Kansas Farm Bureau Legal Foundation
- Assets
- $966.0k
- Revenue
- $146.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 01/2001
- Data as of
- 12/2021
- EIN
- 48-1243473
Organization Overview
Kansas Farm Bureau Legal Foundation is located in Manhattan, KS. The organization was established in 2001. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Farm Bureau Legal Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kansas Farm Bureau Legal Foundation generated $146.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $24.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PROVIDING SERVICES TO FARMERS/RANCHERS AND THEIR RURAL COMMUNITIES IN ORDER TO HELP KEEP THE AGRICULTURAL COMMUNITY VIABLE. THIS IS ACCOMPLISHED THROUGH EDUCATION, ADVOCACY AND PROTECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Felts President/director | OfficerTrustee | $0 | |
Jeff Grossenbacher Vice-Pres/director | OfficerTrustee | $0 | |
Terry Holdren Secretary | Officer | $0 | |
Wendee Grady Related Org Employee | Officer | 32 | $0 |
Carol Sherley-Days Treasurer | Officer | $0 | |
Glenn Brunkow Director | Trustee | $0 |
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 | $71,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,719 |
| Total Program Service Revenue | $0 |
| Investment income | $13,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,360 |
| Net Income from Fundraising Events | $12,547 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $146,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,358 |
| 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 | $5,902 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $675 |
| Office expenses | $2,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,669 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,813 |
| All other expenses | $0 |
| Total functional expenses | $24,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,408 |
| Savings and temporary cash investments | $37,706 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| 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 | $0 |
| Investments—publicly traded securities | $796,932 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $966,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $966,046 |
| Total liabilities and net assets/fund balances | $966,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kansas Farm Bureau Legal Foundation has recieved totaling $62,888.
| Awarding Organization | Amount |
|---|---|
Greater Manhattan Community Foundation Manhattan, KS PURPOSE: DOLLARS SUPPORT EDUCATION, RESEARCH AND ANALYSIS, AND TECHNICAL ASSISTANCE TO ENSURE THE WELL BEING OF PERSONS DIRECTLY ENGAGED IN AGRICULTURE OR RELATED ENTERPRISES | $62,865 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Endowment Analysis
| Beg. Balance | $33,182 |
| Earnings | $3,223 |
| Net Contributions | $2,650 |
| Grants | $108 |
| Ending Balance | $38,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Anheuser-Busch Foundation Clayton, MO | $1,201,059 | $8,412,886 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Robert M Beren Foundation Inc Wichita, KS | $0 | $13,792,730 |
Steward Family Foundation St Louis, MO | $23,736 | $8,567,873 |
Hermann Family Foundation St Louis, MO | $60,142,710 | $16,411,582 |
A W Baldwin Charitable Foundation Inc Leawood, KS | $13,708,852 | $4,775,692 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Ibew-124 Vacation And Holiday Trust Fund Kansas City, MO | $7,490,902 | $8,580,106 |
William T Kemper Foundation Commerce Bank Of Kansas City N A T Kansas City, MO | $279,723,609 | $35,092,303 |
Merlin Foundation Boulder, CO | $11,755,104 | $10,100,928 |
Henry A Davis Foundation Omaha, NE | $67,081,811 | $59,214,203 |