Kentucky Farm Bureau Federation
- Assets
- $3.1m
- Revenue
- $570.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Louisville, KY
- Founding
- 07/1945
- Data as of
- 10/2023
- EIN
- 61-6025339
Organization Overview
Kentucky Farm Bureau Federation is located in Louisville, KY. The organization was established in 1945. 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. As of 10/2023, Kentucky Farm Bureau Federation employed 4 individuals. 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 $570.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $647.0k during the year ending 10/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE INTERESTS OF FARMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP ORGANIZATION TO PROMOTE AND PROTECT THE INTERESTS OF FARMERS THROUGHOUT JEFFERSON COUNTY, KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Williams President | OfficerTrustee | 5 | $8,450 |
Daniel Wright Vice President | OfficerTrustee | 0.1 | $0 |
Clinton Kline Treasurer | OfficerTrustee | 0.1 | $0 |
Nancy Monroe Secretary | OfficerTrustee | 0.1 | $0 |
Alexandra Sandi Deutsch Director | Trustee | 0.1 | $600 |
Angela Williams Director | Trustee | 0.1 | $600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $460,324 |
| Investment income | $74,017 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,916 |
| 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 | $570,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,838 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,811 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,637 |
| Payroll taxes | $15,986 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,657 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,348 |
| Office expenses | $49,460 |
| Information technology | $2,504 |
| Royalties | $0 |
| Occupancy | $59,202 |
| Travel | $64,977 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $46,741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,668 |
| Insurance | $29,204 |
| All other expenses | $27,934 |
| Total functional expenses | $647,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,631 |
| Savings and temporary cash investments | $2,122,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,584 |
| 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 | $4,471 |
| Net Land, buildings, and equipment | $932,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,128,945 |
| Accounts payable and accrued expenses | $45,012 |
| Grants payable | $0 |
| Deferred revenue | $60,072 |
| 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 | $105,084 |
| Net assets without donor restrictions | $3,023,861 |
| 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 | $3,128,945 |