Kentucky Farm Bureau Federation
- Assets
- $249.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Grayson, KY
- Founding
- 11/1959
- Data as of
- 10/2021
- EIN
- 61-0569079
Organization Overview
Kentucky Farm Bureau Federation is located in Grayson, KY. The organization was established in 1959. 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)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2021, Kentucky Farm Bureau Federation generated $99.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $83.6k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
BEING THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS, AND TAKING ACTION WHICH WILL IMPROVE NET FARM INCOME, ACHIEVE BETTER ECONOMIC OPPORTUNITES AND ENHANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leda Dean Sec & Treasur | 40 | $14,000 | |
David Mcglone President | 1 | $0 | |
Elwood Fankell 1st Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $55,144 |
| Investment income | $1,894 |
| Gain or Loss | -$5,764 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $48,155 |
| Total Revenue | $99,429 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $14,000 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $6,143 |
| Printing, publications, postage, and shipping | $1,193 |
| Other expenses | $62,301 |
| Total expenses | $83,637 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,775 |
| Other assets | $0 |
| Total assets | $249,506 |
| Total liabilities | $0 |
| Net assets or fund balances | $249,506 |
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 |