Montgomery County Farm Bureau
- Assets
- $1.6m
- Revenue
- $401.8k
- Investments
- $319.1k
- Employees
- 2
- Location
- Hillsboro, IL
- Founding
- 05/1936
- Data as of
- 08/2023
- EIN
- 37-0664118
Organization Overview
Montgomery County Farm Bureau is located in Hillsboro, IL. The organization was established in 1936. 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 08/2023, Montgomery County Farm Bureau employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery 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 08/2023, Montgomery County Farm Bureau generated $401.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $302.0k during the year ending 08/2023. 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
TO PROVIDE OUR MEMBERS WITH INFORMATION TO INCREASE PROFITABILITY, QUALITY OF LIFE, AND TO SERVE AS AN ADVOCATE ON AGRICULTURAL ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS FOR OUR MEMBERSHIP TO HELP KEEP THEM INFORMED ABOUT IMPORTANT TOPICS DEALING WITH FARMING WHETHER ON THE SUBJECT OF TAXES, ESTATE PLANNING, DEFENSIVE DRIVING COURSES OR DIRECTORS MEETINGS AT THE LOCAL, STATE AND NATIONAL LEVEL.
AG IN THE CLASSROOM- TO HELP GRADE SCHOOL STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE LEARN WHERE THEIR FOOD COMES FROM AND THAT IT IS PRODUCED IN A SAFE MANNER. WE HELP FFA STUDENTS ATTEND THEIR STATE AND NATIONAL CONVENTIONS, WE GIVE SCHOLARSHIPS TO STUDENTS GOING TO COLLEGE THAT ARE STUDYING IN AN AG RELATED FIELD.
RADIO AND NEWSPAPER PUBLICATIONS HELPING MEMBERSHIP TO BE MORE PROFITABLE IN THEIR BUSINESS. HELP MEMBERS TO BECOME MORE KNOWLEDGABLE ABOUT NEW FARMING PRACTICES AND NEW REGULATIONS FROM THE EPA OR IF THEIR FARMS ARE GOING TO BE IMPACTED BY OUTSIDE INFLUENCES SUCH AS POWER COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Hand President | OfficerTrustee | 1 | $0 |
Matthew Stolte Vice-President | OfficerTrustee | 1 | $0 |
Justin German Secretary | OfficerTrustee | 1 | $0 |
Brad Young Treasurer | OfficerTrustee | 1 | $0 |
Adam Anderson Director | Trustee | 1 | $0 |
Paul Beeler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,341 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,841 |
| Total Program Service Revenue | $0 |
| Investment income | $47,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $68,166 |
| Net Rental Income | -$24,884 |
| Net Gain/Loss on Asset Sales | -$33 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,935 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $401,790 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,506 |
| 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. | $3,870 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,259 |
| Pension plan accruals and contributions | $8,184 |
| Other employee benefits | $7,001 |
| Payroll taxes | $5,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,460 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,289 |
| Information technology | $2,643 |
| Royalties | $0 |
| Occupancy | $3,260 |
| Travel | $2,246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,620 |
| Insurance | $2,669 |
| All other expenses | $22,789 |
| Total functional expenses | $301,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,479 |
| Savings and temporary cash investments | $516,666 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,927 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,472 |
| Prepaid expenses and deferred charges | $281 |
| Net Land, buildings, and equipment | $124,072 |
| Investments—publicly traded securities | $298,236 |
| Investments—other securities | $319,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,570,208 |
| Accounts payable and accrued expenses | $28,506 |
| Grants payable | $0 |
| Deferred revenue | $31 |
| 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 | $28,537 |
| Net assets without donor restrictions | $1,541,671 |
| 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 | $1,570,208 |
Grants Awarded
Over the last fiscal year, Montgomery County Farm Bureau has awarded $11,670 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY CFB FOUNDATION PURPOSE: AG RELATED ACTIVITY | $11,420 |
MACOUPIN COUNTY AG ED FOUNDATION PURPOSE: AG RELATED ACTIVITY | $250 |