Michigan Farm Bureau

Nonprofit profile at a glance

EIN
381718391
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Lansing, MI, USA
Phone
5173237000
Rating confidence
Limited

Official website

Reported finances

Revenue
$15,815,808
Expenses
$14,550,521
Assets
$22,438,861
Liabilities
$8,763,503

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

Leadership & pay

29 people listed

Executive titles in this filing

  • CARL BEDNARSKI (PRESIDENT)
  • MICHAEL DERUITER (VICE PRESIDENT)
  • SCOTT PIGGOTT (CHIEF EXECUTIVE OFFICER-END 1/4/24)

Highest reported compensation

  • ANDREW KOK (SECRETARY/GENERAL COUNSEL): $538,397 total reported compensation
  • TOM NUGENT (TREASURER, CFO & HUMAN RES. DIR.): $443,016 total reported compensation
  • CARL BEDNARSKI (PRESIDENT): $412,894 total reported compensation

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

Overview

Mission

Michigan farm bureau (mfb) is a member directed agricultural organization whose purpose is to represent, protect, and enhance the business, economic, social, and educational interests of our members located throughout the state of Michigan.

What it reported doing in 2024

In addition, the division prepares and develops agricultural leaders. This is accomplished through education and leadership development programs for current local ag leaders, state and local committees, and members. A targeted program is for young farmers between the ages of 18 and 35. It offers agricultural education, action committees, leadership training, competitions, and social events to encourage involvement and to develop future leadership. Promotion and education programs for public education about the agricultural industry are offered for 4-h clubs, and ffa chapters, schools, and civic groups. The farm science lab is a 40 foot mobile classroom that travels directly to schools and is designed to reinforce grade-level standards with hands-on science experiments and increasing students' knowledge of how agriculture impacts their daily lives. In addition to the farm science labs, we operate a farm science van that travels to schools providing in classroom education. The van offers a little different experience in the classroom verses in the mobile lab but still provides grade-level standards with hands-on science experiments and increasing students' knowledge of how agriculture impacts their daily lives.

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: 71
  • Accountability: 96
  • Sustainability: 50
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 6.3%; rating input score 6; 8th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 94.1%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 1.54; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.39; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 23.3%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 0.4% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: 6.1% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $538K · 29 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 30 filed money-flow records
  • Related organizations: 17 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Grant itemization coverage scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.