Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0684999 • 501(c)5 • Fayette, IA

Profile

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

107 East State Street PO Box 100Fayette, IA 52142

n/A

Siviq Scores

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

Liabilities / Assets

41st percentile

0.00x

Higher debt load relative to assets than 41% 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

47th percentile

6.7%

Higher net margin than 47% of similar nonprofits.

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

Top Officer Pay

21st percentile

$40

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

30th percentile

0.8%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

36th percentile

2.4%

Faster revenue growth than 36% of similar nonprofits.

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

Assets

Up

$1,314,158

Up $10,195 (+0.8%) from 2023

Liabilities

Down

$3,304

Down $1,029 (-24%) from 2023

Net Assets

Up

$1,310,854

Up $11,224 (+0.9%) from 2023

Revenue

Up

$153,525

Up $3,589 (+2.4%) from 2023

Expenses

Down

$143,291

Down $7,988 (-5.3%) from 2023

Net Income

Up

$10,234

Up $11,577 (+862%) 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: $243,262Liabilities 2011: $7122011Assets 2012: $265,773Liabilities 2012: $2,6472012Assets 2013: $272,693Liabilities 2013: $3,5322013Assets 2014: $282,767Liabilities 2014: $7,7502014Assets 2015: $277,921Liabilities 2015: $3,6092015Assets 2016: $274,625Liabilities 2016: $4,0962016Assets 2017: $267,447Liabilities 2017: $3,4682017Assets 2018: $267,103Liabilities 2018: $3,4642018Assets 2019: $269,782Liabilities 2019: $2,4722019Assets 2020: $283,803Liabilities 2020: $3,162Net Assets 2020: $280,6412020Assets 2021: $295,028Liabilities 2021: $2,155Net Assets 2021: $292,8732021Assets 2022: $1,306,901Liabilities 2022: $6,902Net Assets 2022: $1,299,9992022Assets 2023: $1,303,963Liabilities 2023: $4,333Net Assets 2023: $1,299,6302023Assets 2024: $1,314,158Liabilities 2024: $3,304Net Assets 2024: $1,310,8542024

Highlighted filing

2024

Assets$1,314,158
Liabilities$3,304
Net Assets$1,310,854

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $179,679Expenses 2011: $167,840Net Income 2011: $11,8392011Revenue 2012: $166,966Expenses 2012: $146,390Net Income 2012: $20,5762012Revenue 2013: $172,722Expenses 2013: $165,791Net Income 2013: $6,9312013Revenue 2014: $173,144Expenses 2014: $166,010Net Income 2014: $7,1342014Revenue 2015: $167,439Expenses 2015: $166,334Net Income 2015: $1,1052015Revenue 2016: $167,162Expenses 2016: $174,930Net Income 2016: -$7,7682016Revenue 2017: $164,693Expenses 2017: $171,243Net Income 2017: -$6,5502017Revenue 2018: $166,970Expenses 2018: $167,310Net Income 2018: -$3402018Revenue 2019: $167,900Expenses 2019: $164,229Net Income 2019: $3,6712019Revenue 2020: $168,105Expenses 2020: $154,774Net Income 2020: $13,3312020Revenue 2021: $168,434Expenses 2021: $154,483Net Income 2021: $13,9512021Revenue 2022: $1,140,998Expenses 2022: $130,178Net Income 2022: $1,010,8202022Revenue 2023: $149,936Expenses 2023: $151,279Net Income 2023: -$1,3432023Revenue 2024: $153,525Expenses 2024: $143,291Net Income 2024: $10,2342024

