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Monroe County Farm Bureau

Not tax-deductible

Albia, IA501(c)(5)Mutual / membership EIN 42-0684991Revenue $66K in FY2024

On file with the IRS119 Washington Ave E, 52531-2026 · Albia, IATax-exempt since Feb 1945

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

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Run by 24 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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 $342K a year · 87% 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
25 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
Looks good: 24.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$66K
+15% vs prior year
Spent
$54K
To programs
0%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$66K
FY2024▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$59K
FY2021$60K
FY2022$1.1M
FY2023$57K
FY2024$66K
Expenses
$54K
FY2024▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$48K
FY2023$48K
FY2024$54K
Net assets
$1.3M
FY2024▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2020$248K
FY2021$260K
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
Donnie Conway
President
$0Pt VII · Sec A
Lizzie McGlothlen
Former President (10/24)
$0Pt VII · Sec A
Ed Yarkosky
Secretary
$0Pt VII · Sec A
Emma Conway
Treasurer
$0Pt VII · Sec A
Bryan Reed
Voting Delegate
$0Pt VII · Sec A
Dan Beary
Director
$0Pt VII · Sec A
Paul Belzer
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Monroe 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 and rural communities for a thriving agricultural future.

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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 · funders on record
Grants received · FY2023
Iowa Farm Bureau FederationFY2023$8K
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$66K
Ln 12
Investment incomeLn 3$34K
Fees for servicesLn 2g$21K
Gifts and grantsLn 1h$12K
Money outPt IX
$54K
Ln 25
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$1.3M
LiabilitiesLn 26$8K
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$21K
Investment incomeLn 3$34K
Gains on assetsLn 7$0
Total revenueLn 12$66K
Assets in detailPt X, end of year
SavingsLn 2$113K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$1.3M
LiabilitiesLn 26$8K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 624
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$64K$113K
InvestmentsLn 11–13$1.2M$1.2M
Land, buildings, equipmentLn 10c$20K$18K
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$2K$8K
Net assetsLn 32$1.3M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$0
Other salaries and wagesLn 7$9K$0$0$0
Other employee benefitsLn 9$45$0$0$0
Payroll taxesLn 10$756$0$0$0
Management feesLn 11a$463$0$0$0
Accounting feesLn 11c$713$0$0$0
Other fees for servicesLn 11g$1K$0$0$0
Advertising and promotionLn 12$4K$0$0$0
Office expensesLn 13$7K$0$0$0
TravelLn 17$553$0$0$0
Conferences, conventions and meetingsLn 19$15K$0$0$0
Payments to affiliatesLn 21$10K$0$0$0
Depreciation, depletion and amortizationLn 22$50$0$0$0
InsuranceLn 23$453$0$0$0
Other expenses (24a–d)Ln 24$2K$0$0$0
Total functional expensesLn 25$54K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $66K$54K$12K$1.3M 990 PDF
FY2023 $57K$48K$10K$1.3M 990 PDF
FY2022 $1.1M$48K$1.0M$1.3M 990 PDF
FY2021 $60K$260K 990 PDF
FY2020 $59K$248K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $66,168 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,161$11,771
I-9 Program service revenuePrior year $21,240$20,835
I-10 Investment incomePrior year $28,705$34,343
I-11 Other revenuePrior year $359−$781
I-12 Total revenuePrior year $57,465$66,168
I-13 Grants and similar amounts paidPrior year $3,621$2,179
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,686$10,131
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,523$41,906
I-18 Total expensesPrior year $47,830$54,216
I-19 Revenue less expensesPrior year $9,635$11,952
Part VI · Governance 16 of 16 board members independent, 2 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $66,168 across 9 lines filed
VIII-1d Related organizations$9,701
VIII-1f All other contributions, gifts and grants$2,070
VIII-1h Total contributions, gifts and grants$11,771
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$20,835
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $34,343$34,343
VIII-6 Net rental income or lossExcluded from tax −$3,314−$3,314
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,533 · Unrelated business $0 · Excluded from tax $0$2,533
VIII-12 Total revenueRelated to mission $23,368 · Unrelated business $0 · Excluded from tax $31,029$66,168
Part IX · Statement of functional expenses $54,216 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$2,179
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$9,330
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$45
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$756
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$463
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$713
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$1,139
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$4,297
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$7,057
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$553
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$14,876
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$10,186
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$50
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$453
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$2,119
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$54,216
Part X · Balance sheet $1,293,198 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $63,546$112,559
X-4 Accounts receivableStart of year $1,378$3,541
X-10c Land, buildings and equipment, netStart of year $19,810$18,041
X-12 Other securitiesStart of year $1,189,967$1,159,057
X-16 Total assetsStart of year $1,274,701$1,293,198
X-17 Accounts payable and accrued expensesStart of year $762$7,307
X-19 Deferred revenueStart of year $975$975
X-26 Total liabilitiesStart of year $1,737$8,282
X-27 Net assets without donor restrictionsStart of year $1,272,964$1,284,916
X-32 Total net assets or fund balancesStart of year $1,272,964$1,284,916
X-33 Total liabilities and net assetsStart of year $1,274,701$1,293,198
Part XI · Reconciliation of net assets $1,284,916 net assets at year end
XI-1 Total revenue$66,168
XI-2 Total expenses$54,216
XI-3 Revenue less expenses$11,952
XI-4 Net assets at start of year$1,272,964
XI-10 Net assets at end of year$1,284,916

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

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