Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0684990 • 501(c)5 • Adel, IA

Profile

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

112 Nile Kinnick Dr SAdel, IA 50003-0218

n/A

Siviq Scores

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

Liabilities / Assets

44th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.02x

Higher debt load relative to revenue than 55% of similar nonprofits.

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

Net Margin

42nd percentile

4.5%

Higher net margin than 42% of similar nonprofits.

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

Top Officer Pay

23rd percentile

$330

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

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

Asset Growth

29th percentile

0.5%

Faster asset growth than 29% of similar nonprofits.

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

Revenue Growth

61st percentile

9.3%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Up

$1,487,287

Up $6,675 (+0.5%) from 2023

Liabilities

Down

$5,154

Down $4,055 (-44%) from 2023

Net Assets

Up

$1,482,133

Up $10,730 (+0.7%) from 2023

Revenue

Up

$236,027

Up $19,998 (+9.3%) from 2023

Expenses

Down

$225,297

Down $4,523 (-2.0%) from 2023

Net Income

Up

$10,730

Up $24,521 (+178%) 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: $426,656Liabilities 2011: $2,3562011Assets 2012: $456,682Liabilities 2012: $4,1832012Assets 2013: $472,088Liabilities 2013: $4,7102013Assets 2014: $482,838Liabilities 2014: $11,4162014Assets 2015: $491,102Liabilities 2015: $8,644Net Assets 2015: $482,4582015Assets 2016: $499,242Liabilities 2016: $3,266Net Assets 2016: $495,9762016Assets 2017: $501,329Liabilities 2017: $4,268Net Assets 2017: $497,0612017Assets 2018: $495,100Liabilities 2018: $3,759Net Assets 2018: $491,3412018Assets 2019: $493,435Liabilities 2019: $8,748Net Assets 2019: $484,6872019Assets 2020: $505,646Liabilities 2020: $5,890Net Assets 2020: $499,7562020Assets 2021: $510,408Liabilities 2021: $4,968Net Assets 2021: $505,4402021Assets 2022: $1,494,787Liabilities 2022: $9,593Net Assets 2022: $1,485,1942022Assets 2023: $1,480,612Liabilities 2023: $9,209Net Assets 2023: $1,471,4032023Assets 2024: $1,487,287Liabilities 2024: $5,154Net Assets 2024: $1,482,1332024

Highlighted filing

2024

Assets$1,487,287
Liabilities$5,154
Net Assets$1,482,133

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $186,133Expenses 2011: $160,577Net Income 2011: $25,5562011Revenue 2012: $181,738Expenses 2012: $153,539Net Income 2012: $28,1992012Revenue 2013: $181,395Expenses 2013: $166,516Net Income 2013: $14,8792013Revenue 2014: $183,294Expenses 2014: $179,250Net Income 2014: $4,0442014Revenue 2015: $195,817Expenses 2015: $184,781Net Income 2015: $11,0362015Revenue 2016: $180,939Expenses 2016: $167,421Net Income 2016: $13,5182016Revenue 2017: $185,175Expenses 2017: $184,090Net Income 2017: $1,0852017Revenue 2018: $187,489Expenses 2018: $193,209Net Income 2018: -$5,7202018Revenue 2019: $191,621Expenses 2019: $198,275Net Income 2019: -$6,6542019Revenue 2020: $193,481Expenses 2020: $178,412Net Income 2020: $15,0692020Revenue 2021: $196,126Expenses 2021: $190,442Net Income 2021: $5,6842021Revenue 2022: $1,197,770Expenses 2022: $218,016Net Income 2022: $979,7542022Revenue 2023: $216,029Expenses 2023: $229,820Net Income 2023: -$13,7912023Revenue 2024: $236,027Expenses 2024: $225,297Net Income 2024: $10,7302024

Highlighted filing

2024

Revenue$236,027
Expenses$225,297
Net Income$10,730

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.01$1.48$0.24$0.23$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.48$0.01$1.47$0.22$0.23$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.01$1.49$1.20$0.22$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.00$0.51$0.20$0.19$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.51$0.01$0.50$0.19$0.18$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.01$0.48$0.19$0.20$0.01
2018Summary only. Only limited summary data is available for this year.$0.50$0.00$0.49$0.19$0.19$0.01
2017Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.19$0.18$0.00
2016Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.18$0.17$0.01
2015Summary only. Only limited summary data is available for this year.$0.49$0.01$0.48$0.20$0.18$0.01
2014Summary only. Only limited summary data is available for this year.$0.48$0.01$0.18$0.18$0.00
2013Summary only. Only limited summary data is available for this year.$0.47$0.00$0.18$0.17$0.01
2012Summary only. Only limited summary data is available for this year.$0.46$0.00$0.18$0.15$0.03
2011Summary only. Only limited summary data is available for this year.$0.43$0.00$0.19$0.16$0.03
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
$1,221,268
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$413,502$1,417,361▲ $1,003,859
Land, Buildings, and Equipment, Net$54,702$47,668▼ $7,034
Savings and Temporary Cash Investments$35,946$23,413▼ $12,533
Accounts Receivable$6,158$6,245▲ $87
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Total Assets$510,408$1,494,787▲ $984,379
Liabilities
Accounts Payable and Accrued Expenses$4,968$9,593▲ $4,625
Total Liabilities$4,968$9,593▲ $4,625
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$505,440$1,485,194▲ $979,754
Total Net Assets Fund Balance$505,440$1,485,194▲ $979,754
Total Liabilities and Net Assets / Fund Balance$510,408$1,494,787▲ $984,379

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$29,664$182,731$212,395
Equipment$6,958$15,639$22,597
Land$11,046-$11,046
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
Kara SchreckPresident$475$475
Kurt KeeranDirector$30$30
Kelcey HickVice President$20$20
Peter WicksDirector$20$20
Rod CollinsDirector$20$20
David LuettTreasurer$10$10
Marissa AkinsSecretary$10$10
Bob TaylorDirector$10$10
Jon McClureDirector$10$10
Josh UhlmanDirector$10$10
Norman StineDirector$10$10
Tanner RoweDirector$10$10

Board Members and Trustees

NameTitle
Kate CollinsDirector (11/21)
Brandon PetersVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$1,021,487
Program Service Revenue
$119,720
Investment Income
$8,702
Other Revenue
$47,861
All Other Contributions
$961
Change in Net Assets
$979,754
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$147,907
Salaries, Compensation, and Employee Benefits$65,259
Grants and Similar Amounts Paid$4,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$65,846
Other Salaries and Wages$0$0$0$57,258
Advertising$0$0$0$21,708
Office Expenses$0$0$0$18,099
Conferences and Meetings$0$0$0$11,263
Travel$0$0$0$5,240
Payroll Taxes$0$0$0$4,648
Grants to Domestic Individuals$0--$3,500
Fees for Services Accounting$0$0$0$3,243
Fees for Services Management$0$0$0$2,993
Other Employee Benefits$0$0$0$2,718
Depreciation Depletion$0$0$0$1,722
Grants to Domestic Orgs$0--$1,350
Insurance$0$0$0$1,334
Current Officers, Directors, Trustees, and Key Employees$0$0$0$635
Other Expenses$0$0$0$102
Total Functional Expenses$0$0$0$218,016
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
42-0684990
Phone
5159934266
Address
112 Nile Kinnick Dr S, Adel, IA 50003-0218
Doing Business As
Dallas County Farm Bureau

Signing Officer

Name
Kara Schreck
Title
President
Phone
5159934266
Signed
2023-03-20
Discuss with paid preparer
Yes

Organization Details

Formed
1918
Legal Domicile
Ia
Voting Board Members
14
Independent Board Members
14
Employees
2
Volunteers
22

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 - Education - The Company spends time educating the public and youth about Iowa's agriculture and the agricultural economy. Eight college scholarships were awarded to deserving local students. The Company places great emphasis on Agriculture in the Classroom (AITC). Programs and presentations were completed in local elementary schools and with an increased use of wireless technology. The program hosted online educational videos reaching students throughout Dallas County. 4,850 students were impacted by these programs throughout Dallas County, Iowa schools.

Other

Part III, Line 4b - Public Policy - The Company functions as a grassroots support network for engaging in public policy education and communications affecting their membership. A member survey is printed and distributed to 752 members to obtain thoughts and opinions on issues affecting them on a local, state, and national level. Legislative meetings and policy education sessions were hosted for members throughout the season.

Other

Part III, Line 4c - Agriculture Promotion - The Company promoted agriculture to the general public and its members throughout the year. The Company promoted agriculture through sponsorship of local food pantries, sponsorship of events at the County Fair, and hosting a farmer thank you event that was also used as educational material for the general public on social media.

Pt VI, Line 2

Kate Collins and Rodney Collins have a family relationship.

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 488 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/PersonNm4Brandon Peters
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IRS990/Form990PartVIISectionAGrp/PersonNm10Bob Taylor
IRS990/Form990PartVIISectionAGrp/PersonNm11Josh Uhlman
IRS990/Form990PartVIISectionAGrp/PersonNm12Kate Collins
IRS990/Form990PartVIISectionAGrp/PersonNm13Jon McClure
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Voting Delegate
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director (11/21)
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IRS990/MissionDesc0To create a vibrant future for agriculture, farm families and their communities.
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Kara Schreck
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IRS990/ProgSrvcAccomActy2Grp/Desc0See Schedule O.
IRS990/ProgSrvcAccomActy3Grp/Desc0See Schedule O.
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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/Desc1CFBRDT, 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Part III, Line 4a - Education - The Company spends time educating the public and youth about Iowa's agriculture and the agricultural economy. Eight college scholarships were awarded to deserving local students. The Company places great emphasis on Agriculture in the Classroom (AITC). Programs and presentations were completed in local elementary schools and with an increased use of wireless technology. The program hosted online educational videos reaching students throughout Dallas County. 4,850 students were impacted by these programs throughout Dallas County, Iowa schools.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Part III, Line 4b - Public Policy - The Company functions as a grassroots support network for engaging in public policy education and communications affecting their membership. A member survey is printed and distributed to 752 members to obtain thoughts and opinions on issues affecting them on a local, state, and national level. Legislative meetings and policy education sessions were hosted for members throughout the season.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Part III, Line 4c - Agriculture Promotion - The Company promoted agriculture to the general public and its members throughout the year. The Company promoted agriculture through sponsorship of local food pantries, sponsorship of events at the County Fair, and hosting a farmer thank you event that was also used as educational material for the general public on social media.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Kate Collins and Rodney Collins have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other

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