Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0681039 • 501(c)5 • Le Mars, IA

Profile

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

28 2nd Ave SWLe Mars, IA 51031

n/A

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

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

Liabilities / Revenue

43rd percentile

0.01x

Higher debt load relative to revenue than 43% of similar nonprofits.

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

Net Margin

63rd percentile

13%

Higher net margin than 63% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$80

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.1% 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

76th percentile

16%

Faster revenue growth than 76% of similar nonprofits.

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

Assets

Up

$1,387,532

Up $29,105 (+2.1%) from 2023

Liabilities

Down

$850

Down $1,995 (-70%) from 2023

Net Assets

Up

$1,386,682

Up $31,100 (+2.3%) from 2023

Revenue

Up

$129,547

Up $17,870 (+16%) from 2023

Expenses

Up

$112,100

Up $12,875 (+13%) from 2023

Net Income

Up

$17,447

Up $4,995 (+40%) 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: $250,589Liabilities 2011: $10,8792011Assets 2012: $252,937Liabilities 2012: $2,3852012Assets 2013: $265,461Liabilities 2013: $3,7192013Assets 2014: $277,455Liabilities 2014: $3,6742014Assets 2015: $292,939Liabilities 2015: $4,5082015Assets 2016: $309,863Liabilities 2016: $3,4032016Assets 2017: $336,064Liabilities 2017: $3,1002017Assets 2018: $348,065Liabilities 2018: $12,2392018Assets 2019: $352,341Liabilities 2019: $1,6242019Assets 2020: $371,964Liabilities 2020: $2,1162020Assets 2021: $377,220Liabilities 2021: $4,747Net Assets 2021: $372,4732021Assets 2022: $1,348,903Liabilities 2022: $7,253Net Assets 2022: $1,341,6502022Assets 2023: $1,358,427Liabilities 2023: $2,845Net Assets 2023: $1,355,5822023Assets 2024: $1,387,532Liabilities 2024: $850Net Assets 2024: $1,386,6822024

Highlighted filing

2024

Assets$1,387,532
Liabilities$850
Net Assets$1,386,682

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $136,227Expenses 2011: $138,010Net Income 2011: -$1,7832011Revenue 2012: $120,932Expenses 2012: $110,090Net Income 2012: $10,8422012Revenue 2013: $123,086Expenses 2013: $111,896Net Income 2013: $11,1902013Revenue 2014: $130,870Expenses 2014: $117,750Net Income 2014: $13,1202014Revenue 2015: $133,475Expenses 2015: $116,784Net Income 2015: $16,6912015Revenue 2016: $137,390Expenses 2016: $121,613Net Income 2016: $15,7772016Revenue 2017: $140,946Expenses 2017: $118,911Net Income 2017: $22,0352017Revenue 2018: $139,391Expenses 2018: $129,833Net Income 2018: $9,5582018Revenue 2019: $135,249Expenses 2019: $127,469Net Income 2019: $7,7802019Revenue 2020: $133,755Expenses 2020: $121,254Net Income 2020: $12,5012020Revenue 2021: $132,941Expenses 2021: $122,406Net Income 2021: $10,5352021Revenue 2022: $1,118,927Expenses 2022: $131,383Net Income 2022: $987,5442022Revenue 2023: $111,677Expenses 2023: $99,225Net Income 2023: $12,4522023Revenue 2024: $129,547Expenses 2024: $112,100Net Income 2024: $17,4472024

Highlighted filing

2024

Revenue$129,547
Expenses$112,100
Net Income$17,447

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.00$1.39$0.13$0.11$0.02
2023Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$0.11$0.10$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.01$1.34$1.12$0.13$0.99
2021Summary only. Only limited summary data is available for this year.$0.38$0.00$0.37$0.13$0.12$0.01
2020Summary only. Only limited summary data is available for this year.$0.37$0.00$0.13$0.12$0.01
2019Summary only. Only limited summary data is available for this year.$0.35$0.00$0.14$0.13$0.01
2018Summary only. Only limited summary data is available for this year.$0.35$0.01$0.14$0.13$0.01
2017Summary only. Only limited summary data is available for this year.$0.34$0.00$0.14$0.12$0.02
2016Summary only. Only limited summary data is available for this year.$0.31$0.00$0.14$0.12$0.02
2015Summary only. Only limited summary data is available for this year.$0.29$0.00$0.13$0.12$0.02
2014Summary only. Only limited summary data is available for this year.$0.28$0.00$0.13$0.12$0.01
2013Summary only. Only limited summary data is available for this year.$0.27$0.00$0.12$0.11$0.01
2012Summary only. Only limited summary data is available for this year.$0.25$0.00$0.12$0.11$0.01
2011Summary only. Only limited summary data is available for this year.$0.25$0.01$0.14$0.14$0.00
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
$1,134,942
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-$995,176-
Investments in Publicly Traded Securities$154,362$218,241▲ $63,879
Cash and Non-Interest-Bearing Accounts$156,413$73,810▼ $82,603
Land, Buildings, and Equipment, Net$53,266$49,116▼ $4,150
Savings and Temporary Cash Investments$10,032$10,098▲ $66
Accounts Receivable$3,147$2,462▼ $685
Total Assets$377,220$1,348,903▲ $971,683
Liabilities
Accounts Payable and Accrued Expenses$4,747$7,253▲ $2,506
Total Liabilities$4,747$7,253▲ $2,506
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$372,473$1,341,650▲ $969,177
Total Net Assets Fund Balance$372,473$1,341,650▲ $969,177
Total Liabilities and Net Assets / Fund Balance$377,220$1,348,903▲ $971,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,163$107,940$142,103
Land$14,614-$14,614
Equipment$339$1,527$1,866
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
Brad HarveyDirector$150$150
Tyler MeyerSecretary/Treasurer$80$80
Andrew SchroederPresident$40$40
Ben JohnsonVoting Delegate$40$40
Justin PlendlVice President$40$40
Adam SchmidtFormer Director (10/22)$40$40
Bryan SchroederDirector$40$40
Keaton KoerselmanDirector$40$40
Mark LoutschDirector$40$40
Steven HillrichsDirector$40$40

