Monroe County Farm Bureau
- Assets
- $817.6k
- Revenue
- $219.6k
- Investments
- $167.8k
- Employees
- 5
- Location
- Waterloo, IL
- Founding
- 02/1925
- Data as of
- 12/2023
- EIN
- 37-0664116
Organization Overview
Monroe County Farm Bureau is located in Waterloo, IL. The organization was established in 1925. 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 12/2023, Monroe County Farm Bureau employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monroe 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 12/2023, Monroe County Farm Bureau generated $219.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $187.7k during the year ending 12/2023. While expenses have increased by 0.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE THE QUALITY OF LIFE FOR MEMBER FAMILIES AND PROMOTE THE UNDERSTANDING OF AGRICULTURE IN OUR COMMUNITY WHILE PROTECTING OUR ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES - TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 2,995
INFORMATION PUBLICATION - TO PROVIDE A BI-MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP.
PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES CONDUCTED FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Brinkman President | OfficerTrustee | 1 | $315 |
George Obernagel Vice-President | OfficerTrustee | 1 | $200 |
Virginia Rusteberg Secretary | OfficerTrustee | 1 | $200 |
Ken Hartman Jr Treasurer | OfficerTrustee | 1 | $150 |
Tyler Henry Director | Trustee | 1 | $175 |
Todd Papenberg Director | Trustee | 1 | $175 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000 |
| 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 | $30,788 |
| Total Program Service Revenue | $60,348 |
| Investment income | $17,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $70,997 |
| Net Rental Income | $4,329 |
| 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 | $1,335 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $219,632 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,056 |
| 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. | $42,056 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,589 |
| Pension plan accruals and contributions | $4,582 |
| Other employee benefits | $7,541 |
| Payroll taxes | $4,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,710 |
| 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 | $4,941 |
| Information technology | $2,615 |
| Royalties | $0 |
| Occupancy | $4,003 |
| Travel | $1,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,439 |
| Insurance | $4,605 |
| All other expenses | $17,784 |
| Total functional expenses | $187,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,688 |
| Savings and temporary cash investments | $169,132 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,692 |
| 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 | $6,811 |
| Net Land, buildings, and equipment | $199,378 |
| Investments—publicly traded securities | $248,100 |
| Investments—other securities | $167,816 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $817,617 |
| Accounts payable and accrued expenses | $6,080 |
| Grants payable | $0 |
| Deferred revenue | $15,527 |
| 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 | $18,598 |
| Total liabilities | $40,205 |
| Net assets without donor restrictions | $777,412 |
| 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 | $817,617 |