Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0680711 • 501(c)5 • Corydon, IA

Profile

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

Refreshing map…

212 S Franklin StCorydon, IA 50060

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

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

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

Net Margin

88th percentile

32%

Higher net margin than 88% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$45

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

35th percentile

1.7%

Faster asset growth than 35% of similar nonprofits.

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

Revenue Growth

45th percentile

4.7%

Faster revenue growth than 45% of similar nonprofits.

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

Assets

Up

$1,314,056

Up $21,900 (+1.7%) from 2023

Liabilities

Down

$1,166

Down $663 (-36%) from 2023

Net Assets

Up

$1,312,890

Up $22,563 (+1.7%) from 2023

Revenue

Up

$71,119

Up $3,193 (+4.7%) from 2023

Expenses

Up

$48,556

Up $1,347 (+2.9%) from 2023

Net Income

Up

$22,563

Up $1,846 (+8.9%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $187,757Liabilities 2011: $5082011Assets 2012: $201,453Liabilities 2012: $1,6162012Assets 2013: $211,879Liabilities 2013: $2,0882013Assets 2014: $212,458Liabilities 2014: $2,5992014Assets 2015: $219,166Liabilities 2015: $3,3052015Assets 2016: $225,376Liabilities 2016: $5,9272016Assets 2017: $227,164Liabilities 2017: $2,4192017Assets 2018: $229,689Liabilities 2018: $2,4542018Assets 2019: $228,902Liabilities 2019: $1,9292019Assets 2020: $237,546Liabilities 2020: $1,596Net Assets 2020: $235,9502020Assets 2021: $252,885Liabilities 2021: $1,236Net Assets 2021: $251,6492021Assets 2022: $1,270,551Liabilities 2022: $941Net Assets 2022: $1,269,6102022Assets 2023: $1,292,156Liabilities 2023: $1,829Net Assets 2023: $1,290,3272023Assets 2024: $1,314,056Liabilities 2024: $1,166Net Assets 2024: $1,312,8902024

Highlighted filing

2024

Assets$1,314,056
Liabilities$1,166
Net Assets$1,312,890

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $81,113Expenses 2011: $73,754Net Income 2011: $7,3592011Revenue 2012: $88,715Expenses 2012: $76,165Net Income 2012: $12,5502012Revenue 2013: $97,427Expenses 2013: $89,589Net Income 2013: $7,8382013Revenue 2014: $98,540Expenses 2014: $101,120Net Income 2014: -$2,5802014Revenue 2015: $108,100Expenses 2015: $103,220Net Income 2015: $4,8802015Revenue 2016: $97,568Expenses 2016: $96,882Net Income 2016: $6862016Revenue 2017: $96,472Expenses 2017: $89,476Net Income 2017: $6,9962017Revenue 2018: $94,374Expenses 2018: $91,084Net Income 2018: $3,2902018Revenue 2019: $96,849Expenses 2019: $95,767Net Income 2019: $1,0822019Revenue 2020: $94,046Expenses 2020: $83,785Net Income 2020: $10,2612020Revenue 2021: $91,262Expenses 2021: $66,811Net Income 2021: $24,4512021Revenue 2022: $1,060,111Expenses 2022: $42,150Net Income 2022: $1,017,9612022Revenue 2023: $67,926Expenses 2023: $47,209Net Income 2023: $20,7172023Revenue 2024: $71,119Expenses 2024: $48,556Net Income 2024: $22,5632024

Highlighted filing

2024

Revenue$71,119
Expenses$48,556
Net Income$22,563

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.00$1.31$0.07$0.05$0.02
2023Summary only. Only limited summary data is available for this year.$1.29$0.00$1.29$0.07$0.05$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.00$1.27$1.06$0.04$1.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.25$0.00$0.25$0.09$0.07$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.09$0.08$0.01
2019Summary only. Only limited summary data is available for this year.$0.23$0.00$0.10$0.10$0.00
2018Summary only. Only limited summary data is available for this year.$0.23$0.00$0.09$0.09$0.00
2017Summary only. Only limited summary data is available for this year.$0.23$0.00$0.10$0.09$0.01
2016Summary only. Only limited summary data is available for this year.$0.23$0.01$0.10$0.10$0.00
2015Summary only. Only limited summary data is available for this year.$0.22$0.00$0.11$0.10$0.00
2014Summary only. Only limited summary data is available for this year.$0.21$0.00$0.10$0.10$0.00
2013Summary only. Only limited summary data is available for this year.$0.21$0.00$0.10$0.09$0.01
2012Summary only. Only limited summary data is available for this year.$0.20$0.00$0.09$0.08$0.01
2011Summary only. Only limited summary data is available for this year.$0.19$0.00$0.08$0.07$0.01
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
$82,777
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$995,176$995,176→ $0
Savings and Temporary Cash Investments$237,499$264,397▲ $26,898
Land, Buildings, and Equipment, Net$56,812$52,480▼ $4,332
Accounts Receivable$2,123$1,953▼ $170
Prepaid Expenses and Deferred Charges$496--
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$1,292,156$1,314,056▲ $21,900
Liabilities
Accounts Payable and Accrued Expenses$1,829$1,166▼ $663
Total Liabilities$1,829$1,166▼ $663
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,290,327$1,312,890▲ $22,563
Total Net Assets Fund Balance$1,290,327$1,312,890▲ $22,563
Total Liabilities and Net Assets / Fund Balance$1,292,156$1,314,056▲ $21,900

