Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0680715 • 501(c)5 • Grundy Center, IA

Profile

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

606 8th Street Suite 2Grundy Center, IA 50638

n/A

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

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

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

Liabilities / Revenue

64th percentile

0.04x

Higher debt load relative to revenue than 64% of similar nonprofits.

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

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$257

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

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

Asset Growth

36th percentile

2.1%

Faster asset growth than 36% of similar nonprofits.

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

Revenue Growth

13th percentile

-8.4%

Faster revenue growth than 13% of similar nonprofits.

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

Assets

Up

$1,296,560

Up $27,226 (+2.1%) from 2023

Liabilities

Down

$6,398

Down $888 (-12%) from 2023

Net Assets

Up

$1,290,162

Up $28,114 (+2.2%) from 2023

Revenue

Down

$151,484

Down $13,977 (-8.4%) from 2023

Expenses

Up

$133,972

Up $1,773 (+1.3%) from 2023

Net Income

Down

$17,512

Down $15,750 (-47%) 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: $154,775Liabilities 2011: $1592011Assets 2012: $163,979Liabilities 2012: $4,0372012Assets 2013: $165,004Liabilities 2013: $2,5132013Assets 2014: $167,823Liabilities 2014: $2,8142014Assets 2015: $176,448Liabilities 2015: $6,1492015Assets 2016: $186,672Liabilities 2016: $5,7522016Assets 2017: $185,735Liabilities 2017: $4,7112017Assets 2018: $190,288Liabilities 2018: $5,0032018Assets 2019: $185,888Liabilities 2019: $6,9492019Assets 2020: $216,273Liabilities 2020: $4,850Net Assets 2020: $211,4232020Assets 2021: $249,197Liabilities 2021: $5,361Net Assets 2021: $243,8362021Assets 2022: $1,235,260Liabilities 2022: $7,352Net Assets 2022: $1,227,9082022Assets 2023: $1,269,334Liabilities 2023: $7,286Net Assets 2023: $1,262,0482023Assets 2024: $1,296,560Liabilities 2024: $6,398Net Assets 2024: $1,290,1622024

Highlighted filing

2024

Assets$1,296,560
Liabilities$6,398
Net Assets$1,290,162

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $113,058Expenses 2011: $118,223Net Income 2011: -$5,1652011Revenue 2012: $102,172Expenses 2012: $98,720Net Income 2012: $3,4522012Revenue 2013: $110,725Expenses 2013: $113,503Net Income 2013: -$2,7782013Revenue 2014: $112,089Expenses 2014: $113,273Net Income 2014: -$1,1842014Revenue 2015: $114,194Expenses 2015: $109,633Net Income 2015: $4,5612015Revenue 2016: $113,100Expenses 2016: $108,637Net Income 2016: $4,4632016Revenue 2017: $138,934Expenses 2017: $121,449Net Income 2017: $17,4852017Revenue 2018: $127,812Expenses 2018: $119,213Net Income 2018: $8,5992018Revenue 2019: $137,306Expenses 2019: $147,983Net Income 2019: -$10,6772019Revenue 2020: $128,184Expenses 2020: $99,129Net Income 2020: $29,0552020Revenue 2021: $151,146Expenses 2021: $116,687Net Income 2021: $34,4592021Revenue 2022: $1,138,601Expenses 2022: $128,446Net Income 2022: $1,010,1552022Revenue 2023: $165,461Expenses 2023: $132,199Net Income 2023: $33,2622023Revenue 2024: $151,484Expenses 2024: $133,972Net Income 2024: $17,5122024

Highlighted filing

2024

Revenue$151,484
Expenses$133,972
Net Income$17,512

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.01$1.29$0.15$0.13$0.02
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.01$1.26$0.17$0.13$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.01$1.23$1.14$0.13$1.01
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.24$0.15$0.12$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.22$0.00$0.21$0.13$0.10$0.03
2019Summary only. Only limited summary data is available for this year.$0.19$0.01$0.14$0.15$0.01
2018Summary only. Only limited summary data is available for this year.$0.19$0.01$0.13$0.12$0.01
2017Summary only. Only limited summary data is available for this year.$0.19$0.00$0.14$0.12$0.02
2016Summary only. Only limited summary data is available for this year.$0.19$0.01$0.11$0.11$0.00
2015Summary only. Only limited summary data is available for this year.$0.18$0.01$0.11$0.11$0.00
2014Summary only. Only limited summary data is available for this year.$0.17$0.00$0.11$0.11$0.00
2013Summary only. Only limited summary data is available for this year.$0.17$0.00$0.11$0.11$0.00
2012Summary only. Only limited summary data is available for this year.$0.16$0.00$0.10$0.10$0.00
2011Summary only. Only limited summary data is available for this year.$0.15$0.00$0.11$0.12$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
$216,704
Mission and Program Overview

