Nonprofit · EIN 37-6046462
ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION
Tax-exempt · URBANA, IL 61801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,602,099 | $20,562,096 | $40,003 | $16,911,758 | $4,715,897 | $12,195,861 |
| June 30, 2024 | 990 | $18,845,423 | $18,245,342 | $600,081 | $17,202,842 | $5,046,984 | $12,155,858 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,312,458
- Investment income
- $242,268
- Net rental income
- $40,250
- Net gain from sales of assets
- $7,793
- Other revenue
- $47,373
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $899,604
- Other salaries and wages
- $11,824,544
- Salaries, compensation and benefits (total)
- $16,126,821
- Professional fundraising fees
- $0
- Legal fees
- $64,970
- Accounting fees
- $68,958
- Occupancy
- $862,316
- Travel
- $456,615
- Depreciation
- $794,046
Balance sheet and other
- Total assets, start of year
- $17,202,842
- Total assets, end of year
- $16,911,758
- Total liabilities, end of year
- $4,715,897
- Net assets, end of year
- $12,195,861
- Land, buildings and equipment
- $4,970,806
- Net assets without donor restrictions
- $12,195,861
- Gross unrelated business income
- $13,168,280
- Gross receipts
- $20,631,943
- Employees
- 276
- Volunteers
- 0
- Year formed
- 1969
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT NEWPORT | CHIEF EXECUTIVE OFFICER Officer | 40 | $223,310 | $33,776 |
| BOB RHEA | ADVISOR Highest-paid employee | 40 | $212,400 | $32,211 |
| CODY STEWART | VP FINANCE Highest-paid employee | 40 | $183,658 | $29,930 |
| DAVID YANDELL | REGIONAL VP Key employee | 40 | $184,504 | $28,662 |
| JOHN HUDSON | FIELD STAFF Highest-paid employee | 40 | $173,447 | $27,006 |
| ROBERTA BOARMAN | REGIONAL VP Key employee | 40 | $157,089 | $26,375 |
| BRAD ZWILLING | TREASURER Officer | 40 | $146,759 | $26,842 |
| JAMES MCCABE | FIELD STAFF Highest-paid employee | 40 | $162,804 | $7,958 |
| JEFF JOHNSON | FIELD STAFF Highest-paid employee | 40 | $142,369 | $12,859 |
| RON PIERSON | PRESIDENT Trustee or director, Officer | 2 | $9,686 | $0 |
| TOM CONNORS | VICE PRESIDENT Trustee or director, Officer | 1 | $8,244 | $0 |
| JIM SPRADLIN | DIRECTOR Trustee or director | 1 | $7,097 | $0 |
| CARRIE MUEHLING VOGEL | DIRECTOR Trustee or director | 1 | $7,028 | $0 |
| ALVIN BARROW | DIRECTOR Trustee or director | 1 | $6,874 | $0 |
| MIKE CUNNINGHAM | SECRETARY Trustee or director, Officer | 1 | $6,217 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURA LONGEVILLE | DIRECTOR Trustee or director | 1 | $5,300 |
| CHRIS URISH | DIRECTOR Trustee or director | 1 | $4,905 |
| DWIGHT BOHLEN | DIRECTOR Trustee or director | 1 | $4,560 |
| BRYAN FESSER | DIRECTOR Trustee or director | 1 | $4,075 |
| JOHN ROBINSON | DIRECTOR Trustee or director | 1 | $3,855 |
| LEE ELLIOTT | DIRECTOR Trustee or director | 1 | $2,161 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES MCCABE | VP OF INNOVATION Highest-paid employee | 40 | $263,985 | $23,789 |
| BOB RHEA | CEO Officer | 40 | $246,412 | $34,368 |
| SCOTT NEWPORT | REGIONAL VP Key employee | 40 | $220,261 | $32,617 |
| JOHN HUDSON | FIELD STAFF Highest-paid employee | 40 | $152,704 | $25,629 |
| DAVID YANDELL | REGIONAL VP Highest-paid employee | 40 | $142,076 | $23,836 |
| ROBERTA BOARMAN | VP REGION 1 Highest-paid employee | 40 | $134,665 | $23,598 |
| JEFF JOHNSON | FIELD STAFF Highest-paid employee | 40 | $138,712 | $12,542 |
| BRAD ZWILLING | TREASURER Officer | 1 | $112,712 | $22,871 |
| RON PIERSON | PRESIDENT Trustee or director, Officer | 2 | $6,580 | $0 |
| TOM CONNORS | VICE PRESIDENT Trustee or director, Officer | 1 | $6,262 | $0 |
| ALVIN BARROW | DIRECTOR Trustee or director | 1 | $5,718 | $0 |
| BRYAN FESSER | DIRECTOR Trustee or director | 1 | $5,461 | $0 |
| MIKE CUNNINGHAM | SECRETARY Trustee or director, Officer | 1 | $5,459 | $0 |
| JOHN ROBINSON | DIRECTOR Trustee or director | 1 | $4,790 | $0 |
| LAURA LONGEVILLE | DIRECTOR Trustee or director | 1 | $4,291 | $0 |
| CARRIE MUEHLING VOGEL | DIRECTOR Trustee or director | 1 | $3,976 | $0 |
| RANDY SIMS | DIRECTOR (THRU 09/23) Trustee or director | 1 | $3,718 | $0 |
| JIM SPRADLIN | DIRECTOR (FROM 09/23) Trustee or director | 1 | $3,697 | $0 |
| GARY ASH | DIRECTOR (THRU 09/23) Trustee or director | 1 | $3,481 | $0 |
| CHRIS URISH | DIRECTOR (FROM 09/23) Trustee or director | 1 | $2,128 | $0 |
| DWIGHT BOHLEN | DIRECTOR (FROM 09/23) Trustee or director | 1 | $1,977 | $0 |
| DARRELL STITZEL | VICE PRESIDENT (THRU 09/23) Trustee or director, Officer | 1 | $1,200 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 W PEABODY DR RM 165, URBANA, IL 61801-4723
- Principal officer (990 for 2024)
- SCOTT NEWPORT, 1101 WEST PEABODY DR 165, URBANA, IL 61801
- Signed the 990
- SCOTT NEWPORT, CEO
- Phone
- (217) 333-5511
- Website
- WWW.FBFM.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TEACHING BUSINESS ANALYSIS AND ACCOUNTING SKILLS TO FARM OPERATORS.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 37-6046462
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $16,911,758
- Income (IRS master file)
- $20,631,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,602,099 | $20,562,096 | $16,911,758 | IRS |
| 990 | June 2024 | $18,845,423 | $18,245,342 | $17,202,842 | XML |
| 990 | June 2023 | $17,094,430 | $16,384,148 | $16,138,094 | IRS |
| 990 | June 2022 | $17,210,382 | $14,320,361 | $14,213,346 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-6046462).
Questions about ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION
- What is the EIN of ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION?
- The employer identification number (EIN) of ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION is 37-6046462.
- Is ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1950.
- Are donations to ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION?
- The 990 for the year ended June 30, 2025 names SCOTT NEWPORT.
- Who are the officers and directors of ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 21 people; 21 received compensation from the organization, the highest $223,310 (SCOTT NEWPORT, CHIEF EXECUTIVE OFFICER).
- How much revenue does ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,602,099, expenses of $20,562,096 and total assets of $16,911,758 at year end.
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