Civic Intelligence

Montgomery County Farm Bureau

990 • Fiscal year 2017 • EIN 37-0664118

Sep 01, 2016 to Aug 31, 2017 • Filed on Dec 08, 2017

102 North Main StreetHillsboro, IL 62049

(217) 532-6171

Siviq Scores

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

Liabilities / Assets

70th percentile

0.08x

Higher debt load relative to assets than 70% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.30x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

51st percentile

5.8%

Higher net margin than 51% of similar nonprofits.

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

Top Officer Pay

17th percentile

$520

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

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

Asset Growth

29th percentile

0.5%

Faster asset growth than 29% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

44th percentile

2.0%

Faster revenue growth than 44% of similar nonprofits.

2017 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$1,123,872

Up $5,575 (+0.5%) from 2016

Net Assets

Up

$1,036,281

Up $19,243 (+1.9%) from 2016

Liabilities

Down

$87,591

Down $13,668 (-13%) from 2016

Revenue

Up

$289,455

Up $5,633 (+2.0%) from 2016

Expenses

Down

$272,733

Down $35,300 (-11%) from 2016

Net Income

Up

$16,722

Up $40,933 (+169%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $1,139,394Liabilities 2014: $69,702Net Assets 2014: $1,069,6922014Assets 2015: $1,101,410Liabilities 2015: $67,168Net Assets 2015: $1,034,2422015Assets 2016: $1,118,297Liabilities 2016: $101,259Net Assets 2016: $1,017,0382016Assets 2017: $1,123,872Liabilities 2017: $87,591Net Assets 2017: $1,036,2812017Assets 2018: $1,131,867Liabilities 2018: $67,540Net Assets 2018: $1,064,3272018Assets 2019: $1,132,527Liabilities 2019: $27,048Net Assets 2019: $1,105,4792019Assets 2020: $1,249,700Liabilities 2020: $36,962Net Assets 2020: $1,212,7382020Assets 2021: $1,481,153Liabilities 2021: $46,262Net Assets 2021: $1,434,8912021Assets 2022: $1,451,877Liabilities 2022: $27,398Net Assets 2022: $1,424,4792022Assets 2023: $1,570,208Liabilities 2023: $28,537Net Assets 2023: $1,541,6712023Assets 2024: $1,790,764Liabilities 2024: $21,516Net Assets 2024: $1,769,2482024Assets 2025: $2,140,460Liabilities 2025: $22,147Net Assets 2025: $2,118,3132025

Highlighted filing

2017

Assets$1,123,872
Liabilities$87,591
Net Assets$1,036,281

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2014: $297,568Expenses 2014: $312,448Net Income 2014: -$14,8802014Revenue 2015: $290,270Expenses 2015: $315,025Net Income 2015: -$24,7552015Revenue 2016: $283,822Expenses 2016: $308,033Net Income 2016: -$24,2112016Revenue 2017: $289,455Expenses 2017: $272,733Net Income 2017: $16,7222017Revenue 2018: $298,128Expenses 2018: $267,219Net Income 2018: $30,9092018Revenue 2019: $282,288Expenses 2019: $248,772Net Income 2019: $33,5162019Revenue 2020: $330,909Expenses 2020: $220,225Net Income 2020: $110,6842020Revenue 2021: $323,391Expenses 2021: $213,138Net Income 2021: $110,2532021Revenue 2022: $370,304Expenses 2022: $275,346Net Income 2022: $94,9582022Revenue 2023: $401,790Expenses 2023: $301,986Net Income 2023: $99,8042023Revenue 2024: $393,290Expenses 2024: $282,675Net Income 2024: $110,6152024Revenue 2025: $490,642Expenses 2025: $267,682Net Income 2025: $222,9602025

Highlighted filing

2017

Revenue$289,455
Expenses$272,733
Net Income$16,722
Jump To
Filing Snapshot
Filing Period
Sep 1, 2016 to Aug 31, 2017
Signed
Dec 8, 2017
Return Version
2016v3.0
Gross Receipts
$335,079
Mission and Program Overview

Mission

To provide our members with information to increase profitability, quality of life, and to serve as an advocate on agricultural issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$479,039$525,792▲ $46,753
Investments in Publicly Traded Securities$409,984$369,162▼ $40,822
Land, Buildings, and Equipment, Net$168,453$166,990▼ $1,463
Cash and Non-Interest-Bearing Accounts$32,655$32,286▼ $369
Accounts Receivable$20,342$19,930▼ $412
Prepaid Expenses and Deferred Charges$7,757$4,258▼ $3,499
Savings and Temporary Cash Investments-$4,227-
Inventories for Sale or Use$67$1,227▲ $1,160
Total Assets$1,118,297$1,123,872▲ $5,575
Liabilities
Accounts Payable and Accrued Expenses$81,964$87,143▲ $5,179
Deferred Revenue$19,295$448▼ $18,847
Total Liabilities$101,259$87,591▼ $13,668
Net Assets / Fund Balance
Unrestricted Net Assets$1,017,038$1,036,281▲ $19,243
Total Net Assets Fund Balance$1,017,038$1,036,281▲ $19,243
Total Liabilities and Net Assets / Fund Balance$1,118,297$1,123,872▲ $5,575

