Iowa Farm Bureau Federation in Wdm, Iowa (IA)

Iowa Farm Bureau Federation
Employer Identification Number (EIN)	420331840
Name of Organization	Iowa Farm Bureau Federation
Address	5400 University Ave, Wdm, IA 50266-5950
Activities	Other school related activities, Other services or benefits to members or employees
Subsection	Agricultural Organization
Ruling Date	01/1945
Deductibility	Contributions are not deductible
Foundation	All organizations except 501(c)(3)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	10/2013
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$1,041,931,807
Amount of Income	$159,277,449
Form 990 Revenue Amount	$110,405,673
National Taxonomy of Exempt Entities (NTEE)	Food, Agriculture and Nutrition: Farm Bureau, Grange

Non-representatives - add comments:

Amount of income in 2013: $159,277,449

Iowa Farm Bureau Federation:	$159,277,449
Other organizations performing similar types of work:	$237,343

Assets in 2013: $1,041,931,807

This organization:	$1,041,931,807
Other organizations performing similar types of work:	$611,878

Expenses in 2013: $29,430,182

This organization:	$29,430,182
Other organizations performing similar types of work:	$213,208

Income to expenses ratio in 2013: 5.4

This organization:	5.4
Other organizations performing similar types of work:	1.2

Number of employees in 2013: 62

This organization:	62
Other organizations performing similar types of work:	4

Employees paid over $100,000 in 2013: 51.6%

Iowa Farm Bureau Federation:	51.6%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 0.0%

Iowa Farm Bureau Federation:	0.0%
Other organizations performing similar types of work:	1.8%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	No	No
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	Yes	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?	No	No
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	Yes
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	Yes	Yes
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	Yes	Yes
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	Yes	Yes
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		96	178
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		77	62
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	Yes	Yes	Yes
Has it filed a Form 990-T for this year?		Yes	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$1,112,797	$1,125,031
Total reportable compensation from related organizations	$2,960,024	$6,090,885
Total estimated amount of other compensation from the organization and related organizations	$1,091,908	$2,397,836
Total number of individuals who received more than $100,000 of reportable compensation from the organization	27	25
Total number of independent contractors who received more than $100,000 of compensation from the organization	6	7

	2011	2012	2013
Statement of Revenue
Total revenue	$35,438,850	$42,172,226	$110,405,673
Contributions, Gifts, Grants and Other Similar Amounts	$0	$47,850	$35,000
Program Service Revenue	$8,571,982	$8,737,149	$9,236,646
561000		$4,491,495	$1,154,221
Periodical Publishers		$3,270,524	$4,360,972
900099		$975,130	$308,494
900099		$0	$3,334,002
900099		$0	$78,957
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$21,090,458	$23,465,503	$59,845,696
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$4,871,150	$5,125,452	$5,398,264
Net rental income	$92,868	$34,551	$0
Net gain/loss from sales of assets other than inventory	$890,142	$4,156,319	$33,240,037
Gross amount from sales of assets other than inventory (Securities / Other)	$10,387,020 / $0	$24,856,560 / $0	$82,105,599 / $0
Less: cost or other basis and sales expenses (Securities / Other)	$9,482,782 / $14,096	$20,404,397 / $295,844	$48,865,562 / $0
Gain or (loss) (Securities / Other)	$904,238 / $-14,096	$4,452,163 / $-295,844	$33,240,037 / $0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$-16,099	$2,446	$429
Gross sales of inventory, less returns and allowances	$4,401	$4,174	$6,643
Less: cost of goods sold	$20,500	$1,728	$6,214
Miscellaneous Revenue	$-61,651	$602,956	$2,649,601
900099		$382,026	$2,649,601
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$49,893,371	$28,142,575	$29,430,182
Grants and other assistance to domestic organizations and domestic governments		$1,406,346	$2,170,170
Grants and other assistance to domestic individuals		$211,161	$183,746
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$397,863	$407,096	$418,991
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$4,535,346	$4,633,395	$4,844,187
Pension plan accruals and contributions		$2,547,929	$1,390,754
Other employee benefits		$712,639	$852,793
Payroll taxes	$359,779	$368,277	$377,119
Fees for services (non-employees)
Management		$1,023,538	$936,883
Legal		$376,334	$417,405
Accounting		$1,881,556	$2,260,443
Lobbying		$0	$0
Professional fundraising services	$33,886	$14,816	$15,196
Investment management fees		$141,932	$145,762
Other		$1,097,069	$1,156,326
Advertising and promotion		$1,951,920	$2,304,840
Office expenses		$299,715	$312,410
Information technology		$1,341,971	$1,577,111
Royalties		$1,331,082	$1,371,922
Occupancy		$447,306	$493,224
Travel		$835,495	$807,005
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$1,600,618	$2,209,200
Interest		$5	$0
Payments to affiliates		$617,696	$617,700
Depreciation, depletion, and amortization		$4,706	$12,262
Insurance		$137,642	$138,536
Other expenses		$4,225,990	$61,456
Other expenses		$229,298	$76,245
Other expenses		$159,151	$134,724
Other expenses		$69,101	$4,108,190
Other expenses		$0	$35,582

