Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $124,000

• 2a · Program service revenue: MEMBER DUES

  total $28,979,550 · related or exempt $28,979,550

• 2b · Program service revenue: EVENTS

  total $5,622,163 · related or exempt $4,349,041 · excluded $1,273,122

• 2c · Program service revenue: FARMSHOW PROGRAM ADS

  total $116,818 · unrelated business $116,818

• 3 · Investment income

  total $1,540,984 · excluded $1,540,984

• 5 · Royalties

  total $21,306 · excluded $21,306

• 11a · Other revenue: SHARED SERVICES

  total $757,080 · related or exempt $757,080

• 11b · Other revenue: SUBLEASE INCOME

  total $67,600 · excluded $67,600

• 11c · Other revenue: WEB ADVERTISING

  total $500 · unrelated business $500

• 11d · All other revenue

  total $94,022 · excluded $94,022

• 11e · Other revenue, total

  $919,202

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $331,751

• 5 · Compensation of officers, directors and key employees

  total $2,517,231

• 7 · Other salaries and wages

  total $11,319,404

• 8 · Pension plan contributions

  total $1,080,707

• 9 · Other employee benefits

  total $888,093

• 10 · Payroll taxes

  total $942,271

• 11b · Fees: legal

  total $483,714

• 11c · Fees: accounting

  total $114,025

• 11d · Fees: lobbying

  total $4,271

• 11g · Fees: other

  total $351,130

• 12 · Advertising and promotion

  total $136,313

• 13 · Office expenses

  total $722,226

• 14 · Information technology

  total $654,764

• 16 · Occupancy

  total $2,290,827

• 17 · Travel

  total $4,494,844

• 19 · Conferences, conventions and meetings

  total $4,149,698

• 22 · Depreciation, depletion and amortization

  total $751,560

• 23 · Insurance

  total $190,650

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $595,299

• 24b · Other expenses: OTHER TAXES & FEES

  total $19,287

• 24c · Other expenses: TRAINING

  total $15,387

• 24e · All other expenses

  total $12,271

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,771,595 · end of year $2,208,287

• 2 · Savings and temporary cash investments

  beginning of year $9,994,352 · end of year $19,826,423

• 3 · Pledges and grants receivable

  beginning of year $145,000 · end of year $75,000

• 4 · Accounts receivable

  beginning of year $1,486,122 · end of year $1,564,580

• 7 · Other notes and loans receivable

  beginning of year $2,720,000 · end of year $2,720,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,167,872 · end of year $1,028,631

• 10a · Land, buildings and equipment: cost or other basis

  $8,142,293

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,387,305

• 10c · Land, buildings and equipment, net

  beginning of year $891,000 · end of year $754,988

• 11 · Investments: publicly traded securities

  beginning of year $43,543,346 · end of year $46,605,482

• 12 · Investments: other securities

  beginning of year $14,892,220 · end of year $14,990,555

• 13 · Investments: program-related

  beginning of year $99,707 · end of year $95,285

• 14 · Intangible assets

  beginning of year $4,436,000 · end of year $3,928,377

• 15 · Other assets

  beginning of year $273,549 · end of year $14,583,083

• 17 · Accounts payable and accrued expenses

  beginning of year $1,896,740 · end of year $1,677,003

• 19 · Deferred revenue

  beginning of year $2,430,000 · end of year $1,766,092

• 25 · Other liabilities

  beginning of year $1,530,803 · end of year $14,998,384

• 27 · Net assets without donor restrictions

  beginning of year $80,696,220 · end of year $89,131,212

• 28 · Net assets with donor restrictions

  beginning of year $867,000 · end of year $808,000

The filer's explanations (Part III)

PART I, LINE 1A

CERTAIN EMPLOYEES RECEIVE TAX GROSS-UP PAYMENTS ON BONUS AND DEFERRED COMPENSATION PAYMENTS. THESE AMOUNTS ARE INCLUDED IN TAXABLE WAGES WHEN RECEIVED. THE SPOUSE OF THE PRESIDENT TRAVELS TO AFBF MEETINGS WHEN THERE ARE SCHEDULED BUSINESS ACTIVITIES. SPOUSAL TRAVEL IS INCLUDED AS TAXABLE WAGES WHEN PAID.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• AFBF LEGAL ADVOCACY PROGRAM LLC

  AFBF LEGAL ADVOCACY PROGRAM, LLC A SINGLE MEMBER LLC · DE · income $109,452 · assets $3,930,008

  Directly controlled by AMERICAN FARM BUREAU FEDERATION

• IDEAG GROUP LLC

  PRODUCTION OF REGIONAL FARM SHOWS · DE · income $3,996,042 · assets $9,740,077

  Directly controlled by AMERICAN FARM BUREAU FEDERATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• AMERICAN FARM BUREAU INC

  C · BUSINESS MANAGEMENT · IL · 100% owned · share of income $1,563,225 · share of assets $3,565,921 · controlled entity

  Directly controlled by AMERICAN FARM BUREAU FEDERATION