Iowa Farm Bureau Federation D/b/a Kossuth County Farm Bureau
Nonprofit profile at a glance
- EIN
- 420684992
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Algona, IA, USA
- Phone
- 5152955309
- Rating confidence
- Limited
Reported finances
- Revenue
- $149,231
- Expenses
- $138,944
- Assets
- $1,180,086
- Liabilities
- $2,850
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- RICH ROSENMEYER (PRESIDENT)
- LEWIS ROLLING (VICE PRESIDENT)
Highest reported compensation
- RICH ROSENMEYER (PRESIDENT): $45 total reported compensation
- LEWIS ROLLING (VICE PRESIDENT): $45 total reported compensation
- BRIAN TUMEY (SECRETARY): $45 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
Ag in the classroom: the main focus of kossuth county farm bureau and the direction of it's board of directors has been the spread of agriculture in the classroom. This happens in many forms; donations to the county's three ffa clubs and working on a driver's ed program for rural roads. Another form is the county's support of north central Iowa ag in the classroom (nciaitc) and its membership dues. Nciaitc teaches to every elementary student in the county about how agriculture affects their lives. The other avenue that the county farm bureau uses is its ag fair. The ag fair is for all 300+ 4th graders in the county.
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: 90
- Accountability: 86
- Sustainability: 62
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 6.9%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 8.49; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.2% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 35.4% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 17 of 17 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $45 · 17 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.