2025-09-30T08:32:43-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 301 SW ADAMS STREET SUITE 1000 PEORIA IL 61602 990 2023-07-01 376046462 ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION ILLI 2173335511 1101 WEST PEABODY DR 165 URBANA IL 61801 BOB RHEA CEO 2173335511 2025-09-26 1 1 SAMUEL A CIGELNIK P00324762 3096714500 2025-09-26 2023 2025-03-06 01:10:19Z BOB RHEA 1101 WEST PEABODY DR 165 URBANA IL 61801 18845423 0 X WWW.FBFM.ORG X 1969 IL TEACHING BUSINESS ANALYSIS AND ACCOUNTING SKILLS TO FARM OPERATORS. 11 11 266 0 11830413 0 6429955 0 435692 18535062 212121 306504 10016662 3857 17094430 18845423 0 0 0 0 13152959 14645686 0 0 0 3231189 3599656 16384148 18245342 710282 600081 16138094 17202842 4582317 5046984 11555777 12155858 TEACHING BUSINESS ANALYSIS AND ACCOUNTING SKILLS TO FARM OPERATORS. 0 0 TEACHING BUSINESS ANALYSIS AND ACCOUNTING SKILLS TO FARM OPERATORS. TEACHING FARMERS PROPER FARM ACCOUNTING METHODS TEACHING FARMERS HOW TO USE THEIR FARM RECORDS TO IMPROVE PROFITABILITY FOR THEIR FARM BUSINESSES 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 64 0 1 266 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 1 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BOB RHEA 2173335511 1101 WEST PEABODY DR 165 URBANA IL 61801 RON PIERSON PRESIDENT 2.00 X X 6580 0 0 CHRIS URISH DIRECTOR (FROM 09/23) 1.00 X 2128 0 0 LAURA LONGEVILLE DIRECTOR 1.00 X 4291 0 0 MIKE CUNNINGHAM SECRETARY 1.00 X X 5459 0 0 DWIGHT BOHLEN DIRECTOR (FROM 09/23) 1.00 X 1977 0 0 JOHN ROBINSON DIRECTOR 1.00 X 4790 0 0 BRYAN FESSER DIRECTOR 1.00 X 5461 0 0 TOM CONNORS VICE PRESIDENT 1.00 X X 6262 0 0 ALVIN BARROW DIRECTOR 1.00 X 5718 0 0 CARRIE MUEHLING VOGEL DIRECTOR 1.00 X 3976 0 0 JIM SPRADLIN DIRECTOR (FROM 09/23) 1.00 X 3697 0 0 DARRELL STITZEL VICE PRESIDENT (THRU 09/23) 1.00 X X 1200 0 0 RANDY SIMS DIRECTOR (THRU 09/23) 1.00 X 3718 0 0 GARY ASH DIRECTOR (THRU 09/23) 1.00 X 3481 0 0 BOB RHEA CEO 40.00 X 246412 0 34368 BRAD ZWILLING TREASURER 1.00 X 112712 0 22871 SCOTT NEWPORT REGIONAL VP 40.00 X 220261 0 32617 JAMES MCCABE VP OF INNOVATION 40.00 X 263985 0 23789 DAVID YANDELL REGIONAL VP 40.00 X 142076 0 23836 JOHN HUDSON FIELD STAFF 40.00 X 152704 0 25629 JEFF JOHNSON FIELD STAFF 40.00 X 138712 0 12542 ROBERTA BOARMAN VP REGION 1 40.00 X 134665 0 23598 1470265 0 199250 25 0 1 0 IRON CLOUD 25 EXECUTIVE DR SUITE G LAFAYETTE IN 47905 SERVER & DESKTOP SUPPORT 328325 S&S PROGRAMMING 3601 SAGAMORE PKWY N F LAFAYETTE IN 47904 SOFTWARE PROGRAMMING 301817 2 INCOME TAX SERVICES 541200 9433238 9433238 MEMBERSHIP DUES 541200 6412176 6412176 CHECK ACCOUNTING REVENUE 541200 1492199 1492199 PROFESSIONAL SERVICES 541200 536393 536393 PAYROLL SERVICES 541200 341862 341862 319194 292473 26721 18535062 292604 292604 13900 0 13900 13900 13900 MISCELLANEOUS 900099 3857 3857 3857 18845423 6708506 11830413 306504 X 773679 10764776 686601 1552340 868290 26285 44775 6941 372320 46485 389333 442126 663951 349596 104078 575594 147591 STAFF CELL PHONES 115454 DIRECTORS' EXPENSE 111441 PROFESSIONAL DEVELOPMEN 70409 BAD DEBT EXPENSE (RECOV 39620 93657 18245342 1203765 1913462 10064498 8951354 1359960 2271605 67295 64660 5039819 1535395 2623885 3504424 818691 497337 16138094 17202842 789639 1246538 3028020 3345628 764658 454818 4582317 5046984 X 11555777 12155858 11555777 12155858 16138094 17202842 600081 0 X X 0 1 X 1 0 0 1 0 25000 25000 144388 1543 142845 364417 245315 119102 997971 364621 633350 3508043 923916 2584127 3504424 RIGHT-OF-USE LEASE LIABILITY 454818 454818 18845423 0 18845423 0 18845423 18245342 0 18245342 0 18245342 X X X X X 0 0 0 JAMES MCCABE VP OF INNOVATION 259564 0 4421 0 0 0 23789 0 0 0 287774 0 0 0 BOB RHEA CEO 193212 0 53200 0 0 0 23310 0 11058 0 280780 0 0 0 SCOTT NEWPORT REGIONAL VP 191775 0 28486 0 0 0 21559 0 11058 0 252878 0 0 0 JOHN HUDSON FIELD STAFF 151710 0 994 0 0 0 14771 0 10858 0 178333 0 0 0 DAVID YANDELL REGIONAL VP 141976 0 100 0 0 0 12778 0 11058 0 165912 0 0 0 ROBERTA BOARMAN VP REGION 1 127865 0 6800 0 0 0 12279 0 11319 0 158263 0 0 0 JEFF JOHNSON FIELD STAFF 128558 0 10154 0 0 0 12542 0 0 0 151254 0 0 0 PART I, LINE 3 THE ASSOCIATION RELIES ON A COMBINATION OF THE FACTORS ABOVE TO DETERMINE THE APPROPRIATE CEO COMPENSATION ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION A, LINE 5 THE ORGANIZATION IDENTIFIED IMPROPER BILLING PROCEDURES THAT RESULTED IN REDUCING OVERALL REVENUES BY APPROXIMATELY $260,000 FOR THE YEAR ENDED JUNE 30, 2024. ADDITIONAL INTERNAL CONTROLS WERE PUT IN PLACE BY THE ORGANIZATION TO PREVENT AND/OR DETECT IMPROPER BILLING PROCEDURES. FORM 990, PART VI, SECTION A, LINE 6 ORGANIZATION CONSISTS OF DUES-PAYING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A DIRECTORS ARE ELECTED BY MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANNUAL MEETING OF DELEGATES (MEMBERS) HAVE FINAL AUTHORITY TO APPROVE ACTIONS OF THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS MADE AVAILABLE TO DIRECTORS ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS RECEIVE A HANDBOOK INCLUDING A CONFLICT OF INTEREST POLICY. THE POLICY IS USED FOR BOTH EMPLOYEES AND DIRECTORS AND REQUIRES ALL REPRESENTATIVES OF THE ASSOCIATION (FBFM) TO ADVANCE