Civic Intelligence

Grant County Farm Bureau

990 • Fiscal year 2021 • EIN 71-6056756

Nov 01, 2020 to Oct 31, 2021 • Filed on Sep 09, 2022

PO Box 537Sheridan, AR 72150

(870) 942-5173

Siviq Scores

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

Liabilities / Assets

98th percentile

0.60x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

99th percentile

2.55x

Higher debt load relative to revenue than 99% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Net Margin

13th percentile

-6.5%

Higher net margin than 13% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2021 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2021

Asset Growth

77th percentile

18%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

6.1%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$691,522

Up $105,981 (+18%) from 2020

Net Assets

Down

$273,510

Down $10,664 (-3.8%) from 2020

Liabilities

Up

$418,012

Up $116,645 (+39%) from 2020

Revenue

Up

$163,814

Up $9,355 (+6.1%) from 2020

Expenses

Up

$174,478

Up $30,670 (+21%) from 2020

Net Income

Down

-$10,664

Down $21,315 (-200%) from 2020

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $229,564Liabilities 2011: $14,0362011Assets 2012: $239,823Liabilities 2012: $13,3822012Assets 2013: $244,249Liabilities 2013: $12,4812013Assets 2014: $243,781Liabilities 2014: $12,8672014Assets 2015: $246,214Liabilities 2015: $14,0532015Assets 2016: $237,378Liabilities 2016: $14,2982016Assets 2017: $258,032Liabilities 2017: $12,5932017Assets 2018: $267,638Liabilities 2018: $12,6462018Assets 2019: $288,862Liabilities 2019: $15,3392019Assets 2020: $585,541Liabilities 2020: $301,367Net Assets 2020: $284,1742020Assets 2021: $691,522Liabilities 2021: $418,012Net Assets 2021: $273,5102021Assets 2022: $684,815Liabilities 2022: $414,248Net Assets 2022: $270,5672022Assets 2023: $638,619Liabilities 2023: $277,066Net Assets 2023: $361,5532023Assets 2024: $629,746Liabilities 2024: $270,700Net Assets 2024: $359,0462024

Highlighted filing

2021

Assets$691,522
Liabilities$418,012
Net Assets$273,510

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $116,481Expenses 2011: $107,148Net Income 2011: $9,3332011Revenue 2012: $119,878Expenses 2012: $108,965Net Income 2012: $10,9132012Revenue 2013: $123,504Expenses 2013: $118,177Net Income 2013: $5,3272013Revenue 2014: $126,680Expenses 2014: $127,534Net Income 2014: -$8542014Revenue 2015: $127,346Expenses 2015: $126,099Net Income 2015: $1,2472015Revenue 2016: $128,832Expenses 2016: $137,913Net Income 2016: -$9,0812016Revenue 2017: $135,297Expenses 2017: $112,938Net Income 2017: $22,3592017Revenue 2018: $134,250Expenses 2018: $124,697Net Income 2018: $9,5532018Revenue 2019: $150,315Expenses 2019: $131,784Net Income 2019: $18,5312019Revenue 2020: $154,459Expenses 2020: $143,808Net Income 2020: $10,6512020Revenue 2021: $163,814Expenses 2021: $174,478Net Income 2021: -$10,6642021Revenue 2022: $182,775Expenses 2022: $185,718Net Income 2022: -$2,9432022Revenue 2023: $297,334Expenses 2023: $206,348Net Income 2023: $90,9862023Revenue 2024: $197,013Expenses 2024: $199,520Net Income 2024: -$2,5072024

Highlighted filing

2021

Revenue$163,814
Expenses$174,478
Net Income-$10,664
Jump To
Filing Snapshot
Filing Period
Nov 1, 2020 to Oct 31, 2021
Signed
Sep 9, 2022
Return Version
2020v4.2
Gross Receipts
$163,814
Mission and Program Overview

Mission

AGRICULTURAL PROMOTION

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$486,563$615,460▲ $128,897
Rtn Earn Endowment Incm Other Fnds$284,174$273,510▼ $10,664
Cash and Non-Interest-Bearing Accounts$98,978$76,062▼ $22,916
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$585,541$691,522▲ $105,981
Liabilities
Mortgage Notes Payable Secured by Investment Property$285,017$402,100▲ $117,083
Deferred Revenue$13,961$13,651▼ $310
Accounts Payable and Accrued Expenses$2,389$2,261▼ $128
Total Liabilities$301,367$418,012▲ $116,645
Net Assets / Fund Balance
Total Net Assets Fund Balance$284,174$273,510▼ $10,664
Total Liabilities and Net Assets / Fund Balance$585,541$691,522▲ $105,981

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$439,411$100,070$539,481
Land$85,530-$85,530
Other Land Buildings$72,593$8,808$81,401
Equipment$17,926$44,973$62,899
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peggy ThomasPresident
Chris SpenceVice President
Alton DavisDirector
Bart DraperDirector
Billy PoeDirector
Bobby WellsDirector
Cody HarringtonDirector
Harvey David NelsonDirector
Hunter PhelpsDirector
James AllenDirector
James PittsDirector
John R AllenDirector
Jon AshcraftDirector
Ross BarnesDirector
Royce ShepherdDirector
Tim ClementDirector
Tj ThomasDirector
John MitchellSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shepherd Builders INCNew Office Construction682 GRANT 805, Sheridan, AR 72150$441,417
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$42,413
Investment Income
$0
Other Revenue
$121,401
Change in Net Assets
$-10,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$99,255
Other Expenses$73,497
Grants and Similar Amounts Paid$1,726
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$91,400
Interest---$20,535
Occupancy---$20,070
Office Expenses---$13,979
Depreciation Depletion---$12,880
Payroll Taxes---$7,255
Advertising---$2,268
Conferences and Meetings---$1,448
Grants to Domestic Individuals---$1,000
Insurance---$918
Grants to Domestic Orgs---$726
Fees for Services Accounting---$600
Pension Plan Contributions---$600
Other Expenses---$51
Total Functional Expenses$0$0$0$174,478
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
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

Peggy thomas and t.j. Thomas - family and business relationship john allen and jamey allen - family relationship john allen, jamey allen, and hunter phelps - business relationship

Form 990, Part VI, Section A, Line 6

The organization is a mutual benefit organization with members.

Form 990, Part VI, Section A, Line 7A

The board is elected annually by the general membership. Officers are elected by the board.

Form 990, Part VI, Section A, Line 7B

Policy resolutions are subject to member approval.

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

The board president reviews the 990 and signs the return once the office manager has reviewed it as well.

Form 990, Part VI, Section B, Line 12C

Conflict of interest papers are provided to the board members every year for review and signature.

Form 990, Part VI, Section B, Line 15

The organization does not have compensated officers or management officials.

Form 990, Part VI, Section C, Line 19

These documents are not available to the public.

Filing and Contact Details

Filer

Filer Name
Grant County Farm Bureau
EIN
71-6056756
Phone
8709425173
Address
PO BOX 537, SHERIDAN, AR 72150

Signing Officer

Name
Peggy Thomas
Title
President
Phone
8709425173
Signed
2022-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Thomas
Formed
1956
Legal Domicile
Ar
Voting Board Members
18
Independent Board Members
18
Employees
3
Volunteers
18

