Form 990 for tax year 2024
Filed by AGRIBUSINESS ASSOCIATION OF IOWA.
Totals
- Total revenue
- $1,479,403
- Total expenses
- $1,438,236
- Contributions and grants received
- $760,264
- Grants paid
- $0
- Program service revenue
- $663,762
- Investment income
- $28,327
- Other revenue
- $27,050
- Total assets, end of year
- $1,164,919
- Total liabilities, end of year
- $86,039
- Net assets or fund balances, end of year
- $1,078,880
- Program services expenses (Part IX)
- $287,647
- Management and general expenses
- $719,116
- Fundraising expenses
- $431,473
- Program service expenses (Part III)
- $287,647
Program services were 20.0% 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.
-
1b · Membership dues
$695,040
-
1c · Fundraising events
$65,224
-
2a · Program service revenue: MANAGEMENT AGREEMENTS
total $478,698 · unrelated business $478,698
-
2b · Program service revenue: EVENTS
total $122,856 · related or exempt $122,856
-
2c · Program service revenue: RENT
total $19,600 · related or exempt $19,600
-
2d · Program service revenue: EDUCATION
total $16,463 · related or exempt $16,463
-
2e · Program service revenue: INSURANCE
total $16,405 · excluded $16,405
-
2f · All other program service revenue
total $9,740 · related or exempt $2,122 · unrelated business $2,485 · excluded $5,133
-
3 · Investment income
total $28,327 · excluded $28,327
-
8a · Fundraising events: gross income
$149,906
-
8a · Fundraising events: contributions included on line 1c
$65,224
-
8b · Fundraising events: direct expenses
$122,856
-
8c · Net income from fundraising events
total $27,050 · excluded $27,050
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $578,864 · program services $115,773 · management and general $289,432 · fundraising $173,659
-
7 · Other salaries and wages
total $221,725 · program services $44,345 · management and general $110,862 · fundraising $66,518
-
8 · Pension plan contributions
total $13,043 · program services $2,608 · management and general $6,522 · fundraising $3,913
-
9 · Other employee benefits
total $33,444 · program services $6,689 · management and general $16,721 · fundraising $10,034
-
10 · Payroll taxes
total $53,113 · program services $10,623 · management and general $26,556 · fundraising $15,934
-
11b · Fees: legal
total $9,709 · program services $1,942 · management and general $4,854 · fundraising $2,913
-
11c · Fees: accounting
total $11,075 · program services $2,215 · management and general $5,537 · fundraising $3,323
-
11d · Fees: lobbying
total $47,082 · program services $9,416 · management and general $23,541 · fundraising $14,125
-
12 · Advertising and promotion
total $4,971 · program services $994 · management and general $2,486 · fundraising $1,491
-
13 · Office expenses
total $72,959 · program services $14,591 · management and general $36,480 · fundraising $21,888
-
14 · Information technology
total $5,002 · program services $1,000 · management and general $2,501 · fundraising $1,501
-
16 · Occupancy
total $84,038 · program services $16,808 · management and general $42,019 · fundraising $25,211
-
17 · Travel
total $16,706 · program services $3,341 · management and general $8,353 · fundraising $5,012
-
19 · Conferences, conventions and meetings
total $17,491 · program services $3,498 · management and general $8,746 · fundraising $5,247
-
21 · Payments to affiliates
total $37,754 · program services $7,551 · management and general $18,877 · fundraising $11,326
-
22 · Depreciation, depletion and amortization
total $19,853 · program services $3,971 · management and general $9,926 · fundraising $5,956
-
23 · Insurance
total $17,691 · program services $3,538 · management and general $8,846 · fundraising $5,307
-
24a · Other expenses: UNRELATED BUSINESS INCO
total $3,576 · program services $715 · management and general $1,788 · fundraising $1,073
-
24b · Other expenses: CONVENTION AND TRADE SH
total $95,203 · program services $19,041 · management and general $47,601 · fundraising $28,561
-
24c · Other expenses: COVER CROP PROJECT
total $61,624 · program services $12,325 · management and general $30,812 · fundraising $18,487
-
24d · Other expenses: GOLF OUTINGS
total $27,654 · program services $5,531 · management and general $13,827 · fundraising $8,296
-
24e · All other expenses
