Iowa Farm Bureau Federation is located in West Des Moines, IA. The organization was established in 1945. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2020, Iowa Farm Bureau Federation employed 71 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Iowa Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2020, Iowa Farm Bureau Federation generated $87.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $56.4m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Iowa Farm Bureau Federation has awarded 689 individual grants totaling $29,836,581. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND COMMUNICATIONS - NEWS SERVICE ISSUES THE WEEKLY PUBLICATION, "IOWA FARM BUREAU SPOKESMAN," WHICH IS THE PRIMARY COMMUNICATIONS VEHICLE BETWEEN STATE AND COUNTY LEADERS AND FARMING MEMBERS PROVIDING REPORTS ON FARM BUREAU POLICY IMPLEMENTATION AND REGULATORY ISSUES AS WELL AS STATE, NATIONAL AND INTERNATIONAL AGRICULTURE NEWS. ALSO PUBLISHED IS A MONTHLY NEWSPAPER, "FAMILY LIVING," DISTRIBUTED TO AG-SUPPORTING MEMBERS. APPROXIMATELY 135,000 MEMBERS BENEFITED FROM BOTH PUBLICATIONS. ADDITIONALLY, A WEEKLY E-NEWSLETTER FOR MEMBER LEADERS, "THE DIRT", IS ALSO PUBLISHED BY NEWS SERVICES BENEFITTING APPROXIMATELY 850 MEMBERS EACH WEEK. THE SPOKESMAN SPEAKS IS A FARMER-FOCUSED PODCAST THAT HAS OVER 13,000 DOWNLOADS ON USEFUL FARM TRENDS AND TIPS. THE TEAM ALSO PRODUCES A SEMI-ANNUAL CONSUMER E-NEWSLETTER, "THE IOWA DISH," WITH A SUBSCRIBER BASE OF MORE THAN 45,800 SUBSCRIBERS FEATURING FARM AND FOOD NEWS. MARKETING FOCUSES ON MEMBER RETENTION AND ACQUISITION THROUGH VARIOUS MEDIUMS INCLUDING VIDEO, ADVERTISING, PRINT, RADIO, MULTI-MEDIA AND WEB MARKETING. THE TEAM MARKETS FARM BUREAU BENEFITS, SERVICES AND PROGRAMS TO THE MEMBERSHIP AS WELL AS THE GENERAL PUBLIC AND MANAGES THE ORGANIZATION'S BRAND. THEY ALSO MANAGE RELATIONSHIPS WITH MEMBER BENEFIT PARTNERS AND COORDINATE PARTNER PROMOTIONS. KEY EVENTS INCLUDE FARM BUREAU'S EXHIBIT AT THE IOWA STATE FAIR AND OUTREACH EFFORTS WITH THE UNIVERSITY OF IOWA THROUGH OUR ANF PARTNERSHIP AND IOWA STATE UNIVERSITY THROUGH OUR FARM STRONG PARTNERSHIP. COMBINED, PARTNER PROMOTIONS REACHED OVER ONE MILLION CONSUMERS WITH FARMING AND FARM BUREAU INFORMATION. PUBLIC RELATIONS STRATEGICALLY COMMUNICATES FARM BUREAU POLICY AND AGRICULTURAL ISSUES TO KEY ORGANIZATIONAL STAKEHOLDERS, INCLUDING: MEMBERS, EMPLOYEES, ELECTED LEADERS, MEMBERS OF THE NEWS MEDIA AND THE GENERAL PUBLIC. THE TEAM ALSO PRODUCES A WEEKLY TV COMMERCIAL, THE IOWA MINUTE, WHICH AIRS TO OVER 2.6 MILLION HOUSEHOLDS AND CONDUCTS MESSAGE AND COMMUNICATIONS TRAINING FOR COUNTY FARM BUREAU'S, TRAINING OVER 368 LAST YEAR. THE TEAM ALSO MANAGED MEDIA RELATION EFFORTS, COORDINATING 149 MEDIA INTERVIEWS RESULTING IN NEARLY 1,400 PLACEMENTS WITH 1.5 IMPRESSIONS. THE DIGITAL MARKETING DEPARTMENT PROVIDES STRATEGIC OUTREACH THROUGH ONLINE (WEB-BASED) AND SOCIAL MEDIA PLATFORMS TO ENGAGE, DEVELOP, MAINTAIN AND EXPAND RELEVANT AND IMPACTFUL DIALOGUES WITH KEY AUDIENCES. OVER 153,000 MEMBERS BENEFITED FROM THESE PROGRAMS.
