Civic Intelligence

Ogle County Farm Bureau

990 • Fiscal year 2024 • EIN 36-1575250

Aug 01, 2023 to Jul 31, 2024 • Filed on Dec 12, 2024

421 W Pines Road PO Box 195Oregon, IL 61061

(815) 732-2231

Siviq Scores

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

Liabilities / Assets

56th percentile

0.01x

Higher debt load relative to assets than 56% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.04x

Higher debt load relative to revenue than 61% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

55%

Higher net margin than 97% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$85,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2024

Asset Growth

92nd percentile

29%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

85%

Faster revenue growth than 97% of similar nonprofits.

2024 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,626,182

Up $596,458 (+29%) from 2023

Net Assets

Up

$2,589,209

Up $591,317 (+30%) from 2023

Liabilities

Up

$36,973

Up $5,141 (+16%) from 2023

Revenue

Up

$948,339

Up $436,870 (+85%) from 2023

Expenses

Up

$429,074

Up $13,849 (+3.3%) from 2023

Net Income

Up

$519,265

Up $423,021 (+440%) from 2023

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $1,368,116Liabilities 2014: $14,173Net Assets 2014: $1,353,9432014Assets 2015: $1,402,214Liabilities 2015: $15,457Net Assets 2015: $1,386,7572015Assets 2016: $1,431,991Liabilities 2016: $15,204Net Assets 2016: $1,416,7872016Assets 2017: $1,508,458Liabilities 2017: $30,958Net Assets 2017: $1,477,5002017Assets 2018: $1,559,592Liabilities 2018: $25,930Net Assets 2018: $1,533,6622018Assets 2019: $1,639,692Liabilities 2019: $24,087Net Assets 2019: $1,615,6052019Assets 2020: $1,731,327Liabilities 2020: $23,852Net Assets 2020: $1,707,4752020Assets 2021: $1,996,236Liabilities 2021: $24,413Net Assets 2021: $1,971,8232021Assets 2022: $1,920,461Liabilities 2022: $26,212Net Assets 2022: $1,894,2492022Assets 2023: $2,029,724Liabilities 2023: $31,832Net Assets 2023: $1,997,8922023Assets 2024: $2,626,182Liabilities 2024: $36,973Net Assets 2024: $2,589,2092024Assets 2025: $3,119,048Liabilities 2025: $15,910Net Assets 2025: $3,103,1382025

Highlighted filing

2024

Assets$2,626,182
Liabilities$36,973
Net Assets$2,589,209

Operations Trend

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

$1.0M$500K$0Revenue 2014: $383,887Expenses 2014: $370,415Net Income 2014: $13,4722014Revenue 2015: $395,731Expenses 2015: $363,977Net Income 2015: $31,7542015Revenue 2016: $400,923Expenses 2016: $372,009Net Income 2016: $28,9142016Revenue 2017: $397,857Expenses 2017: $376,275Net Income 2017: $21,5822017Revenue 2018: $447,316Expenses 2018: $372,425Net Income 2018: $74,8912018Revenue 2019: $441,275Expenses 2019: $371,143Net Income 2019: $70,1322019Revenue 2020: $438,814Expenses 2020: $358,927Net Income 2020: $79,8872020Revenue 2021: $491,741Expenses 2021: $352,930Net Income 2021: $138,8112021Revenue 2022: $491,167Expenses 2022: $379,590Net Income 2022: $111,5772022Revenue 2023: $511,469Expenses 2023: $415,225Net Income 2023: $96,2442023Revenue 2024: $948,339Expenses 2024: $429,074Net Income 2024: $519,2652024Revenue 2025: $886,715Expenses 2025: $380,698Net Income 2025: $506,0172025

Highlighted filing

2024

Revenue$948,339
Expenses$429,074
Net Income$519,265
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Dec 12, 2024
Return Version
2023v5.0
Gross Receipts
$989,565
Mission and Program Overview

Mission

We will lead our members in their pursuit of prosperity. We will actively advance programs and public policies that promote a vigorous agricultural economy in benefitting our members and their communities.

