Kentucky Farm Bureau Federation
- Assets
- $776.1k
- Revenue
- $177.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Ashland, KY
- Founding
- 03/1964
- Data as of
- 12/2022
- EIN
- 61-6033242
Organization Overview
Kentucky Farm Bureau Federation is located in Ashland, 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 12/2022, Kentucky Farm Bureau Federation generated $177.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $161.6k during the year ending 12/2022. 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
PROVIDE INSURANCE COVERAGE FOR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HELP FOR KENTUCKY FARM BUREAU INSURANCE COMPANY
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $155,642 |
| 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 | $155,642 |
| Total Program Service Revenue | $0 |
| Investment income | $207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,120 |
| 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 | $31 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $177,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $28,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,180 |
| Office expenses | $12,692 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,131 |
| Travel | $518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,813 |
| Insurance | $4,236 |
| All other expenses | $354 |
| Total functional expenses | $161,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,440 |
| Savings and temporary cash investments | $200,000 |
| 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 | $399,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,129 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,075 |
| Total liabilities | $1,075 |
| Net assets without donor restrictions | $0 |
| 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 | $265,959 |
| Retained earnings, endowment, accumulated income, or other funds | $509,095 |
| Total liabilities and net assets/fund balances | $776,129 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Ohio Ecological Food And Farm Association Certification Columbus, OH | $723,448 | $1,998,099 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Producers Livestock Credit Assoc Columbus, OH | $13,618,291 | $3,463,725 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
Ohio Corn & Wheat Growers Assoc Delaware, OH | $2,239,785 | $1,312,659 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |