Farmers Grain Cooperative is a private foundation focused on Education, based in LAYTON, UT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $763K in total assets. In 2024, it awarded 6 grants totaling $29K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$763K
+0.9% YoY
Annual Giving
$29K
+24.2% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$5K
+44.9% YoY
Under IRS private-foundation payout rules, Farmers Grain Cooperative reported a distributable amount of $37K for 2024 — the minimum it must pay out in qualifying distributions.
About Farmers Grain Cooperative
Based on IRS filings
Farmers Grain Cooperative is a private foundation focused on Education, based in LAYTON, UT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $763K in total assets. In 2024, it awarded 6 grants totaling $29K. Net investment income was $38K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $762,784 | $755,902 | $759,562 |
| Revenue | $40,046 | $41,435 | $751,257 |
| Expenses | $32,686 | $24,878 | $20,684 |
| Qualifying Distributions | $28,964 | $23,316 | $20,400 |
| Net Investment Income | $38,328 | $39,873 | $30,367 |
| Distributable Amount | $36,865 | $36,764 | $34,580 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Utah State University ($8,000), Bridgerland Technical College ($6,964), BYU Idaho ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BYU Idaho Rexburg, ID | scholarships | $4,000 |
| Utah State University Logan, UT | Scholarship | $8,000 |
| College of Southern Idaho Twin Falls, ID | Scholarship | $4,000 |
| Bridgerland Technical College Logan, UT | Scholarships | $6,964 |
| University of Utah Salt Laek City, UT | Scholarships | $2,000 |
| Brigham Young University Provo, UT | Scholarships | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Gordon James | Trustee | — | — |
| Brent Shaffer | Trustee | — | — |
| Eric Simonson | Trustee | — | — |
| Steve Buttars | Trustee | — | — |
| Clark Hamilton | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Farmers Grain Cooperative?
Farmers Grain Cooperative is a private foundation focused on Education, based in LAYTON, UT. It holds $763K in total assets as of 2024.
How large is Farmers Grain Cooperative?
As of 2024, Farmers Grain Cooperative holds $763K in total assets with $40K in annual revenue. It awarded 6 grants totaling $29K in 2024.
Where does Farmers Grain Cooperative operate?
Farmers Grain Cooperative has awarded grants in Idaho, Texas, Utah.
What size grants does Farmers Grain Cooperative award?
In 2024, Farmers Grain Cooperative awarded 6 grants totaling $29K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Farmers Grain Cooperative required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Farmers Grain Cooperative reported a distributable amount of $37K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Farmers Grain Cooperative's EIN?
Farmers Grain Cooperative's EIN (Employer Identification Number) is 85-4396622. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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