Kentucky Farm Bureau Federation
- Assets
- $424.8k
- Revenue
- $80.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Flemingsburg, KY
- Founding
- 03/1964
- Data as of
- 10/2022
- EIN
- 61-6030318
Organization Overview
Kentucky Farm Bureau Federation, operating under the name Fleming County Farm Bureau, is located in Flemingsburg, 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. Fleming County Farm Bureau is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Fleming County Farm Bureau generated $80.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $68.4k during the year ending 10/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A VOLUNTARY GROUP OF MEMBERS OF FARM FAMILIES DEDICATED TO SERVING AS A VOICE OF AGRICULTURE BY INDENTIFYING PROBLEMS,DEVELOPING SOLUTIONS AND TAKING ACTIONS WHICH WILL IMPROVE NET FARM INCOME AND ACHIEVE BETTER ECONOMIC OPPORTINUTIES AND LIFE QUALITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGE, SUPPORT, TRAIN AND REWARD YOUTH AND YOUNG FARM FAMILIES WHO ARE ACTIVTELY ENGAGED IN AGRICULTURE IN FLEMING COUNTY, KENTUCKY. THESE INCLUDE PRIZES FOR COUNTY FAIRS, SPONSORING DELEGATES TO ATTEND FARM CONVENTIONS AND GIVING RECOGNITION FOR YOUNG FARMERS
PROMOTING AWARENESS OF AGRICULTUREAL AND COUNTY SPECIFIC ISSUES DEALING WITH THE ECONOMICS OF AGRICULTURE BY SPONSORING VARIOUS COUNTY PROGRAMS SUCH AS THE LIVESTOCK SHOWS AND BOOTHS AT THE KENTUCKY STATE FAIR
ENCOURAGING YOUNG PEOPLE TO PURSUE HIGHER EDUCATION IN AGRICULTURE AND AGRICULTURE RELATED FIELDS BY PROVIDING SCHOLARSHIPS TO HEP SUPPLEMENT THEIR EDUCATION GOALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Clark President | Officer | 2 | $0 |
Wayne Grannis Agency Mgrs. | Officer | 2 | $0 |
Terry Ishmael 2nd Vice Pre | Officer | 2 | $0 |
Duane Lowe Office Secre | Officer | 2 | $0 |
Cassie Porter Secretary | Officer | 2 | $0 |
Cj Vice Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,318 |
| 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 | $54,318 |
| Total Program Service Revenue | $13,671 |
| Investment income | $75 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,000 |
| 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 | $80,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $700 |
| Office expenses | $274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,441 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,381 |
| Insurance | $2,470 |
| All other expenses | $1,826 |
| Total functional expenses | $68,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,264 |
| Savings and temporary cash investments | $10,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $350,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $424,822 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $41,264 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,264 |
| Net assets without donor restrictions | $383,558 |
| 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 | $424,822 |