2024-02-01T12:48:58-06:00 2022-09-30 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2021-10-01 421255174 PRACTICAL FARMERS OF IOWA PRAC 5152325661 1615 GOLDEN ASPEN DRIVE 101 AMES IA 500106071 SALLY WORLEY EXECUTIVE DIRECTOR 5152325661 2024-01-30 1 SALLY WORLEY 999009999 DAVID LITTLE P01480921 3193632697 2024-01-30 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z X SALLY WORLEY 1615 GOLDEN ASPEN DRIVE 101 AMES IA 500106071 5583475 0 X WWW.PRACTICALFARMERS.ORG X 1985 IA STRENGTHENING FARMS & COMMUNITIES THROUGH FARMER-LED INVESTIGATION & INFORMATION SHARING. 12 12 30 123 0 0 3769651 5181708 102141 9731 10280 28181 2892 -16318 3884964 5203302 0 0 0 0 1678629 1964414 0 0 145834 1961042 2262147 3639671 4226561 245293 976741 3629239 4239572 255985 491052 3373254 3748520 STRENGTHENING FARMS AND COMMUNITIES THROUGH FARMER-LED INVESTIGATION AND INFORMATION SHARING. 0 0 3897749 9731 PRACTICAL FARMERS OF IOWA WORKS WITH 80 FARMERS TO CONDUCT OVER 100 ON-FARM RESEARCH AND DEMONSTRATION PROJECTS ON CONVENTIONAL AND ORGANIC ROW CROP OPERATIONS, HORTICULTURAL FARMS, AND GRAZING SYSTEMS. THESE RESEARCH PROJECTS HELP FARMERS DIRECTLY ANSWER THE QUESTIONS THAT THEY HAVE ABOUT THEIR FARMS, AND THEY OFFER OPPORTUNITY TO LEARN FROM OTHER'S EXPERIENCES. PRACTICAL FARMERS OF IOWA ALSO HOSTS APPROXIMATELY 40 FIELD DAYS, WORKSHOPS, WEBINARS, AND OTHER OUTREACH EVENTS EVERY YEAR, WITH UPWARDS OF 1,812 PEOPLE ATTENDING THESE EVENTS. FOSTER FARMER TO FARMER NETWORKING AND INFORMATION BETWEEN OUR RESEARCH, EVENTS, AND OUTREACH, FARMERS IN IOWA AND ACROSS THE MIDWEST ARE MAKING CHANGES IN THEIR OPERATIONS TO INCREASE THEIR PROFITABILITY, EFFICIENCY, AND STEWARDSHIP. 3897749 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 72 0 30 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X SALLY WORLEY 5152325661 1615 GOLDEN ASPEN DRIVE 101 AMES IA 500106071 ANN FRANZENBURG PRESIDENT 2.00 X X 0 0 0 NATHAN ANDERSON VICE PRESIDENT 2.00 X X 0 0 0 JON BAKEHOUSE TREASURER 2.00 X X 0 0 0 DAVID ROSMANN SECRETARY 2.00 X X 0 0 0 CARMEN BLACK DIRECTOR 1.00 X 0 0 0 JACK BOYER DIRECTOR 1.00 X 0 0 0 WENDY JOHNSON DIRECTOR 1.00 X 0 0 0 LARRY KALLEM EX-OFFICIO 1.00 X 0 0 0 KRISTINE LANG DIRECTOR 1.00 X 0 0 0 VIC MADSEN DIRECTOR 1.00 X 0 0 0 GAYLE OLSON DIRECTOR 1.00 X 0 0 0 MARK QUEE DIRECTOR 1.00 X 0 0 0 MATT LIEBMAN DIRECTOR 1.00 X 0 0 0 SHARON THOMPSON EX-OFFICIO 1.00 X 0 0 0 SALLY WORLEY EXECUTIVE DIRECTOR 40.00 X 112039 0 10107 112039 0 10107 1 0 0 0 0 99118 128169 1409314 3545107 5181708 OTHER PROGRAM SERVICES 111000 9731 9731 9731 17345 17345 357762 346926 10836 10836 10836 16929 128169 33247 -16318 -16318 5203302 9731 0 11863 X 153333 147200 6133 1515432 1415052 14487 85893 46495 43584 2911 131546 126628 4918 117608 110081 1023 6504 33392 33392 2823 2823 1492501 1390316 95054 7131 98388 98079 309 127647 113115 2401 12131 67071 63221 3850 128648 108594 16986 3068 37691 35415 2276 31025 20960 8728 1337 SUPPLIES AND EQUIPMENT 184767 173141 5058 6568 58194 52363 3026 2805 4226561 3897749 182978 145834 23946 23122 996971 415449 1352718 1976700 87593 45088 9375 426310 173951 227223 252359 558129 1112702 425164 362272 3629239 4239572 255985 261840 229212 255985 491052 X 1651615 1847121 1721639 1901399 3373254 3748520 3629239 4239572 X 976741 -100154 -438429 -62892 X X 0 1 X 1 1 1 X 2911896 1617755 3601273 3769651 5181708 17082283 26660 26660 2911896 1617755 3601273 3769651 5208368 17108943 0 0 0 17108943 20537 17116 14963 10280 17345 80241 20537 17116 14963 10280 17345 80241 2932433 1634871 3616236 3779931 5225713 17189184 0.99530 0.91090 0.00470 0.00720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 425164 -62892 362272 345939 81228 2003 425164 328992 16947 345939 324548 4444 328992 307105 17443 324548 0.71420 0.28580 1 0 137000 137000 11000 3300 7700 210627 121315 89312 67683 49336 18347 252359 BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION 362272 362272 X 5037433 -100154 -62892 -163046 5200479 2823 2823 5203302 4223738 0 4223738 2823 2823 4226561 PART X, LINE 2: THE ORGANIZATION FILES INFORMATION REUTRNS WITH THE U. S. FEDERAL JURISDICTION AND FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION -62,892. ANNUAL CONFERENCE 145098 128169 16929 33247 145098 128169 16929 33247 33247 -16318 FORM 990, PART VI, SECTION A, LINE 6 PRACTICAL FARMERS OF IOWA HAS TWO TYPES OF MEMBERSHIP, REGULAR MEMBERSHIP AND LIFETIME MEMBERSHIP FOR FOUNDERS. REGULAR MEMBERSHIP MAY BE GRANTED TO ANY INDIVIDUAL AND ENTITY THAT SUPPORTS THE MISSION AND PURPOSE OF PRACTICAL FARMERS OF IOWA, AND ONLY THOSE WHOSE MEMBERSHIP FEES HAVE BEEN PAID SHALL BE ELIGIBLE. LIFETIME MEMBERSHIP IS FOR MEMBERS OF THE INITIAL BOARD OF DIRECTORS, AND IT INCLUDES THE RIGHTS AND PRIVILEGES GRANTED TO REGULAR MEMBERS IN GOOD STANDING WITHOUT FURTHER DUES OR ASSESSMENTS. FORM 990, PART VI, SECTION A, LINE 7A PRACTICAL FARMERS OF IOWA MEMBERS HAVE THE RIGHT TO ELECT ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO CERTAIN DOCUMENTS PROPOSED BY THE GOVERNING BODY, SUCH AS ARTICLES OF INCORPORATION OR BYLAWS, REQUIRE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS AND EMPLOYEES COMPLETE AND SIGN A STATEMENT DISCLOSING INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE SIGNED STATEMENTS ARE KEPT AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. THE ORGANIZATION'S MANAGEMENT REVIEWS THE STATEMENTS TO DETERMINE WHETHER OR NOT CONFLICTS EXIST. ANY PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DISCUSSIONS AND DECISIONS REGARDING THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE DIRECTORS ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION USING DATA FOR THE COMPENSATION PAID BY COMPARABLE ORGANIZATIONS FOR SIMILAR POSITIONS. THE DISCUSSIONS AND DECISIONS REGARDING THE EXECUTIVE DIRECTOR'S COMPENSATION ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS OF THE GOVERNING BODY. THIS PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S ANNUAL FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G FIELD CROP CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 752,030. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 752,030. COST SHARE: PROGRAM SERVICE EXPENSES 505,959. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 505,959. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 132,327. MANAGEMENT AND GENERAL EXPENSES 95,054. FUNDRAISING EXPENSES 7,131. TOTAL EXPENSES 234,512. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY A COMMUNITY FOUNDATION -62,892. FORM 990, PART XII, LINE 2C NO CHANGES FROM PRIOR YEAR. AS YOU WILL NOTE PRACTICAL FARMERS OF IOWA, HAS BEEN AN ACTIVE 501C3 ORGANIZATION SINCE 1985. PRACTICAL FARMERS OF IOWA HAS A HISTORY OF FILING TIMELY 990 TAX RETURNS AND AUDITED FINANCIAL STATEMENTS. HOWEVER, DURING THE FISCAL YEAR OCTOBER 1, 2021-SEPTEMBER 30, 2022 THERE WERE CHANGES IN LEAD ACCOUNTING PERSONNEL, ACCOUNTING SOFTWARE'S AND EXTERNAL AUDITORS. UNFORTUNATELY, WITH THE CHANGES OF THE ITEMS ABOVE, THERE WERE SUBSTANTIAL DELAYS IN FILING AS A RESULT. PRACTICAL FARMERS OF IOWA DID FILE AN EXTENSION FOR OUR 990 TAX RETURN TO BE COMPLETED, HOWEVER THE EXTENSION STILL DID NOT ALLOW FOR OUR INTERNAL STAFF AND EXTERNAL AUDITORS TO COMPLETE THIS INFORMATION WITHIN THE EXTENDED TIME PERIOD ALLOWED.PRACTICAL FARMERS OF IOWA DOES UNDERSTAND THE IMPORTANCE OF TIMELY FILINGS AND CAN ASSURE THAT PRACTICAL FAMERS OF IOWA WAS NOT NEGLIGENT OR CARLESS, AND THAT THERE WAS PRUDENT AND ORDINARY CARE TO ENSURE THAT THE INFORMATION PROVIDED TO EXTERNAL PARTIES WAS ACCURATE. TO PREVENT THIS FROM HAPPENING IN THE FUTURE, PRACTICAL FAMERS OF IOWA DID HIRE NEW EXTERNAL AUDITORS, HAVE IMPLEMENTED A NEW ACCOUNTING SOFTWARE AND HAVE ALSO HIRED A NEW FINANCE DIRECTOR. PRACTICAL FAMERS OF IOWA IS CONFIDENT THAT WITH THE HELP AND ASSISTANCE OF CLIFTONLARSONALLEN, WE WILL DELIVER TIMELY REPORTS FROM HERE ON. TO HELP PREVENT ANY FUTURE DELAYS, PRACTICAL FARMERS OF IOWA HAS IMPLEMENTED A MORE DETAILED ACCOUNTING SYSTEM THAT PROVIDES MORE INTERNAL CONTROLS, WITH ADDITIONAL OVERSIGHT AND SIGN OFFS FOR REPORTING AND CONTROL PURPOSES. PRACTICAL FARMERS OF IOWA HAS ALSO SET FORTH NEW CONTROLS AND SYSTEMS TO BETTER UTILIZE OUR BOARD MEMBERS AND EXTERNAL FINANCE COMMITTEES IN THE FUTURE AS WELL. WE HOPE DUE TO THE UNFORESEEN CIRCUMSTANCES AS NOTED ABOVE, IN ADDITION TO TIMELY FILINGS SINCE OUR FORMATION IN 1985, ANY LATE FEES AND PENALTIES WILL BE REMOVED ON OUR 2021 990 TAX RETURN.