Civic Intelligence

Montgomery County Farm Bureau

990 • Fiscal year 2021 • EIN 37-0664118

Sep 01, 2020 to Aug 31, 2021 • Filed on Dec 10, 2021

Organization ProfileWWW.MONTGOMERYCOUNTYFB.COM
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

61st percentile

0.03x

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

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.14x

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

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

34%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$540

Higher top officer pay than 20% of similar nonprofits.

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

2021 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2021

Asset Growth

76th percentile

19%

Faster asset growth than 76% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

31st percentile

-2.3%

Faster revenue growth than 31% of similar nonprofits.

2021 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$1,481,153

Up $231,453 (+19%) from 2020

Net Assets

Up

$1,434,891

Up $222,153 (+18%) from 2020

Liabilities

Up

$46,262

Up $9,300 (+25%) from 2020

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin88th percentile

Revenue

Down

$323,391

Down $7,518 (-2.3%) from 2020

Expenses

Down

$213,138

Down $7,087 (-3.2%) from 2020

Net Income

Down

$110,253

Down $431 (-0.4%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth76th percentile

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

2021

Assets$1,481,153
Liabilities$46,262
Net Assets$1,434,891
Open 2021 Filing

Operations Trend

Revenue Growth31st percentile

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

2021

Revenue$323,391
Expenses$213,138
Net Income$110,253
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Dec 10, 2021
Return Version
2020v4.1
Gross Receipts
$488,604
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
Savings and Temporary Cash Investments$257,047$579,062▲ $322,015
Investments Other Securities$335,154$339,153▲ $3,999
Investments in Publicly Traded Securities$285,254$231,228▼ $54,026
Cash and Non-Interest-Bearing Accounts$214,759$172,881▼ $41,878
Land, Buildings, and Equipment, Net$136,316$138,299▲ $1,983
Accounts Receivable$16,506$19,377▲ $2,871
Inventories for Sale or Use$733$733→ $0
Prepaid Expenses and Deferred Charges$3,931$420▼ $3,511
Total Assets$1,249,700$1,481,153▲ $231,453
Liabilities
Accounts Payable and Accrued Expenses$36,931$25,433▼ $11,498
Deferred Revenue$31$20,829▲ $20,798
Total Liabilities$36,962$46,262▲ $9,300
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,212,738$1,434,891▲ $222,153
Total Net Assets Fund Balance$1,212,738$1,434,891▲ $222,153
Total Liabilities and Net Assets / Fund Balance$1,249,700$1,481,153▲ $231,453

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,202$213,730$319,932
Other Land Buildings$12,812$39,159$51,971
Equipment$448$44,796$45,244
Land$18,837-$18,837
Other Securities$50--
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleOtherTotal
Dennis HandPresident$540$540
Justin GermanSecretary$405$405
Mark KnodleDirector$400$400
Adam AndersonTreasurer$360$360
Lynn BlackDirector$360$360
Brad YoungDirector$320$320
Paul BeelerDirector$320$320
Kevin DevriesDirector$315$315
Don MurphyDirector$300$300
Robert ColemanDirector$300$300
Joseph PopeDirector$280$280
Thomas ElmoreDirector$280$280
Tyler HelgenDirector$280$280
Matthew StolteVice-president$265$265
Kris ReynoldsDirector$240$240
Chad MilburgDirector$180$180
Jay NiemannDirector$180$180
Kirby FurnessDirector$180$180
Matthew BeluskoDirector$150$150
Randel SinglerDirector$120$120
Revenue and Support

Revenue Composition

Contributions and Grants
$51,126
Program Service Revenue
$0
Investment Income
$28,693
Other Revenue
$243,572
All Other Contributions
$8,500
Change in Net Assets
$110,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$323,391
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$146,588
Total Revenue per Audited Statements
$469,979
Total Revenue per Form 990
$323,391
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$126,535
Salaries, Compensation, and Employee Benefits$69,012
Grants and Similar Amounts Paid$17,591
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$47,231
Grants to Domestic Orgs---$17,591
All Other Expenses---$15,043
Office Expenses---$9,310
Fees for Services Accounting---$8,658
Other Expenses---$8,554
Pension Plan Contributions---$7,435
Current Officers, Directors, Trustees, and Key Employees---$5,775
Payroll Taxes---$4,462
Other Employee Benefits---$4,109
Depreciation Depletion---$3,272
Information Technology---$2,719
Occupancy---$2,641
Insurance---$2,575
Conferences and Meetings---$1,589
Travel---$1,205
Total Functional Expenses$0$0$0$213,138

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$247,826
Expenses per Audited Statements$213,138
Total Expenses per Form 990$213,138
Expenses Not Reported on Form 990$34,688
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montgomery County Farm Bureau FoundationHillsboro, IL501c3Agricultural Education to Public$10,000
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
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 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, Part VI, Section A, Line 6

