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Nonprofiteer
← MICHIGAN FOUNDATION FOR AGRICULTURE

Form 990 for tax year 2023

Filed by MICHIGAN FOUNDATION FOR AGRICULTURE.

Totals

Total revenue
$7,217,364
Total expenses
$7,329,574
Contributions and grants received
$7,154,274
Grants paid
$6,969,325
Program service revenue
$0
Investment income
$47,068
Other revenue
$16,022
Total assets, end of year
$584,148
Total liabilities, end of year
$59,330
Net assets or fund balances, end of year
$524,818
Program services expenses (Part IX)
$7,098,392
Management and general expenses
$231,182
Fundraising expenses
$0
Program service expenses (Part III)
$7,098,392

Program services were 96.8% 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.

  • 1c · Fundraising events

    $258,172

  • 1d · Related organizations

    $5,408,000

  • 1f · All other contributions, gifts and grants

    $1,488,102

  • 1g · Noncash contributions included above

    $6,341,206

  • 3 · Investment income

    total $46,318 · excluded $46,318

  • 7a · Gross sales of assets other than inventory

    securities $6,318,750

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

    securities $6,318,000

  • 7c · Gain or loss

    securities $750

  • 7d · Net gain or loss

    total $750 · excluded $750

  • 8a · Fundraising events: gross income

    $60,817

  • 8a · Fundraising events: contributions included on line 1c

    $258,172

  • 8b · Fundraising events: direct expenses

    $44,795

  • 8c · Net income from fundraising events

    total $16,022 · excluded $16,022

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,969,325 · program services $6,969,325

  • 11a · Fees: management

    total $285,201 · program services $101,550 · management and general $183,651

  • 11b · Fees: legal

    total $1,514 · program services $229 · management and general $1,285

  • 11c · Fees: accounting

    total $38,749 · program services $13,246 · management and general $25,503

  • 11f · Fees: investment management

    total $1,399 · program services $121 · management and general $1,278

  • 12 · Advertising and promotion

    total $5,375 · program services $161 · management and general $5,214

  • 13 · Office expenses

    total $5,086 · program services $3,592 · management and general $1,494

  • 14 · Information technology

    total $16,197 · program services $5,690 · management and general $10,507

  • 17 · Travel

    total $4,903 · program services $3,153 · management and general $1,750

  • 19 · Conferences, conventions and meetings

    total $1,825 · program services $1,325 · management and general $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $972,483 · end of year $385,076

  • 3 · Pledges and grants receivable

    beginning of year $169,126 · end of year $197,779

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,238 · end of year $1,293

  • 18 · Grants payable

    beginning of year $444,275 · end of year $53,473

  • 25 · Other liabilities

    beginning of year $61,544 · end of year $5,857

  • 27 · Net assets without donor restrictions

    beginning of year $196,677 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $440,351 · end of year $524,818

Mission and programs · 2023

Mission

RECEIVE AND ADMINISTER FUNDS TO SUPPORT THE EDUCATIONAL AND CHARITABLE ACTIVITIES OF MICHIGAN FARM BUREAU.

  • TO RECEIVE AND ADMINISTER FUNDS FOR THE MFB GRANT. THE MFB GRANT PROMOTES SUPPORT OF CERTAIN EDUCATIONAL AND CHARITABLE ACTIVITIES OF THE MICHIGAN FARM BUREAU. THIS GRANT INCLUDES SUPPORT OF SEVERAL PROGRAMS, INCLUDING: PROMOTION AND EDUCATION DEPARTMENT, YOUNG FARMER DEPARTMENT, FARM SCIENCE PROGRAMMING, FIELD OPERATIONS AND OTHER EDUCATIONAL EVENTS. THE GOAL FOR PROMOTION AND EDUCATION IN MICHIGAN IS TO EDUCATE THE PUBLIC ABOUT AGRICULTURE AND KEEP FARMERS INFORMED ABOUT AGRICULTURAL ISSUES. THE YOUNG FARMER DEVELOPMENT PROGRAM IS A TARGETED PROGRAM FOR FARMER MEMBERS BETWEEN THE AGES OF 18 AND 35 INTERESTED IN LEADERSHIP. FARM SCIENCE PROGRAMMING INCLUDES 40-FOOT MOBILE CLASSROOMS EQUIPPED WITH EDUCATIONAL STATIONS AND TOOLED WITH STEM BASED LESSONS THAT MEET NEXT GENERATION SCIENCE STANDARDS TO INCREASE AG AWARENESS. FARM SCIENCE PROGRAMMING ALSO INCLUDES A VAN EQUIPPED WITH STEM BASED LESSONS THAT MEET NEXT GENERATION SCIENCE STANDARDS TO INCREASE AG AWARENESS THROUGH CLASSROOM-BASED LESSONS. FIELD OPERATIONS IMPACTS REGIONAL AND COUNTY LEVEL DEVELOPMENT WITH PROGRAMS SUCH AS THE COUNTY LEADERSHIP CONFERENCE. OTHER EDUCATIONAL EVENTS INCLUDE DIRECT EXPENSE SUPPORT FOR AGRICULTURAL ECOLOGY SEMINARS.

    Expenses $6,794,185 · Grants $6,794,185

  • AGENT CHARITABLE FUND: THE AGENT CHARITABLE FUND IS A DONOR ADVISED FUND FORMED BY FARM BUREAU INSURANCE AGENTS WITH A GOAL TO END HUNGER IN MICHIGAN AND FURTHER CARRY OUT THE CHARITABLE PURPOSES OF THE MICHIGAN FOUNDATION FOR AGRICULTURE.

    Expenses $304,207 · Grants $175,140

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

Listed in Part VII

  • Carl Bednarski

    PRESIDENT

    Total calculated
    $389,971
    From this org
    $0
    From related orgs
    $348,721
    Other
    $41,250
    Hours/week
    0.19 + 39.81 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,555 related
    Bonus
    $0
    Other
    $0 + $69,166 related
    Deferred
    $0 + $21,415 related
    Nontaxable benefits
    $0 + $19,835 related
    Filer's total
    $0 + $389,971 related

  • Michael Fusilier

    DIRECTOR

    Total calculated
    $39,686
    From this org
    $0
    From related orgs
    $39,686
    Other
    $0
    Hours/week
    0.19 + 10.2 related

  • Michael Deruiter

    VICE PRESIDENT

    Total calculated
    $38,386
    From this org
    $0
    From related orgs
    $38,386
    Other
    $0
    Hours/week
    0.19 + 10.05 related

  • Leona Daniels

    DIRECTOR

    Total calculated
    $35,286
    From this org
    $0
    From related orgs
    $35,286
    Other
    $0
    Hours/week
    0.19 + 9.69 related

  • Stephanie Schafer

    DIRECTOR

    Total calculated
    $31,236
    From this org
    $0
    From related orgs
    $31,236
    Other
    $0
    Hours/week
    0.19 + 8.07 related

  • Brigette Leach

    DIRECTOR - PART YEAR

    Total calculated
    $43,583
    From this org
    $0
    From related orgs
    $43,583
    Other
    $0
    Hours/week
    0.19 + 8.91 related

  • Ben Lacross

    DIRECTOR

    Total calculated
    $33,536
    From this org
    $0
    From related orgs
    $33,536
    Other
    $0
    Hours/week
    0.19 + 10.59 related

  • David Bahrman

    DIRECTOR

    Total calculated
    $31,486
    From this org
    $0
    From related orgs
    $31,486
    Other
    $0
    Hours/week
    0.19 + 7.44 related

  • Jennifer Lewis

    DIRECTOR

    Total calculated
    $43,736
    From this org
    $0
    From related orgs
    $43,736
    Other
    $0
    Hours/week
    0.19 + 9.4 related

  • Paul Pridgeon

    DIRECTOR

    Total calculated
    $32,886
    From this org
    $0
    From related orgs
    $32,886
    Other
    $0
    Hours/week
    0.19 + 8.11 related

  • Patrick McGuire

    DIRECTOR

    Total calculated
    $29,486
    From this org
    $0
    From related orgs
    $29,486
    Other
    $0
    Hours/week
    0.19 + 6.75 related

  • Douglas Darling

    DIRECTOR - PART YEAR

    Total calculated
    $26,383
    From this org
    $0
    From related orgs
    $26,383
    Other
    $0
    Hours/week
    0.19 + 4.61 related

  • Jeff Sandborn

    DIRECTOR

    Total calculated
    $39,986
    From this org
    $0
    From related orgs
    $39,986
    Other
    $0
    Hours/week
    0.19 + 9.38 related

  • Travis Fahley

    DIRECTOR

    Total calculated
    $22,336
    From this org
    $0
    From related orgs
    $22,336
    Other
    $0
    Hours/week
    0.19 + 3.71 related

  • Michael Mulders

    DIRECTOR

    Total calculated
    $22,936
    From this org
    $0
    From related orgs
    $22,936
    Other
    $0
    Hours/week
    0.19 + 2.92 related

  • Jess Erler

    DIRECTOR P&E CHAIR

    Total calculated
    $10,186
    From this org
    $0
    From related orgs
    $10,186
    Other
    $0
    Hours/week
    0.19 + 6.12 related

  • Lane Grieser

    DIRECTOR YF CHAIR - PART YEAR

    Total calculated
    $8,383
    From this org
    $0
    From related orgs
    $8,383
    Other
    $0
    Hours/week
    0.19 + 5 related

  • Abe Pasch

    DIRECTOR

    Total calculated
    $1,953
    From this org
    $0
    From related orgs
    $1,953
    Other
    $0
    Hours/week
    0 + 0.49 related

  • Abby Vittore

    DIRECTOR YF CHAIR

    Total calculated
    $953
    From this org
    $0
    From related orgs
    $953
    Other
    $0
    Hours/week
    0 + 0.38 related

  • Larry Walton

    DIRECTOR

    Total calculated
    $1,953
    From this org
    $0
    From related orgs
    $1,953
    Other
    $0
    Hours/week
    0 + 0.49 related

  • Andrew J Kok

    SECR AND GEN COUNSEL

    Total calculated
    $511,639
    From this org
    $0
    From related orgs
    $458,114
    Other
    $53,525
    Hours/week
    2.04 + 37.96 related

    Schedule J breakdown matched by us

    Base
    $0 + $439,072 related
    Bonus
    $0
    Other
    $0 + $19,042 related
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $23,825 related
    Filer's total
    $0 + $511,639 related

  • Scott Piggott

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $393,739
    From this org
    $0
    From related orgs
    $336,573
    Other
    $57,166
    Hours/week
    1.2 + 38.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $325,821 related
    Bonus
    $0
    Other
    $0 + $10,752 related
    Deferred
    $0 + $33,341 related
    Nontaxable benefits
    $0 + $23,825 related
    Filer's total
    $0 + $393,739 related

  • David D Baker

    TREASURER - PART YEAR

    Total calculated
    $153,008
    From this org
    $0
    From related orgs
    $144,246
    Other
    $8,762
    Hours/week
    0.32 + 15.68 related

    Schedule J breakdown matched by us

    Base
    $0 + $95,618 related
    Bonus
    $0 + $40,533 related
    Other
    $0 + $8,095 related
    Deferred
    $0 + $7,486 related
    Nontaxable benefits
    $0 + $1,276 related
    Filer's total
    $0 + $153,008 related

  • Tom Nugent

    TREASURER, CFO & HUMAN RES. DIR.

    Total calculated
    $358,955
    From this org
    $0
    From related orgs
    $308,314
    Other
    $50,641
    Hours/week
    0.28 + 39.72 related

    Schedule J breakdown matched by us

    Base
    $0 + $287,947 related
    Bonus
    $0
    Other
    $0 + $20,367 related
    Deferred
    $0 + $26,951 related
    Nontaxable benefits
    $0 + $23,690 related
    Filer's total
    $0 + $358,955 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

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.

  • MICHIGAN FARM BUREAU

    501(C)(5) · MEMBERSHIP · MI

  • MFB POLITICAL ACTION COMMITTEE

    527 · LEGISLATIVE · MI · controlled entity

    Directly controlled by MFB

  • FARM BUREAU PAC (AKA SUPER PAC)

    527 · LEGISLATIVE · MI · controlled entity

    Directly controlled by MFB

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.

  • MI AG COOPERATIVE MARKETING ASSOCIATION

    C · MARKETING · MI · controlled entity

  • FARM BUREAU LIFE INSURANCE CO OF MI

    C · LIFE INSURANCE · MI · controlled entity

  • COMMUNITY SERVICE ACCEPTANCE CORPORATION

    C · INSURANCE AGENCY · MI · controlled entity

  • FARM BUREAU GENERAL INSURANCE COMPANY OF MICHIGAN

    C · INSURANCE · MI · controlled entity

  • MI FARM BUREAU FINANCIAL CORPORATION

    C · HOLDING COMPANY · MI · controlled entity

  • GRAVITY WORKS DESIGN & DEVELOPMENT

    C · WEB DESIGN · MI · controlled entity

  • MFB INC

    C · MEMBERSHIP BENEFITS/PROMO · MI · controlled entity

  • FBL REAL ESTATE HOLDINGS LLC

    C · REAL ESTATE · MI · controlled entity

  • GREAT LAKES AG LABOR SERVICES LLC

    C · LABOR SERVICES FACILITATION · MI · controlled entity

  • LEADERS LIFE INSURANCE COMPANY

    C · LIFE INSURANCE · OK · controlled entity

  • CINCINNATI EQUITABLE COMPANIES INC

    C · HOLDING COMPANY · OH · controlled entity

  • CINCINNATI EQUITABLE LIFE INSURANCE

    C · LIFE INSURANCE · OH · controlled entity

  • CINCINNATI EQUITABLE INSURANCE COMPANY

    C · INSURANCE · OH · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
25 June 2024
IRS schema version
2023v5.1
Source object
202431789349300213

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