Civic Intelligence

Lee County Farm Bureau

990 • Fiscal year 2021 • EIN 36-1374085

Sep 01, 2020 to Aug 31, 2021 • Filed on Dec 01, 2021

Organization ProfileWWW.LEECFB.ORG
37 South East Avenue PO Box 198Amboy, IL 61310

(815) 857-3531

Siviq Scores

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

Liabilities / Assets

76th percentile

0.04x

Higher debt load relative to assets than 76% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Net Margin

53rd percentile

12%

Higher net margin than 53% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

35th percentile

$250

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

9.8%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$692,684

Up $64,632 (+10%) from 2020

Net Assets

Up

$662,975

Up $63,374 (+11%) from 2020

Liabilities

Up

$29,709

Up $1,258 (+4.4%) from 2020

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin53rd percentile

Revenue

Up

$270,148

Up $24,108 (+9.8%) from 2020

Expenses

Up

$237,176

Up $16,396 (+7.4%) from 2020

Net Income

Up

$32,972

Up $7,712 (+31%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$800K$600K$400K$200K$0Assets 2014: $609,259Liabilities 2014: $22,154Net Assets 2014: $587,1052014Assets 2015: $591,369Liabilities 2015: $16,268Net Assets 2015: $575,1012015Assets 2016: $591,130Liabilities 2016: $17,899Net Assets 2016: $573,2312016Assets 2017: $604,605Liabilities 2017: $16,524Net Assets 2017: $588,0812017Assets 2019: $609,011Liabilities 2019: $36,587Net Assets 2019: $572,4242019Assets 2020: $628,052Liabilities 2020: $28,451Net Assets 2020: $599,6012020Assets 2021: $692,684Liabilities 2021: $29,709Net Assets 2021: $662,9752021Assets 2022: $634,637Liabilities 2022: $38,849Net Assets 2022: $595,7882022Assets 2023: $693,776Liabilities 2023: $38,990Net Assets 2023: $654,7862023Assets 2024: $774,187Liabilities 2024: $21,577Net Assets 2024: $752,6102024

Highlighted filing

2021

Assets$692,684
Liabilities$29,709
Net Assets$662,975
Open 2021 Filing

Operations Trend

Revenue Growth71st percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $228,213Expenses 2014: $209,740Net Income 2014: $18,4732014Revenue 2015: $245,623Expenses 2015: $241,128Net Income 2015: $4,4952015Revenue 2016: $219,614Expenses 2016: $230,107Net Income 2016: -$10,4932016Revenue 2017: $228,791Expenses 2017: $219,448Net Income 2017: $9,3432017Revenue 2019: $230,125Expenses 2019: $235,768Net Income 2019: -$5,6432019Revenue 2020: $246,040Expenses 2020: $220,780Net Income 2020: $25,2602020Revenue 2021: $270,148Expenses 2021: $237,176Net Income 2021: $32,9722021Revenue 2022: $323,019Expenses 2022: $274,790Net Income 2022: $48,2292022Revenue 2023: $289,187Expenses 2023: $242,266Net Income 2023: $46,9212023Revenue 2024: $297,366Expenses 2024: $236,516Net Income 2024: $60,8502024

Highlighted filing

2021

Revenue$270,148
Expenses$237,176
Net Income$32,972
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Dec 1, 2021
Return Version
2020v4.1
Gross Receipts
$339,889
Mission and Program Overview

Mission

To be a positive voice for agriculture through leadership and education to improve the quality of life and economic well-being of our members and community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$372,983$419,692▲ $46,709
Investments Other Securities$101,978$104,201▲ $2,223
Land, Buildings, and Equipment, Net$24,890$95,876▲ $70,986
Cash and Non-Interest-Bearing Accounts$97,344$39,433▼ $57,911
Accounts Receivable$14,604$17,246▲ $2,642
Prepaid Expenses and Deferred Charges$7,621$8,034▲ $413
Savings and Temporary Cash Investments$7,295$6,821▼ $474
Inventories for Sale or Use$621$1,381▲ $760
Total Assets$628,052$692,684▲ $64,632
Other Assets Total$716$0▼ $716
Liabilities
Accounts Payable and Accrued Expenses$28,118$29,376▲ $1,258
Deferred Revenue$333$333→ $0
Total Liabilities$28,451$29,709▲ $1,258
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$599,601$662,975▲ $63,374
Total Net Assets Fund Balance$599,601$662,975▲ $63,374
Total Liabilities and Net Assets / Fund Balance$628,052$692,684▲ $64,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$79,547$62,014$141,561
Equipment$4,670$14,337$19,007
Land$9,484-$9,484
Other Land Buildings$2,175-$2,175
Other Securities$290--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleOtherTotal
Adam HenkelPresident$250$250
Don MeyerDirector$250$250
Leonard SheafferDirector$250$250
David GormanVice-president$225$225
Kyle SheafferDirector$225$225
Mike MeuselDirector$225$225
Allyn BuhrowTreasurer$200$200
Emily PrattDirector$200$200
Mike MeadSecretary$200$200
Shane HusseyDirector$100$100
Jeff PfeifferDirector$75$75
Ryan AppelquistDirector$50$50
Revenue and Support

Revenue Composition

Contributions and Grants
$59,799
Program Service Revenue
$29,667
Investment Income
$18,115
Other Revenue
$162,567
All Other Contributions
$14,496
Change in Net Assets
$32,972

Audited Revenue Reconciliation

Revenue per Audited Statements
$270,148
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$54,805
Total Revenue per Audited Statements
$324,953
Total Revenue per Form 990
$270,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$132,463
Other Expenses$104,713
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$101,197
Pension Plan Contributions---$18,830
All Other Expenses---$13,238
Office Expenses---$8,435
Fees for Services Accounting---$8,415
Payroll Taxes---$7,585
Other Expenses---$5,660
Occupancy---$5,249
Information Technology---$4,295
Depreciation Depletion---$3,437
Insurance---$3,335
Other Employee Benefits---$2,601
Current Officers, Directors, Trustees, and Key Employees---$2,250
Travel---$465
Conferences and Meetings---$66
Total Functional Expenses$0$0$0$237,176

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$261,579
Expenses per Audited Statements$237,176
Total Expenses per Form 990$237,176
Expenses Not Reported on Form 990$24,403
Expenses Not Reported on Financial Statements$0
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
Subject to proxy tax
No
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization has two classes of members, voting and non-voting with a total of 2,059 members for the year ending august 31, 2021. Only voting members can hold office.”

Form 990, Part VI, Section A, Line 7A

“Members have the authority to elect or appoint members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“Various governing decisions of the organization are subject to approval by the members.”

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

“Return will be reviewed by the board prior to filing.”

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

“The organization annually reviews the policy and is required to annually disclose interests that could give rise to conflicts.”

Form 990, Part VI, Section B, Line 15

“Manager's contract and compensation are reviewed annually by the officers of the board, using comparability data. A recommendation is made and voted on by the entire board. Board members are compensated via a per diem and mileage agreement. Mileage is paid at the standard irs rate.”

Form 990, Part VI, Section C, Line 19

“Governing documents, the conflict of interest policy, and financial statements are on file at the office and available upon request.”

FORM 990, PART VI, LINE 2C:

“The process for overseeing the audit and selecting an independent auditor has not changed from the prior year.”

Filing and Contact Details

Filer

Filer Name
Lee County Farm Bureau
EIN
36-1374085
Phone
8158573531
Address
37 SOUTH EAST AVENUE PO BOX 198, AMBOY, IL 61310

Signing Officer

Name
Don Meyer
Title
President
Phone
8158573531
Signed
2021-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Henkel
Formed
1921
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
3
Volunteers
45

Preparer

Firm
Cliftonlarsonallen Llp
Address
404 NORTH HERSHEY RD SUITE A, BLOOMINGTON, IL 61704
Preparer
Christopher J Buettner
Phone
3096624356
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Part x- 48 footnote fasb asc 740, income taxes, requires entities to analyze the likelihood of disallowance of tax positions taken in returns already filed or to be filed in case of examination by taxing authorities. This evaluation of tax positions may result in the recognition of additional tax liabilities or derecognition of certain tax assets. In consultation wiht the farm bureau's tax advisors, management has concluded that the cumulative effect, if any, of past and current tax positions taken by the farm bureau are immaterial to the financial statements as of the date of this report. Therefore, no liability has been recorded. The farm bureau's income tax returns are open to examination by taxing authorities for the years ended august 2018, 2019, 2020, and 2021. Returns are generally subject to examination for three years after they have been filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 24,403.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 24,403.”

Raw XML AppendixShowing 400 of 489 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/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0716
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02601
IRS990/OtherExpensesGrp/Desc0FEDERAL INCOME TAX
IRS990/OtherExpensesGrp/Desc1ALLOCATED MANAGEMENT SE
IRS990/OtherExpensesGrp/Desc2AG RELATED ACTIVITIES
IRS990/OtherExpensesGrp/Desc3REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/TotalAmt010784
IRS990/OtherExpensesGrp/TotalAmt133817
IRS990/OtherExpensesGrp/TotalAmt27517
IRS990/OtherExpensesGrp/TotalAmt35660
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1COMMISSIONS
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0128716
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1213
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0128716
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1213
IRS990/OtherRevenueTotalAmt0128929
IRS990/OtherSalariesAndWagesGrp/TotalAmt0101197
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt07585
IRS990/PensionPlanContributionsGrp/TotalAmt018830
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07621
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08034
IRS990/PrincipalOfficerNm0ADAM HENKEL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt029667
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt029667
IRS990/ProgSrvcAccomActy2Grp/Desc0INFORMATION PUBLICATION- TO PROVIDE EDUCATIONAL INFORMATION TO BOTH THE MEMBERSHIP AND NON-FARM PUBLIC BY DISSEMINATING INFORMATION THROUGH THE CFB QUARTERLY PUBLICATION, CFB WEBSITE, E-NEWSLETTERS, SOCIAL MEDIA, AND THROUGH LOCAL MEDIA OUTLETS. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 2,059. PLAT BOOK SALES- TO PROVIDE COUNTY PLAT BOOKS TO RESIDENTS OF THE COUNTY.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES- ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt068342
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024303
IRS990/PYOtherExpensesAmt095745
IRS990/PYOtherRevenueAmt0153090
IRS990/PYProgramServiceRevenueAmt0305
IRS990/PYRevenuesLessExpensesAmt025260
IRS990/PYSalariesCompEmpBnftPaidAmt0125035
IRS990/PYTotalExpensesAmt0220780
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0246040
IRS990/ReconcilationRevenueExpnssAmt032972
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-19405
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt051778
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt051778
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07295
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06821
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt079547
IRS990ScheduleD/BuildingsGrp/DepreciationAmt062014
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0141561
IRS990ScheduleD/EquipmentGrp/BookValueAmt04670
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014337
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt019007
IRS990ScheduleD/ExpensesNotReportedAmt024403
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0237176
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt09484
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09484
IRS990ScheduleD/NetUnrealizedGainsInvstAmt030402
IRS990ScheduleD/OtherExpensesIncludedAmt024403
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02175
