Wisconsin Farm Bureau Foundation Inc
- Assets
- $1.7m
- Revenue
- $359.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 08/1990
- Data as of
- 09/2023
- EIN
- 39-1629833
Organization Overview
Wisconsin Farm Bureau Foundation Inc is located in Madison, WI. The organization was established in 1990. 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. Wisconsin Farm Bureau Foundation Inc 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 09/2023, Wisconsin Farm Bureau Foundation Inc generated $359.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $574.8k during the year ending 09/2023. 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
WI FARM BUREAU FOUNDATIONS MISSION IS TO SUPPORT AGRICULTURAL EDUCATION AND DEVELOP LEADERSHIP IN THE AG SECTOR AS A WHOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE YOUNG FARMERS COMMITTEE IS TO 1 PROMOTE THE UNDERSTANDING OF WISCONSIN AGRICULTURE AND ITS IMPORTANCE AMONG FARMERS UNDER THIRTY-FIVE YEARS OF AGE, 2 ENCOURAGE PARTICIPATION BY YOUNG FARMERS IN ACTIVITIES BENEFICIAL TO THE AGRICULTURAL COMMUNITY IN WISCONSIN AND PROMOTE LEADERSHIP DEVELOPMENT ACTIVITIES.
WISCONSIN FARM BUREAUS AG IN THE CLASSROOM PROGRAM PROVIDES TEACHERS AND K-12 STUDENTS WITH AN UNDERSTANDING OF HOW THEIR FOOD IS PRODUCED. THE PROGRAM SEEKS TO WORK WITHIN EXISTING CURRICULA TO PROVIDE BASIC INFORMATION ON OUR NATIONS LARGEST INDUSTRY AGRICULTURE. AG IN THE CLASSROOM OFFERS A WIDE VARIETY OF EDUCATIONAL RESOURCES, ACTIVITIES AND SUPPORT FOR TEACHERS, SCHOOLS, HOME SCHOOL PARENTS AND VOLUNTEERS WORKING WITH AGRICULTURAL LITERACY. AITC PROVIDES RESOURCES FOR PREK THROUGH HIGH SCHOOL GRADE LEVELS.
THE PURPOSE OF THE PROMOTION AND EDUCATION COMMITTEE IS TO PLAN AND CARRY OUT PROJECTS AND ACTIVITIES TO EDUCATE YOUTH AND CONSUMERS ABOUT AGRICULTURE AND PROMOTE POSITIVE MESSAGES ABOUT FARMING, FOOD SAFETY, ANIMAL WELFARE, AND OTHER AGRICULTURAL TOPICS APPROPRIATE TO ADULT AND YOUTH AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Krentz Officer | OfficerTrustee | 0.3 | $0 |
Steve Mason Officer | Officer | 0.3 | $0 |
Kim Pokorny Former Officer | 0.3 | $0 | |
Dave Daniels Officer | OfficerTrustee | 0.15 | $0 |
Joseph Bragger Director | Trustee | 0.15 | $0 |
Ryan Klussendorf Director | Trustee | 0.15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,386 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,641 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,027 |
| Total Program Service Revenue | $0 |
| Investment income | $21,468 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,963 |
| Net Income from Fundraising Events | $55,335 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $359,793 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,515 |
| Pension plan accruals and contributions | $1,938 |
| Other employee benefits | $1,167 |
| Payroll taxes | $2,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,630 |
| Office expenses | $17,908 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,141 |
| 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 | $734 |
| Insurance | $574 |
| All other expenses | $48,412 |
| Total functional expenses | $574,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,395 |
| Savings and temporary cash investments | $246,317 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,922 |
| Prepaid expenses and deferred charges | $1,149 |
| Net Land, buildings, and equipment | $3,963 |
| Investments—publicly traded securities | $1,334,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $579 |
| Total assets | $1,677,835 |
| Accounts payable and accrued expenses | $81,559 |
| 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 | $81,559 |
| Net assets without donor restrictions | $1,491,659 |
| Net assets with donor restrictions | $104,617 |
| 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 | $1,677,835 |