Warren Henderson Farm Bureau Inc
- Assets
- $1.0m
- Revenue
- $231.3k
- Investments
- $964.0
- Employees
- 2
- Location
- Monmouth, IL
- Founding
- 02/1993
- Data as of
- 03/2024
- EIN
- 37-1254699
Organization Overview
Warren Henderson Farm Bureau Inc is located in Monmouth, 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 03/2024, Warren Henderson Farm Bureau Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warren Henderson Farm Bureau 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 03/2024, Warren Henderson Farm Bureau Inc generated $231.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $195.4k during the year ending 03/2024. While expenses have increased by 0.0% per year over the past 9 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 AND SUPPORT AGRICULTURE AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER RELATIONS - WE HOLD PROGRAMS TO BENEFIT OUR MEMBERS AND PROVIDE THEM WITH USEFUL INFORMATION. THERE ARE 2,158 MEMBERS AT MARCH 31, 2024.
BI-COUNTY CULTIVATOR - WE PUBLISH A MONTHLY NEWSLETTER WITH INFORMATIONAL ARTICLES AND MAIL TO ALL OF OUR MEMBERS.
AG IN THE CLASSROOM - WE PROVIDE PROGRAMS FOR STUDENTS AND TEACHERS TO SHOW THE IMPORTANT ROLE AGRICULTURE PLAYS IN OUR DAILY LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Armstrong President | OfficerTrustee | 1 | $0 |
Will Pruett Vice President | OfficerTrustee | 1 | $0 |
Andrea Ryan Secretary | OfficerTrustee | 1 | $0 |
Cassie Schleich Treasurer | OfficerTrustee | 1 | $0 |
Justin Allaman Director | Trustee | 1 | $0 |
Kim Strickler Director | Trustee | 1 | $0 |
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 | $88,183 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,183 |
| Total Program Service Revenue | $68,039 |
| Investment income | $21,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $58,446 |
| Net Rental Income | -$25,141 |
| Net Gain/Loss on Asset Sales | -$8,350 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $231,262 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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. | $40,011 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,501 |
| Pension plan accruals and contributions | $6,713 |
| Other employee benefits | $214 |
| Payroll taxes | $4,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,353 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,935 |
| Information technology | $3,431 |
| Royalties | $0 |
| Occupancy | $1,462 |
| Travel | $4,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,709 |
| Insurance | $1,394 |
| All other expenses | $23,701 |
| Total functional expenses | $195,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,811 |
| Savings and temporary cash investments | $11,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,234 |
| 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 | $20,679 |
| Net Land, buildings, and equipment | $178,954 |
| Investments—publicly traded securities | $558,427 |
| Investments—other securities | $964 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,046,283 |
| Accounts payable and accrued expenses | $2,826 |
| Grants payable | $0 |
| Deferred revenue | $29,877 |
| 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 | $1,911 |
| Total liabilities | $34,614 |
| Net assets without donor restrictions | $1,011,669 |
| 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 | $1,046,283 |