Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0685004 • 501(c)5 • Mason City, IA

Profile

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

2650 Skyview LaneMason City, IA 50401

n/A

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Higher debt load relative to assets than 47% of similar nonprofits.

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

Liabilities / Revenue

65th percentile

0.05x

Higher debt load relative to revenue than 65% of similar nonprofits.

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

Net Margin

74th percentile

19%

Higher net margin than 74% of similar nonprofits.

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

Top Officer Pay

21st percentile

$0

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

33rd percentile

1.4%

Faster asset growth than 33% of similar nonprofits.

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

Revenue Growth

90th percentile

35%

Faster revenue growth than 90% of similar nonprofits.

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

Assets

Up

$2,237,343

Up $30,110 (+1.4%) from 2023

Liabilities

Up

$10,777

Up $4,076 (+61%) from 2023

Net Assets

Up

$2,226,566

Up $26,034 (+1.2%) from 2023

Revenue

Up

$232,771

Up $59,777 (+35%) from 2023

Expenses

Down

$187,400

Down $16,401 (-8.0%) from 2023

Net Income

Up

$45,371

Up $76,178 (+247%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $504,657Liabilities 2011: $379Net Assets 2011: $504,2782011Assets 2012: $554,114Liabilities 2012: $3,270Net Assets 2012: $550,8442012Assets 2013: $625,266Liabilities 2013: $3,347Net Assets 2013: $621,9192013Assets 2014: $664,370Liabilities 2014: $4,122Net Assets 2014: $660,2482014Assets 2015: $662,974Liabilities 2015: $4,420Net Assets 2015: $658,5542015Assets 2016: $1,304,359Liabilities 2016: $632,420Net Assets 2016: $671,9392016Assets 2017: $1,224,351Liabilities 2017: $6,883Net Assets 2017: $1,217,4682017Assets 2018: $1,170,020Liabilities 2018: $7,583Net Assets 2018: $1,162,4372018Assets 2019: $1,209,601Liabilities 2019: $5,198Net Assets 2019: $1,204,4032019Assets 2020: $1,234,432Liabilities 2020: $770Net Assets 2020: $1,233,6622020Assets 2021: $1,275,293Liabilities 2021: $8,544Net Assets 2021: $1,266,7492021Assets 2022: $2,218,833Liabilities 2022: $9,217Net Assets 2022: $2,209,6162022Assets 2023: $2,207,233Liabilities 2023: $6,701Net Assets 2023: $2,200,5322023Assets 2024: $2,237,343Liabilities 2024: $10,777Net Assets 2024: $2,226,5662024

Highlighted filing

2024

Assets$2,237,343
Liabilities$10,777
Net Assets$2,226,566

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $113,559Expenses 2011: $98,179Net Income 2011: $15,3802011Revenue 2012: $118,795Expenses 2012: $101,632Net Income 2012: $17,1632012Revenue 2013: $126,365Expenses 2013: $108,301Net Income 2013: $18,0642013Revenue 2014: $129,039Expenses 2014: $111,579Net Income 2014: $17,4602014Revenue 2015: $139,625Expenses 2015: $119,296Net Income 2015: $20,3292015Revenue 2016: $129,393Expenses 2016: $116,782Net Income 2016: $12,6112016Revenue 2017: $669,597Expenses 2017: $113,202Net Income 2017: $556,3952017Revenue 2018: $141,446Expenses 2018: $129,621Net Income 2018: $11,8252018Revenue 2019: $192,828Expenses 2019: $150,756Net Income 2019: $42,0722019Revenue 2020: $147,762Expenses 2020: $137,822Net Income 2020: $9,9402020Revenue 2021: $148,611Expenses 2021: $131,105Net Income 2021: $17,5062021Revenue 2022: $1,128,256Expenses 2022: $135,539Net Income 2022: $992,7172022Revenue 2023: $172,994Expenses 2023: $203,801Net Income 2023: -$30,8072023Revenue 2024: $232,771Expenses 2024: $187,400Net Income 2024: $45,3712024

