Civic Intelligence

Knox County Farm Bureau

EIN 37-0667480 • 501(c)5 • Galesburg, IL

Profile

Promote the understanding of agriculture in our community to improve the profitability of farmers and enrich the quality of life in knox county.

180 S Soangetaha RoadGalesburg, IL 61401

www.knoxcfb.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.04x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

87th percentile

0.15x

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

501(c)5 • $500k-$1M nonprofits • Source year 2025

Net Margin

29th percentile

-1.2%

Higher net margin than 29% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

501(c)5 • $500k-$1M nonprofits • Source year 2025

Asset Growth

69th percentile

9.2%

Faster asset growth than 69% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

1.5%

Faster revenue growth than 41% of similar nonprofits.

501(c)5 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$880,740

Up $68,934 (+8.5%) from 2023

Liabilities

Down

$17,493

Down $3,138 (-15%) from 2023

Net Assets

Up

$863,247

Up $72,072 (+9.1%) from 2023

Revenue

Up

$260,412

Up $22,324 (+9.4%) from 2023

Expenses

Up

$275,894

Up $13,939 (+5.3%) from 2023

Net Income

Up

-$15,482

Up $8,385 (+35%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2014: $743,227Liabilities 2014: $21,418Net Assets 2014: $721,8092014Assets 2015: $731,364Liabilities 2015: $16,948Net Assets 2015: $714,4162015Assets 2017: $758,040Liabilities 2017: $19,958Net Assets 2017: $738,0822017Assets 2018: $730,495Liabilities 2018: $20,941Net Assets 2018: $709,5542018Assets 2019: $777,545Liabilities 2019: $19,542Net Assets 2019: $758,0032019Assets 2020: $820,047Liabilities 2020: $15,950Net Assets 2020: $804,0972020Assets 2021: $874,251Liabilities 2021: $16,934Net Assets 2021: $857,3172021Assets 2022: $788,717Liabilities 2022: $14,975Net Assets 2022: $773,7422022Assets 2023: $811,806Liabilities 2023: $20,631Net Assets 2023: $791,1752023Assets 2024: $880,740Liabilities 2024: $17,493Net Assets 2024: $863,2472024

Highlighted filing

2024

Assets$880,740
Liabilities$17,493
Net Assets$863,247

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $190,482Expenses 2014: $191,231Net Income 2014: -$7492014Revenue 2015: $198,854Expenses 2015: $191,388Net Income 2015: $7,4662015Revenue 2017: $205,232Expenses 2017: $213,002Net Income 2017: -$7,7702017Revenue 2018: $210,294Expenses 2018: $226,290Net Income 2018: -$15,9962018Revenue 2019: $227,773Expenses 2019: $211,214Net Income 2019: $16,5592019Revenue 2020: $220,937Expenses 2020: $189,425Net Income 2020: $31,5122020Revenue 2021: $208,839Expenses 2021: $194,581Net Income 2021: $14,2582021Revenue 2022: $220,331Expenses 2022: $235,115Net Income 2022: -$14,7842022Revenue 2023: $238,088Expenses 2023: $261,955Net Income 2023: -$23,8672023Revenue 2024: $260,412Expenses 2024: $275,894Net Income 2024: -$15,4822024

Highlighted filing

2024

Revenue$260,412
Expenses$275,894
Net Income-$15,482

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 1, 2023 to Nov 30, 2024
Signed
Apr 10, 2025
Return Version
2023v6.0
Gross Receipts
$308,170
Mission and Program Overview

Mission

Promote the understanding of agriculture in our community to improve the profitability of farmers and enrich the quality of life in knox county.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$594,775$647,860▲ $53,085
Land, Buildings, and Equipment, Net$162,583$198,553▲ $35,970
Cash and Non-Interest-Bearing Accounts$40,498$22,424▼ $18,074
Inventories for Sale or Use$9,922$8,854▼ $1,068
Accounts Receivable$3,111$2,150▼ $961
Prepaid Expenses and Deferred Charges$917$899▼ $18
Total Assets$811,806$880,740▲ $68,934
Liabilities
Accounts Payable and Accrued Expenses$13,339$9,617▼ $3,722
Deferred Revenue$7,292$7,876▲ $584
Total Liabilities$20,631$17,493▼ $3,138
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$791,175$863,247▲ $72,072
Total Net Assets Fund Balance$791,175$863,247▲ $72,072
Total Liabilities and Net Assets / Fund Balance$811,806$880,740▲ $68,934

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$168,549$717,556$886,105
Land$30,004-$30,004
Compensation and Service Providers

Board Members and Trustees

NameTitle
Drew DesutterPresident
Aaron LinkDirector
Brian NelsonDirector
Cory LinkDirector
Damon SheaDirector
Dustin CoursonDirector
Jason BollivarDirector
Jeff GradyDirector
Joel MccormickDirector
Kyle UnderwoodDirector
Michelle EricksonDirector
Monica StevensDirector
Rob EmmonsDirector
TOM O'CONNORDirector
Tim EagleDirector
Lori EngelSecretary
Jennifer BeardTreasurer
Philip GoedekeVice Preside
Brandon HallYoung Farmer
Revenue and Support

Revenue Composition

Contributions and Grants
$47,925
Program Service Revenue
$101,826
Investment Income
$16,764
Other Revenue
$93,897
Change in Net Assets
$-15,482
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,673
Other Expenses$136,221
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$52,838$51,995-$104,833
Conferences and Meetings$19,109$12,738-$31,847
Other Employee Benefits$13,871$9,247-$23,118
Office Expenses$16,287$4,071-$20,358
Fees for Services Accounting$15,885--$15,885
Travel$9,364--$9,364
Payroll Taxes$5,146$3,431-$8,577
Fees for Service Investment Mgmnt Fees$6,028--$6,028
All Other Expenses$4,481--$4,481
Other Expenses$4,390$1,298-$4,390
Information Technology$2,081$1,388-$3,469
Pension Plan Contributions$1,887$1,258-$3,145
Insurance$2,652--$2,652
Total Functional Expenses$190,468$85,426$0$275,894
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
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, Page 6, Part VI, Line 6

YES

Form 990, Page 6, Part VI, Line 7A

YES

Form 990, Page 6, Part VI, Line 7B

YES

Form 990, Page 6, Part VI, Line 11B

The knox county farm bureau executive committee will review and then it will be presented to the board of directors before being filed.

