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Nonprofiteer
← INDIANA FARM BUREAU

Form 990 for tax year 2024

Filed by INDIANA FARM BUREAU.

Totals

Total revenue
$13,437,290
Total expenses
$12,154,899
Contributions and grants received
$5,796,393
Grants paid
$285,242
Program service revenue
$535,748
Investment income
$2,624,474
Other revenue
$4,480,675
Total assets, end of year
$25,877,309
Total liabilities, end of year
$5,531,302
Net assets or fund balances, end of year
$20,346,007
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $5,216,393

  • 1f · All other contributions, gifts and grants

    $580,000

  • 2a · Program service revenue: PUBLICATIONS

    total $535,748 · related or exempt $535,748

  • 3 · Investment income

    total $2,581,358 · excluded $2,581,358

  • 5 · Royalties

    total $4,063,561 · unrelated business $427,458 · excluded $3,636,103

  • 7a · Gross sales of assets other than inventory

    securities $5,971,458 · other assets $54,939

  • 7b · Less cost or other basis and sales expenses

    securities $5,971,458 · other assets $11,823

  • 7c · Gain or loss

    securities $0 · other assets $43,116

  • 7d · Net gain or loss

    total $43,116 · excluded $43,116

  • 10a · Gross sales of inventory

    $29,526

  • 10b · Cost of goods sold

    $27,454

  • 10c · Net income from sales of inventory

    total $2,072 · related or exempt $2,072

  • 11a · Other revenue: FEES FROM AFFILIATES

    total $176,337 · related or exempt $176,337

  • 11b · Other revenue: MISCELLANEOUS

    total $89,346 · related or exempt $89,346

  • 11c · Other revenue: REBATES

    total $77,527 · unrelated business $77,527

  • 11d · All other revenue

    total $71,832 · unrelated business $71,832

  • 11e · Other revenue, total

    $415,042

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $285,242

  • 5 · Compensation of officers, directors and key employees

    total $1,109,020

  • 7 · Other salaries and wages

    total $4,271,457

  • 8 · Pension plan contributions

    total $458,720

  • 9 · Other employee benefits

    total $586,894

  • 10 · Payroll taxes

    total $371,709

  • 11b · Fees: legal

    total $19,415

  • 11c · Fees: accounting

    total $32,090

  • 11f · Fees: investment management

    total $7,940

  • 11g · Fees: other

    total $239,298

  • 12 · Advertising and promotion

    total $180,213

  • 13 · Office expenses

    total $144,535

  • 14 · Information technology

    total $236,131

  • 16 · Occupancy

    total $307,778

  • 17 · Travel

    total $606,186

  • 19 · Conferences, conventions and meetings

    total $648,222

  • 22 · Depreciation, depletion and amortization

    total $445,027

  • 23 · Insurance

    total $16,568

  • 24a · Other expenses: CORPORATE INCOME TAXES

    total $120,666

  • 24b · Other expenses: MEMBER PUBLICATIONS

    total $902,207

  • 24c · Other expenses: YOUNG FARMER PROGRAM

    total $225,274

  • 24d · Other expenses: MEMBERSHIP BILLING EXPE

    total $212,113

  • 24e · All other expenses

    total $728,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,441,151 · end of year $6,474,707

  • 2 · Savings and temporary cash investments

    beginning of year $3,540,261 · end of year $2,740,000

  • 4 · Accounts receivable

    beginning of year $93,360 · end of year $99,194

  • 7 · Other notes and loans receivable

    beginning of year $200,000 · end of year $175,000

  • 8 · Inventories for sale or use

    beginning of year $27,563 · end of year $20,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,765 · end of year $178,750

  • 10a · Land, buildings and equipment: cost or other basis

    $3,086,942

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,883,560

  • 10c · Land, buildings and equipment, net

    beginning of year $1,467,176 · end of year $1,203,382

  • 11 · Investments: publicly traded securities

    beginning of year $10,945,208 · end of year $12,287,681

  • 12 · Investments: other securities

    beginning of year $2,504,000 · end of year $2,504,000

  • 15 · Other assets

    beginning of year $123,549 · end of year $193,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,556,600 · end of year $2,410,453

  • 19 · Deferred revenue

    beginning of year $2,805,423 · end of year $3,107,782

  • 25 · Other liabilities

    beginning of year $16,977 · end of year $13,067

  • 27 · Net assets without donor restrictions

    beginning of year $19,099,558 · end of year $20,344,668

  • 28 · Net assets with donor restrictions

    beginning of year $12,475 · end of year $1,339

Mission and programs · 2024

Mission

INDIANA FARM BUREAU, OUR MISSION IS TO PROTECT AND ENHANCE THE FUTURE OF AGRICULTURE AND OUR COMMUNITIES.

  • SEE SCHEDULE O

  • SEE SCHEDULE O

  • SEE SCHEDULE O

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Randall Kron

    PRESIDENT

    Total calculated
    $408,393
    From this org
    $150,699
    From related orgs
    $175,729
    Other
    $81,965
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $119,433 + $149,662 related
    Bonus
    $10,200
    Other
    $21,066 + $26,067 related
    Deferred
    $27,365 + $37,026 related
    Nontaxable benefits
    $17,574
    Filer's total
    $195,638 + $212,755 related

  • Kendell Culp

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $85,661
    From this org
    $77,935
    From related orgs
    $0
    Other
    $7,726
    Hours/week
    20 + 2 related

  • Janis Highley

    DIRECTOR, 2ND VICE PRESIDE

    Total calculated
    $0
    Hours/week
    20

  • Bruce Guernsey

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Bruce Herr

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Harold Parker

    DIRECTOR (TERM ENDED 12/14)

    Total calculated
    $25,050
    From this org
    $13,550
    From related orgs
    $0
    Other
    $11,500
    Hours/week
    10 + 10 related

  • Jon Sparks

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $0
    Other
    $12,000
    Hours/week
    10 + 10 related

  • Kermit Paris

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Kevin Ousley

    DIRECTOR

    Total calculated
    $33,647
    From this org
    $13,200
    From related orgs
    $20,447
    Other
    $0
    Hours/week
    10 + 10 related

  • Kevin Underwood

    DIRECTOR (TERM ENDED 12/14)

    Total calculated
    $25,350
    From this org
    $13,850
    From related orgs
    $11,500
    Other
    $0
    Hours/week
    10 + 10 related

  • Mark Seib

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Matthew Hayden

    DIRECTOR (TERM BEGINS 12/14)

    Total calculated
    $1,050
    From this org
    $550
    From related orgs
    $500
    Other
    $0
    Hours/week
    10 + 10 related

  • Robert Geswein

    DIRECTOR

    Total calculated
    $25,200
    From this org
    $13,200
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Terry Hayhurst

    DIRECTOR

    Total calculated
    $25,575
    From this org
    $13,575
    From related orgs
    $12,000
    Other
    $0
    Hours/week
    10 + 10 related

  • Corina Brant

    DIRECTOR (TERM BEGINS 12/14)

    Total calculated
    $1,050
    From this org
    $550
    From related orgs
    $500
    Other
    $0
    Hours/week
    10 + 10 related

  • Mark Sigler

    SECRETARY / TREASURER

    Total calculated
    $380,325
    From this org
    $302,550
    From related orgs
    $0
    Other
    $77,775
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,112
    Bonus
    $24,080
    Other
    $19,358
    Deferred
    $60,202
    Nontaxable benefits
    $17,573
    Filer's total
    $380,325

  • Robin Heldman

    ASSISTANT SECRETARY

    Total calculated
    $126,897
    From this org
    $87,111
    From related orgs
    $0
    Other
    $39,786
    Hours/week
    40

  • Elaine Rueff

    ASSISTANT TREASURER

    Total calculated
    $166,584
    From this org
    $124,610
    From related orgs
    $0
    Other
    $41,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,214
    Bonus
    $11,070
    Other
    $1,326
    Deferred
    $32,429
    Nontaxable benefits
    $9,545
    Filer's total
    $166,584

  • Laura Ruhlman

    EXECUTIVE DIRECTOR, MARKET

    Total calculated
    $143,238
    From this org
    $131,557
    From related orgs
    $0
    Other
    $11,681
    Hours/week
    40

  • Katrina Hall

    SENIOR DIRECTOR POLICY STR

    Total calculated
    $221,324
    From this org
    $180,348
    From related orgs
    $0
    Other
    $40,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,882
    Bonus
    $12,000
    Other
    $2,466
    Deferred
    $40,259
    Nontaxable benefits
    $717
    Filer's total
    $221,324

  • Mark Thornburg

    EXECUTIVE DIRECTOR, LEGAL

    Total calculated
    $228,989
    From this org
    $164,428
    From related orgs
    $0
    Other
    $64,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,452
    Bonus
    $12,240
    Other
    $2,736
    Deferred
    $40,985
    Nontaxable benefits
    $23,576
    Filer's total
    $228,989

  • Megan Ritter

    EXECUTIVE DIRECTOR OF ADMI

    Total calculated
    $230,494
    From this org
    $190,946
    From related orgs
    $0
    Other
    $39,548
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,070
    Bonus
    $14,720
    Other
    $1,156
    Deferred
    $15,870
    Nontaxable benefits
    $23,678
    Filer's total
    $230,494

  • Randall Tauer

    EXECUTIVE DIRECTOR, PUBLIC

    Total calculated
    $195,947
    From this org
    $159,666
    From related orgs
    $0
    Other
    $36,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,987
    Bonus
    $12,000
    Other
    $679
    Deferred
    $12,703
    Nontaxable benefits
    $23,578
    Filer's total
    $195,947

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • FARM BUREAU FOUNDATION

    501(C)(3) · CHARITABLE · IN

  • INDIANA AGRICULTURAL LAW FOUNDATION

    501(C)(3) · CHARITABLE · IN

  • INDIANA AGELECT

    SECTION 527 · PAC · IN

    Directly controlled by INDIANA FARM BUREAU INC

  • INDIANA FARM BUREAU ELECT (SSF)

    SECTION 527 · PAC · IN

    Directly controlled by INDIANA FARM BUREAU INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNITED FARM FAMILY LIFE INSURANCE CO

    C · INSURANCE · IN · 100% owned · share of income -$38,147 · share of assets $2,602,272,823 · controlled entity

    Directly controlled by INDIANA FARM BUREAU INC

  • UNITED HOME LIFE INSURANCE COMPANY

    C · INSURANCE · IN

  • INDIANA FARM BUREAU MEMBERS HEALTH LLC

    C · INSURANCE · IN · 100% owned · share of income $254,821 · share of assets $4,697,537 · controlled entity

    Directly controlled by INDIANA FARM BUREAU INC

  • HARVEST HOLDINGS LLC

    C · INSURANCE · IN

Provenance

Return type
form_990
Tax year
2024
Filed
18 August 2025
IRS schema version
2024v5.2
Source object
202502319349301635

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