IFBF PROPERTY MANAGEMENT INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- IFBF PROPERTY MANAGEMENT INC (EIN 42-1472056)
- Tax period
- 2021-11-01 to 2022-10-31
- Filed
- 2023-09-14
- IRS object ID
- 202302579349301200
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-09-14T09:21:56-05:00 | ReturnTs |
| Tax Period End | 2022-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420731256 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERIWETHER WILSON AND COMPANY PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4500 WESTOWN PARKWAY SUITE 140 | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 502666717 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 421472056 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IFBF PROPERTY MANAGEMENT INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IFBF | BusinessNameControlTxt |
| Phone | 5152255400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 UNIVERSITY AVE | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARTY SCHWAGER | PersonNm |
| Person Title | VP & SECRETARY | PersonTitleTxt |
| Phone | 5152255400 | PhoneNum |
| Signature | 2023-09-05 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARTY | PersonFirstNm |
| Person Last | SCHWAGER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JONATHAN MAAHS | PreparerPersonNm |
| PTIN | P01536301 | PTIN |
| Phone | 5152230002 | PhoneNum |
| Preparation | 2023-09-05 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MARTY SCHWAGER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 UNIVERSITY AVE | AddressLine1Txt |
| City | WEST DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 50266 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $23,690,878 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1998 | FormationYr |
| Legal Domicile State | IA | LegalDomicileStateCd |
| Activity Or Mission | A TITLE HOLDING CORPORATION. | ActivityOrMissionDesc |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 49 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $13,552,290 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $14,229,851 | CYProgramServiceRevenueAmt |
| PY Investment Income | $7,913,293 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,542,477 | CYInvestmentIncomeAmt |
| PY Other Revenue | $828,069 | PYOtherRevenueAmt |
| CY Other Revenue | $373,144 | CYOtherRevenueAmt |
| PY Total Revenue | $22,293,652 | PYTotalRevenueAmt |
| CY Total Revenue | $18,145,472 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,702,564 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,493,897 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,252,074 | PYOtherExpensesAmt |
| CY Other Expenses | $6,967,021 | CYOtherExpensesAmt |
| PY Total Expenses | $8,954,638 | PYTotalExpensesAmt |
| CY Total Expenses | $9,460,918 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $13,339,014 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,684,554 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $79,758,267 | TotalAssetsBOYAmt |
| Total Assets EOY | $72,856,551 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $21,892,608 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $11,675,103 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $57,865,659 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $61,181,448 | NetAssetsOrFundBalancesEOYAmt |
