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Nonprofiteer
← FARM CREDIT COUNCIL

Form 990 for tax year 2024

Filed by FARM CREDIT COUNCIL.

Totals

Total revenue
$13,247,700
Total expenses
$12,289,988
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,160,118
Investment income
$87,582
Other revenue
$0
Total assets, end of year
$34,379,092
Total liabilities, end of year
$6,093,908
Net assets or fund balances, end of year
$28,285,184
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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $10,240,745 · related or exempt $10,240,745

  • 2b · Program service revenue: REGISTRATION INCOME

    total $2,908,873 · related or exempt $2,908,873

  • 2c · Program service revenue: SPONSORSHIP REVENUE

    total $10,500 · related or exempt $10,500

  • 3 · Investment income

    total $93,188 · excluded $93,188

  • 7a · Gross sales of assets other than inventory

    securities $6,930,028

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

    securities $6,935,634

  • 7c · Gain or loss

    securities -$5,606

  • 7d · Net gain or loss

    total -$5,606 · excluded -$5,606

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $3,130,099

  • 7 · Other salaries and wages

    total $1,476,813

  • 9 · Other employee benefits

    total $306,310

  • 10 · Payroll taxes

    total $245,467

  • 11b · Fees: legal

    total $201,040

  • 11f · Fees: investment management

    total $15,566

  • 11g · Fees: other

    total $1,630,391

  • 13 · Office expenses

    total $48,720

  • 16 · Occupancy

    total $355,647

  • 17 · Travel

    total $1,143,065

  • 19 · Conferences, conventions and meetings

    total $1,385,346

  • 22 · Depreciation, depletion and amortization

    total $34,181

  • 23 · Insurance

    total $24,909

  • 24a · Other expenses: PUBLIC RELATIONS & DUES

    total $2,104,656

  • 24b · Other expenses: SUBSCRIPTIONS AND PUBLI

    total $84,885

  • 24c · Other expenses: TRAINING

    total $36,476

  • 24d · Other expenses: BANK FEES

    total $30,648

  • 24e · All other expenses

    total $35,769

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,146,230 · end of year $1,998,658

  • 2 · Savings and temporary cash investments

    beginning of year $1,400,561 · end of year $1,338,618

  • 4 · Accounts receivable

    beginning of year $75,605 · end of year $154,975

  • 5 · Loans and receivables from officers and key people

    beginning of year $2,177,055 · end of year $2,023,343

  • 9 · Prepaid expenses and deferred charges

    beginning of year $377,154 · end of year $421,720

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

    $931,131

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

    $615,877

  • 10c · Land, buildings and equipment, net

    beginning of year $289,765 · end of year $315,254

  • 11 · Investments: publicly traded securities

    beginning of year $5,545,664 · end of year $5,667,756

  • 15 · Other assets

    beginning of year $20,049,306 · end of year $22,458,768

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,564,999 · end of year $1,479,845

  • 19 · Deferred revenue

    beginning of year $345,350 · end of year $545,282

  • 25 · Other liabilities

    beginning of year $4,382,197 · end of year $4,068,781

  • 27 · Net assets without donor restrictions

    beginning of year $24,768,794 · end of year $28,285,184

Mission and programs · 2024

Mission

REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF THE FARM CREDIT SYSTEM. THE FARM CREDIT SYSTEM IS A NATIONWIDE NETWORK OF COOPERATIVELY-OWNED BANKS AND ASSOCIATIONS THAT PROVIDE CREDIT AND RELATED SERVICES TO AGRICULTURE AND RURAL COMMUNITIES.

Activities or mission (Part I)

REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF COOPERATIVE FARM LENDERS.

  • MONITORING AND INFORMING MEMBERS OF PROPOSED LEGISLATION BEFORE FEDERAL OR STATE LEGISLATIVE BODIES OF PROPOSED ACTIONS, POLICIES, RULINGS, OR REGULATIONS OF ANY FEDERAL OR STATE AGENCY OR ADMINISTRATIVE BODY, AND OF ANY OTHER MATTERS, WHICH MAY AFFECT THE SYSTEM.

  • PRESENTING THE VIEWS OF ITS MEMBERS TO FEDERAL OR STATE LEGISLATORS, REGULATORY OFFICIALS, OTHER GOVERNMENT OFFICIALS, AND THE PUBLIC ON MATTERS WHICH MAY AFFECT THE SYSTEM.

  • PROVIDING IMPROVED COMMUNICATION AMONG ITS MEMBERS AND BETWEEN ITS MEMBERS AND THE PUBLIC, INCLUDING THE COLLECTION OF INFORMATION FROM AND THE DISTRIBUTION OF INFORMATION TO ITS MEMBERS AND THE PUBLIC.

As filed on the 2024 return.

Listed in Part VII

  • Jon E Marthedal

    DIRECTOR

    Total calculated
    $36,111
    From this org
    $36,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Michael Stone

    CHAIR

    Total calculated
    $43,831
    From this org
    $43,831
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Jenny Black

    DIRECTOR

    Total calculated
    $36,348
    From this org
    $36,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Laura Braun

    DIRECTOR

    Total calculated
    $36,560
    From this org
    $36,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Dan Childs

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Stan Claussen

    VICE CHAIR

    Total calculated
    $41,111
    From this org
    $41,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Bryan Scott Bell

    DIRECTOR

    Total calculated
    $36,111
    From this org
    $36,111
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Mark Ellison

    DIRECTOR

    Total calculated
    $17,196
    From this org
    $17,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Duane Mark Gray

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jack Dailey

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • William Jackson

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Kragnes

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • John Kuegel Jr

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Susan Lagrande

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Chad Lee

    DIRECTOR

    Total calculated
    $39,668
    From this org
    $39,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Catherine Moyer

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jennifer Rhodes

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Peter Triandafillou

    DIRECTOR

    Total calculated
    $39,392
    From this org
    $39,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Brandon Wittman

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • David Haase

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Chris Roberts

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Tim Rowe

    DIRECTOR

    Total calculated
    $34,392
    From this org
    $34,392
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jennifer Zessin

    DIRECTOR

    Total calculated
    $8,598
    From this org
    $8,598
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Larry Todd Van Hoose

    PRESIDENT & CEO

    Total calculated
    $969,943
    From this org
    $892,063
    From related orgs
    $0
    Other
    $77,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $592,063
    Bonus
    $300,000
    Other
    $0
    Deferred
    $54,050
    Nontaxable benefits
    $23,830
    Filer's total
    $969,943

  • Deborah Garrett Wing

    EXECUTIVE VP - COMMUNICATIONS

    Total calculated
    $501,763
    From this org
    $439,471
    From related orgs
    $0
    Other
    $62,292
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $342,663
    Bonus
    $96,808
    Other
    $0
    Deferred
    $37,435
    Nontaxable benefits
    $24,857
    Filer's total
    $501,763

  • Brad Langan

    TREASURER

    Total calculated
    $349,139
    From this org
    $0
    From related orgs
    $310,721
    Other
    $38,418
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,489 related
    Bonus
    $0 + $100,232 related
    Other
    $0
    Deferred
    $0 + $25,533 related
    Nontaxable benefits
    $0 + $12,885 related
    Filer's total
    $0 + $349,139 related

  • Robert P Boone

    SENIOR VP, REG AFFAIRS & GEN COUNSEL

    Total calculated
    $513,276
    From this org
    $428,684
    From related orgs
    $0
    Other
    $84,592
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,796
    Bonus
    $69,888
    Other
    $0
    Deferred
    $59,290
    Nontaxable benefits
    $25,302
    Filer's total
    $513,276

  • Gary Matteson

    SENIOR VP, BEG FARMER PROG

    Total calculated
    $293,722
    From this org
    $262,936
    From related orgs
    $0
    Other
    $30,786
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,928
    Bonus
    $44,008
    Other
    $0
    Deferred
    $18,353
    Nontaxable benefits
    $12,433
    Filer's total
    $293,722

  • Jeanette Mesirow

    EXECUTIVE VP, GOVERNMENT AFFA

    Total calculated
    $332,216
    From this org
    $293,902
    From related orgs
    $0
    Other
    $38,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,854
    Bonus
    $48,048
    Other
    $0
    Deferred
    $25,421
    Nontaxable benefits
    $12,893
    Filer's total
    $332,216

  • Skylar Sowder

    VP GOVERNMENT AFFAIRS

    Total calculated
    $306,398
    From this org
    $270,834
    From related orgs
    $0
    Other
    $35,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,834
    Bonus
    $45,000
    Other
    $0
    Deferred
    $23,878
    Nontaxable benefits
    $11,686
    Filer's total
    $306,398

  • Anne Russell Thompson

    VP YOUNG & BEGINNING FARMER P

    Total calculated
    $212,780
    From this org
    $185,563
    From related orgs
    $0
    Other
    $27,217
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,563
    Bonus
    $0
    Other
    $0
    Deferred
    $16,777
    Nontaxable benefits
    $10,440
    Filer's total
    $212,780

  • Mark Hayes

    VP EXTERNAL COMMUNICATIONS

    Total calculated
    $136,712
    From this org
    $125,424
    From related orgs
    $0
    Other
    $11,288
    Hours/week
    40

  • Lucas Michele

    SR DIRECTOR, MEETINGS AND

    Total calculated
    $210,591
    From this org
    $168,027
    From related orgs
    $0
    Other
    $42,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,335
    Bonus
    $24,692
    Other
    $0
    Deferred
    $26,659
    Nontaxable benefits
    $15,905
    Filer's total
    $210,591

  • Suzanne Kluss Crawford

    OFFICE MANAGER AND EXECUTI

    Total calculated
    $172,861
    From this org
    $158,548
    From related orgs
    $0
    Other
    $14,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,348
    Bonus
    $25,200
    Other
    $0
    Deferred
    $14,313
    Nontaxable benefits
    $0
    Filer's total
    $172,861

  • Mary Streiffert

    DIRECTOR COMMUNICATIONS AN

    Total calculated
    $117,540
    From this org
    $102,667
    From related orgs
    $0
    Other
    $14,873
    Hours/week
    40

  • Morgan Leigh Anderson

    SR. DIRECTOR OF DIGITAL CO

    Total calculated
    $177,408
    From this org
    $157,814
    From related orgs
    $0
    Other
    $19,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,102
    Bonus
    $23,712
    Other
    $0
    Deferred
    $13,526
    Nontaxable benefits
    $6,068
    Filer's total
    $177,408

  • Tony B Watlington Jr

    DIRECTOR, GOVT AFFAIRS

    Total calculated
    $127,866
    From this org
    $112,246
    From related orgs
    $0
    Other
    $15,620
    Hours/week
    40

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 · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 1A:
PAYMENT OF TRAVEL AND OTHER EXPENSES FOR BOARD SPOUSE ATTENDANCE AT THE ANNUAL MEETING ARE PAID BY THE COMPANY, AND ARE INCLUDED IN THE EMPLOYEE'S W-2, AS IS AUTHORIZED BY THE BOARD.

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

No itemized grants to organizations 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 CREDIT POLITICAL ACTION COMMITTEE

    527 · POLITICAL · DC · controlled entity

    Directly controlled by THE FARM CREDIT COUNCIL

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.

  • FARM CREDIT COUNCIL SERVICES INC

    C · RISK MANAGEMENT · CO · 100% owned · share of income $20,052,375 · share of assets $24,586,154 · controlled entity

    Directly controlled by FARM CREDIT COUNCIL

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349308756

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