Will County Farm Bureau
- Assets
- $1.4m
- Revenue
- $661.5k
- Investments
- $420.5k
- Employees
- 7
- Location
- Joliet, IL
- Founding
- 04/1926
- Data as of
- 09/2023
- EIN
- 36-2192401
Organization Overview
Will County Farm Bureau is located in Joliet, 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 09/2023, Will County Farm Bureau employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Will 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 09/2023, Will County Farm Bureau generated $661.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $644.7k during the year ending 09/2023. While expenses have increased by 2.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP BENEFITS, SERVICES, AND PROGRAMS
FARM BUREAU PUBLICATIONS (FARMERS WEEKLY REVIEW IS A SEPARATE ENTITY, BUT WE USE IT TO PROMOTE OUR PROGRAMS, BENEFITS, ETC. IN WILL COUNTY ON A WEEKLY BASIS).
AG LITERACY AND MARKETING PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Warrick President | OfficerTrustee | 1 | $1,000 |
Brad Metzger Vice President | OfficerTrustee | 1 | $450 |
Patrick Mcdonald Secretary | OfficerTrustee | 1 | $450 |
Richard Johnson Treasurer | OfficerTrustee | 1 | $400 |
Kelly Reus Director | Trustee | 1 | $450 |
Douglas Bernhard Director | Trustee | 1 | $450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $152,099 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,426 |
| Total Program Service Revenue | $2,280 |
| Investment income | $38,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $276,382 |
| Net Rental Income | $66,693 |
| Net Gain/Loss on Asset Sales | $97 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,611 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $661,484 |
| 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. | $129,198 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,914 |
| Pension plan accruals and contributions | $34,910 |
| Other employee benefits | $0 |
| Payroll taxes | $18,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,613 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,929 |
| Information technology | $4,701 |
| Royalties | $0 |
| Occupancy | $3,537 |
| Travel | $4,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,292 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,728 |
| Insurance | $52,869 |
| All other expenses | $87,121 |
| Total functional expenses | $644,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,680 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,080 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $53,409 |
| Prepaid expenses and deferred charges | $81,071 |
| Net Land, buildings, and equipment | $100,241 |
| Investments—publicly traded securities | $233,988 |
| Investments—other securities | $420,460 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,440,929 |
| Accounts payable and accrued expenses | $29,790 |
| Grants payable | $0 |
| Deferred revenue | $8,861 |
| 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 | $38,651 |
| Net assets without donor restrictions | $1,402,278 |
| 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 | $1,440,929 |