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,727 |
| Information technology | $5,649 |
| Royalties | $0 |
| Occupancy | $7,106 |
| Travel | $1,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,028 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,822 |
| Insurance | $4,363 |
| All other expenses | $14,279 |
| Total functional expenses | $242,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,963 |
| Savings and temporary cash investments | $107,591 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,853 |
| Prepaid expenses and deferred charges | $10,195 |
| Net Land, buildings, and equipment | $93,234 |
| Investments—publicly traded securities | $404,700 |
| Investments—other securities | $267 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $693,776 |
| Accounts payable and accrued expenses | $38,657 |
| 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 | $38,990 |
| Net assets without donor restrictions | $654,786 |
| 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 | $693,776 |