Livingston County Farm Bureau Foundation

Nonprofit profile at a glance

EIN
371284564
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Pontiac, IL, USA
Phone
8158421103
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$90,731
Expenses
$55,249
Assets
$1,350,960
Liabilities
$43,750

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

Leadership & pay

7 people listed

Executive titles in this filing

  • KYLE KIMPLING (PRESIDENT)
  • JASON BUNTING (VICE PRESIDENT)

People named in this filing

  • KYLE KIMPLING (PRESIDENT)
  • DAN PARKER (MEMBER)
  • SAM DETWILER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The livingston county farm bureau foundation ("foundation") was established to: (1) 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) 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) promote, fund and conduct programs for the development of public library collections with special emphasis on agriculture and its related fields; (4) encourage, promote, and fund education and research designed to improve agriculture; (5) promote, fund and conduct seminars and schools for educational and scientific leadership purpose

What it reported doing in 2024

Scholarships

Operating model

Revenue model
Investment-supported. 72% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% 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. Fundraising costs are high for each dollar raised and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.5%; rating input score 60
  • Program expense ratio: 77.4%; rating input score 77
  • Fundraising efficiency: $5.81 raised per $1 spent on fundraising; rating input score 42; 42nd percentile among comparable filings

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: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 39.1%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 24.45; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 4.2% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 5.8% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 60.5% of revenue deployed · 77.4% of spending went to programs
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $43K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.