Board Members and Trustees

NameTitle
Leah Ten NapelDirector
Roger LoutschDirector
Shirley McNaughtonDirector
Gail SchilmoellerDirector (11/22)
Daniel AhlersFormer Director (10/22)
Joe RottaFormer Director (10/22)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,024,684
Program Service Revenue
$77,760
Investment Income
$7,310
Other Revenue
$9,173
All Other Contributions
$2,338
Change in Net Assets
$987,544
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,542
Salaries, Compensation, and Employee Benefits$30,143
Grants and Similar Amounts Paid$9,698
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$42,768
Other Salaries and Wages$0$0$0$27,280
Conferences and Meetings$0$0$0$20,802
Grants to Domestic Orgs$0--$7,698
Office Expenses$0$0$0$5,108
Advertising$0$0$0$3,064
Travel$0$0$0$2,900
Fees for Services Accounting$0$0$0$2,194
Payroll Taxes$0$0$0$2,136
Grants to Domestic Individuals$0--$2,000
Fees for Services Management$0$0$0$1,944
Insurance$0$0$0$1,031
Other Expenses$0$0$0$554
Current Officers, Directors, Trustees, and Key Employees$0$0$0$550
Other Employee Benefits$0$0$0$177
Depreciation Depletion$0$0$0$113
Occupancy$0$0$0$80
Total Functional Expenses$0$0$0$131,383
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
42-0681039
Phone
7125468828
Address
28 2nd Ave SW, Le Mars, IA 51031
Doing Business As
Plymouth County Farm Bureau

Signing Officer

Name
Tyler Meyer
Title
Treasurer
Phone
7125468828
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1918
Legal Domicile
Ia
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
17

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.

Other

Part III, Line 4a - Public Policy - The Organization values the opinions of members on all issues related to agriculture. Each fall members are asked for input on the topics the organization should be working on to support agriculture. Members are then given an opportunity to view all issues statewide and indicate which issues they see as a priority. The membership is asked for their opinions on issues that are important to them in a March survey developed and provided by the Organization. The Board of Directors uses this information to come up with policy for the Organization. The Organization advises members of Town Hall meetings in our area and encourages our members to attend. Policy was reported on at the Organization's Annual Meeting on September 6, 2022.

Other

Part III, Line 4b - Ag in the Classroom - The Organization supports higher education by offering scholarships to Farm Bureau members children that are further their education beyond high school. The Organization provides books and resources that focus on agriculture and its value to consumers to local libraires. The Organization also provides resources and support to local ag youth groups such as FFA and 4-H, impacting approximately 100-150 local youth. The groups use the support for enhancing their programming. The Organization also supports a local partnership that focuses on Ag in The Classroom efforts in the area. Hundreds of students and teachers are provided ag lessons, activities, and resources to enhance their understanding of the value and importance of agriculture in their everyday lives.

Other

Part III, Line 4c - Outreach - The Organization is a major supporter of the county fair and through sponsorships and support of fair activities, thousands of county, and out of county residents are exposed to the Organization's brand and messaging each year. The Board of Directors annually donates to the county food pantries as well as a local toy drive to support those in need. The Organization also purchases print advertising for National FFA Week. During National Ag week, the Organization purchases radio ads and trivia questions are asked twice a day on a local radio station. The Organization also works with other local media outlets to promote agriculture through advertising and messaging.

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 502 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/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Former Director (10/22)
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director (11/22)
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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 $124 or less in 2022. See Rev. Proc. 2021-45
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0CFBRDT, LLC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Any person may be a Farm Bureau member. All Farm Bureau members have the same vote and access to member benefits.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions of the governing body subject to approval by members include setting annual membership dues and nominating voting delegates to the Iowa Farm Bureau Federation.

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