2025-12-15T13:59:38+00:00 2025-09-30 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2024-10-01 420332550 Iowa-Nebraska Farm Equipment Association Inc IOWA 5152235119 8330 NW 54th Avenue Johnston IA 50131 Mark Hennessey CEO 5152235119 2025-12-15 true Kristin Tynon P01063388 5152230159 2025-11-03 2024 2025-03-06 01:10:19Z Mark Hennessey 8330 NW 54th Avenue Johnston IA 50131 4023512 false X www.ineda.com X 1927 IA THE ASSOCIATION IS A NONPROFIT CORPORATION ENGAGED IN THE JOINING, THROUGH MEMBERSHIP, OF VARIOUS FARM, INDUSTRIAL AND OUTDOOR POWER EQUIPMENT DEALERS THROUGHOUT IOWA AND NEBRASKA TO PROMOTE AND DISSEMINATE KNOWLEDGE AND INFORMATION CONCERNING FARM IMPLEMENT AND EQUIPMENT DEALERS. 8 8 0 8 0 0 0 3495026 3563927 282450 207538 0 0 3777476 3771465 103635 99430 0 0 0 1484463 0 0 3108620 1694031 3212255 3277924 565221 493541 11447526 12821774 3857157 4126930 7590369 8694844 THE MISSION OF THE ASSOCIATION IS TO PROMOTE THE GENERAL WELFARE OF ITS DEALER/MEMBERS BY SUPPORTING FAVORABLE LEGISLATION AND PROVIDING VARIOUS PROGRAMS AND SERVICES AT REASONABLE COSTS. false false ANNUAL CONVENTION AND SHOW HELD FOR FARM EQUIPMENT DEALER MEMBERS AND THEIR ASSOCIATES. SUPPLIERS PROVIDE DEALERS/MEMBERS WITH INFORMATION ON NEW DEVELOPMENTS AND PRODUCTS IN THE FARM IMPLEMENT, CONSTRUCTION AND INDUSTRIAL EQUIPMENT INDUSTRY. ANNUAL DEALER MEETINGS FOR FARM EQUIPMENT DEALER MEMBERS AND THEIR ASSOCIATES. THE ORGANIZATION EDUCATES PARTICIPANTS ON NEW DEVELOPMENTS AND PRODUCTS IN THE FARM, CONSTRUCTION, AND INDUSTRIAL EQUIPMENT INDUSTRY. ASSOCIATION HOLDS EDUCATIONAL OPPORTUNITIES WHERE MEMBERS/DEALERS CAN LEARN ABOUT NEW DEVELOPMENTS AND PRODUCTS IN THE FARM IMPLEMENT, CONSTRUCTION AND INDUSTRIAL EQUIPMENT INDUSTRY. 0 false false false false true false false false false false true true false false true true false true false false false false false false false false false false true true false false false false false false false false false false false false false false false true true true false false true X 22 0 true 0 false false false false false false false false X 8 8 false false false false true true false true true false false false true true true true true true true false false false X Mark Hennessey 5152235119 8330 NW 54th Avenue Johnston IA 50131 DAVE MCCARTHY VICE CHAIRMAN 0.4 0.0 X X 0 0 0 JAY FUNKE PAST CHAIRMAN 0.4 0.0 X X 0 0 0 KEVIN CLARK CHAIRMAN 0.4 0.0 X X 0 0 0 BRUCE BOWMAN DIRECTOR 0.4 0.0 X 0 0 0 CLAY HALEY DIRECTOR 0.4 0.0 X 0 0 0 KEITH KREPS DIRECTOR 0.4 0.0 X 0 0 0 KENT GROSSHANS DIRECTOR 0.4 0.0 X 0 0 0 MARK PLACEK DIRECTOR 0.4 0.0 X 0 0 0 MARK HENNESSEY CEO 40.0 0.0 X 0 242692 53258 CINDY FELDMAN MARKETING DIRECTOR 40.0 0.0 X 0 126342 31270 DONNA MILLER OPERATIONS MANAGER 40.0 0.0 X 0 122777 18732 JAMES MERTZ Director of Dealer and Government Affairs 40.0 0.0 X 0 158569 42061 PHILIP ERDMAN DIRECTOR OF DEALER RELATIONSHIPS 40.0 0.0 X 0 165841 58191 TOM JUNGE IA FIELD DIRECTOR 40.0 0.0 X 0 160879 45715 0 977100 249227 0 false true false 0 0 CONVENTION & SHOWS 900099 3326187 3326187 MEMBERSHIP 900099 168800 168800 DEALER MEETINGS 900099 68940 68940 0 0 0 0 3563927 357633 357633 0 0 60093 41859 217448 34599 -157355 7260 -150095 -150095 0 0 0 0 0 