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02175
IRS990ScheduleD/OtherRevenueAmt024403
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0103861
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt150
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2290
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATES OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1COPPERATIVE STOCK
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PARTNERSHIP INTEREST
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt054805
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0270148
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART X- 48 FOOTNOTE FASB ASC 740, INCOME TAXES, REQUIRES ENTITIES TO ANALYZE THE LIKELIHOOD OF DISALLOWANCE OF TAX POSITIONS TAKEN IN RETURNS ALREADY FILED OR TO BE FILED IN CASE OF EXAMINATION BY TAXING AUTHORITIES. THIS EVALUATION OF TAX POSITIONS MAY RESULT IN THE RECOGNITION OF ADDITIONAL TAX LIABILITIES OR DERECOGNITION OF CERTAIN TAX ASSETS. IN CONSULTATION WIHT THE FARM BUREAU'S TAX ADVISORS, MANAGEMENT HAS CONCLUDED THAT THE CUMULATIVE EFFECT, IF ANY, OF PAST AND CURRENT TAX POSITIONS TAKEN BY THE FARM BUREAU ARE IMMATERIAL TO THE FINANCIAL STATEMENTS AS OF THE DATE OF THIS REPORT. THEREFORE, NO LIABILITY HAS BEEN RECORDED. THE FARM BUREAU'S INCOME TAX RETURNS ARE OPEN TO EXAMINATION BY TAXING AUTHORITIES FOR THE YEARS ENDED AUGUST 2018, 2019, 2020, AND 2021. RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY HAVE BEEN FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE 24,403.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSE 24,403.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt095876
IRS990ScheduleD/TotalBookValueSecuritiesAmt0104201
IRS990ScheduleD/TotalExpensesPerForm990Amt0237176
IRS990ScheduleD/TotalRevenuePerForm990Amt0270148
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0324953
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0261579
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING WITH A TOTAL OF 2,059 MEMBERS FOR THE YEAR ENDING AUGUST 31, 2021. ONLY VOTING MEMBERS CAN HOLD OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS HAVE THE AUTHORITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VARIOUS GOVERNING DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RETURN WILL BE REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION ANNUALLY REVIEWS THE POLICY AND IS REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGER'S CONTRACT AND COMPENSATION ARE REVIEWED ANNUALLY BY THE OFFICERS OF THE BOARD, USING COMPARABILITY DATA. A RECOMMENDATION IS MADE AND VOTED ON BY THE ENTIRE BOARD. BOARD MEMBERS ARE COMPENSATED VIA A PER DIEM AND MILEAGE AGREEMENT. MILEAGE IS PAID AT THE STANDARD IRS RATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LEE COUNTY FARM BUREAU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LEE COUNTY FARM BUREAU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363885319
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(3)(C)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AGRICULTURAL RELATED EDUCATION AND SCHOLARSHIPS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt037 SOUTH EAST AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AMBOY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd061310
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0SOLICITATION NOTICE ADDED TO DUES
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FREE USE OF FACILITIES AND EQUIP
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2NO CHARGE FOR USE OF EMPLOYEES
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LEE COUNTY FARM BUREAU FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1LEE COUNTY FARM BUREAU FOUNDATION

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$692,684
Liabilities
$29,709
Net assets
$662,975
Revenue
$270,148
Expenses
$237,176
Net income
$32,972
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.74$0.22$7.53$2.97$2.37$0.61
2023Detailed filing. Detailed filing data is available for this year.$6.94$0.39$6.55$2.89$2.42$0.47
2022Detailed filing. Detailed filing data is available for this year.$6.35$0.39$5.96$3.23$2.75$0.48
2021Detailed filing. Detailed filing data is available for this year.$6.93$0.30$6.63$2.70$2.37$0.33
2020Detailed filing. Detailed filing data is available for this year.$6.28$0.28$6.00$2.46$2.21$0.25
2019Detailed filing. Detailed filing data is available for this year.$6.09$0.37$5.72$2.30$2.36$0.06
2017Detailed filing. Detailed filing data is available for this year.$6.05$0.17$5.88$2.29$2.19$0.09
2016Detailed filing. Detailed filing data is available for this year.$5.91$0.18$5.73$2.20$2.30$0.10
2015Detailed filing. Detailed filing data is available for this year.$5.91$0.16$5.75$2.46$2.41$0.04
2014Detailed filing. Detailed filing data is available for this year.$6.09$0.22$5.87$2.28$2.10$0.18