Highlighted filing

2024

Revenue$153,525
Expenses$143,291
Net Income$10,234

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.15$0.14$0.01
2023Summary only. Only limited summary data is available for this year.$1.30$0.00$1.30$0.15$0.15$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.31$0.01$1.30$1.14$0.13$1.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.00$0.29$0.17$0.15$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.17$0.15$0.01
2019Summary only. Only limited summary data is available for this year.$0.27$0.00$0.17$0.16$0.00
2018Summary only. Only limited summary data is available for this year.$0.27$0.00$0.17$0.17$0.00
2017Summary only. Only limited summary data is available for this year.$0.27$0.00$0.16$0.17$0.01
2016Summary only. Only limited summary data is available for this year.$0.27$0.00$0.17$0.17$0.01
2015Summary only. Only limited summary data is available for this year.$0.28$0.00$0.17$0.17$0.00
2014Summary only. Only limited summary data is available for this year.$0.28$0.01$0.17$0.17$0.01
2013Summary only. Only limited summary data is available for this year.$0.27$0.00$0.17$0.17$0.01
2012Summary only. Only limited summary data is available for this year.$0.27$0.00$0.17$0.15$0.02
2011Summary only. Only limited summary data is available for this year.$0.24$0.00$0.18$0.17$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
May 2, 2023
Return Version
2022v5.0
Gross Receipts
$1,156,655
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$200,859$1,209,721▲ $1,008,862
Cash and Non-Interest-Bearing Accounts$29,669$39,542▲ $9,873
Land, Buildings, and Equipment, Net$37,080$31,902▼ $5,178
Savings and Temporary Cash Investments$15,000$15,044▲ $44
Investments in Publicly Traded Securities$8,738$5,624▼ $3,114
Accounts Receivable$3,681$5,068▲ $1,387
Total Assets$295,027$1,306,901▲ $1,011,874
Liabilities
Accounts Payable and Accrued Expenses$2,154$6,902▲ $4,748
Total Liabilities$2,154$6,902▲ $4,748
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$292,873$1,299,999▲ $1,007,126
Total Net Assets Fund Balance$292,873$1,299,999▲ $1,007,126
Total Liabilities and Net Assets / Fund Balance$295,027$1,306,901▲ $1,011,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,796$102,036$119,832
Equipment$2,146$16,186$18,332
Land$11,960-$11,960
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
Joni SpiesSecretary$40$40
Joseph BaheVoting Delegate$40$40
Matthew BaergVice President$40$40
Travis SoppeTreasurer$40$40
Tyler WyntheinPresident$40$40
Aaron WengerDirector$40$40
Chris LuederDirector$40$40
Damien MattDirector$40$40
Kollin BrownellDirector$40$40
Mark HamlettDirector$40$40
Mark SpiesDirector$40$40
Ron BodensteinerDirector$40$40
William BaergDirector$40$40

Board Members and Trustees

NameTitle
Heath GieselmanDirector
Kevin BouskaDirector
Paul Spies JrDirector
Derek SmithFormer Director (10/22)
Revenue and Support

Revenue Composition

Contributions and Grants
$1,020,526
Program Service Revenue
$95,240
Investment Income
$7,075
Other Revenue
$18,157
Change in Net Assets
$1,010,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,320
Salaries, Compensation, and Employee Benefits$25,591
Grants and Similar Amounts Paid$9,267
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$52,382
Other Salaries and Wages$0$0$0$23,095
Office Expenses$0$0$0$12,073
Conferences and Meetings$0$0$0$6,954
Advertising$0$0$0$5,356
Grants to Domestic Orgs$0--$5,267
Grants to Domestic Individuals$0--$4,000
Fees for Services Accounting$0$0$0$2,481
Fees for Services Management$0$0$0$2,381
Travel$0$0$0$1,897
Payroll Taxes$0$0$0$1,809
Depreciation Depletion$0$0$0$1,221
Insurance$0$0$0$1,214
Current Officers, Directors, Trustees, and Key Employees$0$0$0$520
Other Expenses$0$0$0$267
Other Employee Benefits$0$0$0$167
Fees for Service Investment Mgmnt Fees$0$0$0$50
Total Functional Expenses$0$0$0$130,178
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
42-0684999
Phone
5634253383
Address
107 East State Street PO Box 100, Fayette, IA 52142
Doing Business As
Fayette County Farm Bureau

Signing Officer

Name
Travis Soppe
Title
Treasurer
Phone
5634253383
Signed
2023-05-02
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
Ia
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
16

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 - Ag Education - The Fayette County Farm Bureau values Agricultural Literacy. The Fayette County Farm Bureau pays for the wages of a County Outreach Coordinator. One of the main responsibilities of this individual is to conduct Ag in the Classroom programming throughout the county at local schools and libraries and positively promote agriculture and farming.

Other

Part III, Line 4b - Public Relations - The Fayette County Farm Bureau hosted a public Kiddie Tractor Pull event on the opening day of the Fayette County Fair. There was a tremendous turnout with over 120 youth participating in the event. We also were able to speak to the crowd at that time and informed the public of the Fayette County Farm Bureau, their mission and their projects throughout the year.

Other

Part III, Line 4c - Policy Development - The Fayette County Farm Bureau met with state and national legislators to discuss issues of importance and issues affecting agriculture. They also met with the County Supervisors and County Engineer to discuss issues affecting members and the community. The county Farm Bureau developed an opinionnaire survey for our members to acquire input on local state and national issues facing farmers. Once the results were collected a meeting open to all Fayette Farm Bureau Members was held. The issues were then discussed, and once approved policy was adopted.

Pt VI, Line 2

William Baerg and Matthew Baerg have a family relationship. Mark Spies and Joni Spies 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 528 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/PersonNm4Joseph Bahe
IRS990/Form990PartVIISectionAGrp/PersonNm5Chris Lueder
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IRS990/Form990PartVIISectionAGrp/PersonNm8Derek Smith
IRS990/Form990PartVIISectionAGrp/PersonNm9Mark Spies
IRS990/Form990PartVIISectionAGrp/PersonNm10Kevin Bouska
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IRS990/Form990PartVIISectionAGrp/PersonNm15William Baerg
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