Form 990 for tax year 2023
Filed by KENTUCKY FARM BUREAU FEDERATION.
Totals
- Total revenue
- $64,464
- Total expenses
- $38,874
- Contributions and grants received
- $56,655
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $5,092
- Other revenue
- $2,717
- Total assets, end of year
- $502,241
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $502,241
- Program services expenses (Part IX)
- $26,947
- Management and general expenses
- $10,827
- Fundraising expenses
- $1,100
- Program service expenses (Part III)
- $26,947
Program services were 69.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1b · Membership dues
$22,609
-
1f · All other contributions, gifts and grants
$34,046
-
3 · Investment income
total $5,092 · related or exempt $5,092
-
6a · Gross rents
real property $19,200
-
6b · Less rental expenses
real property $16,483
-
6c · Rental income or loss
real property $2,717
-
6d · Net rental income or loss
total $2,717 · related or exempt $2,717
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $4,020 · management and general $4,020
-
11c · Fees: accounting
total $650 · management and general $650
-
12 · Advertising and promotion
total $264 · management and general $264
-
13 · Office expenses
total $422 · management and general $422
-
16 · Occupancy
total $757 · management and general $757
-
22 · Depreciation, depletion and amortization
total $873 · management and general $873
-
24a · Other expenses: Program service Pt III
total $26,947 · program services $26,947
-
24b · Other expenses: Billing sets
total $3,826 · management and general $3,826
-
24c · Other expenses: Corp fee
total $15 · management and general $15
-
24d · Other expenses: Clay shoot fundraiser
total $1,100 · fundraising $1,100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,935 · end of year $3,943
-
2 · Savings and temporary cash investments
beginning of year $214,777 · end of year $214,456
-
10a · Land, buildings and equipment: cost or other basis
$440,281
-
10b · Land, buildings and equipment: accumulated depreciation
$156,439
-
10c · Land, buildings and equipment, net
beginning of year $259,939 · end of year $283,842
-
27 · Net assets without donor restrictions
beginning of year $476,651 · end of year $502,241
Mission and programs · 2023
Mission
To serve the farm families of Knox County through advice, scholarship, support for FFA clubs, education meetings and activities
Activities or mission (Part I)
Identifying problems, developng solutions and taking actions to improve farming and economic conditions for farm families of Knox County and their allies
-
Annual memberships and education meetings for all members
Expenses $12,117
-
College scholarships for three Knox County residents 3000.00
Expenses $7,125
-
Youth Ag day 1295
Expenses $7,705
As filed on the 2023 return.
Listed in Part VII
-
Cloyce Hinkle
President
- Total calculated
- $540
- From this org
- $540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Alex Patterson
Vice President
- Total calculated
- $480
- From this org
- $480
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Mark Smith
Treasurer
- Total calculated
- $540
- From this org
- $540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Judith Hinkle
Secretary
- Total calculated
- $540
- From this org
- $540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Courtney Brndl
Director
- Total calculated
- $300
- From this org
- $300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Buddy Brewer
Director
- Total calculated
- $240
- From this org
- $240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Josh Ramsey
Director
- Total calculated
- $300
- From this org
- $300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Larry Taylor
Director
- Total calculated
- $540
- From this org
- $540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tammy Smith
Director
- Total calculated
- $540
- From this org
- $540
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
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.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part VII, line 3
- Director William Buddy Brewer resigned the board July 2024.
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 January 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520449349300422
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