2023-09-14T09:21:56-05:00 2022-10-31 420731256 MERIWETHER WILSON AND COMPANY PLLC 4500 WESTOWN PARKWAY SUITE 140 WEST DES MOINES IA 502666717 990 2021-11-01 421472056 IFBF PROPERTY MANAGEMENT INC IFBF 5152255400 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 MARTY SCHWAGER VP & SECRETARY 5152255400 2023-09-05 1 MARTY SCHWAGER 999009999 JONATHAN MAAHS P01536301 5152230002 2023-09-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MARTY SCHWAGER 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 23690878 0 X N/A X 1998 IA A TITLE HOLDING CORPORATION. 4 0 49 0 0 0 0 0 13552290 14229851 7913293 3542477 828069 373144 22293652 18145472 0 0 0 0 2702564 2493897 0 0 0 6252074 6967021 8954638 9460918 13339014 8684554 79758267 72856551 21892608 11675103 57865659 61181448 A TITLE HOLDING CORPORATION. 0 0 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 8 0 1 49 1 1 1 0 0 0 0 0 0 0 0 0 X 4 0 0 1 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X JAMES GARDNER CFO 5152255400 5400 UNIVERSITY AVE W DES MOINES IA 502665997 CRAIG HILL PRESIDENT (12/21) 1.00 49.00 X X 0 542271 92462 JAMES GARDNER VICE PRESIDENT OF FINANCE 5.00 45.00 X X 0 422786 225459 MARTY SCHWAGER VICE PRESIDENT & SECRETARY 2.00 48.00 X X 0 348008 261106 EDWARD PARKER GENERAL COUNSEL (8/22) 2.00 58.00 X X 0 828538 345075 BRENT JOHNSON PRESIDENT 1.00 49.00 X X 0 63266 0 MARK WICKHAM GENERAL COUNSEL 2.00 58.00 X X 0 260980 66134 DUANE JOHNSON FORMER VICE PRESIDENT & SE 0.00 X 0 2841208 680056 0 5307057 1670292 0 1 1 0 NEUMANN BROTHERS INC PO BOX 1315 DES MOINES IA 50305 CONSTRUCTION GENERAL CONTRACTOR 6427979 BROOKS BORG SKILES ARCHITECTURE ENGINEER 219 8TH ST SUITE 100 DES MOINES IA 50309 ARCHITECTURAL & ENGINEERING SERVICES 1110473 SECURITAS SECURITY SERVICES USA INC 12672 COLLECTIONS CENTER DR CHICAGO IL 60693 BUILDING SECURITY CONTRACTOR 293134 DISCIPLINED GROWTH INVESTORS INC 150 S 5TH ST SUITE 2550 MINNEAPOLIS MN 55402 INVESTMENT ADVISORY SERVICE 210156 MMC CONTRACTORS IOWA INC 5000 PARK AVE DES MOINES IA 50321 CONSTRUCTION CONTRACTOR 144289 6 TITLE HOLDING CO. RENTAL INC 531120 14229851 0 14229851 14229851 322869 322869 5486868 3278146 2171080 3374326 3315788 -96180 3219608 3219608 PENSION PLAN RELATED CHANGES OTHE 900099 363305 363305 9839 9839 373144 18145472 373144 0 17772328 X 1642869 239039 484690 127299 39732 34911 243088 181233 137672 474594 72195 4214824 38383 1397859 109467 DUES AND SUBSCRIPTIONS 20251 INCOME TAX EXPENSE 2812 9460918 1255758 1788271 366580 7399 1122102 117061 67092 70407068 26997341 40100067 43409727 36090748 27084771 398963 806279 79758267 72856551 21892608 11641752 0 33351 21892608 11675103 X 57865659 61181448 0 0 0 0 57865659 61181448 79758267 72856551 X 8684554 -10070156 4701391 X X 0 1 X 0 0 3198095 3198095 59625002 24761104 34863898 4053379 2236237 1817142 3530592 3530592 43409727 CHECKS IN EXCESS 33351 33351 18145472 0 18145472 0 18145472 9460918 0 9460918 0 9460918 X 1 1 0 1 0 DUANE JOHNSON FORMER VICE PRESIDENT & SE 0 204613 0 164556 0 2472039 0 662893 0 17163 0 3521264 0 2424859 EDWARD PARKER GENERAL COUNSEL (8/22) 0 470932 0 164635 0 192971 0 321290 0 23785 0 1173613 0 0 JAMES GARDNER VICE PRESIDENT OF FINANCE 0 299016 0 81988 0 41782 0 201130 0 24329 0 648245 0 0 CRAIG HILL PRESIDENT (12/21) 0 240024 0 161972 0 140275 0 70712 0 21750 0 634733 0 0 MARTY SCHWAGER VICE PRESIDENT & SECRETARY 0 294906 0 20610 0 32492 0 234234 0 26872 0 609114 0 0 MARK WICKHAM GENERAL COUNSEL 0 218828 0 28682 0 13470 0 37310 0 28824 0 327114 0 0 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. FARM BUREAU MANAGEMENT CORP COMMON OFFICERS 1607203 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 5218279 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 986229 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 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. IOWA FARM BUREAU FEDERATION 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 420331840 FARM MEMBERSHIP ORGANIZATION IA 501(C)(5) N/A N/A 1 IOWA FARM BUREAU FOUNDATION 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 421370988 PUBLIC CHARITY IA 501(C)(3) LINE 10 IOWA FARM BUREAU FEDERATION 1 IOWA WETLAND MITIGATION BANK INC 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 421511433 ENVIRONMENTAL QUALITY PROTECTION, BEAUTIFICATION IA 501(C)(3) LINE 10 IOWA FARM BUREAU FEDERATION 1 IOWANS FOR AGRICULTURE 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 205548927 POLITICAL ORGANIZATION IA 527 N/A IOWA FARM BUREAU FEDERATION 1 IOWA FARM BUREAU POLITICAL ACTION COMITEE 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 421285209 POLITICAL ACTION COMMITTEE IA 527 N/A IOWA FARM BUREAU FEDERATION 1 RURAL VITALITY FUND LP 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 260518384 INVESTMENT FUND IA IOWA FARM BUREAU FEDERATION INVESTMENT IRC 512 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 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 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 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 1 0 FARM BUREAU MANAGEMENT CORPORATION 5400 UNVERSITY AVE WEST DES MOINES IA 50266 420686922 MANAGEMENT SERVICES COMPANY IA IOWA FARM BUREAU FEDERATION C 1 FBL FINANCIAL GROUP INC 5400 UNVERSITY AVE WEST DES MOINES IA 50266 421411715 INSURANCE SERVICES HOLDING COMPANY IA IOWA FARM BUREAU FEDERATION C 1 CFB SERVICE COMPANY 5400 UNIVERSITY AVE WEST DES MOINES IA 50266 463380542 ACCOUNTING SERVICES IA IOWA FARM BUREAU FEDERATION C 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 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 0 IOWA FARM BUREAU FEDERATION A 986229 COMPARABLE SALES IOWA FARM BUREAU FEDERATION R -4701391 COST FARM BUREAU MANAGEMENT CORPORATION A 781898 COMPARABLE SALES FARM BUREAU MANAGEMENT CORPORATION K 446147 COMPARABLE SALES FARM BUREAU MANAGEMENT CORPORATION M 379158 COMPARABLE SALES FBL FINANCIAL GROUP INC A 5080607 COMPARABLE SALES FBL FINANCIAL GROUP INC M 137672 COST