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Nonprofiteer
← IOWA FARM BUREAU FEDERATION

Form 990 for tax year 2023

Filed by IOWA FARM BUREAU FEDERATION.

Totals

Total revenue
$165,461
Total expenses
$132,199
Contributions and grants received
$35,123
Grants paid
$3,550
Program service revenue
$63,320
Investment income
$46,477
Other revenue
$20,541
Total assets, end of year
$1,269,334
Total liabilities, end of year
$7,286
Net assets or fund balances, end of year
$1,262,048
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

    $4,980

  • 1f · All other contributions, gifts and grants

    $30,143

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $63,320 · related or exempt $63,320

  • 3 · Investment income

    total $54,734 · excluded $54,734

  • 6a · Gross rents

    real property $21,600

  • 6b · Less rental expenses

    real property $3,998

  • 6c · Rental income or loss

    real property $17,602

  • 6d · Net rental income or loss

    total $17,602 · related or exempt $17,602

  • 7a · Gross sales of assets other than inventory

    securities $128,822

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

    securities $137,079

  • 7c · Gain or loss

    securities -$8,257

  • 7d · Net gain or loss

    total -$8,257 · excluded -$8,257

  • 11a · Other revenue: Expense Recoveries

    total $2,939 · related or exempt $2,939

  • 11e · Other revenue, total

    $2,939

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550

  • 2 · Grants to domestic individuals

    total $3,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $5,203

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $30,886

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $118

  • 10 · Payroll taxes

    total $2,341

  • 11a · Fees: management

    total $1,583

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,245

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $1,440

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $15,923

  • 13 · Office expenses

    total $7,208

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,400

  • 17 · Travel

    total $254

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $8,478

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $34,826

  • 22 · Depreciation, depletion and amortization

    total $2,455

  • 23 · Insurance

    total $2,006

  • 24a · Other expenses: SPOKESMAN, DUES SUBSCRIPTIONS

    total $3,152

  • 24b · Other expenses: AG COMMUNITY PROMOTION

    total $6,468

  • 24c · Other expenses: MEMBERSHIP ACQUISITION

    total $2,578

  • 24d · Other expenses: MISCELLANEOUS

    total $85

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $72,718 · end of year $89,515

  • 4 · Accounts receivable

    beginning of year $1,489 · end of year $1,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,381

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

    $145,527

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

    $114,630

  • 10c · Land, buildings and equipment, net

    beginning of year $33,351 · end of year $30,897

  • 11 · Investments: publicly traded securities

    beginning of year $131,145 · end of year $151,753

  • 13 · Investments: program-related

    beginning of year $995,176 · end of year $995,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,552 · end of year $5,486

  • 19 · Deferred revenue

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

  • 27 · Net assets without donor restrictions

    beginning of year $232,732 · end of year $266,872

  • 28 · Net assets with donor restrictions

    beginning of year $995,176 · end of year $995,176

Mission and programs · 2023

Mission

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

  • Public Relations County Promotion Grundy County Farm Bureau hosted a Celebration of Ag in March to end 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. 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 2023 - Matt Rush, inspirational speaker and farm boy. There were close to 300 people in attendance. At the county fair in July, GCFB partnered with Grundy County Cattlemen and served grilled burgers with chips and water to 600 plus people. In December, the board applied for a grant from the Iowa Beef Industry Council and received 1,500 in beef certificates. The board added other items to provide a full meal. Fifty of these bundles were donated to Operation Threshold - a local Food Pantry. Along with the food items, a Grundy County Cookbook and nutrition facts were provided. The promotion was advertised to local media and social media.

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

Listed in Part VII

  • Bill Noteboom

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5
  • Matt Simms

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5
  • Jared Krausman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5
  • Whitney Heinrich

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Tim Diamond

    VOTING DELEGATE

    Total calculated
    $0
    Hours/week
    1.5
  • Sarah Hockemeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jesse Willis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bailey Henze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Adam Meyer

    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
  • Jon Freese

    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
2023
Filed
11 October 2024
IRS schema version
2023v5.1
Source object
202403129349302420

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