IOWA FARM BUREAU FEDERATION D/B/A W POTTAWATTAMIE COUNTY FARM BUREAU

EIN: 420593575

COUNCIL BLUFFS, IA

Total Revenue
$256,696
Total Expenses
$190,445
Total Assets
$1,962,483
Net Assets
$1,957,990
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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IA
Principal Officer
MIKE GENEREUX
Phone
7123220251
Tax Period
2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A W POTTAWATTAMIE COUNTY FARM BUREAU, founded in 1918, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 26% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

AG EDUCATION: WEST POTTAWATTAMIE COUNTY FARM BUREAU STRONGLY SUPPORTS AGRICULTURAL EDUCATION AND HAS WORKED VERY HARD AT KEEPING THE LOCAL SCHOOLS AWARE OF HOW IMPORTANT AGRICULTURE IS. WE HAVE DONE...

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AG EDUCATION: WEST POTTAWATTAMIE COUNTY FARM BUREAU STRONGLY SUPPORTS AGRICULTURAL EDUCATION AND HAS WORKED VERY HARD AT KEEPING THE LOCAL SCHOOLS AWARE OF HOW IMPORTANT AGRICULTURE IS. WE HAVE DONE THIS BY CONDUCTING AITC ACTIVITIES IN AREA SCHOOLS AND SUPPORTING LOESS HILLS AITC. WE HOPE OUR INVOLVEMENT IN THE AREA WILL ENCOURAGE INDIVIDUALS TO BE PREPARED FOR LEADERSHIP AND CAREERS IN SCIENCE, BUSINESS AND TECHNOLOGY OF AGRICULTURE. WE CONTINUE TO SUPPORT OUR LOCAL FFA PROGRAM IN WHICH A MONETARY GIFT TO HELP BUILD A BARN ON THE SCHOOL GROUNDS TO HELP THE STUDENTS LEARNED MORE ABOUT LIVESTOCK BY ON HANDS EDUCATION. SOME OF THOSE EVENTS INCLUDES SPONSORING A SOIL JUDGING CONTEST FOR FFA MEMBERS AT WALLACE RESEARCH FARM. WE AWARD 3 SCHOLARSHIPS AND SEND LOCAL YOUNG FARMERS TO THE YOUNG FARMERS & LEADERSHIP CONFERENCE. WEST POTTAWATTAMIE CREATED A AG ENTREPRENEURSHIP PROGRAM- WHERE TWO 8TH GRADE STUDENTS ARE CHOSEN TO PARTICIPATE IN THE PROGRAM. THEY EACH RECEIVE A $5000 LOAN TO CREATE AN AG BASED BUSINESS. AT THE END OF FIVE YEARS THE STUDENT WILL PAY BACK THE ORIGINAL $5000 INTEREST FREE LOAN.

Program 2

PUBLIC RELATIONS: WEST POTTAWATTAMIE COUNTY FARM BUREAU IS VERY STRONG IN THIS AREA AS WE ARE STRONG SUPPORTERS OF WESTFAIR, WE SPONSOR THE PANCAKE BREAKFAST AT WESTFAIR FOR ALL 4-H'ERS AND THEIR...

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PUBLIC RELATIONS: WEST POTTAWATTAMIE COUNTY FARM BUREAU IS VERY STRONG IN THIS AREA AS WE ARE STRONG SUPPORTERS OF WESTFAIR, WE SPONSOR THE PANCAKE BREAKFAST AT WESTFAIR FOR ALL 4-H'ERS AND THEIR FAMILY. PURCHASE TROPHIES FOR CHAMPION PEN OF THREE MARKET SWINE, HOST A YOUNG FARMER EVENT ANNUALLY AT THE FAIR. THE BOARD MEMBERS HANDS OUT COMMEMORATIVE VOLLEYBALLS, BASKETBALLS, FOOTBALLS AND BASEBALLS TO AREA SCHOOLS THAT ADVANCE TO STATE. EACH OF THE PRESENTERS TALKED TO THE STUDENTS ABOUT HOW FB SUPPORTS THE KIDS NOT ONLY WITH THE BALLS, BUT WITH SCHOLARSHIPS FOR THEIR EDUCATION. WE PROMOTED THE YOUNG FARMERS CONFERENCE. STARTED A BABY SEAT PROMOTION, WILL GIVE FIRST TIME PARENTS A $50 VOUCHER TO PURCHASE A CAR SEAT. SEND BOMGAAR COUPONS TO ALL OF W. POTTAWATTAMIE FB MEMBERS. HAVE RADON TEST KITS AND TRUCK INSPECTION SHEETS AVAILABLE FOR FB MEMBERS.

Program 3

PUBLIC POLICY: WEST POTTAWATTAMIE COUNTY FARM BUREAU IS VERY ACTIVE IN THEIR POLICY DEVELOPMENT AND POLICY IMPLEMENTATION ACTIVITIES. OPINIONNAIRES WERE FILLED OUT BY MEMBERS AT THE ANNUAL MEETING...

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PUBLIC POLICY: WEST POTTAWATTAMIE COUNTY FARM BUREAU IS VERY ACTIVE IN THEIR POLICY DEVELOPMENT AND POLICY IMPLEMENTATION ACTIVITIES. OPINIONNAIRES WERE FILLED OUT BY MEMBERS AT THE ANNUAL MEETING DEALING WITH LOCAL, STATE AND NATIONAL ISSUES. PROPOSED RESOLUTIONS ARE PRESENTED AT A BOARD MEETING IN JULY WITH FB MEMBERS INVITED TO BE DEBATED AND AMENDED. ADOPTED RESOLUTIONS ARE SUPPORTED BY THE VOTING DELEGATE AT THE STATE POLICY CONFERENCE. A REGIONAL BOARD MEETING IS HELD. THE PURPOSE OF THIS MEETING IS TO SURFACE COUNTY ISSUES. COUNTY SUPERVISORS, TREASURER, ENGINEER, AUDITOR AND SHERIFF ATTEND A BOARD MEETING IN THE SPRING TO TALK ABOUT THE BUDGET AND SUBJECT MATTERS PERTAINING TO THE COUNTY. BOARD MEMBERS REGULARLY ATTEND LEGISLATIVE COFFEES AND OTHER MEETINGS THAT INVOLVE ISSUES WITH W. POTTAWATTAMIE COUNTY. VOTING DELEGATE ATTENDED FB EVENTS AND TALKED WITH SENATORS AND REPRESENTATIVES. BOARD MEMBERS ATTEND FB DAYS AT THE CAPITOL. W. POTTAWATTAMIE HAS A VERY ACTIVE AND WILLING RESPONSE TEAM. STATE REPRESENTATIVES ATTENDED LOCAL FB MEETING TO DISCUSS DIFFERENT ISSUES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,594
Program Service Revenue $88,785
Investment Income $91,531
Other Revenue $51,786
TOTAL REVENUE $256,696

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $51,599
Fundraising Expenses $0
Other Expenses $117,402
TOTAL EXPENSES $190,445

Year-over-Year Comparison

2024 2023 Change
Revenue $256,696 $330,277 -0.2%
Expenses $190,445 $180,453 +0.1%
Net Income $66,251 $149,824 -0.6%
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
16
Independent Members
16
Employees
1
Volunteers
18

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
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE GENEREUX PRESIDENT 0.75
Officer Director
$0 $0 $0
ADAM GITTINS VICE PRESIDENT 0.75
Officer Director
$0 $0 $0
DAN ELLIOT SECRETARY 0.75
Officer Director
$0 $0 $0
ERIK PETERSEN TREASURER 0.75
Officer Director
$0 $0 $0
ADAM SUDMANN VOTING DELEGATE 0.75
Officer Director
$0 $0 $0
DARLA GOODMAN WOMENS CHAIR 0.75
Officer Director
$0 $0 $0
MIKE SCHROPP DIRECOTR 0.50
Director
$0 $0 $0
DAVE BRANDT DIRECOTR 0.50
Director
$0 $0 $0
JOE TURNER DIRECOTR 0.50
Director
$0 $0 $0
RUSSELL MILLER DIRECOTR 0.50
Director
$0 $0 $0
BRANDON VORTHMANN DIRECOTR 0.50
Director
$0 $0 $0
KELBY VORTHMANN DIRECOTR 0.50
Director
$0 $0 $0
GREG MILLER DIRECOTR 0.50
Director
$0 $0 $0
JEFF HAZELWOOD DIRECOTR 0.50
Director
$0 $0 $0
TREY WHITFIELD DIRECOTR 0.50
Director
$0 $0 $0
LUKE STAMP DIRECOTR 0.50
Director
$0 $0 $0
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 $256,696 $190,445 $1,962,483 $66,251
2023 $330,277 $180,453 $1,914,805 $149,824
2022 $1,157,433 $168,491 $1,773,012 $988,942
2021 $164,704 $161,164 $824,995 $3,540
2020 $156,718 $139,377 $813,278 $17,341
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