Kentucky Farm Bureau Federation
- Assets
- $1.6m
- Revenue
- $64.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Hopkinsville, KY
- Founding
- 12/1944
- Data as of
- 10/2020
- EIN
- 61-0457362
Organization Overview
Kentucky Farm Bureau Federation is located in Hopkinsville, KY. The organization was established in 1944. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within 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 $64.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.2%) each year. All expenses for the organization totaled $85.3k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 years. 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 VOLUNTARY ORGANIZATION OF FARM AMILITIES AND THEIR ALLIES DEDICATED TO SERVING AS THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS AND TAKING ACTIONS THAT WILL IMPROVE FARM OPERATIONS, ACHIEVE BETTER ECONOMIC OPPORTUNITIES AND ENHANCE THE QUALITY OF LIFE FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE INFORMATION ABOUT PROGRAMS AND AGRICULTURAL ACTIVITIES INCLUDING AGRICULTURAL SAFETY AND HEALTH ISSUES AND EDUCATION ABOUT THE ROLE OF AGRICULTURE IN SOCIETY AND OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Campbell Secretary/tr | OfficerTrustee | $0 | |
J E Pryor President | OfficerTrustee | $0 | |
Glenda Wright Vice Preside | OfficerTrustee | $0 | |
Tiffany Bolinger Director | Trustee | $0 | |
Kent Boyd Director | Trustee | $0 | |
Barry Cornelius Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,555 |
| Investment income | $1,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$31,190 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $8,672 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $6,974 |
| Compensation of current officers, directors, key employees. | $10,852 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,798 |
| Payroll taxes | $898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,266 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,305 |
| Interest | $0 |
| Payments to affiliates | $6,294 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $85,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,574 |
| Savings and temporary cash investments | $94,693 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,600,303 |
| Accounts payable and accrued expenses | $552 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $903,602 |
| Other liabilities | $0 |
| Total liabilities | $904,154 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $696,149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Ohio Ecological Food And Farm Association Certification Columbus, OH | $723,448 | $1,998,099 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Producers Livestock Credit Assoc Columbus, OH | $13,618,291 | $3,463,725 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
Ohio Corn & Wheat Growers Assoc Delaware, OH | $2,239,785 | $1,312,659 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |