Oklahoma Farm Bureau FY2023 filing

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Supporting the agriculture community to improve the lives of oklahomans

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
74¢ of each $1 spent went to programs.
$329K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
4 of 4
filings with a surplus
Average surplus $357K a year · 7% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$329K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $5.2M in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 10 voting members
Fine: 5 of 10 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+12% vs prior year
Spent
$5.6M
To programs
74%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$5.7M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2022$5.1M
FY2023$5.7M
FY2024$6.2M
Expenses
$5.6M
FY2023▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2022$4.8M
FY2023$5.6M
FY2024$6.2M
Net assets
$7.5M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.8M
FY2022$7.0M
FY2023$7.5M
FY2024$7.5M

From the FY2023 Form 990 (year ending October 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 May 1960.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $4.1M Management & general 26% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $329K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
SR Director of Regulatory Aff
$115,113Pt VII · Sec A
President
$80,500Pt VII · Sec A
$20,000Pt VII · Sec A
Treasurer
$16,850Pt VII · Sec A
Director
$16,700Pt VII · Sec A
$16,400Pt VII · Sec A
$12,700Pt VII · Sec A
Director
$11,350Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2020
Marla Peek—$115,113$109,339—
Rodd Moesel$90,300$80,500$58,000—
Rod Moesel———$68,200
Michael Clark$18,300$20,000——
Jim Meek$19,650$16,850$13,200$9,300
Roger Moore$19,300$16,700——
Stacy Simunek$18,400$16,400$7,600—
Leon Richards$16,575$10,950$4,150—

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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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 and improves their working conditions through membership.

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Provided by the organization

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3 programs · $4.1M · in their own filed words · FY2022
01

Public relationsproduces a quarterly magazine, oklahoma country and a biweekly publication, perspective. Staff writes articles and takes pictures of various members or people of interest to the agricultural community.

$2.4Mprogram expense
02

Field service, organization & membershipkeep membership database for 77 county farm bureaus and provide membership reports. Set up booths at state fairs and agricultural meetings. Field representatives are the liaisons for the home office and the county farm bureaus.

$1.0Mprogram expense
03

Public policykeeps members informed about legislation that affects agriculture and rural communities. Hosts events to bring legislators and members together to discuss legislation and items of concern. 89,000+ persons benefited.