To advance agriculture and improve the profitability of our members and family farm life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,650,953$2,006,644▲ $355,691
Investments Other Securities$48,788$259,062▲ $210,274
Land, Buildings, and Equipment, Net$203,044$213,069▲ $10,025
Cash and Non-Interest-Bearing Accounts$85,049$104,765▲ $19,716
Accounts Receivable$32,396$30,874▼ $1,522
Savings and Temporary Cash Investments$7,903$7,454▼ $449
Prepaid Expenses and Deferred Charges$1,591$4,314▲ $2,723
Total Assets$2,029,724$2,626,182▲ $596,458
Liabilities
Accounts Payable and Accrued Expenses$31,832$36,973▲ $5,141
Total Liabilities$31,832$36,973▲ $5,141
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,997,892$2,589,209▲ $591,317
Total Net Assets Fund Balance$1,997,892$2,589,209▲ $591,317
Total Liabilities and Net Assets / Fund Balance$2,029,724$2,626,182▲ $596,458

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$116,628$356,670$473,298
Land$65,830-$65,830
Equipment$938$63,121$64,059
Leasehold Improvements$935$44,893$45,828
Other Land Buildings$28,738$3,884$32,622
Other Securities$259,062--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald KernManagerFT$85,000-$85,000
Dan HeadDirector--$450$450
Josh BolenDirector--$450$450
Malcolm MilliganDirector--$450$450
Deb OhlwineSecretary--$400$400
Eric SpeakesDirector--$400$400
Jamie HerrigDirector--$400$400
John DeuthDirector--$400$400
Michael KuhnTreasurer--$400$400
Randy BulthausDirector--$400$400
Ryan ReevertsDirector--$400$400
Daniel DeuthVice Preside--$350$350
Greg WhitmerDirector--$350$350
Keith PoolePresident--$350$350
Steve DietrichDirector--$350$350
Danielle HagemannDirector--$300$300
John HopkinsDirector--$300$300
Steve SpohnDirector--$300$300
Bill HorstDirector--$250$250
Bryan HayengaDirector--$250$250
Randy AndersonDirector--$250$250
Andrew FlotoDirector--$200$200
Brent MyersDirector--$200$200
Patrick HickeyDirector--$200$200
Richard DrendelDirector--$200$200
Russ HannaDirector--$200$200
James DetigFormer Direc--$50$50
Jamie AdamsDirector--$50$50
Jason PfeifferDirector--$50$50
Stan EdenFormer Direc--$50$50

Board Members and Trustees

NameTitle
Trevor AlcockDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$374,162
Program Service Revenue
$102,973
Investment Income
$114,735
Other Revenue
$356,469
All Other Contributions
$323,759
Change in Net Assets
$519,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$937,002
Revenue Not Reported on Financial Statements
$11,337
Revenue Not Reported on Form 990
$106,536
Total Revenue per Audited Statements
$1,043,538
Total Revenue per Form 990
$948,339
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$295,941
Salaries, Compensation, and Employee Benefits$127,133
Grants and Similar Amounts Paid$6,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$71,322$12,586-$83,908
All Other Expenses$18,889$18,107-$36,996
Other Expenses$37,119$31,470-$31,470
Other Employee Benefits$13,795$2,434-$16,229
Depreciation Depletion$5,781$6,837-$12,618
Conferences and Meetings$12,207$26-$12,233
Fees for Services Accounting-$11,854-$11,854
Pension Plan Contributions$9,862$1,740-$11,602
Fees for Service Investment Mgmnt Fees-$11,337-$11,337
Office Expenses$7,531$951-$8,482
Current Officers, Directors, Trustees, and Key Employees-$8,400-$8,400
Occupancy$3,672$3,673-$7,345
Payroll Taxes$5,945$1,049-$6,994
Information Technology$3,293$3,293-$6,586
Grants to Domestic Orgs$6,000--$6,000
Insurance$1,398$4,399-$5,797
Travel$1,953$217-$2,170
Advertising$254--$254
Total Functional Expenses$199,021$230,053$0$429,074

