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Nonprofiteer
← SOUTH CAROLINA FARM BUREAU FEDERATION

Form 990 for tax year 2023

Filed by SOUTH CAROLINA FARM BUREAU FEDERATION.

Totals

Total revenue
$10,205,097
Total expenses
$7,636,224
Contributions and grants received
$0
Grants paid
$145,055
Program service revenue
$2,018,853
Investment income
$1,785,963
Other revenue
$6,400,281
Total assets, end of year
$58,716,516
Total liabilities, end of year
$3,949,819
Net assets or fund balances, end of year
$54,766,697
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: MEMBERSHIP DUES

    total $2,018,853 · related or exempt $2,018,853

  • 3 · Investment income

    total $981,359 · excluded $981,359

  • 6a · Gross rents

    real property $469,637

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $469,637

  • 6d · Net rental income or loss

    total $469,637 · unrelated business $455,637 · excluded $14,000

  • 7a · Gross sales of assets other than inventory

    other assets $8,731,417

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

    other assets $7,926,813

  • 7c · Gain or loss

    other assets $804,604

  • 7d · Net gain or loss

    total $804,604 · excluded $804,604

  • 11a · Other revenue: SERVICE FEES

    total $3,965,396 · unrelated business $3,965,396

  • 11b · Other revenue: RELATED PARTY DIVIDEND

    total $1,900,000 · excluded $1,900,000

  • 11c · Other revenue: OTHER INCOME

    total $39,148 · related or exempt $39,148

  • 11d · All other revenue

    total $26,100 · unrelated business $26,100

  • 11e · Other revenue, total

    $5,930,644

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $95,000

  • 2 · Grants to domestic individuals

    total $50,055

  • 5 · Compensation of officers, directors and key employees

    total $1,495,231

  • 7 · Other salaries and wages

    total $1,342,622

  • 8 · Pension plan contributions

    total -$96,441

  • 10 · Payroll taxes

    total $208,070

  • 11g · Fees: other

    total $385,278

  • 13 · Office expenses

    total $141,637

  • 17 · Travel

    total $116,869

  • 19 · Conferences, conventions and meetings

    total $1,503,335

  • 22 · Depreciation, depletion and amortization

    total $325,520

  • 23 · Insurance

    total $513,769

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $540,633

  • 24b · Other expenses: BUILDING MANAGEMENT FEE

    total $473,549

  • 24c · Other expenses: PUBLICATION COSTS

    total $290,114

  • 24d · Other expenses: RENTAL FEES

    total $135,110

  • 24e · All other expenses

    total $115,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,484,022 · end of year $1,266,674

  • 2 · Savings and temporary cash investments

    beginning of year $1,263,491 · end of year $895,512

  • 4 · Accounts receivable

    beginning of year $1,210,905 · end of year $1,663,175

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,481 · end of year $158,972

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

    $8,382,716

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

    $5,653,364

  • 10c · Land, buildings and equipment, net

    beginning of year $2,909,218 · end of year $2,729,352

  • 11 · Investments: publicly traded securities

    beginning of year $34,016,527 · end of year $38,667,723

  • 15 · Other assets

    beginning of year $11,407,844 · end of year $13,335,108

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,184,681 · end of year $1,202,111

  • 25 · Other liabilities

    beginning of year $3,080,483 · end of year $2,747,708

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 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 $48,112,324 · end of year $54,766,697

Mission and programs · 2023

Mission

THE SC FARM BUREAU FEDERATION IS A STATEWIDE ORGANIZATION THAT BRINGS TOGETHER FARMERS, RANCHERS, ENTREPRENEURS, AGRIBUSINESS PROFESSIONALS AND FOOD ENTHUSIASTS TO STRENGTHEN THE FUTURE OF AGRICULTURE IN SOUTH CAROLINA. WE INFORM LAWMAKERS ABOUT THE IMPACT OF POLICIES, TRAIN YOUNG FARMERS, AND HELP EDUCATE TEACHERS AND STUDENTS ABOUT AGRICULTURE. THROUGH OUR COLLECTIVE EFFORTS, THE FEDERATION ADVANCES FAMILY FARMS, LOCALLY GROWN FOOD, AND RURAL SOUTH CAROLINA.

Activities or mission (Part I)

TO PROMOTE AGRICULTURAL INTERESTS IN THE STATE OF SC AND OPTIMIZE THE LIVES OF THOSE INVOLVED IN AGRICULTURE.

  • THE FEDERATION PROVIDES A VEHICLE FOR FARMERS TO WORK TOGETHER TO DEVELOP UNIFIED POLICIES TO FEATURE AGRICULTURAL ACHIEVEMENTS AND PROMOTE OPPORTUNITIES FOR OUR MEMBERS TO COME TOGETHER AND SHARE AGRICULTURAL EXPERIENCES, PROVIDE EDUCATIONAL CLASSES AND PROMOTE FELLOWSHIP AMONGST MEMBERS AND THEIR FAMILIES.

  • YOUNG FARMERS & RANCHERS - PROVIDE SUPPORT FOR YOUNG FARMERS AND THEIR FAMILIES BY PROVIDING PROGRAMS AND ACTIVITIES FOR EDUCATION, LEADERSHIP DEVELOPMENT AND ADVOCACY.

  • PROVIDE OPPORTUNITY FOR MEMBERS TO ENGAGE WITH LEGISLATORS ON A GRASSROOTS LEVEL AND ADVOCATE FOR POLICIES IN SUPPORT OF SOUTH CAROLINA AGRICULTURE.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • STEVE SQUIRES

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • FRANK MCLEOD

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • GEORGE BRYANT

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • GUY RAMSEY IV

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • AARON WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • ALAN ULMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • ALLEN OWENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • BO NORRIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • C B PLAYER III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • CLARK BURROWS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • CULLEN BRYANT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • DAVIS CALHOUN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • DEAN HUTTO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • SABIE CATHCART

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • GARY YOUMANS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • HARRY DUPREE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • JOE ALVIN DERRICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • JOSEPH C OSWALD III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • KEITH ULMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • MARGO HUGGINS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • MARTY BOWERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • MIKE SHIRER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • NEAL BAXLEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • RICHARD FLOYD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • RODNEY QUATTLEBAUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • RUSTY DARBY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • SCOTT CROXTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • TED COLEMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • GREG JOHNSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • JOEY LEMMONS

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • HENRY HERNDON

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • DALE WILSON

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • ANDY WHITEN

    BOARD MEMBER

    Total calculated
    $1,375
    From this org
    $1,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • CHARLES BRIGMAN

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • THOMAS DAILEY

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • WALTON CALHOUN

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • WENDELL BROCKMAN JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • CHARLES WINGARD

    BOARD MEMBER

    Total calculated
    $1,185
    From this org
    $1,185
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • JOHN FOGLE

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • WILLIAM KIRVEN IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • TED WENTZKY

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • CECIL EADDY

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • CHRIS TALLEY

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • MARCUS GERALD

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • JIMMIE LEE SHAW

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • MICHAEL GRIER

    BOARD MEMBER

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • EDDY ELLISON

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • PINCKNEY MURRAY

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • MEGAN FLOYD

    BOARD MEMBER

    Total calculated
    $875
    From this org
    $875
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3

  • HARRY OTT

    PRESIDENT

    Total calculated
    $319,713
    From this org
    $247,233
    From related orgs
    $0
    Other
    $72,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,233
    Bonus
    $0
    Other
    $0
    Deferred
    $60,167
    Nontaxable benefits
    $12,313
    Filer's total
    $319,713

  • RALEIGH WARD

    PEE DEE DISTRICT VP/SECRETARY

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • TIM DONALD

    PIEDMONT DISTRICT VP/TREASURER

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • TIMMY BENTON

    COASTAL DISTRICT 1ST VP

    Total calculated
    $1,060
    From this org
    $1,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • DONNIE WAKEFIELD

    CENTRAL DISTRICT VP

    Total calculated
    $935
    From this org
    $935
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • ROBERT YODER JR

    CENTRAL DISTRICT VP

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • WESLEY ULMER

    COASTAL DISTRICT 2ND VP

    Total calculated
    $1,185
    From this org
    $1,185
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • KEITH ALLEN

    PEE DEE DISTRICT VP

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • DOUG STEWART

    PIEDMONT DISTRICT VP

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • ERIC SEYMOUR

    CHIEF FINANCIAL OFFICER

    Total calculated
    $180,286
    From this org
    $133,583
    From related orgs
    $0
    Other
    $46,703
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,583
    Bonus
    $0
    Other
    $0
    Deferred
    $35,326
    Nontaxable benefits
    $11,377
    Filer's total
    $180,286

  • LARRY MCKENZIE

    DIVISION DIRECTOR

    Total calculated
    $137,623
    From this org
    $129,928
    From related orgs
    $0
    Other
    $7,695
    Hours/week
    40

  • GARY SPIRES

    EXECUTIVE DIRECTOR

    Total calculated
    $306,808
    From this org
    $199,783
    From related orgs
    $0
    Other
    $107,025
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,783
    Bonus
    $0
    Other
    $0
    Deferred
    $84,043
    Nontaxable benefits
    $22,982
    Filer's total
    $306,808

  • MICHAEL WRIGHT

    DIVISION DIRECTOR

    Total calculated
    $199,746
    From this org
    $166,736
    From related orgs
    $0
    Other
    $33,010
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,736
    Bonus
    $0
    Other
    $0
    Deferred
    $6,843
    Nontaxable benefits
    $26,167
    Filer's total
    $199,746

  • THOMPSON SMITH

    DIRECTOR

    Total calculated
    $189,785
    From this org
    $126,033
    From related orgs
    $0
    Other
    $63,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,033
    Bonus
    $0
    Other
    $0
    Deferred
    $51,439
    Nontaxable benefits
    $12,313
    Filer's total
    $189,785

  • RICHARD CALDWELL

    ASSOCIATE DIRECTOR

    Total calculated
    $144,149
    From this org
    $138,639
    From related orgs
    $0
    Other
    $5,510
    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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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 I, LINE 1A
MEMBERSHIP DUES TO SOCIAL CLUB IS PROVIDED FOR THE PRESIDENT FOR BUSINESS PURPOSES ONLY AND EXPENSES ARE REVIEWED PURSUANT TO AN ACCOUNTABLE PLAN.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 June 2025
IRS schema version
2023v6.0
Source object
202531639349300918

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