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← IOWA FARM BUREAU FOUNDATION

Form 990 for tax year 2024

Filed by IOWA FARM BUREAU FOUNDATION.

Totals

Total revenue
$57,174
Total expenses
$27,480
Contributions and grants received
$33,471
Grants paid
$19,087
Program service revenue
$0
Investment income
$23,703
Other revenue
$0
Total assets, end of year
$606,721
Total liabilities, end of year
$73,817
Net assets or fund balances, end of year
$532,904
Program services expenses (Part IX)
$19,087
Management and general expenses
$8,393
Fundraising expenses
$0
Program service expenses (Part III)
$19,087

Program services were 69.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $6,602

  • 1f · All other contributions, gifts and grants

    $26,869

  • 3 · Investment income

    total $23,033 · excluded $23,033

  • 7a · Gross sales of assets other than inventory

    securities $56,902

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

    securities $56,232

  • 7c · Gain or loss

    securities $670

  • 7d · Net gain or loss

    total $670 · excluded $670

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,587 · program services $11,587

  • 2 · Grants to domestic individuals

    total $7,500 · program services $7,500

  • 11c · Fees: accounting

    total $2,329 · management and general $2,329

  • 11f · Fees: investment management

    total $3,252 · management and general $3,252

  • 24a · Other expenses: BANK CHARGES

    total $2,812 · management and general $2,812

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,286 · end of year $4,240

  • 4 · Accounts receivable

    beginning of year $132,264 · end of year $174,627

  • 12 · Investments: other securities

    beginning of year $409,278 · end of year $427,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,086 · end of year $2,983

  • 19 · Deferred revenue

    beginning of year $50,096 · end of year $70,834

  • 27 · Net assets without donor restrictions

    beginning of year $79,082 · end of year $80,309

  • 28 · Net assets with donor restrictions

    beginning of year $416,564 · end of year $452,595

Mission and programs · 2024

Mission

BUILDING IOWA'S VALUES BY RECOGNIZING AND RESPONDING TO SIGNIFICANTCHANGES IN IOWA - THOSE THAT FUNDAMENTALLY AFFECT FAMILIES AND COMMUNITIES.

Activities or mission (Part I)

BUILDING IOWA'S VALUES BY RECOGNIZING AND RESPONDING TO SIGNIFICANT CHANGES IN IOWA - THOSE THAT FUNDAMENTALLY AFFECT FAMILIES AND COMMUNITIES.

  • THE IOWA FARM BUREAU FOUNDATION PROVIDED GRANTS TO ORGANIZATIONS ACROSS THE STATE OF IOWA TO SUBSIDIZE PROGRAMS, ACTIVITIES, INITIATIVES, AND INDIVIDUALS WHO ARE PURSUING EXCELLENCE TO SERVE RURAL COMMUNITIES. RESOURCES PROVIDED ADDRESSED EDUCATIONAL NEEDS, FARM SAFETY, HEALTH AND WELLNESS, AND COMMUNITY BETTERMENT TO SUPPORT AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

    Expenses $19,087 · Grants $11,587

As filed on the 2024 return.

Listed in Part VII

  • Brent Johnson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Brian Feldpaush

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Randy Brincks

    DISTRICT 1 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Andy Hill

    DISTRICT 2 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Matt Schuiteman

    DISTRICT 3 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sharyl Bruning

    DISTRICT 4 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Allen Burt

    DISTRICT 5 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Joe Dierickx

    DISTRICT 6 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rick Plowman

    DISTRICT 7 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tim Kaldenberg

    DISTRICT 8 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Will Frazee

    DISTRICT 9 DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Marty Schwager

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Mark Wickham

    GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    0

  • Tim Bigley

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0

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.

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.

  • IOWA FARM BUREAU FEDERATION

    501(C)(5) · FARM MEMBERSHIP ORGANIZATION · IA · controlled entity

  • IFBF PROPERTY MANAGEMENT INC

    501(C)(2) · TITLE HOLDING COMPANY · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • IOWA WETLAND MITIGATION BANK INC

    501(C)(3) · ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • IOWANS FOR AGRICULTURE

    527 · POLITICAL ORGANIZATION · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • IOWA FARM BUREAU POLITICAL ACTION COMMITTEE

    527 · POLITICAL ACTION COMMITTEE · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RURAL VITALITY FUND LP

    INVESTMENT IRC 512 · INVESTMENT FUND · IA

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • RURAL VITALITY FUND II LP

    INVESTMENT IRC 512 · INVESTMENT FUND · IA

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • FB PROPERTY HOLDINGS LLC

    INVESTMENT IRC 512 · INVESTMENT FUND · IA

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • FB PROPERTY HOLDINGS II LLC

    INVESTMENT IRC 512 · INVESTMENT FUND · IA

    Directly controlled by IOWA FARM BUREAU FEDERATION

Related corporations and trusts

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

  • FARM BUREAU MANAGEMENT CORPORATION

    C · MANAGEMENT SERVICES COMPANY · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • FBL FINANCIAL GROUP INC

    C · INSURANCE SERVICES HOLDING COMPANY · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • CFB SERVICE COMPANY

    C · ACCOUNTING SERVICES · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

  • FARM BUREAU HEALTH BENEFIT PLAN LLC

    C · HEALTH BENEFIT PLAN · IA · controlled entity

    Directly controlled by IOWA FARM BUREAU FEDERATION

Provenance

Return type
form_990
Tax year
2024
Filed
14 September 2026
IRS schema version
2024v5.5
Source object
202602579349300755

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