Iowa Farm Bureau Federation
- Assets
- $517.1k
- Revenue
- $87.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rockwell City, IA
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 42-0681041
Organization Overview
Iowa Farm Bureau Federation, operating under the name Calhoun County Farm Bureau, is located in Rockwell 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. Calhoun 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, Calhoun County Farm Bureau generated $87.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $62.6k during the year ending 12/2021. While expenses have increased by 2.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 CALHOUN COUNTY FARM BUREAU BOARD OF DIRECTORS MET WITH THE COUNTY SUPERVISORS, COUNTY ENGINEER AND AUDITOR TO REVIEW THE PROPOSED 2021-2022 BUDGET AND TO LOBBY FOR ADDITIONAL FUNDING FOR COUNTY RURAL ROADS/BRIDGES. THE COUNTY BOARD OF DIRECTORS ALSO LOBBIED OUR STATE LEGISLATORS SEVERAL TIMES THROUGHOUT THE YEAR VIA TELECONFERENCE AND AT A TOWN HALL LEGISLATIVE FORUM ON SUCH ISSUES AS ALLOWING STUDENTS AT AGE 14.5 WITH DRIVERS PERMITS TO DRIVE A PASSENGER VEHICLE FOR FARM WORK, THAT MENTAL HEALTH SERVICES SHOULD BE ENTIRELY FUNDED BY THE STATE OF IOWA AND TO ESTABLISH A E10 ETHANOL STANDARD IN THE STATE OF IOWA WITH UNIFORM DISPENSING PUMPS WITH COLORS/LABELS TO INCREASE THE SALE OF ETHANOL. THE CALHOUN COUNTY FARM BUREAU ALSO INVITED 819 MEMBERS TO ATTEND THE CALHOUN COUNTY ANNUAL MEETING IN AUGUST WITH A MEAL SERVED AT THE ROCKWELL CITY COMMUNITY CENTER. THE MEMBERS WERE THEN GIVEN THE OPPORTUNITY TO ELECT THE BOARD OF DIRECTORS AND REVIEW THE 2020 AUDITED FINANCIAL REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hepp President | OfficerTrustee | 2.5 | $0 |
Nick Burley Treasurer | OfficerTrustee | 2.5 | $0 |
Kevin Poen Vice President | OfficerTrustee | 2.5 | $0 |
Brenan Green Secretary | OfficerTrustee | 2.5 | $0 |
Brad Black Voting Delegate | OfficerTrustee | 2.5 | $0 |
Ben Albright Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $23,350 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,350 |
| Total Program Service Revenue | $35,190 |
| Investment income | $17,428 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,479 |
| Net Rental Income | $0 |
| 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 | $87,447 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,850 |
| Grants and other assistance to domestic individuals. | $1,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,428 |
| Compensation of current officers, directors, key employees. | $985 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $782 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,037 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,131 |
| Office expenses | $1,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,875 |
| Interest | $0 |
| Payments to affiliates | $17,204 |
| Depreciation, depletion, and amortization | $167 |
| Insurance | $664 |
| All other expenses | $0 |
| Total functional expenses | $62,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20 |
| Savings and temporary cash investments | $19,331 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,115 |
| 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 | $781 |
| Investments—publicly traded securities | $149,389 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $346,442 |
| Total assets | $517,078 |
| Accounts payable and accrued expenses | $411 |
| 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 | $411 |
| Net assets without donor restrictions | $516,667 |
| Net assets with donor restrictions | $0 |
| 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 | $517,078 |
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 |