Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0137360 • 501(c)5 • Vinton, IA

Profile

To create a vibrant future for agriculture, farm families and their communities.

Refreshing map…

1105 W 9th StVinton, IA 52349

n/A

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

47th percentile

0.01x

Higher debt load relative to revenue than 47% of similar nonprofits.

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

Net Margin

85th percentile

28%

Higher net margin than 85% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$100

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

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

Asset Growth

42nd percentile

3.5%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

87th percentile

27%

Faster revenue growth than 87% of similar nonprofits.

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

Assets

Up

$1,766,552

Up $59,883 (+3.5%) from 2023

Liabilities

Down

$1,742

Down $1,668 (-49%) from 2023

Net Assets

Up

$1,764,810

Up $61,551 (+3.6%) from 2023

Revenue

Up

$171,362

Up $36,900 (+27%) from 2023

Expenses

Down

$122,555

Down $24,363 (-17%) from 2023

Net Income

Up

$48,807

Up $61,263 (+492%) 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: $480,432Liabilities 2011: $22011Assets 2012: $510,261Liabilities 2012: $2,236Net Assets 2012: $508,0252012Assets 2013: $540,873Liabilities 2013: $3,691Net Assets 2013: $537,1822013Assets 2014: $560,126Liabilities 2014: $1,782Net Assets 2014: $558,3442014Assets 2015: $583,360Liabilities 2015: $1,843Net Assets 2015: $581,5172015Assets 2016: $618,241Liabilities 2016: $1,757Net Assets 2016: $616,4842016Assets 2017: $629,641Liabilities 2017: $1,641Net Assets 2017: $628,0002017Assets 2018: $626,722Liabilities 2018: $1,876Net Assets 2018: $624,8462018Assets 2019: $660,270Liabilities 2019: $1,446Net Assets 2019: $658,8242019Assets 2020: $697,816Liabilities 2020: $1,254Net Assets 2020: $696,5622020Assets 2021: $740,692Liabilities 2021: $3,943Net Assets 2021: $736,7492021Assets 2022: $1,698,686Liabilities 2022: $5,208Net Assets 2022: $1,693,4782022Assets 2023: $1,706,669Liabilities 2023: $3,410Net Assets 2023: $1,703,2592023Assets 2024: $1,766,552Liabilities 2024: $1,742Net Assets 2024: $1,764,8102024

Highlighted filing

2024

Assets$1,766,552
Liabilities$1,742
Net Assets$1,764,810

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $145,130Expenses 2011: $124,706Net Income 2011: $20,4242011Revenue 2012: $119,950Expenses 2012: $92,450Net Income 2012: $27,5002012Revenue 2013: $126,361Expenses 2013: $102,494Net Income 2013: $23,8672013Revenue 2014: $118,097Expenses 2014: $103,555Net Income 2014: $14,5422014Revenue 2015: $135,770Expenses 2015: $115,402Net Income 2015: $20,3682015Revenue 2016: $121,006Expenses 2016: $93,294Net Income 2016: $27,7122016Revenue 2017: $124,771Expenses 2017: $109,005Net Income 2017: $15,7662017Revenue 2018: $113,950Expenses 2018: $105,341Net Income 2018: $8,6092018Revenue 2019: $120,547Expenses 2019: $107,828Net Income 2019: $12,7192019Revenue 2020: $121,249Expenses 2020: $98,926Net Income 2020: $22,3232020Revenue 2021: $176,438Expenses 2021: $125,116Net Income 2021: $51,3222021Revenue 2022: $1,109,754Expenses 2022: $124,056Net Income 2022: $985,6982022Revenue 2023: $134,462Expenses 2023: $146,918Net Income 2023: -$12,4562023Revenue 2024: $171,362Expenses 2024: $122,555Net Income 2024: $48,8072024

