Civic Intelligence

Edgar County Farm Bureau

990 • Fiscal year 2017 • EIN 37-0258300

Dec 01, 2016 to Nov 30, 2017 • Filed on Apr 23, 2018

210 W Washington StreetParis, IL 61944-1723

(217) 465-8511

Siviq Scores

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

Liabilities / Assets

67th percentile

0.03x

Higher debt load relative to assets than 67% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

83rd percentile

0.14x

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

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Net Margin

56th percentile

6.8%

Higher net margin than 56% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

31st percentile

$600

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2017

Asset Growth

36th percentile

1.0%

Faster asset growth than 36% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Revenue Growth

36th percentile

-1.2%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2015 to 2017

Assets

Up

$701,965

Up $14,216 (+2.1%) from 2015

Net Assets

Up

$679,418

Up $20,966 (+3.2%) from 2015

Liabilities

Down

$22,547

Down $6,750 (-23%) from 2015

Revenue

Down

$164,077

Down $3,857 (-2.3%) from 2015

Expenses

Down

$153,001

Down $41,648 (-21%) from 2015

Net Income

Up

$11,076

Up $37,791 (+141%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2010: $753,872Liabilities 2010: $40,991Net Assets 2010: $712,8812010Assets 2011: $744,814Liabilities 2011: $19,890Net Assets 2011: $724,9242011Assets 2012: $733,197Liabilities 2012: $24,677Net Assets 2012: $708,5202012Assets 2013: $713,086Liabilities 2013: $22,894Net Assets 2013: $690,1922013Assets 2014: $724,373Liabilities 2014: $39,206Net Assets 2014: $685,1672014Assets 2015: $687,749Liabilities 2015: $29,297Net Assets 2015: $658,4522015Assets 2017: $701,965Liabilities 2017: $22,547Net Assets 2017: $679,4182017Assets 2018: $708,821Liabilities 2018: $16,173Net Assets 2018: $692,6482018Assets 2019: $729,506Liabilities 2019: $13,514Net Assets 2019: $715,9922019Assets 2020: $779,218Liabilities 2020: $11,507Net Assets 2020: $767,7112020Assets 2021: $836,986Liabilities 2021: $16,652Net Assets 2021: $820,3342021Assets 2022: $803,747Liabilities 2022: $12,798Net Assets 2022: $790,9492022Assets 2023: $820,655Liabilities 2023: $15,950Net Assets 2023: $804,7052023Assets 2024: $860,571Liabilities 2024: $26,376Net Assets 2024: $834,1952024

Highlighted filing

2017

Assets$701,965
Liabilities$22,547
Net Assets$679,418

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $175,199Expenses 2010: $197,049Net Income 2010: -$21,8502010Expenses 2011: $172,4882011Expenses 2012: $188,2422012Expenses 2013: $194,3212013Revenue 2014: $165,772Expenses 2014: $171,012Net Income 2014: -$5,2402014Revenue 2015: $167,934Expenses 2015: $194,649Net Income 2015: -$26,7152015Revenue 2017: $164,077Expenses 2017: $153,001Net Income 2017: $11,0762017Revenue 2018: $173,036Expenses 2018: $159,806Net Income 2018: $13,2302018Revenue 2019: $171,038Expenses 2019: $155,600Net Income 2019: $15,4382019Revenue 2020: $175,605Expenses 2020: $147,337Net Income 2020: $28,2682020Revenue 2021: $176,740Expenses 2021: $147,165Net Income 2021: $29,5752021Revenue 2022: $188,970Expenses 2022: $163,976Net Income 2022: $24,9942022Revenue 2023: $196,914Expenses 2023: $187,178Net Income 2023: $9,7362023Revenue 2024: $201,424Expenses 2024: $209,552Net Income 2024: -$8,1282024

Highlighted filing

2017

Revenue$164,077
Expenses$153,001
Net Income$11,076
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Apr 23, 2018
Return Version
2016v3.0
Gross Receipts
$181,457
Mission and Program Overview

