2024-11-07T02:12:38-00:00 2023-12-31 421186197 GARDINERCOMPANY PC 10555 NEW YORK AVE DES MOINES IA 50322 990 2023-07-01 237425261 IOWA FARM BUREAU FEDERATION IOWA 6415229227 125 JACKSON STREET PO BOX 517 BROOKLYN IA 522110517 Adam Cheney Treasurer 6419901885 2024-11-04 true true MAX N STUDER CPA P01272566 5152701446 2024-11-07 2023 2024-10-15 13:58:12Z POWESHIEK COUNTY FARM BUREAU Eric Fynaardt 204 East Street Searsboro IA 50242 102521 false 0626 X X 1918 IA To create a vibrant future for agriculture, farm families their communities. 13 13 1 17 0 1008526 10984 73960 46320 34949 45217 20970 0 1138405 102521 3350 5000 5417 2326 20582 10236 0 0 111006 48949 140355 66511 998050 36010 1724165 1742285 4153 1543 1720012 1740742 X To create a vibrant future for agriculture, farm families their communities. false false Agricultural Advocacy The Company advocated on behalf of agriculture through activities and events over this past year. Our leaders promote agriculture through various media sources and through advertising on agriculture topics. The Company promoted agriculture through public relations efforts including presentations to local groups and organizations and also at youth activities at community events. The Company supports the cost of activities for 4-H and FFA youth while company volunteers contributed time to recognize and present awards for County Fair Showmanship winners as well as work the skillathon, pedal pull and other youth shows at the County Fair. false false false true false false false false true true false true true 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 6415229227 125 JACKSON ST PO BOX 517 BROOKLYN IA 522110517 X ERIC FYNAARDT PRESIDENT 001.50 X X 0 0 0 KATHERINE BOELEN VICE PRESIDENT 001.50 X X 0 0 0 ADAM CHENEY TREASURER 001.50 X X 0 0 0 DAKOTA HUDNUT SECRETARY 001.50 X X 0 0 0 TOM CHENEY VOTING DELEGATE 001.50 X X 0 0 0 JOE ARMSTRONG DIRECTOR 001.00 X 0 0 0 LEE KING DIRECTOR 001.00 X 0 0 0 DAVID KING DIRECTOR 001.00 X 0 0 0 JEROD CHIDESTER DIRECTOR 001.00 X 0 0 0 KRIS ARMSTRONG DIRECTOR 001.00 X 0 0 0 ANDREW KLOPPENBURG DIRECTOR 001.00 X 0 0 0 MIKE KLEITSCH DIRECTOR 001.00 X 0 0 0 SCOTT DURR DIRECTOR 001.00 X 0 0 0 false false false 10984 10984 MEMBERSHIP DUES 900099 46320 46320 46320 45217 45217 102521 46320 45217 2000 3000 0 2326 0 0 9454 0 59 723 1158 0 1460 0 0 0 300 2394 0 0 3159 171 0 11708 0 25476 949 0 SPOKESMAN, DUES SUBSCRIPTIONS 1596 MEMBERSHIP ACQUISITION 578 0 66511 127259 128579 907 1474 184477 174251 11175 10226 228520 240280 995176 995176 361128 366550 1724165 1742285 4153 1543 4153 1543 X 724836 745566 995176 995176 1720012 1740742 1724165 1742285 X 36010 9810 -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 1077 1077 168277 159128 9149 15123 15123 10226 Financial derivatives and other financial products Closely-held equity interests CFBRDT, LLC Endowment Investment 995176 C 995176 FBL DEFERRED ANNUITY INVESTMENT 366550 366550 Federal income taxes X 87241 9810 9810 77431 25090 25090 102521 66511 66511 66511 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 4b Difference between K-1 endowment investment income reported on 990 for CFBRDT, LLC investment carried on the books at cost basis per GAAP. 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. 1,845 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