Grundy County Farm Bureau Foundation
- Assets
- $144.9k
- Revenue
- $25.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Morris, IL
- Founding
- 12/1987
- Data as of
- 11/2021
- EIN
- 36-3501186
Organization Overview
Grundy County Farm Bureau Foundation is located in Morris, IL. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grundy County Farm Bureau Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Grundy County Farm Bureau Foundation generated $25.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $12.6k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cash Biros Director | 0 | $0 | |
John D'arcy Director | 0 | $0 | |
Brent Baker President | 0 | $0 | |
Howard Huntley Treasurer | 0 | $0 | |
Steve Kodat Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,371 |
| Interest on Savings | $2,165 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,062 |
| Total Revenue | $25,598 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $640 |
| Total operating and administrative expenses | $640 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $12,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,919 |
| Savings and temporary cash investments | $8 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $144,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $2,000 |
Grants Awarded
Over the last fiscal year, Grundy County Farm Bureau Foundation has awarded $12,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SYDNEY POYNER PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,500 |
ETHAN BROCKMAN PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,500 |
GRACE HALPIN PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,500 |
ISAAC BROCKMAN PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,500 |
MAVERIC VARLAND PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,000 |
KYLE BENSON PURPOSE: SCHOLARSHIPS FOR AG EDUCATION | $1,000 |
Peer Organizations
| 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 |