	2011	2012	2013
Balance Sheet
Total assets	$767,107,204	$802,091,986	$1,041,931,807
Cash - non-interest-bearing		$1,030,615	$833,752
Savings and temporary cash investments		$7,452,587	$101,294,205
Pledges and grants receivable, net		$0	$0
Accounts receivable, net		$11,037,160	$16,499,957
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$330,472
Inventories for sale or use		$69,437	$69,132
Prepaid expenses and deferred charges		$693,230	$1,277,814
Land, buildings, and equipment: cost or other basis		$25,261	$21,508
Investments - publicly traded securities		$129,271,556	$110,562,567
Investments - other securities		$633,149,146	$791,826,690
Investments - program-related		$0	$0
Intangible assets		$19,008,556	$19,008,556
Other assets		$354,438	$207,154
Total liabilities	$31,888,972	$32,768,729	$30,345,172
Accounts payable and accrued expenses		$2,161,009	$2,341,338
Grants payable		$24,455,989	$24,338,924
Deferred revenue		$2,069,916	$2,012,381
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$4,081,815	$1,652,529
Total net assets or fund balances	$735,218,232	$769,323,257	$1,011,586,635
Unrestricted net assets		$769,323,257	$1,011,586,635
Temporarily restricted net assets		$0	$0
Permanently restricted net assets		$0	$0
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	Not provided
Number of organizations supported	0
Sum of amounts of support	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$23,573,099	$24,509,839	$29,728,958	$36,047,699	$34,290,120	$45,888,327	$29,072,899	$36,710,554
Contributions, gifts, grants, and similar amounts received	$0	$0	$0	$0	$0	$0	$13,358	$0
Contributions to donor advised funds							$0	$0
Direct public support	$0	$0	$0	$0	$0	$0	$13,358	$0
Indirect public support	$0	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$372,664	$4,268,133	$3,864,690	$4,117,665	$4,071,151	$4,849,538	$4,746,414	$5,066,571
Membership dues and assessments	$3,303,536	$3,359,238	$3,340,132	$3,457,234	$3,683,404	$3,458,605	$3,211,883	$3,460,262
Interest on savings and temporary cash investments	$1,994,413	$57,399	$30,397	$67,310	$84,768	$169,434	$447,145	$445,411
Dividends and interest from securities	$15,908,262	$17,437,099	$21,173,035	$19,213,301	$20,148,625	$22,644,997	$22,737,479	$16,579,362
Net rental income or (loss)	$0	$0	$0	$0	$0	$-15,643	$12,338	$-20,391
Gross rents	$0	$0	$0	$0	$0	$0	$12,338	$696
Less: rental expenses	$0	$0	$0	$0	$0	$15,643	$0	$21,087
Other investment income	$0	$0	$0	$0	$0	$0	$106,250	$431,250
Gain or (loss) from sales of assets other than inventory	$131,251	$-2,694,212	$-1,810,779	$6,735,457	$3,032,180	$12,292,990	$-6,124,738	$6,474,267
Gross amount from sales of assets other than inventory	$7,273,648	$9,592,184	$3,328,223	$20,852,264	$23,227,724	$22,705,614	$21,302,865	$38,866,756
Less: cost or other basis and sales expenses	$7,142,397	$12,286,396	$5,139,002	$14,116,807	$20,195,544	$10,412,624	$27,427,603	$32,392,486
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$100,000	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$100,000	$0
Gross profit or (loss) from sales of inventory	$377	$3,511	$1,170	$806	$15,507	$1,758	$381	$12,493
Gross sales of inventory, less returns and allowances	$165,385	$97,923	$59,578	$316,586	$51,586	$47,626	$52,584	$30,105
Less: cost of goods sold	$165,008	$94,412	$58,408	$315,780	$36,079	$45,868	$52,203	$17,612
Other revenue	$1,862,596	$2,078,671	$3,130,313	$2,455,926	$3,254,485	$2,486,648	$3,922,389	$4,261,329
Total expenses	$17,461,106	$23,552,838	$24,004,004	$26,210,324	$25,510,409	$27,187,461	$29,527,862	$30,385,054
Program services	$0	$0	$0	$0	$0	$0	$0	$0
Management and general	$0	$0	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$533,845	$533,848	$534,167	$610,480	$612,248	$613,604	$614,740	$614,844
Net assets or fund balances at end of year	$467,615,377	$516,776,896	$613,909,655	$620,488,307	$705,592,727	$781,054,881	$854,182,504	$491,107,671
Excess or (deficit) for the year	$6,111,993	$957,001	$5,724,954	$9,837,375	$8,779,711	$18,700,866	$-454,963	$6,325,500
Net assets or fund balances at beginning of year	$442,805,395	$467,615,377	$516,776,896	$613,909,655	$620,488,307	$705,592,727	$781,054,881	$854,182,504
Other changes in net assets or fund balances	$18,697,989	$48,204,518	$91,407,805	$-3,258,723	$76,324,709	$56,761,288	$73,582,586	$-369,400,333

