Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0681390 • 501(c)5 • Fairfield, IA

Profile

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

106 N 28th St PO Box 813Fairfield, IA 52556

n/A

Siviq Scores

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

Liabilities / Assets

32nd percentile

0.00x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

46th percentile

0.01x

Higher debt load relative to revenue than 46% of similar nonprofits.

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

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$125

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

45th percentile

4.2%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

87th percentile

27%

Faster revenue growth than 87% of similar nonprofits.

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

Assets

Up

$1,711,993

Up $68,434 (+4.2%) from 2023

Liabilities

Down

$1,591

Down $1,382 (-46%) from 2023

Net Assets

Up

$1,710,402

Up $69,816 (+4.3%) from 2023

Revenue

Up

$169,632

Up $36,115 (+27%) from 2023

Expenses

Down

$129,776

Down $8,213 (-6.0%) from 2023

Net Income

Up

$39,856

Up $44,328 (+991%) 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: $307,575Liabilities 2011: $1,0252011Assets 2012: $341,232Liabilities 2012: $4,0582012Assets 2013: $408,247Liabilities 2013: $2,7582013Assets 2014: $426,442Liabilities 2014: $2,6692014Assets 2015: $415,995Liabilities 2015: $5,9292015Assets 2016: $423,150Liabilities 2016: $4,5562016Assets 2017: $470,655Liabilities 2017: $4,3622017Assets 2018: $438,709Liabilities 2018: $2,687Net Assets 2018: $436,0222018Assets 2019: $529,517Liabilities 2019: $1,786Net Assets 2019: $527,7312019Assets 2020: $591,623Liabilities 2020: $2,907Net Assets 2020: $588,7162020Assets 2021: $683,962Liabilities 2021: $245Net Assets 2021: $683,7172021Assets 2022: $1,585,954Liabilities 2022: $6,544Net Assets 2022: $1,579,4102022Assets 2023: $1,643,559Liabilities 2023: $2,973Net Assets 2023: $1,640,5862023Assets 2024: $1,711,993Liabilities 2024: $1,591Net Assets 2024: $1,710,4022024

Highlighted filing

2024

Assets$1,711,993
Liabilities$1,591
Net Assets$1,710,402

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $110,659Expenses 2011: $104,785Net Income 2011: $5,8742011Revenue 2012: $114,193Expenses 2012: $104,417Net Income 2012: $9,7762012Revenue 2013: $135,844Expenses 2013: $104,804Net Income 2013: $31,0402013Revenue 2014: $135,954Expenses 2014: $109,787Net Income 2014: $26,1672014Revenue 2015: $137,441Expenses 2015: $125,471Net Income 2015: $11,9702015Revenue 2016: $125,176Expenses 2016: $129,154Net Income 2016: -$3,9782016Revenue 2017: $130,861Expenses 2017: $121,281Net Income 2017: $9,5802017Revenue 2018: $154,669Expenses 2018: $118,660Net Income 2018: $36,0092018Revenue 2019: $125,956Expenses 2019: $95,805Net Income 2019: $30,1512019Revenue 2020: $112,062Expenses 2020: $93,039Net Income 2020: $19,0232020Revenue 2021: $158,774Expenses 2021: $88,367Net Income 2021: $70,4072021Revenue 2022: $1,130,235Expenses 2022: $114,492Net Income 2022: $1,015,7432022Revenue 2023: $133,517Expenses 2023: $137,989Net Income 2023: -$4,4722023Revenue 2024: $169,632Expenses 2024: $129,776Net Income 2024: $39,8562024

