Civic Intelligence

Huron County Farm Bureau Inc

990EZ • Fiscal year 2021 • EIN 38-1379197

Sep 01, 2020 to Aug 31, 2021 • Filed on Nov 29, 2021

711 N Van Dyke RoadBad Axe, MI 48413-9188

(989) 269-9911

Siviq Scores

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

Liabilities / Assets

88th percentile

0.10x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

0.26x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Net Margin

65th percentile

17%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$73,915

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 50.8% of source-year revenue.

2021 filings • 501(c)5 • <$500k nonprofits • Source year 2021

Asset Growth

48th percentile

6.2%

Faster asset growth than 48% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

28%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)5 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$384,791

Up $22,511 (+6.2%) from 2020

Net Assets

Up

$346,482

Up $24,806 (+7.7%) from 2020

Liabilities

Down

$38,309

Down $2,295 (-5.7%) from 2020

Revenue

Up

$145,491

Up $31,923 (+28%) from 2020

Expenses

Up

$120,124

Up $16,095 (+15%) from 2020

Net Income

Up

$25,367

Up $15,828 (+166%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $249,893Liabilities 2011: $4292011Assets 2012: $254,537Liabilities 2012: $262012Assets 2013: $252,920Liabilities 2013: $0Net Assets 2013: $252,9202013Assets 2014: $294,958Liabilities 2014: $0Net Assets 2014: $294,9582014Assets 2015: $307,849Liabilities 2015: $0Net Assets 2015: $307,8492015Assets 2016: $310,314Liabilities 2016: $41Net Assets 2016: $310,2732016Assets 2017: $336,340Liabilities 2017: $02017Assets 2018: $350,202Liabilities 2018: $44,4372018Assets 2019: $352,794Liabilities 2019: $42,672Net Assets 2019: $310,1222019Assets 2020: $362,280Liabilities 2020: $40,604Net Assets 2020: $321,6762020Assets 2021: $384,791Liabilities 2021: $38,309Net Assets 2021: $346,4822021Assets 2022: $385,415Liabilities 2022: $36,0962022Assets 2023: $378,241Liabilities 2023: $33,7902023Assets 2025: $385,214Liabilities 2025: $28,856Net Assets 2025: $356,3582025

Highlighted filing

2021

Assets$384,791
Liabilities$38,309
Net Assets$346,482

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $169,541Expenses 2011: $175,538Net Income 2011: -$5,9972011Revenue 2012: $167,876Expenses 2012: $162,829Net Income 2012: $5,0472012Revenue 2013: $133,030Expenses 2013: $134,622Net Income 2013: -$1,5922013Revenue 2014: $158,337Expenses 2014: $116,301Net Income 2014: $42,0362014Revenue 2015: $109,684Expenses 2015: $96,783Net Income 2015: $12,9012015Revenue 2016: $91,455Expenses 2016: $89,030Net Income 2016: $2,4252016Revenue 2017: $123,562Expenses 2017: $97,498Net Income 2017: $26,0642017Revenue 2018: $137,033Expenses 2018: $121,300Net Income 2018: $15,7332018Revenue 2019: $127,793Expenses 2019: $125,391Net Income 2019: $2,4022019Revenue 2020: $113,568Expenses 2020: $104,029Net Income 2020: $9,5392020Revenue 2021: $145,491Expenses 2021: $120,124Net Income 2021: $25,3672021Revenue 2022: $139,742Expenses 2022: $136,056Net Income 2022: $3,6862022Revenue 2023: $143,246Expenses 2023: $148,114Net Income 2023: -$4,8682023Revenue 2025: $171,286Expenses 2025: $182,030Net Income 2025: -$10,7442025

Highlighted filing

2021

Revenue$145,491
Expenses$120,124
Net Income$25,367
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Nov 29, 2021
Return Version
2020v4.1
Gross Receipts
$145,491
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
See Schedule O--
See Schedule O--
See Schedule O--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura LynchSecretarytreasurerFT$73,915-$73,915
Jeremy PolegaPresident-$496-$496
Jill WildmanThird Member-$233-$233
Ashley Kennedy3rd Member-$176-$176
Adam ArmbrusterDirector-$145-$145
Garrett ShetlerDirector-$142-$142
Rita HerfordVice Presidentp&E Chair-$135-$135
Kevin MessingYoung Farmer Representative-$133-$133
Michael EskauDirector-$106-$106
Laura LynchDirector-$73-$73
Filing and Contact Details

Filer

Filer Name
Huron County Farm Bureau
EIN
38-1379197
Address
711 N Van Dyke Road, Bad Axe, MI 48413-9188

Signing Officer

Name
Laura Lynch
Title
SecretaryTreas
Phone
9892699911
Signed
2021-11-29
Discuss with paid preparer
Yes

Preparer

Firm
David Offord CPA PLC
Address
422 State Street, Saint Joseph, MI 49085
Preparer
David H Offord CPA
Phone
2699835566
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountBCBSM Service Fees 50,556Farm Bureau Insurance Sponsorship 2,344Internet Usage Income 300Current Year Installment Income 2,157