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$29,770,210	$0	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$3,183,648
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$435,438	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$6,356	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$6,359,462	$0	$0	$0
Pension plan contributions not included above	$1,004,542	$0	$0	$0
Employee benefits not included above	$775,496	$0	$0	$0
Payroll taxes	$464,323	$0	$0	$0
Professional fundraising fees	$923	$0	$0	$0
Accounting fees	$1,791,031	$0	$0	$0
Legal fees	$495,015	$0	$0	$0
Supplies	$32,223	$0	$0	$0
Telephone	$77,207	$0	$0	$0
Postage and shipping	$39,090	$0	$0	$0
Occupancy	$734,551	$0	$0	$0
Equipment rental and maintenance	$118,462	$0	$0	$0
Printing and publications	$4,416,760	$0	$0	$0
Travel	$1,026,757	$0	$0	$0
Conferences, conventions, and meetings	$1,953,621	$0	$0	$0
Interest	$113,091	$0	$0	$0
Depreciation, depletion, etc.	$17,937	$0	$0	$0
Other expenses not covered above	$6,724,277	$0	$0	$0

	2000	2001	2002	2003	2004	2005	2006	2007
Balance Sheets
Total assets	$475,005,738	$526,594,082	$627,271,550	$627,256,387	$714,402,264	$788,927,450	$861,356,649	$500,636,040
Cash - non-interest-bearing	$348,760	$941,977	$184,923	$134,528	$255,791	$282,889	$292,515	$404,931
Savings and temporary cash investments	$34,189,880	$7,013,622	$7,709,141	$5,074,799	$7,854,725	$7,275,971	$5,853,782	$9,771,107
Accounts receivable less allowance for doubtful accounts	$2,123,409	$3,391,346	$4,437,337	$4,917,124	$5,975,464	$7,059,565	$6,422,000	$4,587,166
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)							$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$243,042	$198,091	$149,231	$133,040	$113,576	$85,714	$58,124	$9,270
Inventories for sale or use	$144,493	$114,137	$107,742	$67,023	$78,230	$88,854	$92,733	$91,050
Prepaid expenses and deferred charges	$1,495,909	$1,382,196	$1,425,813	$1,812,014	$3,004,567	$4,931,392	$2,451,824	$1,720,274
Investments - publicly-traded securities							$702,569,331	$339,138,154
Investments - other securities	$414,280,262	$491,230,610	$590,693,137	$592,041,590	$674,015,541	$745,610,891	$119,763,325	$119,754,000
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0	$0
Investments - other	$2,589,213	$3,204,307	$3,472,208	$3,996,238	$4,034,454	$4,536,425	$4,813,024	$6,118,263
Land, buildings, and equipment less accumulated depreciation	$45,502	$109,240	$83,462	$71,475	$61,360	$47,193	$31,435	$33,269
Other assets, including program-related investments	$19,545,268	$19,008,556	$19,008,556	$19,008,556	$19,008,556	$19,008,556	$19,008,556	$19,008,556
Total liabilities	$7,390,361	$9,817,186	$13,361,895	$6,768,080	$8,809,537	$7,872,569	$7,174,145	$9,528,369
Accounts payable and accrued expenses	$4,755,278	$5,480,501	$3,756,514	$3,087,215	$3,923,848	$3,070,352	$3,291,553	$5,979,599
Grants payable	$1,290,952	$1,153,957	$920,000	$1,927,500	$2,992,500	$2,875,000	$2,175,000	$1,685,000
Deferred revenue	$1,336,441	$1,697,728	$1,758,339	$1,746,599	$1,893,189	$1,927,217	$1,707,592	$1,863,770
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$0	$1,477,727	$6,919,976	$0	$0	$0	$0	$0
Other liabilities	$7,690	$7,273	$7,066	$6,766	$0	$0	$0	$0
Total liabilities and net assets/fund balances	$475,005,738	$526,594,082	$627,271,550	$627,256,387	$714,402,264	$788,927,450	$861,356,649	$500,636,040
Total net assets or fund balances	$467,615,377	$516,776,896	$613,909,655	$620,488,307	$705,592,727	$781,054,881	$854,182,504	$491,107,671

