Livingston County Farm Bureau
- Assets
- $1.8m
- Revenue
- $330.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Pontiac, IL
- Founding
- 05/1942
- Data as of
- 08/2024
- EIN
- 37-0389010
Organization Overview
Livingston County Farm Bureau is located in Pontiac, IL. The organization was established in 1942. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2024, Livingston County Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livingston 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 08/2024, Livingston County Farm Bureau generated $330.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $345.0k during the year ending 08/2024. While expenses have increased by 3.6% per year over the past 9 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
2024
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
YOUNG LEADERS: 18-35 YEAR-OLD AG PROFESSIONALS THAT WORK TO PROMOTE AGRICULTURE IN LIVINGSTON COUNTY.
AG IN THE CLASSROOM: PROGRAMS TO TEACH CHILDREN AS WELL AS ADULTS WHERE THEIR FOOD COMES FROM.
LEGISLATIVE: WE KEEP A STRONG RELATIONSHIP WITH LOCAL, STATE AND NATIONAL LEGISLATORS THROUGH A VARIETY OF PROGRAMS THROUGHOUT THE YEAR SO WE ARE ABLE TO TALK WITH THEM ABOUT ISSUES IN AGRICULTURE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Schmidgall President | OfficerTrustee | 0.5 | $0 |
Matt Kilgus Vice President | OfficerTrustee | 0.5 | $0 |
Sarah Hoerner Secretary-.treasurer | OfficerTrustee | 0.5 | $0 |
Steve Carroll Director | Trustee | 0.5 | $0 |
Brenda Collins Director | Trustee | 0.5 | $0 |
Dennis Krippel Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,717 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,289 |
| Total Program Service Revenue | $103,566 |
| Investment income | $48,532 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,570 |
| 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 | $8,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,027 |
| 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. | $88,045 |
| Compensation of current officers, directors, key employees. | $26,413 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,187 |
| Pension plan accruals and contributions | $8,132 |
| Other employee benefits | $14,973 |
| Payroll taxes | $10,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,435 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,384 |
| Office expenses | $7,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,481 |
| Travel | $3,399 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,046 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,440 |
| Insurance | $2,543 |
| All other expenses | $21,168 |
| Total functional expenses | $345,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,712 |
| Savings and temporary cash investments | $574,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,230 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $693 |
| Prepaid expenses and deferred charges | $4,950 |
| Net Land, buildings, and equipment | $134,517 |
| Investments—publicly traded securities | $800,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $148,466 |
| Total assets | $1,769,909 |
| Accounts payable and accrued expenses | $20,037 |
| 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 | $4,908 |
| Total liabilities | $24,945 |
| Net assets without donor restrictions | $1,744,964 |
| 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 | $1,769,909 |