| Mission | A TITLE HOLDING CORPORATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | BUILDING SERVICES - COLLECTED APPROPRIATE LEASE REVENUE, PAID ORDINARY AND NECESSARY EXPENSES OF OPERATING THE PROPERTY, ALLOWED FOR DEPRECIATION AND TURNED OVER THE EXCESS REVENUE OVER EXPENSES TO ITS EXEMPT PARENT. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (1) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 8 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 49 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JAMES GARDNER CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5152255400 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5400 UNIVERSITY AVE | AddressLine1Txt |
| City | W DES MOINES | CityNm |
| State Abbreviation | IA | StateAbbreviationCd |
| ZIP | 502665997 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|
| CRAIG HILL | ||||||||
| PRESIDENT (12/21) | 1.00 | 49.00 | Yes (X) | Yes (X) | $0 | $542,271 | $92,462 | |
| JAMES GARDNER | ||||||||
| VICE PRESIDENT OF FINANCE | 5.00 | 45.00 | Yes (X) | Yes (X) | $0 | $422,786 | $225,459 | |
| MARTY SCHWAGER | ||||||||
| VICE PRESIDENT & SECRETARY | 2.00 | 48.00 | Yes (X) | Yes (X) | $0 | $348,008 | $261,106 | |
| EDWARD PARKER | ||||||||
| GENERAL COUNSEL (8/22) | 2.00 | 58.00 | Yes (X) | Yes (X) | $0 | $828,538 | $345,075 | |
| BRENT JOHNSON | ||||||||
| PRESIDENT | 1.00 | 49.00 | Yes (X) | Yes (X) | $0 | $63,266 | $0 | |
| MARK WICKHAM | ||||||||
| GENERAL COUNSEL | 2.00 | 58.00 | Yes (X) | Yes (X) | $0 | $260,980 | $66,134 | |
| DUANE JOHNSON | ||||||||
| FORMER VICE PRESIDENT & SE | 0.00 | $0 | $2,841,208 | $680,056 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $5,307,057 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,670,292 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NEUMANN BROTHERS INC | |||||
| PO BOX 1315 | DES MOINES | IA | 50305 | CONSTRUCTION GENERAL CONTRACTOR | $6,427,979 |
| BROOKS BORG SKILES ARCHITECTURE ENGINEER | |||||
| 219 8TH ST SUITE 100 | DES MOINES | IA | 50309 | ARCHITECTURAL & ENGINEERING SERVICES | $1,110,473 |
| SECURITAS SECURITY SERVICES USA INC | |||||
| 12672 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | BUILDING SECURITY CONTRACTOR | $293,134 |
| DISCIPLINED GROWTH INVESTORS INC | |||||
| 150 S 5TH ST SUITE 2550 | MINNEAPOLIS | MN | 55402 | INVESTMENT ADVISORY SERVICE | $210,156 |
| MMC CONTRACTORS IOWA INC | |||||
| 5000 PARK AVE | DES MOINES | IA | 50321 | CONSTRUCTION CONTRACTOR | $144,289 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | TITLE HOLDING CO. RENTAL INC | Desc |
| Business | 531120 | BusinessCd |
| Total Revenue Column | $14,229,851 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $14,229,851 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $14,229,851 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $322,869 | TotalRevenueColumnAmt |
| Exclusion | $322,869 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,486,868 | SecuritiesAmt |
| Other | $3,278,146 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,171,080 | SecuritiesAmt |
| Other | $3,374,326 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,315,788 | SecuritiesAmt |
| Other | -$96,180 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,219,608 | TotalRevenueColumnAmt |
| Exclusion | $3,219,608 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PENSION PLAN RELATED CHANGES OTHE | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $363,305 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $363,305 | RelatedOrExemptFuncIncomeAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,839 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,839 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $373,144 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $18,145,472 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $373,144 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $17,772,328 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,642,869 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,039 