Civic Intelligence

Iowa Farm Bureau Federation D/B/A Marshall County Farm Bureau

990 • Fiscal year 2023 • EIN 42-0680721

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 25, 2024

Organization ProfileN/A
3205 S 6th StreetMarshalltown, IA 50158

(641) 753-6637

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

Higher debt load relative to assets than 44% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.03x

Higher debt load relative to revenue than 58% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Net Margin

64th percentile

12%

Higher net margin than 64% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2023 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2023

Asset Growth

27th percentile

-0.4%

Faster asset growth than 27% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

3rd percentile

-84%

Faster revenue growth than 3% of similar nonprofits.

2023 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,260,312

Down $5,639 (-0.4%) from 2022

Net Assets

Down

$1,254,521

Down $4,635 (-0.4%) from 2022

Liabilities

Down

$5,791

Down $1,004 (-15%) from 2022

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin64th percentile

Revenue

Down

$175,187

Down $952,679 (-84%) from 2022

Expenses

Up

$154,732

Up $19,236 (+14%) from 2022

Net Income

Down

$20,455

Down $971,915 (-98%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $280,444Liabilities 2011: $02011Assets 2012: $283,084Liabilities 2012: $4,9562012Assets 2013: $264,125Liabilities 2013: $7,2312013Assets 2014: $251,153Liabilities 2014: $5,8202014Assets 2015: $240,609Liabilities 2015: $8,4192015Assets 2016: $235,556Liabilities 2016: $10,3062016Assets 2017: $228,901Liabilities 2017: $5,2382017Assets 2018: $211,024Liabilities 2018: $5,6942018Assets 2019: $255,533Liabilities 2019: $5,860Net Assets 2019: $249,6732019Assets 2020: $263,832Liabilities 2020: $3,602Net Assets 2020: $260,2302020Assets 2021: $271,508Liabilities 2021: $4,722Net Assets 2021: $266,7862021Assets 2022: $1,265,951Liabilities 2022: $6,795Net Assets 2022: $1,259,1562022Assets 2023: $1,260,312Liabilities 2023: $5,791Net Assets 2023: $1,254,5212023Assets 2024: $1,253,157Liabilities 2024: $6,445Net Assets 2024: $1,246,7122024

Highlighted filing

2023

Assets$1,260,312
Liabilities$5,791
Net Assets$1,254,521
Open 2023 Filing

Operations Trend

Revenue Growth3rd percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $126,919Expenses 2011: $123,306Net Income 2011: $3,6132011Revenue 2012: $135,351Expenses 2012: $137,667Net Income 2012: -$2,3162012Revenue 2013: $150,206Expenses 2013: $171,440Net Income 2013: -$21,2342013Revenue 2014: $163,611Expenses 2014: $175,172Net Income 2014: -$11,5612014Revenue 2015: $170,547Expenses 2015: $183,690Net Income 2015: -$13,1432015Revenue 2016: $171,500Expenses 2016: $178,440Net Income 2016: -$6,9402016Revenue 2017: $176,969Expenses 2017: $178,556Net Income 2017: -$1,5872017Revenue 2018: $167,909Expenses 2018: $186,242Net Income 2018: -$18,3332018Revenue 2019: $195,795Expenses 2019: $151,452Net Income 2019: $44,3432019Revenue 2020: $173,756Expenses 2020: $163,199Net Income 2020: $10,5572020Revenue 2021: $166,309Expenses 2021: $159,753Net Income 2021: $6,5562021Revenue 2022: $1,127,866Expenses 2022: $135,496Net Income 2022: $992,3702022Revenue 2023: $175,187Expenses 2023: $154,732Net Income 2023: $20,4552023Revenue 2024: $168,048Expenses 2024: $149,596Net Income 2024: $18,4522024

Highlighted filing

2023

Revenue$175,187
Expenses$154,732
Net Income$20,455
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 25, 2024
Return Version
2023v5.1
Gross Receipts
$189,159
Mission and Program Overview

Mission

Schedule O

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$995,176$995,176→ $0
Land, Buildings, and Equipment, Net$97,414$105,448▲ $8,034
Savings and Temporary Cash Investments$21,358$28,805▲ $7,447
Accounts Receivable$8,920$9,829▲ $909
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$1,265,951$1,260,312▼ $5,639
Other Assets Total$143,033$121,004▼ $22,029
Liabilities
Accounts Payable and Accrued Expenses$6,795$5,791▼ $1,004
Total Liabilities$6,795$5,791▼ $1,004
Net Assets / Fund Balance
Net Assets With Donor Restrictions$995,176$995,176→ $0
Net Assets Without Donor Restrictions$263,980$259,345▼ $4,635
Total Net Assets Fund Balance$1,259,156$1,254,521▼ $4,635
Total Liabilities and Net Assets / Fund Balance$1,265,951$1,260,312▼ $5,639

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$91,732$105,803$197,535
Equipment-$20,582$20,582
Land$13,716-$13,716
Investment Program Related Org$995,176--
Other Assets Org$121,004--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,007,598-▲ $49,690$24,600$1,032,688
2022-$995,176▲ $12,422-$1,007,598
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
George BaitingerPresident
Dee PickardVice President
Amanda De JongDirector
Andy MichelsDirector
Blake EdlerDirector
Brandon PickardDirector
Clayton GreenDirector
Ethan CrowSecretary
Brittany TowTreasurer
Matthew BurtVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$13,319
Program Service Revenue
$51,660
Investment Income
$52,815
Other Revenue
$57,393
All Other Contributions
$11,969
Change in Net Assets
$20,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$150,097
Revenue Not Reported on Financial Statements
$25,090
Revenue Not Reported on Form 990
$13,972
Other Revenue Adjustments
$25,090
Total Revenue per Audited Statements
$164,069
Total Revenue per Form 990
$175,187
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$73,014
Other Expenses$67,772
Grants and Similar Amounts Paid$6,240
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$67,627
Payments to Affiliates---$25,256
Office Expenses---$8,037
Conferences and Meetings---$7,967
Benefits to Members---$7,706
Depreciation Depletion---$6,891
Advertising---$5,908
Payroll Taxes---$5,270
Grants to Domestic Individuals---$4,000
Fees for Services Accounting---$2,318
Grants to Domestic Orgs---$2,240
Insurance---$1,875
Fees for Services Management---$1,148
Other Employee Benefits---$117
Other Expenses---$30
Total Functional Expenses$0$0$0$154,732

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$168,704
Expenses per Audited Statements$154,732
Total Expenses per Form 990$154,732
Expenses Not Reported on Form 990$13,972
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 6

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

Form 990, Part VI, Section A, Line 7A

“The organizations members elect the Board of Directors. In order to hold an officer position within Farm Bureau, the member must be actively engaged in farming, which must be their primary interest.”

Form 990, Part VI, Section A, 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.”

Form 990, Part VI, Section B, Line 11B

“After the organizations CPA firm prepares the documentation and return, management reviews the documents and presents the return to all members of the governing body. Following final approval, the return is signed by an officer and submitted to the IRS.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis, the organization requires the governing body and key employees to sign a conflicts of interest policy certification stating that they have received, read and agree to comply with the provisions set forth in the organizations conflicts of interest policy.”

Form 990, Part VI, Section C, Line 19

“The organization does not make its governing documents, conflicts of interest policy, or financial statements available for public inspection. Pursuant to state law, some documents may be available to members.”

Filing and Contact Details

Filer

Filer Name
Iowa Farm Bureau Federation
EIN
42-0680721
Phone
6417536637
Address
3205 S 6TH STREET, MARSHALLTOWN, IA 50158
Doing Business As
Marshall County Farm Bureau

Signing Officer

Name
George Baitinger
Title
President
Phone
6414853635
Signed
2024-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Baitinger
Formed
1916
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
22

Preparer

Firm
Gardinercompany Pc
Address
10555 NEW YORK AVE, DES MOINES, IA 50322
Preparer
Max N Studer CPA
Phone
5152701446
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“The Company has various programs that are aimed at providing information to members on current agricultural issues through newsletters, meetings, etc. 1,116 members were benefitted in this manner during 2023.”