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$452,221
Total Expenses per Form 990$429,074
Expenses per Audited Statements$417,737
Expenses Not Reported on Form 990$34,484
Expenses Not Reported on Financial Statements$11,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Highland Community College FoundatiOregon, IL501c3Agriculture Depart$6,000
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 6

The organization has two classes of members, voting and non-voting with a total of approximately 4,400 members for the year ending july 31, 2024. Only voting members can hold office.

Form 990, Page 6, Part VI, Line 7A

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

Form 990, Page 6, Part VI, Line 7B

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

Form 990, Page 6, Part VI, Line 11B

Executive committee reviews then presents to the board for review & approval.

Form 990, Page 6, Part VI, Line 12C

Each officer and director is required to disclose to the bureau's board of directors any conflicts of interest of which they are aware, including conflicts involving other officers and directors subject to this policy before the board discusses the issue, matter of transaction. Upon such disclosure, the board may take further action it deems appropriate or as required by law. Such action should include requiring the director or trustee to recuse himself of herself from deliberations, voting, decision- making or other participation with respect to the matter. The policy explains that conflicts of interest exist when an officer or director has a direct or indirect business, professional or personal interest that might influence, or be perceived to influence, the judgment or actions of that director or officer when serving the organization. Conflicts of interest may arise under numerous conditions, including, but not limited to, the following: 1. Serving as an officer or director of another organization with interests that conflict with the interests of the organization. 2. Engaging in outside activities which, either directly or indirectly, may adversely affect the interests or reputation of the organization. 3. Any officer or director, or close relative of either, supplying the organization with goods, property or services or maintaining a relationship with any entity supplying or wishing to supply goods, property or services to the organization in exchange for compensation. 4. Any officer or director or close relative of either acting as an agent, representative or spokesperson for any business, group or entity seeking to influence the organization on any issue, matter or transaction. 5. Accepting items of value from organization contacts, where the benefit is of a nature that might affect, or be perceived to affect, the officer's or director's independent judgment. Officers and directors are required to acknowledge receipt and understanding of this policy and their obligation to report any actual or potential conflict of interest to the board in a timely matter. The board monitors compliance by requiring each officer and director to sign a copy of the policy and acting as necessary when conflicts of interest are brought to its attention.

Form 990, Page 6, Part VI, Line 15A

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.

Form 990, Page 6, Part VI, Line 15B

Board members are compensated via per diem and mileage agreement. Mileage is paid at the standard irs rate.

Form 990, Page 6, Part VI, Line 19

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

Filing and Contact Details

Filer

Filer Name
Ogle County Farm Bureau
EIN
36-1575250
Phone
8157322231
Address
421 W PINES ROAD PO BOX 195, OREGON, IL 61061

Signing Officer

Name
Keith Poole
Title
President
Phone
8157322231
Signed
2024-12-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Poole
Formed
1917
Legal Domicile
Il
Voting Board Members
28
Independent Board Members
28
Employees
2

Preparer

Firm
Lucas Group Cpas Advisors LLC
Address
1753 S WEST AVE, FREEPORT, IL 61032-6709
Preparer
Aspen Tipp
Phone
8152359610
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Ag education - we provide financial support to over 15 4-h clubs in ogle country serving youngsters from the ages of 7-18. This support also includes activities related to our annual ogle country 4-h fair through sponsorships. We also provide financial support to 6 ffa chapters in each of our county high schools. This support also includes sponsoring these young people ages 13-18 to attend various educational conferences and events. We partner with our county extension service, another county farm bureau and other county agricultural organizations to coordinate an agricultural education initiative in area schools called ag-in-the- classroom. This partnership involves funding provided by our, and other organizations and agribusinesses, to hire an agriculture education coordinator, provide supplies and materials and pay expenses associated with conducting agriculture education activities in schools and communities in a two county area.