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$23,573,099	$24,509,839	$29,728,958	$36,047,699	$34,290,120	$45,888,327	$29,072,899	$36,710,554
Total revenue, gains, and other support per audited financial statements	$39,980,600	$71,340,688	$119,366,620	$31,136,834	$109,261,232	$101,167,163	$105,654,815	$-330,261,521
Other expenses	$18,348,770	$47,778,514	$90,317,586	$-4,699,220	$75,868,787	$63,583,567	$78,431,220	$-366,416,821
Net unrealized gains on investments	$18,348,770	$47,778,514	$90,317,586	$-4,699,220	$75,868,787	$63,583,567	$78,431,220	$-366,416,821
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0	$0
Other revenue	$1,941,269	$947,665	$679,924	$211,645	$897,675	$8,304,731	$1,849,304	$555,254
Investment expenses	$121,508	$0	$0	$0	$0	$0	$0	$0
Other	$1,819,761	$947,665	$679,924	$211,645	$897,675	$8,304,731	$1,849,304	$555,254

	2000	2001	2002	2003	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$17,461,106	$23,552,838	$24,004,004	$26,210,324	$25,510,409	$27,187,461	$29,527,862	$321,385,054
Total expenses and losses per audited financial statements	$15,170,618	$22,179,168	$22,233,861	$24,558,182	$24,156,812	$25,705,008	$32,527,193	$323,813,313
Other revenue	$0	$0	$0	$0	$0	$0	$4,312,288	$2,625,824
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$4,312,288	$2,625,824
Other expenses	$2,290,488	$1,373,670	$1,770,143	$1,652,142	$1,353,597	$1,482,453	$1,312,957	$197,565
Investment expenses	$121,508	$0	$0	$0	$0	$0	$0	$0
Other	$2,168,980	$1,373,670	$1,770,143	$1,652,142	$1,353,597	$1,482,453	$1,312,957	$197,565

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
18	$53,670	$3,543	$3,630
18	$39,232	$2,602	$8,942
18	$27,228	$214	$4,050
18	$34,056	$559	$6,401
18	$39,696	$2,392	$5,187
18	$38,576	$1,540	$6,778
18	$31,667	$923	$4,617
18	$33,487	$1,046	$3,844
18	$35,506	$1,149	$7,497
18	$31,136	$2,154	$4,116

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	11
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	Yes

Loans and Advances	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Former Officers, Directors, Trustees, and Key Employees That Received Compensation or Other Benefits
$0	$0	$551	$0
$0	$0	$82	$0
$0	$0	$327	$0
$0	$0	$825	$0
$0	$0	$670	$0
$0	$0	$670	$0
$0	$0	$990	$0
$0	$0	$1,086	$0
$0	$0	$195	$0
$0	$0	$551	$0
$0	$0	$409	$0

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?	Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?	No
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?	No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?	No
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	Yes
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	73

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$3,970,822		$28,135,628	$4,604,014
Program service revenue
Program service revenue 1	Periodical publishers (except Internet)	$3,935,222	00	$0	$0
Program service revenue 2	000000	$0	00	$0	$396,408
Program service revenue 3	000000	$0	00	$0	$243,825
Program service revenue 4	000000	$0	00	$0	$370,837
Program service revenue 5	000000	$0	00	$0	$27,726
	Periodical publishers (except Internet)	$3,935,222	00	$0	$0
	000000	$0	00	$0	$396,408
	000000	$0	00	$0	$243,825
	000000	$0	00	$0	$370,837
	000000	$0	00	$0	$24,786
	000000	$0	00	$0	$2,940
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$92,463
Membership dues and assessments	000000	$0	00	$0	$3,460,262
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$445,411	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$16,579,362	$0
Net rental income or (loss) from real estate
debt-financed property	Lessors of other real estate property	$-21,087	00	$0	$0
not debt-financed property	000000	$0	Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)	$696	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$431,250	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))	$6,474,267	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$12,493
Other revenue	Merchant wholesalers, nondurable goods	$56,687	Royalty income excluded by section 512(b)(2)	$4,204,642	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
421411715	66%	$644,465,000	$14,060,814,000
830358190	75%	$399	$5,053,168
420686922	100%	$8,301,007	$2,444,545
391874146	100%	$632,788	$1,489,310

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is

	1999	2000	2001	2002	2003	2004	2005	2006
Support Schedule
Total	$0	$0	$0	$0	$0	$0	$0	$0
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0	$0	$0	$0	$0	$0	$0	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0	$0	$0	$0	$0	$0	$0	$0
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0	$0
Other income	$0	$0	$0	$0	$0	$0	$0	$0

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Iowa Farm Bureau Federation	5400 University Ave, Wdm, IA 50266-5950	IA	1945-01	$159,277,449
2	Kansas Farm Bureau	2627 Kfb Plaza, Manhattan, KS 66503-8116	KS	1939-11	$64,797,146
3	American Farm Bureau Federation	600 Maryland Ave Sw, Washington, DC 20024-2520	DC	1950-06	$30,690,839
4	California Farm Bureau Federation	2300 River Plaza Dr, Sacramento, CA 95833-4236	CA	1948-12	$27,860,506
5	Texas Farm Bureau	PO BOX 2689, Waco, TX 76702-2689	TX	1945-02	$27,110,091
6	Arkansas Farm Bureau Federation	PO BOX 31, Little Rock, AR 72203-0031	AR	1939-11	$22,339,782
7	North Carolina Farm Bureau Federation Inc	5301 Glenwood Ave, Raleigh, NC 27612-3244	NC	1949-05	$17,231,037
8	Tennessee Farm Bureau Federation	147 Bear Creek Pike, Columbia, TN 38401-2266	TN	1940-12	$15,037,599
9	Kentucky Farm Bureau Federation	PO BOX 20700, Louisville, KY 40250-0700	KY	1964-03	$14,743,842
10	Virginia Farm Bureau Federation Inc	12580 West Creek Pkwy, Richmond, VA 23238-1110	VA	1944-12	$14,215,300
11	New Jersey Farm Bureau	168 W State St, Trenton, NJ 08608-1104	NJ	1942-02	$13,694,117
12	South Carolina Farm Bureau Federation	PO BOX 754, Columbia, SC 29202-0754	SC	1973-01	$13,278,337
13	Michigan Farm Bureau	7373 W Saginaw Hwy, Lansing, MI 48917-1124	MI	1943-09	$12,891,708
14	New York Farm Bureau	PO BOX 5330, Albany, NY 12205-0330	NY	1956-09	$12,499,371
15	Washington State Farm Bureau Federation	PO BOX 8690, Lacey, WA 98509-8690	WA	1932-08	$11,292,882
16	Iowa Farm Bureau Federation, Johnson County Farm Bureau	2130 Mormon Trek Blvd, Iowa City, IA 52246-4433	IA	1957-05	$329,541
17	Iowa Farm Bureau Federation, Black Hawk County	3315 W 4th St, Waterloo, IA 50701-4411	IA	1945-02	$176,018
18	Iowa Farm Bureau Federation, Chickasaw County	Hwy 18 West Box 490, New Hampton, IA 50659	IA	1945-02	$156,439
19	Iowa Farm Bureau Federation, Hamilton County	PO BOX 250, Webster City, IA 50595-0250	IA	1945-02	$118,155
20	Iowa Farm Bureau Federation, Palo Alto County	PO BOX 281, Emmetsburg, IA 50536-0281	IA	1957-05	$56,116

Number of organizations performing similar types of work

Alabama	1
Arkansas	4
California	7
Colorado	1
District of Columbia	1
Delaware	1
Florida	2
Georgia	6
Iowa	6
Illinois	13
Indiana	8
Kansas	3
Kentucky	6
Louisiana	5
Maryland	3
Michigan	1
Missouri	2

Mississippi	3
North Carolina	5
Nebraska	1
New Jersey	1
New York	2
Ohio	7
Oklahoma	2
Oregon	1
Pennsylvania	1
South Carolina	2
Tennessee	4
Texas	3
Virginia	2
Washington	1
Wisconsin	1
West Virginia	1

Total

107

Affiliation	Name	Address	State	Established	Total Income
20 biggest affiliated organizations
Central	Iowa Farm Bureau Federation	5400 University Ave, Wdm, IA 50266-5950	IA	1945-01	$159,277,449
Subordinate	Iowa Farm Bureau Federation, Johnson County Farm Bureau	2130 Mormon Trek Blvd, Iowa City, IA 52246-4433	IA	1957-05	$329,541
Subordinate	Iowa Farm Bureau Federation, Black Hawk County	3315 W 4th St, Waterloo, IA 50701-4411	IA	1945-02	$176,018
Subordinate	Iowa Farm Bureau Federation, Chickasaw County	Hwy 18 West Box 490, New Hampton, IA 50659	IA	1945-02	$156,439
Subordinate	Iowa Farm Bureau Federation, Hamilton County	PO BOX 250, Webster City, IA 50595-0250	IA	1945-02	$118,155
Subordinate	Iowa Farm Bureau Federation, Palo Alto County	PO BOX 281, Emmetsburg, IA 50536-0281	IA	1957-05	$56,116
Subordinate	Iowa Farm Bureau Federation, Polk County	300 Se Delaware Ave, Ankeny, IA 50021-9346	IA	1945-02	$831,968
Subordinate	Iowa Farm Bureau Federation, Linn County	1323 Boyson Rd, Hiawatha, IA 52233-2210	IA	1957-05	$436,705
Subordinate	Iowa Farm Bureau Federation, Dubuque County	2333 John F Kennedy Rd, Dubuque, IA 52002-2835	IA	1945-02	$303,458
Subordinate	Iowa Farm Bureau Federation, Warren County	200 W 2nd Ave, Indianola, IA 50125-2411	IA	1945-02	$259,236
Subordinate	Iowa Farm Bureau Federation, Scott County	1721 E Le Claire Rd, Eldridge, IA 52748-1780	IA	1945-01	$253,540
Subordinate	Iowa Farm Bureau Federation, W Pottawattamie County	126 E Broadway Ste 1, Council Blfs, IA 51503-4406	IA	1945-01	$248,975
Subordinate	Iowa Farm Bureau Federation, Winneshiek County	PO BOX 259, Decorah, IA 52101-0259	IA	1943-04	$237,045
Subordinate	Iowa Farm Bureau Federation, Story County Farm Bureau	512 Lincolnway, Nevada, IA 50201	IA	1943-04	$211,074
Subordinate	Iowa Farm Bureau Federation, Clayton County Farm Bureau	24542 Highway 13, Elkader, IA 52043-8004	IA	1945-02	$205,768
Subordinate	Iowa Farm Bureau Federation, Bremer County	PO BOX 615, Waverly, IA 50677-0615	IA	1945-02	$198,309
Subordinate	Iowa Farm Bureau Federation, Allamakee County Farm Bureau	14 1st Ave Ne, Waukon, IA 52172-1706	IA	1945-02	$189,192
Subordinate	Iowa Farm Bureau Federation, Clinton County	514 8th St, Dewitt, IA 52742-1640	IA	1945-02	$188,220
Subordinate	Iowa Farm Bureau Federation, Boone County	1520 S Story St, Boone, IA 50036-5223	IA	1945-02	$183,513
Subordinate	Iowa Farm Bureau Federation, Dallas County	112 Nile Kinnick Dr 8, Adel, IA 50003-1725	IA	1945-02	$181,395

Number of affiliated organizations

Iowa

101