Civic Intelligence

Farmers Educational & Cooperative State Union of Nebraska

990 • Fiscal year 2018 • EIN 47-0156065

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

1305 Plum StLincoln, NE 68502-2343

(402) 476-8815

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.16x

Higher debt load relative to assets than 85% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.38x

Higher debt load relative to revenue than 91% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Net Margin

76th percentile

15%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

61st percentile

$49,955

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 20.4% of source-year revenue.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2018

Asset Growth

62nd percentile

5.8%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

96th percentile

48%

Faster revenue growth than 96% of similar nonprofits.

2018 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$575,792

Up $31,820 (+5.8%) from 2017

Net Assets

Up

$482,696

Up $37,239 (+8.4%) from 2017

Liabilities

Down

$93,096

Down $5,419 (-5.5%) from 2017

Revenue

Up

$244,340

Up $79,107 (+48%) from 2017

Expenses

Down

$207,101

Down $37,472 (-15%) from 2017

Net Income

Up

$37,239

Up $116,579 (+147%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $481,380Liabilities 2010: $73,935Net Assets 2010: $407,4452010Assets 2011: $445,940Liabilities 2011: $74,931Net Assets 2011: $371,0092011Assets 2012: $560,398Liabilities 2012: $150,092Net Assets 2012: $410,3062012Assets 2013: $641,247Liabilities 2013: $118,822Net Assets 2013: $522,4252013Assets 2014: $687,299Liabilities 2014: $46,737Net Assets 2014: $640,5622014Assets 2015: $569,056Liabilities 2015: $40,511Net Assets 2015: $528,5452015Assets 2016: $609,362Liabilities 2016: $84,565Net Assets 2016: $524,7972016Assets 2017: $543,972Liabilities 2017: $98,515Net Assets 2017: $445,4572017Assets 2018: $575,792Liabilities 2018: $93,096Net Assets 2018: $482,6962018Assets 2019: $564,398Liabilities 2019: $92,613Net Assets 2019: $471,7852019Assets 2020: $642,171Liabilities 2020: $112,812Net Assets 2020: $529,3592020Assets 2021: $761,042Liabilities 2021: $27,812Net Assets 2021: $733,2302021Assets 2022: $792,558Liabilities 2022: $31,247Net Assets 2022: $761,3112022Assets 2023: $900,999Liabilities 2023: $27,272Net Assets 2023: $873,7272023Assets 2024: $1,143,077Liabilities 2024: $41,700Net Assets 2024: $1,101,3772024

Highlighted filing

2018

Assets$575,792
Liabilities$93,096
Net Assets$482,696

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $279,8412010Expenses 2011: $244,1412011Expenses 2012: $329,4912012Revenue 2013: $659,697Expenses 2013: $547,578Net Income 2013: $112,1192013Revenue 2014: $508,680Expenses 2014: $390,543Net Income 2014: $118,1372014Revenue 2015: $304,395Expenses 2015: $324,755Net Income 2015: -$20,3602015Revenue 2016: $322,180Expenses 2016: $325,928Net Income 2016: -$3,7482016Revenue 2017: $165,233Expenses 2017: $244,573Net Income 2017: -$79,3402017Revenue 2018: $244,340Expenses 2018: $207,101Net Income 2018: $37,2392018Revenue 2019: $228,781Expenses 2019: $239,692Net Income 2019: -$10,9112019Revenue 2020: $283,447Expenses 2020: $225,873Net Income 2020: $57,5742020Revenue 2021: $367,082Expenses 2021: $163,211Net Income 2021: $203,8712021Revenue 2022: $220,568Expenses 2022: $192,487Net Income 2022: $28,0812022Revenue 2023: $296,515Expenses 2023: $184,099Net Income 2023: $112,4162023Revenue 2024: $449,454Expenses 2024: $221,804Net Income 2024: $227,6502024

Highlighted filing

2018

Revenue$244,340
Expenses$207,101
Net Income$37,239
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$245,836
Mission and Program Overview

Mission

To support members in farming.

To support members in farming

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$325,396$371,128▲ $45,732
Cash and Non-Interest-Bearing Accounts$77$42,833▲ $42,756
Savings and Temporary Cash Investments$23,931$23,094▼ $837
Land, Buildings, and Equipment, Net$24,480$21,998▼ $2,482
Accounts Receivable$67,123$13,774▼ $53,349
Inventories for Sale or Use$1,000$1,000→ $0
Total Assets$543,972$575,792▲ $31,820
Other Assets Total$101,965$101,965→ $0
Liabilities
Deferred Revenue$39,749$43,909▲ $4,160
Other Liabilities$34,750$34,750→ $0
Accounts Payable and Accrued Expenses$11,016$14,387▲ $3,371
Mortgage Notes Payable Secured by Investment Property$13,000$50▼ $12,950
Total Liabilities$98,515$93,096▼ $5,419
Net Assets / Fund Balance
Unrestricted Net Assets$445,457$482,696▲ $37,239
Total Net Assets Fund Balance$445,457$482,696▲ $37,239
Total Liabilities and Net Assets / Fund Balance$543,972$575,792▲ $31,820

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,606$127,629$139,235
Equipment$392$93,375$93,767
Land$10,000-$10,000
Other Assets Org$101,965--
Other Securities$371,128--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John K HansenPresidentFT$48,500$1,455$49,955

Board Members and Trustees

NameTitle
Vern JantzenVice President
Al DavisDirector
Ben GotschallDirector
Jim KnopikDirector
Martin KleinschmitDirector
Mary Alice CormanDirector
Graham ChristensenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$76,238
Program Service Revenue
$63,930
Investment Income
$15,046
Other Revenue
$89,126
All Other Contributions
$61,858
Change in Net Assets
$37,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$148,675
Salaries, Compensation, and Employee Benefits$58,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$52,651
Current Officers, Directors, Trustees, and Key Employees---$49,955
Conferences and Meetings---$25,792
Occupancy---$13,200
Office Expenses---$12,655
Travel---$9,030
Insurance---$4,784
Payroll Taxes---$4,146
Other Salaries and Wages---$3,750
Fees for Services Accounting---$3,515
Depreciation Depletion---$2,482
Information Technology---$2,316
All Other Expenses---$2,153
Fees for Services Other---$1,495
Other Expenses---$1,263
Advertising---$743
Other Employee Benefits---$575
Interest---$344
Total Functional Expenses$0$0$0$207,101
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
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Nefu Foundation$34,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Members pay annual dues to retain membership.

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed before filing and is available to all board members.

Form 990, Part VI, Section B, Line 11B

Form 990 is available to all members upon request.

Form 990, Part VI, Section C, Line 18

The 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The organization does not have a policy.

Filing and Contact Details

Filer

Filer Name
Farmers Educational & Cooperative State
EIN
47-0156065
Phone
4024768815
Address
1305 PLUM ST, LINCOLN, NE 68502-2343

Signing Officer

Name
John K Hansen
Title
President
Phone
4024768815
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John K Hansen
Formed
1902
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
0

Preparer

Firm
Hbe Llp
Address
7140 STEPHANIE LANE PO BOX 23110, LINCOLN, NE 68542-3110
Preparer
Patrick a Meyer CPA Cfe
Phone
4024234343
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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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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0139235
IRS990ScheduleD/EquipmentGrp/BookValueAmt0392
IRS990ScheduleD/EquipmentGrp/DepreciationAmt093375
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093767
IRS990ScheduleD/LandGrp/BookValueAmt010000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0101965
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LIFE MEMBERSHIP TRUST & RELATED INT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NEFU FOUNDATION
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0371128
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MIDWEST AGENCY INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt021998
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0101965
IRS990ScheduleD/TotalBookValueSecuritiesAmt0371128
IRS990ScheduleD/TotalLiabilityAmt034750
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS PAY ANNUAL DUES TO RETAIN MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BEFORE FILING AND IS AVAILABLE TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS AVAILABLE TO ALL MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION DOES NOT HAVE A POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEBRASKA FARMERS UNION FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0470711632
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO SUPPORT THE NEBRASKA FARMERS COOP AND THEIR MISSIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)(1)(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01305 PLUM STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LINCOLN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd068502
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0543972
IRS990/TotalAssetsEOYAmt0575792
IRS990/TotalAssetsGrp/BOYAmt0543972
IRS990/TotalAssetsGrp/EOYAmt0575792
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt076238
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/TotalAmt0207101
IRS990/TotalGrossUBIAmt054821
IRS990/TotalLiabilitiesBOYAmt098515
IRS990/TotalLiabilitiesEOYAmt093096
IRS990/TotalLiabilitiesGrp/BOYAmt098515
IRS990/TotalLiabilitiesGrp/EOYAmt093096
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0445457
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0482696
IRS990/TotalOtherCompensationAmt01455
IRS990/TotalProgramServiceRevenueAmt063930
IRS990/TotalReportableCompFromOrgAmt048500
IRS990/TotalRevenueGrp/ExclusionAmt025560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt087721
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0244340
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt054821
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0543972
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0575792
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt09030
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0445457
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0482696
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01305 PLUM ST
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd0685022343
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.NEBRASKAFARMERSUNION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN K HANSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04024768815
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FARMERS EDUCATIONAL & COOPERATIVE STATE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0UNION OF NEBRASKA
ReturnHeader/Filer/BusinessNameControlTxt0FARM
ReturnHeader/Filer/EIN0470156065
ReturnHeader/Filer/PhoneNum04024768815
ReturnHeader/Filer/USAddress/AddressLine1Txt01305 PLUM ST
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd0685022343

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.14$0.04$1.10$0.45$0.22$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.90$0.03$0.87$0.30$0.18$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$0.22$0.19$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.03$0.73$0.37$0.16$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.64$0.11$0.53$0.28$0.23$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.56$0.09$0.47$0.23$0.24$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.58$0.09$0.48$0.24$0.21$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.10$0.45$0.17$0.24$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.61$0.08$0.52$0.32$0.33$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.57$0.04$0.53$0.30$0.32$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.05$0.64$0.51$0.39$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.64$0.12$0.52$0.66$0.55$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.56$0.15$0.41$0.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.07$0.37$0.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.07$0.41$0.28