Agribusiness Association Of Iowa
- Assets
- $984.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- Des Moines, IA
- Founding
- 01/1966
- Data as of
- 09/2023
- EIN
- 42-0894536
Organization Overview
Agribusiness Association Of Iowa is located in Des Moines, IA. The organization was established in 1966. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Agribusiness Association Of Iowa employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agribusiness Association Of Iowa is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Agribusiness Association Of Iowa generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 11.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE AGRIBUSINESS ASSOCIATION OF IOWA EXISTS TO ADVOCATE COMMUNICATE AND EDUCATE ON BEHALF OF A PROFESSIONAL AGRIBUSINESS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY AND EDUCATION FOR THE AGRIBUSINESS INDUSTRY BY PROVIDING MEMBERS WITH INFORMATION CONCERNING AGRICULTURAL BUSINESS ISSUES, NEWSLETTERS AND SEMINARS WITH AROUND 900 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Drury Past Chairman | Trustee | 5 | $0 |
Mark White Chair Elect | Trustee | 5 | $0 |
Jose Laracuente Foundation Rep | Trustee | 2 | $0 |
Tracy Gatham Director | Trustee | 2 | $0 |
Kent Bennis Director | Trustee | 2 | $0 |
Sam Cogdill Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $646,837 |
| Fundraising events | $65,598 |
| Related organizations | $0 |
| 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 | $712,435 |
| Total Program Service Revenue | $727,379 |
| Investment income | $6,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,452,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,919 |
| Compensation of current officers, directors, key employees. | $95,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $487,567 |
| Pension plan accruals and contributions | $29,603 |
| Other employee benefits | $83,228 |
| Payroll taxes | $50,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,872 |
| Fees for services: Accounting | $9,900 |
| Fees for services: Lobbying | $45,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,193 |
| Office expenses | $69,170 |
| Information technology | $750 |
| Royalties | $0 |
| Occupancy | $79,720 |
| Travel | $14,905 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,167 |
| Interest | $0 |
| Payments to affiliates | $40,783 |
| Depreciation, depletion, and amortization | $38,956 |
| Insurance | $15,475 |
| All other expenses | $7,202 |
| Total functional expenses | $1,452,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,538 |
| Savings and temporary cash investments | $266,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,899 |
| Prepaid expenses and deferred charges | $8,640 |
| Net Land, buildings, and equipment | $95,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $459,159 |
| Total assets | $984,241 |
| Accounts payable and accrued expenses | $70,864 |
| Grants payable | $0 |
| Deferred revenue | $5,200 |
| 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 | $76,064 |
| Net assets without donor restrictions | $908,177 |
| 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 | $984,241 |