Form 990 for tax year 2022
Filed by FARMERS EDUCATIONAL & COOPERATIVE UNION OF AMERICA.
Totals
- Total revenue
- $5,269,053
- Total expenses
- $4,390,140
- Contributions and grants received
- $1,096,735
- Grants paid
- $95,758
- Program service revenue
- $2,135,199
- Investment income
- $1,199,469
- Other revenue
- $837,650
- Total assets, end of year
- $31,241,769
- Total liabilities, end of year
- $3,663,336
- Net assets or fund balances, end of year
- $27,578,433
- 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.
-
1f · All other contributions, gifts and grants
$1,096,735
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,086,417 · related or exempt $2,086,417
-
2b · Program service revenue: CONVENTION
total $41,645 · related or exempt $41,645
-
2c · Program service revenue: NEWSLETTER SUBSCRIPTIONS
total $7,137 · related or exempt $7,137
-
3 · Investment income
total $1,199,469 · excluded $1,199,469
-
5 · Royalties
total $837,650 · excluded $837,650
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $95,758
-
5 · Compensation of officers, directors and key employees
total $776,987
-
7 · Other salaries and wages
total $750,798
-
8 · Pension plan contributions
total $42,804
-
9 · Other employee benefits
total $105,558
-
10 · Payroll taxes
total $100,756
-
11b · Fees: legal
total $10,766
-
11c · Fees: accounting
total $50,788
-
11f · Fees: investment management
total $100,208
-
11g · Fees: other
total $446,891
-
12 · Advertising and promotion
total $98,333
-
13 · Office expenses
total $150,286
-
14 · Information technology
total $102,888
-
16 · Occupancy
total $286,709
-
17 · Travel
total $329,629
-
19 · Conferences, conventions and meetings
total $410,859
-
22 · Depreciation, depletion and amortization
total $4,641
-
23 · Insurance
total $26,833
-
24a · Other expenses: DUES/SUBSCRIPTIONS
total $195,600
-
24b · Other expenses: LIFE MEMBERSHIP EXPENSE
total $152,928
-
24c · Other expenses: EQUIP. PURCHASE/RENTAL
total $97,671
-
24d · Other expenses: EQUIPMENT MAINTENANCE
total $51,442
-
24e · All other expenses
total $1,007
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $623,040 · end of year $498,397
-
3 · Pledges and grants receivable
end of year $435,296
-
4 · Accounts receivable
beginning of year $1,181,232 · end of year $742,934
-
7 · Other notes and loans receivable
beginning of year $294,857 · end of year $295,769
-
9 · Prepaid expenses and deferred charges
beginning of year $113,155 · end of year $174,891
-
10a · Land, buildings and equipment: cost or other basis
$346,744
-
10b · Land, buildings and equipment: accumulated depreciation
$321,582
-
10c · Land, buildings and equipment, net
beginning of year $688,488 · end of year $25,162
-
11 · Investments: publicly traded securities
beginning of year $23,124,698 · end of year $20,453,765
-
12 · Investments: other securities
beginning of year $5,779,219 · end of year $5,472,108
-
15 · Other assets
beginning of year $2,577,029 · end of year $3,143,447
-
17 · Accounts payable and accrued expenses
beginning of year $272,721 · end of year $466,366
-
19 · Deferred revenue
beginning of year $39,872 · end of year $8,428
-
21 · Escrow or custodial account liability
beginning of year $401,990 · end of year $388,490
-
25 · Other liabilities
beginning of year $3,048,684 · end of year $2,800,052
-
27 · Net assets without donor restrictions
beginning of year $30,282,013 · end of year $27,199,149
-
28 · Net assets with donor restrictions
beginning of year $336,438 · end of year $379,284
Mission and programs · 2022
Mission
TO ADVOCATE FOR THE ECONOMIC AND SOCIAL WELL-BEING, AND QUALITY OF LIFE OF FAMILY FARMERS, RANCHERS, FISHERMEN AND CONSUMERS AND THEIR COMMUNITIES THROUGH EDUCATION, COOPERATION AND LEGISLATION. THE NATIONAL FARMERS UNION ADVOCATES SUSTAINABLE PRODUCTION OF FOOD, FIBER, FEED AND FUEL.
Activities or mission (Part I)
PROTECT & ENHANCE THE ECONOMIC WELL-BEING & QUALITY OF LIFE FOR FAMILY FARMERS AND RANCHERS.
-
GOVERNMENT RELATIONS: THE NATIONAL FARMERS UNION (NFU) GOVERNMENT RELATIONS TEAM SERVES AS THEIR MEMBER'S DIRECT LINK TO CONGRESS, THE U.S. DEPARTMENT OF AGRICULTURE, AND OTHER KEY ADMINISTRATION AGENCIES. THE TEAM ADVOCATES POLICY POSITIONS, PROMOTES LEGISLATION, RESPONDS TO PROPOSED RULES AND REGULATIONS THROUGH MEETINGS, LETTERS, ISSUE BRIEFINGS AND OTHER MEANS.
