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Nonprofiteer
← CALIFORNIA FARM BUREAU SCHOLARSHIP FOUNDATION

Form 990 for tax year 2023

Filed by CALIFORNIA FARM BUREAU SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$158,082
Total expenses
$198,827
Contributions and grants received
$4,000
Grants paid
$183,250
Program service revenue
$0
Investment income
$154,082
Other revenue
$0
Total assets, end of year
$5,800,418
Total liabilities, end of year
$213,177
Net assets or fund balances, end of year
$5,587,241
Program services expenses (Part IX)
$183,250
Management and general expenses
$15,577
Fundraising expenses
$0
Program service expenses (Part III)
$183,250

Program services were 92.2% 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

    $4,000

  • 3 · Investment income

    total $143,403 · excluded $143,403

  • 7a · Gross sales of assets other than inventory

    securities $137,488

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

    securities $126,809

  • 7c · Gain or loss

    securities $10,679

  • 7d · Net gain or loss

    total $10,679 · excluded $10,679

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $183,250 · program services $183,250

  • 11a · Fees: management

    total $5,000 · management and general $5,000

  • 13 · Office expenses

    total $10,577 · management and general $10,577

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,124 · end of year $618,197

  • 11 · Investments: publicly traded securities

    beginning of year $5,220,139 · end of year $5,182,221

  • 17 · Accounts payable and accrued expenses

    end of year $927

  • 18 · Grants payable

    beginning of year $230,000 · end of year $212,250

  • 27 · Net assets without donor restrictions

    beginning of year $55,243 · end of year $63,592

  • 28 · Net assets with donor restrictions

    beginning of year $5,194,020 · end of year $5,523,649

Mission and programs · 2023

Mission

PROMOTE AG EDUCATION WITH UNIVERSITY SCHOLARSHIPS.

Activities or mission (Part I)

TO GIVE AID TO STUDENTS PURSUING A CAREER IN THE AGRICULTURAL, RANCHING AND LAND-MANAGEMENT INDUSTRY BY AWARDING UNIVERSITY SCHOLARSHIPS.

  • AWARDED 46 SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS PURSUING DEGREES IN WITH A FOCUS IN LIVESTOCK AND RANGELAND MANGEMENT, AND AGRICULTURAL LAW AND BUSINESS.

    Expenses $183,250 · Grants $183,250

As filed on the 2023 return.

Listed in Part VII

  • SHANNON DOUGLASS

    PRESIDENT

    Total calculated
    $51,555
    From this org
    $0
    From related orgs
    $51,555
    Other
    $0
    Hours/week
    0 + 40 related

  • SHAUN CROOK

    1ST VICE PRESIDENT

    Total calculated
    $31,015
    From this org
    $0
    From related orgs
    $31,015
    Other
    $0
    Hours/week
    0 + 12 related

  • RON PETERSON

    2ND VICE PRESIDENT

    Total calculated
    $2,725
    From this org
    $0
    From related orgs
    $2,725
    Other
    $0
    Hours/week
    0 + 8 related

  • GEORGE GOMES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • JAMES JOHANSSON

    FORMER PRESIDENT

    Total calculated
    $289,587
    From this org
    $0
    From related orgs
    $267,068
    Other
    $22,519
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,068 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,759 related
    Nontaxable benefits
    $0 + $3,760 related
    Filer's total
    $0 + $289,587 related

  • JASON GREER

    TREASURER

    Total calculated
    $163,411
    From this org
    $0
    From related orgs
    $126,416
    Other
    $36,995
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,416 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,511 related
    Nontaxable benefits
    $0 + $27,484 related
    Filer's total
    $0 + $163,411 related

  • KAREN NORENE MILLS

    SECRETARY

    Total calculated
    $224,041
    From this org
    $0
    From related orgs
    $202,392
    Other
    $21,649
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,392 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,516 related
    Nontaxable benefits
    $0 + $7,133 related
    Filer's total
    $0 + $224,041 related

  • CARL BORDEN

    ASSISTANT SECRETARY

    Total calculated
    $210,847
    From this org
    $0
    From related orgs
    $172,668
    Other
    $38,179
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,668 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,630 related
    Nontaxable benefits
    $0 + $25,549 related
    Filer's total
    $0 + $210,847 related

  • MARK DAWSON

    FORMER SECRETARY & TREASURER

    Total calculated
    $262,365
    From this org
    $0
    From related orgs
    $215,167
    Other
    $47,198
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,167 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $15,588 related
    Nontaxable benefits
    $0 + $31,610 related
    Filer's total
    $0 + $262,365 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION AND THE ORGANIZATION IT SUPPORTS, CALIFORNIA FARM BUREAU FEDERATION (CFBF), SHARE THE SAME PRESIDENT. CFBF USES A COMPENSATION COMMITTEE, APPROVAL BY CFBF BOARD OR COMPENSATION COMMITTEE, AND/OR COMPENSATION SURVEYS/STUDIES TO ESTABLISH THE COMPENSATION OF THE PRESIDENT.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 June 2025
IRS schema version
2023v6.0
Source object
202541679349300884

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