2024-11-20T08:27:46-06:00 2024-07-31 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-08-01 362178039 LAKE COUNTY FARM BUREAU LAKE 8472236506 70 SOUTH HIGHWAY 45 GRAYSLAKE IL 60030 THOMAS DOOLITTLE PRESIDENT 8472236506 2024-11-06 1 1 ANDREW SMITH CPA P01518894 3096714500 2024-11-06 2023 2024-10-15 13:58:12Z THOMAS DOOLITTLE 70 SOUTH HIGHWAY 45 GRAYSLAKE IL 60030 1122889 0 X WWW.LCFB.COM X 1914 IL MAINTAIN AN ORGANIZATION THROUGH WHICH RURAL AND URBAN PEOPLE CAN THINK, ACT AND WORK TOGETHER TO STRENGTHEN AGRICULTURE'S ROLE AND INFLUENCE. 10 10 3 0 97158 74808 98348 7683 15900 98119 81837 131898 327836 377198 523921 614898 49000 17500 0 0 181347 200273 0 0 0 387509 373761 617856 591534 -93935 23364 3835661 3973605 326487 353491 3509174 3620114 MAINTAIN AN ORGANIZATION THROUGH WHICH RURAL AND URBAN PEOPLE CAN THINK, ACT AND WORK TOGETHER TO STRENGTHEN AGRICULTURE'S ROLE AND INFLUENCE. 0 0 WE SEND OUT A PUBLICATION TO OUR MEMBERSHIP EVERY OTHER MONTH TO KEEP THEM INFORMED OF UPCOMING EVENTS, ETC. THIS PUBLICATION IS SENT TO ALL APPROXIMATELY 9,602 MEMBERS AND INCLUDES INFORMATION ABOUT UPCOMING EVENTS AND MEMBERSHIP BENEFITS. WE ACTIVELY PARTICIPATE IN AG IN THE CLASSROOM EVENTS AROUND THE COUNTY EXPOSING TEACHERS AND STUDENTS TO AGRICULTURE. WE HAVE BEEN IN OVER 350 CLASSROOMS AND REACHED OVER 9,000 STUDENTS AS THE PROGRAM CONTINUES TO GROW. WE HOLD ANNUAL SEMINARS AND EVENTS FOR OUR MEMBERS TO HELP EDUCATE THEM. THESE INCLUDE SEMINARS ON ESTATE PLANNING AND WILLS, TRIPS TO AGRICULTURAL STOPS IN THE AREA AND OUT OF STATE TRIPS FOR MEMBERS TO LEARN ABOUT AGRICULTURE AND HAVE FUN. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 15 0 1 3 1 1 1 0 0 0 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X GREGORY KOEPPEN - MANAGER 8472236506 30 SOUTH HIGHWAY 45 GRAYSLAKE IL 60030 THOMAS DOOLITTLE PRESIDENT 1.00 X X 4400 0 0 DUANE BEELOW VICE-PRESIDENT 1.00 X X 700 0 0 RODNEY BUSS SECRETARY 1.00 X X 800 0 0 PETER TEKAMPE TREASURER 1.00 X X 900 0 0 WILLIAM MCNEILL DIRECTOR 1.00 X 2600 0 0 DONALD TEKAMPE DIRECTOR 1.00 X 900 0 0 JERRY HENNINGFELD DIRECTOR 1.00 X 600 0 0 BERNARD WEIDNER DIRECTOR 1.00 X 600 0 0 ANDREW YARC DIRECTOR 1.00 X 700 0 0 GEORGE WHITE III DIRECTOR 1.00 X 700 0 0 DAVID KRUEGER DIRECTOR THRU 6/24 1.00 X 800 0 0 PATRICIA OAKS DIRECTOR THRU 8/23 1.00 X 600 0 0 GREGORY KOEPPEN MANAGER 40.00 X 117375 0 0 131675 0 0 1 0 0 0 0 7683 7683 MEMBERSHIP DUES 900099 97168 97168 SOIL TESTING INCOME 110000 951 951 98119 124988 124988 203249 203249 214565 144774 69791 69791 69791 370127 363217 6910 6910 6910 INSURANCE SERVICE FEES 524298 96808 96808 MISCELLANEOUS 900099 7000 7000 COMMISSIONS 900099 350 350 104158 614898 105119 97158 404938 X 17500 130539 34399 16402 9946 8987 12540 20803 10616 9129 2510 7965 24336 5770 8251 FEDERAL INCOME TAX 16155 ALLOCATED MANAGEMENT SE 128290 AG RELATED ACTIVITIES 76495 PRINTING & PUBLICATIONS 20713 30188 591534 83208 96453 32232 29445 5827 8826 1858707 1118942 688305 739765 1691198 984536 1334891 2114580 3835661 3973605 123727 126879 202760 226612 326487 353491 X 3509174 3620114 3509174 3620114 3835661 3973605 23364 87576 0 X X 0 1 X 1 0 1 1 0 519365 519365 1180996 1033078 147918 58602 52041 6561 99744 33823 65921 739765 INTEREST IN PARTNERSHIP 246 C SINGLE PREMIUM WHOLE LIFE POLICIES 832817 F SINGLE PREMIUM ANNUITY 162050 F LAND 400921 C CORPORATE BONDS 272731 F MUNICIPAL BONDS 445280 F US GOVERNMENT BONDS 535 F 2114580 DEFERRED COMPENSATION LIABILITY 226612 226612 X 826445 87576 144774 232350 594095 20803 20803 614898 715505 144774 144774 570731 20803 20803 591534 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 THE 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 BUREAU'S 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 144,774. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE 144,774. 0 UNIVERSITY OF ILLINOIS EXTENSION 100 US 45 GRAYSLAKE IL 60030 376000511 501(C)(3) 17500 0 AGRICULTURAL EDUCATION RELATED ACTIVITIES 1 MCNEILL GRAIN WILLIAM MCNEILL OWNER/DIRECTOR 2060 SNOW PLOWING FOR ORGANIZATION 0 GREGORY KOEPPEN MANAGER 3080 REPAIRS AND REMODELING FOR ORGANIZATION 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING WITH A TOTAL OF APPROXIMATELY 9,602 MEMBERS FOR THE YEAR ENDING ON JULY 31, 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 APROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B RETURN WILL BE REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE PROHIBITED FROM VOTING WHEN THEY DERIVE INCOME, OTHER THAN ON AN OCCASIONAL BASIS, AS EMPLOYEES, AGENTS OR INDEPENDENT CONTRACTORS FROM COUNTY FARM BUREAUS OR THE ILLINOIS AGRICULTRUAL ASSOCIATION (IAA). THE VOTING RIGHTS OF ALL REGULAR FULL-TIME EMPLOYEES, AGENTS OR INDEPENDENT CONTRACTORS OF COMPANIES CONTROLLED BY THE IAA ARE SUSPENDED, ALSO. THE BOARD MONITORS COMPLIANCE WITH THESE PROHIBITIONS ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 MANAGER'S CONTRACT AND COMPENSATION ARE REVIEWED ANNUALLY BY THE OFFICERS OF THE BOARD, USING COMPARABILITY DATA. A RECOMMENDATION IS MADE AND VOTED ON BY THE ENTIRE BOARD. 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 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE 11,797. STATE INCOME TAX 7,853. MISCELLANEOUS 4,891. MEMBERSHIP SIGNS & CALENDARS 2,057. MEMBERSHIP ACQUISITION 1,761. JANITOR SERVICE 1,746. REAL ESTATE TAXES 83. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.