Civic Intelligence

Iowa Farm Bureau Federation

EIN 42-0688067 • 501(c)5 • Cresco, IA

Profile

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

124 1st Avenue WestCresco, IA 52136

n/A

Siviq Scores

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

Liabilities / Assets

51st percentile

0.01x

Higher debt load relative to assets than 51% of similar nonprofits.

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

Liabilities / Revenue

69th percentile

0.06x

Higher debt load relative to revenue than 69% of similar nonprofits.

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

Net Margin

32nd percentile

1.1%

Higher net margin than 32% of similar nonprofits.

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

Top Officer Pay

22nd percentile

$45

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

28th percentile

0.2%

Faster asset growth than 28% of similar nonprofits.

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

Revenue Growth

11th percentile

-10%

Faster revenue growth than 11% of similar nonprofits.

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

Assets

Up

$1,140,345

Up $1,909 (+0.2%) from 2023

Liabilities

Up

$8,699

Up $191 (+2.2%) from 2023

Net Assets

Up

$1,131,646

Up $1,718 (+0.2%) from 2023

Revenue

Down

$155,495

Down $17,957 (-10%) from 2023

Expenses

Down

$153,777

Down $14,393 (-8.6%) from 2023

Net Income

Down

$1,718

Down $3,564 (-67%) 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: $103,028Liabilities 2011: $02011Assets 2012: $106,388Liabilities 2012: $1,0632012Assets 2013: $106,791Liabilities 2013: $1,0632013Assets 2014: $102,377Liabilities 2014: $2,2442014Assets 2015: $109,535Liabilities 2015: $6,6622015Assets 2016: $112,319Liabilities 2016: $6,3682016Assets 2017: $117,386Liabilities 2017: $6,5652017Assets 2018: $114,929Liabilities 2018: $7,1412018Assets 2019: $114,407Liabilities 2019: $5,808Net Assets 2019: $108,5992019Assets 2020: $124,613Liabilities 2020: $4,632Net Assets 2020: $119,9812020Assets 2021: $131,441Liabilities 2021: $4,737Net Assets 2021: $126,7042021Assets 2022: $1,135,385Liabilities 2022: $10,739Net Assets 2022: $1,124,6462022Assets 2023: $1,138,436Liabilities 2023: $8,508Net Assets 2023: $1,129,9282023Assets 2024: $1,140,345Liabilities 2024: $8,699Net Assets 2024: $1,131,6462024

Highlighted filing

2024

Assets$1,140,345
Liabilities$8,699
Net Assets$1,131,646

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $79,879Expenses 2011: $75,106Net Income 2011: $4,7732011Revenue 2012: $147,964Expenses 2012: $145,667Net Income 2012: $2,2972012Revenue 2013: $156,984Expenses 2013: $156,611Net Income 2013: $3732013Revenue 2014: $155,221Expenses 2014: $160,786Net Income 2014: -$5,5652014Revenue 2015: $159,654Expenses 2015: $156,914Net Income 2015: $2,7402015Revenue 2016: $157,404Expenses 2016: $154,326Net Income 2016: $3,0782016Revenue 2017: $157,182Expenses 2017: $152,312Net Income 2017: $4,8702017Revenue 2018: $157,420Expenses 2018: $160,453Net Income 2018: -$3,0332018Revenue 2019: $164,279Expenses 2019: $163,468Net Income 2019: $8112019Revenue 2020: $147,640Expenses 2020: $136,258Net Income 2020: $11,3822020Revenue 2021: $145,479Expenses 2021: $138,756Net Income 2021: $6,7232021Revenue 2022: $1,131,049Expenses 2022: $133,107Net Income 2022: $997,9422022Revenue 2023: $173,452Expenses 2023: $168,170Net Income 2023: $5,2822023Revenue 2024: $155,495Expenses 2024: $153,777Net Income 2024: $1,7182024

Highlighted filing

2024

Revenue$155,495
Expenses$153,777
Net Income$1,718

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.01$1.13$0.16$0.15$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.14$0.01$1.13$0.17$0.17$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.01$1.12$1.13$0.13$1.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.13$0.00$0.13$0.15$0.14$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.12$0.00$0.12$0.15$0.14$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.01$0.11$0.16$0.16$0.00
2018Summary only. Only limited summary data is available for this year.$0.11$0.01$0.16$0.16$0.00
2017Summary only. Only limited summary data is available for this year.$0.12$0.01$0.16$0.15$0.00
2016Summary only. Only limited summary data is available for this year.$0.11$0.01$0.16$0.15$0.00
2015Summary only. Only limited summary data is available for this year.$0.11$0.01$0.16$0.16$0.00
2014Summary only. Only limited summary data is available for this year.$0.10$0.00$0.16$0.16$0.01
2013Summary only. Only limited summary data is available for this year.$0.11$0.00$0.16$0.16$0.00
2012Summary only. Only limited summary data is available for this year.$0.11$0.00$0.15$0.15$0.00
2011Summary only. Only limited summary data is available for this year.$0.10$0.00$0.08$0.08$0.00
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 11, 2023
Return Version
2022v5.0
Gross Receipts
$1,142,230
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$70,621$1,075,518▲ $1,004,897
Land, Buildings, and Equipment, Net$31,276$28,593▼ $2,683
Cash and Non-Interest-Bearing Accounts$20,306$21,864▲ $1,558
Accounts Receivable$9,238$9,410▲ $172
Total Assets$131,441$1,135,385▲ $1,003,944
Liabilities
Accounts Payable and Accrued Expenses$4,737$10,739▲ $6,002
Total Liabilities$4,737$10,739▲ $6,002
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$126,704$1,124,646▲ $997,942
Total Net Assets Fund Balance$126,704$1,124,646▲ $997,942
Total Liabilities and Net Assets / Fund Balance$131,441$1,135,385▲ $1,003,944

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,496$84,920$109,416
Equipment$2,229$3,274$5,503
Land$1,868-$1,868
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
Barry ChristensenPresident$45$45
Brandon ReisTreasurer$45$45
Brian HaeflingerVoting Delegate$45$45
Neil ShafferVice President$45$45
Brent BronnerDirector$45$45
Tim SadlerFormer Director (10/22)$45$45

Board Members and Trustees

NameTitle
Matt BeranDirector
Tim HuheDirector
Tommy PecinovskyDirector
Caleb HarkenFormer Director (10/22)
Hunter SlifkaFormer Director (10/22)
Steve MahrFormer Director (10/22)
Spiff SlifkaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,020,526
Program Service Revenue
$32,580
Investment Income
$2,222
Other Revenue
$75,721
Change in Net Assets
$997,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$67,311
Other Expenses$61,129
Grants and Similar Amounts Paid$4,667
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$0$0$0$62,060
Fees for Services Other$0$0$0$21,343
Payments to Affiliates$0$0$0$15,928
Office Expenses$0$0$0$9,090
Payroll Taxes$0$0$0$4,832
Grants to Domestic Orgs$0--$3,167
Advertising$0$0$0$2,945
Travel$0$0$0$2,360
Conferences and Meetings$0$0$0$2,354
Grants to Domestic Individuals$0--$1,500
Fees for Services Accounting$0$0$0$824
Insurance$0$0$0$754
Fees for Services Management$0$0$0$724
Depreciation Depletion$0$0$0$637
Other Expenses$0$0$0$584
Current Officers, Directors, Trustees, and Key Employees$0$0$0$270
Other Employee Benefits$0$0$0$149
Total Functional Expenses$0$0$0$133,107
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
42-0688067
Phone
5635473542
Address
124 1st Avenue West, Cresco, IA 52136
Doing Business As
Howard County Farm Bureau

Signing Officer

Name
Barry Christensen
Title
President
Phone
5635473542
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Formed
1918
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
12

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 Howard County Farm Bureau strongly supports Agricultural Education and has worked diligently to provide educational resources to our local school districts. Our mission is to improve agriculture literacy and to make students and teachers aware of the importance of agriculture to our local economy and way of life. We have been able to conduct Agriculture In The Classroom (AITC) activities in 4 area schools this past year. The Howard County Farm Bureau supports the wages of an Outreach Coordinator, whose job includes promoting agriculture through public relations and in our local schools with Agriculture in the Classroom programming.

Other

Part III, Line 4b - Public Relations - The Howard County Farm Bureau values their relationship with the two local food pantries in the county. In March, the Howard County Farm Bureau donated to each food pantry to help replenish their shelves.

Other

Part III, Line 4c - Policy Development - Howard County Farm Bureau met with state and national legislators to discuss issues of importance to agriculture and the community. The county supervisors and county engineer met with the board members to discuss local issues affecting members and the community. The Howard County Farm Bureau also develops an annual survey to distribute to members seeking their input on important issues regarding agriculture and the local community. The survey was sent by email and could also be picked up at the county Farm Bureau office. The results were submitted, and policy was adopted at the local policy development meeting.

Form 990, Part IX, Line 11G

Contract services 21343.

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 477 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/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt9Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt10Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt11Former Director (10/22)
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Barry Christensen
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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/BookValueAmt1995176
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FBL Deferred Annuity Investment
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CFBRDT, LLC
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 4
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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 - Ag Education - The Howard County Farm Bureau strongly supports Agricultural Education and has worked diligently to provide educational resources to our local school districts. Our mission is to improve agriculture literacy and to make students and teachers aware of the importance of agriculture to our local economy and way of life. We have been able to conduct Agriculture In The Classroom (AITC) activities in 4 area schools this past year. The Howard County Farm Bureau supports the wages of an Outreach Coordinator, whose job includes promoting agriculture through public relations and in our local schools with Agriculture in the Classroom programming.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Part III, Line 4b - Public Relations - The Howard County Farm Bureau values their relationship with the two local food pantries in the county. In March, the Howard County Farm Bureau donated to each food pantry to help replenish their shelves.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Part III, Line 4c - Policy Development - Howard County Farm Bureau met with state and national legislators to discuss issues of importance to agriculture and the community. The county supervisors and county engineer met with the board members to discuss local issues affecting members and the community. The Howard County Farm Bureau also develops an annual survey to distribute to members seeking their input on important issues regarding agriculture and the local community. The survey was sent by email and could also be picked up at the county Farm Bureau office. The results were submitted, and policy was adopted at the local policy development meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Contract services 21343.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
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