Illinois Farmers Union Inc
- Assets
- $180.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Altamont, IL
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 37-0715122
Organization Overview
Illinois Farmers Union Inc is located in Altamont, IL. The organization was established in 1966. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Farmers Union Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Illinois Farmers Union Inc generated $71.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $85.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norbert Brauer Trustee | 1 | $0 | |
Jim Larkin Trustee | 1 | $0 | |
Lynn Tappendorf Secretary An | 1 | $0 | |
Larry Lieb Vice Preside | 1 | $0 | |
Stanton Stine Trustee | 1 | $0 | |
David Ramsey Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,627 |
| Membership dues | $6,630 |
| Investment income | $58,698 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,970 |
| Total Revenue | $71,925 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,737 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $532 |
| Other expenses | $82,183 |
| Total expenses | $85,452 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,045 |
| Other assets | $0 |
| Total assets | $180,082 |
| Total liabilities | $66,388 |
| Net assets or fund balances | $113,694 |