Kentucky Farm Bureau Federation
- Assets
- $490.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morganfield, KY
- Founding
- 03/1964
- Data as of
- 10/2023
- EIN
- 61-6024908
Organization Overview
Kentucky Farm Bureau Federation is located in Morganfield, 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 10/2023, Kentucky Farm Bureau Federation generated $70.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $73.0k during the year ending 10/2023. 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
PART III UNION COUNTY FARM BUREAU ENGAGED IN THE FOLLOWING ACTIVITIES WITH THE INTENTION OF PROMOTING AGRICULTURE: (NUMBER OF PARTICIPANTS IN PARENTHESES) * PROVIDE MEMBERS AN OPPORTUNITY TO ATTEND FARM BUREAU STATE & NATIONAL ANNUAL MEETINGS TO SHARE IDEAS, PARTICIPATE IN MEETINGS AND DISCUSSIONS, VISIT WITH FARMERS, POLITICIANS AND THOSE INTERESTED IN SUCCESS OF THE AGRICULTURAL INDUSTRY (30). * PROVIDE A FORUM FOR YOUNG PEOPLE TO DEMONSTRATE THEIR TALENTS AND ABILITIES ON A LOCAL, STATE AND NATIONAL LEVEL (15) * PROVIDE MEMBERS AN OPPORTUNITY TO RECEIVE SCHOLARSHIP MONEY TO ASSIST THEM WITH THE COSTS OF HIGHER EDUCATION (12) * PROVIDE MEMBERS AN OPPORTUNITY TO MEET WITH LOCAL, STATE AND FEDERAL ELECTED OFFICIALS TO DISCUSS AGRICULTURAL ISSUES (95) * SPONSOR A SAFETY FIELD DAY FOR FIFTH GRADE STUDENTS IN ALL SCHOOLS IN UNION COUNTY (200) * FOOD CHECK-OUT DAY PROCLAMATION; DONATION OF FOOD TO AUDUBON AREA SERVICES. * DONATION OF $200 FOR RELAY FOR LIFE LUMINARIES. * PROVIDE LOCAL NEWSPAPERS, RADIO AND TELEVISION STATIONS WITH INFORMATION ON EVENTS AND ISSUES RELATING TO AGRICULTURE AND ACTIVITIES AND PROGRAMS PROVIDED OR SPONSORED BY UNION COUNTY FARM BUREAU. INFORMATION ALSO ON UNION COUNTY FARM BUREAU WEBSITE. * WE ARE PROVIDING ALL OF OUR COUNTY SCHOOLS AND LIBRARIES WITH AGRICULTURAL BOOKS. (25) PROVIDE LOCAL TEACHERS WITH SUMMER TRAINING (6)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dustin White President | 5 | $0 | |
Bryan Hendrickson Vice President | 5 | $0 | |
Ben Dossett Director | 5 | $0 | |
Tammy White Director | 5 | $0 | |
Jerad Day Director | 5 | $0 | |
Clay Wells Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,679 |
| Membership dues | $27,464 |
| Investment income | $652 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,795 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $45,707 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,839 |
| Printing, publications, postage, and shipping | $5,643 |
| Other expenses | $0 |
| Total expenses | $72,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $158,737 |
| Other assets | $0 |
| Total assets | $490,482 |
| Total liabilities | $331,745 |
| Net assets or fund balances | $158,737 |