Hancock County Farm Bureau

Not tax-deductible

Garner, IA501(c)(5)EIN 42-0293100

To create a vibrant future for agriculture, farm families and their communities.

Run by 140 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $247K a year · 66% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$123K
+10% vs prior year
Spent
$137K
To programs
0%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$123K
FY2024▲ +10%
Revenue by fiscal year
FY2020$134K
FY2021$126K
FY2022$1.1M
FY2023$112K
FY2024$123K
Expenses
$137K
FY2024▲ +8%
Expenses by fiscal year
FY2020$120K
FY2021Not on file
FY2022$128K
FY2023$127K
FY2024$137K
Net assets
$1.4M
FY2024▲ +2%
Net assets by fiscal year
FY2020$366K
FY2021$395K
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Voting Delegate
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hancock County Farm Bureau executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports farmers, families, and communities for a thriving agricultural future.

Provided by the organization

This section is blank until Hancock County Farm Bureau claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

See Schedule O.

Pt IX · col B
02

See Schedule O.

Pt IX · col B
03

See Schedule O.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$123K
Ln 12
Fees for servicesLn 2g$58K
Investment incomeLn 3$33K
Gifts and grantsLn 1h$27K
Money outPt IX
$137K
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$1.4M
LiabilitiesLn 26$11K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27K
Fees for servicesLn 2g$58K
Investment incomeLn 3$33K
Other incomeLn 4–11$4K
Gains on assetsLn 7$537
Total revenueLn 12$123K
Assets in detailPt X, end of year
SavingsLn 2$26K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$1.4M
LiabilitiesLn 26$11K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6140
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$21K$26K
InvestmentsLn 11–13$1.3M$1.3M
Land, buildings, equipmentLn 10c$4K$3K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$6K$11K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$750$0
Grants to domestic individualsLn 2$4K$0
Pay of current officers, directors and key staffLn 5$250$0$0$0
Management feesLn 11a$1K$0$0$0
Accounting feesLn 11c$1K$0$0$0
Investment management feesLn 11f$3K$0$0$0
Other fees for servicesLn 11g$50K$0$0$0
Advertising and promotionLn 12$5K$0$0$0
Office expensesLn 13$6K$0$0$0
OccupancyLn 16$19K$0$0$0
TravelLn 17$2K$0$0$0
Conferences, conventions and meetingsLn 19$13K$0$0$0
Payments to affiliatesLn 21$26K$0$0$0
Depreciation, depletion and amortizationLn 22$1K$0$0$0
InsuranceLn 23$1K$0$0$0
Other expenses (24a–d)Ln 24$4K$0$0$0
Total functional expensesLn 25$137K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $123K$137K−$14K$1.4M 990 PDF
FY2023 $112K$127K−$15K$1.3M 990 PDF
FY2022 $1.1M$128K$1.0M$1.3M 990 PDF
FY2021 $126K$395K 990 PDF
FY2020 $134K$120K$14K$366K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $122,785 across 9 lines filed
VIII-1d Related organizations$22,515
VIII-1f All other contributions, gifts and grants$4,550
VIII-1h Total contributions, gifts and grants$27,065
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$58,100
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $32,849$32,849
VIII-6 Net rental income or lossExcluded from tax $4,200$4,200
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $537$537
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34 · Unrelated business $0 · Excluded from tax $0$34
VIII-12 Total revenueRelated to mission $58,134 · Unrelated business $0 · Excluded from tax $37,586$122,785
Part IX · Statement of functional expenses $137,078 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $0$750
IX-2 Grants to domestic individualsPrograms $0$3,500
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$250
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$1,162
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$1,412
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$3,042
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$49,806
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$4,891
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$6,122
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$19,200
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$1,592
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$13,203
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$25,564
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$1,095
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$1,225
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$4,264
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$137,078
Part X · Balance sheet $1,381,307 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $20,588$25,906
X-4 Accounts receivableStart of year $2,456$4,246
X-10c Land, buildings and equipment, netStart of year $3,798$2,704
X-11 Publicly traded securitiesStart of year $321,929$353,266
X-12 Other securitiesStart of year $995,185$995,185
X-16 Total assetsStart of year $1,343,956$1,381,307
X-17 Accounts payable and accrued expensesStart of year $5,793$11,019
X-26 Total liabilitiesStart of year $5,793$11,019
X-27 Net assets without donor restrictionsStart of year $1,338,163$1,370,288
X-32 Total net assets or fund balancesStart of year $1,338,163$1,370,288
X-33 Total liabilities and net assetsStart of year $1,343,956$1,381,307
Part XI · Reconciliation of net assets $1,370,288 net assets at year end
XI-1 Total revenue$122,785
XI-2 Total expenses$137,078
XI-3 Revenue less expenses−$14,293
XI-4 Net assets at start of year$1,338,163
XI-5 Net unrealized gains (losses) on investments$46,418
XI-10 Net assets at end of year$1,370,288

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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