Indiana Farm Bureau
- Assets
- $22.7m
- Revenue
- $11.1m
- Investments
- $2.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 10/1946
- Data as of
- 12/2020
- EIN
- 35-0409100
Organization Overview
Indiana Farm Bureau is located in Indianapolis, IN. The organization was established in 1946. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Indiana 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 12/2020, Indiana Farm Bureau generated $11.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $9.9m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Indiana Farm Bureau has awarded 26 individual grants totaling $491,122. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO BETTER THE CONDITIONS, IMPROVE THE PRODUCTS AND ENHANCE THE OCCUPATIONAL EFFICIENCY OF THOSE ENGAGED IN AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Sigler Secretary / Treasurer | Officer | 40 | $233,084 |
Megan Ritter Executive Director Of Admi | 40 | $173,021 | |
Katrina Hall Director, Public Policy | 40 | $144,913 | |
Randall Kron President | OfficerTrustee | 40 | $143,113 |
Debra Decourcy Chief Marketing Director | 40 | $139,542 | |
Mark Thornburg Director, Legal Affairs | 40 | $137,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,858,655 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $367,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,226,355 |
| Total Program Service Revenue | $513,478 |
| Investment income | $1,495,125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,058,749 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $323,062 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,074,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $134,055 |
| 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. | $872,442 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,504,506 |
| Pension plan accruals and contributions | $477,926 |
| Other employee benefits | $480,462 |
| Payroll taxes | $304,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $174,254 |
| Fees for services: Accounting | $24,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,913 |
| Fees for services: Other | $174,399 |
| Advertising and promotion | $189,377 |
| Office expenses | $142,707 |
| Information technology | $194,190 |
| Royalties | $0 |
| Occupancy | $324,925 |
| Travel | $350,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $253,933 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,247 |
| Insurance | $17,198 |
| All other expenses | $729,743 |
| Total functional expenses | $9,930,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $10,805,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,000 |
| Inventories for sale or use | $9,853 |
| Prepaid expenses and deferred charges | $119,124 |
| Net Land, buildings, and equipment | $578,327 |
| Investments—publicly traded securities | $8,394,069 |
| Investments—other securities | $2,504,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,360 |
| Total assets | $22,690,251 |
| Accounts payable and accrued expenses | $1,959,746 |
| 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 | $2,802,500 |
| Total liabilities | $4,762,246 |
| Net assets without donor restrictions | $17,901,933 |
| Net assets with donor restrictions | $26,072 |
| 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 | $22,690,251 |
Grants Awarded
Over the last fiscal year, Indiana Farm Bureau has awarded $80,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: DONATION | $50,000 |
West Lafayette, IN PURPOSE: DONATION | $12,000 |
Indianapolis, IN PURPOSE: DONATION | $8,700 |
Normal, IL PURPOSE: DONATION | $5,000 |
Indianapolis, IN PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indiana Farm Bureau has recieved totaling $13,139.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $13,139 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |