Fox Valley Cooperative Farm Management Association
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 16
- Location
- Appleton, WI
- Founding
- 07/1950
- Data as of
- 06/2022
- EIN
- 39-0985900
Organization Overview
Fox Valley Cooperative Farm Management Association is located in Appleton, WI. The organization was established in 1950. 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 06/2022, Fox Valley Cooperative Farm Management Association employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fox Valley Cooperative Farm Management Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Fox Valley Cooperative Farm Management Association generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. While expenses have increased by 5.2% 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
PREPARING FARM RECORDS AND TAX RETURNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARING FARM RECORDS AND TAX RETURNS FOR APPROXIMATELY 958 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Harer Manager | Trustee | 40 | $133,000 |
Philip Duwell President | Officer | $0 | |
Alen Oberstadt Secretary/tr | Officer | $0 | |
Marcia Pethke Vice Preside | Officer | $0 | |
Brian Horn Director | Trustee | $0 | |
Kenneth Fochs Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,351 |
| 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 | $166,351 |
| Total Program Service Revenue | $1,111,885 |
| Investment income | $18,693 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,296,929 |
| 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. | $1,900 |
| Compensation of current officers, directors, key employees. | $1,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $750,061 |
| Pension plan accruals and contributions | $72,427 |
| Other employee benefits | $126,516 |
| Payroll taxes | $56,280 |
| Fees for services: Management | $676 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,911 |
| Fees for services: Other | $0 |
| Advertising and promotion | $455 |
| Office expenses | $20,330 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,637 |
| Travel | $36,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,092 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,096 |
| Insurance | $6,490 |
| All other expenses | $2,520 |
| Total functional expenses | $1,164,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,312 |
| Savings and temporary cash investments | $835,701 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $390,380 |
| 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 | $4,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,517,902 |
| Accounts payable and accrued expenses | $36,534 |
| 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 | $36,534 |
| 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 | $1,481,368 |
| Total liabilities and net assets/fund balances | $1,517,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegan County Agricultural Society Allegan, MI | $6,554,669 | $2,889,339 |
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Shiawassee County Agricultural Society Fairgrounds Corunna, MI | $378,234 | $1,529,003 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Lapeer County Agricultural Society Imlay City, MI | $2,905,187 | $1,396,665 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |
Saginaw County Agricultural Society Chesaning, MI | $2,433,080 | $855,880 |
Northern Plains Potato Growers Association East Grand Forks, MN | $1,522,109 | $1,231,654 |