Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
EIN 42-0681036 • 501(c)5 • Humboldt, IA
Profile
To create a vibrant future for agriculture, farm families and their communities.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
43rd percentile
Higher debt load relative to assets than 43% of similar nonprofits.
Liabilities / Revenue
59th percentile
Higher debt load relative to revenue than 59% of similar nonprofits.
Net Margin
81st percentile
Higher net margin than 81% of similar nonprofits.
Top Officer Pay
67th percentile
Higher top officer pay than 67% of similar nonprofits.
Top officer pay equals 0.4% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
43rd percentile
Faster revenue growth than 43% of similar nonprofits.
Assets
Up$1,370,282
Up $37,649 (+2.8%) from 2023
Liabilities
Down$4,455
Down $197 (-4.2%) from 2023
Net Assets
Up$1,365,827
Up $37,846 (+2.8%) from 2023
Revenue
Up$134,549
Up $5,553 (+4.3%) from 2023
Expenses
Down$102,301
Down $3,627 (-3.4%) from 2023
Net Income
Up$32,248
Up $9,180 (+40%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Schedule O
To create a vibrant future for agriculture, farm families and their communities.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $1,242,794 | $1,252,158 | ▲ $9,364 |
| Investments in Publicly Traded Securities | $52,831 | $62,917 | ▲ $10,086 |
| Savings and Temporary Cash Investments | $29,175 | $50,351 | ▲ $21,176 |
| Accounts Receivable | $7,833 | $4,856 | ▼ $2,977 |
| Land, Buildings, and Equipment, Net | $0 | $0 | → $0 |
| Total Assets | $1,332,633 | $1,370,282 | ▲ $37,649 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $4,652 | $4,455 | ▼ $197 |
| Total Liabilities | $4,652 | $4,455 | ▼ $197 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,327,981 | $1,365,827 | ▲ $37,846 |
| Total Net Assets Fund Balance | $1,327,981 | $1,365,827 | ▲ $37,846 |
| Total Liabilities and Net Assets / Fund Balance | $1,332,633 | $1,370,282 | ▲ $37,649 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $0 | $1,749 | $1,749 |
| Land | $0 | - | - |
| Other Securities | $995,176 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 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 |
| Name | Title | Other | Total |
|---|---|---|---|
| Doug Adams | Secretary | $55 | $55 |
| Brent Naeve | Director | $55 | $55 |
| Cody Allen | Vice President | $45 | $45 |
| Jon Sampson | Treasurer | $45 | $45 |
| Kyle Larsen | Voting Delegate | $45 | $45 |
| Miles Nostrom | President | $45 | $45 |
| Clint Hartmann | Director | $45 | $45 |
| Joel Rasmussen | Director | $45 | $45 |
| Nick Bowden | Director | $45 | $45 |
| Nick Torkelson | Director | $45 | $45 |
| Norman Olson | Former Director (10/24) | $45 | $45 |
| Ryan Nielsen | Director | $45 | $45 |
| Name | Title |
|---|---|
| Travis Pederson | Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $50,128 |
| Salaries, Compensation, and Employee Benefits | $48,293 |
| Grants and Similar Amounts Paid | $3,880 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $0 | $0 | $0 | $42,916 |
| Payments to Affiliates | $0 | $0 | $0 | $26,026 |
| Conferences and Meetings | $0 | $0 | $0 | $5,577 |
| Occupancy | $0 | $0 | $0 | $4,200 |
| Payroll Taxes | $0 | $0 | $0 | $3,423 |
| Office Expenses | $0 | $0 | $0 | $3,395 |
| Travel | $0 | $0 | $0 | $3,122 |
| Grants to Domestic Individuals | $0 | - | - | $2,400 |
| Grants to Domestic Orgs | $0 | - | - | $1,480 |
| Fees for Services Accounting | $0 | $0 | $0 | $1,433 |
| Other Employee Benefits | $0 | $0 | $0 | $1,394 |
| Fees for Services Management | $0 | $0 | $0 | $1,183 |
| Other Expenses | $0 | $0 | $0 | $946 |
| Insurance | $0 | $0 | $0 | $619 |
| Current Officers, Directors, Trustees, and Key Employees | $0 | $0 | $0 | $560 |
| Advertising | $0 | $0 | $0 | $511 |
| Fees for Service Investment Mgmnt Fees | $0 | $0 | $0 | $65 |
| Total Functional Expenses | $0 | $0 | $0 | $102,301 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“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.”
“The organizations members elect the Board of Directors.”
“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.”
“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.”
“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.”
“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.”
“Part III, Line 4a - Public Policy - Promoted the issue surfacing and issue prioritization process by getting grassroots members to participate through electronic surveys. Board members used member input to develop policy positions, followed by the organizations voting delegate representing the County Farm Bureaus policy position at the Summer Policy Adoption Conference. Volunteers met with elected officials at the state, national, and local level to promote agriculture and advocate for the advancement of issues important to members. The board met with the County Board of Supervisors and other local officials to discuss the importance of agriculture and improving the condition of the county. Members educated and advocated Farm Bureau policy to the County Board of Supervisors. Board members responded to call-to-action emails encouraging the advancement of member policy to their legislators. Volunteers attended a Day at the Capitol to meet lawmakers and keep member policy a priority.”
“Part III, Line 4b - Education - Promoted scholarship opportunities to members, awarding scholarships to high school seniors. The Company promoted resources and grant opportunities to local teachers. The organization advertised or sponsored members to attend various Iowa Farm Bureau conferences. Advocated for attendance at the Young Farmer Conference to engage the next generation in leadership development, educational opportunities, and involvement in our policy process. The county has an advanced Agriculture in the Classroom program. Students from school districts in the County participated. The Countys Agriculture in the Classroom Coordinator reached hundreds of students across the countys schools, providing more than a dozen lessons in each participating classroom by direction from the board. Participated in monthly educational activities such as, Beef Month in May. Board member volunteers provided hands-on education to third graders on farm equipment safety during Safety Day Camp.”
“Part III, Line 4c - Public Relations - Organized a promotion to support local food pantries during National Agriculture Week in March through an activity called Cram the Cab, sending monetary donations and goods to the food banks. Sponsored multiple radio segments on agriculture, including an agriculture trivia contest. Sponsored County Fair package to impact community fairgoer experience interacting with local agriculture. Donated wood-chip bedding to participants with livestock in the County Fair. The company hosted an annual meeting and appreciation event attended by hundreds.”
“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.”
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/DelegationOfMgmtDutiesInd | 0 | false |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
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| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 62917 |
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| IRS990/MissionDesc | 0 | To create a vibrant future for agriculture, farm families and their communities. |
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| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 1365827 |
| IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt | 0 | 4113 |
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| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 4113 |
| IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 5598 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 1327981 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1365827 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/FundraisingAmt | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 4200 |
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| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 3395 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
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| IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 1394 |
| IRS990/OtherExpensesGrp/Desc | 0 | Dues and subscriptions |
| IRS990/OtherExpensesGrp/Desc | 1 | Membership acquisition |
| IRS990/OtherExpensesGrp/Desc | 2 | Other program services |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 2651 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 400 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 946 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Expense Recoveries |
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| IRS990/OtherRevenueTotalAmt | 0 | 22664 |
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| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 42916 |
| IRS990/PartialLiquidationInd | 0 | false |
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| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 26026 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
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| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | Miles Nostrom |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 813910 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Membership Dues |
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| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | See Schedule O. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | See Schedule O. |
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| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 3200 |
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| IRS990/PYTotalRevenueAmt | 0 | 128996 |
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| IRS990/ReportInvestmentsOtherSecInd | 0 | true |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | true |
| IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt | 0 | Part 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. |
| IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt | 0 | 161 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1035200 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 1065494 |
| IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 55670 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | 25215 |
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| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 1006715 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 1035200 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt | 0 | 53223 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | 24600 |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | FBL Deferred Annuity |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | CFBRDT, LLC |
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| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt V, Line 4 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 1252158 |
| IRS990/ScheduleJRequiredInd | 0 | false |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The organizations members elect the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Part III, Line 4a - Public Policy - Promoted the issue surfacing and issue prioritization process by getting grassroots members to participate through electronic surveys. Board members used member input to develop policy positions, followed by the organizations voting delegate representing the County Farm Bureaus policy position at the Summer Policy Adoption Conference. Volunteers met with elected officials at the state, national, and local level to promote agriculture and advocate for the advancement of issues important to members. The board met with the County Board of Supervisors and other local officials to discuss the importance of agriculture and improving the condition of the county. Members educated and advocated Farm Bureau policy to the County Board of Supervisors. Board members responded to call-to-action emails encouraging the advancement of member policy to their legislators. Volunteers attended a Day at the Capitol to meet lawmakers and keep member policy a priority. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Part III, Line 4b - Education - Promoted scholarship opportunities to members, awarding scholarships to high school seniors. The Company promoted resources and grant opportunities to local teachers. The organization advertised or sponsored members to attend various Iowa Farm Bureau conferences. Advocated for attendance at the Young Farmer Conference to engage the next generation in leadership development, educational opportunities, and involvement in our policy process. The county has an advanced Agriculture in the Classroom program. Students from school districts in the County participated. The Countys Agriculture in the Classroom Coordinator reached hundreds of students across the countys schools, providing more than a dozen lessons in each participating classroom by direction from the board. Participated in monthly educational activities such as, Beef Month in May. Board member volunteers provided hands-on education to third graders on farm equipment safety during Safety Day Camp. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Part III, Line 4c - Public Relations - Organized a promotion to support local food pantries during National Agriculture Week in March through an activity called Cram the Cab, sending monetary donations and goods to the food banks. Sponsored multiple radio segments on agriculture, including an agriculture trivia contest. Sponsored County Fair package to impact community fairgoer experience interacting with local agriculture. Donated wood-chip bedding to participants with livestock in the County Fair. The company hosted an annual meeting and appreciation event attended by hundreds. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 7a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 7b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
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