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Nonprofiteer
← OHIO FARM BUREAU FOUNDATION INC

Form 990 for tax year 2023

Filed by OHIO FARM BUREAU FOUNDATION INC.

Totals

Total revenue
$785,187
Total expenses
$712,750
Contributions and grants received
$596,793
Grants paid
$284,006
Program service revenue
$93,592
Investment income
$32,666
Other revenue
$62,136
Total assets, end of year
$6,750,343
Total liabilities, end of year
$174,786
Net assets or fund balances, end of year
$6,575,557
Program services expenses (Part IX)
$690,422
Management and general expenses
$22,119
Fundraising expenses
$209
Program service expenses (Part III)
$690,422

Program services were 96.9% 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.

  • 1f · All other contributions, gifts and grants

    $596,793

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELATED-990

    total $93,592 · related or exempt $93,592

  • 3 · Investment income

    total $55,476 · excluded $55,476

  • 7a · Gross sales of assets other than inventory

    securities $2,015,454

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

    securities $2,038,264

  • 7c · Gain or loss

    securities -$22,810

  • 7d · Net gain or loss

    total -$22,810 · excluded -$22,810

  • 8a · Fundraising events: gross income

    $200,800

  • 8b · Fundraising events: direct expenses

    $138,664

  • 8c · Net income from fundraising events

    total $62,136 · excluded $62,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $131,972 · program services $131,972

  • 2 · Grants to domestic individuals

    total $152,034 · program services $152,034

  • 11c · Fees: accounting

    total $15,000 · management and general $15,000

  • 11g · Fees: other

    total $14,056 · program services $14,056

  • 13 · Office expenses

    total $132 · program services $132

  • 17 · Travel

    total $2,237 · program services $84 · management and general $2,012 · fundraising $141

  • 24a · Other expenses: SPECIAL EVENTS

    total $339,148 · program services $339,080 · fundraising $68

  • 24b · Other expenses: PRINTING & POSTAGE

    total $47,606 · program services $47,606

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $5,789 · program services $5,458 · management and general $331

  • 24d · Other expenses: BOARD & COMMITTEE

    total $4,776 · management and general $4,776

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $668,603 · end of year $1,192,539

  • 2 · Savings and temporary cash investments

    beginning of year $188,456 · end of year $192,657

  • 4 · Accounts receivable

    beginning of year $218,820 · end of year $138,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,000 · end of year $500

  • 11 · Investments: publicly traded securities

    beginning of year $4,952,116 · end of year $5,226,302

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,449 · end of year $174,786

  • 27 · Net assets without donor restrictions

    beginning of year $1,600,548 · end of year $1,969,249

  • 28 · Net assets with donor restrictions

    beginning of year $4,188,998 · end of year $4,606,308

Mission and programs · 2023

Mission

INSPIRING INNOVATION AND CULTIVATING INVESTMENT IN OHIO'S FARM AND FOOD COMMUNITY.

  • CREATION, PROMOTION AND MANAGEMENT OF AGRICULTURAL ACTION AND AWARENESS GRANTS TO SPECIFIC SMALL COMMUNITY GROUPS THAT CONDUCT SELECTED EDUCATIONAL, ENVIRONMENTAL AND/OR COMMUNITY ECONOMIC DEVELOPMENT PROJECTS, ALL WITH A FOCUS ON AGRICULTURE.

    Expenses $131,972 · Grants $131,972

  • CREATION, PROMOTION AND MANAGEMENT OF THE DARWIN BRYAN SCHOLARSHIP PROGRAM, THE CINDY HOLLINGSHEAD SCHOLARSHIP PROGRAM, FOUNDATION SCHOLAR PROGRAM AND WOMEN'S LEADERSHIP IN AGRICULTURE SCHOLARSHIP PROGRAM. EACH PROGRAM AWARDS COLLEGE SCHOLARSHIPS TO STUDENTS LIVING IN RURAL, SUBURBAN AND URBAN SETTINGS INTERESTED IN PURSUING A CAREER IN AN AGRICULTURE RELATED FIELD THAT SERVES ALL COMMUNITIES.

    Expenses $152,034 · Grants $152,034

  • BENEFIT IN THE BARN AND CULTIVATING A CURE ARE PROGRAMS TO SUPPORT AGRICULTURAL PROGRAMS AND RESEARCH.

    Expenses $339,080

  • OTHER PROGRAMS FOR CULTIVATING INVESTMENT IN OHIO'S FARM AND FOOD COMMUNITY.

    Expenses $67,336 · Revenue $93,592

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

Listed in Part VII

  • Adam Sharp

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $424,503
    From this org
    $0
    From related orgs
    $396,091
    Other
    $28,412
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,565 related
    Bonus
    $0
    Other
    $0 + $3,526 related
    Deferred
    $0 + $3,918 related
    Nontaxable benefits
    $0 + $24,494 related
    Filer's total
    $0 + $424,503 related
  • Mike Bailey

    VICE PRESIDENT

    Total calculated
    $150,613
    From this org
    $0
    From related orgs
    $146,969
    Other
    $3,644
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,495 related
    Bonus
    $0
    Other
    $0 + $2,474 related
    Deferred
    $0 + $3,644 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $150,613 related
  • Kelly Burns

    EXECUTIVE DIRECTOR

    Total calculated
    $142,949
    From this org
    $0
    From related orgs
    $113,405
    Other
    $29,544
    Hours/week
    2 + 40 related
  • Tara Durbin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Jenny Cox

    PRESIDENT

    Total calculated
    $6,497
    From this org
    $0
    From related orgs
    $6,497
    Other
    $0
    Hours/week
    1 + 2 related
  • Amy McCormick

    1ST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Michael Boyert

    DIRECTOR

    Total calculated
    $7,680
    From this org
    $0
    From related orgs
    $7,680
    Other
    $0
    Hours/week
    1
  • Nathan Brown

    2ND VICE PRESIDENT

    Total calculated
    $4,902
    From this org
    $0
    From related orgs
    $4,902
    Other
    $0
    Hours/week
    1
  • Annalies Corbin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dan Durheim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Doug Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roger Nicol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jane Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mike Townsley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Weaver

    TREASURER

    Total calculated
    $6,585
    From this org
    $0
    From related orgs
    $6,585
    Other
    $0
    Hours/week
    1
  • Karl Wedemeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jodi Beekman

    CFO

    Total calculated
    $119,761
    From this org
    $0
    From related orgs
    $101,911
    Other
    $17,850
    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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • TO HELP YOUNG PEOPLE EMBRACE FOOD, AGRICULTURE, AND ENVIRONMENTAL CAREERS, AND TO PROGRAMS ADVANCING AGRICULTURAL EDUCATION.THROUGH SCHOLARSHIPS, PROGRAMMING AND GRANTS, THE FOUNDATION BUILDS A GROWING WORKFORCE OF UP-AND-COMING FARMERS WHO ARE PASSIONATE AND PREPARED TO GROW OHIO'S AGRICULTURAL COMMUNITIES.

  • SUMMER FARM PROGRAM

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202402699349300720

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