Livingston County Farm Bureau
- Assets
- $1.6m
- Revenue
- $333.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Pontiac, IL
- Founding
- 05/1942
- Data as of
- 08/2022
- 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 08/2022, 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 08/2022, Livingston County Farm Bureau generated $333.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $320.5k during the year ending 08/2022. While expenses have increased by 3.5% 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Bunting Manager | Officer | 40 | $69,397 |
Jason Bunting President | OfficerTrustee | 0.5 | $0 |
Matt Kilgus Vice President | OfficerTrustee | 0.5 | $0 |
Don Immke Treasurer | OfficerTrustee | 0.5 | $0 |
Dennis Krippel Director | Trustee | 0.5 | $0 |
Brenda Collins Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $70,539 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,327 |
| Total Program Service Revenue | $89,849 |
| Investment income | $55,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,376 |
| 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 | $14,331 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,258 |
| 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. | $69,397 |
| Compensation of current officers, directors, key employees. | $20,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,488 |
| Pension plan accruals and contributions | $5,038 |
| Other employee benefits | $15,130 |
| Payroll taxes | $8,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,484 |
| Office expenses | $7,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,563 |
| Travel | $2,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,163 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,097 |
| Insurance | $2,442 |
| All other expenses | $21,313 |
| Total functional expenses | $320,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,622 |
| Savings and temporary cash investments | $648,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,827 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,134 |
| Prepaid expenses and deferred charges | $8,843 |
| Net Land, buildings, and equipment | $139,459 |
| Investments—publicly traded securities | $592,681 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,932 |
| Total assets | $1,579,970 |
| Accounts payable and accrued expenses | $9,772 |
| 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 | $9,772 |
| Net assets without donor restrictions | $1,570,198 |
| 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 | $1,579,970 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Livingston County Farm Bureau has recieved totaling $33,261.
| Awarding Organization | Amount |
|---|---|
Illinois Agricultural Association Bloomington, IL PURPOSE: Agricultural Education | $24,033 |
Iaa Foundation Bloomington, IL PURPOSE: Ag Literacy | $9,228 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |