Iowa Farm Bureau Federation
- Assets
- $397.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Garner, IA
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 42-0293100
Organization Overview
Iowa Farm Bureau Federation, operating under the name Hancock County Farm Bureau, is located in Garner, IA. The organization was established in 1945. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hancock 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 12/2021, Hancock County Farm Bureau generated $126.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $118.5k during the year ending 12/2021. While expenses have increased by 1.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3
AGRICULTURE IN THE CLASSROOM THE MAIN FOCUS OF HANCOCK COUNTY FARM BUREAU AND THE DIRECTION OF ITS BOARD OF DIRECTORS HAS BEEN THE SPREAD OF AGRICULTURE IN THE CLASSROOM. THIS HAPPENS IN MANY FORMS ONE IS THE DONATIONS TO THE COUNTYS FFA CLUBS. ANOTHER FORM IS THE COUNTYS SUPPORT OF NORTH CENTRAL IOWA AG IN THE CLASSROOM NCIAITC AND ITS MEMBERSHIP DUES. NCIAITC TEACHES TO EVERY ELEMENTARY STUDENT IN THE COUNTY ABOUT HOW AGRICULTURE AFFECTS THEIR LIVES. THE OTHER AVENUE THAT THE COUNTY FARM BUREAU USES IS ITS AG FAIR. THE AG FAIR IS FOR ALL 200 4TH GRADERS IN THE COUNTY.
AGRICULTURE IN THE CLASSROOM THE MAIN FOCUS OF HANCOCK COUNTY FARM BUREAU AND THE DIRECTION OF ITS BOARD OF DIRECTORS HAS BEEN THE SPREAD OF AGRICULTURE IN THE CLASSROOM. THIS HAPPENS IN MANY FORMS ONE IS THE DONATIONS TO THE COUNTYS FFA CLUBS. ANOTHER FORM IS THE COUNTYS SUPPORT OF NORTH CENTRAL IOWA AG IN THE CLASSROOM NCIAITC AND ITS MEMBERSHIP DUES. NCIAITC TEACHES TO EVERY ELEMENTARY STUDENT IN THE COUNTY ABOUT HOW AGRICULTURE AFFECTS THEIR LIVES. THE OTHER AVENUE THAT THE COUNTY FARM BUREAU USES IS ITS AG FAIR. THE AG FAIR IS FOR ALL 200 4TH GRADERS IN THE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Johnson President | 2.5 | $0 | |
Darrin Kruger Vice President | 2.5 | $0 | |
Rusty Olson Voting Delegate | 2.5 | $0 | |
Josh Crawford Treasurer | 2.5 | $0 | |
Jared Wellik Director | 1.5 | $0 | |
Mike Hejlik Director | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,600 |
| Investment income | $24,971 |
| Gain or Loss | $14,655 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $126,426 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $35,803 |
| Professional fees and other payments to independent contractors | $6,540 |
| Occupancy, rent, utilities, and maintenance | $19,340 |
| Printing, publications, postage, and shipping | $3,884 |
| Other expenses | $20,203 |
| Total expenses | $118,462 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $388,892 |
| Other assets | $0 |
| Total assets | $397,375 |
| Total liabilities | $2,752 |
| Net assets or fund balances | $394,623 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Farm Bureau Federation has recieved totaling $70,089.
| Awarding Organization | Amount |
|---|---|
Iowa Farm Bureau Federation West Des Moines, IA PURPOSE: COUNTY FARM BUREAU OPERATING GRANT, COUNTY SHARE GRANT | $70,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
German Farmers Mutual Assessment Insurance Assoc Of Hall County Inc Cairo, NE | $1,959,468 | $2,974,512 |
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Buffalo County Agricultural Association Kearney, NE | $14,912,793 | $2,842,209 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
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 |