Civic Intelligence

Will County Farm Bureau Foundation

990 • Fiscal year 2024 • EIN 36-3526687

Oct 01, 2023 to Sep 30, 2024 • Filed on Jan 13, 2025

100 Manhattan RdJoliet, IL 60433

(815) 727-4811

Siviq Scores

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

Liabilities / Assets

46th percentile

0.04x

Higher debt load relative to assets than 46% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.13x

Higher debt load relative to revenue than 58% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

91st percentile

55%

Faster asset growth than 91% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

656%

Faster revenue growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,219,577

Up $432,593 (+55%) from 2023

Net Assets

Up

$1,165,213

Up $427,590 (+58%) from 2023

Liabilities

Up

$54,364

Up $5,003 (+10%) from 2023

Revenue

Up

$428,617

Up $371,913 (+656%) from 2023

Expenses

Up

$106,088

Up $22,106 (+26%) from 2023

Net Income

Up

$322,529

Up $349,807 (+1282%) from 2023

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2014: $360,464Liabilities 2014: $35,366Net Assets 2014: $325,0982014Assets 2015: $355,929Liabilities 2015: $26,000Net Assets 2015: $329,9292015Assets 2016: $377,237Liabilities 2016: $41,464Net Assets 2016: $335,7732016Assets 2017: $369,334Liabilities 2017: $47,956Net Assets 2017: $321,3782017Assets 2018: $351,586Liabilities 2018: $47,479Net Assets 2018: $304,1072018Assets 2019: $337,034Liabilities 2019: $33,615Net Assets 2019: $303,4192019Assets 2020: $411,913Liabilities 2020: $32,400Net Assets 2020: $379,5132020Assets 2021: $504,147Liabilities 2021: $48,249Net Assets 2021: $455,8982021Assets 2022: $763,800Liabilities 2022: $48,896Net Assets 2022: $714,9042022Assets 2023: $786,984Liabilities 2023: $49,361Net Assets 2023: $737,6232023Assets 2024: $1,219,577Liabilities 2024: $54,364Net Assets 2024: $1,165,2132024Assets 2025: $1,270,761Liabilities 2025: $64,669Net Assets 2025: $1,206,0922025

Highlighted filing

2024

Assets$1,219,577
Liabilities$54,364
Net Assets$1,165,213

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $39,175Expenses 2014: $47,104Net Income 2014: -$7,9292014Revenue 2015: $57,807Expenses 2015: $52,976Net Income 2015: $4,8312015Revenue 2016: $59,524Expenses 2016: $53,680Net Income 2016: $5,8442016Revenue 2017: $53,385Expenses 2017: $67,780Net Income 2017: -$14,3952017Revenue 2018: $52,775Expenses 2018: $70,046Net Income 2018: -$17,2712018Revenue 2019: $70,175Expenses 2019: $70,863Net Income 2019: -$6882019Revenue 2020: $143,745Expenses 2020: $67,651Net Income 2020: $76,0942020Revenue 2021: $144,468Expenses 2021: $68,083Net Income 2021: $76,3852021Revenue 2022: $325,014Expenses 2022: $66,010Net Income 2022: $259,0042022Revenue 2023: $56,704Expenses 2023: $83,982Net Income 2023: -$27,2782023Revenue 2024: $428,617Expenses 2024: $106,088Net Income 2024: $322,5292024Revenue 2025: $94,527Expenses 2025: $143,866Net Income 2025: -$49,3392025

Highlighted filing

2024

Revenue$428,617
Expenses$106,088
Net Income$322,529
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$448,740
Mission and Program Overview

Mission

To benefit the educatinal experiences of our farm bureau members and their dependents and to carry out charitable scientific literary and educational work for our will county farm bureau membership.

The foundation's mission is to acquire and distribute resources to our membership families in the source of scholarship funds on an annual basis. The scholarships will be used to support or supplement the scholarship recipients' college education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$456,235$918,557▲ $462,322
Investments Other Securities$249,101$246,561▼ $2,540
Savings and Temporary Cash Investments$69,444$45,001▼ $24,443
Cash and Non-Interest-Bearing Accounts$12,154$9,458▼ $2,696
Accounts Receivable$50--
Total Assets$786,984$1,219,577▲ $432,593
Liabilities
Grants Payable$39,000$42,000▲ $3,000
Deferred Revenue$10,361$12,364▲ $2,003
Total Liabilities$49,361$54,364▲ $5,003
Net Assets / Fund Balance
Net Assets With Donor Restrictions$323,235$722,639▲ $399,404
Net Assets Without Donor Restrictions$414,388$442,574▲ $28,186
Total Net Assets Fund Balance$737,623$1,165,213▲ $427,590
Total Liabilities and Net Assets / Fund Balance$786,984$1,219,577▲ $432,593

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$26,762--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lyle TewesPresident
Kris MulderinkVice President
Henry MeaderDirector
Rita LuedtkeDirector
Deborah WernerSecretary
James RobbinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$403,298
Program Service Revenue
$0
Investment Income
$44,916
Other Revenue
$-19,597
All Other Contributions
$335,820
Change in Net Assets
$322,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$428,617
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$124,658
Total Revenue per Audited Statements
$553,275
Total Revenue per Form 990
$428,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$82,500
Other Expenses$23,588
Total Fundraising Expense$12,364
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$82,500--$82,500
Other Expenses--$12,364$12,364
Fees for Services Accounting-$6,037-$6,037
Office Expenses-$4,751-$4,751
Insurance-$436-$436
Total Functional Expenses$82,500$11,224$12,364$106,088

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$125,685
Expenses per Audited Statements$106,088
Total Expenses per Form 990$106,088
Expenses Not Reported on Form 990$19,597
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,597
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$31,961-$1,807-
Silent Auction$27,545---
Total Events$59,506-$19,597$-19,597
Political and Lobbying Activity
Political campaign activity
No
Lobbying 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
No
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
No
Other officer compensation reviewed
No
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 7A

Members have the authority to elect 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

Management provides and reviews the form 990 during a regular board meeting 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 C, 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
Will County Farm Bureau Foundation
EIN
36-3526687
Phone
8157274811
Address
100 MANHATTAN RD, JOLIET, IL 60433

Signing Officer

Name
Lyle Tewes
Title
President
Phone
8157274811
Signed
2025-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyle Tewes
Formed
1986
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
30

Preparer

Firm
Cliftonlarsonallen Llp
Address
301 SW ADAMS STREET SUITE 1000, PEORIA, IL 61602
Preparer
Andrew Smith CPA
Phone
3096714500
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expense 19,597.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expense 19,597.

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IRS990ScheduleD/OtherRevenueAmt019597
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0219799
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt126762
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LIFE INSURANCE POLICY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ANNUITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0124658
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0428617
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDRAISING EXPENSE 19,597.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSE 19,597.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt0246561
IRS990ScheduleD/TotalExpensesPerForm990Amt0106088
IRS990ScheduleD/TotalRevenuePerForm990Amt0428617
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0553275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0125685
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt059506
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt031961
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt027545
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt019597
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0SILENT AUCTION
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt011750
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt011750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031961
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt027545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt059506
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-19597
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0290
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0290
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01807
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01807
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05750
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05750
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt042000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt139000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt21500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0HIGH SCHOOL SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1COLLEGE SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2FUTURE AG TEACHER SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt028
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt126
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt21
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS HAVE THE AUTHORITY TO ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VARIOUS GOVERNING DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MANAGEMENT PROVIDES AND REVIEWS THE FORM 990 DURING A REGULAR BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION ANNUALLY REVIEWS THE POLICY AND IS REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0WILL COUNTY FARM BUREAU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WILL COUNTY FARM BUREAU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362192401
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(5)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0IMPROVE FARM FAMILY LIFE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0100 MANHATTAN ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JOLIET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060433
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt03978
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112364
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1DUE TO FARM BUREAU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0WILL COUNTY FARM BUREAU
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1WILL COUNTY FARM BUREAU
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0786984
IRS990/TotalAssetsEOYAmt01219577
IRS990/TotalAssetsGrp/BOYAmt0786984
IRS990/TotalAssetsGrp/EOYAmt01219577
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0403298
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012364
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt011224
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082500
IRS990/TotalFunctionalExpensesGrp/TotalAmt0106088
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt049361
IRS990/TotalLiabilitiesEOYAmt054364
IRS990/TotalLiabilitiesGrp/BOYAmt049361
IRS990/TotalLiabilitiesGrp/EOYAmt054364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0737623
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01165213
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt082500
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt025319
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0428617
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0786984
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01219577

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