Form990


Department of the TreasuryInternal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations)
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MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
A For the 2021 calendar year, or tax year beginning 09-01-2022 , and ending 08-31-2023
BCheck if applicable:
CName of organization
Illinois Agricultural Association
 
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
1701 Towanda Avenue
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Bloomington, IL61702
D Employer identification number

37-0809856
E Telephone number

G Gross receipts $ 116,758,645
F Name and address of principal officer:
 
1701 Towanda Avenue
Bloomington,IL61702
I
Tax-exempt status: ( 5 ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.ilfb.org
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. See instructions.
H(c)
Group exemption number MediumBullet  
K Form of organization:  
L Year of formation: 1928
M State of legal domicile: IL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: To improve the economic well-being of agriculture and enrich the quality of farm family life by educating and disseminating agricultural information to members and others in such areas as finance, economics and governmental policy.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 20
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 0
5 Total number of individuals employed in calendar year 2021 (Part V, line 2a) ...... 5 405
6 Total number of volunteers (estimate if necessary) ............. 6 8,000
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 19,834,552
b Net unrelated business taxable income from Form 990-T, Part I, line 11 ......... 7b  
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 3,500 3,500
9 Program service revenue (Part VIII, line 2g) ......... 5,304,283 5,223,642
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 22,046,684 21,887,484
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 29,659,756 31,881,297
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12) 57,014,223 58,995,923
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 2,766,107 3,028,740
14 Benefits paid to or for members (Part IX, column (A), line 4).....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 34,720,986 36,821,616
16a Professional fundraising fees (Part IX, column (A), line 11e) .....   0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 18,226,633 18,823,073
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 55,713,726 58,673,429
19 Revenue less expenses. Subtract line 18 from line 12....... 1,300,497 322,494
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 65,928,010 65,650,666
21 Total liabilities (Part X, line 26)............. 7,126,168 6,526,330
22 Net assets or fund balances. Subtract line 21 from line 20..... 58,801,842 59,124,336
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2021)
Form 990 (2021)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III..............
1
Briefly describe the organization’s mission: To improve the economic well-being of agriculture and enrich the quality of farm family life by educating and disseminating agricultural information to members and others in such areas as finance, economics and governmental policy.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? .....................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ...........................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 13,431,914 including grants of $ 3,028,740 ) (Revenue $ 3,691,723 )
General Member Services- These services include providing county, regional and state levels with information, education, organizational and management tools to assist in their handling of agricultural issues and the promotion of agriculture.
4b (Code:   ) (Expenses $ 4,871,405 including grants of $   ) (Revenue $ 22,201 )
Governmental Affairs - this service area monitors agency activities and legislative initiatives affecting members at all levels and seeks to educate and inform stakeholders at all levels towards building a more productive, efficient, and competitive agricultural sector for our members.
4c (Code:   ) (Expenses $ 2,595,803 including grants of $   ) (Revenue $   )
General information - Market information, weather, crop conditions, regulatory, financial, organizational and political news on issues of interest to our members is provided through radio broadcasts, posted on our internet website, and through publications. The information assists members in making business decisions, participating in organization events, and their understanding of issues impacting members of our organization.
4d Other program services (Describe in Schedule O.)
(Expenses $ 1,749,731 including grants of $   ) (Revenue $ 7,400 )
4e Total program service expensesMediumBullet22,648,853
Form 990 (2021)
Form 990 (2021)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A.....................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors? See instructions. ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I.............
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II.........
4
 
 
5
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 Rev. Proc. 98-19? If "Yes," complete Schedule C, Part III..
5
 
No
6
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? If "Yes," complete Schedule D, Part IClick to see attachment
List of Attached Documents:
// Content
.........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment
List of Attached Documents:
// Content
....
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes,"
complete Schedule D, Part IIIClick to see attachment
List of Attached Documents:
// Content
..............
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment
List of Attached Documents:
// Content
..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi endowments? If "Yes," complete Schedule D, Part VClick to see attachment
List of Attached Documents:
// Content
......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X, as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10? If "Yes," complete
Schedule D, Part VI. Click to see attachment
List of Attached Documents:
// Content
...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment
List of Attached Documents:
// Content
.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment
List of Attached Documents:
// Content
.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment
List of Attached Documents:
// Content
............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11e
Yes
 
f
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)? If "Yes," complete Schedule D, Part XClick to see attachment
List of Attached Documents:
// Content
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete
Schedule D, Parts XI and XIIClick to see attachment
List of Attached Documents:
// Content
......................
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
List of Attached Documents:
// Content
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States? .....
14a
 
No
b
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? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV.....
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I. See instructions. ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.....Click to see attachment
List of Attached Documents:
// Content
21
Yes
 
Form 990 (2021)
Form 990 (2021)
Page 4
Part IV
Checklist of Required Schedules (continued)
Yes
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........Click to see attachment
List of Attached Documents:
// Content
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
List of Attached Documents:
// Content
23
Yes
 
24a
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? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a...............
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I ....
25a
 
 
b
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? If "Yes," complete Schedule L, Part I.......................
25b
 
 
26
Did the organization report any amount on Part X, line 5 or 22 for receivables from or payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part II...........
26
 
No
27
Did the organization provide a grant or other assistance to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or employee thereof, a grant selection committee member, or to a 35% controlled entity (including an employee thereof) or family member of any of these persons?
If "Yes," complete
Schedule L, Part III.........................
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see the Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, key employee, creator or founder, or substantial contributor? If "Yes," complete Schedule L, Part IV......................
28a
 
No
b
A family member of any individual described in line 28a? If "Yes," complete Schedule L, Part IV.....
28b
 