Form 990, Part XI, Line 9

“K-1 Investment income difference for cost basis investment CFBRDT, LLC Endowment Investment”

Financial Statement Notes

V 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.”

X 2

“FOOTNOTES IN FINANCIAL STATEMENTS Summary of Significant Accounting Policies In accordance with the Income Taxes Topic of FASB ASC, the Company evaluates uncertain tax benefits arising from tax positions taken or expected to be taken based on the likelihood of being sustained upon examination by applicable tax authorities. If the Company determines that a tax position is more likely than not of being sustained, it recognizes the largest amount of the arising benefit that is greater than 50 of being realized upon settlement in the financial statements. Any tax positions taken or expected to be taken that do not pass the more likely than not test, the Company establishes reserves offsetting the benefits related to such positions. Interest and penalties if any, are included in the current provision for income taxes in the Companys statements of activities and are included as a current liability in the statement of financial position. Income Tax Footnote The Company has evaluated its tax positions and has concluded that the organization had taken no uncertain tax positions that require adjustment to the financial statements nor was there any unrelated business income for the year ending December 31, 2023.”

XI 2D

“Rent and Building Expenses”

XI 4B

“Difference between K-1 endowment investment income reported on 990 for CFBRDT, LLC investment carried on the books at cost basis per GAAP.”

XII 2D

“Rent and Building Expenses”

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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0143033
IRS990/OtherAssetsTotalGrp/EOYAmt0121004
IRS990/OtherChangesInNetAssetsAmt0-25090
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0117
IRS990/OtherExpensesGrp/Desc0SPOKESMAN, DUES SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1AG COMMUNITY PROMOTION
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP ACQUISITION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/TotalAmt04670
IRS990/OtherExpensesGrp/TotalAmt12319
IRS990/OtherExpensesGrp/TotalAmt21353
IRS990/OtherExpensesGrp/TotalAmt330
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Expense Recoveries
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt056564
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt056564
IRS990/OtherRevenueTotalAmt056564
IRS990/OtherSalariesAndWagesGrp/TotalAmt067627
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt025256
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt05270
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliciesReferenceChaptersInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0George Baitinger
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt051660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt051660
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt03782
IRS990/PYContributionsGrantsAmt0997064
IRS990/PYGrantsAndSimilarPaidAmt04475
IRS990/PYInvestmentIncomeAmt027462
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt066058
IRS990/PYOtherRevenueAmt053930
IRS990/PYProgramServiceRevenueAmt049410
IRS990/PYRevenuesLessExpensesAmt0992370
IRS990/PYSalariesCompEmpBnftPaidAmt061181
IRS990/PYTotalExpensesAmt0135496
IRS990/PYTotalRevenueAmt01127866
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt020455
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt01350
IRS990/RentalIncomeOrLossGrp/RealAmt0829
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021358
IRS990/SavingsAndTempCashInvstGrp/EOYAmt028805
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt090 of membership dues came from persons, families or entities who paid dues of 132 or less in 2023.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0III-A 1
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt091732
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105803
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0197535
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01007598
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01032688
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt049690
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt024600
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0995176
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01007598
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012422
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt020582
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020582
IRS990ScheduleD/ExpensesNotReportedAmt013972
IRS990ScheduleD/ExpensesSubtotalAmt0154732
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0995176
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CFBRDT, LLC Endowment Investment
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt013716
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt013716
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0121004
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FBL DEFERRED ANNUITY INVESTMENT
IRS990ScheduleD/OtherExpensesIncludedAmt013972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherRevenueAmt013972
IRS990ScheduleD/OtherRevenuesNotIncludedAmt025090
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt013972
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt025090
IRS990ScheduleD/RevenueSubtotalAmt0150097
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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FOOTNOTES IN FINANCIAL STATEMENTS Summary of Significant Accounting Policies In accordance with the Income Taxes Topic of FASB ASC, the Company evaluates uncertain tax benefits arising from tax positions taken or expected to be taken based on the likelihood of being sustained upon examination by applicable tax authorities. If the Company determines that a tax position is more likely than not of being sustained, it recognizes the largest amount of the arising benefit that is greater than 50 of being realized upon settlement in the financial statements. Any tax positions taken or expected to be taken that do not pass the more likely than not test, the Company establishes reserves offsetting the benefits related to such positions. Interest and penalties if any, are included in the current provision for income taxes in the Companys statements of activities and are included as a current liability in the statement of financial position. Income Tax Footnote The Company has evaluated its tax positions and has concluded that the organization had taken no uncertain tax positions that require adjustment to the financial statements nor was there any unrelated business income for the year ending December 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rent and Building Expenses
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Difference between K-1 endowment investment income reported on 990 for CFBRDT, LLC investment carried on the books at cost basis per GAAP.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Rent and Building Expenses
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0V 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1X 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2XI 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3XI 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4XII 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105448
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0121004
IRS990ScheduleD/TotalBookValueProgramRltdAmt0995176
IRS990ScheduleD/TotalExpensesPerForm990Amt0154732
IRS990ScheduleD/TotalRevenuePerForm990Amt0175187
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0164069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0168704
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Company has various programs that are aimed at providing information to members on current agricultural issues through newsletters, meetings, etc. 1,116 members were benefitted in this manner during 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Any person may be a Farm Bureau member. All Farm Bureau members have the same vote and access to member benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organizations members elect the Board of Directors. In order to hold an officer position within Farm Bureau, the member must be actively engaged in farming, which must be their primary interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Decisions of the governing body subject to approval by members include setting annual membership dues and nominating voting delegates to the Iowa Farm Bureau Federation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4After the organizations CPA firm prepares the documentation and return, management reviews the documents and presents the return to all members of the governing body. Following final approval, the return is signed by an officer and submitted to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5On an annual basis, the organization requires the governing body and key employees to sign a conflicts of interest policy certification stating that they have received, read and agree to comply with the provisions set forth in the organizations conflicts of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization does not make its governing documents, conflicts of interest policy, or financial statements available for public inspection. Pursuant to state law, some documents may be available to members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7K-1 Investment income difference for cost basis investment CFBRDT, LLC Endowment Investment
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01265951
IRS990/TotalAssetsEOYAmt01260312
IRS990/TotalAssetsGrp/BOYAmt01265951
IRS990/TotalAssetsGrp/EOYAmt01260312
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013319
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0154732
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06795
IRS990/TotalLiabilitiesEOYAmt05791
IRS990/TotalLiabilitiesGrp/BOYAmt06795
IRS990/TotalLiabilitiesGrp/EOYAmt05791
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01259156
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01254521
IRS990/TotalProgramServiceRevenueAmt051660
IRS990/TotalRevenueGrp/ExclusionAmt052815
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0109053
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175187
IRS990/TotalVolunteersCnt022
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01265951
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01260312
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,260,312
Liabilities
$5,791
Net assets
$1,254,521
Revenue
$175,187
Expenses
$154,732
Net income
$20,455
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.01$1.25$0.17$0.15$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.25$0.18$0.15$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.26$1.13$0.14$0.99
2021Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.17$0.16$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.17$0.16$0.01
2019Summary only. Only limited summary data is available for this year.$0.26$0.01$0.25$0.20$0.15$0.04
2018Summary only. Only limited summary data is available for this year.$0.21$0.01$0.17$0.19$0.02
2017Summary only. Only limited summary data is available for this year.$0.23$0.01$0.18$0.18$0.00
2016Summary only. Only limited summary data is available for this year.$0.24$0.01$0.17$0.18$0.01
2015Summary only. Only limited summary data is available for this year.$0.24$0.01$0.17$0.18$0.01
2014Summary only. Only limited summary data is available for this year.$0.25$0.01$0.16$0.18$0.01
2013Summary only. Only limited summary data is available for this year.$0.26$0.01$0.15$0.17$0.02
2012Summary only. Only limited summary data is available for this year.$0.28$0.00$0.14$0.14$0.00
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$0.13$0.12$0.00