Farmers Educational & Cooperative Union Of Nebraska
- Assets
- $901.0k
- Revenue
- $296.5k
- Investments
- $699.2k
- Employees
- 4
- Location
- Lincoln, NE
- Founding
- 02/1967
- Data as of
- 12/2023
- EIN
- 47-0156065
Organization Overview
Farmers Educational & Cooperative Union Of Nebraska is located in Lincoln, NE. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Farmers Educational & Cooperative Union Of Nebraska employed 4 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Farmers Educational & Cooperative Union Of Nebraska 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, Farmers Educational & Cooperative Union Of Nebraska generated $296.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $184.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 9 years. 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 SUPPORT MEMBERS IN FARMING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SOCIAL, EDUCATIONAL & OUTREACH SERVICES TO ITS 3000 FARM MEMBERS. IT SERVES FARMERS AND FARMING COMMUNITIES IN NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Davis Director | Trustee | 0 | $0 |
Lynn Belitz Director | Trustee | 0 | $0 |
Mary Alice Corman Director | Trustee | 0 | $0 |
Graham Christensen Secretary | OfficerTrustee | 0 | $0 |
Vern Jantzen Vice President | OfficerTrustee | 0 | $0 |
Art Tanderup Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,332 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,373 |
| Total Program Service Revenue | $71,822 |
| Investment income | $20,631 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,671 |
| Net Gain/Loss on Asset Sales | $422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $296,515 |
| 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. | $52,530 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,677 |
| Pension plan accruals and contributions | $212 |
| Other employee benefits | $3,852 |
| Payroll taxes | $6,450 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,480 |
| Fees for services: Lobbying | $500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $290 |
| Advertising and promotion | $0 |
| Office expenses | $16,099 |
| Information technology | $4,549 |
| Royalties | $0 |
| Occupancy | $8,589 |
| Travel | $7,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,499 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,221 |
| Insurance | $4,877 |
| All other expenses | $7,580 |
| Total functional expenses | $184,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $656 |
| Savings and temporary cash investments | $82,801 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,829 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,894 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $699,154 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $99,665 |
| Total assets | $900,999 |
| Accounts payable and accrued expenses | $6,866 |
| Grants payable | $0 |
| Deferred revenue | $4,170 |
| 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 | $16,236 |
| Total liabilities | $27,272 |
| Net assets without donor restrictions | $873,727 |
| 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 | $900,999 |