Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0680702 • 501(c)5 • Boone, IA

Profile

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

1520 S Story StreetBoone, IA 50036

n/A

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

Higher debt load relative to assets than 40% of similar nonprofits.

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

Liabilities / Revenue

57th percentile

0.03x

Higher debt load relative to revenue than 57% of similar nonprofits.

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

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

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

Top Officer Pay

67th percentile

$40

Higher top officer pay than 67% of similar nonprofits.

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

$1M-$5M nonprofits • Source year 2019

Asset Growth

37th percentile

2.0%

Faster asset growth than 37% of similar nonprofits.

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

Revenue Growth

78th percentile

16%

Faster revenue growth than 78% of similar nonprofits.

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

Assets

Up

$1,526,410

Up $29,686 (+2.0%) from 2023

Liabilities

Up

$4,010

Up $1,415 (+55%) from 2023

Net Assets

Up

$1,522,400

Up $28,271 (+1.9%) from 2023

Revenue

Up

$143,837

Up $20,305 (+16%) from 2023

Expenses

Up

$120,725

Up $15,613 (+15%) from 2023

Net Income

Up

$23,112

Up $4,692 (+25%) 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: $325,681Liabilities 2011: $1,5092011Assets 2012: $346,163Liabilities 2012: $2,3752012Assets 2013: $373,892Liabilities 2013: $2,7922013Assets 2014: $384,327Liabilities 2014: $3,8672014Assets 2015: $374,876Liabilities 2015: $3,6392015Assets 2016: $377,772Liabilities 2016: $3,1372016Assets 2017: $398,589Liabilities 2017: $3,6282017Assets 2018: $394,516Liabilities 2018: $2,6312018Assets 2019: $424,478Liabilities 2019: $3,754Net Assets 2019: $420,7242019Assets 2020: $463,076Liabilities 2020: $4,398Net Assets 2020: $458,6782020Assets 2021: $479,180Liabilities 2021: $3,141Net Assets 2021: $476,0392021Assets 2022: $1,463,726Liabilities 2022: $1,058Net Assets 2022: $1,462,6682022Assets 2023: $1,496,724Liabilities 2023: $2,595Net Assets 2023: $1,494,1292023Assets 2024: $1,526,410Liabilities 2024: $4,010Net Assets 2024: $1,522,4002024

Highlighted filing

2024

Assets$1,526,410
Liabilities$4,010
Net Assets$1,522,400

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $141,755Expenses 2011: $137,113Net Income 2011: $4,6422011Revenue 2012: $172,771Expenses 2012: $161,039Net Income 2012: $11,7322012Revenue 2013: $183,513Expenses 2013: $162,329Net Income 2013: $21,1842013Revenue 2014: $177,706Expenses 2014: $162,455Net Income 2014: $15,2512014Revenue 2015: $170,768Expenses 2015: $172,455Net Income 2015: -$1,6872015Revenue 2016: $183,883Expenses 2016: $182,947Net Income 2016: $9362016Revenue 2017: $177,149Expenses 2017: $174,661Net Income 2017: $2,4882017Revenue 2018: $181,160Expenses 2018: $160,894Net Income 2018: $20,2662018Revenue 2019: $171,382Expenses 2019: $163,176Net Income 2019: $8,2062019Revenue 2020: $164,689Expenses 2020: $140,923Net Income 2020: $23,7662020Revenue 2021: $170,291Expenses 2021: $132,629Net Income 2021: $37,6622021Revenue 2022: $1,116,229Expenses 2022: $111,900Net Income 2022: $1,004,3292022Revenue 2023: $123,532Expenses 2023: $105,112Net Income 2023: $18,4202023Revenue 2024: $143,837Expenses 2024: $120,725Net Income 2024: $23,1122024