No
c
A 35% controlled entity of one or more individuals and/or organizations described in line 28a or 28b? If "Yes," complete Schedule L, Part IV.....................
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M .................
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II........................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I............Click to see attachment
List of Attached Documents:
// Content
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1.........................Click to see attachment
List of Attached Documents:
// Content
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ...Click to see attachment
List of Attached Documents:
// Content
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
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? If "Yes," complete Schedule R, Part VIClick to see attachment
List of Attached Documents:
// Content
37
 
No
38
Did the organization complete Schedule O and provide explanations on Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........
Yes
No
1a
Enter the number reported in box 3 of Form 1096. Enter -0- if not applicable ..
1a
130
b
Enter the number of Forms W-2G included on line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
Form 990 (2021)
Form 990 (2021)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance (continued)
2a
Enter 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 ..................
2a
405
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. See instructions.
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
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)? ..
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
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? ...
6a
Yes
 
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................
6b
Yes
 
7
Organizations that may receive deductible contributions under section 170(c).
a
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? ....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided? .....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds. Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? ........
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the sponsoring organization make any taxable distributions under section 4966?........
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources. (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state? .........
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
15
Is the organization subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or excess parachute payment(s) during the year? ....................
If "Yes," see the instructions and file Form 4720, Schedule N.
15
 
No
16
Is the organization an educational institution subject to the section 4968 excise tax on net investment income? ..
If "Yes," complete Form 4720, Schedule O.
16
 
No
17
Section 501(c)(21) organizations. Did the trust, any disqualified person, or mine operator engage in any activities that would result in the imposition of an excise tax under section 4951, 4952, or 4953? ..
If "Yes," complete Form 6069.
17
 
 
Form 990 (2021)
Form 990 (2021)
Page 6
Part VI
Governance, Management, and Disclosure. For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year
1a
20
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent
1b
0
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? .
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .......................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe on Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe on Schedule O how this was done...................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process on Schedule O. See instructions.
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the states with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (1024 or 1024-A, if applicable), 990, and 990-T (section 501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletAlan Dodds1701 Towanda Avenue   Bloomington,IL61702 (309) 557-2275
Form 990 (2021)
Form 990 (2021)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See the instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (box 5 of Form W-2, Form 1099-MISC, and/or box 1 of Form 1099-NEC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

See the instructions for the order in which to list the persons above.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) Jim Jacobs......................................................................
CEO COUNTRY FINANCIAL
 0.00
.................
40.00 		            0 1,993,647 438,087
(2) Jennifer Vance......................................................................
General Counsel
 40.00
.................
0.50 		    X       657,038 0 162,178
(3) Alan Dodds......................................................................
VP Fin. & Treas
 40.00
.................
0.50 		    X       429,061 0 110,369
(4) Mark Gebhards......................................................................
Director of Govermental Affairs
 40.00
.................
0.00 		            423,605 0 114,364
(5) Chris Magnuson......................................................................
Director of News and Communication
 40.00
.................
0.00 		            361,129 0 99,444
(6) Richard Guebert......................................................................
President
 40.00
.................
1.00 		X   X       442,030 0 11,586
(7) Andrew Bender......................................................................
Ass't Secretary
 40.00
.................
0.50 		    X       353,695 0 99,244
(8) Mike Hodge......................................................................
Ex Dir of Member Services and PR
 40.00
.................
0.00 		            314,597 0 85,892
(9) Lyn Potts......................................................................
Assoc. Dep. Coun.
 40.00
.................
0.00 		            291,110 0 86,370
(10) Ron White......................................................................
Assoc. Dep. Coun.
 40.00
.................
0.00 		            285,020 0 79,208
(11) Matthew Jontry......................................................................
Ass't Secretary
 40.00
.................
0.00 		    X       285,698 0 66,469
(12) Laura Harmon......................................................................
Ass't Secretary
 40.00
.................
0.50 		    X       259,118 0 79,370
(13) Brian Cahill......................................................................
Senior Counsel
 40.00
.................
0.00 		            245,753 0 58,299
(14) Kristen Kroger......................................................................
Associate Counsel
 40.00
.................
0.00 		            233,101 0 55,183
(15) Vince Sampson......................................................................
Dir. of Info Mgt.
 40.00
.................
0.00 		            221,114 0 58,413
(16) Geneva Aberle......................................................................
Controller
 40.00
.................
0.50 		    X       177,728 0 60,400
(17) Brian Duncan......................................................................
Vice President
 20.00
.................
0.50 		X   X       53,876 78,000 0
Form 990 (2021)
Form 990 (2021)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC) 		(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) Kirstin Kaisner........................................................................
Ass't Secretary
 40.00
.......................0.50 		    X       91,630 0 40,173
(19) Elaine Thacker........................................................................
Ass't Secretary
 40.00
.......................0.50 		    X       106,283 0 25,501
(20) Tim Smith........................................................................
Ass't Controller
 0.00
.......................0.00 		            83,758 0 32,007
(21) Kenton Thomas........................................................................
Director
 6.00
.......................0.50 		X           18,122 78,000 0
(22) Steven Stallman........................................................................
Director
 6.00
.......................0.50 		X           14,738 78,000 0
(23) Earl Williams Jr........................................................................
Director
 6.00
.......................0.50 		X           13,894 78,000 0
(24) Jeff Kirwan........................................................................
Director
 6.00
.......................0.50 		X           12,982 78,000 0
(25) Larry Miller........................................................................
Director
 6.00
.......................0.50 		X           12,858 78,000 0
(26) Gary Speckhart........................................................................
Director
 6.00
.......................0.50 		X           12,315 78,000 0
(27) Ken Cripe........................................................................
Director
 6.00
.......................0.50 		X           12,243 78,000 0
(28) Robert Klemm........................................................................
Director
 6.00
.......................0.50 		X           11,705 78,000 0
(29) Mark Tuttle........................................................................
Director
 6.00
.......................0.50 		X           9,456 78,000 0
(30) Tammy Halterman........................................................................
Director
 6.00
.......................0.50 		X           9,029 78,000 0
(31) Robert Fecht........................................................................
Director
 6.00
.......................0.50 		X           6,828 78,000 0
(32) Mark Reichert........................................................................
Director
 6.00
.......................0.50 		X           1,368 78,000 0
(33) Steve Koeller........................................................................
Director
 6.00
.......................0.50 		X           11,745 62,400 0
(34) Richard Carroll........................................................................
Director
 6.00
.......................0.50 		X           10,258 62,400 0
(35) Keith Mussman........................................................................
Director
 6.00
.......................0.50 		X           9,030 62,400 0
(36) Don Meyer........................................................................
Director
 6.00
.......................0.50 		X           7,893 62,400 0
(37) Larry Dallas........................................................................
Director
 6.00
.......................0.50 		X           6,609 62,400 0
(38) Brad Daugherty........................................................................
Director
 6.00
.......................0.00 		X           5,803 62,400 0
(39) Evan Severson........................................................................
Asst Controller
 40.00
.......................0.00 		    X       32,396 0 9,633
(40) Brent Pollard........................................................................
Director
 6.00
.......................0.00 		X           0 0 0
(41) Jeff Weber........................................................................
Director
 6.00
.......................0.00 		X           0 0 0
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)...........MediumBullet 5,534,616 3,382,047 1,772,190
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet16
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
Commerce Bank - Commercial Cards