Mission

Schedule O

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$995,176-
Investments Program Related$995,176--
Investments in Publicly Traded Securities$151,753$171,513▲ $19,760
Savings and Temporary Cash Investments$89,515$97,990▲ $8,475
Land, Buildings, and Equipment, Net$30,897$29,504▼ $1,393
Accounts Receivable$1,993$2,350▲ $357
Cash and Non-Interest-Bearing Accounts-$27-
Total Assets$1,269,334$1,296,560▲ $27,226
Liabilities
Accounts Payable and Accrued Expenses$5,486$6,398▲ $912
Deferred Revenue$1,800--
Total Liabilities$7,286$6,398▼ $888
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$266,872$1,290,162▲ $1,023,290
Net Assets With Donor Restrictions$995,176--
Total Net Assets Fund Balance$1,262,048$1,290,162▲ $28,114
Total Liabilities and Net Assets / Fund Balance$1,269,334$1,296,560▲ $27,226

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,343$109,902$137,245
Equipment$0$6,121$6,121
Land$2,161-$2,161
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-$995,176▲ $11,539-$1,006,715
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sarah HockemeyerDirector$257$257
Bill NoteboomPresident$100$100
Jon FreeseDirector$75$75

Board Members and Trustees

NameTitle
Matt SimmsVice President
Adam MeyerDirector
Bailey HenzeDirector
Clay GeiterDirector
Dalton HenzeDirector
Jesse WillisDirector
Zach MeesterDirector
Jared KrausmanSecretary
Whitney HeinrichTreasurer
Tim DiamondVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$35,230
Program Service Revenue
$64,480
Investment Income
$34,315
Other Revenue
$17,459
All Other Contributions
$10,050
Change in Net Assets
$17,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$92,193
Salaries, Compensation, and Employee Benefits$33,811
Grants and Similar Amounts Paid$7,968
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$35,464
Other Salaries and Wages$0$0$0$30,855
Advertising$0$0$0$10,661
Fees for Services Other$0$0$0$9,378
Office Expenses$0$0$0$9,093
Conferences and Meetings$0$0$0$8,391
Travel$0$0$0$4,593
Grants to Domestic Orgs$0--$4,068
Grants to Domestic Individuals$0--$3,900
Payroll Taxes$0$0$0$2,402
Occupancy$0$0$0$2,400
Fees for Services Accounting$0$0$0$2,112
Fees for Service Investment Mgmnt Fees$0$0$0$1,685
Fees for Services Management$0$0$0$1,612
Other Expenses$0$0$0$1,290
Insurance$0$0$0$764
Current Officers, Directors, Trustees, and Key Employees$0$0$0$432
Other Employee Benefits$0$0$0$122
Total Functional Expenses$0$0$0$133,972
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
42-0680715
Phone
3198245212
Address
606 8th Street Suite 2, Grundy Center, IA 50638
Doing Business As
Grundy County Farm Bureau

Signing Officer

Name
Bill Noteboom
Title
President
Phone
3198245212
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
1918
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
15

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

Bailey Henze and Dalton Henze have a family relationship.

Other

Part III, Line 4a - Public Relations - Grundy County Farm Bureau hosted a Celebration of Ag in March 2024. The event was held at a local venue and partially funded by sponsorships from area, mostly agriculture-related businesses. There were three levels of sponsorships - Blue Ribbon, Reserve Grand Champion and Grand Champion. A sponsorship entitled the business to eight tickets to the event to share with employees or clients. The event included a catered meal and entertainment, in 2024 - Aaron Putze, a motivational speaker from Des Moines. There were over 200 people in attendance. At the county fair in July, GCFB partnered with Grundy County Cattlemen and Ag Vantage FS and served grilled hamburgers with chips and water to 600+ people. In December, the board applied for a grant from the Iowa Beef Industry Council and received beef certificates. Ten days before Christmas, board members delivered the beef certificates, eggs, cake mix, five lbs. of potatoes, vegetable oil, frosting, frozen pie and dinner rolls, whipped topping, vegetables, cocoa mix, and a gift card to the local grocery store. Forty-five of these bundles were donated to Operation Threshold - a local Food Pantry. The promotion was advertised to local media and social media. Posters about the benefits of real meat were posted at grocery stores.

Other

Part III, Line 4b - Public Policy - The board of directors generated an opinionnaire in April that was distributed to all members with an email address on file. It was also offered as a paper copy, via several Spokesman articles and Facebook posts, to members without emails. This gave our full membership the opportunity to voice their opinions on issues that are important on a local, state, and national level. The results were tabulated, and policy was approved by members at the Policy Development Meeting in the summer. Board members also lobbied our state legislators throughout the year at local town hall meetings, at the Capitol in Des Moines and via personal phone calls.

Other

Part III, Line 4c - Ag in the Classroom - Grundy County Farm Bureaus Ag in the Classroom coordinator has been busy adding classrooms and other activities to her schedule. She does classroom visits once a month with a new topic of interest each month. Farm Chats are often used in conjunction with the classroom visit. The coordinator also integrates a hands-on activity into the visit - sometimes a snack or just a fun craft project. Agriculture-focused activities were provided during Kids Day at the county fair. Grundy County Farm Bureau also awarded five scholarships in 2024 to local seniors for two- or four-year degrees or trade school.

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/PersonNm8Dalton Henze
IRS990/Form990PartVIISectionAGrp/PersonNm9Sarah Hockemeyer
IRS990/Form990PartVIISectionAGrp/PersonNm10Adam Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm11Jesse Willis
IRS990/Form990PartVIISectionAGrp/PersonNm12Zach Meester
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Voting Delegate
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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.

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