Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0680712 • 501(c)5 • Ankeny, IA

Profile

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

300 SE Delaware AveAnkeny, IA 50021

n/A

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.00x

Higher debt load relative to assets than 42% 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

52nd percentile

8.3%

Higher net margin than 52% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$255

Higher top officer pay than 23% of similar nonprofits.

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

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

Asset Growth

43rd percentile

3.7%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

66th percentile

11%

Faster revenue growth than 66% of similar nonprofits.

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

Assets

Up

$3,435,941

Up $122,975 (+3.7%) from 2023

Liabilities

Up

$10,513

Up $1,597 (+18%) from 2023

Net Assets

Up

$3,425,428

Up $121,378 (+3.7%) from 2023

Revenue

Up

$640,054

Up $65,203 (+11%) from 2023

Expenses

Up

$586,922

Up $42,001 (+7.7%) from 2023

Net Income

Up

$53,132

Up $23,202 (+78%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,796,131Liabilities 2010: $5,352Net Assets 2010: $1,790,7792010Assets 2011: $1,829,078Liabilities 2011: $3,903Net Assets 2011: $1,825,1752011Assets 2012: $1,922,890Liabilities 2012: $13,591Net Assets 2012: $1,909,2992012Assets 2013: $1,974,295Liabilities 2013: $16,724Net Assets 2013: $1,957,5712013Assets 2014: $1,994,009Liabilities 2014: $18,176Net Assets 2014: $1,975,8332014Assets 2015: $2,020,111Liabilities 2015: $15,140Net Assets 2015: $2,004,9712015Assets 2016: $2,081,077Liabilities 2016: $22,138Net Assets 2016: $2,058,9392016Assets 2017: $2,104,002Liabilities 2017: $16,823Net Assets 2017: $2,087,1792017Assets 2018: $2,090,647Liabilities 2018: $14,607Net Assets 2018: $2,076,0402018Assets 2019: $2,152,239Liabilities 2019: $11,611Net Assets 2019: $2,140,6282019Assets 2020: $2,231,331Liabilities 2020: $12,263Net Assets 2020: $2,219,0682020Assets 2021: $2,347,043Liabilities 2021: $34,851Net Assets 2021: $2,312,1922021Assets 2022: $3,191,236Liabilities 2022: $12,769Net Assets 2022: $3,178,4672022Assets 2023: $3,312,966Liabilities 2023: $8,916Net Assets 2023: $3,304,0502023Assets 2024: $3,435,941Liabilities 2024: $10,513Net Assets 2024: $3,425,4282024

Highlighted filing

2024

Assets$3,435,941
Liabilities$10,513
Net Assets$3,425,428

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2010: $455,226Expenses 2010: $397,095Net Income 2010: $58,1312010Revenue 2011: $441,512Expenses 2011: $401,085Net Income 2011: $40,4272011Revenue 2012: $513,504Expenses 2012: $451,997Net Income 2012: $61,5072012Revenue 2013: $537,427Expenses 2013: $489,322Net Income 2013: $48,1052013Revenue 2014: $546,965Expenses 2014: $524,666Net Income 2014: $22,2992014Revenue 2015: $525,152Expenses 2015: $481,202Net Income 2015: $43,9502015Revenue 2016: $530,582Expenses 2016: $482,608Net Income 2016: $47,9742016Revenue 2017: $524,696Expenses 2017: $517,719Net Income 2017: $6,9772017Revenue 2018: $547,964Expenses 2018: $522,787Net Income 2018: $25,1772018Revenue 2019: $541,684Expenses 2019: $514,575Net Income 2019: $27,1092019Revenue 2020: $553,506Expenses 2020: $505,518Net Income 2020: $47,9882020Revenue 2021: $584,907Expenses 2021: $508,826Net Income 2021: $76,0812021Revenue 2022: $1,567,700Expenses 2022: $517,107Net Income 2022: $1,050,5932022Revenue 2023: $574,851Expenses 2023: $544,921Net Income 2023: $29,9302023Revenue 2024: $640,054Expenses 2024: $586,922Net Income 2024: $53,1322024

