Livingston County Farm Bureau Foundation
- Assets
- $1.1m
- Revenue
- $78.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Pontiac, IL
- Founding
- 12/1991
- Data as of
- 08/2022
- EIN
- 37-1284564
Organization Overview
Livingston County Farm Bureau Foundation is located in Pontiac, IL. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Livingston County Farm Bureau Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Livingston County Farm Bureau Foundation generated $78.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $45.3k during the year ending 08/2022. While expenses have increased by 3.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LIVINGSTON COUNTY FARM BUREAU FOUNDATION ("FOUNDATION") WAS ESTABLISHED TO: (1) PROVIDE SCHOLARSHIPS FOR PERSONS STUDYING AGRICULTURE AND RELATED FIELDS, INCLUDING BUT NOT LIMITED TO BUSINESS, ECONOMICS, EDUCATION, VETERINARY MEDICINE, ASSOCIATION MANAGEMENT, AND LEADERSHIP DEVELOPMENT; (2) ENCOURAGE, PROMOTE AND FUND THE DESIGN, DEVELOPMENT AND DISTRIBUTION OF EDUCATIONAL AND INSTRUCTIONAL MATERIALS, PROGRAMS AND SEMINARS TO PROVIDE IMPROVED INSTRUCTION ABOUT AGRICULTURE, HORTICULTURE AND THEIR RELATED FIELDS, INCLUDING BUT NOT LIMITED TO PROGRAMS FOR STUDENTS AND YOUNG ADULTS SUCH AS 4-H, FFA, LEADERS TO WASHINGTON, ALOT, AND AG-IN-THE-CLASSROOM; (3) PROMOTE, FUND AND CONDUCT PROGRAMS FOR THE DEVELOPMENT OF PUBLIC LIBRARY COLLECTIONS WITH SPECIAL EMPHASIS ON AGRICULTURE AND ITS RELATED FIELDS; (4) ENCOURAGE, PROMOTE, AND FUND EDUCATION AND RESEARCH DESIGNED TO IMPROVE AGRICULTURE; (5) PROMOTE, FUND AND CONDUCT SEMINARS AND SCHOOLS FOR EDUCATIONAL AND SCIENTIFIC LEADERSHIP PURPOSE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Kimpling Chairman | OfficerTrustee | 0.5 | $0 |
Jason Bunting Vice Chairman | OfficerTrustee | 0.5 | $0 |
Sam Detwiler Secretary | OfficerTrustee | 0.5 | $0 |
Stan Blunier Treasurer | OfficerTrustee | 0.5 | $0 |
Gary Collins Director | Trustee | 0.5 | $0 |
Wayne Taylor Director | Trustee | 0.5 | $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 | $24,632 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,632 |
| Total Program Service Revenue | $0 |
| Investment income | $54,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $78,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $6,980 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $9,826 |
| Total functional expenses | $45,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $193,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $713,595 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,828 |
| Total assets | $1,067,869 |
| Accounts payable and accrued expenses | $29,250 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $29,250 |
| Net assets without donor restrictions | $1,038,619 |
| 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 | $1,067,869 |
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 |