Iowa Farm Bureau Federation
- Assets
- $1.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Marshalltown, IA
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 42-0680721
Organization Overview
Iowa Farm Bureau Federation, operating under the name Marshall County Farm Bureau, is located in Marshalltown, 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. As of 12/2022, Marshall County Farm Bureau employed 4 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Marshall 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, Marshall County Farm Bureau generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $135.5k during the year ending 12/2022. 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
AGRICULTURAL AND MEMBERSHIP PROMOTION THE COMPANY PROMOTED AGRICULTURE TO THE GENERAL PUBLIC AND ITS MEMBERS THROUGHOUT THE YEAR. OUR LEADERS PROMOTE AGRICULTURE THROUGH MEDIA OUTLET INTERVIEWS AND PLACING ADVERTISEMENTS IN LOCAL NEWSPAPERS ON AGRICULTURE TOPICS. FUNDS ARE SPENT ON LOCAL ACTIVITIES AND PROMOTION OF AGRICULTURE AND 1,800 ON PUBLIC RELATIONS TO POSITIVELY PROMOTE AGRICULTURE. THE COMPANY PROMOTED AGRICULTURE THROUGH SPONSORSHIP OF THE LOCAL PROGRAMS AND SPONSORSHIP OF IN PERSON AND VIRTUAL EVENTS AT THE COUNTY FAIR FOR THE GENERAL PUBLIC AND MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Burt President | OfficerTrustee | 1.5 | $0 |
George Baitinger Vice President | OfficerTrustee | 1.5 | $0 |
Carol Tripp Secretary | OfficerTrustee | 1.5 | $0 |
Brittany Tow Treasurer | OfficerTrustee | 1.5 | $0 |
Allen Burt Voting Delegate | OfficerTrustee | 1.5 | $0 |
Ethan Crow Director | Trustee | 0.5 | $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 | $538 |
| Noncash contributions included in lines 1a–1f | $995,176 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,064 |
| Total Program Service Revenue | $49,410 |
| Investment income | $27,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,195 |
| Net Rental Income | $1,893 |
| 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 | $1,127,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,225 |
| Grants and other assistance to domestic individuals. | $2,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,782 |
| 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 | $56,193 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $547 |
| Payroll taxes | $4,441 |
| Fees for services: Management | $1,098 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,618 |
| Office expenses | $8,633 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,882 |
| Interest | $0 |
| Payments to affiliates | $24,156 |
| Depreciation, depletion, and amortization | $4,836 |
| Insurance | $1,935 |
| All other expenses | $0 |
| Total functional expenses | $135,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $21,358 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,920 |
| 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 | $97,414 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,138,209 |
| Total assets | $1,265,951 |
| Accounts payable and accrued expenses | $6,795 |
| 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 | $6,795 |
| Net assets without donor restrictions | $263,980 |
| 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 | $1,265,951 |