INDIANA FARM BUREAU INC

EIN: 350409100

INDIANAPOLIS, IN

Total Revenue
$13,437,290
Total Expenses
$12,154,899
Total Assets
$25,877,309
Net Assets
$20,346,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
IN
Principal Officer
MARK SIGLER
Phone
7655646484
Tax Period
2024-01-01 to 2024-12-31

INDIANA FARM BUREAU INC, founded in 1919, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 10% surplus.

Mission

INDIANA FARM BUREAU, OUR MISSION IS TO PROTECT AND ENHANCE THE FUTURE OF AGRICULTURE AND OUR COMMUNITIES.

Program Service Accomplishments

Program 1

MEMBER COMMUNICATIONS MY INDIANA HOME IS A 36-PAGE MAGAZINE PUBLISHED QUARTERLY AND MAILED TO THE ORGANIZATION'S TOTAL MEMBERSHIP OF MORE THAN 260,000. EDITORIAL CONTENT STRIVES TO INFORM MEMBERS...

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MEMBER COMMUNICATIONS MY INDIANA HOME IS A 36-PAGE MAGAZINE PUBLISHED QUARTERLY AND MAILED TO THE ORGANIZATION'S TOTAL MEMBERSHIP OF MORE THAN 260,000. EDITORIAL CONTENT STRIVES TO INFORM MEMBERS ABOUT THE FOOD THEY EAT, THE FARMERS WHO GROW IT AND INDIANA'S UNIQUE RURAL LIFESTYLE. A DIGITAL EDITION IS ALSO AVAILABLE TO THOSE MEMBERS WHO ASK TO RECEIVE IT THIS WAY. ITS CIRCULATION AVERAGED AROUND 1,500 IN 2024. THE HOOSIER FARMER IS A SIX-PAGE TABLOID MAILED TO NEARLY 65,000 MEMBERS 12 TIMES IN 2024. THIS PUBLICATION IS TARGETED TOWARD MEMBERS INVOLVED IN PRODUCTION AGRICULTURE OR WHO MAKE THEIR LIVING IN AGRIBUSINESS. A DIGITAL EDITION IS MAILED OUT TO THOSE MEMBERS (AROUND 450) HAVE ASKED TO RECEIVE IT THIS WAY. IN 2024 WE ALSO PRODUCED AND DISTRIBUTED SPECIALIZED NEWSLETTERS TO SPECIFIC GROUPS OF INFB LEADERS AND VOTING MEMBERS. THE PUBLIC POLICY DISPATCH, PUBLISHED WEEKLY DURING THE STATE LEGISLATIVE SESSION AND EVERY OTHER WEEK DURING THE REST OF THE YEAR, IS SENT VIA E-MAIL TO OVER 30,000 PEOPLE AND GIVES READERS A CONCISE SUMMARY OF LEGISLATIVE ACTIVITY OF INTEREST TO FARM BUREAU MEMBERS AND INDIANA FARMERS. ANOTHER NEWSLETTER SENT TO A SPECIALIZED AUDIENCE WAS FRESH PICKS, WHICH WAS WRITTEN FOR MEMBERS WHO PRODUCE SPECIALTY CROPS. IN 2024, IT WAS EMAILED TO APPROXIMATELY 300 PEOPLE. THE FB FEED IS AN ELECTRONIC NEWSLETTER SENT MONTHLY (EXCEPT FOR DECEMBER) TO A SELECTION OF VOTING MEMBERS OF INDIANA FARM BUREAU. ITS CIRCULATION VARIES DEPENDING ON THE MEMBERSHIP RENEWAL CYCLE AS WELL HAS WHO HAS INDICATED THAT THEY WOULD LIKE TO RECEIVE IT, BUT IT AVERAGES AROUND 11,600. IT IS INTENDED TO SUPPLEMENT OUR MONTHLY PRINT PUBLICATION, THE HOOSIER FARMER. IN ADDITION TO TIMELY NEWS ITEMS AND LINKS TO IMPORTANT EVENTS AND INFORMATION, EACH EDITION FEATURES DIFFERENT SECTIONS AIMED AT SPECIFIC AUDIENCES E.G., YOUNG FARMERS AND AG PROFESSIONALS, DISTRICT EDUCATION & OUTREACH COORDINATORS, MEMBERSHIP CHAIRS AND POLICY CHAIRS.

Program 2

AGRICULTURE PROMOTION AND EDUCATION IN 2024, INDIANA FARM BUREAU EDUCATION STAFF DEVELOPED AN EDUCATOR GUIDE TO SUPPORT THE SEVENTH INFB BOOK OF THE YEAR, MY FAMILY'S CORN FARM BY KATIE OLTHOFF...

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AGRICULTURE PROMOTION AND EDUCATION IN 2024, INDIANA FARM BUREAU EDUCATION STAFF DEVELOPED AN EDUCATOR GUIDE TO SUPPORT THE SEVENTH INFB BOOK OF THE YEAR, MY FAMILY'S CORN FARM BY KATIE OLTHOFF. ADDITIONAL BOOK OF THE YEAR MATERIALS WERE AVAILABLE FOR FARM BUREAU MEMBERS WITHIN OUR COUNTY MARKETING DEPARTMENT; THESE INCLUDED A BOOK OF THE YEAR TOOLKIT, TRIVIA WHEEL INSERTS, TEN-STEPS TO FOLLOW FOR A BOOK DONATION PROJECTS, ALONG WITH TEMPLATES FOR FARM BUREAU MEMBERS TO USE WHILE PROMOTING THE BOOK. INDIANA AGRICULTURAL LITERACY WEEK CONTINUED IN 2024. A WEEKLY GUIDE WAS CREATED TO HELP OUR COUNTY VOLUNTEERS TO IDENTIFY THE PURPOSE AND GOALS OF HIGHLIGHTING AN AGRICULTURAL LITERACY WEEK WITHIN THEIR COUNTY PROGRAMMING. THE GUIDE ALSO PROVIDED A WEEKLY PLAN TO HELP VOLUNTEERS IDENTIFY ACTIVITIES AND RESOURCES AVAILABLE. TWO SUMMER WORKSHOPS WERE ORGANIZED BY THE INDIANA FARM BUREAU EDUCATION STAFF. THESE WORKSHOPS TARGETED AGRICULTURE IN THE CLASSROOM VOLUNTEERS AND K-12 TEACHERS. THE WORKSHOPS HIGHLIGHTED THE 2024 BOOK OF THE YEAR. THESE THREE WORKSHOPS WERE HELD AT TWO DIFFERENT LOCATIONS AROUND THE STATE: BIOTOWN AG IN REYNOLDS, IN AND THE VINCENNES UNIVERSITY JASPER CAMPUS IN JASPER, IN. OUR TOTAL ATTENDANCE OF 70. WE ALSO OFFERED A VIRTUAL AG IN THE CLASSROOM WORKSHOP IN JULY. AGRICULTURE IN THE CLASSROOM WELCOMED OVER 500 AG TEACHERS AND FACS EDUCATORS BACK TO SCHOOL IN AUGUST WITH A CLASSROOM RESOURCE GIFT OF AN INDIANA AG COMMODITIES STATE MAP POSTER, INDIANA AG MAG AND A PEN. INDIANA FARM BUREAU CONTINUED ITS EDUCATIONAL IMPACT THROUGH JUNIOR ACHIEVEMENT JOB SPARK EVENT. THE EVENT WAS HELD IN THE FALL CREEK PAVILION AT THE INDIANA STATE FAIR GROUNDS IMPACTING 13,000 STUDENTS. INDIANA FARM BUREAU PROVIDED AN AGRICULTURAL CAREERS EXPLORATION ACTIVITY. IN CONCLUSION, THE INDIANA FARM BUREAU AGRICULTURE IN THE CLASSROOM REACHED OVER 58,000 STUDENTS WITH THE HELP OF 115 INDIANA FARM BUREAU VOLUNTEERS THROUGHOUT 2025. WE WERE ABLE TO ENGAGE WITH 189 TEACHERS THROUGH FACE-TO-FACE PROFESSIONAL DEVELOPMENT WHICH WILL GENERATE A STUDENT IMPACT OF 9,500 STUDENTS.

