Iowa Farm Bureau Federation
- Assets
- $1.2m
- Revenue
- $118.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Primghar, IA
- Founding
- 02/1945
- Data as of
- 12/2023
- EIN
- 42-0680729
Organization Overview
Iowa Farm Bureau Federation, operating under the name O'brien County Farm Bureau, is located in Primghar, 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. O'brien 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 12/2023, O'brien County Farm Bureau generated $118.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $90.0k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 5 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
2023
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 RELATIONS THE COMPANY SUPPORTS ITS COUNTY FAIR IN MANY WAYS. ONE OF THE MORE POPULAR EVENTS IS THE WATERMELON FEED HELD IN CONJUNCTION WITH THE COUNTY TALENT COMPETITION. THIS GIVES DIRECTORS THE ABILITY TO CONVERSE WITH THE PUBLIC ABOUT FB AND FARMER ACTIONS. WE HAVE A BOARD MEMBER THAT TAKES PHOTOS OF ALL 4H YOUTH THAT SHOW SOMETHING AT THE FAIR. THOSE PICTURES ARE DISPLAYED AT THE COMPANY BOOTH DURING THE FAIR. THE STUDENTS THEN RECEIVE THE PICTURES FOR THEIR 4H SCRAP BOOKS. THE COMPANY OPERATES A BOOTH AT THE FAIR TO EDUCATE MEMBERS AND THE PUBLIC ABOUT FB AND AGRICULTURE. THEY USE TRIVIA QUESTIONS TO TELL THE STORY OF AGRICULTURE. THE COMPANY SPONSORED A LIVE STREAM VIDEO OF THE COUNTY FAIR 4-H LIVESTOCK SHOWS AND OVER 1400 VIEWS WERE MADE ON THIS FEED. THIS IS A GREAT WAY TO SHOW CASE THE HARD WORK OF OUR COUNTY 4-HERS AND SHARE THE AGRICULTURE STORY. THE COMPANY MADE DONATIONS TO LOVE INC AND TO UPPER DES MOINES OPPORTUNITIES FOR THOSE STRUGGLING FINANCIALLY. THE COMPANY ALSO SPONSORED A FOOD DRIVE AT THANKSGIVING. POPCORN BAGS WERE PROVIDED AT LOCAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Appleton President | OfficerTrustee | 1 | $0 |
Chet Vander Velde Vice President | OfficerTrustee | 1 | $0 |
Jay Hofland Secretary | OfficerTrustee | 1 | $0 |
Brent Mcdowell Treasurer | OfficerTrustee | 1 | $0 |
Scott Osborn Voting Delegate | OfficerTrustee | 1 | $0 |
Tim Peelen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,100 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,398 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,498 |
| Total Program Service Revenue | $50,175 |
| Investment income | $52,165 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,368 |
| 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 | $118,824 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,500 |
| Grants and other assistance to domestic individuals. | $2,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,429 |
| Compensation of current officers, directors, key employees. | $540 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163 |
| Payroll taxes | $2,045 |
| Fees for services: Management | $1,115 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,541 |
| Office expenses | $7,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $78 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,706 |
| Interest | $0 |
| Payments to affiliates | $24,530 |
| Depreciation, depletion, and amortization | $6,585 |
| Insurance | $1,804 |
| All other expenses | $0 |
| Total functional expenses | $90,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,581 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,257 |
| 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 | $59,475 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $995,176 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,230,489 |
| Accounts payable and accrued expenses | $1,856 |
| 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 | $1,856 |
| Net assets without donor restrictions | $233,457 |
| 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 | $1,230,489 |