Iowa Farm Bureau Federation
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Allison, IA
- Founding
- 02/1945
- Data as of
- 12/2022
- EIN
- 42-0681385
Organization Overview
Iowa Farm Bureau Federation, operating under the name Butler County Farm Bureau, is located in Allison, 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. Butler 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, Butler 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 71.7% each year . All expenses for the organization totaled $140.6k 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
PUBLIC POLICY THE BUTLER COUNTY FARM BUREAU WAS ACTIVE IN ACHIEVING THEIR GOALS OF INFLUENCING PUBLIC POLICY FOR THEIR MEMBERS IN THE COUNTY. LEGISLATORS SHANNON LATHAM AND ANNETTE SWEENEY MET WITH THE BUTLER COUNTY FARM BUREAU BOARD OF DIRECTORS PRIOR TO THE LEGISLATIVE SESSION TO DISCUSS FARM BUREAU POLICIES. TOPICS DISCUSSED WERE PIPELINE ISSUES, TAX CUTS, WATER QUALITY, HEALTH CARE, EDUCATION, PROPERTY TAXES, ETC. MEMBERS DEVELOPED THE OPINIONNAIRE TO DISTRIBUTE TO MEMBERS SEEKING THEIR OPINIONS ON ISSUES IMPORTANT TO MEMBERS IN THE COUNTY. THE OPINIONNAIRE RESULTS WERE TABULATED AND POLICY DEVELOPED BY MEMBERS AT THE ANNUAL MEETING. BUTLER COUNTY FARM BUREAU VICE PRESIDENT WENT TO THE CAPITOL ON MARCH 21, 2022 TO BE PART OF THE LEGISLATIVE DAY. BUTLER COUNTY FARM BUREAU CO-SPONSORED A LEGISLATIVE FORUM ON MARCH 11, 2022 WITH ANNETTE SWEENEY, AMANDA RAGAN, PAT GRASSLEY AND SHANNON LATHAM TO DISCUSS LEGISLATIVE ISSUES RELATIVE TO THEIR FARM BUREAU POLICIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Dale Boelman President | OfficerTrustee | 2 | $0 |
Kyle Mehmen Vice President | OfficerTrustee | 2 | $0 |
Prentice Karsjens Secretary | OfficerTrustee | 2 | $0 |
Dennis White Treasurer | OfficerTrustee | 2 | $0 |
Dave Bolin Voting Delegate | OfficerTrustee | 2 | $0 |
Dwight Folken Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,020,526 |
| 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 | $1,020,526 |
| Total Program Service Revenue | $80,820 |
| Investment income | $27,678 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $21,546 |
| Net Rental Income | -$1,005 |
| Net Gain/Loss on Asset Sales | $78 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,149,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,900 |
| Grants and other assistance to domestic individuals. | $4,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,425 |
| 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 | $35,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $157 |
| Payroll taxes | $3,069 |
| Fees for services: Management | $1,796 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,884 |
| Fees for services: Other | $0 |
| Advertising and promotion | $502 |
| Office expenses | $5,323 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,450 |
| Interest | $0 |
| Payments to affiliates | $39,512 |
| Depreciation, depletion, and amortization | $10,222 |
| Insurance | $2,391 |
| All other expenses | $0 |
| Total functional expenses | $140,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25 |
| Savings and temporary cash investments | $28,709 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,690 |
| 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 | $87,230 |
| Investments—publicly traded securities | $557,050 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $995,176 |
| Total assets | $1,672,880 |
| Accounts payable and accrued expenses | $1,399 |
| 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 | $1,399 |
| Net assets without donor restrictions | $676,305 |
| 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 | $1,672,880 |