3771465 3563927 0 207538 99430 306549 866584 121925 103080 86325 98862 33128 39416 15168 21294 51912 114282 41156 1085811 50050 DIRECTORS EXPENSE 81492 OUTSIDE SERVICES 56698 DUES & SUBSCRIPTIONS 4762 0 3277924 35000 7074334 4337839 364212 319860 0 0 0 0 15754 127026 1604469 590537 991844 1013932 1969669 5945378 978646 1013924 0 53067 28815 11447526 12821774 25687 58284 2762655 2967990 0 0 1068815 1100656 3857157 4126930 X 7590369 8694844 7590369 8694844 11447526 12821774 X 493541 575656 35278 X false true true false false false true 168800 98862 -2624 96238 109720 -13482 0 220000 220000 895086 313756 581330 489383 276781 212602 1013932 Closely-held equity interests Financial derivatives INVESTMENT - DEALER SERVICES 1013924 C 1013924 Federal Income Taxes DUE TO AFFILIATE 1100656 1100656 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501 OF THE INTERNAL REVENUE CODE AND A SIMILAR PROVISION OF THE STATE LAW. HOWEVER, THE ASSOCIATION IS SUBJECT TO FEDERAL INCOME TAX ON ANY UNRELATED BUSINESS TAXABLE INCOME. true SCHOLARSHIPS 68 91430 DISASTER ASSISTANCE 7 8000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE EDUCATION COMMITTEE MONITORS THE ASSOCIATION'S SCHOLARSHIP PROGRAM TO ENSURE IT FOLLOWS THE ASSOCIATION'S WRITTEN GUIDELINES FOR THE PROGRAM. THE NUMBER OF $1,500 SCHOLARSHIPS IS DETERMINED ANNUALLY BY THE EDUCATION COMMITTEE AND BOARD OF DIRECTORS BASED ON THE AVAILABILITY OF FUNDS. IF SCHOLARSHIP REQUESTS EXCEED THE AVAILABLE NUMBER OF SCHOLARSHIPS, AWARDS ARE MADE BY A RANDOM DRAWING. EMPLOYEES OR POTENTIAL EMPLOYEES OF THE ASSOCIATION'S MEMBER DEALERSHIPS ARE ELIGIBLE FOR THE SCHOLARSHIP IF THEY ARE APPROVED BY THE DEALERSHIP, ACCEPTED OR ENROLLED IN HIGHER EDUCATION CURRICULUM AND THE DEALERSHIP IS WILLING TO PROVIDE MATCHING FUNDS IN THE AMOUNT OF $1,500. ONE SCHOLARSHIP PER DEALERSHIP WILL BE AWARDED, UNLESS EXCESS FUNDS ARE AVAILABLE AFTER THE INITIAL ROUND OF AWARDS. ALL PAYMENTS TO OTHER OUTSIDE ORGANIZATIONS ARE MONITORED BY IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION, INC. false false false MARK HENNESSEY CEO 0 219577 0 21650 0 1465 0 35775 0 17483 0 295950 0 0 PHILIP ERDMAN DIRECTOR OF DEALER RELATIONSHIPS 0 143359 0 20052 0 2430 0 24874 0 33317 0 224032 0 0 TOM JUNGE IA FIELD DIRECTOR 0 141292 0 17374 0 2213 0 23832 0 21883 0 206594 0 0 CINDY FELDMAN MARKETING DIRECTOR 0 116630 0 9454 0 258 0 19986 0 11284 0 157612 0 0 JAMES MERTZ Director of Dealer and Government Affairs 0 142814 0 14420 0 1335 0 22329 0 19732 0 200630 0 0 Schedule J, Part I, Line 3 THE EXECUTIVE DIRECTOR AND FIELD DIRECTORS ARE PAID BY A RELATED ORGANIZATION. THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO - - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE Form 990, Part V, Line 2a PART IX LINES 5-10 Compensation, Benefits and Payroll Taxes THE ORGANIZATION'S EMPLOYEES RECEIVE W-2'S ISSUED BY A RELATED ORGANIZATION, FARM EQUIPMENT DEALER SERVICE INC. FOR THEIR WORK WHICH IS PERFORMED FOR BOTH ENTITIES. FARM EQUIPMENT DEALER SERVICE, INC. ALSO FILES ALL REQUIRED W-2'S FOR THE EMPLOYEES. THE AMOUNTS REFLECTED ON PART IX LINES 5-10 ARE BEING REPORTED AS IF THE ORGANIZATION HAD FILED W-2'S UNDER THEIR OWN EIN. Form 990, Part VI, Line 6 Classes of members or stockholders THE ASSOCIATION HAS TWO KINDS OF MEMBERS, REGULAR AND ASSOCIATE. AN INDIVIDUAL, PARTNERSHIP OR CORPORATION REGULARLY ENGAGED IN THE RETAIL FARM, INDUSTRIAL, CONSTRUCTION OR LAWN AND GARDEN EQUIPMENT BUSINESS IN THE STATES OF IOWA AND NEBRASKA, AND IN ADJACENT STATES, CARRYING A STOCK OF FARM INDUSTRIAL, CONSTRUCTION, OR LAWN AND GARDEN EQUIPMENT REPAIR PARTS, AND MAINTAINING A SERVICE DEPARTMENT COMMENSURATE WITH THE DEMANDS OF THE COMMUNITY IN WHICH THE BUSINESS IS LOCATED SHALL BE ELIGIBLE FOR REGULAR MEMBERSHIP UPON PAYMENT OF DUES. ANY INDIVIDUAL OR ENTITY AFFLIATED WITH THE MANUFACTURING OR DISTRIBUTION OF MERCHANDISE USUALLY HANDLED BY REGULAR MEMBERS OR PROVIDES SERVICES FOR REGULAR MEMBERS AND WHO IS WILLING TO COOPERATE WITH THE ASSOCIATION SHALL BE ELIGIBLE FOR ASSOCIATE OR CORPORATE ASSOCIATE MEMBERSHIP UPON PAYMENT OF DUES. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE PAST CHAIRMAN SHALL SEND A NOMINATING BALLOT TO THE MEMBERS OF EACH STATE IN WHICH AN ELECTION IS TO OCCUR. UPON RETURN OF THE BALLOTS FROM THE MEMBERS, THE PAST CHAIRMAN SHALL THEN MAIL AN ELECTION BALLOT TO EACH MEMBER IN THE VOTING STATE. THE RESULTS OF THE ELECTION SHALL BE ANNOUNCED AT THE NEXT ANNUAL MEETING. Form 990, Part VI, Line 11b Review of form 990 by governing body A COPY OF THE 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW. IT IS THEN DISCUSSED AT THE FALL BOARD MEETING WHERE A RESOLUTION TO APPROVE THE 990 IS COMPLETED. Form 990, Part VI, Line 12c Conflict of interest policy IOWA-NEBRASKA FARM EQUIPMENT ASSOCIATION'S OFFICERS AND DIRECTORS WILL ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THE CHAIRMAN WILL DETERMINE WHETHER TO (1) TAKE NO ACTION; (2) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (3) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS; OR (4) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION. THE PRESIDENT/CEO WILL MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE CHAIRMAN OF THE BOARD OF DIRECTORS IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION PROCESS FOR TOP OFFICIAL EXECUTIVE COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE, WHO ARE INDEPENDENT FOR COMPENSATION PURPOSES, AND COMPARISONS ARE MADE WITH DATA FROM OUTSIDE SURVEYS AND STUDIES. Form 990, Part VI, Line 19 Required documents available to the public THE ASSOCIATION MAKES ITS DOCUMENTS AVAILABLE TO THE MEMBERS AND THE PUBLIC UPON REQUEST. THE ASSOCIATION WILL REVIEW THE DOCUMENTS WITH THE MEMBER REQUESTING THEM. THE GENERAL PUBLIC MAY COME TO THE ASSOCIATION'S OFFICE AND REVIEW THE DOCUMENTS. THESE DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF TIME AS DESCRIBED IN INTERNAL REVENUE CODE SECTION 6104(D) FOR OTHER PUBLIC DISCLOSURE DOCUMENTS. Form 990, Part XI, Line 9 Other changes in net assets or fund balances INCOME FROM SUBSIDIARY - 35278; Total - 35278; FARM EQUIPMENT DEALER SERVICES INC 8330 NW 54TH AVE JOHNSTON IA 50131 420800363 ENDORSE IA IA-NE FARM C Corporation 35278 1364878 1 true false false false false false false false false false false false false true true true false true false false FARM EQUIPMENT DEALER SERVICE INC O 1484463 CASH FARM EQUIPMENT DEALER SERVICES INC Q 91235 CASH