Civic Intelligence

Wabash County Farm Bureau

990 • Fiscal year 2017 • EIN 37-0567480

Dec 01, 2016 to Nov 30, 2017 • Filed on Feb 13, 2018

1128 Oak StreetMount Carmel, IL 62863

(618) 262-5865

Siviq Scores

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

Liabilities / Assets

79th percentile

0.04x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.10x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Net Margin

23rd percentile

-5.5%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-8.8%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

41st percentile

-1.0%

Faster revenue growth than 41% of similar nonprofits.

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

Assets

Down

$341,819

Down $69,105 (-17%) from 2015

Net Assets

Down

$328,777

Down $75,629 (-19%) from 2015

Liabilities

Up

$13,042

Up $6,524 (+100%) from 2015

Revenue

Down

$135,303

Down $2,767 (-2.0%) from 2015

Expenses

Down

$142,691

Down $259 (-0.2%) from 2015

Net Income

Down

-$7,388

Down $2,508 (-51%) from 2015

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2015: $410,924Liabilities 2015: $6,518Net Assets 2015: $404,4062015Assets 2017: $341,819Liabilities 2017: $13,042Net Assets 2017: $328,7772017Assets 2018: $321,862Liabilities 2018: $9,164Net Assets 2018: $312,6982018Assets 2019: $349,411Liabilities 2019: $8,513Net Assets 2019: $340,8982019Assets 2020: $375,236Liabilities 2020: $11,866Net Assets 2020: $363,3702020Assets 2021: $413,553Liabilities 2021: $15,558Net Assets 2021: $397,9952021Assets 2022: $401,807Liabilities 2022: $14,920Net Assets 2022: $386,8872022Assets 2023: $428,992Liabilities 2023: $18,462Net Assets 2023: $410,5302023Assets 2024: $465,227Liabilities 2024: $20,042Net Assets 2024: $445,1852024

Highlighted filing

2017

Assets$341,819
Liabilities$13,042
Net Assets$328,777

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2015: $138,070Expenses 2015: $142,950Net Income 2015: -$4,8802015Revenue 2017: $135,303Expenses 2017: $142,691Net Income 2017: -$7,3882017Revenue 2018: $128,668Expenses 2018: $144,747Net Income 2018: -$16,0792018Revenue 2019: $164,466Expenses 2019: $136,266Net Income 2019: $28,2002019Revenue 2020: $154,648Expenses 2020: $132,176Net Income 2020: $22,4722020Revenue 2021: $158,287Expenses 2021: $139,939Net Income 2021: $18,3482021Revenue 2022: $155,113Expenses 2022: $149,036Net Income 2022: $6,0772022Revenue 2023: $162,141Expenses 2023: $149,178Net Income 2023: $12,9632023Revenue 2024: $164,523Expenses 2024: $160,729Net Income 2024: $3,7942024

Highlighted filing

2017

Revenue$135,303
Expenses$142,691
Net Income-$7,388
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$163,139
Mission and Program Overview

Mission

To improve the economic well being of agriculture and enrich the quality of farm family life

To improve the economic well being of agriculture and enrich the quality of farm family life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$182,102$176,975▼ $5,127
Savings and Temporary Cash Investments$98,137$110,497▲ $12,360
Cash and Non-Interest-Bearing Accounts$28,278$40,900▲ $12,622
Accounts Receivable$52,860$9,785▼ $43,075
Prepaid Expenses and Deferred Charges$2,557$2,557→ $0
Investments Program Related$1,104$1,104→ $0
Total Assets$365,038$341,819▼ $23,219
Liabilities
Other Liabilities$40,008$12,004▼ $28,004
Accounts Payable and Accrued Expenses-$1,038-
Total Liabilities$40,008$13,042▼ $26,966
Net Assets / Fund Balance
Unrestricted Net Assets$325,030$328,777▲ $3,747
Total Net Assets Fund Balance$325,030$328,777▲ $3,747
Total Liabilities and Net Assets / Fund Balance$365,038$341,819▼ $23,219

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$153,975$118,069$272,044
Other Land Buildings$0$26,010$26,010
Land$23,000-$23,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Brent FordPresident
Brent StrineVice President
Brad WinterDirector
Connie HockingDirector
David BlytheDirector
John HaaseDirector
Kent BrosterDirector
Philip HockingDirector
Jason TennisSecretary
Tyler SealsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$85,744
Program Service Revenue
$22,183
Investment Income
$21
Other Revenue
$27,355
All Other Contributions
$18,200
Change in Net Assets
$-7,388

