Farm Foundation EIN 26-4499028 Form 990 (PDF) Claim this org

Farm Foundation FY2020 filing

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Promotes science-based public policy for agriculture, food, and rural communities. For fiscal year 2020 it reported $2.3M in revenue, $2.1M in expenses, and $778K in net assets.Pt I

Type
Public charity (501(c)(3)) · Food & Agriculture
Location
Libertyville, IL
Website
www.farmfoundation.org
Filings
5 on file (2020–2020)
Revenue
$2.3MFY2020
Expenses
$2.1M
Net assets
$778K
People
38
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4499028 Public charity (501(c)(3)) Libertyville, IL
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/25/26 · see original: IRS
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Size
$1–10M
What they do
Promotes science-based public policy for agriculture, food, and rural communities.
Leadership
Megan Provost · Vice President, Policy and · $227K
Money in and out
$2.3M revenue, $2.1M expenses
Bottom line
47% program efficiency
Where the money goes · FY2020
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$778K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $200K
Where spending went · Part IX cols B–D
Program services $0.47 Management & general $0.49 Fundraising $0.04
Program efficiency
47%
of spending reaches programs
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$2.3M
FY2020
Expenses
$2.1M
FY2020
Total assets
$986K
FY2020
Total liabilities
$208K
FY2020
Total revenue
$2.3M
Pt VIII · Ln 12
Total expenses
$2.1M
Pt IX · Ln 25
Net assets
$778K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$200K
Total assetsPt X · Ln 16$986K
Program-expense ratioPt IX · col B47%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

3 program services account for $970K of program spending, described in the organization's own filed words · FY2019.
01

The round table, a program of farm foundation, is an invitational group of agricultural and agribusiness leaders from across the food system and across the united states and canada. They meet twice a year to discuss evolving issues facing agriculture, the food system, and rural regions.

$492Kprogram expense
02

Examined producer motivations and obstacles to utlizing government conservation programs, convened a dialogue meeting around the trade issues facing agriculture, launched a new scholars program to engage the next generation of agricultural leaders, published a paper summarizing challenges facing new farmers.

$312Kprogram expense
03

Hosted a series of farm foundation forums in washington, D.C., topromote discussion of critical issues impacting agriculture, the foodsystem and rural communities.

$167Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFarm Foundation
EINHdr · item D26-4499028
Principal addressHdr · item CLibertyville, IL
WebsiteHdr · item Jwww.farmfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Vice President, Policy and
$227,129Pt VII · Sec A
Vice President of External
$194,875Pt VII · Sec A
Former President
$142,073Pt VII · Sec A
VP, Communications and Sec
$123,747Pt VII · Sec A
Secretary, Senior Director of Finance
$112,448Pt VII · Sec A
$69,808Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Shari Rogge-Fidler’s $442K as President & CEO is at the 100th percentile of top reported officer pay among 819 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Shari Rogge-Fidler$441,606$440,371$453,750$355,389$69,808
Megan Provost$227,129
Tim Brennan$170,740$173,442$174,988$163,995$194,875
Amy Keane$159,988$172,869$174,482$163,909$112,448
Martha King$169,617$161,840$154,722$158,142
Todd Price$156,695$146,900$122,517
Constance Cullman$142,073
Mary M Thompson$123,747

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$2.0M · 90%
Program service revenue$233K · 10%
Contributions & grants90%$2.0M
Program service revenue10%$233K
Investment income$2K
— government grantsLn 1e$32K
Total revenueLn 12$2.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.47 Management & general $0.49 Fundraising $0.04
Program services47%$970K
Management & general49%$1.0M
Fundraising4%$92K
Total functional expensesLn 25$2.1M

Balance Sheet

Part X · end of year
CashLn 1$767K
Total assetsLn 16$986K
Total liabilitiesLn 26$208K
Total net assetsLn 32$778K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $767K · Operating expenses/yr $2.1M
4.5 months
Where the money goes
Program services
Program services $970K · Total expenses $2.1M
47%
Management & General
Management & general $1.0M · Total expenses $2.1M
49%
Fundraising
Fundraising $92K · Total expenses $2.1M
4%
Cost to raise $1
Fundraising expense $92K · Solicited contributions $2.0M
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $2.0M · Total revenue $2.3M
90%
Government reliance
Government grants $32K · Total revenue $2.3M
1%
Earned-income share
Program service revenue $233K · Total revenue $2.3M
10%
Investment reliance
Investment income $2K · Total revenue $2.3M
+0.09%
Program self-sufficiency
Program service revenue $233K · Total expenses $2.1M
11%
Growth & trend
Revenue growth (YoY)
This year $2.3M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $778K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.3M · Expenses $2.1M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $986K
Net-asset ratio
Net assets $778K · Total assets $986K
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $986K
0%
People & payroll
Highest Reported Total Compensation
Individual Megan Provost · Reported title VICE PRESIDENT, POLICY AND · Highest reported compensation $227K · Total expenses $2.1M
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $2.1M
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 47%
Overhead ratio 49%
Fundraising cost ratio 5%
Legal fee ratio 0.4%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$4.4M revenue · ⤓ 990 PDF
FY2023$4.7M revenue · ⤓ 990 PDF
FY2022$3.9M revenue · ⤓ 990 PDF
FY2021$3.8M revenue · ⤓ 990 PDF
FY2020$2.3M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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