Form 990 for tax year 2023

Totals

Total revenue

$264,055

Total expenses

$161,966

Contributions and grants received

$215,513

Grants paid

$1,000

Program service revenue

$0

Investment income

$48,542

Other revenue

$0

Total assets, end of year

$1,532,722

Total liabilities, end of year

$5,000

Net assets or fund balances, end of year

$1,527,722

Program services expenses (Part IX)

$89,096

Management and general expenses

$32,427

Fundraising expenses

$40,443

Program service expenses (Part III)

$89,096

Program services were 55.0% 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.

Mission and programs · 2023

• Indiana Agricultural Law Foundation INAgLaw supports litigation which has the potential to establish legal precedent and clarity on matters of concern to the agricultural community in Indiana. INAgLaw seeks to further the understanding of agricultural legal issues within the agricultural community, the public, and the judicial branch of government. This past year saw the culmination of several cases supported by INAgLaw. Two cases resulted in the clarification of Indiana law regarding takings and temporary, but inevitably recurring flooding of farmland. Each of these cases were considered by our Indiana Supreme Court. Also, the California initiative, Prop 12, which imposed production practices on farmers desiring to sell products there, was decided by the U.S. Supreme Court. Additionally, the Sackett WOTUS, clean water case was decided by the U.S. Supreme Court and provided clarification of the definition of navigable waters which is significant to all facets of agriculture. Both the Prop 12 case and Sackett case were supported by INAgLaw by participation in Amicus Curiae briefs.

  Expenses $22,892

• INAgLaw creates and supports educational programs that address legal issues facing farmers. Estate and succession planning impacts every farm in the state of Indiana. INAgLaw recognizes the significant role the Foundation can play in educating farmers in this area. In July 2023, INAgLaw held the tenth installment of its annual series Estate and Succession Planning for the Family Farm. This virtual program offered CLE credits to attending attorneys. INAgLaw coordinated the third installment of the Agricultural Planning and Zoning School, and updated the Agricultural Zoning Guide which is generally available to Indiana agricultural stakeholders. INAgLaw sponsored the American Agricultural Law Association annual meeting and the Indiana Farm Bureau Drainage School. CLE credits were offered to attending attorneys for both drainage and agricultural planning and zoning schools. INAgLaw also facilitated numerous telephone calls and Zoom meetings on agricultural law issues, solar leasing considerations and continues to help farmers find attorneys to represent their interests when necessary.

  Expenses $66,204 · Grants $1,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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.

• Indiana Farm Bureau Inc

  501c5 · membership · IN

• Farm Bureau Foundation

  501c3 · charitable · IN

• Indiana Farm Bureau AgELECT

  527 · PAC · IN

  Directly controlled by Indiana Farm Bureau Inc

• Indiana Farm Bureau Inc ELECT PAC

  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.

Provenance

Return type

form_990

Tax year

2023

Filed

7 May 2024

IRS schema version

2023v5.0

Source object

202411299349300611

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