Mclean County Farm Bureau Foundation
Nonprofit profile at a glance
- EIN
- 371253813
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Bloomington, IL, USA
- Phone
- 3096636497
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Vocational, Technical Schools
Reported finances
- Revenue
- $177,668
- Expenses
- $103,342
- Assets
- $209,866
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- MARK HINES (PRESIDENT)
People named in this filing
- MARK HINES (PRESIDENT)
- MICHAEL RHODA (VICE PRESIDE)
- JC ZIMMERMAN (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support local agricultural related education efforts.
What it reported doing in 2024
Award agricultural science grants to local agricultural education programs and, award grants to local high school future farmers of america chapters for agricultural education.
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 50
- Transparency & Controls: 100
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.7%; rating input score 40
- Program expense ratio: 66.5%; rating input score 67
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 41.8%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 2.03; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 117.8%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 12.4% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 16.6% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 39.7% of revenue deployed · 66.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 18 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- 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: Mission deployment rate scored 40/100.
- High — Sustainability: Officer compensation ratio scored 0/100.