Civic Intelligence

Wisconsin Farm Bureau Foundation Inc

EIN 39-1629833 • 501(c)3 • Madison, WI

Profile

WI Farm Bureau Foundations mission is to conduct or financially aid activities which assist in the education and instruction of young people and develop leadership in the ag sector as a whole.

PO Box 5550Madison, WI 53705-0550

www.wfbf.com/wfbfoundation

Siviq Scores

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

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

86th percentile

$169,134

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 42.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

64th percentile

9.2%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,831,711

Up $153,876 (+9.2%) from 2023

Liabilities

Down

$31,416

Down $50,143 (-61%) from 2023

Net Assets

Up

$1,800,295

Up $204,019 (+13%) from 2023

Revenue

Up

$400,736

Up $40,943 (+11%) from 2023

Expenses

Down

$450,905

Down $123,883 (-22%) from 2023

Net Income

Up

-$50,169

Up $164,826 (+77%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $614,291Liabilities 2011: $2,383Net Assets 2011: $611,9082011Assets 2012: $983,072Liabilities 2012: $3,586Net Assets 2012: $979,4862012Assets 2013: $955,304Liabilities 2013: $3,373Net Assets 2013: $951,9312013Assets 2014: $970,452Liabilities 2014: $2,192Net Assets 2014: $968,2602014Assets 2015: $1,033,827Liabilities 2015: $3,895Net Assets 2015: $1,029,9322015Assets 2016: $1,183,031Liabilities 2016: $20,668Net Assets 2016: $1,162,3632016Assets 2017: $1,308,048Liabilities 2017: $4,586Net Assets 2017: $1,303,4622017Assets 2018: $1,353,579Liabilities 2018: $3,249Net Assets 2018: $1,350,3302018Assets 2019: $1,442,551Liabilities 2019: $11,718Net Assets 2019: $1,430,8332019Assets 2020: $1,543,896Liabilities 2020: $11,456Net Assets 2020: $1,532,4402020Assets 2021: $1,862,571Liabilities 2021: $9,897Net Assets 2021: $1,852,6742021Assets 2022: $1,677,602Liabilities 2022: $30,210Net Assets 2022: $1,647,3922022Assets 2023: $1,677,835Liabilities 2023: $81,559Net Assets 2023: $1,596,2762023Assets 2024: $1,831,711Liabilities 2024: $31,416Net Assets 2024: $1,800,2952024

Highlighted filing

2024

Assets$1,831,711
Liabilities$31,416
Net Assets$1,800,295

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2011: $74,724Expenses 2011: $78,569Net Income 2011: -$3,8452011Revenue 2012: $433,629Expenses 2012: $120,653Net Income 2012: $312,9762012Revenue 2013: $130,986Expenses 2013: $210,839Net Income 2013: -$79,8532013Revenue 2014: $164,746Expenses 2014: $207,274Net Income 2014: -$42,5282014Revenue 2015: $352,559Expenses 2015: $172,325Net Income 2015: $180,2342015Revenue 2016: $308,629Expenses 2016: $267,357Net Income 2016: $41,2722016Revenue 2017: $313,026Expenses 2017: $264,493Net Income 2017: $48,5332017Revenue 2018: $332,255Expenses 2018: $312,246Net Income 2018: $20,0092018Revenue 2019: $336,770Expenses 2019: $269,395Net Income 2019: $67,3752019Revenue 2020: $289,438Expenses 2020: $234,029Net Income 2020: $55,4092020Revenue 2021: $276,707Expenses 2021: $162,589Net Income 2021: $114,1182021Revenue 2022: $340,826Expenses 2022: $295,967Net Income 2022: $44,8592022Revenue 2023: $359,793Expenses 2023: $574,788Net Income 2023: -$214,9952023Revenue 2024: $400,736Expenses 2024: $450,905Net Income 2024: -$50,1692024