Form 990, Page 6, Part VI, Line 12C

Conflicts dealt with as they arise.

Form 990, Page 6, Part VI, Line 15A

Regional manager performs annual review of the manager.

Form 990, Page 6, Part VI, Line 15B

Board members are not compensated.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Knox County Farm Bureau
EIN
37-0667480
Phone
3093422036
Address
180 S SOANGETAHA ROAD, GALESBURG, IL 61401

Signing Officer

Name
Drew Desutter
Title
President
Phone
3093422036
Signed
2025-04-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Drew Desutter
Formed
1920
Legal Domicile
Il
Voting Board Members
779
Independent Board Members
19
Employees
4

Preparer

Firm
Compton Accounting LLC
Address
301 S DEPOT ST, ALTONA, IL 61414-0279
Preparer
Kelly a Cheline
Phone
8444848881
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

AUDIT ADJUSTMENT 0

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IRS990/OtherExpensesGrp/Desc3FEDERAL INCOME TAX
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01298
IRS990/OtherExpensesGrp/ProgramServicesAmt020175
IRS990/OtherExpensesGrp/ProgramServicesAmt112379
IRS990/OtherExpensesGrp/ProgramServicesAmt23895
IRS990/OtherExpensesGrp/ProgramServicesAmt34390
IRS990/OtherExpensesGrp/TotalAmt020175
IRS990/OtherExpensesGrp/TotalAmt112379
IRS990/OtherExpensesGrp/TotalAmt25193
IRS990/OtherExpensesGrp/TotalAmt34390
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE COMPENSATION
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028400
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt028400
IRS990/OtherRevenueTotalAmt028400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051995
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt052838
IRS990/OtherSalariesAndWagesGrp/TotalAmt0104833
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03431
IRS990/PayrollTaxesGrp/ProgramServicesAmt05146
IRS990/PayrollTaxesGrp/TotalAmt08577
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01258
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01887
IRS990/PensionPlanContributionsGrp/TotalAmt03145
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0917
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0899
IRS990/PrincipalOfficerNm0DREW DESUTTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1AG EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc2KCFB BULLETIN
IRS990/ProgramServiceRevenueGrp/Desc3RETAIL SALES
IRS990/ProgramServiceRevenueGrp/Desc4MISCELLANEOUS REV
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt067173
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118669
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt212478
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41015
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt067173
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118669
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt212478
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41015
IRS990/ProgSrvcAccomActy2Grp/Desc0INFORMATION PUBLICATION - TO PROVIDE A MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. CIRCULATION OF THE PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 2616. PLAT BOOK SALES - TO PROVIDE COUNTY PLAT BOOKS TO RESIDENTS OF THE COUNTY.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION AND SUPPORT OF AGRICULTURAL RELATED ACTIVITIES - ACTIVITIES AND PROMOTIONS ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt043696
IRS990/PYInvestmentIncomeAmt01077
IRS990/PYOtherExpensesAmt0130031
IRS990/PYOtherRevenueAmt086302
IRS990/PYProgramServiceRevenueAmt0107013
IRS990/PYRevenuesLessExpensesAmt0-23867
IRS990/PYSalariesCompEmpBnftPaidAmt0131924
IRS990/PYTotalExpensesAmt0261955
IRS990/PYTotalRevenueAmt0238088
IRS990/ReconcilationRevenueExpnssAmt0-15482
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03274
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt062223
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt062223
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0594775
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0647860
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt030004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030004
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0168549
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0717556
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0886105
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0198553
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2YES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE KNOX COUNTY FARM BUREAU EXECUTIVE COMMITTEE WILL REVIEW AND THEN IT WILL BE PRESENTED TO THE BOARD OF DIRECTORS BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICTS DEALT WITH AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REGIONAL MANAGER PERFORMS ANNUAL REVIEW OF THE MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BOARD MEMBERS ARE NOT COMPENSATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AUDIT ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0811806
IRS990/TotalAssetsEOYAmt0880740
IRS990/TotalAssetsGrp/BOYAmt0811806
IRS990/TotalAssetsGrp/EOYAmt0880740
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt047925
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt085426
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190468
IRS990/TotalFunctionalExpensesGrp/TotalAmt0275894
IRS990/TotalGrossUBIAmt028400
IRS990/TotalLiabilitiesBOYAmt020631
IRS990/TotalLiabilitiesEOYAmt017493
IRS990/TotalLiabilitiesGrp/BOYAmt020631
IRS990/TotalLiabilitiesGrp/EOYAmt017493
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0791175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0863247
IRS990/TotalProgramServiceRevenueAmt0101826
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0184087
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0260412
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt028400
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0811806
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0880740
IRS990/TravelGrp/ProgramServicesAmt09364
IRS990/TravelGrp/TotalAmt09364
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt0779
IRS990/VotingMembersIndependentCnt019

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