Grundy County Farm Bureau Foundation
- Assets
- $247.7k
- Revenue
- $29.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Morris, IL
- Founding
- 12/1987
- Data as of
- 11/2023
- 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 11/2023, Grundy County Farm Bureau Foundation generated $29.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $22.8k during the year ending 11/2023. While expenses have increased by 5.3% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Baker President | 0 | $0 | |
Jill Kodat Director | 0 | $0 | |
Howard Huntley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,877 |
| Interest on Savings | $0 |
| 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 | $22,352 |
| Total Revenue | $29,229 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $21 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,665 |
| Total operating and administrative expenses | $2,686 |
| Contributions, gifts, grants paid | $20,108 |
| Total expenses and disbursements | $22,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,701 |
| 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 | $247,709 |
| 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 $20,108 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ETHAN BROCKMAN PURPOSE: TUITION ASSISTANCE | $4,358 |
CASE BIROS PURPOSE: TUITION ASSISTANCE | $500 |
CHRISTOPHER POYNER PURPOSE: TUITION ASSISTANCE | $500 |
CARSON HALPIN PURPOSE: TUITION ASSISTANCE | $750 |
RACHEL HEAP PURPOSE: TUITION ASSISTANCE | $750 |
NOLAN O'KEEFE PURPOSE: TUITION ASSISTANCE | $500 |