Cook County Farm Bureau Foundation
Nonprofit profile at a glance
- EIN
- 364109668
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016, Form 990-N 2013
- Location
- Countryside, IL, USA
- Phone
- 7083543276
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $72,364
- Expenses
- $42,812
- Assets
- $920,349
- Liabilities
- $8,373
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- JANET MCCABE (PRESIDENT)
- GERALD KOPPING (VICE-PRESIDENT)
Highest reported compensation
- JANET MCCABE (PRESIDENT): $12,050 total reported compensation
- RUTH ZELDENRUST (SECRETARY/TREASURER): $7,475 total reported compensation
- DANIEL BIERNACKI (DIRECTOR): $6,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cook county farm bureau foundation was established (1)to provide scholarships for persons studying agriculture and related fields, including but not limited to business, economics, education, veterinary medicine, association management and leadership development; (2) to encourage, promote and fund the design, development and distribution of educational and instructional materials, programs and seminars to provide improved instruction about agriculture, horticulture and their related fields including but not limited to programs for students and young adults such as 4-h, ffa, leaders to Washington, alot and ag in the classroom; (3) to promote, fund and conduct programs for the development of public library collections with special emphasis on agriculture and its related fields; (4) to encourage, promote and fund education and research designed to improve agriculture; (5) to promote, fund and conduct seminars and schools for educational and scientific leadership.
What it reported doing in 2024
Sponsoring ag literacy programming at primary and secondary educational levels for students and teachers in cook county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 75% of its reported program spending out as grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.7%; rating input score 66
- Program expense ratio: 75.5%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 40.8%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 21.5; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 0.2% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 0.3% per year; rating input score 100; 61st percentile among comparable filings
- Asset growth: 9.5% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 65.7% of revenue deployed · 75.5% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $12K · 5 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Sustainability: Liabilities to assets ratio scored 28/100.