Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $229

• 2a · Program service revenue: MEMBERSHIP DUES

  total $2,814,793 · related or exempt $2,814,793

• 3 · Investment income

  total $5,320,457 · unrelated business $42,607 · excluded $5,277,850

• 5 · Royalties

  total $10,115,165 · unrelated business $264,030 · excluded $9,851,135

• 6a · Gross rents

  personal property $74,556

• 6b · Less rental expenses

  personal property $55,726

• 6c · Rental income or loss

  personal property $18,830

• 6d · Net rental income or loss

  total $18,830 · unrelated business $18,830

• 7a · Gross sales of assets other than inventory

  securities $2,377,298 · other assets $729,000

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

  securities $2,334,790 · other assets $376,565

• 7c · Gain or loss

  securities $42,508 · other assets $352,435

• 7d · Net gain or loss

  total $394,943 · unrelated business $3,336 · excluded $391,607

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $318,028 · excluded $318,028

• 11b · Other revenue: ADVERTISING INCOME

  total $118,845 · unrelated business $118,845

• 11c · Other revenue: FB BANK SERVICE FEES

  total $71,101 · unrelated business $71,101

• 11d · All other revenue

  total $45,000 · excluded $45,000

• 11e · Other revenue, total

  $552,974

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $64,650

• 5 · Compensation of officers, directors and key employees

  total $2,306,847

• 7 · Other salaries and wages

  total $3,594,815

• 8 · Pension plan contributions

  total $139,058

• 9 · Other employee benefits

  total $475,592

• 10 · Payroll taxes

  total $396,408

• 11b · Fees: legal

  total $148,834

• 11c · Fees: accounting

  total $209,211

• 11f · Fees: investment management

  total $140,463

• 11g · Fees: other

  total $16,639

• 12 · Advertising and promotion

  total $1,437,079

• 13 · Office expenses

  total $342,522

• 14 · Information technology

  total $362,994

• 16 · Occupancy

  total $610,327

• 17 · Travel

  total $743,741

• 19 · Conferences, conventions and meetings

  total $1,085,234

• 20 · Interest

  total $18,298

• 22 · Depreciation, depletion and amortization

  total $1,437,692

• 23 · Insurance

  total $307,244

• 24a · Other expenses: FEDERAL INCOME TAXES

  total $389

• 24b · Other expenses: BOARD EXPENSES

  total $767,740

• 24c · Other expenses: MISCELLANEOUS

  total $725,461

• 24d · Other expenses: MEALS & ENTERTAINMENT

  total $189,123

• 24e · All other expenses

  total $75,261

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,100 · end of year $7,960

• 2 · Savings and temporary cash investments

  beginning of year $5,351,905 · end of year $6,036,566

• 4 · Accounts receivable

  beginning of year $943,169 · end of year $882,054

• 7 · Other notes and loans receivable

  beginning of year $2,369,204 · end of year $2,370,602

• 8 · Inventories for sale or use

  beginning of year $66,607 · end of year $60,254

• 9 · Prepaid expenses and deferred charges

  beginning of year $435,886 · end of year $482,794

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

  $12,548,542

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

  $10,097,437

• 10c · Land, buildings and equipment, net

  beginning of year $2,976,257 · end of year $2,451,105

• 11 · Investments: publicly traded securities

  beginning of year $54,777,452 · end of year $61,233,095

• 12 · Investments: other securities

  beginning of year $8,293,710 · end of year $8,383,115

• 15 · Other assets

  beginning of year $625,633 · end of year $461,471

• 17 · Accounts payable and accrued expenses

  beginning of year $803,846 · end of year $763,095

• 19 · Deferred revenue

  beginning of year $1,975,677 · end of year $1,801,701

• 25 · Other liabilities

  beginning of year $7,973,705 · end of year $7,032,996

• 27 · Net assets without donor restrictions

  beginning of year $64,579,362 · end of year $72,257,662

• 28 · Net assets with donor restrictions

  beginning of year $513,333 · end of year $513,562

The filer's explanations (Part III)

PART I, LINE 1A

COUNTRY CLUB DUES ARE PAID BY THE ORGANZIATION FOR THE MEMBERSHIP OF JARROD YATES, EXECUTIVE VICE PRESIDENT. THESE DUES ARE NOT INCLUDED IN REPORTABLE COMPENSATION TO HIM AS THE PURPOSE OF THE MEMBERSHIP IS TO ALLOW HIM CLUB ACCESS TO FURTHER THE PURPOSES OF THE ORGANIZATION.

PART I, LINE 1B

WHILE THERE IS NOT A WRITTEN POLICY REGARDING THIS PAYMENT, IT WAS SPECIFICALLY APPROVED BY THE BOARD.

SCHEDULE J

AMOUNTS IN PART II, COLUMN C INCLUDE BOTH BENEFITS PAID DURING THE CURRENT YEAR AS WELL AS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF DEFINED BENEFIT PLANS.

Disregarded entities

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

• FARM BUREAU HEALTH PLANS OF ARKANSAS

  TO PROVIDE AFFORDABLE HEALTHCARE COVERAGE OPTIONS TO AR FARM BUREAU MEMBERS · AR · income -$285,109 · assets $218,891

  Directly controlled by ARKANSAS FARM BUREAU FEDERATION

Related corporations and trusts

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

• FARM BUREAU BUILDING INC

  C · RENTAL · AR · 100% owned · share of income $153,733 · share of assets $6,038,520 · controlled entity

  Directly controlled by ARKANSAS FARM BUREAU FEDERATION

• ARKANSAS FARM BUREAU INVESTMENT CORPORATION

  C · INVESTMENTS · AR · 100% owned · share of income $2,937,204 · share of assets $263,798 · controlled entity

  Directly controlled by ARKANSAS FARM BUREAU FEDERATION

• ARKANSAS CASUALTY INVESTMENTS CORPORATION

  C · INVESTMENTS · AR · 100% owned · share of income $85,541 · share of assets $3,661,133 · controlled entity

  Directly controlled by ARKANSAS FARM BUREAU FEDERATION