Kentucky Farm Bureau Federation
- Assets
- $811.3k
- Revenue
- $246.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabethtown, KY
- Founding
- 03/1964
- Data as of
- 08/2024
- EIN
- 61-0533214
Organization Overview
Kentucky Farm Bureau Federation is located in Elizabethtown, KY. The organization was established in 1964. 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 08/2024, Kentucky Farm Bureau Federation generated $246.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $313.1k during the year ending 08/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ANALYZE AGRICULTURAL PROBLEMS AND FORMULATING ACTION TO ACHIEVE EDUCATIONAL IMPROVEMENT, ECONOMIC OPPORTUNITY AND SOCIAL ADVANCEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SERVICES FOR FARMERS & FAMILIES PROVIDING EDUCATIONAL BENEFITS ON VARIOUS FARM RELATED SUBJECTS TO OVER 11,800 MEMBERS
GENERAL SERVICES FOR FARMERS & FAMILIES PROVIDING EDUCATIONAL BENEFITS ON VARIOUS FARM RELATED SUBJECTS TO OVER 11,800 MEMBERS
FARM SUPPLIES, PRODUCTS, SAFETY ITEMS AND COMMODITIES - SOLD TO PROMOTE AGRICULTURE AND SAFETY AT COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Adams Director | Trustee | $0 | |
Jason Buckles Director | Trustee | $0 | |
Chuck Crutcher Director | Trustee | $0 | |
Paul Hayse Director | Trustee | $0 | |
Zach Heibert Director | Trustee | $0 | |
Larry Jaggers II Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $129,891 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,166 |
| Total Program Service Revenue | $13,292 |
| Investment income | $38,934 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $54,360 |
| 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 | $246,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,025 |
| Grants and other assistance to domestic individuals. | $43,520 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,699 |
| Office expenses | $2,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,198 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,931 |
| Insurance | $2,785 |
| All other expenses | $48,390 |
| Total functional expenses | $313,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $755,859 |
| Savings and temporary cash investments | $0 |
| 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 |
| Net Land, buildings, and equipment | $54,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,040 |
| Total assets | $811,314 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $811,314 |
| 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 | $811,314 |
Grants Awarded
Over the last fiscal year, Kentucky Farm Bureau Federation has awarded $43,691 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HARDIN COUNTY BOARD OF EDUCATION PURPOSE: PAVILION | $8,000 |
HARDIN COUNTY SHERIFF PURPOSE: DRONE PROJECT | $20,000 |
CITY OF RADCLIFF PURPOSE: DRONE PROJECT | $15,691 |