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 09/2022, Will County Farm Bureau employed 6 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 09/2022, Will County Farm Bureau generated $601.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $591.5k during the year ending 09/2022. While expenses have increased by 1.9% 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
2022
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Warrick Sr President | OfficerTrustee | 1 | $0 |
Luann Matejcak Secretary | OfficerTrustee | 1 | $0 |
Richard Johnson Treasurer | OfficerTrustee | 1 | $0 |
Brad Metzger Vice President | OfficerTrustee | 1 | $0 |
Gordon Mccoy Director | Trustee | 1 | $0 |
Paul Siegel Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $153,755 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $508 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $154,263 |
Total Program Service Revenue | $2,910 |
Investment income | $3,677 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $261,720 |
Net Rental Income | $71,487 |
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 | -$6,744 |
Miscellaneous Revenue | $0 |
Total Revenue | $601,887 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $219,479 |
Pension plan accruals and contributions | $46,826 |
Other employee benefits | $41,318 |
Payroll taxes | $17,940 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $5,700 |
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 | $16,323 |
Information technology | $5,816 |
Royalties | $0 |
Occupancy | $3,303 |
Travel | $5,448 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $6,666 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,466 |
Insurance | $7,878 |
All other expenses | $48,815 |
Total functional expenses | $591,505 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $627,896 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $34,154 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $50,682 |
Prepaid expenses and deferred charges | $74,128 |
Net Land, buildings, and equipment | $104,184 |
Investments—publicly traded securities | $201,587 |
Investments—other securities | $327,636 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1 |
Total assets | $1,420,268 |
Accounts payable and accrued expenses | $38,942 |
Grants payable | $0 |
Deferred revenue | $10,287 |
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 | $49,229 |
Net assets without donor restrictions | $1,371,039 |
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 | $1,420,268 |
Over the last fiscal year, we have identified 2 grants that Will County Farm Bureau has recieved totaling $8,019.
Awarding Organization | Amount |
---|---|
Iaa Foundation Bloomington, IL PURPOSE: Ag Literacy | $7,919 |
4-H Federation Foundation Of Will County Peotone, IL PURPOSE: DONATION TO ANNUAL AUCTION FUNDRAISER | $100 |
Organization Name | Assets | Revenue |
---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Missouri Corn Growers Association Jefferson City, MO | $1,688,934 | $807,916 |