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$51,980$110,136$162,116
Equipment$0$10,909$10,909
Land$500-$500
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
Joel PettyVice President$45$45
Kevin AllenTreasurer$45$45
Boyd SinclairDirector$45$45
Chuck McCulloughDirector$45$45
Connor RunyonDirector (11/24)$45$45
Gabe HookDirector$45$45
Hubert StaggsDirector$45$45
Justin ShieldsDirector$45$45
Kade RichmanDirector (11/24)$45$45
Maverick BrownDirector (11/24)$45$45
Paul AlexanderDirector$45$45
Ryan BrenneckeDirector$45$45
Shelby DooleyDirector$45$45

Board Members and Trustees

NameTitle
Justin LainPresident
Jace AllenDirector
Milo BettisDirector
Shawn HarmonDirector
Tim RunyonDirector
Clayton DyerDirector (11/24)
Clinton DyerFormer Director (10/24)
Ralph AlshouseFormer Director (10/24)
Logan WallaceSecretary
Dan CarpenterVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$11,544
Program Service Revenue
$28,845
Investment Income
$30,799
Other Revenue
$-69
All Other Contributions
$1,315
Change in Net Assets
$22,563
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$35,542
Salaries, Compensation, and Employee Benefits$9,957
Grants and Similar Amounts Paid$3,057
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$14,102
Other Salaries and Wages$0$0$0$8,583
Office Expenses$0$0$0$8,357
Conferences and Meetings$0$0$0$6,938
Grants to Domestic Individuals$0--$2,000
Travel$0$0$0$1,424
Grants to Domestic Orgs$0--$1,057
Fees for Services Accounting$0$0$0$891
Payroll Taxes$0$0$0$699
Fees for Services Management$0$0$0$641
Advertising$0$0$0$633
Current Officers, Directors, Trustees, and Key Employees$0$0$0$585
Insurance$0$0$0$503
Other Employee Benefits$0$0$0$90
Depreciation Depletion$0$0$0$76
Other Expenses$0$0$0$15
Total Functional Expenses$0$0$0$48,556
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
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
42-0680711
Phone
6418722725
Address
212 S Franklin St, Corydon, IA 50060
Doing Business As
Wayne County Farm Bureau

Signing Officer

Name
Joel Petty
Title
Vice President
Phone
6418722725
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
Ia
Voting Board Members
21
Independent Board Members
21
Employees
1
Volunteers
32

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

Tim Runyon and Connor Runyon have a family relationship.

Other

Part III, Line 4a - Policy Development - Wayne County Farm Bureau prides itself on the involvement of the volunteers in creating policy for the organization. We send out an opinionnaire to members via email. We held a meeting to discuss the findings of that opinionnaire and create resolutions that reflect the input. These are presented at the annual membership meeting in the fall. We host the local legislators in the boardroom for legislative coffee during the legislative session. We also meet with them before the session begins.

Other

Part III, Line 4b - Ag Promotion - Wayne County has been very active in the promotion of agriculture. We have been a long-time sponsor of the youth livestock exhibitors at the county fair. We support many local town celebrations and play an active role when possible. We support the youth at the fair by purchasing livestock at the fair auction. We sponsor the Mutton Busting at the county fair. Each contestant is given a shirt with ag promotion on it with each entry. We have a booth in the exhibition building showcasing agriculture. We ran an ad on the electronic sign in Corydon.

Other

Part III, Line 4c - Ag in the Classroom - Wayne County Farm Bureau has an Ag in the Classroom Coordinator that visits the third-grade classrooms randomly throughout the year. They present on a variety of topics such as livestock displays, grain bin safety, chemical safety, and soil health. We also have our annual farm safety day at the Wayne fairgrounds. Each child is presented with a farm safety shirt. We present short lessons on chemicals, livestock, grain bin, atv/lawn mower, and PTO/machinery safety.

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/PersonNm3Kevin Allen
IRS990/Form990PartVIISectionAGrp/PersonNm4Dan Carpenter
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IRS990/Form990PartVIISectionAGrp/PersonNm6Paul Alexander
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IRS990/Form990PartVIISectionAGrp/PersonNm11Clayton Dyer
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IRS990/Form990PartVIISectionAGrp/PersonNm17Connor Runyon
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director (11/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt22Former Director (10/24)
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