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$119,833$189,709$309,542
Equipment$9,168$32,317$41,485
Other Land Buildings$19,152$7,819$26,971
Leasehold Improvements$0$25,000$25,000
Land$18,837-$18,837
Other Securities$50--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jay NiemannPresident$520$520
Kenneth FolkertsVice-president$405$405
Kevin DevriesTreasurer$370$370
Tracy B DresslerDirector$360$360
Garrett FuchsDirector$320$320
Randel SinglerDirector$320$320
Lynn BlackDirector$290$290
Tyler HelgenDirector$290$290
Justin GermanDirector$260$260
Carl MartenSecretary$245$245
Joseph PopeDirector$230$230
Mark KnodleDirector$230$230
Heath HouckDirector$210$210
Brad YoungDirector$200$200
Dennis HandDirector$200$200
Adam AndersonDirector$170$170
Gene BoehlerDirector$120$120
Harlan BrownDirector - 2016$90$90

Board Members and Trustees

NameTitle
Thomas ElmoreDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$47,161
Program Service Revenue
$799
Investment Income
$20,821
Other Revenue
$220,674
All Other Contributions
$5,859
Change in Net Assets
$16,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$289,455
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$46,439
Total Revenue per Audited Statements
$335,894
Total Revenue per Form 990
$289,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$169,780
Salaries, Compensation, and Employee Benefits$102,953
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$74,711
All Other Expenses---$26,366
Conferences and Meetings---$22,538
Other Expenses---$12,843
Pension Plan Contributions---$11,455
Office Expenses---$9,374
Information Technology---$6,757
Fees for Services Accounting---$6,577
Payroll Taxes---$6,398
Other Employee Benefits---$5,559
Depreciation Depletion---$5,443
Current Officers, Directors, Trustees, and Key Employees---$4,830
Insurance---$3,000
Occupancy---$2,860
Total Functional Expenses$0$0$0$272,733

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$316,651
Expenses per Audited Statements$272,733
Total Expenses per Form 990$272,733
Expenses Not Reported on Form 990$43,918
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
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 4

The farm bureau's bylaws were amended this year to include new classes of membership, professional voting and professional non-voting, to allow individuals that work in agriculture that may not have a substantial financial interest in production of agricultural products to seek membership in the organization.

Form 990, Part VI, Section A, Line 6

The organization has two classes of members, voting and non-voting with a total of 2,886 members for the year ending august 31, 2017. 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 mambers 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.

Filing and Contact Details

Filer

Filer Name
Montgomery County Farm Bureau
EIN
37-0664118
Phone
2175326171
Address
102 NORTH MAIN STREET, HILLSBORO, IL 62049

Signing Officer

Name
Jay Niemann
Title
President
Phone
2175326171
Signed
2017-12-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay Niemann
Formed
1921
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
404 NORTH HERSHEY ROAD SUITE A, BLOOMINGTON, IL 61704
Preparer
Christopher J Buettner CPA
Phone
3095571200
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:

Fin 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 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 august 2014, 2015, 2016 and 2017. Returns are generally subject to examination for three years after they have been filed.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