$733Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $810K · 2021–2023

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Other incomeLn 4–11$4.3M
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$197K
Money outPt IX
$5.6M
Ln 25
Programscol B$4.1M
Managementcol C$1.4M
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$652K
Total assetsLn 16$8.6M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A12
Voting boardVI 1a10
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Fees for servicesLn 2g$43K
Investment incomeLn 3$197K
Other incomeLn 4–11$4.3M
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$197K
SavingsLn 2$455K
Cash and savings togetherLn 1–2$652K
InvestmentsLn 11–13$5.2M
Land, buildings, equipmentLn 10c$343K
Total assetsLn 16$8.6M
LiabilitiesLn 26$1.2M
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 530
VolunteersI 625
Fiscal year endsHeaderOctober
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 FY23End FY23
Cash and savingsLn 1–2$593K$652K
InvestmentsLn 11–13$4.8M$5.2M
Land, buildings, equipmentLn 10c$427K$343K
Total assetsLn 16$8.4M$8.6M
LiabilitiesLn 26$1.5M$1.2M
Net assetsLn 32$7.0M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$288K$288K
Grants to domestic individualsLn 2$36K$36K
Other salaries and wagesLn 7$1.5M$1.2M$281K
Pension plan contributionsLn 8$376K$225K$151K
Other employee benefitsLn 9$435K$275K$160K
Payroll taxesLn 10$114K$95K$19K
Accounting feesLn 11c$86K$86K
Other fees for servicesLn 11g$9K$450$9K
Advertising and promotionLn 12$618K$529K$89K
Office expensesLn 13$135K$83K$52K
Information technologyLn 14$28K$28K
OccupancyLn 16$54K$44K$9K
TravelLn 17$1.0M$516K$528K
Conferences, conventions and meetingsLn 19$658K$649K$9K
InterestLn 20$214$214
Depreciation, depletion and amortizationLn 22$147K$138K$9K
InsuranceLn 23$62K$40K$22K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$5.6M$4.1M$1.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.2M$6.2M$49K$7.5M 990 PDF
FY2023 Viewing $5.7M$5.6M$163K$7.5M 990 PDF
FY2022 $5.1M$4.8M$303K$7.0M 990 PDF
FY2021 Not on file
FY2020 $4.6M$3.7M$913K$5.8M 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 FY2023 990 (6 parts)
Part I · Summary $5,745,962 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,181,386$1,217,079
I-9 Program service revenuePrior year $51,513$42,671
I-10 Investment incomePrior year $144,836$196,827
I-11 Other revenuePrior year $3,744,104$4,289,385
I-12 Total revenuePrior year $5,121,839$5,745,962
I-13 Grants and similar amounts paidPrior year $286,850$323,524
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,342,099$2,409,952
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,190,319$2,849,229
I-18 Total expensesPrior year $4,819,268$5,582,705
I-19 Revenue less expensesPrior year $302,571$163,257
Part VI · Governance 5 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members5
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 $5,745,962 across 8 lines filed
VIII-1b Membership dues$1,144,190
VIII-1f All other contributions, gifts and grants$72,889
VIII-1h Total contributions, gifts and grants$1,217,079
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $42,671$42,671
VIII-3 Investment incomeExcluded from tax $196,827$196,827
VIII-5 RoyaltiesExcluded from tax $4,210,617$4,210,617
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $78,014 · Excluded from tax $754$78,768
VIII-12 Total revenueRelated to mission $42,671 · Unrelated business $78,014 · Excluded from tax $4,408,198$5,745,962
Part IX · Statement of functional expenses $5,582,705 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $287,758$287,758
IX-2 Grants to domestic individualsPrograms $35,766$35,766
IX-7 Other salaries and wagesPrograms $1,203,901 · Management $280,639$1,484,540
IX-8 Pension plan contributionsPrograms $225,016 · Management $151,289$376,305
IX-9 Other employee benefitsPrograms $274,741 · Management $160,162$434,903
IX-10 Payroll taxesPrograms $95,259 · Management $18,945$114,204
IX-11c Accounting feesManagement $85,648$85,648
IX-11g Other fees for servicesPrograms $450 · Management $9,000$9,450
IX-12 Advertising and promotionPrograms $528,772 · Management $89,009$617,781
IX-13 Office expensesPrograms $83,451 · Management $51,637$135,088
IX-14 Information technologyPrograms $27,569$27,569
IX-16 OccupancyPrograms $44,333 · Management $9,288$53,621
IX-17 TravelPrograms $516,104 · Management $528,120$1,044,224
IX-19 Conferences, conventions and meetingsPrograms $649,182 · Management $8,691$657,873
IX-20 InterestManagement $214$214
IX-22 Depreciation, depletion and amortizationPrograms $138,001 · Management $8,602$146,603
IX-23 InsurancePrograms $39,591 · Management $21,950$61,541
IX-24 Other expenses (24a–d)Management $9,617$9,617
IX-25 Total functional expensesPrograms $4,149,894 · Management $1,432,811 · Fundraising $0$5,582,705
Part X · Balance sheet $8,642,555 assets, 14 lines filed
Asset lines not itemized here account for $1,000,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $263,177$196,728
X-2 Savings and temporary cash investmentsStart of year $329,715$455,457
X-4 Accounts receivableStart of year $1,408,599$1,166,080
X-9 Prepaid expenses and deferred chargesStart of year $234,468$262,703
X-10c Land, buildings and equipment, netStart of year $426,616$342,846
X-11 Publicly traded securitiesStart of year $1,345,261$1,371,307
X-12 Other securitiesStart of year $3,409,763$3,847,434
X-16 Total assetsStart of year $8,417,599$8,642,555
X-17 Accounts payable and accrued expensesStart of year $746,011$469,646
X-19 Deferred revenueStart of year $711,107$690,242
X-26 Total liabilitiesStart of year $1,457,118$1,159,888
X-27 Net assets without donor restrictionsStart of year $6,960,481$7,482,667
X-32 Total net assets or fund balancesStart of year $6,960,481$7,482,667
X-33 Total liabilities and net assetsStart of year $8,417,599$8,642,555
Part XI · Reconciliation of net assets $7,482,667 net assets at year end
XI-1 Total revenue$5,745,962
XI-2 Total expenses$5,582,705
XI-3 Revenue less expenses$163,257
XI-4 Net assets at start of year$6,960,481
XI-5 Net unrealized gains (losses) on investments$358,929
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,482,667

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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