Stephenson County Farm Bureau
- Assets
- $2.4m
- Revenue
- $316.4k
- Investments
- $323.0
- Employees
- 4
- Location
- Freeport, IL
- Founding
- 05/1925
- Data as of
- 08/2023
- EIN
- 36-1824339
Organization Overview
Stephenson County Farm Bureau is located in Freeport, 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 08/2023, Stephenson County Farm Bureau employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stephenson 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, Stephenson County Farm Bureau generated $316.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $303.9k during the year ending 08/2023. 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 EDUCATE AND ADVOCATE FOR AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STEPHENSON COUNTY FAIR "FARM FUN ZONE" TENT - A PUBLIC VENUE FOR AGRICULTURAL EDUCATION & AWARENESS.
PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITES - ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST
BUS TRIPS- EACH YEAR WE OFFER BUS TRIPS TO VARIOUS AGRICULTURAL EDUCATION DESTINATIONS TO OUR MEMBERSHIP AT A DISCOUNTED RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Fricke President | OfficerTrustee | 1 | $0 |
Daniel Scheider Vice-President | OfficerTrustee | 1 | $0 |
Dennis Groezinger Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kathy Brenner Director | Trustee | 1 | $0 |
Scott Brenner Director | Trustee | 1 | $0 |
Wendell Devries Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,265 |
| Total Program Service Revenue | $0 |
| Investment income | $46,478 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $89,515 |
| Net Rental Income | $5,791 |
| Net Gain/Loss on Asset Sales | -$8,054 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,441 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $316,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,000 |
| 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. | $8,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,557 |
| Pension plan accruals and contributions | $4,736 |
| Other employee benefits | $10,914 |
| Payroll taxes | $6,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,842 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,338 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,729 |
| Information technology | $2,148 |
| Royalties | $0 |
| Occupancy | $5,517 |
| Travel | $7,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,541 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,146 |
| Insurance | $4,110 |
| All other expenses | $33,125 |
| Total functional expenses | $303,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,985 |
| Savings and temporary cash investments | $149,829 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,869 |
| 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 | $9,434 |
| Net Land, buildings, and equipment | $402,377 |
| Investments—publicly traded securities | $1,695,058 |
| Investments—other securities | $323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,365,875 |
| Accounts payable and accrued expenses | $12,933 |
| Grants payable | $0 |
| Deferred revenue | $3,348 |
| 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 | $16,281 |
| Net assets without donor restrictions | $2,349,594 |
| 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 | $2,365,875 |
Grants Awarded
Over the last fiscal year, Stephenson County Farm Bureau has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CONSERVATION AND AGRICULTURAL PARTNERS FOUNDATION PURPOSE: PROVIDE AGRICULTURAL AND CONSERVATION EDUCATION RESOURCES TO TEACHERS AND STUDENTS IN STEPHENSON COUNTY, IL | $10,000 |
HIGHLAND COMMUNITY COLLEGE PURPOSE: PROVIDE AGRICULTURAL AND CONSERVATION EDUCATION RESOURCES TO TEACHERS AND STUDENTS IN STEPHENSON COUNTY, IL | $0 |