Highlighted filing

2024

Revenue$143,837
Expenses$120,725
Net Income$23,112

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.00$1.52$0.14$0.12$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.49$0.12$0.11$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$1.12$0.11$1.00
2021Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.17$0.13$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.46$0.00$0.46$0.16$0.14$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.17$0.16$0.01
2018Summary only. Only limited summary data is available for this year.$0.39$0.00$0.18$0.16$0.02
2017Summary only. Only limited summary data is available for this year.$0.40$0.00$0.18$0.17$0.00
2016Summary only. Only limited summary data is available for this year.$0.38$0.00$0.18$0.18$0.00
2015Summary only. Only limited summary data is available for this year.$0.37$0.00$0.17$0.17$0.00
2014Summary only. Only limited summary data is available for this year.$0.38$0.00$0.18$0.16$0.02
2013Summary only. Only limited summary data is available for this year.$0.37$0.00$0.18$0.16$0.02
2012Summary only. Only limited summary data is available for this year.$0.35$0.00$0.17$0.16$0.01
2011Summary only. Only limited summary data is available for this year.$0.33$0.00$0.14$0.14$0.00
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
$306,156
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$1,141,301$1,144,945▲ $3,644
Investments in Publicly Traded Securities$179,915$187,583▲ $7,668
Land, Buildings, and Equipment, Net$116,927$111,045▼ $5,882
Savings and Temporary Cash Investments$54,196$76,704▲ $22,508
Accounts Receivable$4,370$6,118▲ $1,748
Cash and Non-Interest-Bearing Accounts$15$15→ $0
Total Assets$1,496,724$1,526,410▲ $29,686
Liabilities
Accounts Payable and Accrued Expenses$2,595$4,010▲ $1,415
Total Liabilities$2,595$4,010▲ $1,415
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,494,129$1,522,400▲ $28,271
Total Net Assets Fund Balance$1,494,129$1,522,400▲ $28,271
Total Liabilities and Net Assets / Fund Balance$1,496,724$1,526,410▲ $29,686

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$99,006$127,239$226,245
Land$11,453-$11,453
Equipment$586$2,137$2,723
Other Securities$995,176--
Closely Held Equity Interests$25,000--

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
Greg RinehartDirector$290$290
Morey HillDirector$160$160
Jeff WestrumVoting Delegate$120$120
Bradley SchellVice President$60$60
Zach BrittonPresident$55$55
Arne SwansonSecretary$40$40
Marc FuquaTreasurer$40$40
Ben HollingsheadDirector$40$40
Grant HeinemanDirector (11/24)$40$40
Kent PetersonDirector$40$40
Lynn SackettDirector$40$40

Board Members and Trustees

NameTitle
Brett HeinemanFormer President (10/24)
Alan SwansonDirector
Eric CrosmanDirector
Eugene DoranDirector
James HawcottDirector
Jacoby BiceDirector (11/24)
Bryon WestrumFormer Director (10/24)
Revenue and Support

Revenue Composition

Contributions and Grants
$21,221
Program Service Revenue
$70,240
Investment Income
$43,062
Other Revenue
$9,314
All Other Contributions
$240
Change in Net Assets
$23,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,511
Salaries, Compensation, and Employee Benefits$31,114
Grants and Similar Amounts Paid$11,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$38,632
Other Salaries and Wages$0$0$0$27,451
Office Expenses$0$0$0$14,296
Grants to Domestic Orgs$0--$9,100
Conferences and Meetings$0$0$0$6,124
Payroll Taxes$0$0$0$2,199
Travel$0$0$0$2,169
Fees for Service Investment Mgmnt Fees$0$0$0$2,008
Fees for Services Accounting$0$0$0$2,006
Grants to Domestic Individuals$0--$2,000
Advertising$0$0$0$1,956
Fees for Services Management$0$0$0$1,756
Current Officers, Directors, Trustees, and Key Employees$0$0$0$925
Insurance$0$0$0$867
Other Employee Benefits$0$0$0$539
Other Expenses$0$0$0$300
Depreciation Depletion$0$0$0$234
All Other Expenses$0$0$0$32
Total Functional Expenses$0$0$0$120,725
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
42-0680702
Phone
5154321435
Address
1520 S Story Street, Boone, IA 50036
Doing Business As
Boone County Farm Bureau

Signing Officer

Name
Marc Fuqua
Title
Treasurer
Phone
5154321435
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
1918
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
2
Volunteers
19

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.

Pt VI, Line 2

Alan Swanson and Arne Swanson have a family relationship.

Other

Part III, Line 4a - Education - The Company spends time educating the public and youth about Iowas agriculture and the agricultural economy. Two college scholarships were awarded to deserving college students. The Company places great emphasis on Agriculture in the Classroom (AITC). Programs and presentations were completed in local elementary schools, and with an increased use of wireless technology. Three hundred fifty students were impacted by these programs throughout four school districts in Boone County, Iowa.

Other

Part III, Line 4b - Public Policy - The Company functions as a grassroots support network for engaging in public policy education and communications affecting their membership. A member survey is printed and distributed to 531 members to obtain thoughts and opinions on issues affecting them on a local, state, and national level. Legislative meetings and policy education sessions were hosted for members throughout the season.

Other

Part III, Line 4c - Agriculture Promotions - The Company promoted agriculture to the general public and its members throughout the year. The Company promoted agriculture through sponsorship of events at the County Fair for the general public and an agriculture promotion event for local community leaders. A meeting and appreciation event of the Companys membership was held to promote local agriculture programming.

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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