Iowa Farm Bureau Federation
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Orange City, IA
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 42-0527883
Organization Overview
Iowa Farm Bureau Federation, operating under the name Sioux County Farm Bureau, is located in Orange City, IA. The organization was established in 1945. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Sioux County 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 12/2022, Sioux County Farm Bureau generated $1.1m in total revenue. All expenses for the organization totaled $115.6k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 4 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
TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC POLICY THE ORGANIZATION VALUES THE MEMBERS OPINIONS ON ALL ISSUES AFFECTING AGRICULTURE. EACH FALL WE ASK FOR MEMBER INPUT ON THE TOPICS THE ORGANIZATION SHOULD BE WORKING ON. WE THEN GIVE AN OPPORTUNITY FOR MEMBERS TO VIEW ALL ISSUES BROUGHT UP STATEWIDE AND INDICATE WHICH ISSUES ARE A PRIORITY. IN MARCH OF EACH YEAR, WE SEND OUT A SURVEY ASKING MEMBERS OPINIONS ON SEVERAL ISSUES THAT WERE THE MOST IMPORTANT TO THE MEMBERSHIP. OUR BOARD OF DIRECTORS USES THAT INFORMATION TO COME UP WITH POLICY FOR THE ORGANIZATION. WE PRESENT OUR POLICY AT THE ORGANIZATIONS ANNUAL MEETING HELD IN AUGUST. A DELEGATE FROM THE ORGANIZATION TAKES THE SUGGESTED ISSUES AND SPEAKS FOR THE ORGANIZATION AT THE STATE CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Tennapel President | OfficerTrustee | 1 | $0 |
Micah Rensink Vice President | OfficerTrustee | 1 | $0 |
Mary Schmidt Secretary | OfficerTrustee | 1 | $0 |
David Koopmans Treasurer | OfficerTrustee | 1 | $0 |
Stephanie Dykshorn Voting Delegate | OfficerTrustee | 1 | $0 |
Steve Rozeboom Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $996,526 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $995,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $996,526 |
| Total Program Service Revenue | $68,535 |
| Investment income | $27,455 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $15,064 |
| Net Rental Income | $794 |
| 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 | $1,114,163 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,575 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,492 |
| Compensation of current officers, directors, key employees. | $405 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $217 |
| Payroll taxes | $2,737 |
| Fees for services: Management | $1,523 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $860 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $710 |
| Office expenses | $8,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,507 |
| Interest | $0 |
| Payments to affiliates | $33,506 |
| Depreciation, depletion, and amortization | $3,754 |
| Insurance | $1,931 |
| All other expenses | $0 |
| Total functional expenses | $115,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45 |
| Savings and temporary cash investments | $78,992 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,606 |
| 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 | $54,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,207,881 |
| Total assets | $1,344,232 |
| Accounts payable and accrued expenses | $2,356 |
| 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 | $2,356 |
| Net assets without donor restrictions | $346,700 |
| Net assets with donor restrictions | $995,176 |
| 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 | $1,344,232 |