Madison County Farm Bureau
EIN: 470424475 · Norfolk, NE
| Metric | Value |
|---|---|
| Total Expenses | $102K |
| Net Assets | $39K |
Is Madison County Farm Bureau Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Madison County Farm Bureau
Madison County Farm Bureau (EIN: 470424475) is a nonprofit organization based in Norfolk, NE. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Madison County Farm Bureau's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Madison County Farm Bureau is a micro nonprofit that has been operating for 55 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $102K |
| Surplus / Deficit | $-4,696 |
| Total Assets | $41K |
| Total Liabilities | $2K |
| Net Assets | $39K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 4.8 months |
Financial Health Grade: B
In 2021, Madison County Farm Bureau reported a deficit of $5K with expenses exceeding revenue, holds 4.8 months of operating reserves (adequate), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Madison County Farm Bureau's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -17.3% | -16.2% | -10.4% |
| 2020 | -0.5% | +1.6% | -7.7% |
| 2019 | +1.4% | -0.4% | -3.1% |
| 2018 | +2.5% | +2.9% | -7.4% |
| 2017 | +4.5% | -2.2% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Madison County Farm Bureau has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Madison County Farm Bureau with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Frequently Asked Questions about Madison County Farm Bureau
Is Madison County Farm Bureau a legitimate charity?
Madison County Farm Bureau (EIN: 470424475) is a registered tax-exempt nonprofit based in Nebraska. It has 11 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Madison County Farm Bureau spend its money?
Madison County Farm Bureau reported its financials in IRS 990 filings. 11 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Madison County Farm Bureau tax-deductible?
Madison County Farm Bureau is registered as a tax-exempt nonprofit (EIN: 470424475). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Madison County Farm Bureau located?
Madison County Farm Bureau is headquartered in Norfolk, Nebraska and files with the IRS under EIN 470424475.
How many years of IRS 990 filings does Madison County Farm Bureau have?
Madison County Farm Bureau has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Madison County Farm Bureau showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Madison County Farm Bureau's revenue has grown by 22.1%, moving from $80K to $97K. Total assets decreased by 39.9% over the same period, from $68K to $41K. Total functional expenses rose by 35.9%, from $75K to $102K. In its most recent filing year (2021), Madison County Farm Bureau reported a deficit of $5K, with expenses exceeding revenue. The organization holds $2K in liabilities against $41K in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $39K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $97K | $102K | $41K | $2K | — | — |
| 2020 | $118K | $122K | $45K | $2K | — | View 990 |
| 2019 | $119K | $120K | $49K | $2K | — | View 990 |
| 2018 | $117K | $120K | $51K | $2K | — | View 990 |
| 2017 | $114K | $117K | $55K | $2K | — | — |
| 2016 | $109K | $120K | $58K | $2K | — | View 990 |
| 2015 | $104K | $98K | $67K | $1K | — | View 990 |
| 2014 | $104K | $110K | $62K | $2K | — | View 990 |
| 2013 | $86K | $86K | $67K | $1K | — | View 990 |
| 2012 | $80K | $81K | $67K | $968 | — | View 990 |
| 2011 | $80K | $75K | $68K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $97K, expenses of $102K, and assets of $41K (revenue -17.3% year-over-year).
- 2020: Revenue of $118K, expenses of $122K, and assets of $45K (revenue -0.5% year-over-year).
- 2019: Revenue of $119K, expenses of $120K, and assets of $49K (revenue +1.4% year-over-year).
- 2018: Revenue of $117K, expenses of $120K, and assets of $51K (revenue +2.5% year-over-year).
- 2017: Revenue of $114K, expenses of $117K, and assets of $55K (revenue +4.5% year-over-year).
- 2016: Revenue of $109K, expenses of $120K, and assets of $58K (revenue +5.2% year-over-year).
- 2015: Revenue of $104K, expenses of $98K, and assets of $67K (revenue -0.2% year-over-year).
- 2014: Revenue of $104K, expenses of $110K, and assets of $62K (revenue +21.5% year-over-year).
- 2013: Revenue of $86K, expenses of $86K, and assets of $67K (revenue +6.5% year-over-year).
- 2012: Revenue of $80K, expenses of $81K, and assets of $67K (revenue +0.6% year-over-year).
- 2011: Revenue of $80K, expenses of $75K, and assets of $68K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Madison County Farm Bureau:
Data Sources and Methodology
This transparency report for Madison County Farm Bureau is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.