Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0680736 • 501(c)5 • Waverly, IA

Profile

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

PO Box 615 2018 E Bremer AveWaverly, IA 50677

n/A

Siviq Scores

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

Liabilities / Assets

50th percentile

0.01x

Higher debt load relative to assets than 50% of similar nonprofits.

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

Liabilities / Revenue

72nd percentile

0.07x

Higher debt load relative to revenue than 72% of similar nonprofits.

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

Net Margin

44th percentile

5.6%

Higher net margin than 44% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$362

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

39th percentile

2.8%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

7th percentile

-17%

Faster revenue growth than 7% of similar nonprofits.

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

Assets

Up

$1,562,966

Up $42,635 (+2.8%) from 2023

Liabilities

Up

$11,184

Up $6,199 (+124%) from 2023

Net Assets

Up

$1,551,782

Up $36,436 (+2.4%) from 2023

Revenue

Down

$168,125

Down $34,321 (-17%) from 2023

Expenses

Down

$158,732

Down $23,148 (-13%) from 2023

Net Income

Down

$9,393

Down $11,173 (-54%) 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: $453,449Liabilities 2011: $1142011Assets 2012: $445,599Liabilities 2012: $3,8902012Assets 2013: $473,524Liabilities 2013: $10,6882013Assets 2014: $489,804Liabilities 2014: $4,5242014Assets 2015: $506,990Liabilities 2015: $4,666Net Assets 2015: $502,3242015Assets 2016: $548,601Liabilities 2016: $4,710Net Assets 2016: $543,8912016Assets 2017: $534,474Liabilities 2017: $4,214Net Assets 2017: $530,2602017Assets 2018: $519,339Liabilities 2018: $4,837Net Assets 2018: $514,5022018Assets 2019: $509,764Liabilities 2019: $3,263Net Assets 2019: $506,5012019Assets 2020: $533,543Liabilities 2020: $3,928Net Assets 2020: $529,6152020Assets 2021: $582,081Liabilities 2021: $3,504Net Assets 2021: $578,5772021Assets 2022: $1,490,805Liabilities 2022: $5,233Net Assets 2022: $1,485,5722022Assets 2023: $1,520,331Liabilities 2023: $4,985Net Assets 2023: $1,515,3462023Assets 2024: $1,562,966Liabilities 2024: $11,184Net Assets 2024: $1,551,7822024

Highlighted filing

2024

Assets$1,562,966
Liabilities$11,184
Net Assets$1,551,782

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $170,643Expenses 2011: $179,951Net Income 2011: -$9,3082011Revenue 2012: $187,073Expenses 2012: $202,235Net Income 2012: -$15,1622012Revenue 2013: $198,309Expenses 2013: $205,486Net Income 2013: -$7,1772013Revenue 2014: $192,883Expenses 2014: $205,633Net Income 2014: -$12,7502014Revenue 2015: $170,703Expenses 2015: $165,237Net Income 2015: $5,4662015Revenue 2016: $177,300Expenses 2016: $179,489Net Income 2016: -$2,1892016Revenue 2017: $167,977Expenses 2017: $163,874Net Income 2017: $4,1032017Revenue 2018: $174,737Expenses 2018: $165,976Net Income 2018: $8,7612018Revenue 2019: $167,390Expenses 2019: $162,287Net Income 2019: $5,1032019Revenue 2020: $187,880Expenses 2020: $160,836Net Income 2020: $27,0442020Revenue 2021: $247,750Expenses 2021: $180,944Net Income 2021: $66,8062021Revenue 2022: $1,183,601Expenses 2022: $199,567Net Income 2022: $984,0342022Revenue 2023: $202,446Expenses 2023: $181,880Net Income 2023: $20,5662023Revenue 2024: $168,125Expenses 2024: $158,732Net Income 2024: $9,3932024

Highlighted filing

2024

Revenue$168,125
Expenses$158,732
Net Income$9,393

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.01$1.55$0.17$0.16$0.01
2023Summary only. Only limited summary data is available for this year.$1.52$0.00$1.52$0.20$0.18$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.01$1.49$1.18$0.20$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.25$0.18$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$0.19$0.16$0.03
2019Summary only. Only limited summary data is available for this year.$0.51$0.00$0.51$0.17$0.16$0.01
2018Summary only. Only limited summary data is available for this year.$0.52$0.00$0.51$0.17$0.17$0.01
2017Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.17$0.16$0.00
2016Summary only. Only limited summary data is available for this year.$0.55$0.00$0.54$0.18$0.18$0.00
2015Summary only. Only limited summary data is available for this year.$0.51$0.00$0.50$0.17$0.17$0.01
2014Summary only. Only limited summary data is available for this year.$0.49$0.00$0.19$0.21$0.01
2013Summary only. Only limited summary data is available for this year.$0.47$0.01$0.20$0.21$0.01
2012Summary only. Only limited summary data is available for this year.$0.45$0.00$0.19$0.20$0.02
2011Summary only. Only limited summary data is available for this year.$0.45$0.00$0.17$0.18$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
$336,165
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$995,176-
Investments Program Related$995,176--
Investments in Publicly Traded Securities$375,525$418,987▲ $43,462
Land, Buildings, and Equipment, Net$114,566$108,397▼ $6,169
Cash and Non-Interest-Bearing Accounts$29,753$33,116▲ $3,363
Accounts Receivable$5,311$7,290▲ $1,979
Total Assets$1,520,331$1,562,966▲ $42,635
Liabilities
Accounts Payable and Accrued Expenses$4,985$11,184▲ $6,199
Total Liabilities$4,985$11,184▲ $6,199
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$520,170$1,551,782▲ $1,031,612
Net Assets With Donor Restrictions$995,176--
Total Net Assets Fund Balance$1,515,346$1,551,782▲ $36,436
Total Liabilities and Net Assets / Fund Balance$1,520,331$1,562,966▲ $42,635

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$81,572$242,603$324,175
Land$21,694-$21,694
Equipment$5,131$15,033$20,164
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
Luke SchuldtFormer Voting Delegate (10/24)$362$362
Jennifer DemuthSecretary$287$287
Clint MunkVoting Delegate$100$100
Kevin MeyerTreasurer$50$50

Board Members and Trustees

NameTitle
Carissa ButtjerPresident
Cody MeisterVice President
Bruce MuellerDirector
Keith KuhlmannDirector
Mark LeniusDirector
Mark MillerDirector
Nick TiedtDirector
Steve YungtumDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$25,566
Program Service Revenue
$84,330
Investment Income
$48,746
Other Revenue
$9,483
Change in Net Assets
$9,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,703
Salaries, Compensation, and Employee Benefits$47,157
Grants and Similar Amounts Paid$17,872
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$41,228
Other Salaries and Wages$0$0$0$38,765
Office Expenses$0$0$0$19,132
Grants to Domestic Orgs$0--$15,372
Fees for Services Other$0$0$0$6,493
Conferences and Meetings$0$0$0$4,277
Other Employee Benefits$0$0$0$4,167
Fees for Service Investment Mgmnt Fees$0$0$0$4,156
Payroll Taxes$0$0$0$3,426
Grants to Domestic Individuals$0--$2,500
Fees for Services Accounting$0$0$0$2,452
Travel$0$0$0$2,410
Advertising$0$0$0$2,111
Depreciation Depletion$0$0$0$1,920
Fees for Services Management$0$0$0$1,874
Insurance$0$0$0$916
Current Officers, Directors, Trustees, and Key Employees$0$0$0$799
Other Expenses$0$0$0$350
Total Functional Expenses$0$0$0$158,732
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bremer County Fair AssociationSumner, IA501(c)(3)General donation$10,000
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
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
42-0680736
Phone
3193523667
Address
PO Box 615 2018 E Bremer Ave, Waverly, IA 50677
Doing Business As
Bremer County Farm Bureau

Signing Officer

Name
Kevin Meyer
Title
Treasurer
Phone
3193523667
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Meyer
Formed
1918
Legal Domicile
Ia
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
17

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 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 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 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.

Other

Part III, Line 4a - Public Policy - Resources are used to invite members to engage in the policy development process. The members were invited to fill out the opinionnaire, following those results, the committee developed the proposed resolutions, which were presented at the annual meeting in July. The board hosted a pre-session meeting with legislators, attended Farm Bureau Capitol days to lobby for policy. Many board members contacted state senators and representatives on Farm Bureau policy.

Other

Part III, Line 4b - Education and AITC - The company employs an Ag in the Classroom Coordinator who reached approximately 6,000 students during the school year to teach them about agriculture. A scholarship committee was formed that developed guidelines, accepted and reviewed applications, and awarded five scholarships. The company provided members children $10 towards the 4-H dues.

Other

Part III, Line 4c - Public Relations - The company co-sponsored Crop Days in Waverly along with the agents. Several board members attended, and the company helped sponsor the food for the event. A sweet corn and watermelon feed was sponsored by the Farm Bureau during the local fair. A childrens Demolition Derby was also held at the Bremer County Fair. Nearly all board members participated in these activities. The organization sponsors planting and harvest radio promotions. They also utilize social media to promote Farm Bureau and agriculture. During May, in honor of Beef Month, the company sponsored four beef bundle giveaways. The public responded to a quiz of beef information to qualify for the drawing. During October, in honor of Pork Month, the company sponsored four pork giveaways. The public responded to a quiz of pork information to qualify for the drawing.

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/PersonNm1Cody Meister
IRS990/Form990PartVIISectionAGrp/PersonNm2Jennifer Demuth
IRS990/Form990PartVIISectionAGrp/PersonNm3Kevin Meyer
IRS990/Form990PartVIISectionAGrp/PersonNm4Clint Munk
IRS990/Form990PartVIISectionAGrp/PersonNm5Luke Schuldt
IRS990/Form990PartVIISectionAGrp/PersonNm6Keith Kuhlmann
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Lenius
IRS990/Form990PartVIISectionAGrp/PersonNm8Mark Miller
IRS990/Form990PartVIISectionAGrp/PersonNm9Bruce Mueller
IRS990/Form990PartVIISectionAGrp/PersonNm10Nick Tiedt
IRS990/Form990PartVIISectionAGrp/PersonNm11Steve Yungtum
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Voting Delegate
IRS990/Form990PartVIISectionAGrp/TitleTxt5Former Voting Delegate (10/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
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IRS990/PrincipalOfficerNm0Kevin Meyer
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0Part III-A, Line 1. 90% of dues came from persons, families, or entities who paid annual dues of $140 or less in 2024. See Rev. Proc. 2023-34.
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CFBRDT, LLC
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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General donation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Bremer County Fair Association
IRS990ScheduleI/RecipientTable/RecipientEIN0421335128
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02771 150th Street
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant requests are accepted from non-profit organizations that are aligned with the mission and goals of the Bremer County Farm Bureau. Disbursements of funds is approved by the Board of Directors. Monitoring of awarded grants may include one or more of the following: a site visit to grant recipient, phone contact or file notes.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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