Vermilion County Farm Bureau
- Assets
- $2.0m
- Revenue
- $643.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Danville, IL
- Founding
- 01/1952
- Data as of
- 09/2023
- EIN
- 37-0664131
Organization Overview
Vermilion County Farm Bureau is located in Danville, IL. The organization was established in 1952. 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 09/2023, Vermilion County Farm Bureau employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermilion 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 09/2023, Vermilion County Farm Bureau generated $643.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $476.6k during the year ending 09/2023. While expenses have increased by 3.6% per year over the past 4 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
PROMOTE AND PRESERVE AGRICULTURE ACTIVITIES FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
AG IN THE CLASSROOM-PROGRAM SPONSORED BY THE FARM BUREAU TO EDUCATE STUDENTS IN AGRICULTURAL TOPICS
GENERAL MEMBERSHIP ACTIVITIES AND SERVICES-PROMOTION OF AGRICULTURE IN THE COUNTRY AMONGMEMBERS AND NON-MEMBER, PROVIDING MEMBERS WITH INFORMATION,EDUCATION, AND ORGANIZATIONAL AND AMAGERIAL TOOLS REGARDING AGRICULTURE AND RELATED ISSUES, AND DISTRIBUTING PUBLICATIONS TO MEMBERS, AND PROVIDING OUTREACH TO NON-MEMBERS.
LEGISLATIVE AND REGULATORY MONITIORING AND EDUCATION-INCLUDING SAFETY AND COMPLIANCE RECOMMENDATIONS AND TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cole Acton Board Member | Trustee | 1 | $0 |
Brian Blackford Board Member | Trustee | 1 | $0 |
Milton Dalenberg Vice-Preside | Trustee | 1 | $0 |
Brian Death President | Trustee | 2 | $0 |
Curt Elmore Secretary | Trustee | 1 | $0 |
Andrew Gernand Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,570 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,560 |
| 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 | $199,130 |
| Total Program Service Revenue | $12,764 |
| Investment income | $217,619 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $643,021 |
| 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 | $186,227 |
| Pension plan accruals and contributions | $32,834 |
| Other employee benefits | $27,499 |
| Payroll taxes | $14,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,576 |
| 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 | $10,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,093 |
| Travel | $12,592 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,303 |
| Insurance | $2,579 |
| All other expenses | $2,173 |
| Total functional expenses | $476,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $485,688 |
| Savings and temporary cash investments | $877,578 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,786 |
| Prepaid expenses and deferred charges | $7,744 |
| Net Land, buildings, and equipment | $602,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $268 |
| Total assets | $2,017,631 |
| Accounts payable and accrued expenses | $70,115 |
| Grants payable | $0 |
| Deferred revenue | $16,638 |
| 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 | $86,753 |
| Net assets without donor restrictions | $1,930,878 |
| 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 | $2,017,631 |