Form 990 for tax year 2024
Filed by CALIFORNIA FARM BUREAU SCHOLARSHIP FOUNDATION.
Totals
- Total revenue
- $277,812
- Total expenses
- $263,016
- Contributions and grants received
- $1,655
- Grants paid
- $246,250
- Program service revenue
- $0
- Investment income
- $276,157
- Other revenue
- $0
- Total assets, end of year
- $6,094,070
- Total liabilities, end of year
- $251,250
- Net assets or fund balances, end of year
- $5,842,820
- Program services expenses (Part IX)
- $246,250
- Management and general expenses
- $16,766
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $246,250
Program services were 93.6% 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
$1,655
-
3 · Investment income
total $198,829 · excluded $198,829
-
7a · Gross sales of assets other than inventory
securities $1,940,000
-
7b · Less cost or other basis and sales expenses
securities $1,862,672
-
7c · Gain or loss
securities $77,328
-
7d · Net gain or loss
total $77,328 · excluded $77,328
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $246,250 · program services $246,250
-
11a · Fees: management
total $5,000 · management and general $5,000
-
13 · Office expenses
total $11,766 · management and general $11,766
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $618,197 · end of year $6,634
-
11 · Investments: publicly traded securities
beginning of year $5,182,221 · end of year $6,087,436
-
17 · Accounts payable and accrued expenses
beginning of year $927
-
18 · Grants payable
beginning of year $212,250 · end of year $251,250
-
27 · Net assets without donor restrictions
beginning of year $63,592 · end of year $60,535
-
28 · Net assets with donor restrictions
beginning of year $5,523,649 · end of year $5,782,285
Mission and programs · 2024
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 43 SCHOLARSHIPS TO COLLEGE AND UNIVERSITY STUDENTS PURSUING DEGREES IN WITH A FOCUS IN LIVESTOCK AND RANGELAND MANGEMENT, AND AGRICULTURAL LAW AND BUSINESS.
Expenses $246,250 · Grants $246,250
As filed on the 2024 return.
Listed in Part VII
-
Shannon DouglassSHANNON DOUGLASS
PRESIDENT
- Total calculated
- $251,554
- From this org
- $0
- From related orgs
- $234,821
- Other
- $16,733
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $234,821 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $15,398 related
- Nontaxable benefits
- $0 + $1,335 related
- Filer's total
- $0 + $251,554 related
-
Shaun CrookSHAUN CROOK
1ST VICE PRESIDENT
- Total calculated
- $32,000
- From this org
- $0
- From related orgs
- $32,000
- Other
- $0
- Hours/week
- 0 + 13 related
-
Ron PetersonRON PETERSON
2ND VICE PRESIDENT
- Total calculated
- $27,375
- From this org
- $0
- From related orgs
- $27,375
- Other
- $0
- Hours/week
- 0 + 10 related
-
Jim SpinettaJIM SPINETTA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
George GomesGEORGE GOMES
FORMER DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James JohanssonJAMES JOHANSSON
FORMER PRESIDENT
- Total calculated
- $92,928
- From this org
- $0
- From related orgs
- $89,595
- Other
- $3,333
- Hours/week
- 0
-
Jason GreerJASON GREER
TREASURER
- Total calculated
- $203,923
- From this org
- $0
- From related orgs
- $153,479
- Other
- $50,444
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,479 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,509 related
- Nontaxable benefits
- $0 + $38,935 related
- Filer's total
- $0 + $203,923 related
-
Daniel DurheimDANIEL DURHEIM
SECRETARY
- Total calculated
- $221,225
- From this org
- $0
- From related orgs
- $218,113
- Other
- $3,112
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $218,113 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $3,112 related
- Filer's total
- $0 + $221,225 related
-
Danielle OliverDANIELLE OLIVER
ASSISTANT SECRETARY
- Total calculated
- $103,187
- From this org
- $0
- From related orgs
- $95,909
- Other
- $7,278
- Hours/week
- 0 + 40 related
-
Carl BordenCARL BORDEN
FORMER ASSISTANT SECRETARY
- Total calculated
- $221,656
- From this org
- $0
- From related orgs
- $178,822
- Other
- $42,834
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $178,822 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,846 related
- Nontaxable benefits
- $0 + $29,988 related
- Filer's total
- $0 + $221,656 related
-
Karen Norene MillsKAREN NORENE MILLS
FORMER SECRETARY
- Total calculated
- $239,537
- From this org
- $0
- From related orgs
- $202,426
- Other
- $37,111
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $202,426 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,545 related
- Nontaxable benefits
- $0 + $22,566 related
- Filer's total
- $0 + $239,537 related
-
Mark DawsonMARK DAWSON
FORMER SECRETARY & TREASUR
- Total calculated
- $85,870
- From this org
- $0
- From related orgs
- $74,611
- Other
- $11,259
- Hours/week
- 0 + 40 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.
-
CALIFORNIA FARM BUREAU FEDERATION
501(C)(5) · AGRICULTURAL MEMBERSHIP SERVICES · CA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 June 2026
- IRS schema version
- 2024v5.5
- Source object
- 202631639349301658
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