Hancock County Farm Bureau
- Assets
- $1.0m
- Revenue
- $229.6k
- Investments
- $889.2k
- Employees
- 5
- Location
- Carthage, IL
- Founding
- 12/1924
- Data as of
- 08/2024
- EIN
- 37-0667474
Organization Overview
Hancock County Farm Bureau is located in Carthage, IL. The organization was established in 1924. 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 08/2024, Hancock County Farm Bureau employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock 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 08/2024, Hancock County Farm Bureau generated $229.6k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $168.9k during the year ending 08/2024. While expenses have increased by 3.8% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AG EDUCATION - THE HANCOCK COUNTY FARM BUREAU SUPPORTS AG IN THE CLASSROOM PROGRAM THROUGHOUT HANCOCK COUNTY. THE COORDINATOR PRESENTS TO OVER 600 CLASSROOMS THROUGHOUT THE COURSE OF THE YEAR. THE FARM BUREAU ALSO PROVIDES AGRICULTURAL EDUCATION LEARNING MATERIALS TO CLASSROOMS AROUND THE COUNTY. THE FARM BUREAU HAS PROGRAMS TO ALLOW STUDENTS TO GET THEIR "FIRST" EXPERIENCE ON A FARM.
INFORMATIONAL SEMINARS AND PROGRAMS - HOST MANY DIFFERENT PROGRAMS THROUGHOUT THE COUNTY IN MANY AG-RELATED TOPICS. THE FARM BUREAU PROVIDES INFORMATIONAL SEMINARS TO THE MEMBERS ABOUT FARMING PRACTICES. ISSUES REGARDING AGRICULTURE, AND MUCH MORE TO KEEP THE FARMERS BUSINESSES IN COMPLIANCE WITH REGULATIONS. THE BOARD PRESENTS ISSUES TO REPRESENTING LEGISLATORS. THEY USE SEMINARS TO SIMPLY INFORM THE PUBLIC AND MEMBERS. THE TYPES OF SEMINARS CONDUCTED INCLUDE MARKETING, ANIMAL PRODUCTION, AND RIVER ISSUE SEMINARS.
MEMBER SERVICE - THE FARM BUREAU PRIDES ITSELF ON MEMBERSHIP SERVICES TO A MEMBERSHIP BASE OF 2,292 MEMBERS. MANY OF THEM MIGHT BE IN THE METHOD OF COMMODITY PROMOTION, SERVICES DIRECTLY TO MEMBERS, AND MUCH MORE. THE FARM BUREAU HOLDS PROGRAMS TO HELP MEMBERS COMPARE TILLAGE TOOLS AND DEFENSIVE DRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Stevens President | OfficerTrustee | 0 | $0 |
Ted Knorr Vice President | OfficerTrustee | 0 | $0 |
Matthew Starr Secretary | OfficerTrustee | 0 | $0 |
Lane Sinele Treasurer | OfficerTrustee | 0 | $0 |
Chris Harrell Fifth Man | OfficerTrustee | 0 | $0 |
Mike Hamman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $59,751 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,189 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,940 |
| Total Program Service Revenue | $16,355 |
| Investment income | $33,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $54,857 |
| 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 | -$3,979 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $229,647 |
| 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. | $2,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,121 |
| Pension plan accruals and contributions | $4,211 |
| Other employee benefits | $3,764 |
| Payroll taxes | $6,548 |
| 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 | $4,577 |
| Advertising and promotion | $7,749 |
| Office expenses | $11,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,335 |
| Travel | $3,731 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,453 |
| All other expenses | $96 |
| Total functional expenses | $168,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,548 |
| Accounts receivable, net | $0 |
| 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 | $2,004 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $889,170 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,004,321 |
| Accounts payable and accrued expenses | $5,098 |
| Grants payable | $0 |
| Deferred revenue | $976 |
| 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 | $668 |
| Total liabilities | $6,742 |
| Net assets without donor restrictions | $997,579 |
| 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 | $1,004,321 |