Civic Intelligence

Farmhouse Fraternity Iowa State

990 • Fiscal year 2019 • EIN 42-0241290

Aug 01, 2018 to Jul 31, 2019 • Filed on Jul 26, 2021

Organization ProfileWWW.ISUFARMHOUSE.ORG

Refreshing map…

311 Ash AvenueAmes, IA 50014

(515) 778-5171

Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Net Margin

13th percentile

-11%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2019 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2019

Asset Growth

1st percentile

-71%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-3.9%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$27,213

Down $66,481 (-71%) from 2018

Net Assets

Down

$27,213

Down $66,481 (-71%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin13th percentile

Revenue

Down

$602,769

Down $24,227 (-3.9%) from 2018

Expenses

Up

$669,250

Up $41,657 (+6.6%) from 2018

Net Income

Down

-$66,481

Down $65,884 (-11036%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$600K$400K$200K$0-$200KAssets 2011: $380,084Liabilities 2011: $416,040Net Assets 2011: -$35,9562011Assets 2012: $75,945Liabilities 2012: $22,288Net Assets 2012: $53,6572012Assets 2013: $63,302Liabilities 2013: $27,892Net Assets 2013: $35,4102013Assets 2014: $45,815Liabilities 2014: $13,872Net Assets 2014: $31,9432014Assets 2015: $37,876Liabilities 2015: $39,827Net Assets 2015: -$1,9512015Assets 2016: $45,823Liabilities 2016: $46,035Net Assets 2016: -$2122016Assets 2017: $28,008Liabilities 2017: $0Net Assets 2017: $28,0082017Assets 2018: $93,694Liabilities 2018: $0Net Assets 2018: $93,6942018Assets 2019: $27,213Liabilities 2019: $0Net Assets 2019: $27,2132019Assets 2020: $90,505Liabilities 2020: $0Net Assets 2020: $90,5052020Assets 2021: $86,673Liabilities 2021: $0Net Assets 2021: $86,6732021Assets 2022: $76,546Liabilities 2022: $0Net Assets 2022: $76,5462022Assets 2023: $66,412Liabilities 2023: $0Net Assets 2023: $66,4122023Assets 2024: $106,165Liabilities 2024: $0Net Assets 2024: $106,1652024

Highlighted filing

2019

Assets$27,213
Liabilities$0
Net Assets$27,213
Open 2019 Filing

Operations Trend

Revenue Growth27th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $760,168Expenses 2011: $427,262Net Income 2011: $332,9062011Revenue 2012: $380,413Expenses 2012: $436,162Net Income 2012: -$55,7492012Revenue 2013: $745,754Expenses 2013: $425,891Net Income 2013: $319,8632013Revenue 2014: $469,910Expenses 2014: $485,432Net Income 2014: -$15,5222014Revenue 2015: $574,866Expenses 2015: $583,118Net Income 2015: -$8,2522015Revenue 2016: $565,941Expenses 2016: $555,474Net Income 2016: $10,4672016Revenue 2017: $624,226Expenses 2017: $596,006Net Income 2017: $28,2202017Revenue 2018: $626,996Expenses 2018: $627,593Net Income 2018: -$5972018Revenue 2019: $602,769Expenses 2019: $669,250Net Income 2019: -$66,4812019Revenue 2020: $657,138Expenses 2020: $593,846Net Income 2020: $63,2922020Revenue 2021: $644,568Expenses 2021: $648,400Net Income 2021: -$3,8322021Revenue 2022: $708,851Expenses 2022: $718,978Net Income 2022: -$10,1272022Revenue 2023: $726,124Expenses 2023: $736,258Net Income 2023: -$10,1342023Revenue 2024: $766,615Expenses 2024: $726,862Net Income 2024: $39,7532024

Highlighted filing

2019

Revenue$602,769
Expenses$669,250
Net Income-$66,481
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jul 26, 2021
Return Version
2018v3.2
Gross Receipts
$602,769
Mission and Program Overview

Mission

To create a community of brotherhood that cultivates the potential of our members, strengthens values and provides unique leadership and personal growth opportunities to build exceptional men.