PO Box 411036
Kansas City,MO64141 		Financial Services 1,255,267
Journal Communications Inc

6550 Carothers Parkway Suite 420
Franklin,TN37067 		Printing 669,340
P&P Press

6513 N Galena Road
Peoria,IL61614 		Printing 1,281,733
4M Building Solutions

2827 Clark Ave
St Louis,MO63103 		Cleaning Service 727,802
Henson Robinson Co

PO Box 13137
Springfield,IL62791 		Contractor 645,465
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet5
Form 990 (2021)
Form 990 (2021)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII.............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512 - 514
Contributions, Gifts, Grants, and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues..1b  
c Fundraising events..1c  
d Related organizations1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and similar amounts not included above1f 3,500
g Noncash contributions included in lines 1a - 1f:$ 1g  
h Total. Add lines 1a-1f.......MediumBullet 3,500
Program Service RevenueAmt Business Code
2a Leadership & Comm. Confer   186,176 186,176    
b Membership Dues & Assessments   4,518,669 4,518,669    
c Program Sponsorships   427,278 427,278    
d RIMSAP   91,519 91,519    
e
f All other program service revenue.        
g Total. Add lines 2a–2f .....MediumBullet 5,223,642
OtherAmtRevenueAmt 3 Investment income (including dividends, interest, and othersimilar amounts) ......MediumBullet 21,126,675     21,126,675
4 Income from investment of tax-exempt bond proceedsMediumBullet 0      
5 Royalties...........MediumBullet 11,695,874     11,695,874
(ii) Personal (i) Real
6a Gross rents   8,531,154 6a
b Less: rental expenses   7,931,154 6b
c Rental income or (loss)   600,000 6c
d Net rental income or (loss).......MediumBullet 600,000   285,476 314,524
(ii) Other (i) Securities
7a Gross amount from sales of assets other than inventory   50,307,545 7a
b Less: cost or other basis and sales expenses 26,291 49,520,445 7b
c Gain or (loss) -26,291 787,100 7c
d Net gain or (loss).........MediumBullet 760,809   -337 761,146
8a Gross income from fundraising events (not including $   of contributions reported on line 1c). See Part IV, line 18 ....
8a  
b Less: direct expenses ... 8b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
9a  
b Less: direct expenses ... 9b  
c Net income or (loss) from gaming activities..MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances ..
10a 280,392
b Less: cost of goods sold .. 10b 284,832
c Net income or (loss) from sales of inventory..MediumBullet -4,440   -4,440  
Business Code Miscellaneous Revenue
11a Classified Ad Income   2,425,521   2,425,521  
b Fees for Admin Support Services   735,773   735,773  
c Fees for Services   15,222,061   15,222,061  
d All other revenue .... 1,206,508 36,010 1,170,498  
e Total. Add lines 11a–11d ...... MediumBullet 19,589,863
12 Total revenue. See instructions.....MediumBullet 58,995,923 5,259,652 19,834,552 33,898,219
Form 990 (2021)
Form 990 (2021)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX..............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising
expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 3,028,740  
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ........... 0  
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. ............. 0  
4 Benefits paid to or for members ....... 0  
5 Compensation of current officers, directors, trustees, and key employees ........... 3,420,845      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ......... 0      
7 Other salaries and wages........ 23,684,443      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 3,771,025      
9 Other employee benefits ....... 4,148,841      
10 Payroll taxes ........... 1,796,462      
11 Fees for services (non-employees):        
a Management ...... 0      
b Legal ......... 5,395      
c Accounting ........... 136,050      
d Lobbying ........... 0      
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 0      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) 1,085,167      
12 Advertising and promotion .... 421,110      
13 Office expenses ....... 0      
14 Information technology ...... 0      
15 Royalties .. 0      
16 Occupancy ........... 1,548,518      
17 Travel ............ 2,044,898      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials . 0      
19 Conferences, conventions, and meetings .... 94,821      
20 Interest ........... 0      
21 Payments to affiliates ....... 1,811,560      
22 Depreciation, depletion, and amortization .. 808,797      
23 Insurance ... 106,224      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a Printing and Publications 1,775,834      
b Sponsored meetings 1,518,963      
c Postage and Shipping 1,486,930      
d Special Programs 1,417,615      
e All other expenses 4,561,191      
25 Total functional expenses. Add lines 1 through 24e 58,673,429 0 0 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2021)
Form 990 (2021)
Page 11
Part X
Balance Sheet
Check if Schedule O contains a response or note to any line in this Part IX..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ........   1 0
2 Savings and temporary cash investments ......... 3,326,564 2 5,437,619
3 Pledges and grants receivable, net ......   3 0
4 Accounts receivable, net ............. 3,341,524 4 3,057,669
5 Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
  5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
  6 0
7 Notes and loans receivable, net ...........   7 0
8 Inventories for sale or use ............ 212,226 8 127,736
9 Prepaid expenses and deferred charges ...... 672,612 9 700,136
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 68,014,255
b Less: accumulated depreciation 10b 44,812,518 22,061,482 10c 23,201,737
11 Investments—publicly traded securities . 31,658,192 11 27,782,506
12 Investments—other securities. See Part IV, line 11 ..... 374,215 12 374,215
13 Investments—program-related. See Part IV, line 11 ..   13 0
14 Intangible assets ...............   14 0
15 Other assets. See Part IV, line 11 ........... 4,281,195 15 4,969,048
16 Total assets. Add lines 1 through 15 (must equal line 33)... 65,928,010 16 65,650,666
Liabilities 17 Accounts payable and accrued expenses ..... 656,699 17 366,958
18 Grants payable ...   18  
19 Deferred revenue ......... 4,092,389 19 3,821,771
20 Tax-exempt bond liabilities .........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D   21  
22 Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
  22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ..   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D 2,377,080 25 2,337,601
26 Total liabilities. Add lines 17 through 25.. 7,126,168 26 6,526,330
Net Assets or Fund Balance Organizations that follow FASB ASC 958, check here MediumBullet and complete lines 27, 28, 32, and 33.
27 Net assets without donor restrictions ..........   27  
28 Net assets with donor restrictions ...........   28  
Organizations that do not follow FASB ASC 958, check here MediumBullet and complete lines 29 through 33.
29 Capital stock or trust principal, or current funds .....   29  
30 Paid-in or capital surplus, or land, building or equipment fund ...   30  
31 Retained earnings, endowment, accumulated income, or other funds 58,801,842 31 59,124,336
32 Total net assets or fund balances ........... 58,801,842 32 59,124,336
33 Total liabilities and net assets/fund balances ........ 65,928,010 33 65,650,666
Form 990 (2021)
Form 990 (2021)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
58,995,923
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
58,673,429
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
322,494
4
Net assets or fund balances at beginning of year (must equal Part X, line 32, column (A)) ..
4
58,801,842
5
Net unrealized gains (losses) on investments ...............
5
 
