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← FARM BUREAU FEDERATION MISSISSIPPI

Form 990 for tax year 2023

Filed by FARM BUREAU FEDERATION MISSISSIPPI.

Totals

Total revenue
$14,052,202
Total expenses
$15,612,356
Contributions and grants received
$2,492,875
Grants paid
$124,722
Program service revenue
$0
Investment income
$298,585
Other revenue
$11,260,742
Total assets, end of year
$27,368,973
Total liabilities, end of year
$7,244,190
Net assets or fund balances, end of year
$20,124,783
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.

  • 1b · Membership dues

    $2,444,249

  • 1f · All other contributions, gifts and grants

    $48,626

  • 3 · Investment income

    total $292,150 · excluded $292,150

  • 5 · Royalties

    total $9,053,854 · excluded $9,053,854

  • 6a · Gross rents

    real property $2,198,564

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,198,564

  • 6d · Net rental income or loss

    total $2,198,564 · excluded $2,198,564

  • 7a · Gross sales of assets other than inventory

    securities $2,498,877 · other assets $418,225

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

    securities $2,519,968 · other assets $390,699

  • 7c · Gain or loss

    securities -$21,091 · other assets $27,526

  • 7d · Net gain or loss

    total $6,435 · excluded $6,435

  • 10a · Gross sales of inventory

    $8,035

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $8,035 · excluded $8,035

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $289 · excluded $289

  • 11e · Other revenue, total

    $289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $120,722

  • 2 · Grants to domestic individuals

    total $4,000

  • 5 · Compensation of officers, directors and key employees

    total $521,228

  • 7 · Other salaries and wages

    total $3,628,513

  • 8 · Pension plan contributions

    total $723,559

  • 9 · Other employee benefits

    total $522,990

  • 10 · Payroll taxes

    total $278,997

  • 11b · Fees: legal

    total $43,783

  • 11c · Fees: accounting

    total $150,233

  • 11d · Fees: lobbying

    total $149,500

  • 11f · Fees: investment management

    total $29,177

  • 11g · Fees: other

    total $49,272

  • 12 · Advertising and promotion

    total $385,299

  • 13 · Office expenses

    total $690,820

  • 14 · Information technology

    total $209,047

  • 16 · Occupancy

    total $1,512,932

  • 17 · Travel

    total $460,050

  • 19 · Conferences, conventions and meetings

    total $2,165,801

  • 22 · Depreciation, depletion and amortization

    total $1,337,964

  • 23 · Insurance

    total $315,347

  • 24a · Other expenses: MEMBER DUES/ACQUISITION

    total $1,211,710

  • 24b · Other expenses: POST RETIREMENT BENEFIT

    total $582,653

  • 24c · Other expenses: FARM BUREAU NEWS

    total $375,084

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $143,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,710,353 · end of year $3,093,826

  • 4 · Accounts receivable

    beginning of year $845,388 · end of year $653,047

  • 7 · Other notes and loans receivable

    beginning of year $330,193 · end of year $302,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $263,795 · end of year $273,520

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

    $37,997,420

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

    $20,991,765

  • 10c · Land, buildings and equipment, net

    beginning of year $17,056,324 · end of year $17,005,655

  • 12 · Investments: other securities

    beginning of year $5,701,926 · end of year $6,040,292

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,763,514 · end of year $1,695,600

  • 19 · Deferred revenue

    beginning of year $50,268 · end of year $59,804

  • 25 · Other liabilities

    beginning of year $4,680,764 · end of year $5,488,786

  • 27 · Net assets without donor restrictions

    beginning of year $20,413,433 · end of year $20,124,783

Mission and programs · 2023

Mission

MISSISSIPPI FARM BUREAU FEDERATION'S MISSION IS TO CREATE AN ENVIRONMENT IN WHICH MISSISSIPPI FARMERS, RANCHERS, AND FARM BUREAU MEMBERS CAN HAVE A BETTER LIFE AND MAKE A BETTER LIVING.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • THE FEDERATION HOLDS ANNUAL COMMODITY EDUCATION EVENTS FOR FARM BUREAU ACTIVE FARMING MEMBERS. NUMEROUS SPEAKERS SHARE THEIR KNOWLEDGE ON ISSUES RELATED TO COMMODITIES AND LEGISLATION. THE FEDERATION REGIONAL MANAGERS WORK WITH 82 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS THAT BENEFIT THEIR MEMBERSHIP'SAGRICULTURAL INTEREST. STAFF AND ACTIVE FARMING MEMBERS ALSO ATTEND A NATIONAL CONFERENCE TO GAIN KNOWLEDGE OF BEST AGRICULTURAL PRACTICES. THE FEDERATION PARTNERS WITH AGRICULTURAL RELATED ADVISORY ORGANIZATIONS FOR RESEARCH ASSISTANCE. SCHOLARSHIPS ARE PRESENTED EACHYEAR TO FARM BUREAU MEMBER STUDENTS STUDYING IN AN AGRICULTURAL AREA.

  • SAFETY PROGRAMS - THE FEDERATION SAFETY PROGRAMS ARE PRESENTED TO PROVIDE INFORMATION TO HELP SAVE LIVES AND PREVENT INJURIES. EXAMPLES OF PROGRAMS INCLUDE GRAIN BIN SAFETY, ON-SITE TRACTOR AND FARM SAFETY, ATV SAFETY, FIRE SAFETY, FIRST AID AND HOME SAFETY, AND TEXTING AND DRIVING.

  • YOUNG FARMER PROGRAM - THE OBJECTIVE OF THE YOUNG FARMERS & RANCHERS PROGRAM IS TO PROVIDE LEADERSHIP IN BUILDING A MORE EFFECTIVE FARM BUREAU TO PRESERVE OUR INDIVIDUAL FREEDOMS AND EXPAND OUR OPPORTUNITIES IN AGRICULTURE. THE FEDERATION HOSTS STATE AND NATIONAL PROGRAMS TO PROMOTE LEADERSHIP SKILLS FOR FARMERS BETWEEN THE AGES OF 18 TO 35. THE FEDERATION ALSO PROVIDES ACTIVITIES AND COMPETITIONS THAT RECOGNIZE YOUNG LEADERS IN AGRICULTURAL. THE FEDERATION RECOGNIZES AND AWARDS INDIVIDUAL CONTESTANT WINNERS TO HELP THEM FURTHER THEIR AGRICULTUREOPERATIONS.

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Noble Guedon

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Betty Mills

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Colton McMurry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Rita Seward

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Neal Huskison

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Paul Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doug Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charles Danna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Nancy S Jackson

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donald Lowery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ricky Ruffin

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tripp Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gadston Croom

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Gene Boone

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Graves

    DIRECTOR

    Total calculated
    $1,900
    From this org
    $1,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Cannada

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenneth Loggins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dot Cole

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Margaret Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott O'Brian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Jim Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kirby Nazary

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D Mike McCormick

    PRESIDENT

    Total calculated
    $243,121
    From this org
    $195,073
    From related orgs
    $0
    Other
    $48,048
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,073
    Bonus
    $0
    Other
    $0
    Deferred
    $38,177
    Nontaxable benefits
    $9,871
    Filer's total
    $243,121

  • Kent M Bloodworth

    SECRETARY

    Total calculated
    $264,861
    From this org
    $194,504
    From related orgs
    $0
    Other
    $70,357
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,504
    Bonus
    $0
    Other
    $0
    Deferred
    $60,497
    Nontaxable benefits
    $9,860
    Filer's total
    $264,861

  • Kaleb Deese CPA

    TREASURER

    Total calculated
    $168,915
    From this org
    $107,021
    From related orgs
    $0
    Other
    $61,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,021
    Bonus
    $0
    Other
    $0
    Deferred
    $44,819
    Nontaxable benefits
    $17,075
    Filer's total
    $168,915

  • Ted Kendall IV

    VICE PRESIDENT

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeff Easterling

    VICE PRESIDENT

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donald Gant

    VICE PRESIDENT

    Total calculated
    $5,200
    From this org
    $5,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Brent Wilson CPA

    FORMER TREASURER

    Total calculated
    $119,521
    From this org
    $119,521
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

Provenance

Return type
form_990
Tax year
2023
Filed
29 July 2025
IRS schema version
2023v6.0
Source object
202522249349301907

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