The object of farmhouse fraternity is to promote good fellowship, to encourage studiousness, and to inspire its members in seeking the best in their chosen lines of study as well as in life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$93,694$27,213▼ $66,481
Rtn Earn Endowment Incm Other Fnds$93,694$27,213▼ $66,481
Total Assets$93,694$27,213▼ $66,481
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$93,694$27,213▼ $66,481
Total Liabilities and Net Assets / Fund Balance$93,694$27,213▼ $66,481
Compensation and Service Providers
Top Officer Pay86th percentile

Board Members and Trustees

NameTitle
Jacob StenzelPresident
Samuel RempeDirector of Admin
Ryan HerrenDirector of Aumni
Colton MooreDirector of House
Jared LoeckeDirector of Nm Ed
Jed WyseDirector of Risk
Nathan FrankDirector of Schol
Jacob MacveyAssist Busin
Banjamin Vander LeestAssit Recrui
Koby RichterAssit Recrui
Brendan MassAssitant Alu
Brock ElbertEminent Trea
Jacob RobillardNm Educator
Colin JohnstonSocial/broth
Caleb AlmasiVP Finance
Brett SchlicksupVP Recruitme
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$602,708
Investment Income
$61
Other Revenue
$0
Change in Net Assets
$-66,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$645,318
Salaries, Compensation, and Employee Benefits$23,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$285,596
Office Expenses---$25,268
Other Salaries and Wages---$16,994
Other Employee Benefits---$6,938
Fees for Services Accounting---$6,768
Other Expenses---$6,132
Fees for Services Legal---$2,138
Fees for Services Management---$2,044
Travel---$156
Total Functional Expenses$0$0$0$669,250
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
Backup withholding compliance
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
No
Management duties delegated
No

Governance Explanations

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

“The organization's form 990 is prepared by an accountant experienced in the area of non-profit taxation. The board makes a cursory review of the return to make sure no material omissions or misstatements are made on the return before it is filed. Once approved, the return is signed by an authorized agent and filed.”

Form 990, Page 6, Part VI, Line 19

“Upon request, within one week of request.”

Filing and Contact Details

Filer

Filer Name
Farmhouse Fraternity
EIN
42-0241290
Phone
5157785171
Address
311 ASH AVENUE, AMES, IA 50014

Signing Officer

Name
Brock Elbert
Title
Eminent Treasurer
Phone
5157785171
Signed
2021-07-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brock Elbert
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
0
Employees
1
Volunteers
26

Preparer

Firm
Greek Resource Services LLC
Address
PO BOX 1880, TUSCALOOSA, AL 35403-1880
Preparer
Elizabeth M Brewer
Phone
2057587754
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IRS990/Form990PartVIISectionAGrp/TitleTxt15EMINENT TREA
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IRS990/USAddress/CityNm0INDIANOLA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050125
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BROCK ELBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EMINENT TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05157785171
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARMHOUSE FRATERNITY
ReturnHeader/Filer/BusinessNameControlTxt0FARM
ReturnHeader/Filer/EIN0420241290
ReturnHeader/Filer/PhoneNum05157785171
ReturnHeader/Filer/USAddress/AddressLine1Txt0311 ASH AVENUE
ReturnHeader/Filer/USAddress/CityNm0AMES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050014
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GREEK RESOURCE SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1880
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TUSCALOOSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0354031880
ReturnHeader/PreparerPersonGrp/PhoneNum02057587754
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH M BREWER
ReturnHeader/ReturnTs02021-08-03T11:36:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-08-01
ReturnHeader/TaxPeriodEndDt02019-07-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,213
Liabilities
$0
Net assets
$27,213
Revenue
$602,769
Expenses
$669,250
Net income
-$66,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$1.06$0.00$1.06$7.67$7.27$0.40
2023Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$7.26$7.36$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$7.09$7.19$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.00$0.87$6.45$6.48$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$6.57$5.94$0.63
2019Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$6.03$6.69$0.66
2018Summary only. Only limited summary data is available for this year.$0.94$0.00$0.94$6.27$6.28$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$6.24$5.96$0.28
2016Summary only. Only limited summary data is available for this year.$0.46$0.46$0.00$5.66$5.55$0.10
2015Summary only. Only limited summary data is available for this year.$0.38$0.40$0.02$5.75$5.83$0.08
2014Summary only. Only limited summary data is available for this year.$0.46$0.14$0.32$4.70$4.85$0.16
2013Summary only. Only limited summary data is available for this year.$0.63$0.28$0.35$7.46$4.26$3.20
2012Summary only. Only limited summary data is available for this year.$0.76$0.22$0.54$3.80$4.36$0.56
2011Summary only. Only limited summary data is available for this year.$3.80$4.16$0.36$7.60$4.27$3.33