Program 3

MEMBER EDUCATION AND LEADERSHIP DEVELOPMENT IN 2024, INFB SHARED INFORMATION WITH OUR MEMBERS TO SUPPORT THEIR NEEDS IN ENERGY, RURAL VIABILITY, WATER RIGHTS AND TAXATION. WE SUPPORTED OUR MEMBERS IN...

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MEMBER EDUCATION AND LEADERSHIP DEVELOPMENT IN 2024, INFB SHARED INFORMATION WITH OUR MEMBERS TO SUPPORT THEIR NEEDS IN ENERGY, RURAL VIABILITY, WATER RIGHTS AND TAXATION. WE SUPPORTED OUR MEMBERS IN BUILDING RELATIONSHIPS WITH ELECTED OFFICIALS IN AN IN-PERSON FORMAT AS WELL AS THROUGH VIRTUAL EVENTS. WE CONTINUED LEADERSHIP DEVELOPMENT PROGRAMMING FOR OUR LEADERSHIP AND MEMBERS AND ALSO CONTINUED OUR EDUCATIONAL PROGRAMMING BY OFFERING SESSIONS ON AGRICULTURAL DRAINAGE, UNDERSTANDING CONTRACTS AND LEASES, FARM SUCCESSION AND ESTATE PLANNING, IN ADDITION TO DIVERSIFICATION, SUSTAINABILITY AND MARKETING TO NAME A FEW. INFB CONTINUED A PROGRAM TO ASSIST FARMERS WITH ADDRESSING DAMAGES TO LIVESTOCK FROM BLACK VULTURES THROUGH ISSUING DEPRIVATION PERMITS. WE ALSO DELIVERED PROFESSIONAL DEVELOPMENT AND OUTREACH OPPORTUNITIES THAT ALLOWED OUR MEMBERS TO ENGAGE IN THEIR COMMUNITIES. VOLUNTEERS DELIVERED AGRICULTURE LESSONS IN-PERSON AND VIRTUALLY TO K-12 STUDENTS, BUILT RELATIONSHIPS WITH LOCAL STAKEHOLDERS AND ELECTED OFFICIALS, PROVIDED MARKETING SUPPORT FOR COUNTY LED PROGRAMS AND INITIATIVES AND AWARDED SCHOLARSHIPS TO COLLEGE STUDENTS. WE ALSO HIGHLIGHTED THE OUTSTANDING WORK OF OUR YOUNG FARMERS AND AG PROFESSIONALS THROUGH A COMPETITIVE AWARDS PROGRAM. INDIANA FARM BUREAU MEMBERS, INCLUDING YOUNG FARMERS & AG PROFESSIONALS WERE ABLE TO PARTICIPATE IN ADVOCACY EFFORTS AT THE INDIANA STATEHOUSE. THESE MEMBERS HAD THE OPPORTUNITY TO LEARN ABOUT THE IMPORTANCE OF ADVOCACY ON THE LOCAL, STATE AND FEDERAL LEVELS AS WELL AS RECEIVE LEADERSHIP DEVELOPMENT TRAINING TO ENHANCE THEIR COMMUNICATION SKILLS WHEN COMMUNICATING WITH LEGISLATORS AND OTHER KEY FIGURES WITHIN THEIR COMMUNITY. MEMBERS PARTICIPATED IN LEADERSHIP TRAINING SEMINARS, EDUCATIONAL WORKSHOPS AND OTHER SPECIAL PROGRAMING. ALSO CONTINUING IN 2024 WAS TRAINING FOR VOLUNTEERS AND EDUCATORS INVOLVED IN INFB'S AG IN THE CLASSROOM PROGRAM. TWO CONFERENCES FOR FARM BUREAU MEMBERS AND ASSOCIATED GROUPS AND INDIVIDUALS WERE HELD IN 2024. THE INDIANA FARM BUREAU STATE CONVENTION HELD IN 2024 OFFERED EDUCATIONAL SESSIONS INCLUDING AI, TECHNOLOGY AND THE FUTURE OF FARMING, TECH TALKS, FOREIGN INVESTMENT AND TECHNOLOGY THREATS, MANAGING STRATEGIC RISK, PLANNING FOR THE ELECTRIC GRID OF THE FUTURE, GROWING A BUSINESS, AND FARM EMERGENCY PREPAREDNESS. THE YOUNG FARMERS & AG PROFESSIONALS CONFERENCE INCLUDED SESSIONS SUCH AS TRANSITIONING THE FAMILY FARM, PARTNERING WITH YOUR VETERINARIAN, INNOVATION IN AGRICULTURE, TODAY'S AG OUTLOOK, NICHE MARKETING, FINANCING, ADVOCATING VS ARGUING AND FOUR POWER HOUR SESSIONS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,796,393
Program Service Revenue $535,748
Investment Income $2,624,474
Other Revenue $4,480,675
TOTAL REVENUE $13,437,290

Expense Breakdown

Grants Paid $285,242
Salaries & Benefits $6,797,800
Fundraising Expenses $0
Other Expenses $5,071,857
TOTAL EXPENSES $12,154,899

Year-over-Year Comparison

2024 2023 Change
Revenue $13,437,290 $11,980,090 +0.1%
Expenses $12,154,899 $12,098,943 +0.0%
Net Income $1,282,391 $-118,853 -11.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
11
Employees
68
Volunteers
1146

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$1,167,860
Total Directors
15
$756,976
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL KRON PRESIDENT 40.00
Officer Director
$150,699 $81,965 $408,393
KENDELL CULP DIRECTOR, VICE PRESIDENT 20.00
Officer Director
$77,935 $7,726 $85,661
JANIS HIGHLEY DIRECTOR, 2ND VICE PRESIDE 20.00
Officer Director
$0 $0 $0
BRUCE GUERNSEY DIRECTOR 10.00
Director
$13,200 $0 $25,200
BRUCE HERR DIRECTOR 10.00
Director
$13,200 $0 $25,200
HAROLD PARKER DIRECTOR (TERM ENDED 12/14) 10.00
Director
$13,550 $11,500 $25,050
JON SPARKS DIRECTOR 10.00
Director
$13,200 $12,000 $25,200
KERMIT PARIS DIRECTOR 10.00
Director
$13,200 $0 $25,200
KEVIN OUSLEY DIRECTOR 10.00
Director
$13,200 $0 $33,647
KEVIN UNDERWOOD DIRECTOR (TERM ENDED 12/14) 10.00
Director
$13,850 $0 $25,350
MARK SEIB DIRECTOR 10.00
Director
$13,200 $0 $25,200
MATTHEW HAYDEN DIRECTOR (TERM BEGINS 12/14) 10.00
Director
$550 $0 $1,050
ROBERT GESWEIN DIRECTOR 10.00
Director
$13,200 $0 $25,200
TERRY HAYHURST DIRECTOR 10.00
Director
$13,575 $0 $25,575
CORINA BRANT DIRECTOR (TERM BEGINS 12/14) 10.00
Director
$550 $0 $1,050
MARK SIGLER SECRETARY / TREASURER 40.00
Officer
$302,550 $77,775 $380,325
ROBIN HELDMAN ASSISTANT SECRETARY 40.00
Officer
$87,111 $39,786 $126,897
ELAINE RUEFF ASSISTANT TREASURER 40.00
Officer
$124,610 $41,974 $166,584
LAURA RUHLMAN EXECUTIVE DIRECTOR, MARKET 40.00
Highest
$131,557 $11,681 $143,238
KATRINA HALL SENIOR DIRECTOR POLICY STR 40.00
Highest
$180,348 $40,976 $221,324
MARK THORNBURG EXECUTIVE DIRECTOR, LEGAL 40.00
Highest
$164,428 $64,561 $228,989
MEGAN RITTER EXECUTIVE DIRECTOR OF ADMI 40.00
Highest
$190,946 $39,548 $230,494
RANDALL TAUER EXECUTIVE DIRECTOR, PUBLIC 40.00
Highest
$159,666 $36,281 $195,947
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $13,437,290 $12,154,899 $25,877,309 $1,282,391
2023 $11,980,090 $12,098,943 $24,491,033 $-118,853
2022 $11,731,618 $11,111,640 $23,959,518 $619,978
2021 $11,059,956 $10,185,159 $23,470,420 $874,797
2020 $11,074,675 $9,930,215 $22,690,251 $1,144,460
2019 $10,990,857 $10,610,530 $21,769,886 $380,327
2018 $11,125,109 $10,031,004 $20,912,558 $1,094,105
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