Preparer

Firm
Landmark Plc Cpas
Address
201 EAST MARKHAM SUITE 500, LITTLE ROCK, AR 72201
Preparer
Maria K Bean CPA
Phone
5013752025
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IRS990/OccupancyGrp/TotalAmt020070
IRS990/OfficeExpensesGrp/TotalAmt013979
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0YOUTH & SAFETY
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt0415
IRS990/OtherExpensesGrp/TotalAmt1333
IRS990/OtherExpensesGrp/TotalAmt251
IRS990/OtherRevenueMiscGrp/BusinessCd0524298
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0INSURANCE SERVICE FEES
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt03208
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0113675
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt13208
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0113675
IRS990/OtherRevenueTotalAmt0116883
IRS990/OtherSalariesAndWagesGrp/TotalAmt091400
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt07255
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0600
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PEGGY THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042413
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042413
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02833
IRS990/PYInvestmentIncomeAmt0215
IRS990/PYOtherExpensesAmt042509
IRS990/PYOtherRevenueAmt0111959
IRS990/PYProgramServiceRevenueAmt042285
IRS990/PYRevenuesLessExpensesAmt010651
IRS990/PYSalariesCompEmpBnftPaidAmt098466
IRS990/PYTotalExpensesAmt0143808
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0154459
IRS990/ReconcilationRevenueExpnssAmt0-10664
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02700
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt01818
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt01818
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0284174
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0273510
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0439411
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0100070
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0539481
IRS990ScheduleD/EquipmentGrp/BookValueAmt017926
IRS990ScheduleD/EquipmentGrp/DepreciationAmt044973
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt062899
IRS990ScheduleD/LandGrp/BookValueAmt085530
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085530
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt072593
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08808
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt081401
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0615460
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PEGGY THOMAS AND T.J. THOMAS - FAMILY AND BUSINESS RELATIONSHIP JOHN ALLEN AND JAMEY ALLEN - FAMILY RELATIONSHIP JOHN ALLEN, JAMEY ALLEN, AND HUNTER PHELPS - BUSINESS RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A MUTUAL BENEFIT ORGANIZATION WITH MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD IS ELECTED ANNUALLY BY THE GENERAL MEMBERSHIP. OFFICERS ARE ELECTED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POLICY RESOLUTIONS ARE SUBJECT TO MEMBER APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD PRESIDENT REVIEWS THE 990 AND SIGNS THE RETURN ONCE THE OFFICE MANAGER HAS REVIEWED IT AS WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST PAPERS ARE PROVIDED TO THE BOARD MEMBERS EVERY YEAR FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT HAVE COMPENSATED OFFICERS OR MANAGEMENT OFFICIALS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0585541
IRS990/TotalAssetsEOYAmt0691522
IRS990/TotalAssetsGrp/BOYAmt0585541
IRS990/TotalAssetsGrp/EOYAmt0691522
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt0174478
IRS990/TotalGrossUBIAmt0113675
IRS990/TotalLiabilitiesBOYAmt0301367
IRS990/TotalLiabilitiesEOYAmt0418012
IRS990/TotalLiabilitiesGrp/BOYAmt0301367
IRS990/TotalLiabilitiesGrp/EOYAmt0418012
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0284174
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0273510
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt042413
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07726
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042413
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0163814
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0113675
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0585541
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0691522
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 537
IRS990/USAddress/CityNm0SHERIDAN
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072150
IRS990/VotingMembersGoverningBodyCnt018
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0WWW.ARFB.COM/GRANT
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$2.71$3.59$1.97$2.00$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.39$2.77$3.62$2.97$2.06$0.91
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.85$4.14$2.71$1.83$1.86$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.92$4.18$2.74$1.64$1.74$0.11
2020Detailed filing. Detailed filing data is available for this year.$5.86$3.01$2.84$1.54$1.44$0.11
2019Summary only. Only limited summary data is available for this year.$2.89$0.15$1.50$1.32$0.19
2018Summary only. Only limited summary data is available for this year.$2.68$0.13$1.34$1.25$0.10
2017Summary only. Only limited summary data is available for this year.$2.58$0.13$1.35$1.13$0.22
2016Summary only. Only limited summary data is available for this year.$2.37$0.14$1.29$1.38$0.09
2015Summary only. Only limited summary data is available for this year.$2.46$0.14$1.27$1.26$0.01
2014Summary only. Only limited summary data is available for this year.$2.44$0.13$1.27$1.28$0.01
2013Summary only. Only limited summary data is available for this year.$2.44$0.12$1.24$1.18$0.05
2012Summary only. Only limited summary data is available for this year.$2.40$0.13$1.20$1.09$0.11
2011Summary only. Only limited summary data is available for this year.$2.30$0.14$1.16$1.07$0.09
Peer Organizations

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