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Nonprofiteer
← KENTUCKY FARM BUREAU FEDERATION

Form 990 for tax year 2023

Filed by KENTUCKY FARM BUREAU FEDERATION.

Totals

Total revenue
$88,758
Total expenses
$132,426
Contributions and grants received
$69,714
Grants paid
$0
Program service revenue
$0
Investment income
$20
Other revenue
$19,024
Total assets, end of year
$687,077
Total liabilities, end of year
$4,322
Net assets or fund balances, end of year
$682,755
Program services expenses (Part IX)
$37,322
Management and general expenses
$95,104
Fundraising expenses
$0
Program service expenses (Part III)
$37,322

Program services were 28.2% 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

    $69,714

  • 3 · Investment income

    total $20 · related or exempt $20

  • 11a · Other revenue: MEMBERSHIP BENEFITS INC

    total $4,637 · related or exempt $4,637

  • 11b · Other revenue: KY FARM BUREAU IMPROVEM

    total $1,200 · related or exempt $1,200

  • 11c · Other revenue: REIMBURSEMENT INCOME

    total $2,226 · related or exempt $2,226

  • 11d · All other revenue

    total $10,961 · related or exempt $10,961

  • 11e · Other revenue, total

    $19,024

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $15,839 · management and general $15,839

  • 8 · Pension plan contributions

    total $518 · management and general $518

  • 10 · Payroll taxes

    total $3,659 · management and general $3,659

  • 11c · Fees: accounting

    total $750 · management and general $750

  • 12 · Advertising and promotion

    total $1,945 · program services $990 · management and general $955

  • 13 · Office expenses

    total $1,695 · management and general $1,695

  • 16 · Occupancy

    total $872 · management and general $872

  • 19 · Conferences, conventions and meetings

    total $63,584 · program services $21,420 · management and general $42,164

  • 22 · Depreciation, depletion and amortization

    total $11,058 · management and general $11,058

  • 23 · Insurance

    total $4,638 · program services $367 · management and general $4,271

  • 24a · Other expenses: MISCELLANEOUS

    total $8,020 · management and general $8,020

  • 24b · Other expenses: DONATION

    total $4,580 · program services $4,580

  • 24c · Other expenses: REIMBURSEMENT

    total $1,348 · management and general $1,348

  • 24d · Other expenses: SCHOLARSHIPS

    total $8,500 · program services $8,500

  • 24e · All other expenses

    total $5,420 · program services $1,465 · management and general $3,955

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,350 · end of year $41,213

  • 2 · Savings and temporary cash investments

    beginning of year $350,468 · end of year $350,468

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

    $577,966

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

    $282,570

  • 10c · Land, buildings and equipment, net

    beginning of year $306,454 · end of year $295,396

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,849 · end of year $4,322

  • 31 · Retained earnings, endowment or other funds

    beginning of year $726,423 · end of year $682,755

Mission and programs · 2023

Mission

REDUCTION IN INSURANCE COSTS

  • MEMBERS PAY DUES TO THE ORGANIZATION SO AS TO REDUCE THE OVERALL COST OF PROPERTY AND CASUALTY INSURANCE. ADDITIONALLY, PART OF THE DUES PAID GOES TOWARD FUNDING SCHOLARSHIPS FOR LOCAL HIGH SCHOOL GRADUATES.

    Expenses $37,322

As filed on the 2023 return.

Listed in Part VII

  • Bill Middleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dustin Miniard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lindsey Boggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Corum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Judy Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ineda Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nobe Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jace Howard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Caldwell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Donald Miniard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Nathan Boggs

    SECRETARY TREASURER

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2024
IRS schema version
2023v5.0
Source object
202411219349300541

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