Highlighted filing

2024

Revenue$400,736
Expenses$450,905
Net Income-$50,169

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.83$0.03$1.80$0.40$0.45$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.08$1.60$0.36$0.57$0.21
2022Detailed filing. Detailed filing data is available for this year.$1.68$0.03$1.65$0.34$0.30$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.86$0.01$1.85$0.28$0.16$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.53$0.29$0.23$0.06
2019Summary only. Only limited summary data is available for this year.$1.44$0.01$1.43$0.34$0.27$0.07
2018Summary only. Only limited summary data is available for this year.$1.35$0.00$1.35$0.33$0.31$0.02
2017Summary only. Only limited summary data is available for this year.$1.31$0.00$1.30$0.31$0.26$0.05
2016Summary only. Only limited summary data is available for this year.$1.18$0.02$1.16$0.31$0.27$0.04
2015Summary only. Only limited summary data is available for this year.$1.03$0.00$1.03$0.35$0.17$0.18
2014Summary only. Only limited summary data is available for this year.$0.97$0.00$0.97$0.16$0.21$0.04
2013Summary only. Only limited summary data is available for this year.$0.96$0.00$0.95$0.13$0.21$0.08
2012Summary only. Only limited summary data is available for this year.$0.98$0.00$0.98$0.43$0.12$0.31
2011Summary only. Only limited summary data is available for this year.$0.61$0.00$0.61$0.07$0.08$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 30, 2025
Return Version
2023v6.0
Gross Receipts
$840,512
Mission and Program Overview

Mission

WI Farm Bureau Foundations mission is to conduct or financially aid activities which assist in the education and instruction of young people and develop leadership in the ag sector as a whole.

WI Farm Bureau Foundations mission is to support agricultural education and develop leadership in the ag sector as a whole.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,334,461$1,576,179▲ $241,718
Savings and Temporary Cash Investments$246,317$164,371▼ $81,946
Cash and Non-Interest-Bearing Accounts$50,395$69,513▲ $19,118
Accounts Receivable$39,049$18,731▼ $20,318
Inventories for Sale or Use$1,922--
Land, Buildings, and Equipment, Net$3,963$1,322▼ $2,641
Prepaid Expenses and Deferred Charges$1,149$1,321▲ $172
Total Assets$1,677,835$1,831,711▲ $153,876
Other Assets Total$579$274▼ $305
Liabilities
Accounts Payable and Accrued Expenses$81,559$31,416▼ $50,143
Total Liabilities$81,559$31,416▼ $50,143
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,491,659$1,717,638▲ $225,979
Net Assets With Donor Restrictions$104,617$82,657▼ $21,960
Total Net Assets Fund Balance$1,596,276$1,800,295▲ $204,019
Total Liabilities and Net Assets / Fund Balance$1,677,835$1,831,711▲ $153,876

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,322$1,027$2,349
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve MasonOfficer$121,885$121,885
Brad OlsenOfficer$25,905$25,905
Joseph BraggerOfficer$7,640$7,640
Brian PederDirector$4,620$4,620
Arch MortonDirector$4,600$4,600
Brenda DowiaschDirector$4,600$4,600
Dave DanielsDirector$4,600$4,600
Robert NighDirector$4,600$4,600
Rosie LisoweDirector$4,600$4,600
Ryan KlussendorfDirector$4,600$4,600

Board Members and Trustees

NameTitle
Savannah BrownDirector
Kevin KrentzFormer Officer
Bradley UkenOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$278,984
Program Service Revenue
$0
Investment Income
$69,493
Other Revenue
$52,259
All Other Contributions
$275,728
Change in Net Assets
$-50,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$400,736
Revenue Not Reported on Form 990
$172,262
Total Revenue per Audited Statements
$572,998
Total Revenue per Form 990
$400,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,871
Salaries, Compensation, and Employee Benefits$17,034
Total Fundraising Expense$13,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$68,951$2,565$9,090$80,606
Other Expenses$25,756--$25,756
Office Expenses-$17,870$889$18,759
Travel-$12,354-$12,354
Other Salaries and Wages-$11,329-$11,329
Other Employee Benefits-$3,810-$3,810
Fees for Services Accounting-$3,360-$3,360
Conferences and Meetings--$3,234$3,234
Pension Plan Contributions-$1,092-$1,092
Payroll Taxes-$803-$803
Depreciation Depletion-$685-$685
Total Functional Expenses$383,824$53,868$13,213$450,905

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$451,730
Expenses per Audited Statements$450,905
Total Expenses per Form 990$450,905
Expenses Not Reported on Form 990$825
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$53,084
Fundraising Direct Expenses$825
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Online Social Media Fundraiser$53,084$53,084$825$52,259
Total Events$53,084$53,084$825$52,259
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The Wisconsin Farm Bureau Foundations directors are chosen by the voting delegates at the Wisconsin Farm Bureau Federations annual meeting. The Wisconsin Farm Bureau Foundation has 11 directors of which 5 are elected each year by the voting delegates.

Form 990, Part VI, Section B, Line 11B

Form 990 is provided in advance to each member of the Board of Directors and reviewed at a regular meeting prior to filing. Prior to this meeting, the audited financial statements have been reviewed by the Board of Directors during an executive session with the external auditors.

Form 990, Part VI, Section B, Line 12C

Officers, Directors and key employees are required to complete the Conflict of Interest Questionnaire annually at the end of the organizations fiscal year. Completed questionnaires are reviewed by outside legal counsel who then renders a report back to the Board of Directors reporting any conflicts and overall compliance to the Conflict of Interest Policy.

Form 990, Part VI, Section B, Line 15A and 15B

The salary range for the officers and key employees is set by using data of other non-profit organizations in the area and other salary data obtained from similar organizations. The salary range for each position on the job classification schedule is approved by the Board of Directors and each employees position on the schedule is determined by the Board of Directors. The Board of Directors sets the salary of the President and Chief Administrative officer during an executive session which excludes these officers and actions are reflected in the minutes of this meeting and forwarded onto the Human Resources Director to implement any salary change. Changes in salary are not automatic and any change is dependent upon reaching performance standards as set by the board in the previous year. The salary for other key employees is determined by the CAO using the salary range and job classification schedule. Changes in salary are not automatic and any change is dependent upon reaching goals and performance standards as set forth in prior year performance evaluation.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are available upon request. Copies of audited financial statements are also available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Wisconsin Farm Bureau Foundation Inc
EIN
39-1629833
Phone
6088365575
Address
PO Box 5550, Madison, WI 53705-0550

Signing Officer

Name
Steve Mason
Title
Treasurer
Phone
6088365575
Signed
2025-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Mason
Formed
1988
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
592

Preparer

Firm
Strohm Ballweg LLP
Address
9701 Brader Way Suite 301, Middleton, WI 53562
Preparer
Jacob T Salzmann
Phone
6088210600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

Program Service Expenses 23,157, Grants and allocations 0, Revenue 0 The purpose of the Promotion and Education Committee is to plan and carry out projects and activities to educate youth and consumers about agriculture and promote positive messages about farming, food safety, animal welfare, and other agricultural topics appropriate to adult and youth audiences.

Form 990, Part III, Line 4D

Program Service Expenses 18,805, Grants and allocations 0, Revenue 0 Foundation provides financial support for the Wisconsin FFAs discussion meet awards and Food for America program. Foundation also co-sponsors the Farm Bureaus annual FFA Farm Forum which provides leadership training experience for FFA members.

Form 990, Part III, Line 4D

Program Service Expenses 8,310, Grants and allocations 0, Revenue 0 Foundation supports 4H programs by sponsoring the 4H Key Awards given to Wisconsin youth.

Form 990, Part III, Line 4D

Program Service Expenses 18,679, Grants and allocations 0, Revenue 0 UW Collegiate FB

Form 990, Part III, Line 4D

Program Service Expenses 0, Grants and allocations 9,090, Revenue 0 Grants Contributions - General

Form 990, Part III, Line 4D

Program Service Expenses 25,756, Grants and allocations 0, Revenue 0 Sustainability

Form 990, Part XI, Line 9

Other Changes in net assets is due to the increase in contributions for temporarily restricted net assets of 82,751.

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