Highlighted filing

2024

Revenue$232,771
Expenses$187,400
Net Income$45,371

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.01$2.23$0.23$0.19$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.01$2.20$0.17$0.20$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.01$2.21$1.13$0.14$0.99
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.01$1.27$0.15$0.13$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$0.15$0.14$0.01
2019Summary only. Only limited summary data is available for this year.$1.21$0.01$1.20$0.19$0.15$0.04
2018Summary only. Only limited summary data is available for this year.$1.17$0.01$1.16$0.14$0.13$0.01
2017Summary only. Only limited summary data is available for this year.$1.22$0.01$1.22$0.67$0.11$0.56
2016Summary only. Only limited summary data is available for this year.$1.30$0.63$0.67$0.13$0.12$0.01
2015Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.14$0.12$0.02
2014Summary only. Only limited summary data is available for this year.$0.66$0.00$0.66$0.13$0.11$0.02
2013Summary only. Only limited summary data is available for this year.$0.63$0.00$0.62$0.13$0.11$0.02
2012Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.12$0.10$0.02
2011Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.11$0.10$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 21, 2025
Return Version
2024v5.2
Gross Receipts
$568,978
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,162,532$1,171,391▲ $8,859
Land, Buildings, and Equipment, Net$721,432$699,774▼ $21,658
Investments in Publicly Traded Securities$278,313$307,330▲ $29,017
Savings and Temporary Cash Investments$31,388$45,158▲ $13,770
Accounts Receivable$13,518$13,640▲ $122
Cash and Non-Interest-Bearing Accounts$50$50→ $0
Total Assets$2,207,233$2,237,343▲ $30,110
Liabilities
Accounts Payable and Accrued Expenses$6,701$10,777▲ $4,076
Total Liabilities$6,701$10,777▲ $4,076
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,200,532$2,226,566▲ $26,034
Total Net Assets Fund Balance$2,200,532$2,226,566▲ $26,034
Total Liabilities and Net Assets / Fund Balance$2,207,233$2,237,343▲ $30,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$543,537$156,998$700,535
Land$155,317-$155,317
Equipment$920$11,978$12,898
Other Securities$995,176--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$1,035,200-▲ $55,670$25,215$1,065,494
2023$1,006,715-▲ $53,223$24,600$1,035,200
2022$0$995,176▲ $11,539-$1,006,715
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joe McGrathPresident
Kilah WatsonVice President
Brandon BergstromDirector
Casey SchlichtingDirector
Charlie NorrisDirector
Chuck GroveDirector
David LuscombDirector
Fred LundtDirector
Jim BarkemaDirector
Joel WatsonDirector
John HalburDirector
Justin TimpeDirector
Keith SutcliffeDirector
Kevin PopeDirector
Kevin SutcliffeDirector
Luci SheriffDirector
Randy LutzDirector
Scott EngebretsonDirector
Sean ArthurDirector
Todd CashDirector
Lexi SheriffDirector (11/24)
Jordan DavidsonSecretary
Jesse LutzTreasurer
Eric ArthurVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$23,891
Program Service Revenue
$82,980
Investment Income
$98,199
Other Revenue
$27,701
Change in Net Assets
$45,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,392
Salaries, Compensation, and Employee Benefits$85,087
Grants and Similar Amounts Paid$10,921
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$70,562
Payments to Affiliates$0$0$0$40,568
Office Expenses$0$0$0$14,643
Conferences and Meetings$0$0$0$10,160
Other Employee Benefits$0$0$0$8,541
Grants to Domestic Orgs$0--$7,171
Payroll Taxes$0$0$0$5,984
Advertising$0$0$0$5,143
Grants to Domestic Individuals$0--$3,750
Fees for Service Investment Mgmnt Fees$0$0$0$3,265
Fees for Services Accounting$0$0$0$2,094
Travel$0$0$0$1,917
Fees for Services Management$0$0$0$1,844
Insurance$0$0$0$826
Depreciation Depletion$0$0$0$682
Other Expenses$0$0$0$5
Total Functional Expenses$0$0$0$187,400
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
42-0685004
Phone
6414235824
Address
2650 Skyview Lane, Mason City, IA 50401
Doing Business As
Cerro Gordo County Farm Bureau

Signing Officer

Name
Joe McGrath
Title
President
Phone
6414235824
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
1916
Legal Domicile
Ia
Voting Board Members
24
Independent Board Members
24
Employees
1
Volunteers
200

Preparer

Firm
Iowa Farm Bureau Federation
Address
5400 University Ave, West Des Moines, IA 50266
Preparer
Timothy Bigley
Phone
5152255400
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

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.

Pt VI, Line 7A

The organizations members elect the Board of Directors.

Pt VI, Line 7B

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.

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 - Agriculture in the Classroom - The main focus of Cerro Gordo County Farm Bureau and the direction of its board of directors has been the spread of Agriculture in the Classroom. This happens in many forms; one is the donations to the countys three FFA Clubs at Clear Lake High School, West Fork High School and Central Springs. Another form is the countys support of North Central Iowa Ag in the Classroom (NCIAITC) and its membership dues. NCIAITC teaches every elementary student in the county about how agriculture affects their lives. The other avenue that the County Farm Bureau uses is its Ag Fair. The Ag Fair is for all 500+ 4th graders in the county.

Other

Part III, Line 4b - Relations/Community Outreach - As a membership organization, the Cerro Gordo County Farm Bureau serves its membership and its community by putting on many events and educational opportunities. The county hosted two educational seminars related to agriculture and held a picnic at the county fair as appreciation to the membership, in conjunction with a can drive for the local food bank. The county heads a Shopping Cart Race to promote the local food bank and helped raise awareness for that purpose.

Other

Part III, Line 4c - Policy - As a policy organization, the County Farm Bureau hosts many informational events to form its county policy and to bring their policy to the awareness of many local, county, state, and federal officials. The county hosts its annual business meeting to solidify its policy and hosts many meet-and-greats with local officials.

Pt VI, Line 2

Kilah Watson and Joel Watson have a family relationship. Charlie Norris and Todd Cash have a family relationship. Kevin Sutcliffe and Keith Sutcliffe have a family relationship. Eric Arthur and Sean Arthur have a family relationship. Lexi Sheriff and Luci Sheriff have a family relationship.

Financial Statement Notes

Pt V, Line 4

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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Joe McGrath
IRS990/Form990PartVIISectionAGrp/PersonNm1Kilah Watson
IRS990/Form990PartVIISectionAGrp/PersonNm2Jordan Davidson
IRS990/Form990PartVIISectionAGrp/PersonNm3Jesse Lutz
IRS990/Form990PartVIISectionAGrp/PersonNm4Eric Arthur
IRS990/Form990PartVIISectionAGrp/PersonNm5Sean Arthur
IRS990/Form990PartVIISectionAGrp/PersonNm6Jim Barkema
IRS990/Form990PartVIISectionAGrp/PersonNm7Brandon Bergstrom
IRS990/Form990PartVIISectionAGrp/PersonNm8Todd Cash
IRS990/Form990PartVIISectionAGrp/PersonNm9Scott Engebretson
IRS990/Form990PartVIISectionAGrp/PersonNm10Chuck Grove
IRS990/Form990PartVIISectionAGrp/PersonNm11John Halbur
IRS990/Form990PartVIISectionAGrp/PersonNm12Fred Lundt
IRS990/Form990PartVIISectionAGrp/PersonNm13David Luscomb
IRS990/Form990PartVIISectionAGrp/PersonNm14Randy Lutz
IRS990/Form990PartVIISectionAGrp/PersonNm15Charlie Norris
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IRS990/Form990PartVIISectionAGrp/PersonNm21Kevin Sutcliffe
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IRS990/Form990PartVIISectionAGrp/PersonNm23Joel Watson
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IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director (11/24)
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