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Nonprofiteer
← IOWA FARM BUREAU FEDERATION

Form 990 for tax year 2022

Filed by IOWA FARM BUREAU FEDERATION.

Totals

Total revenue
$1,138,601
Total expenses
$128,446
Contributions and grants received
$1,010,428
Grants paid
$4,150
Program service revenue
$60,400
Investment income
$30,581
Other revenue
$37,192
Total assets, end of year
$1,235,260
Total liabilities, end of year
$7,352
Net assets or fund balances, end of year
$1,227,908
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.

  • 1d · Related organizations

    $1,002,203

  • 1f · All other contributions, gifts and grants

    $8,225

  • 1g · Noncash contributions included above

    $995,176

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $60,400 · related or exempt $60,400

  • 3 · Investment income

    total $30,444 · excluded $30,444

  • 5 · Royalties

    total $18,912 · excluded $18,912

  • 6a · Gross rents

    real property $21,600

  • 6b · Less rental expenses

    real property $5,899

  • 6c · Rental income or loss

    real property $15,701

  • 6d · Net rental income or loss

    total $15,701 · related or exempt $15,701

  • 7a · Gross sales of assets other than inventory

    securities $5,047

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

    securities $4,910

  • 7c · Gain or loss

    securities $137

  • 7d · Net gain or loss

    total $137 · excluded $137

  • 11a · Other revenue: Expense Recoveries

    total $2,579 · related or exempt $2,579

  • 11e · Other revenue, total

    $2,579

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,750

  • 2 · Grants to domestic individuals

    total $2,400

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $16,836

  • 5 · Compensation of officers, directors and key employees

    total $400

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $28,579

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $127

  • 10 · Payroll taxes

    total $2,175

  • 11a · Fees: management

    total $1,510

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $885

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $1,418

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $9,708

  • 13 · Office expenses

    total $6,027

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,300

  • 17 · Travel

    total $177

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $7,675

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $33,220

  • 22 · Depreciation, depletion and amortization

    total $2,331

  • 23 · Insurance

    total $2,014

  • 24a · Other expenses: SPOKESMAN, DUES SUBSCRIPTIONS

    total $3,104

  • 24b · Other expenses: AG COMMUNITY PROMOTION

    total $2,470

  • 24c · Other expenses: MEMBERSHIP ACQUISITION

    total $3,282

  • 24d · Other expenses: MISCELLANEOUS

    total $58

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $67,828 · end of year $72,718

  • 4 · Accounts receivable

    beginning of year $1,533 · end of year $1,489

  • 9 · Prepaid expenses and deferred charges

    end of year $1,381

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

    $145,527

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

    $112,176

  • 10c · Land, buildings and equipment, net

    beginning of year $28,878 · end of year $33,351

  • 11 · Investments: publicly traded securities

    beginning of year $150,958 · end of year $131,145

  • 15 · Other assets

    end of year $995,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,561 · end of year $5,552

  • 19 · Deferred revenue

    beginning of year $1,800 · end of year $1,800

  • 27 · Net assets without donor restrictions

    beginning of year $243,836 · end of year $232,732

  • 28 · Net assets with donor restrictions

    end of year $995,176

Mission and programs · 2022

Mission

To create a vibrant future for agriculture, farm families their communities.

  • Public Relations/County Promotional Events Grundy County Farm Bureau hosted a Celebration of Ag in March to kick-off Ag Week. The event was held at a local venue and partially funded by sponsorships from area, mostly ag related businesses. There were three levels of sponsorships Blue Ribbon, Reserve Grand Champion and Grand Champion. A sponsorship entitled the business to 8 tickets to the event to share with employees or clients. The event included a catered meal and entertainment, in 2022-the Funniest Farmer in America. There were close to 300 people in attendance. At the county fair in July, GCFB served pulled pork sandwiches with chips and water to 400 people. In December, the board donated 1,500 in beef certificates, eggs, dairy products, and other food to Operation Threshold - a local Food Pantry. Along with the food items, recipes and nutrition facts were provided. The promotion was advertised to local media and social media. Posters about the benefits of real meat were posted at grocery stores.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sarah Rickelman

    PRESIDENT

    Total calculated
    $400
    From this org
    $0
    From related orgs
    $0
    Other
    $400
    Hours/week
    1.5
  • Bill Noteboom

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5
  • Matt Simms

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5
  • Whitney Heinrich

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Jon Freese

    VOTING DELEGATE

    Total calculated
    $0
    Hours/week
    1.5
  • Jr Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jesse Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bailey Uhlenhopp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Adam Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jared Krausman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Clay Geiter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Zach Meester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Dalton Henze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jake Hooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tim Diamond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
3 August 2023
IRS schema version
2022v5.0
Source object
202322339349301102

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