Highlighted filing

2024

Revenue$169,632
Expenses$129,776
Net Income$39,856

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.00$1.71$0.17$0.13$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.00$1.64$0.13$0.14$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.01$1.58$1.13$0.11$1.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.00$0.68$0.16$0.09$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.59$0.00$0.59$0.11$0.09$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$0.13$0.10$0.03
2018Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.15$0.12$0.04
2017Summary only. Only limited summary data is available for this year.$0.47$0.00$0.13$0.12$0.01
2016Summary only. Only limited summary data is available for this year.$0.42$0.00$0.13$0.13$0.00
2015Summary only. Only limited summary data is available for this year.$0.42$0.01$0.14$0.13$0.01
2014Summary only. Only limited summary data is available for this year.$0.43$0.00$0.14$0.11$0.03
2013Summary only. Only limited summary data is available for this year.$0.41$0.00$0.14$0.10$0.03
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.11$0.10$0.01
2011Summary only. Only limited summary data is available for this year.$0.31$0.00$0.11$0.10$0.01
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
$1,424,825
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$587,161$497,109▼ $90,052
Cash and Non-Interest-Bearing Accounts$50$41,138▲ $41,088
Savings and Temporary Cash Investments$94,243$40,930▼ $53,313
Accounts Receivable$2,508$11,601▲ $9,093
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$683,962$1,585,954▲ $901,992
Liabilities
Accounts Payable and Accrued Expenses$245$6,544▲ $6,299
Total Liabilities$245$6,544▲ $6,299
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$683,717$1,579,410▲ $895,693
Total Net Assets Fund Balance$683,717$1,579,410▲ $895,693
Total Liabilities and Net Assets / Fund Balance$683,962$1,585,954▲ $901,992

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$5,376$5,376
Land$0--
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
Justin EngwallFormer Director (10/22)$45$45

Board Members and Trustees

NameTitle
Jason SteelePresident
Ryan MetzVice President
Clay NeubauerDirector
Dean AdamDirector
Jeremy HollingsworthDirector
Joe LedgerDirector
Lynne JohnsonDirector
Melvin DiehlDirector
Tony AdrianDirector
Tony FritzDirector
Tracy DiehlDirector
Wade StremsterferDirector
Courtney BurkhalterSecretary
Jeff EngwallTreasurer
James FlinspachVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$1,021,726
Program Service Revenue
$59,940
Investment Income
$33,038
Other Revenue
$15,531
All Other Contributions
$1,200
Change in Net Assets
$1,015,743
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$97,500
Salaries, Compensation, and Employee Benefits$12,169
Grants and Similar Amounts Paid$4,823
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$29,304
Advertising$0$0$0$15,001
Conferences and Meetings$0$0$0$14,541
Other Salaries and Wages$0$0$0$10,978
Occupancy$0$0$0$10,830
Fees for Services Other$0$0$0$7,779
Travel$0$0$0$5,549
Office Expenses$0$0$0$4,446
Grants to Domestic Orgs$0--$3,823
Fees for Service Investment Mgmnt Fees$0$0$0$1,966
Fees for Services Accounting$0$0$0$1,582
Fees for Services Management$0$0$0$1,332
Other Expenses$0$0$0$1,175
Insurance$0$0$0$1,174
Grants to Domestic Individuals$0--$1,000
Payroll Taxes$0$0$0$992
Other Employee Benefits$0$0$0$154
Current Officers, Directors, Trustees, and Key Employees$0$0$0$45
Total Functional Expenses$0$0$0$114,492
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
42-0681390
Phone
6414722128
Address
106 N 28th St PO Box 813, Fairfield, IA 52556
Doing Business As
Jefferson County Farm Bureau

Signing Officer

Name
Jason Steele
Title
President
Phone
6414722128
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
30

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 - Promoted the policy development process getting over 200 members to participate through electronic surveys. Jefferson County Farm Bureau volunteers met with elected officials at a State, National, and Local level to promote agriculture and advocate for issues important to members. Issues included property tax relief, rural safety, and secondary roads.

Other

Part III, Line 4b - Education and Agriculture in the Classroom - Promoted scholarship opportunities for members awarding four scholarships to high school seniors in 2022. Sponsored local young farmer members to attend the Iowa Farm Bureau Young Farmer Conference and partnered with Southeastern Community College to offer a Collegiate Farm Bureau program to assist students with leadership development, educational opportunities in the fields of conservation and commodity markets. Hired a paid staff member to enhance the County Agriculture in the Classroom program, where students from all the public-school distrcits in Jefferson County participated. Hosted 32 high school students from Jefferson County at the Iowa State Capitol to learn about their role in local government and the impact it has on their communities. Provided Farm Safety training to youth during the local County Fair.

Other

Part III, Line 4c - Public Relations - Organized a promotion to support local food pantry's during National Agriculture Week in March and took part in marketing opportunities at farmers' markets and libraries to tell the story of agriculture. Partnered with local commodity organizations to show the economic impact of Jefferson County Agriculture. Sponsored two community programs to highlight the positive generational impact of Jefferson County Agriculture.

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.

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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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management 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/ExplanationTxt4On 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/ExplanationTxt5The 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.

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