FIELD SERVICE - WORK WITH 100 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS AND POLICIES THAT BENEFIT MEMBERS AND THE ORGANIZATION IN GENERAL. THIS IS ACCOMPLISHED BY DEVELOPMENT AND DELIVERY OF TRAINING PROGRAMS FOR COUNTY BOARDS OF DIRECTORS AND THEIR EXECUTIVE BOARDS AS WELL AS KEY COUNTY COMMITTEE MEMBERS LIKE YOUNG FARMERS AND AG EDUCATION VOLUNTEERS. THESE PROGRAMS ENHANCE LEADERSHIP SKILLS AND STIMULATE DEVELOPMENT OF FUTURE LEADERS FOR FARM BUREAU, AGRICULTURE, AND RURAL IOWA. THE MEMBER EDUCATION PROGRAMS SUCH AS REGULARLY SCHEDULED WEBINARS, RISK MANAGEMENT AND COMMODITY MARKETING SESSIONS AND THE TAKE ROOT PROGRAM HELPS MEMBERS ACROSS THE STATE WITH THEIR BUSINESS SUCCESSION AND TRANSITION CHALLENGES, RISK MANAGEMENT STRATEGIES AND BUSINESS DEVELOPMENT DECISIONS. THE EDUCATIONAL PRORAMS ALSO ASSISTS FARMERS AND YOUNG FARMERS BEGIN NEW FARM BUSINESSES, ASSISTS FARMERS TO IMPROVE THEIR EXISTING FARM AND BUSINESS MANAGEMENT SKILLS AND IMPROVE NET FARM INCOME.
GOVERNMENT RELATIONS - WORK WITH VOLUNTEER AGRICULTURAL LEADERS TO INFLUENCE PUBLIC POLICY DECISIONS AT THE COUNTY, STATE AND NATIONAL LEVELS. PROVIDES INFORMATION ABOUT ISSUES AFFECTING RURAL IOWANS. OVER 156,000 MEMBERS BENEFITED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sam Funk Director, Research & Commo | 40 | $289,786 | |
Donald Petersen Director, Government Relat | 40 | $247,091 | |
David Miller Former Director, Research & Commo | 40 | $200,815 | |
Marty Schwager Director, Field Service | Officer | 40 | $175,766 |
Joe Heinrich Vice President | OfficerTrustee | 18 | $70,053 |
Calvin Rozenboom Former District 8 Director | 18 | $54,978 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ita Group Travel Services | 10/30/20 | $1,426,077 |
Bow And Arrow Marketing Prod Svc | 10/30/20 | $626,689 |
Times Citizens Communications Mgm & Printg Of Pubs | 10/30/20 | $395,009 |
Decision Innovation Solutions Llc Econ & Research Svc | 10/30/20 | $324,705 |
Travel And Transport Travel Services | 10/30/20 | $135,754 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $111,108 |
Investment income | $76,660,118 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $5,637,417 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,787,772 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$1,075 |
Miscellaneous Revenue | $0 |
Total Revenue | $86,995,533 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $174,520 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $777,742 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,805,328 |
Pension plan accruals and contributions | $3,174,075 |
Other employee benefits | $862,182 |
Payroll taxes | $440,669 |
Fees for services: Management | $903,671 |
Fees for services: Legal | $557,871 |
Fees for services: Accounting | $1,779,786 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $35,734 |
Fees for services: Investment Management | $392,902 |
Fees for services: Other | $672,269 |
Advertising and promotion | $2,832,809 |
Office expenses | $443,801 |
Information technology | $2,542,418 |
Royalties | $1,378,295 |
Occupancy | $869,012 |
Travel | $719,516 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,294,179 |
Interest | $0 |
Payments to affiliates | $779,365 |
Depreciation, depletion, and amortization | $17,109,832 |
Insurance | $171,819 |
All other expenses | $0 |
Total functional expenses | $56,392,802 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $15,005,377 |
Savings and temporary cash investments | $40,207,913 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15,729,166 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $133,291 |
Prepaid expenses and deferred charges | $900,463 |
Investments—publicly traded securities | $568,667,048 |
Investments—other securities | $873,166,235 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $294,774 |
Total assets | $1,514,260,280 |
Accounts payable and accrued expenses | $3,710,831 |
Grants payable | $1,365,045 |
Deferred revenue | $1,888,808 |
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 | $2,015,731 |
Total liabilities | $8,980,415 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $1,505,279,865 |
Over the last fiscal year, Iowa Farm Bureau Federation has awarded $8,314,639 in support to 117 organizations.
Grant Recipient | Amount |
---|---|
West Des Moines, IA PURPOSE: GENERAL CONTRIBUTION | $555,000 |
Ames, IA PURPOSE: AG PROGRAM CONTRIBUTION | $164,000 |
Des Moines, IA PURPOSE: GENERAL CONTRIBUTION | $109,500 |
Ankeny, IA PURPOSE: PARTNERSHIP CONTRIBUTIONS | $100,000 |
Logan, IA PURPOSE: COUNTY FARM BUREAU OPERATING GRANT, COUNTY SHARE GRANT | $80,089 |
Greenfield, IA PURPOSE: COUNTY FARM BUREAU OPERATING GRANT, COUNTY SHARE GRANT | $80,089 |
Beg. Balance | $532,939,222 |
Earnings | $25,402,980 |
Admin Expense | $162,500 |
Net Contributions | $40,870,938 |
Ending Balance | $599,050,640 |
Organization Name | Assets | Revenue |
---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
Central Electric Cooperative Inc Mitchell, SD | $99,096,217 | $37,679,047 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |