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← FARMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA ROCKY MTN DIV

Form 990 for tax year 2023

Filed by FARMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA ROCKY MTN DIV.

Totals

Total revenue
$1,556,302
Total expenses
$1,418,404
Contributions and grants received
$148,118
Grants paid
$29,790
Program service revenue
$202,516
Investment income
$1,203,865
Other revenue
$1,803
Total assets, end of year
$5,588,416
Total liabilities, end of year
$262,507
Net assets or fund balances, end of year
$5,325,909
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

    $148,118

  • 2a · Program service revenue: PARTICIPATION FEES

    total $193,906 · related or exempt $193,906

  • 2b · Program service revenue: CONVENTION REGISTRATION FEE

    total $8,610 · related or exempt $8,610

  • 3 · Investment income

    total $1,203,865 · unrelated business $1,400 · excluded $1,202,465

  • 11a · Other revenue: OTHER INCOME

    total $1,803 · related or exempt $1,803

  • 11e · Other revenue, total

    $1,803

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,790

  • 4 · Benefits paid to or for members

    total $24,025

  • 5 · Compensation of officers, directors and key employees

    total $193,749

  • 7 · Other salaries and wages

    total $419,841

  • 8 · Pension plan contributions

    total $38,149

  • 9 · Other employee benefits

    total $66,963

  • 10 · Payroll taxes

    total $41,476

  • 11a · Fees: management

    total $41,119

  • 11b · Fees: legal

    total $12,318

  • 11c · Fees: accounting

    total $9,808

  • 11d · Fees: lobbying

    total $80,116

  • 11f · Fees: investment management

    total $7,237

  • 11g · Fees: other

    total $6,000

  • 12 · Advertising and promotion

    total $13,222

  • 13 · Office expenses

    total $94,201

  • 14 · Information technology

    total $43,612

  • 16 · Occupancy

    total $67,825

  • 17 · Travel

    total $71,602

  • 19 · Conferences, conventions and meetings

    total $114,400

  • 22 · Depreciation, depletion and amortization

    total $3,130

  • 23 · Insurance

    total $15,780

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $23,643

  • 24b · Other expenses: TAXES - OTHER

    total $398

  • 24c · Other expenses: OVERHEAD ALLOCATION

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,935 · end of year $33,949

  • 4 · Accounts receivable

    beginning of year $49,589 · end of year $51,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,991 · end of year $16,591

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

    $15,648

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

    $5,477

  • 10c · Land, buildings and equipment, net

    beginning of year $13,300 · end of year $10,171

  • 11 · Investments: publicly traded securities

    beginning of year $1,213,970 · end of year $1,459,022

  • 12 · Investments: other securities

    beginning of year $3,453,574 · end of year $3,976,717

  • 15 · Other assets

    beginning of year $0 · end of year $39,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,256 · end of year $122,679

  • 19 · Deferred revenue

    beginning of year $124,375 · end of year $139,828

  • 25 · Other liabilities

    beginning of year $9,174 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,494,554 · end of year $5,325,909

Mission and programs · 2023

Mission

TO PROMOTE THE BETTERMENT OF AGRICULTURE AND THE AMERICAN FARM FAMILY IN THE STATES OF COLORADO, WYOMING, AND NEW MEXICO. TO EDUCATE ITS MEMBERS IN THE TECHNIQUES OF FARMING PRODUCTION, DISTRIBUTION AND THE PROCESS OF PURCHASING PRODUCTS.

  • EDUCATION OF ITS MEMBERS IN THE TECHNIQUES OF FARMING PRODUCTION, DISTRIBUTION AND THE PROCESS OF PURCHASING PRODUCTS.

As filed on the 2023 return.

Listed in Part VII

  • CHAD FRANKE

    PRESIDENT

    Total calculated
    $44,355
    From this org
    $0
    From related orgs
    $44,355
    Other
    $0
    Hours/week
    15 + 5 related

  • DALE MCCALL

    VICE PRESIDENT (LEFT IN 2023)

    Total calculated
    $11,000
    From this org
    $0
    From related orgs
    $11,000
    Other
    $0
    Hours/week
    3 + 1 related

  • NICOLE PERCHESS

    VICE PRESIDENT

    Total calculated
    $2,760
    From this org
    $0
    From related orgs
    $2,760
    Other
    $0
    Hours/week
    3 + 1 related

  • BARBARA MARTY

    SECRETARY

    Total calculated
    $11,250
    From this org
    $0
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    3 + 1 related

  • JOHN FIELD

    TREASURER

    Total calculated
    $10,500
    From this org
    $0
    From related orgs
    $10,500
    Other
    $0
    Hours/week
    3 + 1 related

  • JANETTE KOCHIS

    DIRECTOR

    Total calculated
    $11,250
    From this org
    $0
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    3 + 1 related

  • EMILY BROWN

    DIRECTOR

    Total calculated
    $10,360
    From this org
    $0
    From related orgs
    $10,360
    Other
    $0
    Hours/week
    3 + 1 related

  • HANA FANCHER

    DIRECTOR

    Total calculated
    $10,120
    From this org
    $0
    From related orgs
    $10,120
    Other
    $0
    Hours/week
    3 + 1 related

  • SARAH WENTZEL-FISHER

    DIRECTOR

    Total calculated
    $11,625
    From this org
    $0
    From related orgs
    $11,625
    Other
    $0
    Hours/week
    3 + 1 related

  • DANNY WOOD

    DIRECTOR

    Total calculated
    $10,435
    From this org
    $0
    From related orgs
    $10,435
    Other
    $0
    Hours/week
    3 + 1 related

  • BEN RAINBOLT

    CEO

    Total calculated
    $194,323
    From this org
    $0
    From related orgs
    $165,100
    Other
    $29,223
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $137,600 related
    Bonus
    $0 + $27,500 related
    Other
    $0
    Deferred
    $0 + $11,557 related
    Nontaxable benefits
    $0 + $17,666 related
    Filer's total
    $0 + $194,323 related

  • SHELLEY WESTPHAL

    CFO & ASSISTANT TREASURER

    Total calculated
    $155,906
    From this org
    $0
    From related orgs
    $144,436
    Other
    $11,470
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,936 related
    Bonus
    $0 + $27,500 related
    Other
    $0
    Deferred
    $0 + $10,111 related
    Nontaxable benefits
    $0 + $1,359 related
    Filer's total
    $0 + $155,906 related

  • KYLE BRADLEY

    COO FUSA

    Total calculated
    $332,203
    From this org
    $0
    From related orgs
    $295,134
    Other
    $37,069
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,865 related
    Bonus
    $0 + $116,100 related
    Other
    $0 + $2,169 related
    Deferred
    $0 + $20,508 related
    Nontaxable benefits
    $0 + $16,561 related
    Filer's total
    $0 + $332,203 related

  • DOUG COMPTON

    DIRECTOR OF SALES FUSA

    Total calculated
    $253,579
    From this org
    $0
    From related orgs
    $215,328
    Other
    $38,251
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,366 related
    Bonus
    $0 + $47,447 related
    Other
    $0 + $2,515 related
    Deferred
    $0 + $14,897 related
    Nontaxable benefits
    $0 + $23,354 related
    Filer's total
    $0 + $253,579 related

  • TIMOTHY BROWN

    DIRECTOR OF FIELD OPERATIONS FUSA

    Total calculated
    $228,703
    From this org
    $0
    From related orgs
    $195,106
    Other
    $33,597
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,175 related
    Bonus
    $0 + $34,332 related
    Other
    $0 + $2,599 related
    Deferred
    $0 + $13,476 related
    Nontaxable benefits
    $0 + $20,121 related
    Filer's total
    $0 + $228,703 related

  • JEFF MCGIMSEY

    PERSONAL LINES SALES MANAGER FUSA

    Total calculated
    $217,567
    From this org
    $0
    From related orgs
    $182,661
    Other
    $34,906
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,801 related
    Bonus
    $0 + $22,860 related
    Other
    $0
    Deferred
    $0 + $12,786 related
    Nontaxable benefits
    $0 + $22,120 related
    Filer's total
    $0 + $217,567 related

  • VICKIE PARK

    OPERATIONS MANAGER FUSA

    Total calculated
    $182,935
    From this org
    $0
    From related orgs
    $156,112
    Other
    $26,823
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,327 related
    Bonus
    $0 + $32,785 related
    Other
    $0
    Deferred
    $0 + $10,928 related
    Nontaxable benefits
    $0 + $15,895 related
    Filer's total
    $0 + $182,935 related

  • KATHLEEN ROBINSON

    COMM. & FARM SALES MANAGER FUSA

    Total calculated
    $137,756
    From this org
    $0
    From related orgs
    $118,028
    Other
    $19,728
    Hours/week
    1 + 40 related

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

None.

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 3
COMPENSATION PAID BY A RELATED ORGANIZATION TO THE CEO IS ESTABLISHED BY BOARD APPROVAL, AND A COMPENSATION STUDY WAS COMPLETED IN 2024.

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.

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.

  • FARMERS UNION SERVICE ASSOCIATION

    C · INSURANCE · CO · 100% owned · share of income $26,253,650 · share of assets $15,222,810 · controlled entity

    Directly controlled by THE FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA ROCKY MOUNTAIN DIV

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202433139349303243

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