Kendall County Farm Bureau Foundation
- Assets
- $557.7k
- Revenue
- $31.1k
- Investments
- $142.9k
- Employees
- 0
- Location
- Morris, IL
- Founding
- 11/1993
- Data as of
- 09/2023
- EIN
- 36-3909620
Organization Overview
Kendall County Farm Bureau Foundation is located in Morris, IL. The organization was established in 1993. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kendall 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 09/2023, Kendall County Farm Bureau Foundation generated $31.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $49.5k during the year ending 09/2023. 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 CARRY ON THE HERITAGE OF KENDALL COUNTY AGRICULTURE INTO THE FUTURE. WITHIN THE FAMILIES OF THIS GREATER COMMUNITY OF PEOPLE LIE THE PROMISES OF TOMORROW'S AGRICULTURE INDUSTRIY, AND THOSE WHO WILL MAKE TODAY'S DREAMS THE REALITY OF TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AG IN THE CLASSROOM - PROVIDES FUNDS FOR COORDINATOR TO MAKE PRESENTATIONS THROUGHOUT THE COUNTY; TO PROMOTE AGRICULTURE AND TO TEACH THE STUDENTS WHERE THEIR FOOD AND FIBER COMES FROM.
STUDENT SCHOLARSHIP PROGRAM - PROVIDE SCHOLARSHIPS FOR STUDENTS WHO WILL BE ENTERING A FIELD OF AGRICULTURAL STUDY. WE AWARDED 16 SCHOLARSHIPS THIS YEAR, 4 - $2,000, 4 - $1,000, AND 8 - $500 SCHOLARSHIPS.
PLANO SCHOOL FARM - PROGRAM PROVIDING YOUNG LEADERS THE OPPORTUNITY TO ASSIST IN PLANTING AND RECEIVING HANDS ON EXPERIENCE IN FARMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Schobert President | OfficerTrustee | 0 | $0 |
Gary Brummel Vice President | OfficerTrustee | 0 | $0 |
William Wykes Secretary | OfficerTrustee | 0 | $0 |
Dave Matlock Treasurer | OfficerTrustee | 0 | $0 |
Rich Stovall Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,407 |
| Total Program Service Revenue | $0 |
| Investment income | $6,725 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,932 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,619 |
| Grants and other assistance to domestic individuals. | $16,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $49,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,054 |
| Savings and temporary cash investments | $390,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $142,863 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5 |
| Total assets | $557,724 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $557,724 |
| 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 | $557,724 |
Grants Awarded
Over the last fiscal year, Kendall County Farm Bureau Foundation has awarded $28,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KENDALL COUNTY SOIL & WATER PURPOSE: AG IN THE CLASSROOM | $18,000 |
PLANO SCHOOL FARM PURPOSE: YOUNG LEADERS PLANTING EXPERIENCE | $10,250 |