Iowa Farm Bureau Federation
- Assets
- $402.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Nevada, IA
- Founding
- 04/1943
- Data as of
- 12/2021
- EIN
- 42-0680723
Organization Overview
Iowa Farm Bureau Federation, operating under the name Story County Farm Bureau, is located in Nevada, IA. The organization was established in 1943. 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 12/2021, Story County Farm Bureau employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Story 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 12/2021, Story County Farm Bureau generated $198.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $179.4k during the year ending 12/2021. While expenses have increased by 0.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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
EDUCATION: THE COMPANY SPENDS TIME EDUCATING THE PUBLIC AND YOUTH ABOUT IOWA'S AGRICULTURE AND THE AGRICULTURAL ECONOMY. FIVE COLLEGE SCHOLARSHIPS WERE AWARDED TO DESERVING LOCAL STUDENTS. THE COMPANY ALSO EXPANDED ITS AG IN THE CLASSROOM PROGRAM WITH A YEAR-ROUND COORDINATOR. PROGRAMS AND PRESENTATIONS WERE COMPLETED IN LOCAL ELEMENTARY SCHOOLS AND VIA WIRELESS TECHNOLOGY AS WELL AS HANDS ON, IN-CLASSROOM ACTIVITIES. 2,000 STUDENTS WERE IMPACTED BY THESE PROGRAMS.
PUBLIC POLICY: THE COMPANY FUNCTIONS AS A GRASSROOTS SUPPORT NETWORK FOR ENGAGING IN PUBLIC POLICY EDUCATION AND COMMUNICATIONS AFFECTING THEIR MEMBERSHIP. A MEMBER SURVEY IS PRINTED AND DISTRIBUTED TO 600 MEMBERS TO OBTAIN THOUGHTS AND OPINIONS ON ISSUES AFFECTING THEM ON A LOCAL, STATE, AND NATIONAL LEVEL. LEGISLATIVE MEETINGS AND POLICY EDUCATION SESSIONS WERE HOSTED FOR MEMBERS THROUGHOUT THE SEASON.
AGRICULTURE PROMOTION: THE COMPANY PROMOTED AGRICULTURE TO THE GENERAL PUBLIC AND ITS MEMBERS THROUGHOUT THE YEAR. THE COMPANY PROMOTED AGRICULTURE THROUGH SPONSORSHIP OF THE EIGHT LOCAL FOOD PANTRIES AND SPONSORSHIP OF EVENTS AT THE COUNTY FAIR FOR THE GENERAL PUBLIC. A MEETING AND APPRECIATION EVENT OF THE COMPANY'S MEMBERSHIP WAS HELD FOR 200 ATTENDEES TO PROMOTE LOCAL AGRICULTURE PROGRAMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Coughenour Vice President | 2.5 | $0 | |
Derrick Black President | 2.5 | $0 | |
Darren Struthers Secretary | 2.5 | $0 | |
Michael Mcenany Voting Delegate | 2.5 | $0 | |
Martin Chitty Director | 1.5 | $0 | |
David Greiner Treasurer | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,485 |
| Total Program Service Revenue | $0 |
| Membership dues | $115,920 |
| Investment income | $46,695 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,490 |
| Total Revenue | $198,590 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $32,529 |
| Professional fees and other payments to independent contractors | $5,898 |
| Occupancy, rent, utilities, and maintenance | $24,532 |
| Printing, publications, postage, and shipping | $7,703 |
| Other expenses | $38,094 |
| Total expenses | $179,449 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $390,923 |
| Other assets | $0 |
| Total assets | $402,221 |
| Total liabilities | $2,561 |
| Net assets or fund balances | $399,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Farm Bureau Federation has recieved totaling $70,089.
| Awarding Organization | Amount |
|---|---|
Iowa Farm Bureau Federation West Des Moines, IA PURPOSE: COUNTY FARM BUREAU OPERATING GRANT | $70,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
German Farmers Mutual Assessment Insurance Assoc Of Hall County Inc Cairo, NE | $1,959,468 | $2,974,512 |
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Buffalo County Agricultural Association Kearney, NE | $14,912,793 | $2,842,209 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
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 |