Form 990, Page 2, Part III, Line 4B

Member services & information activities - we provide a monthly publication for our voting members to keep them informed on organization activities and programs, public policy issues affecting their farm operations and initiatives undertaken by the organization in representing their interests. We provide a quarterly publication to our associate members keeping them informed on membership benefits and services available and promoting programs and activities of the organization. We coordinate various newsletters, member information and education, programs and service activities with affiliate entities and other agricultural and community organizations to provide programming of our members. Various times in the year we provide travel opportunities for members, participate in community events, sponsor community activities and provide scholarships for young people to pursue educational opportunities in agriculture.

Form 990, Page 2, Part III, Line 4C

Public policy - we annually coordinate public policy activities in ogle coutny encompassing issues on a national, state and local level. Locally we host various member programs to gather their imput on various issues and examine organizational policy as it relates to those issues; we also survey a portion of our members randomly to gauge their opinions on current issues affecting ogle county, our organization and agriculture. We are involved in local policy issues by coordinating educational programs for public officals, participating in public policy discussions by invitation of public bodies and gathering member imput on policy positions. On a national and state level we coordinate elected official contacts through our membership to engage them in the public policy arena and educate them on legislation and legislative initiatives that will affect their businesses, communities and lives. We also host public officals programs to discuss legislative initiatives with our organization leadership and members.

Form 990, Part XI, Line 9

Rent expense netted 34,484 rent expense netted -34,484

Form 990, Page 12, Part XII, Line 2C

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

Financial Statement Notes

Schedule D, Page 3, Part X

Fin 48 footnote - fasb asc 740, income taxes, requires entities to analyze the likelihood of disallowance of tax positions taken in retunrs 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 with 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 july 31, 2021, 2022, 2023 and 2024. Returns are generally subject to examination for three years after they have been filed.

Schedule D, Page 4, Part XI, Line 2D

Rent expense netted 34,484

Schedule D, Page 4, Part XII, Line 2D

Rent expense netted 34,484

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IRS990/Desc0AG EDUCATION - WE PROVIDE FINANCIAL SUPPORT TO OVER 15 4-H CLUBS IN OGLE COUNTRY SERVING YOUNGSTERS FROM THE AGES OF 7-18. THIS SUPPORT ALSO INCLUDES ACTIVITIES RELATED TO OUR ANNUAL OGLE COUNTRY 4-H FAIR THROUGH SPONSORSHIPS. WE ALSO PROVIDE FINANCIAL SUPPORT TO 6 FFA CHAPTERS IN EACH OF OUR COUNTY HIGH SCHOOLS. THIS SUPPORT ALSO INCLUDES SPONSORING THESE YOUNG PEOPLE AGES 13-18 TO ATTEND VARIOUS EDUCATIONAL CONFERENCES AND EVENTS. WE PARTNER WITH OUR COUNTY EXTENSION SERVICE, ANOTHER COUNTY FARM BUREAU AND OTHER COUNTY AGRICULTURAL ORGANIZATIONS TO COORDINATE AN AGRICULTURAL EDUCATION INITIATIVE IN AREA SCHOOLS CALLED AG-IN-THE- CLASSROOM. THIS PARTNERSHIP INVOLVES FUNDING PROVIDED BY OUR, AND OTHER ORGANIZATIONS AND AGRIBUSINESSES, TO HIRE AN AGRICULTURE EDUCATION COORDINATOR, PROVIDE SUPPLIES AND MATERIALS AND PAY EXPENSES ASSOCIATED WITH CONDUCTING AGRICULTURE EDUCATION ACTIVITIES IN SCHOOLS AND COMMUNITIES IN A TWO COUNTY AREA.
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