Ford-Iroquois Farm Bureau
- Assets
- $2.6m
- Revenue
- $546.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Gilman, IL
- Founding
- 04/1993
- Data as of
- 10/2022
- EIN
- 37-0949884
Organization Overview
Ford-Iroquois Farm Bureau is located in Gilman, IL. The organization was established in 1993. 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 10/2022, Ford-Iroquois Farm Bureau employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ford-Iroquois 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 10/2022, Ford-Iroquois Farm Bureau generated $546.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $280.0k during the year ending 10/2022. 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 NET INCOME FOR OUR FARMING FAMILIES, IMPROVE THE ECONOMIC WELL BEING OF OUR MEMBERS, AND PROMOTE A POSITIVE IMAGE FOR THE AGRICULTURE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS & ACTIVITIES - THE FARM BUREAU DEVELOPS AND IMPLEMENTS PROGRAMS IN MANY AREAS INCLUDING HEALTH SAFETY, LOCAL ISSUES, COMMUNITY RELATIONS, AND POLICY DEVELOPMENT FOR THE FARM BUREAU.
MEMBERSHIP NEWSLETTER - A NEWSLETTER IS SENT TO MEMBERS ANNOUNCING PROGRAMS AND SERVICES AVAILABLE WHILE PROVIDING IMPORTANT AGRICULTURAL NEWS.
AGRICULTURE IN THE CLASSROOM - SPONSOR PROGRAMS TO INFORM STUDENTS, TEACHERS, AND ADMINISTRATORS ABOUT THE TRUE VALUE OF THE TOTAL AGRICULTURE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Ulfers Treasurer | OfficerTrustee | 1 | $0 |
Howard Loy Director | OfficerTrustee | 1 | $0 |
Ronald Bork Director | OfficerTrustee | 1 | $0 |
Randy Aberle President | Trustee | 1 | $0 |
Roger Gustafson Director | Trustee | 1 | $0 |
Doug Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $84,172 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,672 |
| Total Program Service Revenue | $0 |
| Investment income | $143,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$2,313 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $546,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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. | $3,640 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,153 |
| Pension plan accruals and contributions | $3,391 |
| Other employee benefits | $13,433 |
| Payroll taxes | $6,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,477 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,709 |
| Information technology | $3,850 |
| Royalties | $0 |
| Occupancy | $6,473 |
| Travel | $1,257 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,029 |
| Insurance | $4,687 |
| All other expenses | $9,577 |
| Total functional expenses | $280,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,872 |
| Savings and temporary cash investments | $200,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,469 |
| 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 | $48,011 |
| Net Land, buildings, and equipment | $267,504 |
| Investments—publicly traded securities | $1,919,339 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,640,195 |
| Accounts payable and accrued expenses | $34,125 |
| Grants payable | $0 |
| Deferred revenue | $41,860 |
| 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 | $75,985 |
| Net assets without donor restrictions | $2,564,210 |
| 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 | $2,640,195 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ford-Iroquois Farm Bureau has recieved totaling $7,952.
| Awarding Organization | Amount |
|---|---|
Illinois Agricultural Association Bloomington, IL PURPOSE: Agricultural Education | $7,952 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Missouri Corn Growers Association Jefferson City, MO | $1,688,934 | $807,916 |