Iowa Farm Bureau Federation
- Assets
- $72.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sibley, IA
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 42-0680731
Organization Overview
Iowa Farm Bureau Federation is located in Sibley, IA. The organization was established in 1957. 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. 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 12/2021, Iowa Farm Bureau Federation generated $57.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $60.7k during the year ending 12/2021. While expenses have increased by 1.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Hibma President | 2.5 | $0 | |
Kevin Schmidt Vice President | 2.5 | $0 | |
Chris Wynia Secretary | 2.5 | $0 | |
Taylor Hibbing Director | 1.5 | $0 | |
Russel Glade Director | 1.5 | $0 | |
Nick Hibma Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,600 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,160 |
| Investment income | $6,995 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,755 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,118 |
| Professional fees and other payments to independent contractors | $805 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $407 |
| Other expenses | $28,516 |
| Total expenses | $60,746 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,277 |
| Other assets | $0 |
| Total assets | $72,345 |
| Total liabilities | $753 |
| Net assets or fund balances | $71,592 |
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 |