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $484,690 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,299 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,732 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,911 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $243,088 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $181,233 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $137,672 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $474,594 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $72,195 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,214,824 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,383 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,397,859 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $109,467 | TotalAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| DUES AND SUBSCRIPTIONS | $20,251 |
| INCOME TAX EXPENSE | $2,812 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,460,918 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,255,758 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,788,271 | BOYAmt |
| EOY | $366,580 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,399 | BOYAmt |
| EOY | $1,122,102 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,061 | BOYAmt |
| EOY | $67,092 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $70,407,068 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $26,997,341 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,100,067 | BOYAmt |
| EOY | $43,409,727 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,090,748 | BOYAmt |
| EOY | $27,084,771 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $398,963 | BOYAmt |
| EOY | $806,279 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,758,267 | BOYAmt |
| EOY | $72,856,551 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,892,608 | BOYAmt |
| EOY | $11,641,752 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $33,351 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,892,608 | BOYAmt |
| EOY | $11,675,103 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,865,659 | BOYAmt |
| EOY | $61,181,448 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,865,659 | BOYAmt |
| EOY | $61,181,448 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,758,267 | BOYAmt |
| EOY | $72,856,551 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $8,684,554 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$10,070,156 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,701,391 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,198,095 | OtherCostOrOtherBasisAmt |
| Book Value | $3,198,095 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $59,625,002 | OtherCostOrOtherBasisAmt |
| Depreciation | $24,761,104 | DepreciationAmt |
| Book Value | $34,863,898 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,053,379 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,236,237 | DepreciationAmt |
| Book Value | $1,817,142 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,530,592 | OtherCostOrOtherBasisAmt |
| Book Value | $3,530,592 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $43,409,727 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHECKS IN EXCESS | Desc |
| Amt | $33,351 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $33,351 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $18,145,472 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $18,145,472 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $18,145,472 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,460,918 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,460,918 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,460,918 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DUANE JOHNSON | ||||||||||||||
| FORMER VICE PRESIDENT & SE | $0 | $204,613 | $0 | $164,556 | $0 | $2,472,039 | $0 | $662,893 | $0 | $17,163 | $0 | $3,521,264 | $0 | $2,424,859 |
| EDWARD PARKER | ||||||||||||||
| GENERAL COUNSEL (8/22) | $0 | $470,932 | $0 | $164,635 | $0 | $192,971 | $0 | $321,290 | $0 | $23,785 | $0 | $1,173,613 | $0 | $0 |
| JAMES GARDNER | ||||||||||||||
| VICE PRESIDENT OF FINANCE | $0 | $299,016 | $0 | $81,988 | $0 | $41,782 | $0 | $201,130 | $0 | $24,329 | $0 | $648,245 | $0 | $0 |
| CRAIG HILL | ||||||||||||||
| PRESIDENT (12/21) | $0 | $240,024 | $0 | $161,972 | $0 | $140,275 | $0 | $70,712 | $0 | $21,750 | $0 | $634,733 | $0 | $0 |
| MARTY SCHWAGER | ||||||||||||||
| VICE PRESIDENT & SECRETARY | $0 | $294,906 | $0 | $20,610 | $0 | $32,492 | $0 | $234,234 | $0 | $26,872 | $0 | $609,114 | $0 | $0 |
| MARK WICKHAM | ||||||||||||||
| GENERAL COUNSEL | $0 | $218,828 | $0 | $28,682 | $0 | $13,470 | $0 | $37,310 | $0 | $28,824 | $0 | $327,114 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | THE COMPANY ALLOWS OFFICERS' SPOUSES TO ATTEND THE AFBF ANNUAL MEETING, COUNTY PRESIDENTS' INCENTIVE TRIP, AND THE NATIONAL AFFAIRS TRIP. THE EXPENSES OF THE SPOUSE ARE TAXED TO THE OFFICER AND INCLUDED IN THEIR FORM W-2, BOX 5. |
| PART I, LINE 3 | THE ORGANIZATION DOES NOT PROVIDE ANY COMPENSATION TO THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR. THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR DOES RECEIVE COMPENSATION FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING ITEMS/METHODS TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE. |
| PART I, LINE 4B | PART I, LINE 4B - THE COMPANY, THROUGH A WHOLLY-OWNED SUBSIDIARY OF ITS EXEMPT PARENT, PROVIDES A NONQUALIFIED, DEFINED CONTRIBUTION PLAN TO THE ORGANIZATION'S PRESIDENT. DUE TO HISTORICALLY SHORTER TENURE PERIODS FOR THIS POSITION, THE PRESIDENT TYPICALLY DOES NOT BENEFIT FROM THE DEFINED BENEFIT PLAN AVAILABLE TO ALL EMPLOYEES. ADDITIONALLY, THE COMPANY'S GENERAL COUNSEL WAS OFFERED A NONQUALIFIED, DEFINED CONTRIBUTION PLAN DUE TO LOSS OF RETIREMENT BENEFITS FROM A PREVIOUS EMPLOYER, ALSO AN AFFILIATE. INCOME INCLUDED IN COLUMN B(III) AMOUNTED TO $55,714 AND $135,000 RESPECTIVELY. |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| FARM BUREAU MANAGEMENT CORP | |||
| COMMON OFFICERS | $1,607,203 | ADMIN SERVICE, RENTS RECEIVED AND LEASE EXPENSE THE ORGANIZATION MAKES PAYMENTS TO FARM BUREAU MANAGEMENT CORPORATION (FBMC) FOR MANAGEMENT AND ADMINISTRATIVE SERVICES. THE FOLLOWING INDIVIDUALS WERE ALSO OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF FBMC: BRENT JOHNSON, PRESIDENT; MARTY SCHWAGER , SECRETARY/TREASURER AND EXECUTIVE DIRECTOR; MARK WICKHAM, GENERAL COUNSEL; AND JIM GARDNER, CHIEF FINANCIAL OFFICER. THE ORGANIZATION ALSO RECEIVES OFFICE SPACE LEASE REVENUE FROM FBMC UNDER A NONCANCELLABLE LEASE. ADDITIONALLY, THE ORGANIZATION MAKES SHORT TERM LEASE PAYMENTS FOR EQUIPMENT TO FBMC. SEE SCHEDULE R FOR ADDITIONAL DETAIL AND AMOUNTS BY TRANSACTION TYPE. | 0 |
| FBL FINANCIAL GROUP INC | |||
| COMMON OFFICERS AND DIRECTORS | $5,218,279 | ADMIN SERVICES & RENTS RECEIVED: THE ORGANIZATION MAKES PAYMENTS TO FBL FINANCIAL GROUP, INC. (FBL) FOR ADMINISTRATIVE SERVICES. THE FOLLOWING INDIVIDUALS WERE ALSO OFFICERS OR DIRECTORS OF FBL: BRENT JOHNSON, PRESIDENT; MARTY SCHWAGER, SECRETARY/TREASURER AND EXECUTIVE DIRECTOR; MARK WICKHAM, GENERAL COUNSEL. THE ORGANIZATION ALSO RECEIVES OFFICE SPACE LEASE REVENUE FROM FBL UNDER A NONCANCELLABLE LEASE. SEE SCHEDULE R FOR ADDITIONAL DETAIL AND AMOUNTS BY TRANSACTION TYPE. | 0 |
| IOWA FARM BUREAU FEDERATION | |||
| COMMON OFFICERS | $986,229 | RENTS RECEIVED: LINE 4 THE ORGANIZATION RECEIVES OFFICE SPACE LEASE REVENUE FROM IOWA FARM BUREAU FEDERATION (IFBF) UNDER A NONCANCELLABLE LEASE. THE FOLLOWING INDIVIDUALS WERE ALSO OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF IFBF: BRENT JOHNSON, PRESIDENT; MARTY SCHWAGER, SECRETARY/TREASURER AND EXECUTIVE DIRECTOR; MARK WICKHAM, GENERAL COUNSEL; AND JIM GARDNER, CHIEF FINANCIAL OFFICER. SEE SCHEDULE R. | 0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION UTILIZES A WHOLLY OWNED SUBSIDIARY OF ITS TAX-EXEMPT PARENT, FARM BUREAU MANAGEMENT CORPORATION, TO PROVIDE THE DAY TO DAY MANAGEMENT FUNCTION OF PMI. THIS CORPORATION EMPLOYS THE PRESIDENT, SECRETARY-TREASURER, GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER AND ALLOCATES THEIR EXPENSES ACROSS ALL OF THE ENTITIES UNDER FBMC MANAGEMENT. |
| FORM 990, PART VI, SECTION A, LINE 6 | PMI IS WHOLLY-OWNED BY IOWA FARM BUREAU FEDERATION, A TAX-EXEMPT ORGANIZATION UNDER 501(C)(5). |
| FORM 990, PART VI, SECTION A, LINE 7A | PER THE ARTICLES OF INCORPORATION, THE PRESIDENT, SECRETARY-TREASURER, GENERAL COUNSEL, AND CFO POSITIONS FOR IOWA FARM BUREAU FEDERATION ARE THE DIRECTORS FOR PMI. |
| FORM 990, PART VI, SECTION A, LINE 7B | BEING WHOLLY-OWNED BY IOWA FARM BUREAU FEDERATION, THE BOARD OF DIRECTORS OF IFBF ULTIMATELY CONTROL THE ACTIVITIES OF PMI. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE OFFICERS OF THE ORGANIZATION REVIEW THE COMPLETED FORM 990 FIRST. BEFORE THE BOARD MEETING WHERE APPROVAL IS AN AGENDA ITEM, AN ELECTRONIC VERSION OF THE 990 IS PLACED ON THE BOARD WEBSTIE FOR BOARD REVIEW PRIOR TO THE BOARD MEETING. AFTER ALL COMMENTS OR QUESTIONS HAVE BEEN ADDRESSED, THE EXECUTIVE DIRECTOR WILL SIGN THE RETURN AND INSTRUCT THE ACCOUNTING DEPARTMENT TO TIMELY FILE THE RETURN, TAKING INTO ACCOUNT ALL EXTENSIONS AND FILING DEADLINES. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A STATEMENT WHICH AFFIRMS THAT THEY HAVE: 1) RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2) READ AND UNDERSTOOD THE POLICY, 3) AGREED TO COMPLY WITH THE POLICY, AND 4) UNDERSTANDING THAT THE ORGANIZATION IS TAX-EXEMPT AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ITS TAX-EXEMPT PURPOSE. A COMMITTEE, COMPRISED OF NON-CONFLICTED BOARD OF DIRECTORS, ANNUALLY RECEIVES ALL CONFLICT OF INTEREST INFORMATION, REVIEWS, AND DETERMINES IF THERE ARE CONFLICTS OF INTEREST. THE COMMITTEE THEN REPORTS ITS FINDINGS BACK TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | INDEPENDENT THIRD PARTY REVIEWS ARE CONDUCTED FOR ALL OFFICERS, KEY EMPLOYEES, AND OTHER HIGHLY COMPENSATED MANAGEMENT. THESE RESULTS ARE FORWARDED TO THE OFFICERS AND BOARD OF DIRECTORS FOR APPROVAL. STANDARDIZED REVIEWS AND COMPENSATION FORMULAS ARE UTILIZED FOR NON-MANAGEMENT POSITIONS. THE INTERNAL STUDY COMMITTEE SETS THE PRESIDENT'S COMPENSATION AFTER INPUT FROM THIRD PARTY REVIEWERS. THE TAX-EXEMPT PARENT ORGANIZATION'S VOTING DELEGATES APPROVE THE PRESIDENT'S COMPENSATION. THE TAX EXEMPT PARENT ORGANIZATION'S BOARD OF DIRECTORS APPROVES THE SECRETARY-TREASURER, GENERAL COUNSEL AND VICE PRESIDENT'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION. |
| FORM 990 PART IX, LINE 8 - PENSION PLAN ACCRUALS & CONTRIBUTIONS | PENSION PLAN CONTRIBUTIONS INCLUDE THREE AMOUNTS: 1) DEFINED CONTRIBUTION PLAN CONTRIBUTIONS, 2) DEFINED BENEFIT PLAN FAS 87 AND FAS 132 ACCRUALS, AND 3) OTHER PENSION CHANGES AS REQUIRED BY FAS158. THE LATTER TWO ITEMS ARE ACTUARIAL CALCULATIONS THAT DO NOT REQUIRE CURRENT FUNDING AND SHOULD NOT BE DEEMED AS ACTUAL CONTRIBUTIONS. |
| FORM 990, PART XI, LINE 9: | NET INCOME PAYMENT TO EXEMPT PARENT PER TAX EXEMPTION REQUIREMENT 1,385,602. ISSUANCE OF CAPITAL STOCK IN EXCHANGE FOR CANCELLATION OF ACCOUNTS REC. 3,315,789. ROUNDING |
| FORM 990 PART XII, LINE 2C - AUDIT & BUDGET COMMITTEE | THE ORGANIZATION'S AUDIT AND BUDGET COMMITTEE ONLY OVERSEES THE BUDGET AND THE AUDIT OF THE FINANCIAL STATEMENTS. THE COMMITTEE DOES NOT SELECT THE AUDITOR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IOWA FARM BUREAU FEDERATION | |||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 420331840 | FARM MEMBERSHIP ORGANIZATION | IA | 501(C)(5) | N/A | N/A | Yes (1) | |
| IOWA FARM BUREAU FOUNDATION | |||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 421370988 | PUBLIC CHARITY | IA | 501(C)(3) | LINE 10 | Yes (1) | IOWA FARM BUREAU FEDERATION | |
| IOWA WETLAND MITIGATION BANK INC | |||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 421511433 | ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION | IA | 501(C)(3) | LINE 10 | Yes (1) | IOWA FARM BUREAU FEDERATION | |
| IOWANS FOR AGRICULTURE | |||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 205548927 | POLITICAL ORGANIZATION | IA | 527 | N/A | Yes (1) | IOWA FARM BUREAU FEDERATION | |
| IOWA FARM BUREAU POLITICAL ACTION COMITEE | |||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 421285209 | POLITICAL ACTION COMMITTEE | IA | 527 | N/A | Yes (1) | IOWA FARM BUREAU FEDERATION | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|---|
| RURAL VITALITY FUND LP | ||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 260518384 | INVESTMENT FUND | IA | IOWA FARM BUREAU FEDERATION | INVESTMENT IRC 512 | Yes (1) | 0 |
| RURAL VITALITY FUND LP | ||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 260518384 | INVESTMENT FUND | IA | IOWA FARM BUREAU FEDERATION | INVESTMENT IRC 512 | Yes (1) | 0 |
| RURAL VITALITY FUND II LP | ||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 473043009 | INVESTMENT FUND | IA | IOWA FARM BUREAU FEDERATION | INVESTMENT IRC 512 | Yes (1) | 0 |
| RURAL VITALITY FUND II LP | ||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 473043009 | INVESTMENT FUND | IA | IOWA FARM BUREAU FEDERATION | INVESTMENT IRC 512 | Yes (1) | 0 |
| FB PROPERTY HOLDINGS LLC | ||||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 863227570 | INVESTMENT FUND | IA | IOWA FARM BUREAU FEDERATION | INVESTMENT IRC 512 | Yes (1) | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| FARM BUREAU MANAGEMENT CORPORATION | |||||||||
| 5400 UNVERSITY AVE | WEST DES MOINES | IA | 50266 | 420686922 | MANAGEMENT SERVICES COMPANY | IA | IOWA FARM BUREAU FEDERATION | C | Yes (1) |
| FBL FINANCIAL GROUP INC | |||||||||
| 5400 UNVERSITY AVE | WEST DES MOINES | IA | 50266 | 421411715 | INSURANCE SERVICES HOLDING COMPANY | IA | IOWA FARM BUREAU FEDERATION | C | Yes (1) |
| CFB SERVICE COMPANY | |||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 463380542 | ACCOUNTING SERVICES | IA | IOWA FARM BUREAU FEDERATION | C | Yes (1) |
| FARM BUREAU HEALTH BENEFIT PLAN LLC | |||||||||
| 5400 UNIVERSITY AVE | WEST DES MOINES | IA | 50266 | 855484835 | HEALTH BENEFIT PLAN | IA | IOWA FARM BUREAU FEDERATION | C | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (7 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| IOWA FARM BUREAU FEDERATION | ||
| A | $986,229 | COMPARABLE SALES |
| IOWA FARM BUREAU FEDERATION | ||
| R | -$4,701,391 | COST |
| FARM BUREAU MANAGEMENT CORPORATION | ||
| A | $781,898 | COMPARABLE SALES |
| FARM BUREAU MANAGEMENT CORPORATION | ||
| K | $446,147 | COMPARABLE SALES |
| FARM BUREAU MANAGEMENT CORPORATION | ||
| M | $379,158 | COMPARABLE SALES |
| FBL FINANCIAL GROUP INC | ||
| A | $5,080,607 | COMPARABLE SALES |
| FBL FINANCIAL GROUP INC | ||
| M | $137,672 | COST |