-
MEMBER SERVICES: NATIONAL FARMERS UNION GREW BY MORE THAN 7,000 MEMBERS IN 2022, TOTALING OVER 220,000 MEMBERS. THIRTEEN STATES SAW YEAR-OVER-YEAR GROWTH INCLUDING NEARLY 41% GROWTH IN MISSOURI, AND AN OVER 9,000 MEMBER INCREASE IN NORTH DAKOTA. 2022 WAS NFU'S FIFTH CONSECUTIVE YEAR GROWING BY MORE THAN 4,000 MEMBERS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert LarewROBERT LAREW
PRESIDENT
- Total calculated
- $374,922
- From this org
- $356,622
- From related orgs
- $0
- Other
- $18,300
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $326,622
- Bonus
- $30,000
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $0
- Filer's total
- $374,922
-
Jeffery KippleyJEFFERY KIPPLEY
VICE PRESIDENT (FROM 3/22)
- Total calculated
- $39,883
- From this org
- $37,625
- From related orgs
- $0
- Other
- $2,258
- Hours/week
- 28 + 2 related
-
Patty EdelburgPATTY EDELBURG
VICE PRESIDENT (UNTIL 3/22)
- Total calculated
- $12,204
- From this org
- $10,056
- From related orgs
- $0
- Other
- $2,148
- Hours/week
- 29 + 1 related
-
Darin Von RudenDARIN VON RUDEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Doug SombkeDOUG SOMBKE
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Aaron LehmanAARON LEHMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Gary WertishGARY WERTISH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
John HansenJOHN HANSEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Roger NoonanROGER NOONAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Mark WatneMARK WATNE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Scott BlubaughSCOTT BLUBAUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Dale McCallDALE MCCALL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
David CokerDAVID COKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joaquin ContenteJOAQUIN CONTENTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Vincent MinaVINCENT MINA
BOARD MEMBER (UNTIL 8/22)
- Total calculated
- $0
- Hours/week
- 2
-
Norbert BrauerNORBERT BRAUER
BOARD MEMBER (UNTIL 3/22)
- Total calculated
- $0
- Hours/week
- 2
-
Robert DaviesROBERT DAVIES
BOARD MEMBER (FROM 3/22)
- Total calculated
- $0
- Hours/week
- 2
-
Jim BenhamJIM BENHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Donn TeskeDONN TESKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Bob ThompsonBOB THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tom CoudronTOM COUDRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Walter SchweitzerWALTER SCHWEITZER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
Joe LoganJOE LOGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Wes SimsWES SIMS
BOARD MEMBER (UNTIL 10/22)
- Total calculated
- $0
- Hours/week
- 2
-
Mike OldhamMIKE OLDHAM
BOARD MEMBER (FROM 10/22)
- Total calculated
- $0
- Hours/week
- 2
-
Ron StratfordRON STRATFORD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
David VeldeDAVID VELDE
GENERAL COUNSEL
- Total calculated
- $211,164
- From this org
- $197,606
- From related orgs
- $0
- Other
- $13,558
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $197,606
- Bonus
- $0
- Other
- $0
- Deferred
- $11,861
- Nontaxable benefits
- $1,697
- Filer's total
- $211,164
-
Ethan WhitmoreETHAN WHITMORE
VP OF OPERATIONS
- Total calculated
- $206,872
- From this org
- $185,324
- From related orgs
- $0
- Other
- $21,548
- Hours/week
- 32 + 8 related
Schedule J breakdown matched by us
- Base
- $185,324
- Bonus
- $0
- Other
- $0
- Deferred
- $11,139
- Nontaxable benefits
- $10,409
- Filer's total
- $206,872
-
Michael StranzMICHAEL STRANZ
VP OF ADVOCACY
- Total calculated
- $191,320
- From this org
- $170,728
- From related orgs
- $0
- Other
- $20,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,728
- Bonus
- $0
- Other
- $0
- Deferred
- $10,244
- Nontaxable benefits
- $10,348
- Filer's total
- $191,320
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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
-
$14,694
SMALL STATES ASSISTANCE PROGRAM
-
$14,122
SMALL STATES ASSISTANCE PROGRAM
-
$11,418
SMALL STATES ASSISTANCE PROGRAM
-
ALASKA FARMERS UNION
$5,826
SMALL STATES ASSISTANCE PROGRAM
-
$5,677
SMALL STATES ASSISTANCE 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.
-
NATIONAL FARMERS UNION FOUNDATION
501(C)(3) · EDUCATION · CO · controlled entity
Directly controlled by NFU
-
NATIONAL FARMERS UNION POLITICAL ACTION COMMITTEE
527 · POLITICAL ORGANIZATION · CO · controlled entity
Directly controlled by NFU
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.
-
NATIONAL FARMERS UNION SERVICE ASSOCIATION INC
C · INSURANCE · DC · 100% owned · share of income $587,133 · share of assets $6,037,256 · controlled entity
Directly controlled by NFU
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312629349301201
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