2024-11-01T14:42:23-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 370147880 ADAMS COUNTY FARM BUREAU ADAM 2172227305 330 SOUTH 36TH STREET PO BOX 303 QUINCY IL 62305 BRENT CLAIR PRESIDENT 2172227305 2024-09-26 1 1 ANDREW SMITH CPA P01518894 3096714500 2024-09-26 2023 2024-10-15 13:58:12Z BRENT CLAIR 330 SOUTH 36TH STREET PO BOX 3037 QUINCY IL 62305 329084 0 X N/A X 1914 IL TO IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE. 25 25 3 50 46766 33481 109387 17530 5003 96269 17065 16678 134913 143025 266368 273502 0 0 0 0 112135 103436 0 0 0 147689 156045 259824 259481 6544 14021 593811 617142 25638 24565 568173 592577 TO IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENHANCE THE QUALITY OF FARM FAMILY LIFE. 0 0 GENERAL MEMBERSHIP ACTIVITIES - TO PROVIDE ADMINISTRATIVE AND FACILITY SUPPORT SERVICES FOR APPROXIMATE MEMBERSHIP OF 4,022. INFORMATIONAL PUBLICATION (AGRI-NEWSLETTER)- TO PROVIDE A MONTHLY PUBLICATION WITH AGRICULTURAL RELATED INFORMATION TO THE MEMBERSHIP. CIRCULATION OF PUBLICATION IS TO THE MEMBERSHIP OF APPROXIMATELY 4,022. PUBLICITY AND PROMOTION HELPING TO SUPPORT AGRICULTURE RELATED ACTIVITIES ARE CONDUCTED PRIMARILY FOR THE GENERAL MEMBERSHIP WITH SPECIFIC ACTIVITY INTEREST. 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 4 0 1 3 1 1 1 0 0 0 0 0 0 0 X 25 25 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SHAWN J VALTER - MANAGER 2172227305 PO BOX 3037 QUINCY IL 62305 BRENT CLAIR PRESIDENT 1.00 X X 2000 0 0 BEN HUGENBERG VICE-PRESIDENT 1.00 X X 0 0 0 RYAN MEYER SECRETARY 1.00 X X 0 0 0 LARRY IPPENSEN TREASURER 1.00 X X 0 0 0 MADELYN HEINECKE-THOMPSON YOUNG FARMERS 1.00 X X 0 0 0 RICK EDWARDS PAST PRESIDENT 1.00 X X 0 0 0 BOBBY BAKER DIRECTOR 1.00 X 0 0 0 KENT DEEGE DIRECTOR 1.00 X 0 0 0 DANELLE DONLEY DIRECTOR 1.00 X 0 0 0 MATTHEW DUESTERHAUS DIRECTOR 1.00 X 0 0 0 BRAD DUNCAN DIRECTOR 1.00 X 0 0 0 TIM ELLERBROCK DIRECTOR 1.00 X 0 0 0 ANDREW FLESNER DIRECTOR 1.00 X 0 0 0 ELI GRONEWOLD DIRECTOR 1.00 X 0 0 0 MICHAEL HOUSTON DIRECTOR 1.00 X 0 0 0 GRANT HUBER DIRECTOR 1.00 X 0 0 0 ROB HYER DIRECTOR 1.00 X 0 0 0 SHANE MILLER DIRECTOR 1.00 X 0 0 0 LUKE MUEGGE DIRECTOR 1.00 X 0 0 0 JON MYERS DIRECTOR 1.00 X 0 0 0 BRANDON NIEKAMP DIRECTOR 1.00 X 0 0 0 JUSTIN OBERLING DIRECTOR 1.00 X 0 0 0 NATHAN PARKER DIRECTOR 1.00 X 0 0 0 JACOB SCHMIDT DIRECTOR 1.00 X 0 0 0 SCOTT VENVERTLOH DIRECTOR 1.00 X 0 0 0 SHAWN VALTER MANAGER 40.00 X 60791 0 10623 62791 0 10623 0 0 0 0 0 17530 17530 MEMBERSHIP DUES 900099 92088 92088 AGRINEWSLETTER 541800 2500 2500 MISCELLANEOUS 900099 1681 1681 96269 16943 16943 82674 82674 71402 55317 16085 16085 16085 265 -265 -265 -265 INSURANCE SERVICE FEES 524298 43241 43241 COMMISSIONS 900099 1025 1025 44266 273502 93769 46766 115437 X 48384 34494 4759 9967 5832 10395 5499 2577 3577 3062 10615 4053 4755 FEDERAL INCOME TAX 7125 ALLOCATED MANAGEMENT SE 34512 PRINTING & PUBLICATIONS 17117 MISCELLANEOUS 16723 36035 259481 7066 9678 122180 138002 16210 18924 1646 1480 610797 430317 189615 180480 257094 268578 593811 617142 24568 19454 3316 1070 1795 25638 24565 X 568173 592577 568173 592577 593811 617142 14021 10383 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 15059 15059 427615 352628 74987 25645 25645 0 142478 52044 90434 180480 ANNUITIES 268251 F PARTNERSHIP INVESTMENTS 261 C INVESTMENTS IN COOPERATIVES 66 C 268578 INCOME TAXES PAYABLE 1795 1795 