Wabash County Farm Bureau
- Assets
- $429.0k
- Revenue
- $162.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Mount Carmel, IL
- Founding
- 07/1925
- Data as of
- 11/2023
- EIN
- 37-0567480
Organization Overview
Wabash County Farm Bureau is located in Mount Carmel, 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 11/2023, Wabash County Farm Bureau employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabash 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 11/2023, Wabash County Farm Bureau generated $162.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $149.2k during the year ending 11/2023. While expenses have increased by 0.6% 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
TO IMPROVE THE ECONOMIC WELL BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES ARE TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 1,700.
INFORMATION PUBLICATION - TO PROVIDE A MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 1,700. PLAT BOOK SALES - TO PROVIDE COUNTY PLAT BOOKS TO RESIDENTS OF THE COUNTY.
PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES - ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Winter Director | Trustee | 0.5 | $0 |
Bryce Pavia Director | Trustee | 0.5 | $0 |
Willis Kelsey Director | Trustee | 0.5 | $0 |
Lee Berberich Director | Trustee | 0.5 | $0 |
Zachary Weber Director | Trustee | 0.5 | $0 |
Tyler Seals Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $37,191 |
| Fundraising events | $0 |
| Related organizations | $49,529 |
| Government grants | $51,605 |
| 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 | $138,325 |
| Total Program Service Revenue | $8,224 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,372 |
| 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 | $577 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,141 |
| 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 | $66,513 |
| Pension plan accruals and contributions | $1,700 |
| Other employee benefits | $2,437 |
| Payroll taxes | $5,173 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,044 |
| Office expenses | $9,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,512 |
| Travel | $19,894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,782 |
| Insurance | $2,603 |
| All other expenses | $0 |
| Total functional expenses | $149,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,222 |
| Savings and temporary cash investments | $159,063 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,237 |
| 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 | $2,557 |
| Net Land, buildings, and equipment | $133,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $820 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $428,992 |
| Accounts payable and accrued expenses | $4,555 |
| 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 | $13,907 |
| Total liabilities | $18,462 |
| Net assets without donor restrictions | $410,530 |
| 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 | $428,992 |