Owen County Farm Bureau Inc

Nonprofit profile at a glance

EIN
610493998
IRS 990 coverage
2012–2023
Forms available
Form 990 2023
Location
Owenton, KY, USA
Phone
5024842363
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$338,257
Expenses
$462,092
Assets
$430,355
Liabilities
$119,507

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • David Chappell (President)
  • Pam Chappell (Vice President)
  • Joy Colligan (2nd Vice President)

People named in this filing

  • David Chappell (President)
  • Pam Chappell (Vice President)
  • Joy Colligan (2nd Vice President)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Farm Bureau is a voluntary organization of farm families and community members dedicated to serving as the voice of agriculture by identifying problems and developing solutions and taking actions which will improve farm income, achieve better economic opportunities and enhance the quality of life for all.

What it reported doing in 2023

Owen County Farm Bureau is dedicated to serving the community and families of agriculture. Scholarships are offered to youth from farming families who are furthering their education in the area of agriculture. We identify problems adn help develop solutions and take action that will help improve farm income.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 80
  • Accountability: 76
  • Sustainability: 25
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.7%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 5th 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -36.6%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.7% of spending went to programs
  • Governance: 1571 of 1571 board members independent · 3 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $405K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 10 of 11 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2012 to 2023
  • Contacts: How to reach this organization
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 8/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.