Civic Intelligence

Farm Foundation

990 • Fiscal year 2023 • EIN 26-4499028

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 18, 2024

1301 W 22nd Street 906Oak Brook, IL 60523

(630) 571-9393

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.19x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

53rd percentile

0.20x

Higher debt load relative to revenue than 53% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

95th percentile

$496,871

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

83rd percentile

29%

Faster asset growth than 83% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,132,486

Up $1,150,536 (+29%) from 2022

Net Assets

Up

$4,169,662

Up $959,136 (+30%) from 2022

Liabilities

Up

$962,824

Up $191,400 (+25%) from 2022

Revenue

Up

$4,697,806

Up $748,847 (+19%) from 2022

Expenses

Up

$3,738,670

Up $390,608 (+12%) from 2022

Net Income

Up

$959,136

Up $358,239 (+60%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $296,603Liabilities 2011: $277,601Net Assets 2011: $19,0022011Assets 2012: $751,789Liabilities 2012: $723,618Net Assets 2012: $28,1712012Assets 2013: $634,879Liabilities 2013: $360,216Net Assets 2013: $274,6632013Assets 2014: $352,543Liabilities 2014: $393,816Net Assets 2014: -$41,2732014Assets 2015: $595,000Liabilities 2015: $353,008Net Assets 2015: $241,9922015Assets 2016: $251,062Liabilities 2016: $432,490Net Assets 2016: -$181,4282016Assets 2017: $668,408Liabilities 2017: $353,893Net Assets 2017: $314,5152017Assets 2019: $942,898Liabilities 2019: $364,759Net Assets 2019: $578,1392019Assets 2020: $985,759Liabilities 2020: $207,818Net Assets 2020: $777,9412020Assets 2021: $3,033,282Liabilities 2021: $423,653Net Assets 2021: $2,609,6292021Assets 2022: $3,981,950Liabilities 2022: $771,424Net Assets 2022: $3,210,5262022Assets 2023: $5,132,486Liabilities 2023: $962,824Net Assets 2023: $4,169,6622023Assets 2024: $6,803,094Liabilities 2024: $2,456,456Net Assets 2024: $4,346,6382024

Highlighted filing

2023

Assets$5,132,486
Liabilities$962,824
Net Assets$4,169,662

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,848,5742011Expenses 2012: $1,744,6712012Expenses 2013: $2,092,5872013Revenue 2014: $1,870,779Expenses 2014: $2,186,715Net Income 2014: -$315,9362014Revenue 2015: $2,607,285Expenses 2015: $2,324,020Net Income 2015: $283,2652015Revenue 2016: $2,304,969Expenses 2016: $2,728,389Net Income 2016: -$423,4202016Revenue 2017: $2,322,353Expenses 2017: $1,826,410Net Income 2017: $495,9432017Revenue 2019: $2,366,559Expenses 2019: $2,306,255Net Income 2019: $60,3042019Revenue 2020: $2,264,892Expenses 2020: $2,065,090Net Income 2020: $199,8022020Revenue 2021: $3,766,888Expenses 2021: $2,391,599Net Income 2021: $1,375,2892021Revenue 2022: $3,948,959Expenses 2022: $3,348,062Net Income 2022: $600,8972022Revenue 2023: $4,697,806Expenses 2023: $3,738,670Net Income 2023: $959,1362023Revenue 2024: $4,396,849Expenses 2024: $4,219,873Net Income 2024: $176,9762024

Highlighted filing

2023

Revenue$4,697,806
Expenses$3,738,670
Net Income$959,136
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 18, 2024
Return Version
2023v5.1
Gross Receipts
$4,697,806
Mission and Program Overview

Mission

To serve as a catalyst for sound public policy in agriculture, food systems, and rural communities by funding development, dissemination, and public presentation of public policy analysis, education materials and scientific research findings via committee meetings, forums, workshops, conferences, and symposia.

Build trust and understanding at the intersections of agriculture and society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,045,129$2,425,965▲ $380,836
Pledges and Grants Receivable$715,129$522,208▼ $192,921
Savings and Temporary Cash Investments$480,869$455,432▼ $25,437
Land, Buildings, and Equipment, Net$342,252$362,535▲ $20,283
Prepaid Expenses and Deferred Charges$100,503$216,077▲ $115,574
Accounts Receivable$67,863$137,745▲ $69,882
Total Assets$3,981,950$5,132,486▲ $1,150,536
Other Assets Total$230,205$1,012,524▲ $782,319
Liabilities
Accounts Payable and Accrued Expenses$330,879$626,934▲ $296,055
Other Liabilities$254,550$172,415▼ $82,135
Deferred Revenue$185,995$163,475▼ $22,520
Total Liabilities$771,424$962,824▲ $191,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,396,382$2,333,521▲ $937,139
Net Assets With Donor Restrictions$1,814,144$1,836,141▲ $21,997
Total Net Assets Fund Balance$3,210,526$4,169,662▲ $959,136
Total Liabilities and Net Assets / Fund Balance$3,981,950$5,132,486▲ $1,150,536

