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Nonprofiteer
← IOWA FARM BUREAU FEDERATION

Form 990 for tax year 2023

Filed by IOWA FARM BUREAU FEDERATION.

Totals

Total revenue
$574,851
Total expenses
$544,921
Contributions and grants received
$93,131
Grants paid
$39,855
Program service revenue
$397,075
Investment income
$59,964
Other revenue
$24,681
Total assets, end of year
$3,312,966
Total liabilities, end of year
$8,916
Net assets or fund balances, end of year
$3,304,050
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $93,131

  • 2a · Program service revenue: Membership dues

    total $397,075 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $74,802 · unrelated business $0 · excluded $74,802

  • 6a · Gross rents

    real property $41,357

  • 6b · Less rental expenses

    real property $66,483

  • 6c · Rental income or loss

    real property -$25,126

  • 6d · Net rental income or loss

    total -$25,126 · excluded -$25,126

  • 7a · Gross sales of assets other than inventory

    securities $60,079 · other assets $20,000

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

    securities $74,917 · other assets $20,000

  • 7c · Gain or loss

    securities -$14,838 · other assets $0

  • 7d · Net gain or loss

    total -$14,838 · related or exempt $0 · unrelated business $0 · excluded -$14,838

  • 11a · Other revenue: Expense recoveries

    total $49,429 · related or exempt $49,429 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Other

    total $378 · related or exempt $378 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $49,807

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $26,855 · program services $0

  • 2 · Grants to domestic individuals

    total $13,000 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $355 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $111,176 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $388 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $8,641 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $11,345 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $11,595 · program services $0 · management and general $0 · fundraising $0

  • 11f · Fees: investment management

    total $5,413 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $103 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $3,207 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $39,797 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $6,574 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $16,710 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $249,590 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $724 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $3,609 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Dues and subscriptions

    total $17,853 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Membership acquisition

    total $7,509 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Other program services

    total $9,078 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Repairs and maintenance

    total $1,385 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $14 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $169,084 · end of year $80,422

  • 2 · Savings and temporary cash investments

    beginning of year $18,289 · end of year $139,681

  • 4 · Accounts receivable

    beginning of year $19,932 · end of year $17,807

  • 9 · Prepaid expenses and deferred charges

    end of year $1,000

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

    $868,074

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

    $465,042

  • 10c · Land, buildings and equipment, net

    beginning of year $422,496 · end of year $403,032

  • 11 · Investments: publicly traded securities

    beginning of year $670,813 · end of year $773,377

  • 12 · Investments: other securities

    beginning of year $1,890,622 · end of year $1,897,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,769 · end of year $8,916

  • 27 · Net assets without donor restrictions

    beginning of year $3,178,467 · end of year $3,304,050

Mission and programs · 2023

Mission

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

  • See Schedule O.

  • See Schedule O.

  • See Schedule O.

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

Listed in Part VII

  • Gary Beattie

    President

    Total calculated
    $20
    From this org
    $0
    From related orgs
    $0
    Other
    $20
    Hours/week
    2.5
  • Joshua Remington

    Vice President

    Total calculated
    $150
    From this org
    $0
    From related orgs
    $0
    Other
    $150
    Hours/week
    2.5
  • Christie Jensen

    Secretary

    Total calculated
    $0
    Hours/week
    2.5
  • Luanne Towers

    Treasurer

    Total calculated
    $0
    Hours/week
    2.5
  • Cris Friedrickson

    Voting Delegate

    Total calculated
    $55
    From this org
    $0
    From related orgs
    $0
    Other
    $55
    Hours/week
    2.5
  • Steve Lee

    Director

    Total calculated
    $20
    From this org
    $0
    From related orgs
    $0
    Other
    $20
    Hours/week
    1.5
  • Todd Volz

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Grant Kimberely

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Carol Miller

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Candice Engler

    Former Director (10/23)

    Total calculated
    $40
    From this org
    $0
    From related orgs
    $0
    Other
    $40
    Hours/week
    1.5
  • Michael Knight

    Director

    Total calculated
    $70
    From this org
    $0
    From related orgs
    $0
    Other
    $70
    Hours/week
    1.5
  • Mike Ugulini

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Eric Sanny

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Casey Robinson

    Director

    Total calculated
    $0
    Hours/week
    1.5
  • Dawn Beukema

    Director (11/23)

    Total calculated
    $0
    Hours/week
    1.5

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2024
IRS schema version
2023v5.1
Source object
202423039349301657

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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