Marshall-Putnam Farm Bureau Inc
- Assets
- $903.3k
- Revenue
- $212.3k
- Investments
- $267.0
- Employees
- 6
- Location
- Henry, IL
- Founding
- 08/1935
- Data as of
- 08/2024
- EIN
- 36-1436670
Organization Overview
Marshall-Putnam Farm Bureau Inc is located in Henry, IL. The organization was established in 1935. 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 08/2024, Marshall-Putnam Farm Bureau Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall-Putnam Farm Bureau Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2024, Marshall-Putnam Farm Bureau Inc generated $212.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $160.6k during the year ending 08/2024. While expenses have increased by 1.0% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENRICH THE QUALITY OF OUR FARM FAMILIES' LIVES AND PROVIDE SERVICES FOR OUR MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES - TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 2,201
INFORMATION PUBLICATION - TO PROVIDE A MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 2,201PLAT 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 |
|---|---|---|---|
Jon Downey President | OfficerTrustee | 1 | $1,370 |
Barry Stutzman Vice President | OfficerTrustee | 1 | $90 |
Chauntelle Biagi-Bruer Secretary | OfficerTrustee | 1 | $90 |
Stu Durst Treasurer | OfficerTrustee | 1 | $105 |
Laurie Glenn Director | Trustee | 1 | $45 |
Nathan Webster Director | Trustee | 1 | $90 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,319 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,319 |
| Total Program Service Revenue | $45,902 |
| Investment income | $16,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $52,304 |
| Net Rental Income | $11,837 |
| 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 | $435 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,339 |
| 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. | $44,484 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,301 |
| Pension plan accruals and contributions | $2,707 |
| Other employee benefits | $4,675 |
| Payroll taxes | $5,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,095 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,681 |
| Information technology | $2,338 |
| Royalties | $0 |
| Occupancy | $2,948 |
| Travel | $1,525 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,545 |
| Insurance | $6,198 |
| All other expenses | $8,667 |
| Total functional expenses | $160,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,259 |
| Savings and temporary cash investments | $102,957 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,215 |
| Net Land, buildings, and equipment | $326,964 |
| Investments—publicly traded securities | $365,131 |
| Investments—other securities | $267 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $903,275 |
| Accounts payable and accrued expenses | $15,721 |
| Grants payable | $0 |
| Deferred revenue | $3,258 |
| 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 | $18,979 |
| Net assets without donor restrictions | $884,296 |
| 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 | $903,275 |