IOWA FARM BUREAU FEDERATION D/B/A SHELBY COUNTY FARM BUREAU

EIN: 420685000

HARLAN, IA

Total Revenue
$148,716
Total Expenses
$122,787
Total Assets
$1,397,453
Net Assets
$1,393,985
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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IA
Principal Officer
JASON PETERSEN
Phone
7127555145
Tax Period
2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A SHELBY COUNTY FARM BUREAU, founded in 1918, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. The organization ran a surplus of $26K, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1

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

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AG EDUCATION: SHELBY COUNTY FARM BUREAU STRONGLY SUPPORTS AGRICULTURAL EDUCATION AND HAS WORKED VERY HARD AT KEEPING THE LOCAL SCHOOLS AWARE OF HOW IMPORTANT AGRICULTURE IS. THEY HAVE DONE THIS BY: SUPPORTING THE LOESS HILLS AITC THAT THE BOARD HELP CREATE TO TEACH CHILDREN IN SW IOWA WHERE THEIR FOOD COMES FROM, ASSISTING AITC WITH STEM NIGHT ACTIVITIES IN AREA SCHOOLS, ASSISTING AITC WITH THE SHELBY COUNTY FAIR BOOTH AND FARM BUREAU PAVILLION, AND IS SUPPORTING ALL 4-H AND LOCAL FFA CHAPTERS, AWARDING SCHOLARSHIPS TO SENIORS ATTENDING COLLEGE, SENDING LOCAL YOUNG FARMERS TO THE YOUNG FARMERS & LEADERSHIP CONFERENCE AND HOSTING AN ANNUAL SUMMER TEACHER WORKSHOP.

Program 2

PUBLIC RELATIONS: SHELBY COUNTY FARM BUREAU IS VERY STRONG IN THIS AREA. WE SPONSOR A PEDAL TRACTOR DRIVE DURING THE SHELBY COUNTY FAIR FOR ALL AGES, DONATING T-SHIRTS AND TROPHIES TO PARTICIPANTS...

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PUBLIC RELATIONS: SHELBY COUNTY FARM BUREAU IS VERY STRONG IN THIS AREA. WE SPONSOR A PEDAL TRACTOR DRIVE DURING THE SHELBY COUNTY FAIR FOR ALL AGES, DONATING T-SHIRTS AND TROPHIES TO PARTICIPANTS. WE PROMOTE THE YOUNG FARMERS CONFERENCE. WE DONATE TO FARMER'S MARKETS. WE SEND BOMGAARS COUPONS TO ALL OF SHELBY COUNTY FB MEMBERS, HAVE RADON TEST KITS, BOMGAARS COUPONS, AND TRUCK INSPECTION SHEETS AVAILABLE FOR FB MEMBERS. WE CONDUCT AN AG WEEK RADIO CONTEST WITH KNOD RADIO STATION. AWARD A $500 HONORARIUM TO THE TOP/MOST ACTIVE SHELBY COUNTY 4-H GRADUATING SENIOR.

Program 3

PUBLIC POLICY: SHELBY COUNTY FARM BUREAU IS VERY ACTIVE IN THEIR POLICY DEVELOPMENT AND POLICY IMPLEMENTATION ACTIVITIES. OPINIONNAIRES WERE FILLED OUT BY MEMBERS PRIOR TO THE ANNUAL MEETING DEALING...

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PUBLIC POLICY: SHELBY COUNTY FARM BUREAU IS VERY ACTIVE IN THEIR POLICY DEVELOPMENT AND POLICY IMPLEMENTATION ACTIVITIES. OPINIONNAIRES WERE FILLED OUT BY MEMBERS PRIOR TO 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 AND COUNTY ENGINEER ATTEND A BOARD MEETING IN THE SPRING TO TALK ABOUT THE BUDGET AND SUBJECT MATTERS PERTAINING TO THE COUNTY. BOARD MEMBERS REGULARLY ATTEND AND HOST LEGISLATIVE COFFEES AND OTHER MEETINGS THAT INVOLVE ISSUES WITH SHELBY COUNTY. VOTING DELEGATE ATTENDED FB EVENTS AND TALKED WITH SENATORS AND REPRESENTATIVES. BOARD MEMBERS ATTEND FB DAYS AT THE CAPITOL. STATE REPRESENTATIVES ATTENDED LOCAL FB ANNUAL MEETING AND FALL REGIONAL MEETING TO DISCUSS CURRENT LEGISLATIVE ISSUES.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,682
Program Service Revenue $48,915
Investment Income $70,435
Other Revenue $15,684
TOTAL REVENUE $148,716

Expense Breakdown

Grants Paid $20,900
Salaries & Benefits $33,280
Fundraising Expenses $0
Other Expenses $64,872
TOTAL EXPENSES $122,787

Year-over-Year Comparison

2024 2023 Change
Revenue $148,716 $138,515 +0.1%
Expenses $122,787 $115,375 +0.1%
Net Income $25,929 $23,140 +0.1%
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
18
Independent Members
18
Employees
1
Volunteers
28

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
4
$56
Total Directors
18
$448
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON PETERSEN PRESIDENT 2.00
Officer Director
$0 $40 $40
GABE FERRY VICE PRESIDENT 2.00
Officer Director
$0 $16 $16
MIKE KELLEY SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
JOEL WAHLING VOTING DELEGATE 2.00
Officer Director
$0 $0 $0
ALAN KENKEL DIRECTOR 1.00
Director
$0 $108 $108
JEROD JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
RON MILLER DIRECTOR 1.00
Director
$0 $16 $16
GAYLEN SMITH DIRECTOR 1.00
Director
$0 $136 $136
MIKE FARA DIRECTOR 1.00
Director
$0 $64 $64
ERIC MONSON DIRECTOR 1.00
Director
$0 $0 $0
AMY MCLAUGHLIN DIRECTOR 1.00
Director
$0 $0 $0
RANDY NELSON DIRECTOR 1.00
Director
$0 $0 $0
PAULETTE MADSON DIRECTOR 1.00
Director
$0 $0 $0
CHRIS EVANS DIRECTOR 1.00
Director
$0 $20 $20
TODD BLUM DIRECTOR 1.00
Director
$0 $0 $0
DANIEL HELLER DIRECTOR 1.00
Director
$0 $48 $48
SAM KENKEL DIRECTOR 1.00
Director
$0 $0 $0
MATT BARTELSON DIRECTOR 1.00
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 $148,716 $122,787 $1,397,453 $25,929
2023 $138,515 $115,375 $1,379,108 $23,140
2022 $1,100,450 $116,857 $1,360,894 $983,593
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