Ford-Iroquois Farm Bureau
- Assets
- $2.9m
- Revenue
- $651.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Gilman, IL
- Founding
- 04/1993
- Data as of
- 10/2023
- 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 10/2023, Ford-Iroquois Farm Bureau employed 5 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 10/2023, Ford-Iroquois Farm Bureau generated $651.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $290.9k during the year ending 10/2023. 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Aberle President | Trustee | 1 | $0 |
Howard Loy Director | Trustee | 1 | $0 |
Mike Pilcher Director | Trustee | 1 | $0 |
Donald Ulfers Director | Trustee | 1 | $0 |
Robert Lindgren Director | Trustee | 1 | $0 |
Roger Gustafson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $82,583 |
| 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 | $91,083 |
| Total Program Service Revenue | $0 |
| Investment income | $225,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$5,534 |
| 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 | $651,909 |
| 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. | $3,340 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,594 |
| Pension plan accruals and contributions | $3,716 |
| Other employee benefits | $16,909 |
| Payroll taxes | $7,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,533 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,177 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $13,287 |
| Information technology | $3,678 |
| Royalties | $0 |
| Occupancy | $7,709 |
| Travel | $1,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,079 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,367 |
| Insurance | $4,608 |
| All other expenses | $8,434 |
| Total functional expenses | $290,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,446 |
| Savings and temporary cash investments | $400,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,055 |
| 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 | $65,913 |
| Net Land, buildings, and equipment | $257,025 |
| Investments—publicly traded securities | $1,985,737 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,897,176 |
| Accounts payable and accrued expenses | $33,058 |
| Grants payable | $0 |
| Deferred revenue | $40,723 |
| 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 | $73,781 |
| Net assets without donor restrictions | $2,823,395 |
| 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 | $2,897,176 |