2024-11-07T12:22:23-00:00 2023-12-31 421186197 GARDINERCOMPANY PC 10555 NEW YORK AVE DES MOINES IA 50322 990 2023-01-01 420680715 IOWA FARM BUREAU FEDERATION IOWA 3198245212 606 8TH STREET SUITE 2 GRUNDY CENTER IA 50638 Bill Noteboom President 3198246294 2024-10-11 true true MAX N STUDER CPA P01272566 5152701446 2024-11-07 2023 2024-10-15 13:58:12Z GRUNDY COUNTY FARM BUREAU Sarah Rickelman 8642 W Shaulis Rd Cedar Falls IA 50613 306538 false 0626 X X 1918 IA To create a vibrant future for agriculture, farm families their communities. 13 13 1 13 0 1010428 35123 60400 63320 30581 46477 37192 20541 1138601 165461 4150 3550 16836 5203 31281 33345 0 0 76179 90101 128446 132199 1010155 33262 1235260 1269334 7352 7286 1227908 1262048 X To create a vibrant future for agriculture, farm families their communities. false false Public Relations County Promotion Grundy County Farm Bureau hosted a Celebration of Ag in March to end Ag Week. The event was held at a local venue and partially funded by sponsorships from area, mostly ag related, businesses. There were three levels of sponsorships. A sponsorship entitled the business to 8 tickets to the event to share with employees or clients. The event included a catered meal and entertainment, in 2023 - Matt Rush, inspirational speaker and farm boy. There were close to 300 people in attendance. At the county fair in July, GCFB partnered with Grundy County Cattlemen and served grilled burgers with chips and water to 600 plus people. In December, the board applied for a grant from the Iowa Beef Industry Council and received 1,500 in beef certificates. The board added other items to provide a full meal. Fifty of these bundles were donated to Operation Threshold - a local Food Pantry. Along with the food items, a Grundy County Cookbook and nutrition facts were provided. The promotion was advertised to local media and social media. false false false true false false false false true true false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2 0 true 1 true false false false false false false false false false false false false X 13 13 false false false false true true true true true false false false true true true true true true false false false IA X THE ORGANIZATION 3198245212 606 8th Street Suite 2 Grundy Center IA 50638 X BILL NOTEBOOM PRESIDENT 001.50 X X 0 0 0 MATT SIMMS VICE PRESIDENT 001.50 X X 0 0 0 JARED KRAUSMAN SECRETARY 001.50 X X 0 0 0 WHITNEY HEINRICH TREASURER 001.50 X X 0 0 0 TIM DIAMOND VOTING DELEGATE 001.50 X X 0 0 0 SARAH HOCKEMEYER DIRECTOR 000.50 X 0 0 0 JESSE WILLIS DIRECTOR 000.50 X 0 0 0 BAILEY HENZE DIRECTOR 000.50 X 0 0 0 ADAM MEYER DIRECTOR 000.50 X 0 0 0 CLAY GEITER DIRECTOR 000.50 X 0 0 0 ZACH MEESTER DIRECTOR 000.50 X 0 0 0 DALTON HENZE DIRECTOR 000.50 X 0 0 0 JON FREESE DIRECTOR 000.50 X 0 0 0 false false false 4980 30143 35123 MEMBERSHIP DUES 900099 63320 63320 63320 54734 54734 21600 3998 17602 17602 17602 128822 137079 -8257 -8257 -8257 Expense Recoveries 900099 2939 2939 2939 165461 83861 46477 550 3000 0 5203 0 0 30886 0 118 2341 1583 0 1245 0 1440 0 15923 7208 0 0 2400 254 0 8478 0 34826 2455 2006 SPOKESMAN, DUES SUBSCRIPTIONS 3152 AG COMMUNITY PROMOTION 6468 MEMBERSHIP ACQUISITION 2578 MISCELLANEOUS 85 0 132199 72718 89515 1489 1993 1381 145527 114630 33351 30897 131145 151753 995176 995176 1235260 1269334 5552 5486 1800 1800 7352 7286 X 232732 266872 995176 995176 1227908 1262048 1235260 1269334 X 33262 25968 -25090 X false true X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false III-A 1 90 of membership dues came from persons, families or entities who paid dues of 132 or less in 2023. false 1007598 49690 24600 1032688 995176 12422 1007598 1.00000 false false 2161 2161 137245 108509 28736 6121 6121 30897 Financial derivatives and other financial products Closely-held equity interests CFBRDT, LLC Endowment Investment 995176 C 995176 Federal income taxes X 170337 25968 3998 29966 140371 25090 25090 165461 136197 3998 3998 132199 132199 V 4 The Board designated funds are invested in a diversified portfolio that will provide a source of investment income to support the Organizations programs on a long-term basis. X 2 FOOTNOTES IN FINANCIAL STATEMENTS Summary of Significant Accounting Policies In accordance with the Income Taxes Topic of FASB ASC, the Company evaluates uncertain tax benefits arising from tax positions taken or expected to be taken based on the likelihood of being sustained upon examination by applicable tax authorities. If the Company determines that a tax position is more likely than not of being sustained, it recognizes the largest amount of the arising benefit that is greater than 50 of being realized upon settlement in the financial statements. Any tax positions taken or expected to be taken that do not pass the more likely than not test, the Company establishes reserves offsetting the benefits related to such positions. Interest and penalties if any, are included in the current provision for income taxes in the Companys statements of activities and are included as a current liability in the statement of financial position. Income Tax Footnote The Company has evaluated its tax positions and has concluded that the organization had taken no uncertain tax positions that require adjustment to the financial statements nor was there any unrelated business income for the year ending December 31, 2023. XI 2d Rent and Building Expenses XI 4b Difference between K-1 endowment investment income reported on 990 for CFBRDT, LLC investment carried on the books at cost basis per GAAP. XII 2d Rent and Building Expenses Form 990, Part III, Line 4d The Company has various programs that are aimed at providing information to members on current agricultural issues through newsletters, meetings, etc. 1,540 members were benefitted in this manner during 2023. Form 990, Part VI, Section A, Line 6 Any person may be a Farm Bureau member. All Farm Bureau members have the same vote and access to member benefits. Form 990, Part VI, Section A, Line 7a The organizations members elect the Board of Directors. In order to hold an officer position within Farm Bureau, the member must be actively engaged in farming, which must be their primary interest. Form 990, Part VI, Section A, Line 7b Decisions of the governing body subject to approval by members include setting annual membership dues and nominating voting delegates to the Iowa Farm Bureau Federation. Form 990, Part VI, Section B, Line 11b After the organizations CPA firm prepares the documentation and return, management reviews the documents and presents the return to all members of the governing body. Following final approval, the return is signed by an officer and submitted to the IRS. Form 990, Part VI, Section B, Line 12c On an annual basis, the organization requires the governing body and key employees to sign a conflicts of interest policy certification stating that they have received, read and agree to comply with the provisions set forth in the organizations conflicts of interest policy. Form 990, Part VI, Section C, Line 19 The organization does not make its governing documents, conflicts of interest policy, or financial statements available for public inspection. Pursuant to state law, some documents may be available to members. Form 990, Part XI, Line 9 K-1 Investment income difference for cost basis investment CFBRDT, LLC Endowment Investment