Overview
What is Illinois Farm Business Farm Management Association?
The Illinois Farm Business Farm Management Association, located at 1101 WEST PEABODY DR 165, Urbana, Illinois, is a nonprofit organization dedicated to educating farm operators in essential business analysis and accounting skills. With a team of 260 employees, they strive to enhance the financial management capabilities of farmers, ultimately contributing to the long-term success of their operations. This organization's mission is centered around delivering valuable business training to help farmers make informed decisions and navigate the complexities of managing a farm business.
Official website here: www.fbfm.org
What are the reviews and ratings of this charity?
The Illinois Farm Business Farm Management Association does not currently have a rating on Charity Navigator. This absence of a rating is not necessarily indicative of either a positive or negative evaluation, but rather reflects that the organization has not been assessed due to its non-501(c)(3) status, which is a requirement for a full analysis.
Charity Navigator typically evaluates nonprofits based on factors such as Accountability & Finance, Impact & Measurement, and others. However, these cannot be applied to this organization, as it is not registered as a 501(c)(3) nonprofit. This limits the available information, particularly regarding the financials and possible salaries of key persons within the association.
There are no user reviews available on GreatNonprofits for this organization, which further limits the insight into public opinion or feedback regarding their services or impact. As such, potential stakeholders may need to seek alternative sources or direct information from the organization for a comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Farm Business Farm Management Association legitimate?
Illinois Farm Business Farm Management Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. Illinois Farm Business Farm Management Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,021,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,406,173
For more financial information, click here
Official website here: www.fbfm.org
What is the mission statement of Illinois Farm Business Farm Management Association?
The Illinois Farm Business Farm Management Association focuses on imparting essential business analysis and accounting skills to farmers. Their mission is geared towards empowering farm operators with the necessary knowledge to effectively manage their agricultural businesses. Through various teaching methods, they aim to enhance the financial literacy and managerial abilities of farmers. By providing hands-on training and practical tools, they enable farmers to make informed decisions and ensure the sustainability and profitability of their operations.
Official website here: www.fbfm.org
Who is the CEO of Illinois Farm Business Farm Management Association?
Bob Rhea is the President of Illinois Farm Business Farm Management Association. The CEO's salary of Illinois Farm Business Farm Management Association is $220,195 and their total compensation is $245,206.
Official website here: www.fbfm.org
What is the revenue of Illinois Farm Business Farm Management Association?
Illinois Farm Business Farm Management Association's revenue in 2023 was $17,094,430.
Official website here: www.fbfm.org
Who are the executives of Illinois Farm Business Farm Management Association and what are their salaries?
The average compensation at Illinois Farm Business Farm Management Association during 2023 was $40,108. There are 260 employees at Illinois Farm Business Farm Management Association.
Here are 21 key members and their salaries (Illinois Farm Business Farm Management Association's CEO's salary is $220,195 and their total compensation is $245,206):
- Compensation: $4,636
- Related: $0
- Other: $0
- Compensation: $4,646
- Related: $0
- Other: $0
- Compensation: $5,626
- Related: $0
- Other: $0
- Compensation: $5,199
- Related: $0
- Other: $0
- Compensation: $4,410
- Related: $0
- Other: $0
- Compensation: $4,672
- Related: $0
- Other: $0
- Compensation: $4,144
- Related: $0
- Other: $0
- Compensation: $1,610
- Related: $0
- Other: $0
- Compensation: $1,264
- Related: $0
- Other: $0
- Compensation: $1,708
- Related: $0
- Other: $0
- Compensation: $5,423
- Related: $0
- Other: $0
- Compensation: $4,532
- Related: $0
- Other: $0
- Compensation: $4,140
- Related: $0
- Other: $0
- Compensation: $3,446
- Related: $0
- Other: $0
- Compensation: $220,195
- Related: $0
- Other: $25,011
- Compensation: $190,290
- Related: $0
- Other: $23,442
- Compensation: $268,644
- Related: $0
- Other: $18,846
- Compensation: $136,283
- Related: $0
- Other: $18,331
- Compensation: $151,124
- Related: $0
- Other: $20,253
- Compensation: $130,833
- Related: $0
- Other: $9,198
- Compensation: $129,370
- Related: $0
- Other: $18,434
Official website here: www.fbfm.org
Where can I find the form 990 for Illinois Farm Business Farm Management Association?
Illinois Farm Business Farm Management Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fbfm.org
Learn more at the official website: www.fbfm.org
Mission Statement of Illinois Farm Business Farm Management Association
Illinois Farm Business Farm Management Association, with its mission, focuses on imparting essential business analysis and accounting skills to farm operators. The organization takes a proactive role in enhancing the financial literacy of farmers, enabling them to effectively manage their agricultural businesses. By providing comprehensive training, Illinois Farm Business Farm Management Association empowers farm operators to make informed decisions and navigate the complexities of agricultural finance.
The Association's role extends beyond just teaching technical skills. Through its expert guidance and resources, it encourages a culture of financial responsibility among farmers. By improving their understanding of business principles and financial management, Illinois Farm Business Farm Management Association enables farmers to build sustainable and profitable agricultural businesses.
Moreover, the Association's commitment to empowering farmers goes beyond the realm of pure business. By fostering a strong financial foundation, it helps farmers secure their livelihoods and create a stable future for their families and communities. The Association's mission is a vital step towards ensuring the long-term success of farming operations in Illinois and beyond.
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Impact
October, 2024
The Illinois Farm Business Farm Management Association significantly impacts the agricultural sector by equipping farm operators with essential business analysis and accounting skills. By focusing on education and practical training, the association helps farmers improve their financial management, make informed decisions, and enhance the overall profitability of their operations. As a result, its efforts contribute to the sustainability and growth of farms across Illinois, fostering a more robust agricultural community. The association's work ultimately supports the broader food system by ensuring farmers can effectively navigate the complexities of modern agricultural economics.
This information is meant to be a general summary of Illinois Farm Business Farm Management Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $212,121
- Program Service Revenue: $435,692
- Gross Receipts: $17,113,366
Assets and Liabilities:
- Total Assets: $16,138,094
- Total Liabilities: $4,582,317
- Net Assets: $11,555,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER INCOME
Revenue
$435,692
Organization Details
Founding Year
1969
Phone
(217) 333-5511Principal Officer
Bob Rhea
Main Address
1101 WEST PEABODY DR 165, URBANA, IL, 61801
Website
www.fbfm.orgNTEE Category
Code: K20 - Food
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