Kentucky Farm Bureau Federation
- Assets
- $26.8m
- Revenue
- $14.4m
- Investments
- $7.6m
- Employees
- 57
- Location
- Louisville, KY
- Founding
- 03/1964
- Data as of
- 10/2020
- EIN
- 61-0443949
Organization Overview
Kentucky Farm Bureau Federation is located in Louisville, KY. The organization was established in 1964. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2020, Kentucky Farm Bureau Federation employed 57 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kentucky Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2020, Kentucky Farm Bureau Federation generated $14.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $13.7m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
KENTUCKY FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO SERVING OUR MEMBERSHIP FAMILY AND THEIR COMMUNITIES. AS THE VOICE OF AGRICULTURE, WE IDENTIFY PROBLEMS, DEVELOP SOLUTIONS, PROMOTE ECONOMIC SUCCESS, AND ENHANCE THE QUALITY OF LIFE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE KENTUCKY FARM BUREAU FEDERATION WAS INCORPORATED ON FEBRUARY 15, 1921, UNDER THE LAWS OF THE COMMONWEALTH OF KENTUCKY, AS A NON-PROFIT ORGANIZATION WITHOUT CAPITAL STOCK, FOR THE ADVANCEMENT AND IMPROVEMENT OF AGRICULTURAL AND ALLIED INTERESTS OF THE FARMERS OF KENTUCKY. THE FEDERATION IS AN ORGANIZATION OF THE VARIOUS COUNTY FARM BUREAUS OF KENTUCKY AND THEIR MEMBERS, AND IS SUPPORTED BY MEMBERSHIP DUES FROM THESE COUNTY UNITS. ADDITIONAL INCOME IS RECEIVED FROM EARNINGS ON INVESTMENTS; FROM RENTAL OF OFFICE SPACE; FROM ROYALTIES AND LICENSING AGREEMENTS; AND FROM OTHER SUNDRY SOURCES. THE FEDERATION HAS THE POWER TO ACQUIRE AND HOLD PROPERTY; TO ACCEPT GIFTS AND BEQUESTS; TO APPROPRIATE AND EXPEND FUNDS FOR THE ADVANCEMENT OF FARMING AND ITS ALLIED INTERESTS; AND TO PERFORM ALL ACTS NECESSARY TO CARRY OUT THE PURPOSE FOR WHICH IT WAS ORGANIZED AND WHICH IT IS EMPOWERED TO DO UNDER ACTS OF THE KENTUCKY LEGISLATURE. AT OCTOBER 31, 2020, THERE WERE 460,467 PAID MEMBERSHIPS BEING SERVED BY THE KENTUCKY FARM BUREAU FEDERATION THROUGH THEIR PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Graham Executive Vice President | Officer | 40 | $286,081 |
Matthew Ingram Organization Director & Assistant To Exec VP | Officer | 40 | $263,737 |
Tom Logue Operations Director | 40 | $239,774 | |
Jeff Harper Public Affairs Director | 40 | $184,691 | |
Todd Bright Communications Director | 40 | $153,360 | |
Joe Cain Commodity Director | 40 | $141,834 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,758,043 |
| Investment income | $1,560,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,483,267 |
| Net Rental Income | $2,736,000 |
| Net Gain/Loss on Asset Sales | -$211,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,351,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,475 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $155,205 |
| Compensation of current officers, directors, key employees. | $695,411 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,102,192 |
| Pension plan accruals and contributions | $186,121 |
| Other employee benefits | $733,467 |
| Payroll taxes | $325,907 |
| Fees for services: Management | $825,537 |
| Fees for services: Legal | $12,301 |
| Fees for services: Accounting | $56,476 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $520,052 |
| Office expenses | $254,526 |
| Information technology | $205,493 |
| Royalties | $0 |
| Occupancy | $361,008 |
| Travel | $87,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,470,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,012,631 |
| Insurance | $84,504 |
| All other expenses | $287,382 |
| Total functional expenses | $13,708,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,967 |
| Savings and temporary cash investments | $1,446,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $611,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $287,657 |
| Net Land, buildings, and equipment | $10,342,679 |
| Investments—publicly traded securities | $6,418,375 |
| Investments—other securities | $7,597,315 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,799,792 |
| Accounts payable and accrued expenses | $1,011,867 |
| Grants payable | $0 |
| Deferred revenue | $125,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,149,803 |
| Total liabilities | $19,286,670 |
| Net assets without donor restrictions | $7,513,122 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,799,792 |
Grants Awarded
Over the last fiscal year, Kentucky Farm Bureau Federation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Gainesville, FL PURPOSE: HURRICANE MICHAEL RELIEF FOR AGRICULTURE | $5,000 |
Macon, GA PURPOSE: HURRICANE MICHAEL RELIEF FUND | $5,000 |
Owenton, KY PURPOSE: NEBRASKA DISASTER RELIEF | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Kentucky Farm Bureau Federation has recieved totaling $39,285.
| Awarding Organization | Amount |
|---|---|
Kentucky Farm Bureau Education Foundation Inc Louisville, KY PURPOSE: DISASTER RELIEF | $29,285 |
Mississippi Farm Bureau Foundation & Relief Fund Inc Jackson, MS PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Del-Co Water Company Inc Delaware, OH | $318,753,806 | $51,589,765 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Food Allergy Research & Education Inc Mclean, VA | $49,740,343 | $11,947,289 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |