Randolph County Farm Bureau
- Assets
- $703.9k
- Revenue
- $367.7k
- Investments
- $913.0
- Employees
- 6
- Location
- Sparta, IL
- Founding
- 10/1925
- Data as of
- 09/2023
- EIN
- 37-0477550
Organization Overview
Randolph County Farm Bureau is located in Sparta, IL. The organization was established in 1925. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, Randolph County Farm Bureau employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph County 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 09/2023, Randolph County Farm Bureau generated $367.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $317.6k during the year ending 09/2023. While expenses have increased by 2.8% 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
PROMOTING AGRICULTURE WITH A UNIFIED VOICE THROUGH EDUCATION, INFORMATION AND LEGISLATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - INFORMING STUDENTS, TEACHERS AND THE PUBLIC WHERE THEIR
POLITICAL - INFORM NATIONAL, STATE AND LOCAL LEGISLATORS ABOUT
MEMBERSHIP - PROVIDE BENEFITS AND PROGRAMS FOR OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Liefer President | OfficerTrustee | 1 | $895 |
Timothy Harle VP | OfficerTrustee | 1 | $499 |
M Mcconachie Secretary | OfficerTrustee | 1 | $480 |
D Schoenbeck Treasurer | OfficerTrustee | 1 | $684 |
J Mccormick Director | Trustee | 1 | $585 |
Dean Campbell Director | Trustee | 1 | $466 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $55,022 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,310 |
| 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 | $72,332 |
| Total Program Service Revenue | $16,382 |
| Investment income | $37,179 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $55,613 |
| Net Rental Income | -$9,647 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,733 |
| 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. | $7,131 |
| Compensation of current officers, directors, key employees. | $7,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $108,298 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,221 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,218 |
| Advertising and promotion | $3,092 |
| Office expenses | $10,570 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,502 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,676 |
| Insurance | $6,165 |
| All other expenses | $0 |
| Total functional expenses | $317,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,520 |
| Savings and temporary cash investments | $108,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,859 |
| 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 | $7,384 |
| Net Land, buildings, and equipment | $209,494 |
| Investments—publicly traded securities | $265,954 |
| Investments—other securities | $913 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $703,880 |
| Accounts payable and accrued expenses | $24,703 |
| 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 | $24,703 |
| Net assets without donor restrictions | $679,177 |
| 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 | $703,880 |