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
 
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 32, column (B))
10
59,124,336
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII.............
Yes
No
1
Accounting method used to prepare the Form 990: Income Tax
If the organization changed its method of accounting from a prior year or checked "Other," explain on
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2021)
Form 990 (2021)
Additional Data


Software ID: 22015553
Software Version: 2022v5.0
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
SchDMd Bullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
Illinois Agricultural Association
 
Employer identification number

37-0809856
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ...................... 2a  
b Total acreage restricted by conservation easements .................... 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............
6
Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included on Form 990, Part VIII, line 1 .........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:
a
Revenue included on Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b If "Yes," explain the arrangement in Part XIII and complete the following table: Amount
c Beginning balance ............................. 1c  
d Additions during the year ............................ 1d  
e Distributions during the year .......................... 1e  
f Ending balance ................................ 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....
Part V
Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.
(a) Current year (b) Prior year (c) Two years back (d) Three years back (e) Four years back
1a Beginning of year balance ....          
b Contributions ...          
c Net investment earnings, gains, and losses          
d Grants or scholarships ...          
e Other expenditures for facilities
and programs ... 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Term endowment SchDMd Bullet  
The percentages on lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) Unrelated organizations .................
3a(i)
 
 
(ii) Related organizations .................
3a(ii)
 
 
b
If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis
(investment) 		(b) Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ..... 80,964 19,574 100,538
b Buildings .... 17,714,757 4,282,891 18,337,783 3,659,865
c Leasehold improvements   35,268,467 19,216,561 16,051,906
d Equipment ....        
e Other .....   10,647,602 7,258,174 3,389,428
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..SchDMdBullet 23,201,737
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 3
Part VII
Investments - Other Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) Financial derivatives.........    
(2) Closely-held equity interests........    
(3)Other
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments - Program Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1)Deferred Tax Asset 72,551
(2)IL Veterinary Education Training N/Rec 167,980
(3)Inv in Rural IL Medical Student Assistan 2,346,665
(4)Work in Progress 2,381,852
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 4,969,048
Part X
Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
(1) Federal income taxes  
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 2,337,601
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2021

Schedule D (Form 990) 2021
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 57,250,711
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 66,348
e Add lines 2a through 2d ..................... 2e 66,348
3 Subtract line 2e from line 1.................. 3 57,184,363
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b 1,811,560
c Add lines 4a and 4b.................... 4c 1,811,560
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 58,995,923
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 56,928,217
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities ......... 2a  
b Prior year adjustments ............ 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 66,348
e Add lines 2a through 2d.................... 2e 66,348
3 Subtract line 2e from line 1................... 3 56,861,869
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b 1,811,560
c Add lines 4a and 4b..................... 4c 1,811,560
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 58,673,429
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Part X : FIN48 Footnote Management evaluates uncertain tax positions taken by the Association. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. Management has analyzed the tax positions taken by the Association and has concluded that as of year end, there are no uncertain positions taken or expected to be taken.
Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Other Radio Advertising Expense $66348
Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S AFBF Dues $1811560
Part XII, Line 2d: Other expenses and losses per audited F/S Other Radio Advertising Expense $66348
Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S AFBF Dues $1811560
Schedule D (Form 990) 2021


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Software Version: 2022v5.0





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Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
Illinois Agricultural Association
 
Employer identification number
37-0809856
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient
that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
(if applicable)		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
noncash assistance		 (h) Purpose of grant
or assistance
(1) Adams County Farm Bureau
330 S 36th St 2
Quincy,IL62301 		37-0147880   14,885 0     Agricultural Education
(2) Bond County Farm Bureau
925 E Harris Ave
Greenville,IL62246 		37-0184970   44,953 0     Agricultural Education
(3) Brown County Farm Bureau
109 W North St
Mt Sterling,IL62353 		37-0193430   71,841 0     Agricultural Education
(4) Bureau County Farm Bureau
1407 N MAIN ST
Princeton,IL61356 		36-0854650   26,883 0     Agricultural Education
(5) Calhoun County Farm Bureau
204 N COUNTY ROAD
Hardin,IL62047 		37-0202300   63,850 0     Agricultural Education
(6) Carrol County Farm Bureau
811 S Clay St
Mt Carroll,IL61053 		26-2165031   35,564 0     Agricultural Education
(7) Cass- Morgan County Farm Bureau
1152 Tendick St
Jacksonville,IL62650 		37-0919211   89,895 0     Agricultural Education
(8) Christian County Farm Bureau
400 W Market St
Taylorville,IL62568 		37-0216260   31,254 0     Agricultural Education
(9) Clark County Farm Bureau
9 Trotter LN
Martinsville,IL62422 		37-0218700   74,466 0     Agricultural Education
(10) Clay County Farm Bureau
PO Box E
Louisville,IL62858 		37-0219575   52,139 0     Agricultural Education
(11) Coles County Farm Bureau
719 W Lincoln Ave
Charleston,IL61920 		37-0223410   58,418 0     Agricultural Education
(12) Crawford County Farm Bureau
1221 N Allen
Robinson,IL62454 		37-0232680   8,583 0     Agricultural Education
(13) Cumberland County Farm Bureau
402 E Main
Toledo,IL62468 		37-0667462   46,428 0     Agricultural Education
(14) DeWitt County Farm Bureau
1060 STATE ROUTE 54 WEST
Clinton,IL61727 		37-0245700   14,961 0     Agricultural Education
(15) Douglas County Farm Bureau
105 N Main
Tuscola,IL61953 		37-0250530   39,938 0     Agricultural Education
(16) Edgar County Farm Bureau
210 W Washington
Paris,IL61944 		37-0258300   59,004 0     Agricultural Education
(17) Edwards County Farm Bureau
15 S Fifth St
Albion,IL62806 		37-0667644   94,415 0     Agricultural Education
(18) Fayette County Farm Bureau
1125 N Sunset Dr
Vandalia,IL62471 		37-0664100   43,066 0     Agricultural Education
(19) Ford-Iroquis County Farm Bureau
PO Box 309
Gilman,IL60938 		37-0949884   8,583 0     Agricultural Education
(20) Franklin County Farm Bureau
PO Box 457
Benton,IL62812 		37-0667471   44,159 0     Agricultural Education
(21) Fulton County Farm Bureau
15411-A N State Route 100
Lewiston,IL61542 		37-0284740   62,288 0     Agricultural Education
(22) Gallatin County Farm Bureau
PO Box 250
Ridgeway,IL62979 		37-0664103   46,498 0     Agricultural Education
(23) Greene County Farm Bureau
487 MICHELLE LN
Carrollton,IL62016 		37-0303465   76,620 0     Agricultural Education
(24) Hamilton County Farm Bureau
1212 E RANDOLPH ST
McLeansboro,IL62859 		37-0664104   54,377 0     Agricultural Education
(25) Hancock County Farm Bureau
544 WABASH AVE
Carthage,IL62321 		37-0667474   40,806 0     Agricultural Education
(26) Henry County Farm Bureau
128 N PROSPECT ST
Cambridge,IL61238 		36-1210330   30,658 0     Agricultural Education
(27) Jackson County Farm Bureau
220 N 10th St
Murphysboro,IL62966 		37-0667476   8,583 0     Agricultural Education
(28) Jasper County Farm Bureau
PO Box 329
Newton,IL62448 		37-0351420   80,151 0     Agricultural Education
(29) Jefferson County Farm Bureau
814 Harrison St
Mt Vernon,IL62864 		37-0667477   60,561 0     Agricultural Education
(30) Jersey County Farm Bureau
402 S Jefferson
Jerseyville,IL62052 		37-0667479   35,226 0     Agricultural Education
(31) JoDaviess County Farm Bureau
212 N Main
Elizabeth,IL61028 		36-1284540   45,891 0     Agricultural Education
(32) Johnson County Farm Bureau
809 N 1ST ST
Vienna,IL62995 		37-0664107   60,267 0     Agricultural Education
(33) Knox County Farm Bureau
180 S Soangetaha
Galesburg,IL61402 		37-0667480   29,643 0     Agricultural Education
(34) Lawrence County Farm Bureau
10722 CHERRY BOULEVARD
Lawrenceville,IL62439 		37-0579963   69,022 0     Agricultural Education
(35) Lee County Farm Bureau
37 S East Avenue
Amboy,IL61310 		36-1374085   12,083 0     Agricultural Education
(36) Livingston County Farm
901 W Howard St
Pontiac,IL61764 		37-0389010   14,269 0     Agricultural Education
(37) Logan County Farm Bureau
120 S McLean St
Lincoln,IL62656 		37-0667483   17,435 0     Agricultural Education
(38) Marion County Farm Bureau
1630 N BROADWAY
Salem,IL62881 		37-0664113   87,934 0     Agricultural Education
(39) Marshall-Putnam County Farm Bureau
509 Front St
Henry,IL61583 		36-1436670   46,444 0     Agricultural Education
(40) Mason County Farm Bureau
127 W High St
Havana,IL62644 		37-0664114   45,425 0     Agricultural Education
(41) Massac County Farm Bureau
1436 W 10th St
Metropolis,IL62960 		37-0667488   41,855 0     Agricultural Education
(42) McDonough County Farm Bureau
1601 W JACKSON ST
Macomb,IL61455 		37-0408280   54,053 0     Agricultural Education
(43) Menard County Farm Bureau
101 E Jefferson
Petersburg,IL62675 		37-0413060   36,628 0     Agricultural Education
(44) Mercer County Farm Bureau
206 SE Third
Aledo,IL61231 		36-1465820   28,779 0     Agricultural Education
(45) Monroe County Farm Bureau
513 W Park St
Waterloo,IL62298 		37-0664116   26,040 0     Agricultural Education
(46) Montgomery CFB
102 N Main St
Hillsboro,IL62049 		37-0664118   8,583 0     Agricultural Education
(47) Moultrie County Farm Bureau
1102 W Jackson
Sullivan,IL61951 		37-0664120   21,357 0     Agricultural Education
(48) Perry County Farm Bureau
309 S First St
Pickneyvlle,IL62274 		37-0664121   57,952 0     Agricultural Education
(49) Piatt County Farm Bureau
427 W Marion
Monticello,IL61856 		37-0664122   34,482 0     Agricultural Education
(50) Pike-Scott County Farm Bureau
1301 E Washington
Pittsfield,IL62363 		37-0664123   135,450 0     Agricultural Education
(51) Pope-Hardin county Farm Bureau
113 N ADAMS
Golconda,IL62938 		37-0468345   94,482 0     Agricultural Education
(52) Pulaski-Alexander County Farm Bureau
404 S Blanche
Mounds,IL62964 		37-0667499   8,583 0     Agricultural Education
(53) Randolph County Farm Bureau
1403 Hillcrest Drive
Sparta,IL62286 		37-0477550   8,583 0     Agricultural Education
(54) Richland County Farm Bureau
710 N West
Olney,IL62450 		37-0667500   45,725 0     Agricultural Education
(55) Saline County Farm Bureau
21 W Robinson
Harrisburg,IL62946 		37-0667347   52,476 0     Agricultural Education
(56) Schuyler County Farm Bureau
114 E Lafayette
Rushville,IL62681 		37-0506880   53,992 0     Agricultural Education
(57) Shelby County Farm Bureau
1361 STATE HIGHWAY 128
Shelbyville,IL62565 		37-0512250   44,478 0     Agricultural Education
(58) Stark County Farm Bureau
7417B STATE ROUTE 17
Toulon,IL61483 		36-2200117   76,198 0     Agricultural Education
(59) Union CFB
104 W Broad
Jonesboro,IL62952 		37-0558890   43,589 0     Agricultural Education
(60) Wabash County Farm Bureau
1128 OAK ST
Mt Carmel,IL62863 		37-0567480   43,779 0     Agricultural Education
(61) Warren Henderson County Farm Bureau
1000 N Main
Monmouth,IL61462 		37-0572490   79,016 0     Agricultural Education
(62) Washington County Farm Bureau
246 W SAINT LOUIS ST
Nashville,IL62263 		37-0667511   8,583 0     Agricultural Education
(63) Wayne County Farm Bureau
301 E Court St
Fairfield,IL62837 		37-0664133   64,463 0     Agricultural Education
(64) White County Farm Bureau
304 E Robinson
Carmi,IL62821 		37-0667351   45,780 0     Agricultural Education
(65) Whiteside County Farm Bureau
100 E Knox St
Morrison,IL61720 		36-1962390   25,665 0     Agricultural Education
(66) Williamson County Farm Bureau
1517 E Deyoung St
Marion,IL62959 		37-0587960   40,703 0     Agricultural Education
2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image
0
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
66
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2022

Schedule I (Form 990) 2022
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Number of
recipients		 (c) Amount of
cash grant		 (d) Amount of
noncash assistance		 (e) Method of valuation (book,
FMV, appraisal, other)		 (f) Description of noncash assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
Part IV
Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.
Return Reference Explanation
Additional Supplemental Information The County Finance Program has been designed to assist county Farm Bureaus in financial need. This program was approved by the IAA Board of Directors in 1996 and implemented for calendar 1997 and is reviewed periodically.The IAA grants funds to the County Farm Bureaus on the following basis:Automatic Grants: 70% of the funding received is distributed by formula to county Farm Bureaus meeting certain criteria.Additional Automatic Grants: A funding limit in the Automatic Grant formula is multiplied by the number of counties in the Farm Bureau unit. These grants are funded from 30% of the funding set aside for Applied-for Grants.Applied-for Grants: The remaining 30% of funds available (less Additional Automatic Grants) is available for distribution by a Grant Committee. This committee uses its discretion to consider grants to county Farm Bureaus which make application by March 1 of each year. Any funds not distributed by the Grant Committee are carried over to the following year.
Grantmaker's Description of How Grants are Used Illinois County Farm Bureaus use an application format to request funds. As part of this process, the County explains how the funds will be used with its farm bureau. Results of all grant distributions are reported to the IAA Board each March.
Schedule I (Form 990) 2022



Additional Data


Software ID: 22015553
Software Version: 2022v5.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.
OMB No. 1545-0047
2022
Open to Public Inspection
Name of the organization
Illinois Agricultural Association
 
Employer identification number

37-0809856
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ....
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? .............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ....................
5a
 
 
b
Any related organization? .......................
5b
 
 
If "Yes," on line 5a or 5b, describe in Part III.
6
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ..................
6a
 
 
b
Any related organization? ......................
6b
 
 
If "Yes," on line 6a or 6b, describe in Part III.
7
For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................
8
 
 
9
If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2022

Schedule J (Form 990) 2022
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2, 1099-MISC compensation, and/or 1099-NEC (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column (B) reported as deferred on prior Form 990
(i) Base
compensation 		(ii) Bonus & incentive
compensation 		(iii) Other reportable compensation
1Alan Dodds
VP Fin. & Treas 		(i)

(ii)		 365,512
-------------
  		63,549
-------------
  		 
-------------
  		93,162
-------------
  		17,207
-------------
  		539,430
-------------
  		 
-------------
 
2Andrew Bender
Ass't Secretary 		(i)

(ii)		 313,143
-------------
  		40,552
-------------
  		 
-------------
  		78,089
-------------
  		21,155
-------------
  		452,939
-------------
  		 
-------------
 
3Brian Cahill
Senior Counsel 		(i)

(ii)		 217,218
-------------
  		28,535
-------------
  		 
-------------
  		56,501
-------------
  		1,798
-------------
  		304,052
-------------
  		 
-------------
 
4Chris Magnuson
Director of News and Communication 		(i)

(ii)		 308,066
-------------
  		53,063
-------------
  		 
-------------
  		79,576
-------------
  		19,868
-------------
  		460,573
-------------
  		 
-------------
 
5Geneva Aberle
Controller 		(i)

(ii)		 167,029
-------------
  		10,699
-------------
  		 
-------------
  		40,877
-------------
  		19,523
-------------
  		238,128
-------------
  		 
-------------
 
6Jennifer Vance
General Counsel 		(i)

(ii)		 558,590
-------------
  		98,448
-------------
  		 
-------------
  		138,758
-------------
  		23,420
-------------
  		819,216
-------------
  		 
-------------
 
7Jim Jacobs
CEO COUNTRY FINANCIAL 		(i)

(ii)		  
-------------
1,070,783 		 
-------------
922,864 		 
-------------
  		 
-------------
406,079 		 
-------------
32,008 		 
-------------
2,431,734 		 
-------------
 
8Kristen Kroger
Associate Counsel 		(i)

(ii)		 207,163
-------------
  		25,938
-------------
  		 
-------------
  		53,613
-------------
  		1,570
-------------
  		288,284
-------------
  		 
-------------
 
9Laura Harmon
Ass't Secretary 		(i)

(ii)		 229,389
-------------
  		29,729
-------------
  		 
-------------
  		59,173
-------------
  		20,197
-------------
  		338,488
-------------
  		 
-------------
 
10Lyn Potts
Assoc. Dep. Coun. 		(i)

(ii)		 258,871
-------------
  		32,239
-------------
  		 
-------------
  		65,572
-------------
  		20,798
-------------
  		377,480
-------------
  		 
-------------
 
11Mark Gebhards
Director of Govermental Affairs 		(i)

(ii)		 361,622
-------------
  		61,983
-------------
  		 
-------------
  		92,071
-------------
  		22,293
-------------
  		537,969
-------------
  		 
-------------
 
12Matthew Jontry
Ass't Secretary 		(i)

(ii)		 254,455
-------------
  		31,243
-------------
  		 
-------------
  		64,490
-------------
  		1,979
-------------
  		352,167
-------------
  		 
-------------
 
13Mike Hodge
Ex Dir of Member Services and PR 		(i)

(ii)		 268,810
-------------
  		45,787
-------------
  		 
-------------
  		70,270
-------------
  		15,622
-------------
  		400,489
-------------
  		 
-------------
 
14Richard Guebert
President 		(i)

(ii)		 381,855
-------------
  		60,175
-------------
  		 
-------------
  		7,350
-------------
  		4,236
-------------
  		453,616
-------------
  		 
-------------
 
15Ron White
Assoc. Dep. Coun. 		(i)

(ii)		 253,788
-------------
  		31,232
-------------
  		 
-------------
  		64,354
-------------
  		14,854
-------------
  		364,228
-------------
  		 
-------------
 
16Tim Smith
Ass't Controller 		(i)

(ii)		 77,722
-------------
  		6,036
-------------
  		 
-------------
  		19,264
-------------
  		12,743
-------------
  		115,765
-------------
  		 
-------------
 
17Vince Sampson
Dir. of Info Mgt. 		(i)

(ii)		 210,060
-------------
  		11,054
-------------
  		 
-------------
  		44,223
-------------
  		14,190
-------------
  		279,527
-------------
  		 
-------------
 
Schedule J (Form 990) 2022

Schedule J (Form 990) 2022
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.
Return Reference Explanation
Part I, Line 1a: Relevant information in regards to selections on 1a. On lesser than five instances, the President flies on an affiliate company's corporate aircraft to required business meetings.The Board of Directors spouses attend the Association's and the National Annual Meeting. Any amount of spousal travel is included in the Director's annual 1099.
Schedule J (Form 990) 2022

Additional Data


Software ID: 22015553
Software Version: 2022v5.0
SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2021
Open to Public
Inspection
Name of the organization
Illinois Agricultural Association
 
Employer identification number

37-0809856
Return Reference Explanation
Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Commodity Information - this service includes providing past, present, and projected future production, marketing, and risk management information and education to members from farm gate to the consumer's plate.
Form 990, Part VI, Section A, Line 6 The Association's membership consists of voting and non voting members. All members are interested in supporting agriculture in Illinois.
Form 990, Part VI, Section B, Line 11b Form 990 is reviewed by the Independent Auditors, General Counsel and Controller. Prior to filing, the return is presented to the Board of Directors.
Form 990, Part VI, Section B, Line 12c Conflict of interest policies are reviewed and signed by the Board of Directors, Officers and Key Employees annually.
Form 990, Part VI, Section B, Line 15a The Association's Human Resource staff annually compares independent national compensation surveys to staff's salaries. The pay range of the positions are adjusted to the comparible market value, reviewed by Human Resources and approved by the Management Team. Officer and key employee compensation is also compared to the surveys,reviewed by Human Resources and approved by the Board of Directors.
Form 990, Part VI, Section B, Line 15b The Association's Human Resource staff annually compares independent national compensation surveys to staff's salaries. The pay range of the positions are adjusted to the comparible market value, reviewed by Human Resources and approved by the Management Team. Officer and key employee compensation is also compared to the surveys,reviewed by Human Resources and approved by the Board of Directors.
Form 990, Part VI, Section C, Line 19 The Association makes its governing documents, conflict of interest policies and financial statements available to the public upon request.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2021


Additional Data


Software ID: 22015553
Software Version: 2022v5.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047
2021
Open to Public Inspection
Name of the organization
Illinois Agricultural Association
 
Employer identification number

37-0809856
Part I
Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1)Agricultural Support Association
1701 Towanda Avenue

Bloomington,IL61701
37-1401256 		Agricultural Member association IL 501(c)(5)   Illlinois Agricultural Association
 
 
No
(2)IAA Foundation
1701 Towanda Avenue

Bloomington,IL61701
37-1211315 		Charitable Foundation IL 501(c)(3) Public N/A
 
No










For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) RIMSAP

1701 Towanda Avenue
Bloomington,IL61702
37-0997431 		Low int. loans to rural med. students IL N/A
 Related 91,519 2,346,665   No   Yes   50.000 %












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) Country Life Insurance Company

1701 Towanda Ave
Bloomington,IL61701
37-0808781 		Life Insurance IL IL Ag Holding Co
  		C Corp     98.800 %   No
(2) Country Investors Life Assurance Company

1701 Towanda Ave
Bloomington,IL61701
37-1106268 		Stock Insurance Company IL Country Life Insurance Company
  		C Corp     98.800 %   No
(3) Country Mutual Insurance Company

1701 Towanda Ave
Bloomington,IL61701
37-0807507 		Property/ Casualty Insurance IL IL Agricultural Assn
  		C Corp     100.000 %   No
(4) Country Casualty Insurance Company

1701 Towanda Ave
Bloomington,IL61701
37-0855395 		Stock Insurance Company IL Country Mutual Insurance Company
  		C Corp     100.000 %   No
(5) CC Services Inc

1701 Towanda Ave
Bloomington,IL61701
37-1000579 		Service Company IL IL Ag Holding Co
  		C Corp     98.800 % Yes  
(6) Illinois Agricultural Holding Co

1701 Towanda Ave
Bloomington,IL61701
36-1252720 		Holding Company IL IL Agricultural Assn
  		C Corp     98.800 %   No
(7) Country Trust Bank

1701 Towanda Ave
Bloomington,IL61701
37-0923942 		Federal Thrift IL Country Life Insurance Company
  		C Corp     98.800 %   No
(8) Country Preferred Insurance Company

1701 Towanda Ave
Bloomington,IL61701
44-0652707 		Stock Insurance Company IL Country Mutual Insurance Company
  		C Corp     100.000 %   No
(9) Country Capital Management

1701 Towanda Ave
Bloomington,IL61701
37-6055336 		Broker Dealer Reg. Sec. products IL Country Life Insurance Company
  		C Corp     98.800 %   No
(10) Illinois Agricultural Service Company

1701 Towanda Ave
Bloomington IL,IL61701
37-0809857 		Service Co. IL IL Ag Holding Co
  		C Corp     98.800 %   No
Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 3
Part V
Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
 
No
e Loans or loan guarantees by related organization(s) ............................
1e
 
No
f Dividends from related organization(s) ............................
1f
Yes
 
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
 
No
q Reimbursement paid by related organization(s) for expenses ............................
1q
 
No
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) Agricultural Support Association

 b 375,000 FMV
(2) IAA Foundation

 l 6,701 FMV
(3) IAA Foundation

 n 94,670 FMV
(4) IAA Foundation

 o 387,297 FMV
(5) RIMSAP

 l 300 FMV
(6) Country Life Insurance Company

 l 975,547 FMV
(7) Country Life Insurance Company

 m 263,760 FMV
(8) Country Investors Life Assurance Company

 l 95,371 FMV
(9) Country Mutual Insurance Company

 l 2,851,875 FMV
(10) Country Casualty Insurance Company

 l 57,015 FMV
(11) CC Services Inc

 a 3,871,703 FMV
(12) CC Services Inc

 l 5,900,989 FMV
(13) CC Services Inc

 m 1,120,076 FMV
(14) Illinois Agricultural Holding Co

 l 70,646 FMV
(15) Illinois Agricultural Holding Co

 f 20,115,000 FMV
(16) Country Trust Bank

 l 278,720 FMV
(17) Country Trust Bank

 m 312,328 FMV
(18) Country Preferred Insurance Company

 l 165,521 FMV
(19) Country Capital Management

 l 56,054 FMV
(20) Illinois Agricultural Service Company

 l 150,954 FMV
Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2021
Schedule R (Form 990) 2021
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R. See instructions.
Return Reference Explanation
Schedule R (Form 990) 2021

Additional Data


Software ID: 22015553
Software Version: 2022v5.0