Audited Revenue Reconciliation

Revenue per Audited Statements
$135,303
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,104
Total Revenue per Audited Statements
$147,407
Total Revenue per Form 990
$135,303
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$71,513
Salaries, Compensation, and Employee Benefits$71,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,525--$61,525
Conferences and Meetings$11,708--$11,708
Advertising$8,220--$8,220
Office Expenses$5,711--$5,711
Occupancy$4,995--$4,995
Payroll Taxes$4,986--$4,986
Depreciation Depletion$4,938--$4,938
Fees for Services Accounting$4,691--$4,691
Travel$4,296--$4,296
Other Expenses$4,253--$4,253
Pension Plan Contributions$3,836--$3,836
Insurance$2,308--$2,308
Other Employee Benefits$831--$831
Total Functional Expenses$142,691$0$0$142,691

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$160,601
Expenses per Audited Statements$142,691
Total Expenses per Form 990$142,691
Expenses Not Reported on Form 990$17,910
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$12,004
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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 classes of members with a total of approximately 1700 members for the year ending november 30, 2017.

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

Form 990 will be reviewed by the executive committee prior to submission.

Form 990, Part VI, Section C, Line 18

Form 990 available upon request

Form 990, Part VI, Section C, Line 19

Governing documents disclosure, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Wabash County Farm Bureau
EIN
37-0567480
Phone
6182625865
Address
1128 OAK STREET, MOUNT CARMEL, IL 62863

Signing Officer

Name
Carol Jo Beadles
Title
Manager
Phone
6182625865
Signed
2018-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Jo Beadles
Formed
1989
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
0

Preparer

Firm
BOTSCH AND ASSOCIATES CPA'S LLC
Address
113 E MAIN ST, CARMI, IL 62821
Preparer
H Keith Botsch CPA
Phone
6183824151
Supplemental Narrative

Additional Explanations

FORM 990, 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

PART X, LINE 2:

Fasb asc 740 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 derecoginition 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 september 30, 2014-2016.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

ALLOCATED RENT EXPENSE

Raw XML AppendixShowing 400 of 425 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/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0161037
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-7388
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt034026
IRS990/RentalIncomeOrLossGrp/RealAmt010170
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0165317
IRS990/SavingsAndTempCashInvstGrp/BOYAmt098137
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0110497
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/BookValueAmt0153975
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0118069
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0272044
IRS990ScheduleD/ExpensesNotReportedAmt017910
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0142691
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt023000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt023000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt012104
IRS990ScheduleD/OtherExpensesIncludedAmt017910
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026010
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026010
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt012104
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0135303
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FASB ASC 740 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 DERECOGINITION 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 SEPTEMBER 30, 2014-2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ALLOCATED RENT EXPENSE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0176975
IRS990ScheduleD/TotalExpensesPerForm990Amt0142691
IRS990ScheduleD/TotalLiabilityAmt012004
IRS990ScheduleD/TotalRevenuePerForm990Amt0135303
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0147407
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0160601
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CLASSES OF MEMBERS WITH A TOTAL OF APPROXIMATELY 1700 MEMBERS FOR THE YEAR ENDING NOVEMBER 30, 2017.
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/ExplanationTxt3FORM 990 WILL BE REVIEWED BY THE EXECUTIVE COMMITTEE PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS DISCLOSURE, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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 C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0365038
IRS990/TotalAssetsEOYAmt0341819
IRS990/TotalAssetsGrp/BOYAmt0365038
IRS990/TotalAssetsGrp/EOYAmt0341819
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt085744
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142691
IRS990/TotalFunctionalExpensesGrp/TotalAmt0142691
IRS990/TotalGrossUBIAmt017185
IRS990/TotalLiabilitiesBOYAmt040008
IRS990/TotalLiabilitiesEOYAmt013042
IRS990/TotalLiabilitiesGrp/BOYAmt040008
IRS990/TotalLiabilitiesGrp/EOYAmt013042
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0325030
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0328777
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142691
IRS990/TotalProgramServiceRevenueAmt022183
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt032374
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0135303
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt017185
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0365038
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0341819
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04296
IRS990/TravelGrp/TotalAmt04296
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0325030
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0328777
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01128 OAK STREET
IRS990/USAddress/CityNm0MOUNT CARMEL
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd062863
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CAROL JO BEADLES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum06182625865
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WABASH COUNTY FARM BUREAU
ReturnHeader/Filer/BusinessNameControlTxt0WABA
ReturnHeader/Filer/EIN0370567480
ReturnHeader/Filer/PhoneNum06182625865
ReturnHeader/Filer/USAddress/AddressLine1Txt01128 OAK STREET

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