Illinois Agricultural Association
- Assets
- $65.7m
- Revenue
- $59.0m
- Investments
- $374.2k
- Employees
- 405
- Location
- Bloomington, IL
- Founding
- 03/1953
- Data as of
- 08/2023
- EIN
- 37-0809856
Organization Overview
Illinois Agricultural Association is located in Bloomington, IL. The organization was established in 1953. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2023, Illinois Agricultural Association employed 405 individuals. This organization is the central organization for a national or regional group of organizations. Illinois Agricultural Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2023, Illinois Agricultural Association generated $59.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $58.7m during the year ending 08/2023. While expenses have increased by 2.2% per year over the past 8 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.
Since 2015, Illinois Agricultural Association has awarded 596 individual grants totaling $22,695,747. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 BY EDUCATING AND DISSEMINATING AGRICULTURAL INFORMATION TO MEMBERS AND OTHERS IN SUCH AREAS AS FINANCE, ECONOMICS AND GOVERNMENTAL POLICY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBER SERVICES- THESE SERVICES INCLUDE PROVIDING COUNTY, REGIONAL AND STATE LEVELS WITH INFORMATION, EDUCATION, ORGANIZATIONAL AND MANAGEMENT TOOLS TO ASSIST IN THEIR HANDLING OF AGRICULTURAL ISSUES AND THE PROMOTION OF AGRICULTURE.
GOVERNMENTAL AFFAIRS - THIS SERVICE AREA MONITORS AGENCY ACTIVITIES AND LEGISLATIVE INITIATIVES AFFECTING MEMBERS AT ALL LEVELS AND SEEKS TO EDUCATE AND INFORM STAKEHOLDERS AT ALL LEVELS TOWARDS BUILDING A MORE PRODUCTIVE, EFFICIENT, AND COMPETITIVE AGRICULTURAL SECTOR FOR OUR MEMBERS.
GENERAL INFORMATION - MARKET INFORMATION, WEATHER, CROP CONDITIONS, REGULATORY, FINANCIAL, ORGANIZATIONAL AND POLITICAL NEWS ON ISSUES OF INTEREST TO OUR MEMBERS IS PROVIDED THROUGH RADIO BROADCASTS, POSTED ON OUR INTERNET WEBSITE, AND THROUGH PUBLICATIONS. THE INFORMATION ASSISTS MEMBERS IN MAKING BUSINESS DECISIONS, PARTICIPATING IN ORGANIZATION EVENTS, AND THEIR UNDERSTANDING OF ISSUES IMPACTING MEMBERS OF OUR ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Jacobs CEO Country Financial | 0 | $0 | |
Jennifer Vance General Counsel | Officer | 40 | $657,038 |
Alan Dodds VP Fin. & Treas | Officer | 40 | $429,061 |
Mark Gebhards Director Of Govermental Affairs | 40 | $423,605 | |
Chris Magnuson Director Of News And Communication | 40 | $361,129 | |
Richard Guebert President | OfficerTrustee | 40 | $442,030 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Commerce Bank - Commercial Cards Financial Services | 8/30/23 | $1,255,267 |
Journal Communications Inc Printing | 8/30/23 | $669,340 |
P&p Press Printing | 8/30/23 | $1,281,733 |
4m Building Solutions Cleaning Service | 8/30/23 | $727,802 |
Henson Robinson Co Contractor | 8/30/23 | $645,465 |
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 | $3,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,500 |
| Total Program Service Revenue | $5,223,642 |
| Investment income | $21,126,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,695,874 |
| Net Rental Income | $600,000 |
| Net Gain/Loss on Asset Sales | $760,809 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,440 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,995,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,028,740 |
| 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. | $3,420,845 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,684,443 |
| Pension plan accruals and contributions | $3,771,025 |
| Other employee benefits | $4,148,841 |
| Payroll taxes | $1,796,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,395 |
| Fees for services: Accounting | $136,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,085,167 |
| Advertising and promotion | $421,110 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,548,518 |
| Travel | $2,044,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,821 |
| Interest | $0 |
| Payments to affiliates | $1,811,560 |
| Depreciation, depletion, and amortization | $808,797 |
| Insurance | $106,224 |
| All other expenses | $4,561,191 |
| Total functional expenses | $58,673,429 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,437,619 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,057,669 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,736 |
| Prepaid expenses and deferred charges | $700,136 |
| Net Land, buildings, and equipment | $23,201,737 |
| Investments—publicly traded securities | $27,782,506 |
| Investments—other securities | $374,215 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,969,048 |
| Total assets | $65,650,666 |
| Accounts payable and accrued expenses | $366,958 |
| Grants payable | $0 |
| Deferred revenue | $3,821,771 |
| 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 | $2,337,601 |
| Total liabilities | $6,526,330 |
| Net assets without donor restrictions | $0 |
| 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 | $59,124,336 |
| Total liabilities and net assets/fund balances | $65,650,666 |
Grants Awarded
Over the last fiscal year, Illinois Agricultural Association has awarded $3,028,740 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ADAMS COUNTY FARM BUREAU PURPOSE: Agricultural Education | $14,885 |
BOND COUNTY FARM BUREAU PURPOSE: Agricultural Education | $44,953 |
BROWN COUNTY FARM BUREAU PURPOSE: Agricultural Education | $71,841 |
BUREAU COUNTY FARM BUREAU PURPOSE: Agricultural Education | $26,883 |
CASS- MORGAN COUNTY FARM BUREAU PURPOSE: Agricultural Education | $89,895 |
CHRISTIAN COUNTY FARM BUREAU PURPOSE: Agricultural Education | $31,254 |