Highlighted filing

2024

Revenue$640,054
Expenses$586,922
Net Income$53,132

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.44$0.01$3.43$0.64$0.59$0.05
2023Summary only. Only limited summary data is available for this year.$3.31$0.01$3.30$0.57$0.54$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.19$0.01$3.18$1.57$0.52$1.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.03$2.31$0.58$0.51$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.23$0.01$2.22$0.55$0.51$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.15$0.01$2.14$0.54$0.51$0.03
2018Summary only. Only limited summary data is available for this year.$2.09$0.01$2.08$0.55$0.52$0.03
2017Summary only. Only limited summary data is available for this year.$2.10$0.02$2.09$0.52$0.52$0.01
2016Summary only. Only limited summary data is available for this year.$2.08$0.02$2.06$0.53$0.48$0.05
2015Summary only. Only limited summary data is available for this year.$2.02$0.02$2.00$0.53$0.48$0.04
2014Summary only. Only limited summary data is available for this year.$1.99$0.02$1.98$0.55$0.52$0.02
2013Summary only. Only limited summary data is available for this year.$1.97$0.02$1.96$0.54$0.49$0.05
2012Summary only. Only limited summary data is available for this year.$1.92$0.01$1.91$0.51$0.45$0.06
2011Summary only. Only limited summary data is available for this year.$1.83$0.00$1.83$0.44$0.40$0.04
2010Summary only. Only limited summary data is available for this year.$1.80$0.01$1.79$0.46$0.40$0.06
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Mar 20, 2023
Return Version
2022v5.0
Gross Receipts
$1,790,115
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$869,365$1,890,622▲ $1,021,257
Investments in Publicly Traded Securities$818,838$670,813▼ $148,025
Land, Buildings, and Equipment, Net$443,226$422,496▼ $20,730
Cash and Non-Interest-Bearing Accounts$168,238$169,084▲ $846
Accounts Receivable$19,117$19,932▲ $815
Savings and Temporary Cash Investments$28,259$18,289▼ $9,970
Total Assets$2,347,043$3,191,236▲ $844,193
Liabilities
Accounts Payable and Accrued Expenses$34,851$12,769▼ $22,082
Total Liabilities$34,851$12,769▼ $22,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,312,192$3,178,467▲ $866,275
Total Net Assets Fund Balance$2,312,192$3,178,467▲ $866,275
Total Liabilities and Net Assets / Fund Balance$2,347,043$3,191,236▲ $844,193

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$354,397$370,401$724,798
Equipment$1,599$70,578$72,177
Land$66,500-$66,500
Other Securities$995,176--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$0$995,176▲ $11,539-$1,006,715
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steve LeeDirector$265$265
Candice EnglerDirector$80$80
Joshua RemingtonVice President$60$60
Mike UguliniDirector$40$40
Gary BeattiePresident$30$30
Carol MillerDirector$30$30
Cris FriedricksonVoting Delegate$20$20