Asset Categories

AssetBook ValueDepreciationBasis
Land$338,830-$338,830
Equipment$23,705$35,916$59,621
Other Assets Org$848,123--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shari Rogge-fidlerPresidentFT$327,601$169,270$496,871
Tim BrennanVP of External RelationsFT$158,093$41,995$200,088
Amy KeaneVP of FinanceFT$157,571$33,164$190,735
Martha KingVP of Programs & ProjectsFT$147,518$28,787$176,305
Todd PriceVP of Iec/secretaryFT$133,900$38,272$172,172

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,275,055
Program Service Revenue
$408,715
Investment Income
$14,036
Other Revenue
$0
All Other Contributions
$1,174,239
Change in Net Assets
$959,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,901,455
Salaries, Compensation, and Employee Benefits$1,837,215
Total Fundraising Expense$304,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$410,809$377,898$147,368$936,075
Current Officers, Directors, Trustees, and Key Employees$160,933$365,831$45,424$572,188
Travel$480,056$425$18,087$498,568
Fees for Services Other$159,986$338,475-$498,461
Conferences and Meetings$410,300-$16,038$426,338
Other Employee Benefits$83,601$108,749$28,190$220,540
Payroll Taxes$41,096$53,458$13,858$108,412
Occupancy$35,491$46,167$11,968$93,626
Office Expenses$46,214$28,521$9,761$84,496
Information Technology$34,560$1,348-$35,908
All Other Expenses$5,016$10,079$10,997$26,092
Insurance-$20,773-$20,773
Advertising$4,074$15,611-$19,685
Fees for Services Accounting-$17,500-$17,500
Fees for Services Legal-$16,850-$16,850
Other Expenses$46,899$9,239$1,360$10,599
Depreciation Depletion-$4,218-$4,218
Total Functional Expenses$1,919,035$1,514,765$304,870$3,738,670
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$172,415
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Tax form 990 is distributed to board members for a review before submission to governmental agency.

Form 990, Part VI, Section B, Line 12C

Board members submit yearly declarations of potential conflicts of interest. The board takes appropriate action on these conflicts.

Form 990, Part VI, Section B, Line 15

The farm foundation's executive committee serves as the compensation committee. The committee's due diligence includes review of the benchmark compensation levels from private sector for profit and other charitable organization compiled data as well as senior management's assessment of accomplishments and goal attainment for the reporting period. The committee's direction on compensation was conveyed to and implemented by the president.

Form 990, Part VI, Section C, Line 19

Farm foundation makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Farm Foundation
EIN
26-4499028
Phone
6305719393
Address
1301 W 22ND STREET 906, OAK BROOK, IL 60523

Signing Officer

Name
Shari Rogge-fidler
Title
President
Phone
6305719393
Signed
2024-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shari Rogge-fidler
Formed
2009
Legal Domicile
Il
Voting Board Members
29
Independent Board Members
29
Employees
13
Volunteers
34

Preparer

Firm
Cliftonlarsonallen Llp
Address
2021 SPRING ROAD SUITE 200, OAK BROOK, IL 60523
Preparer
Melissa Struck
Phone
6305738600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 159,986. Management and general expenses 323,977. Fundraising expenses 0. Total expenses 483,963. Other professional services: program service expenses 0. Management and general expenses 14,498. Fundraising expenses 0. Total expenses 14,498.

Form 990, Part XII, Line 2C

There were no changes to the oversight of the financial statement audit or the selection process used to select an independent accountant during the year.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service (irs) has determined that the organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code (irc) and has been classified as an organization that is not a private foundation under section 509(a). Contributions to the organization qualify for the charitable contribution deduction under section 170(b)(1)(a). The organization determined that it was not required to record a liability for unrecognized tax benefits as of december 31, 2023 and 2022.

Raw XML AppendixShowing 400 of 833 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm27CHRISTINE HAMILTON
IRS990/Form990PartVIISectionAGrp/PersonNm28JEWEL BRONAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm29MICHAEL DOANE
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IRS990/Form990PartVIISectionAGrp/PersonNm37AMY KEANE
IRS990/Form990PartVIISectionAGrp/PersonNm38MARTHA KING
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt35VP OF IEC/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt36VP OF EXTERNAL RELATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt37VP OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt38VP OF PROGRAMS & PROJECTS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.80$2.46$4.35$4.40$4.22$0.18
2023Detailed filing. Detailed filing data is available for this year.$5.13$0.96$4.17$4.70$3.74$0.96
2022Detailed filing. Detailed filing data is available for this year.$3.98$0.77$3.21$3.95$3.35$0.60
2021Detailed filing. Detailed filing data is available for this year.$3.03$0.42$2.61$3.77$2.39$1.38
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.21$0.78$2.26$2.07$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.94$0.36$0.58$2.37$2.31$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.67$0.35$0.31$2.32$1.83$0.50
2016Detailed filing. Detailed filing data is available for this year.$0.25$0.43$0.18$2.30$2.73$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.60$0.35$0.24$2.61$2.32$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.39$0.04$1.87$2.19$0.32
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.36$0.27$2.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.72$0.03$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$0.28$0.02$1.85