Winnebago Boone Farm Bureau
- Assets
- $2.0m
- Revenue
- $462.6k
- Investments
- $340.0
- Employees
- 15
- Location
- Rockford, IL
- Founding
- 03/1935
- Data as of
- 12/2023
- EIN
- 36-1974850
Organization Overview
Winnebago Boone Farm Bureau is located in Rockford, 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 12/2023, Winnebago Boone Farm Bureau employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Winnebago Boone 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 12/2023, Winnebago Boone Farm Bureau generated $462.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $566.8k during the year ending 12/2023. While expenses have increased by 5.3% per year over the past 9 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
BE THE VOICE, RESOURCE, AND ADVOCATE FOR FARM FAMILIES AND AGRICULTURE, WHILE PROMOTING STEWARDSHIP FOR TODAY AND FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURE IN THE CLASSROOM/CONSUMER EDUCATION (INCLUDING: FAIRS, FFA, AND 4H).
PROGRAMS AND ACTIVITIES (INCLUDING YOUNG LEADERS, PRIME TIMERS, MEMBERSHIP PICNIC AND SPECIAL EVENTS).
MEMBERSHIP PUBLICATION - 16 TIMES A YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mitchell President | OfficerTrustee | 1 | $1,600 |
Cody Book Vice President | OfficerTrustee | 1 | $160 |
Sidney Moate Treasurer | OfficerTrustee | 1 | $440 |
Jessica Bubert Secretary | OfficerTrustee | 1 | $0 |
Amanda Anderson Director | Trustee | 1 | $280 |
Matt Bullard Director | Trustee | 1 | $280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,428 |
| Total Program Service Revenue | $105,242 |
| Investment income | $59,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $185,934 |
| Net Rental Income | $2,224 |
| Net Gain/Loss on Asset Sales | -$4,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,889 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $462,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $65,962 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,194 |
| Pension plan accruals and contributions | $22,447 |
| Other employee benefits | $73,902 |
| Payroll taxes | $17,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,550 |
| 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 | $17,648 |
| Information technology | $11,270 |
| Royalties | $0 |
| Occupancy | $11,065 |
| Travel | $20,685 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,241 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,760 |
| Insurance | $7,298 |
| All other expenses | $37,826 |
| Total functional expenses | $566,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,843 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,104 |
| 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 | $10,687 |
| Net Land, buildings, and equipment | $155,366 |
| Investments—publicly traded securities | $1,780,475 |
| Investments—other securities | $340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,982,815 |
| Accounts payable and accrued expenses | $3,933 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $10,476 |
| Total liabilities | $14,409 |
| Net assets without donor restrictions | $1,968,406 |
| 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 | $1,982,815 |