X 336702 10383 55317 65700 271002 2500 2500 273502 312298 55317 55317 256981 2500 2500 259481 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE ENTITIES TO ANALYZE THE LIKELIHOOD OF DISALLOWANCE OF TAX POSITIONS TAKEN IN RETURNS ALREADY FILED OR TO BE FILED IN CASE OF EXAMINATION BY TAXING AUTHORITIES. THIS EVALUATION OF TAX POSITIONS MAY RESULT IN THE RECOGNITION OF ADDITIONAL TAX LIABILITIES OR DERECOGNITION OF CERTAIN TAX ASSETS. IN CONSULTATION WITH THE FARM BUREAUS TAX ADVISORS, MANAGEMENT HAS CONCLUDED THAT THE CUMULATIVE EFFECT, IF ANY, OF PAST AND CURRENT TAX POSITIONS TAKEN BY THE FARM BUREAU ARE IMMATERIAL TO THE FINANCIAL STATEMENTS AS OF THE DATE OF THIS REPORT. THEREFORE, NO LIABILITY HAS BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 55,317. PART XI, LINE 4B - OTHER ADJUSTMENTS: ADVERTISING INCOME 2,500. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 55,317. PART XII, LINE 4B - OTHER ADJUSTMENTS: ADVERTISING INCOME 2,500. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING WITH A TOTAL OF 4,022 MEMBERS FOR THE YEAR ENDING JUNE 30, 2024. ONLY VOTING MEMBERS CAN HOLD OFFICE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS HAVE THE AUTHORITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B VARIOUS GOVERNING DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT THE REGULAR SCHEDULED BOARD MEETING THE MONTH PRIOR TO FILING. THE ENTIRE BOARD OF DIRECTORS REVIEWS THE FORM DETAILS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES EACH OFFICER AND DIRECTOR TO DISCLOSE TO THE BOARD OF DIRECTORS ANY CONFLICTS OF INTEREST OF WHICH THEY ARE AWARE, INCLUDING CONFLICTS INVOLVING OTHER OFFICERS OR DIRECTORS SUBJECT TO THIS POLICY. SUCH DISCLOSURE IS TO BE MADE BEFORE THE BOARD DISCUSSES THE ISSUE, MATTER, OR TRANSACTION TO WHICH THE POSSIBLE CONFLICT APPLIES. UPON SUCH DISCLOSURE, THE BOARD OF THE COUNTY FARM BUREAU MAY TAKE SUCH FURTHER ACTION IT DEEMS APPROPRIATE OR AS REQUIRED BY LAW. SUCH ACTION COULD INCLUDE REQUIRING THE DIRECTOR OR OFFICER TO RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS, VOTING, DECISION-MAKING OR OTHER PARTICIPATION WITH RESPECT TO THE MATTER. THE BUREAU REQUIRES EACH DIRECTOR OR OFFICER TO SIGN A STATEMENT ACKNOWLEDGING AGREEMENT WITH THE TERMS OF THE POLICY. THE BUREAU ALSO MAKES DECISIONS ABOUT POTENTIAL CONFLICTS OF INTEREST IN ACCORDANCE WITH THE REQUIREMENTS LISTED ABOVE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS AND EVALUATES THE PERFORMANCE OF THE MANAGER. THEN THE EXECUTIVE COMMITTEE MEETS WITH THE REGIONAL MANAGER AND ARRIVES AT A REASONABLE COMPENSATION PACKAGE WHICH IS APPROVED BY THE FULL BOARD OF DIRECTORS. BOARD MEMBERS ARE COMPENSATED VIA A PER DIEM AND MILEAGE AGREEMENT. MILEAGE IS PAID AT THE STANDARD IRS RATE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E AG RELATED ACTIVITIES 15,392. REPAIRS & MAINTENANCE 4,569. JANITOR SERVICE 4,080. MEMBERSHIP ACQUISITION 4,078. STATE INCOME TAX 3,577. REAL ESTATE TAXES 2,800. DIRECTORS EXPENSES 1,173. MEMBERSHIP SIGNS & CALENDARS 366. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. ADAMS COUNTY FARM BUREAU FOUNDATION 330 SOUTH 6TH STREET QUINCY IL 62305 450552303 STUDENT SCHOLARSHIPS AND AGRICULTURAL EDUCATION IL 501(C)(3) LINE 7 ADAMS COUNTY FARM BUREAU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ADAMS COUNTY FARM BUREAU FOUNDATION Q 1445 FMV