Highlighted filing

2024

Revenue$171,362
Expenses$122,555
Net Income$48,807

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.00$1.76$0.17$0.12$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.70$0.13$0.15$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.01$1.69$1.11$0.12$0.99
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.18$0.13$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.00$0.70$0.12$0.10$0.02
2019Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.12$0.11$0.01
2018Summary only. Only limited summary data is available for this year.$0.63$0.00$0.62$0.11$0.11$0.01
2017Summary only. Only limited summary data is available for this year.$0.63$0.00$0.63$0.12$0.11$0.02
2016Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$0.12$0.09$0.03
2015Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.14$0.12$0.02
2014Summary only. Only limited summary data is available for this year.$0.56$0.00$0.56$0.12$0.10$0.01
2013Summary only. Only limited summary data is available for this year.$0.54$0.00$0.54$0.13$0.10$0.02
2012Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.12$0.09$0.03
2011Summary only. Only limited summary data is available for this year.$0.48$0.00$0.15$0.12$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$278,032
Mission and Program Overview

Mission

To create a vibrant future for agriculture, farm families and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,250,355$1,262,259▲ $11,904
Investments in Publicly Traded Securities$256,499$283,058▲ $26,559
Land, Buildings, and Equipment, Net$56,831$122,586▲ $65,755
Savings and Temporary Cash Investments$33,093$80,662▲ $47,569
Accounts Receivable$4,702$9,718▲ $5,016
Cash and Non-Interest-Bearing Accounts$105,189$8,269▼ $96,920
Total Assets$1,706,669$1,766,552▲ $59,883
Liabilities
Accounts Payable and Accrued Expenses$3,410$1,742▼ $1,668
Total Liabilities$3,410$1,742▼ $1,668
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,703,259$1,764,810▲ $61,551
Total Net Assets Fund Balance$1,703,259$1,764,810▲ $61,551
Total Liabilities and Net Assets / Fund Balance$1,706,669$1,766,552▲ $59,883

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$110,064$162,906$272,970
Land$12,182-$12,182
Equipment$340$11,265$11,605
Other Securities$995,176--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,035,200-▲ $55,670$25,215$1,065,494
2023$1,006,715-▲ $53,223$24,600$1,035,200
2022$0$995,176▲ $11,539-$1,006,715
Compensation and Service Providers

Employees

NameTitleOtherTotal
Matthew WernerFormer Secretary/Treasurer (10/24)$100$100
Samantha PetersonVice President$100$100

Board Members and Trustees

NameTitle
Michael HopperPresident
Al SchafbuchDirector
David WrageDirector
Dustin SchirmDirector
Keith KronemanDirector
Lynn RinderknechtDirector
Mark KotoucDirector
Robert RitscherDirector
Steve ThompsonDirector
William NewtonDirector
John RitscherDirector (11/24)
Kelli McClintockDirector (11/24)
Bill KermanFormer Director (10/24)
Dean JensenFormer Director (10/24)
Devin LansingSecretary/Treasurer
Darren SteinVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$24,955
Program Service Revenue
$73,308
Investment Income
$55,565
Other Revenue
$17,534
Change in Net Assets
$48,807
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,896
Salaries, Compensation, and Employee Benefits$41,633
Grants and Similar Amounts Paid$4,026
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$39,336
Other Salaries and Wages$0$0$0$36,699
Office Expenses$0$0$0$10,732
Conferences and Meetings$0$0$0$4,170
Travel$0$0$0$4,015
Other Expenses$0$0$0$3,113
Grants to Domestic Individuals$0--$3,000
Payroll Taxes$0$0$0$2,850
Advertising$0$0$0$2,743
Fees for Service Investment Mgmnt Fees$0$0$0$2,062
Fees for Services Accounting$0$0$0$2,038
Other Employee Benefits$0$0$0$1,884
Fees for Services Management$0$0$0$1,788
Grants to Domestic Orgs$0--$1,026
Insurance$0$0$0$833
Depreciation Depletion$0$0$0$680
Current Officers, Directors, Trustees, and Key Employees$0$0$0$200
Total Functional Expenses$0$0$0$122,555
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
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Iowa Farm Bureau Federation
EIN
42-0137360
Phone
3194725231
Address
1105 W 9th St, Vinton, IA 52349
Doing Business As
Benton County Farm Bureau

Signing Officer

Name
Darren Stein
Title
Voting Delegate
Phone
3194725231
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hopper
Formed
1918
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
16

Preparer

Firm
Iowa Farm Bureau Federation
Address
5400 University Ave, West Des Moines, IA 50266
Preparer
Timothy Bigley
Phone
5152255400
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The organization has members. Any person may be a county Farm Bureau member. All county Farm Bureau members have voting rights and the same access to member benefits.