Board Members and Trustees

NameTitle
Grant KimberelyDirector
Michael KnightDirector
Todd VolzDirector
Casey RobinsonDirector (11/22)
Eric SannyDirector (11/22)
Corey HilleboFormer Director (10/22)
Matthew VegterFormer Director (10/22)
Christie JensenSecretary
Luanne TowersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,020,526
Program Service Revenue
$378,350
Investment Income
$58,008
Other Revenue
$110,816
Change in Net Assets
$1,050,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$371,536
Salaries, Compensation, and Employee Benefits$110,651
Grants and Similar Amounts Paid$34,920
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$237,820
Other Salaries and Wages$0$0$0$101,891
Office Expenses$0$0$0$37,844
Grants to Domestic Orgs$0--$25,920
Conferences and Meetings$0$0$0$16,917
Fees for Services Accounting$0$0$0$11,060
Fees for Services Management$0$0$0$10,810
Grants to Domestic Individuals$0--$9,000
Payroll Taxes$0$0$0$7,921
Fees for Service Investment Mgmnt Fees$0$0$0$5,605
Travel$0$0$0$5,440
Insurance$0$0$0$3,584
Advertising$0$0$0$2,444
Current Officers, Directors, Trustees, and Key Employees$0$0$0$525
Depreciation Depletion$0$0$0$465
Other Employee Benefits$0$0$0$314
Other Expenses$0$0$0$191
All Other Expenses$0$0$0$10
Total Functional Expenses$0$0$0$517,107
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Polk County Fair AssociationDes Moines, IA501(c)(3)Donation$13,000
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
Yes
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
42-0680712
Phone
5159645354
Address
300 SE Delaware Ave, Ankeny, IA 50021
Doing Business As
Polk County Farm Bureau

Signing Officer

Name
Gary Beattie
Title
President
Phone
5159645354
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
3
Volunteers
18

Preparer

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

Additional Explanations

Pt VI, Line 6

Any person may be a Farm Bureau member. All Farm Bureau members have the same vote and access to member benefits.

Pt VI, Line 7A

The Organization's members elect the Board of Directors each year at the annual meeting. In order to hold an officer position within Farm Bureau, the member must be actively engaged in farming, which must be his/her primary interest.

Pt VI, Line 7B

Decisions of the governing body subject to approval by members include setting annual membership dues and nominating voting delegates to the Iowa Farm Bureau Federation.

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 4

As previously reported in our annual group exemption letter dated August 1, 2022, Article IV, Sections 1 thru 4.1 of the bylaws of Adair County Farm Bureau were amended to update the general powers of the organization, at-large director positions, the election of officers and directors and their terms of service.

Other

Part III, Line 4a - Education - The Company places great emphasis on Agriculture in the Classroom (AITC). The Company employs two part time coordinators to create content and educate youth on where their food comes from and the impact of agriculture on their community. The Company's AITC program reaches 5,200 students in Polk County, Iowa. The program hosted online educational videos reaching thousands throughout Polk County. Nine college scholarships were awarded to deserving local students.

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 1,201 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 Promotion - The Company promotes agriculture to the general public and its members throughout the year. The Company contributes to and helps with the Polk County Fair held in Des Moines, Iowa. The Company distributed a local public service announcement to promote road safety on rural roads reaching thousands on social media.

Financial Statement Notes

Pt V, Line 4

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

Raw XML AppendixShowing 400 of 535 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Gary Beattie
IRS990/Form990PartVIISectionAGrp/PersonNm1Joshua Remington
IRS990/Form990PartVIISectionAGrp/PersonNm2Christie Jensen
IRS990/Form990PartVIISectionAGrp/PersonNm3Luanne Towers
IRS990/Form990PartVIISectionAGrp/PersonNm4Cris Friedrickson
IRS990/Form990PartVIISectionAGrp/PersonNm5Steve Lee
IRS990/Form990PartVIISectionAGrp/PersonNm6Todd Volz
IRS990/Form990PartVIISectionAGrp/PersonNm7Grant Kimberely
IRS990/Form990PartVIISectionAGrp/PersonNm8Carol Miller
IRS990/Form990PartVIISectionAGrp/PersonNm9Candice Engler
IRS990/Form990PartVIISectionAGrp/PersonNm10Matthew Vegter
IRS990/Form990PartVIISectionAGrp/PersonNm11Michael Knight
IRS990/Form990PartVIISectionAGrp/PersonNm12Mike Ugulini
IRS990/Form990PartVIISectionAGrp/PersonNm13Corey Hillebo
IRS990/Form990PartVIISectionAGrp/PersonNm14Eric Sanny
IRS990/Form990PartVIISectionAGrp/PersonNm15Casey Robinson
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