“The organization has two classes of members, voting and non-voting with a total of 2,725 members for the year ending august 31, 2021. 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 members 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
Dennis Hand
Title
President
Phone
2175326171
Signed
2021-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Hand
Formed
1921
Legal Domicile
Il
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
404 NORTH HERSHEY RD SUITE A, BLOOMINGTON, IL 61704
Preparer
Christopher J Buettner
Phone
3096624356
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 31, 2018, 2019, 2020 and 2021. Returns are generally subject to examination for three years after they have been filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 34,688.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENTAL EXPENSE 34,688.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01921
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt03841
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt018
IRS990/GrantsToDomesticOrgsGrp/TotalAmt017591
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0132966
IRS990/GrossReceiptsAmt0488604
IRS990/GrossRentsGrp/RealAmt017171
IRS990/GrossSalesOfInventoryAmt01601
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt018
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt02719
IRS990/InsuranceGrp/TotalAmt02575
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0733
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0733
IRS990/InvestmentIncomeGrp/ExclusionAmt024852
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024852
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0335154
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0339153
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0285254
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0231228
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0297685
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0136316
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0138299
IRS990/LandBldgEquipCostOrOtherBssAmt0435984
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0129125
IRS990/LessRentalExpensesGrp/RealAmt034688
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt042626
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/NetAssetsOrFundBalancesBOYAmt01212738
IRS990/NetAssetsOrFundBalancesEOYAmt01434891
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt03841
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt03841
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0201
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0201
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0-17517
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-17517
IRS990/NetUnrelatedBusTxblIncmAmt0149881
IRS990/NetUnrlzdGainsLossesInvstAmt0111900
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01212738
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01434891
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02641
IRS990/OfficeExpensesGrp/TotalAmt09310
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04109
IRS990/OtherExpensesGrp/Desc0FEDERAL INCOME TAXES
IRS990/OtherExpensesGrp/Desc1AG RELATED ACTIVITIES
IRS990/OtherExpensesGrp/Desc2STATE INCOME TAXES
IRS990/OtherExpensesGrp/Desc3ALLOCATED MANAGEMENT SE
IRS990/OtherExpensesGrp/TotalAmt031694
IRS990/OtherExpensesGrp/TotalAmt123432
IRS990/OtherExpensesGrp/TotalAmt215843
IRS990/OtherExpensesGrp/TotalAmt38554
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc2COMMISSIONS
IRS990/OtherRevenueMiscGrp/ExclusionAmt019655
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0187315
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt119655
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2533
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0187315
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1533
IRS990/OtherRevenueTotalAmt0207503
IRS990/OtherSalariesAndWagesGrp/TotalAmt047231
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt04462
IRS990/PensionPlanContributionsGrp/TotalAmt07435
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03931
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0420
IRS990/PrincipalOfficerNm0DENNIS HAND
IRS990/ProfessionalFundraisingInd00
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/PYContributionsGrantsAmt051227
IRS990/PYGrantsAndSimilarPaidAmt018922
IRS990/PYInvestmentIncomeAmt017109
IRS990/PYOtherExpensesAmt0150096
IRS990/PYOtherRevenueAmt0262573
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0110684
IRS990/PYSalariesCompEmpBnftPaidAmt051207
IRS990/PYTotalExpensesAmt0220225
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0330909
IRS990/ReconcilationRevenueExpnssAmt0110253
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-17517
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt053385
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt053385
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0257047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0579062
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/BookValueAmt0106202
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0213730
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0319932
IRS990ScheduleD/EquipmentGrp/BookValueAmt0448
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044796
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045244
IRS990ScheduleD/ExpensesNotReportedAmt034688
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0213138
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt018837
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt018837
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0111900
IRS990ScheduleD/OtherExpensesIncludedAmt034688
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt012812
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039159
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt051971
IRS990ScheduleD/OtherRevenueAmt034688
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt043396
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1295418
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2289
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/RevenueNotReportedAmt0146588
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0323391
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 31, 2018, 2019, 2020 AND 2021. RETURNS ARE GENERALLY SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY HAVE BEEN FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSE 34,688.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSE 34,688.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,481,153
Liabilities
$46,262
Net assets
$1,434,891
Revenue
$323,391
Expenses
$213,138
Net income
$110,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.14$0.02$2.12$0.49$0.27$0.22
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.02$1.77$0.39$0.28$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.57$0.03$1.54$0.40$0.30$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.42$0.37$0.28$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.48$0.05$1.43$0.32$0.21$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.04$1.21$0.33$0.22$0.11
2019Detailed filing. Detailed filing data is available for this year.$1.13$0.03$1.11$0.28$0.25$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.13$0.07$1.06$0.30$0.27$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.12$0.09$1.04$0.29$0.27$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.12$0.10$1.02$0.28$0.31$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.10$0.07$1.03$0.29$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.14$0.07$1.07$0.30$0.31$0.01