Mission

The Farm Bureau is organized to promote marketing of agricultural products and to provide educational and social activities for its members in Edgar County, Illinois. The organization is supported primarily through membership dues, franchise revenues and grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$406,332$407,040▲ $708
Land, Buildings, and Equipment, Net$206,920$198,324▼ $8,596
Cash and Non-Interest-Bearing Accounts$66,210$76,575▲ $10,365
Prepaid Expenses and Deferred Charges$89$11,369▲ $11,280
Accounts Receivable$6,890$6,243▼ $647
Inventories for Sale or Use$688$2,127▲ $1,439
Investments Other Securities$337$287▼ $50
Total Assets$687,466$701,965▲ $14,499
Liabilities
Accounts Payable and Accrued Expenses$20,403$18,907▼ $1,496
Deferred Revenue$6,396$3,640▼ $2,756
Total Liabilities$26,799$22,547▼ $4,252
Net Assets / Fund Balance
Unrestricted Net Assets$660,667$679,418▲ $18,751
Total Net Assets Fund Balance$660,667$679,418▲ $18,751
Total Liabilities and Net Assets / Fund Balance$687,466$701,965▲ $14,499

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$185,416$201,390$386,806
Equipment$2,657$29,963$31,520
Land$10,251-$10,251
Compensation and Service Providers

Employees

NameTitleBaseTotal
Steve WebbPresident$600$600
Dale CashTreasurer$180$180

Board Members and Trustees

NameTitle
Aaron PhippsVice President
Amanda TateDirector
Bill HigginbothamDirector
Brad LuthDirector
Brian LauDirector
Chad EllisDirector
Ed HessDirector
Eric TateDirector
Gene BarkleyDirector
Jacob BarrettDirector
Larry LuthDirector
Phil FoxDirector
Phil WrightDirector
Ray YoungDirector
Tom ElsberryDirector
Matt EhlersSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$105,041
Program Service Revenue
$0
Investment Income
$3,893
Other Revenue
$55,143
All Other Contributions
$2,944
Change in Net Assets
$11,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$164,077
Revenue Not Reported on Form 990
$10,897
Total Revenue per Audited Statements
$174,974
Total Revenue per Form 990
$164,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,566
Salaries, Compensation, and Employee Benefits$76,010
Grants and Similar Amounts Paid$425
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$64,831
Occupancy---$13,265
Office Expenses---$11,540
Advertising---$10,920
Depreciation Depletion---$9,696
Other Expenses---$9,485
Travel---$8,678
Conferences and Meetings---$7,489
Payroll Taxes---$5,244
Fees for Services Accounting---$4,800
Pension Plan Contributions---$4,778
Current Officers, Directors, Trustees, and Key Employees---$680
Other Employee Benefits---$477
Grants to Domestic Orgs---$425
Total Functional Expenses$0$0$0$153,001

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$163,898
Expenses per Audited Statements$153,001
Total Expenses per Form 990$153,001
Expenses Not Reported on Form 990$10,897
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Due to Foundation-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Management duties delegated
No

Governance Explanations

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

The Form 990 is made available to the board of directors at its regular meeting following the forms completion. Upon approval of the board, the e-file authorization form is signed and returned to the preparer for e-filing.

Form 990, Part VI, Section C, Line 19

All governing documents, policies and financial statements are made available to the public upon request at the main office of the Edgar County Farm Bureau.

Filing and Contact Details

Filer

Filer Name
Edgar County Farm Bureau
EIN
37-0258300
Phone
2174658511
Address
210 W Washington Street, Paris, IL 61944-1723

Signing Officer

Name
Steve Webb
Title
President
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Webb
Formed
1918
Legal Domicile
Il
Voting Board Members
19
Independent Board Members
19
Employees
7

Preparer

Firm
Sam Phillips CPA
Address
413 N Broadway Ave, Salem, IL 62881
Preparer
Sam Phillips
Phone
6185489033
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 0, Revenue 0 Farm products promotion to bring business to area farmers.

Financial Statement Notes

XI 2D

Allocated Rental expense is reported on Form 990, page 9, Part VIII, line 6b, with Gross Rent income, while they are listed as an expense in the audited financial statements.

XII 2D

Allocated Rent expense is reported on Form 990, page 9, Part VIII, line 6b, with Gross Rent income, rather than being reported on page 10 with expense, as they are reported in the audited financial statements.

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IRS990/LandBldgEquipCostOrOtherBssAmt0428577
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt050
IRS990/LessRentalExpensesGrp/RealAmt010897
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt044911
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Farm Bureau is organized to promote marketing of agricultural products and to provide educational and social activities for its members in Edgar County, Illinois. The organization is supported primarily through membership dues, franchise revenues and grants.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0660667
IRS990/NetAssetsOrFundBalancesEOYAmt0679418
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-50
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-50
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt01636
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01636
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt04150
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt04150
IRS990/NetUnrelatedBusTxblIncmAmt0-360
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt013265
IRS990/OfficeExpensesGrp/TotalAmt011540
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0477
IRS990/OtherExpensesGrp/Desc0Credit card fees
IRS990/OtherExpensesGrp/Desc1Activity Program expenses
IRS990/OtherExpensesGrp/TotalAmt0693
IRS990/OtherExpensesGrp/TotalAmt19485
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Services to insurance companies
IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013736
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1790
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt013736
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1790
IRS990/OtherRevenueTotalAmt014526
IRS990/OtherSalariesAndWagesGrp/TotalAmt064831
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt05244
IRS990/PensionPlanContributionsGrp/TotalAmt04778
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt089
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011369
IRS990/PrincipalOfficerNm0Steve Webb
IRS990/PriorPeriodAdjustmentsAmt07675
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0105031
IRS990/PYGrantsAndSimilarPaidAmt02042
IRS990/PYInvestmentIncomeAmt03405
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt084369
IRS990/PYOtherRevenueAmt055251
IRS990/PYRevenuesLessExpensesAmt03121
IRS990/PYSalariesCompEmpBnftPaidAmt074155
IRS990/PYTotalExpensesAmt0160566
IRS990/PYTotalRevenueAmt0163687
IRS990/ReconcilationRevenueExpnssAmt011076
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt057186
IRS990/RentalIncomeOrLossGrp/RealAmt04150
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt034831
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt034831
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0406332
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0407040
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0185416
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0201390
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0386806
IRS990ScheduleD/EquipmentGrp/BookValueAmt02657
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029963
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031520
IRS990ScheduleD/ExpensesNotReportedAmt010897
IRS990ScheduleD/ExpensesSubtotalAmt0153001
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt010251
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010251
IRS990ScheduleD/OtherExpensesIncludedAmt010897
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Foundation
IRS990ScheduleD/OtherRevenueAmt010897
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt010897
IRS990ScheduleD/RevenueSubtotalAmt0164077
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Allocated Rental expense is reported on Form 990, page 9, Part VIII, line 6b, with Gross Rent income, while they are listed as an expense in the audited financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Allocated Rent expense is reported on Form 990, page 9, Part VIII, line 6b, with Gross Rent income, rather than being reported on page 10 with expense, as they are reported in the audited financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XII 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0198324
IRS990ScheduleD/TotalExpensesPerForm990Amt0153001
IRS990ScheduleD/TotalRevenuePerForm990Amt0164077
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0174974
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0163898
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Program Service Expenses 0, Grants and allocations 0, Revenue 0 Farm products promotion to bring business to area farmers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is made available to the board of directors at its regular meeting following the forms completion. Upon approval of the board, the e-file authorization form is signed and returned to the preparer for e-filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All governing documents, policies and financial statements are made available to the public upon request at the main office of the Edgar County Farm Bureau.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0687466
IRS990/TotalAssetsEOYAmt0701965
IRS990/TotalAssetsGrp/BOYAmt0687466
IRS990/TotalAssetsGrp/EOYAmt0701965
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0105041
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/TotalAmt0153001
IRS990/TotalGrossUBIAmt016162
IRS990/TotalLiabilitiesBOYAmt026799
IRS990/TotalLiabilitiesEOYAmt022547
IRS990/TotalLiabilitiesGrp/BOYAmt026799
IRS990/TotalLiabilitiesGrp/EOYAmt022547
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0660667
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0679418

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.61$0.26$8.34$2.01$2.10$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.21$0.16$8.05$1.97$1.87$0.10
2022Detailed filing. Detailed filing data is available for this year.$8.04$0.13$7.91$1.89$1.64$0.25
2021Detailed filing. Detailed filing data is available for this year.$8.37$0.17$8.20$1.77$1.47$0.30
2020Detailed filing. Detailed filing data is available for this year.$7.79$0.12$7.68$1.76$1.47$0.28
2019Detailed filing. Detailed filing data is available for this year.$7.30$0.14$7.16$1.71$1.56$0.15
2018Detailed filing. Detailed filing data is available for this year.$7.09$0.16$6.93$1.73$1.60$0.13
2017Detailed filing. Detailed filing data is available for this year.$7.02$0.23$6.79$1.64$1.53$0.11
2015Detailed filing. Detailed filing data is available for this year.$6.88$0.29$6.58$1.68$1.95$0.27
2014Detailed filing. Detailed filing data is available for this year.$7.24$0.39$6.85$1.66$1.71$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$0.23$6.90$1.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.33$0.25$7.09$1.88
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.45$0.20$7.25$1.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.54$0.41$7.13$1.75$1.97$0.22