Description of other expenses Part I line 16

Description AmountAccounting Support 1,165Telephone and Internet 1,566Insurance 961Business Charges 2,490Promotional Expenses 3,933Organizational Expenses 3,538Program Expenses 18,787Office Supplies and Expenses 2,9942020 Form 990-T Tax Payments 818

Other changes in net assets or fund balances Part I line 20

Description AmountPrior Period Adjustment (561)

Description of other assets Part II line 24

Category Beginning of Year End of YearNote Receivable 68,427 64,793

Description of total liabilities Part II line 26

Category Beginning of Year End of YearDeferred Revenue 40,466 38,309Payroll Liability 138 0

Part III response or note to any other line in Part III

Form 990-EZ, Part III Organizations Primary Exempt PurposeFarm Bureau is a free independent, non-governmental, voluntary organization of farm families united for the purpose of analyzing their problems and formulating action to achieve educational improvement, economic opportunity, and social advancement and thereby promote national welfare. Farm Bureau is local, statewide, national and international in its scope and influence and is non-partisan, non-sectarian, and non-secret in character. Form 990-EZ, Part III Program Service AccomplishmentsPublic Policy Using grass roots philosophy, volunteer members formulate current and emerging agricultural issues into areas of interest. Membership with a unified voice, provides direction to the state organization. The statewide organization then develops a local, state and national level strategy.Promotion and Education Education about the agricultural industry are offered to hundreds in the general public with events such as Breakfast on the Farm and to 4-H clubs, FFA chapters, schools and civic groups.Young Farmers Education and leadership skill development programs for current local agricultural leaders within the ages of 18 to 35; and offers social events and encourages involvement to develop future leaders.

Raw XML Appendix169 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Laura Lynch
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Jeremy Polega
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Young Farmer Representative
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IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://huron.michfb.com/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountBCBSM Service Fees 50,556Farm Bureau Insurance Sponsorship 2,344Internet Usage Income 300Current Year Installment Income 2,157
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountAccounting Support 1,165Telephone and Internet 1,566Insurance 961Business Charges 2,490Promotional Expenses 3,933Organizational Expenses 3,538Program Expenses 18,787Office Supplies and Expenses 2,9942020 Form 990-T Tax Payments 818
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description AmountPrior Period Adjustment (561)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Category Beginning of Year End of YearNote Receivable 68,427 64,793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Category Beginning of Year End of YearDeferred Revenue 40,466 38,309Payroll Liability 138 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Form 990-EZ, Part III Organizations Primary Exempt PurposeFarm Bureau is a free independent, non-governmental, voluntary organization of farm families united for the purpose of analyzing their problems and formulating action to achieve educational improvement, economic opportunity, and social advancement and thereby promote national welfare. Farm Bureau is local, statewide, national and international in its scope and influence and is non-partisan, non-sectarian, and non-secret in character. Form 990-EZ, Part III Program Service AccomplishmentsPublic Policy Using grass roots philosophy, volunteer members formulate current and emerging agricultural issues into areas of interest. Membership with a unified voice, provides direction to the state organization. The statewide organization then develops a local, state and national level strategy.Promotion and Education Education about the agricultural industry are offered to hundreds in the general public with events such as Breakfast on the Farm and to 4-H clubs, FFA chapters, schools and civic groups.Young Farmers Education and leadership skill development programs for current local agricultural leaders within the ages of 18 to 35; and offers social events and encourages involvement to develop future leaders.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other revenue Part I line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other changes in net assets or fund balances Part I line 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part III response or note to any other line in Part III
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Laura Lynch
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SecretaryTreas
ReturnHeader/BusinessOfficerGrp/PhoneNum09892699911
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-29
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ReturnHeader/Filer/EIN0381379197
ReturnHeader/Filer/USAddress/AddressLine1Txt0711 N Van Dyke Road
ReturnHeader/Filer/USAddress/CityNm0Bad Axe
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David Offord CPA PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0422 State Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Saint Joseph
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd049085
ReturnHeader/PreparerPersonGrp/PhoneNum02699835566
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0David H Offord CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-12-14T08:34:21-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Laura
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Lynch
ReturnHeader/TaxPeriodBeginDt02020-09-01
ReturnHeader/TaxPeriodEndDt02021-08-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.85$0.29$3.56$1.71$1.82$0.11
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.34$1.43$1.48$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$0.36$1.40$1.36$0.04
2021Detailed filing. Detailed filing data is available for this year.$3.85$0.38$3.46$1.45$1.20$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.41$3.22$1.14$1.04$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.53$0.43$3.10$1.28$1.25$0.02
2018Summary only. Only limited summary data is available for this year.$3.50$0.44$1.37$1.21$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.36$0.00$1.24$0.97$0.26
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.00$3.10$0.91$0.89$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.08$0.00$3.08$1.10$0.97$0.13
2014Detailed filing. Detailed filing data is available for this year.$2.95$0.00$2.95$1.58$1.16$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.53$0.00$2.53$1.33$1.35$0.02
2012Summary only. Only limited summary data is available for this year.$2.55$0.00$1.68$1.63$0.05
2011Summary only. Only limited summary data is available for this year.$2.50$0.00$1.70$1.76$0.06
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)5 • <$500k nonprofits