Iowa Farm Bureau Federation
- Assets
- $219.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Webster City, IA
- Founding
- 02/1945
- Data as of
- 12/2021
- EIN
- 42-0685014
Organization Overview
Iowa Farm Bureau Federation, operating under the name Hamilton County Farm Bureau, is located in Webster City, 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. As of 12/2021, Hamilton County Farm Bureau employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hamilton 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, Hamilton County Farm Bureau generated $159.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $124.5k during the year ending 12/2021. 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 AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Garnett Treasurer | 2.5 | $0 | |
Nick Larson Director | 1.5 | $0 | |
Brian Young Director | 1.5 | $0 | |
Andy Burton Director | 1.5 | $0 | |
Randy Greufe President | 2.5 | $0 | |
Mark Tapper Vice President | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,350 |
| Total Program Service Revenue | $0 |
| Membership dues | $42,600 |
| Investment income | $12,352 |
| Gain or Loss | $15,392 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $66,187 |
| Total Revenue | $159,881 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $59,389 |
| Professional fees and other payments to independent contractors | $2,824 |
| Occupancy, rent, utilities, and maintenance | $10,440 |
| Printing, publications, postage, and shipping | $3,223 |
| Other expenses | $22,670 |
| Total expenses | $124,475 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $210,702 |
| Other assets | $0 |
| Total assets | $219,479 |
| Total liabilities | $2,478 |
| Net assets or fund balances | $217,001 |
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 | $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 |