Hancock County Farm Bureau FY2020 filing

Not tax-deductible

Garner, IA501(c)(5)EIN 42-0293100Revenue $134K in FY2020

On file with the IRS65 State St, 50438-1108 · Garner, IATax-exempt since Feb 1945

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

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 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
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$134K
Spent
$120K
Net assets
$366K
By yearFY2020–FY2024
Revenue
$134K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$134K
FY2021$126K
FY2022$1.1M
FY2023$112K
FY2024$123K
Expenses
$120K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$120K
FY2021Not on file
FY2022$128K
FY2023$127K
FY2024$137K
Net assets
$366K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$366K
FY2021$395K
FY2022$1.3M
FY2023$1.3M
FY2024$1.4M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

Where the money goes

What each dollar paid for.

Fundraising 3% · $3K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Voting Delegate
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 2No
  • 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.

Questions for Hancock County Farm Bureau

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Provided by the organization

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1 program · in their own filed words · FY2020
01

Agriculture in the Classroom The main focus of Hancock County Farm Bureau and the direction of its Board of Directors has been the spread of Agriculture in the Classroom. This happens in many forms one is the donations to the countys FFA Clubs.

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$134K
Ln 12
Fees for servicesLn 2g$57K
Investment incomeLn 3$30K
Gifts and grantsLn 1h$29K
Money outPt IX
$120K
Ln 25
Fundraisingcol D$3K
Owns and owesPt X
$366K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$370K
LiabilitiesLn 26$5K
PeoplePt VI, VII
21
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fundraising eventsLn 1c$3K
Fees for servicesLn 2g$57K
Investment incomeLn 3$30K
Other incomeLn 4–11$18K
Gains on assetsLn 7$23K
Total revenueLn 12$134K
Assets in detailPt X, end of year
CashLn 1$25
SavingsLn 2$26K
Cash and savings togetherLn 1–2$26K
InvestmentsLn 11–13$339K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$8
Total assetsLn 16$370K
LiabilitiesLn 26$5K
Net assetsLn 32$366K
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 FY20End FY20
Cash and savingsLn 1–2$8K$26K
InvestmentsLn 11–13$339K$339K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$355K$370K
LiabilitiesLn 26$3K$5K
Net assetsLn 32$352K$366K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K
Grants to domestic individualsLn 2$1K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$5K
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$29K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$5K
Payroll taxesLn 10$3K
Management feesLn 11a$1K
Legal feesLn 11b$0
Accounting feesLn 11c$2K
Lobbying feesLn 11d$0
Investment management feesLn 11f$680
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K
Office expensesLn 13$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$19K
TravelLn 17$410
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$12K
InterestLn 20$0
Payments to affiliatesLn 21$25K
Depreciation, depletion and amortizationLn 22$410
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$7K
All other expensesLn 24e$0
Total functional expensesLn 25$120K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $134,438 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $30,225$29,100
I-9 Program service revenuePrior year $56,550$57,350
I-10 Investment incomePrior year $18,907$30,040
I-11 Other revenuePrior year $14,992$17,948
I-12 Total revenuePrior year $120,674$134,438
I-13 Grants and similar amounts paidPrior year $4,500$4,450
I-14 Benefits paid to membersPrior year $5,011$4,962
I-15 Salaries and benefitsPrior year $22,814$36,789
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74,732$74,170
I-18 Total expensesPrior year $107,057$120,371
I-19 Revenue less expensesPrior year $13,617$14,067
Part VI · Governance 22 of 22 board members independent, 1 to look at
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $134,438 across 9 lines filed
VIII-1c Fundraising events$3,200
VIII-1d Related organizations$25,900
VIII-1h Total contributions, gifts and grants$29,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $57,350$57,350
VIII-3 Investment incomeExcluded from tax $7,103$7,103
VIII-5 RoyaltiesExcluded from tax $13,748$13,748
VIII-6 Net rental income or lossRelated to mission $4,200$4,200
VIII-7 Net gain or loss on sales of assetsExcluded from tax $22,937$22,937
VIII-12 Total revenueRelated to mission $61,550 · Excluded from tax $43,788$134,438
Part IX · Statement of functional expenses $120,371 across 30 lines filed
IX-1 Grants to domestic organizations$3,450
IX-2 Grants to domestic individuals$1,000
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$4,962
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$29,222
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$4,922
IX-10 Payroll taxes$2,645
IX-11a Management fees$1,147
IX-11b Legal fees$0
IX-11c Accounting fees$1,947
IX-11d Lobbying fees$0
IX-11f Investment management fees$680
IX-11g Other fees for services$0
IX-12 Advertising and promotion$1,176
IX-13 Office expenses$3,876
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$19,200
IX-17 Travel$410
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$12,322
IX-20 Interest$0
IX-21 Payments to affiliates$25,234
IX-22 Depreciation, depletion and amortization$410
IX-23 Insurance$1,233
IX-24 Other expenses (24a–d)$6,535
IX-24e All other expenses$0
IX-25 Total functional expenses$120,371
Part X · Balance sheet $370,338 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $25$25
X-2 Savings and temporary cash investmentsStart of year $8,429$26,214
X-4 Accounts receivableStart of year $2,537$2,460
X-9 Prepaid expenses and deferred chargesStart of year $3,000$205
X-10c Land, buildings and equipment, netStart of year $2,358$1,948
X-11 Publicly traded securitiesStart of year $338,797$339,478
X-15 Other assetsStart of year $8$8
X-16 Total assetsStart of year $355,154$370,338
X-17 Accounts payable and accrued expensesStart of year $2,955$1,781
X-19 Deferred revenue$2,850
X-26 Total liabilitiesStart of year $2,955$4,631
X-27 Net assets without donor restrictionsStart of year $352,199$365,707
X-32 Total net assets or fund balancesStart of year $352,199$365,707
X-33 Total liabilities and net assetsStart of year $355,154$370,338
Part XI · Reconciliation of net assets $365,707 net assets at year end
XI-1 Total revenue$134,438
XI-2 Total expenses$120,371
XI-3 Revenue less expenses$14,067
XI-4 Net assets at start of year$352,199
XI-5 Net unrealized gains (losses) on investments−$559
XI-10 Net assets at end of year$365,707

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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