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Nonprofiteer
← KENTUCKY FARM BUREAU BENEFITS TR

Form 990 for tax year 2024

Filed by KENTUCKY FARM BUREAU BENEFITS TR.

Totals

Total revenue
$2,024,615
Total expenses
$4,434,204
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$771,895
Investment income
$1,252,720
Other revenue
$0
Total assets, end of year
$118,345,204
Total liabilities, end of year
$488,689
Net assets or fund balances, end of year
$117,856,515
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.

  • 2a · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $737,439 · related or exempt $737,439

  • 2b · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $34,456 · related or exempt $34,456

  • 3 · Investment income

    total $3,418,110 · unrelated business $155,454 · excluded $3,262,656

  • 7a · Gross sales of assets other than inventory

    securities $70,107,872

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

    securities $72,273,262

  • 7c · Gain or loss

    securities -$2,165,390

  • 7d · Net gain or loss

    total -$2,165,390 · unrelated business -$2,165,390

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $3,755,199

  • 5 · Compensation of officers, directors and key employees

    total $31,937

  • 11b · Fees: legal

    total $24,288

  • 11c · Fees: accounting

    total $5,160

  • 11f · Fees: investment management

    total $355,277

  • 23 · Insurance

    total $130,065

  • 24a · Other expenses: CONTRACT ADMIN FEES

    total $81,012

  • 24b · Other expenses: TAXES (UBIT)

    total $51,100

  • 24e · All other expenses

    total $166

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $975,726

  • 11 · Investments: publicly traded securities

    beginning of year $118,143,820 · end of year $116,496,350

  • 15 · Other assets

    beginning of year $913,846 · end of year $873,128

  • 17 · Accounts payable and accrued expenses

    beginning of year $198,065 · end of year $488,689

  • 29 · Capital stock, trust principal or current funds

    beginning of year $118,859,601 · end of year $117,856,515

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

FUND RETIREE MEDICAL BENEFITS.

  • HEALTH CLAIMS PAID FOR RETIREE MEDICAL BENEFITS.

As filed on the 2024 return.

Listed in Part VII

  • John Sparrow

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Jena Stone

    VP, ACCOUNTING/TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Angie Phelps-Sells

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $0
    Hours/week
    0.1

  • Nicki Whitmire

    VP, HR & SUPPORT SERVICES

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Amanda Zorio

    COMPENSATION & BENEFITS

    Total calculated
    $0
    Hours/week
    0.1

  • Bank Of New York Mellon

    TRUSTEE

    Total calculated
    $31,937
    From this org
    $31,937
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations 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.

  • KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY

    C · PROPERTY & CASUALTY INSURANCE COMPANY · KY

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202503159349305345

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