Mclean County Farm Bureau
- Assets
- $11.9m
- Revenue
- $797.8k
- Investments
- $7.5m
- Employees
- 5
- Location
- Bloomington, IL
- Founding
- 01/1944
- Data as of
- 11/2022
- EIN
- 37-0667490
Organization Overview
Mclean County Farm Bureau is located in Bloomington, IL. The organization was established in 1944. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 11/2022, Mclean County Farm Bureau employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclean 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 11/2022, Mclean County Farm Bureau generated $797.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.6m during the year ending 11/2022. 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 IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE IN MCLEAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 11,489 AND TO PROVIDE A MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Swartz Manager | Officer | 40 | $120,918 |
Darren Davis Vice-Preside | OfficerTrustee | 1 | $2,300 |
John Burkhart Director | Trustee | 1 | $1,800 |
Brian Dirks President | OfficerTrustee | 1 | $1,800 |
Mark Hines Director | Trustee | 1 | $1,800 |
David Schuler Director | Trustee | 1 | $1,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $148,257 |
| Investment income | $312,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,761 |
| 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. | $160,958 |
| Compensation of current officers, directors, key employees. | $32,191 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,213 |
| Pension plan accruals and contributions | $14,032 |
| Other employee benefits | $11,817 |
| Payroll taxes | $20,249 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,474 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $28,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,326 |
| Travel | $999 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,405 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,344 |
| Insurance | $5,748 |
| All other expenses | $14,296 |
| Total functional expenses | $2,617,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,456 |
| Savings and temporary cash investments | $2,000,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,521 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $171,582 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,595 |
| Net Land, buildings, and equipment | $1,650,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,499,392 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,809 |
| Total assets | $11,868,415 |
| Accounts payable and accrued expenses | $89,501 |
| Grants payable | $0 |
| Deferred revenue | $60,231 |
| 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 | $2,010,401 |
| Total liabilities | $2,160,133 |
| Net assets without donor restrictions | $9,708,282 |
| 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 | $11,868,415 |