Mcdonough County Farm Bureau
- Assets
- $647.7k
- Revenue
- $176.9k
- Investments
- $540.1k
- Employees
- 7
- Location
- Macomb, IL
- Founding
- 10/1926
- Data as of
- 11/2023
- EIN
- 37-0408280
Organization Overview
Mcdonough County Farm Bureau is located in Macomb, IL. The organization was established in 1926. 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. As of 11/2023, Mcdonough County Farm Bureau employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcdonough 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 11/2023, Mcdonough County Farm Bureau generated $176.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $133.9k during the year ending 11/2023. 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
AN AGRICULTURAL GRASSROOTS ORGANIZATION DEVOTED TO ENSURING THE QUALITY OF LIFE FOR OUR COUNTY FARM BUREAU MEMBERS, TODAY AND TOMORROW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES - TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR MEMBERSHIP.
INFORMATION PUBLICATION - TO PROVIDE A QUARTERLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP.
PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES - ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colby Hunt President | OfficerTrustee | 1 | $0 |
Levi Greuel Vice President | OfficerTrustee | 1 | $0 |
Seth Lambert Secretary | OfficerTrustee | 1 | $0 |
Andy Bartlow Treasurer | OfficerTrustee | 1 | $0 |
Kody Bowman Director | Trustee | 1 | $0 |
Mitchell Curtis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,874 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,403 |
| Total Program Service Revenue | $10,913 |
| Investment income | $23,676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $32,841 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,861 |
| 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. | $2,503 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,324 |
| Pension plan accruals and contributions | $543 |
| Other employee benefits | $153 |
| Payroll taxes | $5,830 |
| 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 | $4,177 |
| Advertising and promotion | $2,470 |
| Office expenses | $7,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,507 |
| Travel | $3,442 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,418 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,467 |
| All other expenses | $778 |
| Total functional expenses | $133,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,605 |
| 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 | $299 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,122 |
| Investments—other securities | $540,051 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $647,666 |
| Accounts payable and accrued expenses | $2,813 |
| Grants payable | $0 |
| Deferred revenue | $24,008 |
| 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 | $48 |
| Total liabilities | $26,869 |
| Net assets without donor restrictions | $620,797 |
| 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 | $647,666 |