Marion County Farm Bureau
- Assets
- $520.1k
- Revenue
- $215.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Salem, IL
- Founding
- 10/1935
- Data as of
- 03/2022
- EIN
- 37-0664113
Organization Overview
Marion County Farm Bureau is located in Salem, IL. The organization was established in 1935. 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 03/2022, Marion County Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion 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 03/2022, Marion County Farm Bureau generated $215.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $184.3k during the year ending 03/2022. While expenses have increased by 0.8% 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 REPRESENT OUR MEMBERS AND PROVIDE SERVICES, LEADERSHIP, AND EDUCATION FOR THE ECONOMIC WELL-BEING OF AGRICULTURE IN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES - TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR MEMBERSHIP OF APPROXIMATELY 2000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Hester Vice President | Officer | 1 | $0 |
Steven Brummel President | Officer | 1 | $0 |
Gregg Brink Treasurer | Officer | 1 | $0 |
Andrew Headly Secretary | Officer | 1 | $0 |
Joseph Yates Director | Trustee | 0.5 | $0 |
Curtis Hanks Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,731 |
| Fundraising events | $0 |
| Related organizations | $65,542 |
| Government grants | $35,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,438 |
| Total Program Service Revenue | $0 |
| Investment income | $10,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,273 |
| Net Rental Income | $26,492 |
| Net Gain/Loss on Asset Sales | -$10,297 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,177 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,759 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,282 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,615 |
| Payroll taxes | $2,573 |
| Fees for services: Management | $39,651 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,461 |
| Office expenses | $12,514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,941 |
| Travel | $4,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,421 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $184,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,989 |
| Savings and temporary cash investments | $90,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,590 |
| Prepaid expenses and deferred charges | $2,053 |
| Net Land, buildings, and equipment | $174,769 |
| Investments—publicly traded securities | $136,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $772 |
| Total assets | $520,121 |
| Accounts payable and accrued expenses | $16,359 |
| Grants payable | $0 |
| Deferred revenue | $250 |
| 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 | $16,609 |
| Net assets without donor restrictions | $503,512 |
| 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 | $520,121 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marion County Farm Bureau has recieved totaling $9,882.
| Awarding Organization | Amount |
|---|---|
Dorothy Ratermann Charitable Remainder Unitrust 04182001 Salem, IL PURPOSE: SCHOLARSHIPS | $5,251 |
Wilhelmine Ratermann Charitable Remainderr Unitrust 04182001 Salem, IL PURPOSE: SCHOLARSHIPS | $4,631 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Missouri Corn Growers Association Jefferson City, MO | $1,688,934 | $807,916 |