Cass Morgan Farm Bureau
- Assets
- $1.6m
- Revenue
- $341.1k
- Investments
- $446.7k
- Employees
- 3
- Location
- Jacksonville, IL
- Founding
- 07/1971
- Data as of
- 03/2024
- EIN
- 37-0919211
Organization Overview
Cass Morgan Farm Bureau is located in Jacksonville, IL. The organization was established in 1971. 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 03/2024, Cass Morgan Farm Bureau employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cass Morgan 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 03/2024, Cass Morgan Farm Bureau generated $341.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $222.6k during the year ending 03/2024. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE A BETTER CLIMATE FOR AGRICULTURE, PROTECT THE INTERESTS AND SERVE THE NEEDS OF CASS-MORGAN FARM BUREAU MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURE IN THE CLASSROOM - PROGRAM TO EDUCATE ELEMENTARY SCHOOL STUDENTS ABOUT AGRICULTURE.
LEADERSHIP ACTIVITIES - ACTIVITIES INCLUDE TRAINING FOR BOARD MEMBERS, YOUNG LEADERS, FUTURE LEADERS, AND SECONDARY SCHOOL STUDENTS.
EDUCATIONAL ACTIVITIES - PROGRAMS INCLUDE MARKETING PROMOTION, ESTATE AND FINANCIAL PLANNING, AND COMMUNITY AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Hadden President | OfficerTrustee | 0 | $0 |
Doug Coop Vice President | OfficerTrustee | 0 | $0 |
Jenny Ring Secretary | OfficerTrustee | 0 | $0 |
Jeff Carls Treasurer | OfficerTrustee | 0 | $0 |
Charlie Crow Director | Trustee | 0 | $0 |
Jon Freeman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $62,262 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,445 |
| Total Program Service Revenue | $23,869 |
| Investment income | $52,099 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $61,552 |
| Net Rental Income | -$1,394 |
| 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 | $63 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $341,105 |
| 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. | $3,220 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,658 |
| Pension plan accruals and contributions | $16,314 |
| Other employee benefits | -$156 |
| Payroll taxes | $8,220 |
| 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 | $11,565 |
| Advertising and promotion | $2,789 |
| Office expenses | $16,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,545 |
| Travel | $4,599 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,725 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,433 |
| Insurance | $3,257 |
| All other expenses | $0 |
| Total functional expenses | $222,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $77,009 |
| Accounts receivable, net | $11,120 |
| 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 | $2,757 |
| Net Land, buildings, and equipment | $55,874 |
| Investments—publicly traded securities | $877,019 |
| Investments—other securities | $446,692 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,640,934 |
| Accounts payable and accrued expenses | $10,590 |
| Grants payable | $0 |
| Deferred revenue | $953 |
| 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 | $0 |
| Total liabilities | $11,543 |
| Net assets without donor restrictions | $1,629,391 |
| 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 | $1,640,934 |