Illinois Farmers Union Inc
- Assets
- $190.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Altamont, IL
- Founding
- 11/1966
- Data as of
- 12/2021
- 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 12/2021, Illinois Farmers Union Inc generated $97.9k 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 (6.2%) each year. All expenses for the organization totaled $110.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) 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 |
|---|---|---|---|
Larry Lieb Trustee | 1 | $0 | |
Rick Duvall Trustee | 1 | $0 | |
Robert Davies Trustee | 1 | $0 | |
Lynn Tappendorf Sec-Treas | 1 | $0 | |
Donald Bauer Trustee | 1 | $0 | |
Norbert Brauer President | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,063 |
| Membership dues | $9,550 |
| Investment income | $77,681 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $8,608 |
| Total Revenue | $97,902 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,166 |
| Professional fees and other payments to independent contractors | $2,901 |
| Occupancy, rent, utilities, and maintenance | $90,157 |
| Printing, publications, postage, and shipping | $755 |
| Other expenses | $14,270 |
| Total expenses | $110,249 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $13,655 |
| Other assets | $0 |
| Total assets | $190,248 |
| Total liabilities | $63,027 |
| Net assets or fund balances | $127,221 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |