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← TENNESSEE FARM BUREAU FEDERATION

Form 990 for tax year 2022

Filed by TENNESSEE FARM BUREAU FEDERATION.

Totals

Total revenue
$12,468,711
Total expenses
$10,522,837
Contributions and grants received
$49,749
Grants paid
$203,694
Program service revenue
$9,436,807
Investment income
$606,859
Other revenue
$2,375,296
Total assets, end of year
$142,750,610
Total liabilities, end of year
$16,075,526
Net assets or fund balances, end of year
$126,675,084
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $49,749

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $9,256,980 · related or exempt $9,256,980

  • 2b · Program service revenue: ADVERTISING

    total $145,327 · unrelated business $145,327

  • 2c · Program service revenue: SPONSORSHIPS

    total $34,500 · excluded $34,500

  • 3 · Investment income

    total $494,906 · excluded $494,906

  • 5 · Royalties

    total $140,412 · excluded $140,412

  • 6a · Gross rents

    real property $2,996,238

  • 6b · Less rental expenses

    real property $2,220,454

  • 6c · Rental income or loss

    real property $775,784

  • 6d · Net rental income or loss

    total $775,784 · unrelated business $89,088 · excluded $686,696

  • 7a · Gross sales of assets other than inventory

    securities $2,636,343 · other assets $422,600

  • 7b · Less cost or other basis and sales expenses

    securities $2,572,009 · other assets $374,981

  • 7c · Gain or loss

    securities $64,334 · other assets $47,619

  • 7d · Net gain or loss

    total $111,953 · excluded $111,953

  • 10a · Gross sales of inventory

    $75,712

  • 10b · Cost of goods sold

    $106,343

  • 10c · Net income from sales of inventory

    total -$30,631 · excluded -$30,631

  • 11a · Other revenue: PRINTING SERVICE BUSINESS

    total $728,168 · unrelated business $728,168

  • 11b · Other revenue: MEMBER BENEFITS

    total $678,506 · unrelated business $678,506

  • 11c · Other revenue: ACCOUNTING SYSTEM

    total $80,807 · excluded $80,807

  • 11d · All other revenue

    total $2,250 · excluded $2,250

  • 11e · Other revenue, total

    $1,489,731

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $203,694

  • 5 · Compensation of officers, directors and key employees

    total $284,458

  • 7 · Other salaries and wages

    total $2,713,268

  • 8 · Pension plan contributions

    total $411,794

  • 9 · Other employee benefits

    total $787,672

  • 10 · Payroll taxes

    total $271,881

  • 11c · Fees: accounting

    total $65,882

  • 11f · Fees: investment management

    total $9,130

  • 11g · Fees: other

    total $121,331

  • 12 · Advertising and promotion

    total $283,961

  • 13 · Office expenses

    total $274,586

  • 14 · Information technology

    total $363,854

  • 16 · Occupancy

    total $147,486

  • 17 · Travel

    total $64,537

  • 19 · Conferences, conventions and meetings

    total $1,148,448

  • 22 · Depreciation, depletion and amortization

    total $291,539

  • 23 · Insurance

    total $75,857

  • 24a · Other expenses: MEMBER PUBLICATIONS

    total $1,841,755

  • 24b · Other expenses: PRINT SHOP EXPENSES

    total $916,275

  • 24c · Other expenses: PROGRAM DEVELOPMENT

    total $153,417

  • 24d · Other expenses: PUBLIC AFFAIRS

    total $56,244

  • 24e · All other expenses

    total $35,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,489,334 · end of year $1,664,357

  • 2 · Savings and temporary cash investments

    beginning of year $11,854,186 · end of year $11,709,830

  • 4 · Accounts receivable

    beginning of year $900,078 · end of year $945,623

  • 8 · Inventories for sale or use

    beginning of year $184,074 · end of year $186,879

  • 9 · Prepaid expenses and deferred charges

    beginning of year $597,176 · end of year $615,368

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

    $23,754,069

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

    $13,066,062

  • 10c · Land, buildings and equipment, net

    beginning of year $10,816,927 · end of year $10,688,007

  • 11 · Investments: publicly traded securities

    beginning of year $8,903,836 · end of year $12,006,154

  • 12 · Investments: other securities

    beginning of year $95,622,206 · end of year $94,533,922

  • 15 · Other assets

    beginning of year $7,379,286 · end of year $10,400,470

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,182,953 · end of year $990,272

  • 19 · Deferred revenue

    beginning of year $5,057,327 · end of year $5,034,158

  • 25 · Other liabilities

    beginning of year $10,159,868 · end of year $10,051,096

  • 27 · Net assets without donor restrictions

    beginning of year $123,346,955 · end of year $126,675,084

Mission and programs · 2022

Mission

TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE GENERAL WELFARE, INCLUDING ECONOMIC, SOCIAL, EDUCATIONAL AND POLITICAL WELL-BEING OF FARM PEOPLE OF THE GREAT STATE OF TENNESSEE.

Activities or mission (Part I)

PROMOTE, PROTECT AND REPRESENT THE BUSINESS, ECONOMIC, SOCIAL AND EDUCATIONAL INTERESTS OF TENNESSEE FARMERS.

  • COMMUNICATIONS - TENNESSEE FARM BUREAU FEDERATION (TFBF) LEADERS AND MEMBERS ARE INFORMED THROUGH MULTIFACETED COMMUNICATION EFFORTS. TWO PUBLICATIONS INFORM ALL MEMBERS. THE "TENNESSEE FARM BUREAU NEWS" IS SENT TO APPROXIMATELY 60,000 FARMER MEMBERS BI-MONTHLY AND SPEAKS TO CURRENT AGRICULTURAL ISSUES. OUR AWARD WINNING MAGAZINE "TENNESSEE HOME AND FARM," IS DELIVERED TO 688,000 PLUS MEMBERS QUARTERLY, AND EDUCATES ALL MEMBERS ABOUT AGRICULTURE. IN ADDITION, NEWSPAPER ARTICLES, DAILY RADIO PROGRAMMING AND TELEVISION STORIES ARE MADE AVAILABLE TO LOCAL, STATE, AND NATIONAL MEDIA MARKET OUTLETS. TFBF DEVELOPED VIDEOS ARE USED AT TRAINING MEETINGS AS WELL AS COUNTY MEETINGS. THE INTERNET WEBSITE, BLAST EMAILS, FACEBOOK, TWITTER AND OTHER SOCIAL MEDIA ARE USED TO COMMUNICATE TENNESSEE AGRICULTURE.

  • LEADERSHIP - INFORMED FARMER LEADERSHIP IS THE STARTING PLACE FOR ACCOMPLISHING OUR MISSION. WITHOUT MEMBER LEADERS, WE WOULD BE UNABLE TO ACCOMPLISH OUR MISSION. LEADERSHIP DEVELOPMENT OPPORTUNITIES ARE PROVIDED FOR FARMER LEADERS THROUGH OUR STATE AND NATIONAL ANNUAL MEETINGS, STATEWIDE CONFERENCES (PRESIDENTS, FARM BUREAU WOMEN, AND YOUNG FARMERS AND RANCHERS) AND REGIONAL MEETINGS (POLICY DEVELOPMENT, LEGISLATIVE AWARENESS, FARM BUREAU WOMEN, AND YOUNG FARMERS AND RANCHERS). NUMEROUS OTHER SPECIAL ISSUE MEETINGS PROVIDE LEADERSHIP TRAINING OPPORTUNITIES FOR OUR MEMBER FARMER LEADERS. STAFF HOLD LOCAL TRAINING SESSIONS WITH NEW COUNTY PRESIDENTS AND WITH COUNTY BOARD AND COMMITTEE MEMBERS. TFBF ALSO COOPERATES WITH AGRICULTURAL GROUPS IN REGIONAL LEADERSHIP TRAINING PROGRAMS.

  • PUBLIC POLICY - THE FOREMOST MISSION OF TFBF IS TO REPRESENT TENNESSEE FARMERS' INTERESTS AT THE LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS OF GOVERNMENT. GRASSROOTS PUBLIC POLICY IS DEVELOPED BY WORKING WITH FARMER LEADERS WITHIN OUR NINETY-FIVE COUNTY FARM BUREAUS. TFBF STAFF COORDINATES WITH FARMER LEADERS TO COMMUNICATE AND DEFEND THIS POLICY IN LEGISLATIVE AND REGULATORY BODIES AT THE LOCAL, STATE, AND NATIONAL LEVEL. WE WORK WITH OTHER STATE FARM BUREAUS THROUGH OUR NATIONAL AFFILIATE, THE AMERICAN FARM BUREAU FEDERATION, TO REPRESENT OUR FARMER MEMBERS' INTERESTS ON THE INTERNATIONAL LEVEL. EVERY ACTIVITY PROMOTED BY TFBF HAS THE OBJECTIVE OF SUPPORTING AND ENHANCING TFBF'S PUBLIC POLICY EFFORTS.

As filed on the 2022 return.

Listed in Part VII

  • Jerry Cook

    TREASURER

    Total calculated
    $2,346,793
    From this org
    $0
    From related orgs
    $1,829,548
    Other
    $517,245
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,050 related
    Bonus
    $0 + $125,188 related
    Other
    $0 + $1,451,310 related
    Deferred
    $0 + $499,606 related
    Nontaxable benefits
    $0 + $17,639 related
    Filer's total
    $0 + $2,346,793 related

  • Eric Mayberry

    PRESIDENT

    Total calculated
    $754,335
    From this org
    $79,334
    From related orgs
    $631,915
    Other
    $43,086
    Hours/week
    40 + 20 related

    Schedule J breakdown matched by us

    Base
    $71,689 + $78,652 related
    Bonus
    $450 + $25,056 related
    Other
    $7,195 + $528,207 related
    Deferred
    $10,232 + $15,215 related
    Nontaxable benefits
    $0 + $17,639 related
    Filer's total
    $89,566 + $664,769 related

  • Rhedona Rose

    EXECUTIVE VP/SECRETARY

    Total calculated
    $365,750
    From this org
    $181,722
    From related orgs
    $17,076
    Other
    $166,952
    Hours/week
    40 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $172,341
    Bonus
    $1,320 + $17,076 related
    Other
    $8,061
    Deferred
    $145,622 + $14,046 related
    Nontaxable benefits
    $7,284
    Filer's total
    $334,628 + $31,122 related

  • William Bryan Wright

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $289,977
    From this org
    $130,723
    From related orgs
    $0
    Other
    $159,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,629
    Bonus
    $2,000
    Other
    $5,094
    Deferred
    $141,830
    Nontaxable benefits
    $17,424
    Filer's total
    $289,977

  • Louis Lee Maddox

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $248,956
    From this org
    $141,202
    From related orgs
    $0
    Other
    $107,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,570
    Bonus
    $2,190
    Other
    $15,442
    Deferred
    $90,115
    Nontaxable benefits
    $17,639
    Filer's total
    $248,956

  • Joe McKinnon

    DIRECTOR OF FIELD SERVICES

    Total calculated
    $227,747
    From this org
    $130,017
    From related orgs
    $0
    Other
    $97,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,714
    Bonus
    $2,180
    Other
    $4,123
    Deferred
    $80,091
    Nontaxable benefits
    $17,639
    Filer's total
    $227,747

  • Edward Clark

    REGIONAL FIELD DIRECTOR

    Total calculated
    $202,826
    From this org
    $107,876
    From related orgs
    $0
    Other
    $94,950
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,070
    Bonus
    $2,480
    Other
    $1,326
    Deferred
    $77,311
    Nontaxable benefits
    $17,639
    Filer's total
    $202,826

  • Daniel Strasser

    DIRECTOR OF SPECIAL PROGRAMS

    Total calculated
    $154,743
    From this org
    $114,867
    From related orgs
    $0
    Other
    $39,876
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $104,004
    Bonus
    $1,740
    Other
    $9,123
    Deferred
    $22,237
    Nontaxable benefits
    $17,639
    Filer's total
    $154,743

  • David Richisin

    DIRECTOR

    Total calculated
    $27,429
    From this org
    $1,350
    From related orgs
    $26,079
    Other
    $0
    Hours/week
    3 + 1.5 related

  • John Chester

    DIRECTOR

    Total calculated
    $27,256
    From this org
    $1,350
    From related orgs
    $25,906
    Other
    $0
    Hours/week
    3 + 1.5 related

  • James Haskew

    DIRECTOR

    Total calculated
    $27,091
    From this org
    $1,700
    From related orgs
    $25,391
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Josh Ogle

    DIRECTOR

    Total calculated
    $26,889
    From this org
    $1,250
    From related orgs
    $25,639
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Charles Hancock

    DIRECTOR

    Total calculated
    $26,601
    From this org
    $1,150
    From related orgs
    $25,451
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Mike Scudder

    DIRECTOR

    Total calculated
    $26,106
    From this org
    $1,250
    From related orgs
    $24,856
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Travis Tilley

    DIRECTOR

    Total calculated
    $24,738
    From this org
    $1,600
    From related orgs
    $23,138
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Catherine Via

    DIRECTOR

    Total calculated
    $16,997
    From this org
    $1,250
    From related orgs
    $15,747
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Terry Snyder

    DIRECTOR

    Total calculated
    $16,727
    From this org
    $1,400
    From related orgs
    $15,327
    Other
    $0
    Hours/week
    3 + 1.5 related

  • Brenda Baker

    DIRECTOR

    Total calculated
    $16,577
    From this org
    $1,250
    From related orgs
    $15,327
    Other
    $0
    Hours/week
    3 + 1.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
MR. ERIC MAYBERRY BECAME ELIGIBLE FOR PARTICIPATION IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH TENNESSEE FARMERS MUTUAL INSURANCE, A RELATED ORGANIZATION, DURING THE YEAR. $506,363 WAS REPORTED AS TAXABLE INCOME FOR THE YEAR PERTAINING TO HIS ADMITTANCE INTO THE PLAN. ALL OF THIS AMOUNT WAS PAID BY TENNESSEE FARMERS MUTUAL INSURANCE, AND NONE OF THIS AMOUNT WAS PAID BY THE FEDERATION. MR. JERRY COOK BECAME ELIGIBLE FOR PARTICIPATION IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN WITH TENNESSEE FARMERS MUTUAL INSURANCE, A RELATED ORGANIZATION, DURING THE YEAR. $1,435,533 WAS REPORTED AS TAXABLE INCOME FOR THE YEAR PERTAINING TO HIS ADMITTANCE INTO THE PLAN. ALL OF THIS AMOUNT WAS PAID BY TENNESSEE FARMERS MUTUAL INSURANCE, AND NONE OF THIS AMOUNT WAS PAID BY THE FEDERATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

  • TENNESSEE FARM BUREAU FEDERATION INC (TFBF CORPORATION)

    C · HOLDING COMPANY · TN · 100% owned · share of income -$194,588 · share of assets $3,488,574 · controlled entity

    Directly controlled by TENNESSEE FARM BUREAU FEDERATION

  • TENNESSEE LIVESTOCK PRODUCERS INC

    C · HANDLING AND MARKETING OF LIVESTOCK · TN · 100% owned · share of income $195,321 · share of assets $3,215,846 · controlled entity

    Directly controlled by TFBF CORPORATION

  • FARMERS SERVICES INC

    C · TAX AND BUSINESS SERVICES · TN · 100% owned · share of income $5,915,381 · share of assets $3,332,119 · controlled entity

    Directly controlled by TFBF CORPORATION

  • TENNESSEE FARMERS LIFE INSURANCE COMPANY

    C · LIFE INSURANCE · TN · 4.92% owned · share of income $16,193,900 · share of assets $127,368,901

    Directly controlled by TENNESSEE FARMERS MUTUAL INSURANCE

  • TENNESSEE FARMERS ASSURANCE COMPANY

    C · PROPERTY AND CASUALTY INSURANCE · TN · 4.41% owned · share of income $35,027,298 · share of assets $90,814,755

    Directly controlled by TENNESSEE FARMERS MUTUAL INSURANCE

  • TENNESSEE FARMERS MUTUAL INSURANCE

    C · PROPERTY AND CASUALTY INSURANCE · TN

  • TENNESSEE RURAL HEALTH

    C · HEALTH INSURANCE · TN

  • MEMBERS HEALTH INSURANCE COMPANY

    C · HEALTH INSURANCE · TN

  • A TOTAL TRAVEL INC

    C · TRAVEL ACTIVITIES · TN · 4.92% owned · share of income $14,732 · share of assets $41,295

    Directly controlled by TENNESSEE FARMERS MUTUAL INSURANCE

  • TF SUPPORT SERVICES INCORPORATED

    C · INSURANCE BROKER · TN · 4.41% owned · share of income $1,008,111 · share of assets $1,550,915

    Directly controlled by TENNESSEE FARMERS MUTUAL INSURANCE

  • TF PROPERTIES INC

    C · REAL ESTATE HELD FOR SALE · TN · 4.67% owned · share of income $36,259 · share of assets $2,910,411

    Directly controlled by TENNESSEE FARMERS MUTUAL INSURANCE

Provenance

Return type
form_990
Tax year
2022
Filed
20 June 2024
IRS schema version
2022v5.0
Source object
202441769349301144

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