Iowa Farm Bureau Federation D/b/a Carroll County Farm Bureau

Nonprofit profile at a glance

EIN
420680704
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Carroll, IA, USA
Phone
7127929296
Rating confidence
Limited

Reported finances

Revenue
$179,477
Expenses
$137,300
Assets
$1,640,548
Liabilities
$1,386

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • JASON NEES (PRESIDENT)
  • JUSTIN SCHROEDER (VICE PRESIDENT)

Highest reported compensation

  • KEVIN BOYLE (DIRECTOR): $216 total reported compensation
  • JASON NEES (PRESIDENT): $84 total reported compensation
  • MARIE PUDENZ (VOTING DELEGATE): $82 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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

What it reported doing in 2024

Public relations: carroll county farm bureau believes in strong community involvement at the county level. The local public relations committee prepares a weekly radio program titled farm bureau focus which airs on the local radio station. This program highlights and promotes weekly agricultural activities in the region. The office offers the sale of beef certificates to individuals to help promote the beef industry within our county. Donations were given to all area schools through booster club or school education foundations, to allow for schools to have additional funding that may not be available thru school budgets. Truck inspection forms, radon test kits and discounted movie passes are also available to individuals within the county, which allow for one-on-one interaction with our clients and customers. Twice a year carroll county farm bureau sends out bomgaars coupons out to all ccfb members, giving them 15% off items needed in day-to-day living. Carroll county farm bureau has expanded student services through awards recognition programs and county scholarships, we truly believe the kids in our community are our future. The board is eager to support 4-h and ffa youth groups and the activities they conduct to develop the next generation of agriculturalists in carroll county. Host an annual grocery grab with county ag businesses to help replenish the local food pantries during national ag week.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 76
  • Accountability: 86
  • Sustainability: 74
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 63.2%; rating input score 63; 44th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.5%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 11.95; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.2% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 23.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 13 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $216 · 13 people listed
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: 3 of 9 not reported.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.