total $5,659 · program services $1,132 · management and general $2,829 · fundraising $1,698
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $516,736 · end of year $388,202
-
2 · Savings and temporary cash investments
beginning of year $285 · end of year $15,681
-
4 · Accounts receivable
beginning of year $52,379 · end of year $117,830
-
8 · Inventories for sale or use
beginning of year $4,821 · end of year $4,821
-
9 · Prepaid expenses and deferred charges
beginning of year $8,440 · end of year $9,902
-
10a · Land, buildings and equipment: cost or other basis
$194,197
-
10b · Land, buildings and equipment: accumulated depreciation
$147,366
-
10c · Land, buildings and equipment, net
beginning of year $66,683 · end of year $46,831
-
15 · Other assets
beginning of year $523,322 · end of year $581,652
-
17 · Accounts payable and accrued expenses
beginning of year $132,077 · end of year $81,838
-
19 · Deferred revenue
beginning of year $2,876 · end of year $4,201
-
27 · Net assets without donor restrictions
beginning of year $1,037,713 · end of year $1,078,880
Mission and programs · 2024
Mission
THE AGRIBUSINESS ASSOCIATION OF IOWA EXISTS TO ADVOCATE COMMUNICATE AND EDUCATE ON BEHALF OF A PROFESSIONAL AGRIBUSINESS INDUSTRY.
-
ADVOCACY AND EDUCATION FOR THE AGRIBUSINESS INDUSTRY BY PROVIDING MEMBERS WITH INFORMATION CONCERNING AGRICULTURAL BUSINESS ISSUES, NEWSLETTERS AND SEMINARS WITH AROUND 185 PAID MEMBERS.
Expenses $287,647 · Revenue $161,041
As filed on the 2024 return.
Listed in Part VII
-
Mark WhiteMARK WHITE
PAST CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Joel NelsonJOEL NELSON
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 5
-
Kevin DruryKEVIN DRURY
FOUNDATION REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 2
-
Rob CogdillROB COGDILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dana GeeDANA GEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott BlackSCOTT BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris BehrensCHRIS BEHRENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bill BeukemaBILL BEUKEMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Eric ThuenteERIC THUENTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Troy KoehlerTROY KOEHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Scott LovinSCOTT LOVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brent SchwennekerBRENT SCHWENNEKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Katie StutsmanKATIE STUTSMAN
DITRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sarah WindhorstSARAH WINDHORST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Erik ChristianERIK CHRISTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rob DensonROB DENSON
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Jay HarmonJAY HARMON
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Dan RobisonDAN ROBISON
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Mark MorrisseyMARK MORRISSEY
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Bill BackhausBILL BACKHAUS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
James CorneliusJAMES CORNELIUS
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
Julie KenneyJULIE KENNEY
CEO
- Total calculated
- $64,910
- From this org
- $59,470
- From related orgs
- $0
- Other
- $5,440
- Hours/week
- 40
-
Al MuhlenbruckAL MUHLENBRUCK
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Kent BennisKENT BENNIS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Renee HansenRENEE HANSEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Benjamin GleasonBENJAMIN GLEASON
DIRECTOR OF ASSOCIATIONS
- Total calculated
- $137,306
- From this org
- $121,892
- From related orgs
- $0
- Other
- $15,414
- Hours/week
- 40
-
Tyler TeskeTYLER TESKE
DIRECTOR OF MARKETING
- Total calculated
- $137,765
- From this org
- $114,987
- From related orgs
- $0
- Other
- $22,778
- Hours/week
- 40
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.
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.
-
AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION
501(C)(3) · IA
-
IOWA NUTRIENT RESEARCH AND EDUCATION COUNCIL
501(C)(3) · IA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202612309349301416
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