ITS INTERESTS AND AVOID CONFLICTS OF INTEREST. THE POLICY EXPLAINS CONFLICTS OF INTEREST AS FOLLOWS: WE MUST AVOID ANY RELATIONSHIP OR ACTIVITY THAT MIGHT IMPAIR, OR EVEN APPEAR TO IMPAIR, OUR ABILITY TO MAKE OBJECTIVE AND FAIR DECISIONS WHEN PERFORMING OUR JOBS. AT TIMES, WE MAY BE FACED WITH SITUATIONS WHERE THE BUSINESS ACTIONS WE TAKE ON BEHALF OF FBFM MAY CONFLICT WITH OUR OWN PERSONAL OR FAMILY INTERESTS. WE OWE A DUTY TO FBFM TO ADVANCE ITS LEGITIMATE INTERESTS WHEN THE OPPORTUNITY TO DO SO ARISES. WE MUST NEVER USE FBFM PROPERTY OR INFORMATION FOR PERSONAL GAIN OR PERSONALLY TAKE FOR OURSELVES ANY OPPORTUNITY THAT IS DISCOVERED THROUGH OUR POSITION WITH FBFM. HERE ARE SOME OTHER WAYS IN WHICH CONFLICTS OF INTEREST COULD ARISE: 1. BEING EMPLOYED (YOU OR A CLOSE FAMILY MEMBER) BY, OR ACTING AS A CONSULTANT TO, A COMPETITOR OR POTENTIAL COMPETITOR, SUPPLIER OR CONTRACTOR, REGARDLESS OF THE NATURE OF THE EMPLOYMENT, WHILE YOU ARE EMPLOYED WITH FBFM. 2. HIRING OR SUPERVISING FAMILY MEMBERS OR CLOSELY RELATED PERSONS, EXCEPT TEMPORARY EMPLOYMENT. 3. SERVING AS A BOARD MEMBER FOR AN OUTSIDE COMMERCIAL COMPANY OR ORGANIZATION. 4. OWNING OR HAVING A SUBSTANTIAL INTEREST IN A COMPETITOR, SUPPLIER OR CONTRACTOR. 5. HAVING A PERSONAL INTEREST, FINANCIAL INTEREST OR POTENTIAL GAIN IN ANY FBFM TRANSACTION. 6. PLACING COMPANY BUSINESS WITH A FIRM OWNED OR CONTROLLED BY A FBFM EMPLOYEE OR HIS OR HER FAMILY. 7. ACCEPTING GIFTS, DISCOUNTS, FAVORS OR SERVICES FROM A CUSTOMER/POTENTIAL CUSTOMER, COMPETITOR OR SUPPLIER, UNLESS EQUALLY AVAILABLE TO ALL FBFM EMPLOYEES. THE POLICY ALSO ADVISES FBFM REPRESENTATIVES TO SEEK MANAGEMENT ADVICE BEFORE ENGAGING IN ANY ACTIVITY, TRANSACTION OR RELATIONSHIP THAT COULD PRODUCE A CONFLICT OF INTEREST. THE BOARD MONITORS ITS COMPLIANCE WITH THE POLICY ON AN ONGOING BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE SETS COMPENSATION FOR THE CEO. THE BOARD APPROVES THE COMMITTEE'S ACTION. THE CEO SETS SALARIES FOR MANAGEMENT WITHIN THE BUDGET APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART IX, LINE 11G CONTRACT LABOR & CONSULTING 299,935. OTHER PROFESSIONAL FEES 72,385. FORM 990, PART IX, LINE 24E REPAIRS & MAINTENANCE 31,215. MISCELLANEOUS 26,480. DUES & SUBSCRIPTIONS 23,412. SERVICE SUPPLIES 9,031. PROPERTY TAX 3,519. PART XII THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. FBFM ENTERPRISES LLC 1101 W PEABODY DRIVE ROOM 165 URBANA IL 61801 993603529 OWN OFFICE BUILDINGS AND RENT TO THE ASSOCIATION FOR CONDUCTING ACTIVITIES IL 244388 240286 ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION