North Dakota Farm Bureau Foundation

Nonprofit profile at a glance

EIN
223861704
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Fargo, ND, USA
Phone
7012982200
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Official website

Reported finances

Revenue
$96,769
Expenses
$57,134
Assets
$569,513
Liabilities
$0

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

Leadership & pay

16 people listed

Executive titles in this filing

  • Daryl Lies (President)
  • Val Wagner (Vice President)
  • Jeffrey R Missling (Executive VP/CEO)

Highest reported compensation

  • Jeffrey R Missling (Executive VP/CEO): $270,365 total reported compensation
  • Valerie Gordon (Assistant Treasurer): $137,471 total reported compensation
  • Daryl Lies (President): $9,600 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 increase the quality of life for ranchers and farmers in ND. To provide education and assistance to increase the knowledge level of issues facing farmers and ranchers in North Dakota and elsewhere.

What it reported doing in 2024

Young Farm & Ranch Committee:-The overall purpose for the formation of this Committee of the North Dakota Farm Bureau is that a focus on young farmer and rancher membership will ensure the future existence of the organization. Having new young people join and become stakeholders in NDFB will ensure that NDFB will continue to grow and thrive and be relevant in the future. Ultimately, NDFB will grow new leaders in these young people.-Creating a YF&R Committee of young farmer and rancher members will enable NDFB to learn about the needs of this important stakeholder group and provide member programs and other benefits that meet the needs of this key constituency, thereby fostering lifetime members from each generation. Involving young farmer and rancher members in NDFB will help the board and members build relationships with each new generation. The NDFB board can get advice from the YF&R Committee about how younger members weigh in on current issues and programs and ultimately consider that input in their planning.-The YF&R Committee meets four times a year to conduct their business. Their main objective is to host the annual Farm and Ranch Conference. They meet to plan this conference and to raise money for this conference through their annual raffle.-The committee is elected on by peers from their own area of the state. The term is three years and they can run twice.-One of the main activities that the committee hosts is the Farm and Ranch conference. They get 100 - 150 people to attend every January.-Long term goals would be to host an even larger group of young farmers and ranchers from around the state.-Short term goals are to host a district young farmer and rancher event in each district of North Dakota.-These estimates are estimated but we estimate 75% of the committee members go onto serve on our county and state boards in the future-Estimated retention rate is 93% of the committee members, stay and become lifelong members of the NDFB.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 58% for direct work, and 42% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 67
  • Accountability: 77
  • Sustainability: 66
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.2%; rating input score 60
  • Program expense ratio: 96.3%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 93.5%; rating input score 93; 55th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • 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: 41%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 9.97; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 210.5%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -17.3% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 66th percentile among comparable filings
  • Asset growth: 11.2% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 60.2% of revenue deployed · 96.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $55K in reported program spending
  • Leadership: top reported pay $270K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 2/100.