Kentucky Farm Bureau Federation
- Assets
- $224.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vanceburg, KY
- Founding
- 03/1964
- Data as of
- 10/2023
- EIN
- 61-6029847
Organization Overview
Kentucky Farm Bureau Federation is located in Vanceburg, 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 $65.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $76.8k 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
FARM BUREAU INSURANCE FEDERATION DUES COLLECTED AT LOCAL LEVEL, PORTION OF DUES IS PAID TO DISTRICT ASSOCIATION MEMBERSHIP MEETING - 3,116 MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Searingen President | 2 | $0 | |
Phillip Stamm Vice President | 2 | $0 | |
Kristi Arthurs Sec/treas | 2 | $0 | |
Rex Elam Agency Manager | 2 | $0 | |
Karen Roe Director | 2 | $0 | |
Tim Lykins Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,801 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $32,909 |
| Total Revenue | $65,710 |
| 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 | $325 |
| Occupancy, rent, utilities, and maintenance | $5,590 |
| Printing, publications, postage, and shipping | $66 |
| Other expenses | $70,865 |
| Total expenses | $76,846 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,581 |
| Other assets | $0 |
| Total assets | $224,433 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,433 |