Pt VI, Line 7A

The organizations members elect the Board of Directors.

Pt VI, Line 7B

Certain rights are reserved to members of the organization, including: 1) elect the Board of Directors, including the voting delegate to the Iowa Farm Bureau Federation, 2) adopt amendments to the Articles of Incorporation, and 3) adopt amendments to those bylaws designated as member bylaws.

Pt VI, Line 11B

Management reviews the documents and presents the return to all members of the governing body. Following final board approval, the return is signed by an officer and submitted to the IRS.

Pt VI, Line 12C

On an annual basis, all officers, directors, and key employees are required to sign a statement which affirms that they have: 1) received a copy of the conflict of interest policy, 2) read and understood the policy, 3) agreed to comply with the policy, 4) understand that the Organization is tax-exempt and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish its tax-exempt purpose. A sub-committee, comprised of non-conflicted Board of Directors, annually receives all conflict of interest information, reviews, and determines if there are conflicts of interest. The committee then reports its findings back to the Board.

Pt VI, Line 19

The Organization does not make its governing documents, conflict of interest policy, or financial statements available for public inspection. Pursuant to state law, some documents may be available to members.

Other

Part III, Line 4a - Policy Development - The County Farm Bureau asked members to surface and prioritize issues that are important to local agricultural operations. They then created an opinionnaire to be distributed to the membership to gauge the importance of local, state, and national issues. The county developed county resolutions of importance to be delivered by the Voting Delegate to the State Delegate Body. Member leaders also engaged with local, state, and national elected officials to lobby for the policies important to the agricultural community.

Other

Part III, Line 4b - County Promotions - In 2024, Benton County Farm Bureau awarded four students scholarships to put towards their college tuition/expenses. They also reimbursed two Benton County teachers who attended a teacher workshop put on by the Iowa Agriculture Literacy Foundation. They attended this workshop to receive renewal credits for their teaching license. For National Ag Week, they also donated a bundle of books to each public library in Benton County. This included 16 books donated to the 11 public libraries in Benton County.

Other

Part III, Line 4c - Education and AITC - The organization communicated with teachers, educators, and schools, promoting resources and grant opportunities available to incorporate agriculture into the classrooms. The Outreach Coordinator provided lesson plans for students and teachers through monthly lessons and handouts. The Ag in the Classroom program reached 842 students through classroom lessons and community events.

Pt VI, Line 2

John Ritscher and Robert Ritscher have a family relationship.

Financial Statement Notes

Pt V, Line 4

The Board designated funds are invested in a diversified portfolio that will provide a source of investment income to support the Organizations programs on a long-term basis.

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IRS990/Form990PartVIISectionAGrp/PersonNm3Matthew Werner
IRS990/Form990PartVIISectionAGrp/PersonNm4Darren Stein
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IRS990/Form990PartVIISectionAGrp/PersonNm6Keith Kroneman
IRS990/Form990PartVIISectionAGrp/PersonNm7Kelli McClintock
IRS990/Form990PartVIISectionAGrp/PersonNm8William Newton
IRS990/Form990PartVIISectionAGrp/PersonNm9Lynn Rinderknecht
IRS990/Form990PartVIISectionAGrp/PersonNm10John Ritscher
IRS990/Form990PartVIISectionAGrp/PersonNm11Robert Ritscher
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IRS990/Form990PartVIISectionAGrp/PersonNm17Bill Kerman
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