Practical Farmers Of Iowa
- Assets
- $3.6m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 28
- Location
- Ames, IA
- Founding
- 01/1987
- Data as of
- 09/2021
- EIN
- 42-1255174
Organization Overview
Practical Farmers Of Iowa is located in Ames, IA. The organization was established in 1987. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Practical Farmers Of Iowa employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Practical Farmers Of Iowa is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Practical Farmers Of Iowa generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $3.6m during the year ending 09/2021. While expenses have increased by 17.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING FARMS AND COMMUNITIES THROUGH FARMER-LED INVESTIGATION AND INFORMATION SHARING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRACTICAL FARMERS OF IOWA WORKS WITH 80 FARMERS TO CONDUCT OVER 100 ON-FARM RESEARCH AND DEMONSTRATION PROJECTS ON CONVENTIONAL AND ORGANIC ROW CROP OPERATIONS, HORTICULTURE FARMS, AND GRAZING SYSTEMS. THESE RESEARCH PROJECTS HELP FARMERS DIRECTLY ANSWER THE QUESTIONS THAT THEY HAVE ABOUT THEIR FARMS, AND THEY OFFER OPPORTUNITY TO LEARN FROM OTHER'S EXPERIENCES. PRACTICAL FARMERS OF IOWA ALSO HOSTS APPROXIMATELY 80 FIELD DAYS, WORKSHOPS, WEBINARS, AND OTHER OUTREACH EVENTS EVERY YEAR, WITH UPWARDS OF 4,000 PEOPLE ATTENDING THESE EVENTS. FOSTER FARMER TO FARMER NETWORKING AND INFORMATION BETWEEN OUR RESEARCH, EVENTS, AND OUTREACH, FARMERS IN IOWA AND ACROSS THE MIDWEST ARE MAKING CHANGES IN THEIR OPERATIONS TO INCREASE THEIR PROFITABILITY, EFFICIENCY, AND STEWARDSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sally Worley Executive Di | Officer | 40 | $103,616 |
Ann Franzenburg Vice Preside | OfficerTrustee | 2 | $0 |
Lisa Schulte Moore Left Sept 2021 Treasurer | OfficerTrustee | 2 | $0 |
Nathan Anderson Secretary | OfficerTrustee | 1 | $0 |
Wendy Johnson President | OfficerTrustee | 2 | $0 |
Mark Peterson Left Jan 2021 Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,690,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,079,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,769,651 |
| Total Program Service Revenue | $102,141 |
| Investment income | $10,280 |
| 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 | $2,892 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,884,964 |
| 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. | $122,225 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $197,498 |
| Payroll taxes | $101,929 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,124 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $55,158 |
| Advertising and promotion | $95,644 |
| Office expenses | $116,729 |
| Information technology | $5,332 |
| Royalties | $0 |
| Occupancy | $67,093 |
| Travel | $14,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,427 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,587 |
| Insurance | $16,388 |
| All other expenses | $308,826 |
| Total functional expenses | $3,639,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,946 |
| Savings and temporary cash investments | $996,971 |
| Pledges and grants receivable | $1,352,718 |
| Accounts receivable, net | $0 |
| 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 | $45,088 |
| Net Land, buildings, and equipment | $227,223 |
| Investments—publicly traded securities | $558,129 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $425,164 |
| Total assets | $3,629,239 |
| Accounts payable and accrued expenses | $255,985 |
| 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 | $255,985 |
| Net assets without donor restrictions | $1,651,615 |
| Net assets with donor restrictions | $1,721,639 |
| 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 | $3,629,239 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Practical Farmers Of Iowa has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Krumm Family Foundation Ames, IA PURPOSE: GENERAL SUPPORT | $300 |
Endowment Analysis
| Beg. Balance | $345,939 |
| Earnings | $81,228 |
| Admin Expense | $2,003 |
| Ending Balance | $425,164 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |