Kentucky Farm Bureau Federation
- Assets
- $122.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, KY
- Founding
- 05/1945
- Data as of
- 09/2023
- EIN
- 61-6032507
Organization Overview
Kentucky Farm Bureau Federation is located in Danville, 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. 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 09/2023, Kentucky Farm Bureau Federation generated $76.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $91.8k during the year ending 09/2023. While expenses have increased by 1.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
SUPPORT OF AGRICULTURAL EDUCATION AND PRODUCTION IN LOCAL COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spencer Guinn President | 0.5 | $0 | |
Terry Gilbert Vice President | 5 | $1,894 | |
Bill Hundley Sec/treas | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,297 |
| Investment income | $16,200 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $32,884 |
| Total Revenue | $76,381 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $29,477 |
| Salaries, other compensation, and employee benefits | $1,894 |
| Professional fees and other payments to independent contractors | $1,745 |
| Occupancy, rent, utilities, and maintenance | $19,516 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,670 |
| Total expenses | $91,760 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,976 |
| Other assets | $0 |
| Total assets | $122,708 |
| Total liabilities | $0 |
| Net assets or fund balances | $122,708 |