Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0685005 • 501(c)5 • Mount Pleasant, IA

Profile

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

PO Box 326 205 E Taft Ste 101Mount Pleasant, IA 52641

n/A

Siviq Scores

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

Liabilities / Assets

39th percentile

0.00x

Higher debt load relative to assets than 39% 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

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

$50

Higher top officer pay than 22% of similar nonprofits.

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

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

Asset Growth

39th percentile

2.8%

Faster asset growth than 39% of similar nonprofits.

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

Revenue Growth

60th percentile

8.9%

Faster revenue growth than 60% of similar nonprofits.

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

Assets

Up

$1,502,156

Up $40,785 (+2.8%) from 2023

Liabilities

Up

$3,267

Up $1,650 (+102%) from 2023

Net Assets

Up

$1,498,889

Up $39,135 (+2.7%) from 2023

Revenue

Up

$147,827

Up $12,058 (+8.9%) from 2023

Expenses

Up

$113,829

Up $3,104 (+2.8%) from 2023

Net Income

Up

$33,998

Up $8,954 (+36%) 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: $320,538Liabilities 2011: $1,1622011Assets 2012: $335,173Liabilities 2012: $3,0952012Assets 2013: $337,350Liabilities 2013: $2,4792013Assets 2014: $344,811Liabilities 2014: $942014Assets 2015: $362,352Liabilities 2015: $4,5692015Assets 2016: $374,217Liabilities 2016: $3,4952016Assets 2017: $379,238Liabilities 2017: $2,0772017Assets 2018: $372,632Liabilities 2018: $3,1432018Assets 2019: $382,950Liabilities 2019: $0Net Assets 2019: $382,9502019Assets 2020: $407,021Liabilities 2020: $3,140Net Assets 2020: $403,8812020Assets 2021: $422,794Liabilities 2021: $1,721Net Assets 2021: $421,0732021Assets 2022: $1,425,760Liabilities 2022: $0Net Assets 2022: $1,425,7602022Assets 2023: $1,461,371Liabilities 2023: $1,617Net Assets 2023: $1,459,7542023Assets 2024: $1,502,156Liabilities 2024: $3,267Net Assets 2024: $1,498,8892024

Highlighted filing

2024

Assets$1,502,156
Liabilities$3,267
Net Assets$1,498,889

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $106,395Expenses 2011: $95,095Net Income 2011: $11,3002011Revenue 2012: $119,108Expenses 2012: $106,406Net Income 2012: $12,7022012Revenue 2013: $125,776Expenses 2013: $122,983Net Income 2013: $2,7932013Revenue 2014: $130,432Expenses 2014: $120,586Net Income 2014: $9,8462014Revenue 2015: $145,661Expenses 2015: $132,595Net Income 2015: $13,0662015Revenue 2016: $135,428Expenses 2016: $122,489Net Income 2016: $12,9392016Revenue 2017: $131,412Expenses 2017: $124,973Net Income 2017: $6,4392017Revenue 2018: $131,206Expenses 2018: $138,878Net Income 2018: -$7,6722018Revenue 2019: $106,207Expenses 2019: $92,746Net Income 2019: $13,4612019Revenue 2020: $122,823Expenses 2020: $101,892Net Income 2020: $20,9312020Revenue 2021: $122,051Expenses 2021: $103,891Net Income 2021: $18,1602021Revenue 2022: $1,113,283Expenses 2022: $99,656Net Income 2022: $1,013,6272022Revenue 2023: $135,769Expenses 2023: $110,725Net Income 2023: $25,0442023Revenue 2024: $147,827Expenses 2024: $113,829Net Income 2024: $33,9982024

Highlighted filing

2024

Revenue$147,827
Expenses$113,829
Net Income$33,998

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$0.15$0.11$0.03
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$0.14$0.11$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.00$1.43$1.11$0.10$1.01
2021Detailed filing. Detailed filing data is available for this year.$0.42$0.00$0.42$0.12$0.10$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.40$0.12$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$0.11$0.09$0.01
2018Summary only. Only limited summary data is available for this year.$0.37$0.00$0.13$0.14$0.01
2017Summary only. Only limited summary data is available for this year.$0.38$0.00$0.13$0.12$0.01
2016Summary only. Only limited summary data is available for this year.$0.37$0.00$0.14$0.12$0.01
2015Summary only. Only limited summary data is available for this year.$0.36$0.00$0.15$0.13$0.01
2014Summary only. Only limited summary data is available for this year.$0.34$0.00$0.13$0.12$0.01
2013Summary only. Only limited summary data is available for this year.$0.34$0.00$0.13$0.12$0.00
2012Summary only. Only limited summary data is available for this year.$0.34$0.00$0.12$0.11$0.01
2011Summary only. Only limited summary data is available for this year.$0.32$0.00$0.11$0.10$0.01
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
$180,706
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$1,120,645$1,126,496▲ $5,851
Savings and Temporary Cash Investments$217,152$239,167▲ $22,015
Investments in Publicly Traded Securities$118,328$127,723▲ $9,395
Accounts Receivable$5,146$5,480▲ $334
Prepaid Expenses and Deferred Charges-$3,190-
Cash and Non-Interest-Bearing Accounts$100$100→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,461,371$1,502,156▲ $40,785
Liabilities
Accounts Payable and Accrued Expenses$1,617$3,267▲ $1,650
Total Liabilities$1,617$3,267▲ $1,650
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,459,754$1,498,889▲ $39,135
Total Net Assets Fund Balance$1,459,754$1,498,889▲ $39,135
Total Liabilities and Net Assets / Fund Balance$1,461,371$1,502,156▲ $40,785

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$5,064$5,064
Land$0--
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

Employees

NameTitleOtherTotal
Sabrina PidgeonVice President$50$50
DeAnn Scott-HarpTreasurer$25$25
Kurt AlvineDirector$20$20
Adam DickersonSecretary$10$10
Adam SmithDirector$10$10
Derek MullinDirector$10$10
Matt FitzpatrickDirector$10$10

Board Members and Trustees

NameTitle
Michael YaleyPresident
Carl ScottDirector
Jared AchenDirector
Klinton GarrettDirector
Kurt SchinstockDirector
Rick SmithDirector
Mitchell MoothartDirector (11/24)
Nick SmithFormer Secretary (10/24)
Steven YaleyVoting Delegate
Revenue and Support

Revenue Composition

Contributions and Grants
$23,020
Program Service Revenue
$76,905
Investment Income
$41,494
Other Revenue
$6,408
All Other Contributions
$3,303
Change in Net Assets
$33,998
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$111,095
Grants and Similar Amounts Paid$2,599
Salaries, Compensation, and Employee Benefits$135
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$0$0$0$37,598
Fees for Services Other$0$0$0$28,814
Occupancy$0$0$0$11,565
Office Expenses$0$0$0$6,656
Conferences and Meetings$0$0$0$6,001
Advertising$0$0$0$4,888
Grants to Domestic Orgs$0--$2,599
Fees for Services Accounting$0$0$0$1,959
Fees for Services Management$0$0$0$1,709
Fees for Service Investment Mgmnt Fees$0$0$0$1,449
Other Expenses$0$0$0$1,367
Insurance$0$0$0$941
Travel$0$0$0$742
Current Officers, Directors, Trustees, and Key Employees$0$0$0$135
Total Functional Expenses$0$0$0$113,829
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
42-0685005
Phone
3193853715
Address
PO Box 326 205 E Taft Ste 101, Mount Pleasant, IA 52641
Doing Business As
Henry County Farm Bureau

Signing Officer

Name
Michael Yaley
Title
President
Phone
3193853715
Signed
2025-10-21
Discuss with paid preparer
Yes

Organization Details

Formed
1917
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
26

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 - Public Policy - Promoted the issue surfacing and issue prioritization process, getting over 100 members to participate through electronic surveys. Henry 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 - Agriculture Education - 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. Contracted staff to enhance the County Agriculture in the Classroom program, where students from all the school districts in Henry County participated. Sponsored a bucket animal livestock show to help youth understand the livestock industry.

Other

Part III, Line 4c - Public Relations - Partnered with local FFA Chapters to promote the youth in agriculture. Organized a promotion to support local food pantries during National Agriculture Week in March and participated in marketing opportunities at farmers markets and libraries to tell the story of agriculture. Sponsored two community events to educate and promote positive impacts of agriculture within the county. Provided monetary support to other agricultural organizations in Henry County to extend the reach and voice of Henry County agriculture.

Pt VI, Line 2

Steven Yaley and Michael Yaley have a family relationship. Carl Scott and DeAnne Scott-Harp have a family relationship.

Form 990, Part IX, Line 11G

Contract labor 28814.

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/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Former Secretary (10/24)
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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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 $140 or less in 2024. See Rev. Proc. 2023-34.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations members elect the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain 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.
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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