2024-11-13T03:27:40-00:00 2023-12-31 421186197 GARDINERCOMPANY PC 10555 NEW YORK AVE DES MOINES IA 50322 990 2023-01-01 420680738 IOWA FARM BUREAU FEDERATION IOWA 5154622661 PO BOX 32 115 WEST COURT WINTERSET IA 50273 James Baur Vice President 5159962759 2024-11-12 true true MAX N STUDER CPA P01272566 5152701446 2024-11-13 2023 2024-10-15 13:58:12Z MADISON COUNTY FARM BUREAU Robert Witt Jr 3041 Bittersweet Avenue Macksburg IA 50155 164783 false 0626 X X 1917 IA To create a vibrant future for agriculture, farm families their communities. 14 14 1 27 0 996526 20769 79065 81090 31414 59228 20984 3696 1127989 164783 20500 12260 4247 4111 36552 39576 0 0 73514 72387 134813 128334 993176 36449 1451385 1471105 2313 1867 1449072 1469238 X To create a vibrant future for agriculture, farm families their communities. false false PUBLIC POLICY The Company is very active in their Policy Development and Policy Implementation activities. An opinionnaire is sent to approximately 266 members each year with issues dealing with local, state, and national issues. Proposed resolutions are formulated and presented at a board meeting and thoroughly debated and amended. Adopted resolutions are then supported by the voting delegate at the state policy conference. The Companys board and members then support local and state policy by contacting the representatives and lawmakers. The Company host Legislative forum meetings every month to stay in touch with lawmakers. The Company board members attend meetings held at the capital to support Farm Bureau policy. The Company meets National representatives to discuss national issues at a regional board meeting. 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 14 14 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 5154622661 115 W COURT BOX 32 WINTERSET IA 50273 ROBERT WITT JR PRESIDENT 002.00 X X 0 0 45 JAMES BAUR VICE PRESIDENT 002.00 X X 0 0 45 JUSTIN SULLIVAN SECRETARY 002.00 X X 0 0 45 JESSICA HURSH TREASURER 002.00 X X 0 0 45 JEFF RIDGWAY VOTING DELEGATE 002.00 X X 0 0 45 PAT LYNCH DIRECTOR 001.00 X 0 0 45 DAN HANRAHAN DIRECTOR 001.00 X 0 0 45 DWIGHT HONNOLD DIRECTOR 001.00 X 0 0 45 LARRY WILDIN DIRECTOR 001.00 X 0 0 45 JOHN LA FRATTE DIRECTOR 001.00 X 0 0 45 MICHAEL PEIFFER DIRECTOR 001.00 X 0 0 45 JEFF KOCH DIRECTOR 001.00 X 0 0 45 JUSTIN KEATING DIRECTOR 001.00 X 0 0 45 TRAVIS HURSH DIRECTOR 001.00 X 0 0 45 630 false false false 1350 19419 20769 MEMBERSHIP DUES 900099 81090 81090 81090 59228 59228 Expense Recoveries 900099 3696 3696 3696 164783 84786 59228 9210 3050 0 4111 630 0 25667 0 10481 2798 1802 0 1210 0 0 0 2426 8531 0 0 2400 62 0 10459 0 39644 74 984 SPOKESMAN, DUES SUBSCRIPTIONS 3923 MEMBERSHIP ACQUISITION 872 0 128334 184590 142988 2713 2672 25339 16465 35515 35367 223 148 129957 199134 995176 995176 113387 114522 1451385 1471105 1813 1367 500 500 2313 1867 X 453896 474062 995176 995176 1449072 1469238 1451385 1471105 X 36449 8807 -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 35515 35367 148 148 Financial derivatives and other financial products Closely-held equity interests CFBRDT, LLC Endowment Investment 995176 C 995176 FBL DEFERRED ANNUITY INVESTMENT 114222 EQUITY IN OTHER ORGANIZATIONS 300 114522 Federal income taxes X 148500 8807 8807 139693 25090 25090 164783 128334 128334 128334 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. 1,774 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