Nebraska Farm Bureau Federation
- Assets
- $5.2m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Lincoln, NE
- Founding
- 08/1942
- Data as of
- 09/2022
- EIN
- 47-0249020
Organization Overview
Nebraska Farm Bureau Federation is located in Lincoln, NE. The organization was established in 1942. 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 09/2022, Nebraska Farm Bureau Federation employed 44 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Nebraska 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 09/2022, Nebraska Farm Bureau Federation generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.7m during the year ending 09/2022. While expenses have increased by 0.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FEDERATION EDUCATES AND SUPPORTS CURRENT AND FUTURE FARMERS AND RANCHERS IN NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FEDERATION PROMOTES THE ECONOMIC, EDUCATIONAL, AND SOCIAL WELFARE OF FARMERS AND RANCHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mchargue President | OfficerTrustee | 40 | $0 |
Sherry Vinton 1st Vice Pre | OfficerTrustee | 1 | $9,745 |
Katie Olson 2nd Vice Pre | OfficerTrustee | 1 | $2,706 |
Dennis Beethe Director | Trustee | 1 | $2,624 |
Martey Stewart Director | Trustee | 1 | $2,554 |
David Grimes Director | Trustee | 1 | $2,810 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $997 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $997 |
| Total Program Service Revenue | $2,088,559 |
| Investment income | $99,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,367,571 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $230,933 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,266,576 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Legal | $33,115 |
| Fees for services: Accounting | $9,795 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,506 |
| Fees for services: Other | $86,028 |
| Advertising and promotion | $169,843 |
| Office expenses | $246,499 |
| Information technology | $1,762 |
| Royalties | $0 |
| Occupancy | $1,680 |
| Travel | $104,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $388,398 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,824 |
| Insurance | $69,019 |
| All other expenses | $182,575 |
| Total functional expenses | $5,730,289 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,401 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $529,182 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $148,561 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,710 |
| Net Land, buildings, and equipment | $31,296 |
| Investments—publicly traded securities | $3,389,195 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,203 |
| Total assets | $5,231,548 |
| Accounts payable and accrued expenses | $801,150 |
| Grants payable | $0 |
| Deferred revenue | $513,618 |
| 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 | $1,314,768 |
| Net assets without donor restrictions | $3,916,780 |
| 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 | $5,231,548 |