RENTAL INCOME 43,918.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSE 43,918.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR - 2016
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01921
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0335079
IRS990/GrossRentsGrp/RealAmt014808
IRS990/GrossSalesOfInventoryAmt015790
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt06757
IRS990/InsuranceGrp/TotalAmt03000
IRS990/InventoriesForSaleOrUseGrp/BOYAmt067
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01227
IRS990/InvestmentIncomeGrp/ExclusionAmt020821
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020821
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0479039
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0525792
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0409984
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0369162
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0254845
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0168453
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0166990
IRS990/LandBldgEquipCostOrOtherBssAmt0421835
IRS990/LegalDomicileStateCd0IL
IRS990/LessRentalExpensesGrp/RealAmt043918
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt041302
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE OUR MEMBERS WITH INFORMATION TO INCREASE PROFITABILITY, QUALITY OF LIFE, AND TO SERVE AS AN ADVOCATE ON AGRICULTURAL ISSUES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01017038
IRS990/NetAssetsOrFundBalancesEOYAmt01036281
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt014084
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt014084
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-29110
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-29110
IRS990/NetUnrelatedBusTxblIncmAmt0146736
IRS990/NetUnrlzdGainsLossesInvstAmt02521
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02860
IRS990/OfficeExpensesGrp/TotalAmt09374
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05559
IRS990/OtherExpensesGrp/Desc0FEDERAL INCOME TAXES
IRS990/OtherExpensesGrp/Desc1AG RELATED ACTIVITIES
IRS990/OtherExpensesGrp/Desc2ALLOCATED MANAGEMENT SE
IRS990/OtherExpensesGrp/Desc3STATE INCOME TAXES
IRS990/OtherExpensesGrp/TotalAmt040487
IRS990/OtherExpensesGrp/TotalAmt119983
IRS990/OtherExpensesGrp/TotalAmt213552
IRS990/OtherExpensesGrp/TotalAmt312843
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE SERVICE FEES
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0184290
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0184290
IRS990/OtherRevenueTotalAmt0184290
IRS990/OtherSalariesAndWagesGrp/TotalAmt074711
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt06398
IRS990/PensionPlanContributionsGrp/TotalAmt011455
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07757
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04258
IRS990/PrincipalOfficerNm0JAY NIEMANN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0TRANSITION FUNDS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0799
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0799
IRS990/ProgSrvcAccomActy2Grp/Desc0AG IN THE CLASSROOM- TO HELP GRADE SCHOOL STUDENTS FROM KINDERGARDEN THROUGH 8TH GRADE LEARN WHERE THEIR FOOD COMES FROM AND THAT IT IS PRODUCED IN A SAFE MANNER. WE HELP FFA STUDENTS ATTEND THEIR STATE AND NATIONAL CONVENTIONS, WE GIVE SCHOLARSHIPS TO STUDENTS GOING TO COLLEGE THAT ARE STUDYING IN AN AG RELATED FIELD.
IRS990/ProgSrvcAccomActy3Grp/Desc0RADIO AND NEWSPAPER PUBLICATIONS HELPING MEMBERSHIP TO BE MORE PROFITABLE IN THEIR BUSINESS. HELP MEMBERS TO BECOME MORE KNOWLEDGABLE ABOUT NEW FARMING PRACTICES AND NEW REGULATIONS FROM THE EPA OR IF THEIR FARMS ARE GOING TO BE IMPACTED BY OUTSIDE INFLUENCES SUCH AS POWER COMPANIES.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03537
IRS990/PYGrantsAndSimilarPaidAmt011670
IRS990/PYInvestmentIncomeAmt017677
IRS990/PYOtherExpensesAmt0184067
IRS990/PYOtherRevenueAmt0219698
IRS990/PYProgramServiceRevenueAmt042910
IRS990/PYRevenuesLessExpensesAmt0-24211
IRS990/PYSalariesCompEmpBnftPaidAmt0112296
IRS990/PYTotalExpensesAmt0308033
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0283822
IRS990/ReconcilationRevenueExpnssAmt016722
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-29110
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt051410
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt051410
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04227
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/BookValueAmt0119833
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0189709
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0309542
IRS990ScheduleD/EquipmentGrp/BookValueAmt09168
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032317
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041485
IRS990ScheduleD/ExpensesNotReportedAmt043918
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0272733
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt018837
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018837
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt025000
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt025000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02521
IRS990ScheduleD/OtherExpensesIncludedAmt043918
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019152
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07819
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026971
IRS990ScheduleD/OtherRevenueAmt043918
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0219690
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1305766
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2286
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt350
IRS990ScheduleD/OtherSecuritiesGrp/Desc0LONG TERM CDS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1ANNUITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc2PARTNERSHIP INTERESTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc3INVESTMENTS IN COOPERATIVES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3C
IRS990ScheduleD/RevenueNotReportedAmt046439
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0289455
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FIN 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 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 AUGUST 2014, 2015, 2016 AND 2017. RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY HAVE BEEN FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL INCOME 43,918.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSE 43,918.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0166990
IRS990ScheduleD/TotalBookValueSecuritiesAmt0525792
IRS990ScheduleD/TotalExpensesPerForm990Amt0272733
IRS990ScheduleD/TotalRevenuePerForm990Amt0289455
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0335894
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0316651
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FARM BUREAU'S BYLAWS WERE AMENDED THIS YEAR TO INCLUDE NEW CLASSES OF MEMBERSHIP, PROFESSIONAL VOTING AND PROFESSIONAL NON-VOTING, TO ALLOW INDIVIDUALS THAT WORK IN AGRICULTURE THAT MAY NOT HAVE A SUBSTANTIAL FINANCIAL INTEREST IN PRODUCTION OF AGRICULTURAL PRODUCTS TO SEEK MEMBERSHIP IN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING WITH A TOTAL OF 2,886 MEMBERS FOR THE YEAR ENDING AUGUST 31, 2017. ONLY VOTING MEMBERS CAN HOLD OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS HAVE THE AUTHORITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VARIOUS GOVERNING DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETURN WILL BE REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ANNUALLY REVIEWS THE POLICY AND IS REQUIRED TO ANNUALLY DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MANAGER'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 MAMBERS ARE COMPENSATED VIA A PER DIEM AND MILEAGE AGREEMENT. MILEAGE IS PAID AT THE STANDARD IRS RATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.

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