Kentucky Farm Bureau Federation
- Assets
- $43.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Booneville, KY
- Founding
- 02/1970
- Data as of
- 10/2023
- EIN
- 61-0603802
Organization Overview
Kentucky Farm Bureau Federation is located in Booneville, KY. The organization was established in 1970. 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 10/2023, Kentucky Farm Bureau Federation generated $23.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $27.7k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (6.1%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
TO ORGANIZE EFFECTIVELY TO PROMOTE AND PROTECT THE INTEREST OF KY FARMERS; TO ENLARGE AND ENABLE THEIR FIELD OF ENDEAVOR AND TO WIN FOR THEM THAT RECOGNITION OF THEIR USEFULNESS AND RESPECT TO WHICH TRY ARE JUSTLY ENTITLED; TO RAISE THE STANDARDS OF FARMING AND HOMEMAKING TO RESPECT FARMERS IN ANY LEGITIMATE MANNER WHICH MAY PROMOTE THEIR BEST INTEREST-ECONOMICALLY, EDUCATIONALLY AND SOCIALLY AND TO COOPERATE WITH ALL OTHER ORGANIZATIONS AND AGENCIES WORKING IN THE FIELD OF AGRICULTURE IN THE ACHIEVEMENT OF THESE OBJECTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dickie Edwards President | 10 | $0 | |
James Barrett Vice President | 10 | $0 | |
Todd Campbell Secretary/treas | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,931 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $222 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,153 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $492 |
| Occupancy, rent, utilities, and maintenance | $5,400 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,778 |
| Total expenses | $27,670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,848 |
| Other assets | $0 |
| Total assets | $43,699 |
| Total liabilities | $0 |
| Net assets or fund balances | $43,699 |