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Floyd County Farm Bureau

Not tax-deductible

Charles City, IA501(c)(5)EIN 42-0680708Revenue $150K in FY2024

On file with the IRS1102 Gilbert St, 50616-2640 · Charles City, IATax-exempt since Feb 1945

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

Run by 8 volunteers and 3 employees.
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
3 of 3
filings with a surplus
Average surplus $361K a year · 76% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 10.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
-1% vs prior year
Spent
$113K
To programs
0%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$150K
FY2024▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$136K
FY2021$147K
FY2022$1.1M
FY2023$151K
FY2024$150K
Expenses
$113K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$111K
FY2023$111K
FY2024$113K
Net assets
$1.5M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$406K
FY2021$430K
FY2022$1.4M
FY2023$1.5M
FY2024$1.5M

From the FY2024 Form 990 · see the original

990 PDF Claim

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Devon Murray
President
$0Pt VII · Sec A
Adam Staudt
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Carolyn Marth
Former Secretary (10/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Cunningham
Voting Delegate
$0Pt VII · Sec A
John Pearson
Former Voting Delegate (10/24)
$0Pt VII · Sec A
Jim Frisbie
Director
$0Pt VII · Sec A
See Floyd 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 Floyd County Farm Bureau

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Provided by the organization

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3 programs · in their 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

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Iowa Farm Bureau FederationFY2023$18K
Total grants receivedfrom 1 funder$18K
Grants paid · 1 grant · $10K · 2022–2022
Central Springs Ag Ed Boosters IncorporatedIA · FY2022$10,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150K
Ln 12
Fees for servicesLn 2g$73K
Investment incomeLn 3$43K
Gifts and grantsLn 1h$20K
Money outPt IX
$113K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$97K
Total assetsLn 16$1.5M
LiabilitiesLn 26$5K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$73K
Investment incomeLn 3$43K
Other incomeLn 4–11$15K
Gains on assetsLn 7$4K
Total revenueLn 12$150K
Assets in detailPt X, end of year
SavingsLn 2$97K
Cash and savings togetherLn 1–2$97K
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.5M
LiabilitiesLn 26$5K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 53
VolunteersI 68
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$89K$97K
InvestmentsLn 11–13$1.3M$1.4M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.5M$1.5M
LiabilitiesLn 26$4K$5K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$0
Grants to domestic individualsLn 2$3K$0
Pay of current officers, directors and key staffLn 5$462$0$0$0
Other salaries and wagesLn 7$32K$0$0$0
Other employee benefitsLn 9$106$0$0$0
Payroll taxesLn 10$3K$0$0$0
Management feesLn 11a$2K$0$0$0
Accounting feesLn 11c$2K$0$0$0
Investment management feesLn 11f$1K$0$0$0
Advertising and promotionLn 12$2K$0$0$0
Office expensesLn 13$9K$0$0$0
OccupancyLn 16$30$0$0$0
TravelLn 17$3K$0$0$0
Conferences, conventions and meetingsLn 19$4K$0$0$0
Payments to affiliatesLn 21$36K$0$0$0
InsuranceLn 23$899$0$0$0
Other expenses (24a–d)Ln 24$8K$0$0$0
Total functional expensesLn 25$113K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $150K$113K$37K$1.5M 990 PDF
FY2023 $151K$111K$40K$1.5M 990 PDF
FY2022 $1.1M$111K$1.0M$1.4M 990 PDF
FY2021 $147K$430K 990 PDF
FY2020 $136K$406K 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 (6 parts)
Part I · Summary $149,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,255$19,608
I-9 Program service revenuePrior year $72,360$72,630
I-10 Investment incomePrior year $44,432$42,608
I-11 Other revenuePrior year $17,427$14,826
I-12 Total revenuePrior year $151,474$149,672
I-13 Grants and similar amounts paidPrior year $8,067$10,962
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,434$34,950
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $66,494$67,255
I-18 Total expensesPrior year $110,995$113,167
I-19 Revenue less expensesPrior year $40,479$36,505
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $149,672 across 7 lines filed
VIII-1d Related organizations$19,608
VIII-1h Total contributions, gifts and grants$19,608
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$72,630
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $38,436$38,436
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,172$4,172
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,826 · Unrelated business $0 · Excluded from tax $0$14,826
VIII-12 Total revenueRelated to mission $87,456 · Unrelated business $0 · Excluded from tax $42,608$149,672
Part IX · Statement of functional expenses $113,167 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $0$7,962
IX-2 Grants to domestic individualsPrograms $0$3,000
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$462
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$31,822
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$106
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$2,560
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$1,614
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$1,865
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$1,058
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$2,253
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$9,374
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$30
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$2,552
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$4,020
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$35,508
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$899
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$8,082
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$113,167
Part X · Balance sheet $1,522,312 assets, 12 lines filed
Asset lines not itemized here account for $56,639; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $89,320$96,556
X-4 Accounts receivableStart of year $8,406$10,105
X-9 Prepaid expenses and deferred charges$105
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $92,918$129,844
X-12 Other securitiesStart of year $1,218,775$1,229,063
X-16 Total assetsStart of year $1,478,658$1,522,312
X-17 Accounts payable and accrued expensesStart of year $4,391$4,662
X-26 Total liabilitiesStart of year $4,391$4,662
X-27 Net assets without donor restrictionsStart of year $1,474,267$1,517,650
X-32 Total net assets or fund balancesStart of year $1,474,267$1,517,650
X-33 Total liabilities and net assetsStart of year $1,478,658$1,522,312
Part XI · Reconciliation of net assets $1,517,650 net assets at year end
XI-1 Total revenue$149,672
XI-2 Total expenses$113,167
XI-3 Revenue less expenses$36,505
XI-4 Net assets at start of year$1,474,267
XI-5 Net unrealized gains (losses) on investments$6,878
XI-10 Net assets at end of year$1,517,650

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

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