Form 990 for tax year 2022
Filed by NORTH CAROLINA FARM BUREAU FEDERATION INC.
Totals
- Total revenue
- $16,377,743
- Total expenses
- $16,635,073
- Contributions and grants received
- $9,041,239
- Grants paid
- $0
- Program service revenue
- $4,080,937
- Investment income
- $2,640,129
- Other revenue
- $615,438
- Total assets, end of year
- $51,412,817
- Total liabilities, end of year
- $11,888,508
- Net assets or fund balances, end of year
- $39,524,309
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $16,635,073
Program services were 0.0% 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
$9,041,239
-
2a · Program service revenue: MANAGEMENT FEES
total $3,173,437 · unrelated business $3,173,437
-
2b · Program service revenue: MANAGEMENT FEES
total $807,500 · excluded $807,500
-
2c · Program service revenue: SPONSORSHIP
total $100,000 · excluded $100,000
-
3 · Investment income
total $2,306,744 · excluded $2,306,744
-
5 · Royalties
total $404,323 · excluded $404,323
-
6a · Gross rents
real property $2,153,192
-
6b · Less rental expenses
real property $1,942,182
-
6c · Rental income or loss
real property $211,010
-
6d · Net rental income or loss
total $211,010 · related or exempt $211,010
-
7a · Gross sales of assets other than inventory
securities $26,139,662 · other assets $120,400
-
7b · Less cost or other basis and sales expenses
securities $25,828,953 · other assets $97,724
-
7c · Gain or loss
securities $310,709 · other assets $22,676
-
7d · Net gain or loss
total $333,385 · related or exempt $333,385
-
11a · Other revenue: MISCELLANEOUS
total $105 · related or exempt $105
-
11e · Other revenue, total
$105
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,594,540
-
7 · Other salaries and wages
total $3,217,743
-
8 · Pension plan contributions
total $1,398,998
-
9 · Other employee benefits
total $786,850
-
10 · Payroll taxes
total $336,507
-
11b · Fees: legal
total $640
-
11c · Fees: accounting
total $54,830
-
11f · Fees: investment management
total $75,019
-
11g · Fees: other
total $26,291
-
12 · Advertising and promotion
total $1,639,577
-
13 · Office expenses
total $543,208
-
14 · Information technology
total $214,415
-
17 · Travel
total $662,342
-
19 · Conferences, conventions and meetings
total $1,428,459
-
21 · Payments to affiliates
total $3,141,311
-
22 · Depreciation, depletion and amortization
total $322,785
-
23 · Insurance
total $92,980
-
24a · Other expenses: FEDERAL & STATE INCOME TA
total $471,086
-
24b · Other expenses: CONTRIBUTIONS
total $292,100
-
24c · Other expenses: BANK FEES
total $269,854
-
24d · Other expenses: PAYROLL PROCESSING
total $53,023
-
24e · All other expenses
total $12,515
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $3,095,647
-
2 · Savings and temporary cash investments
beginning of year $5,394,890 · end of year $1,668,813
-
4 · Accounts receivable
beginning of year $1,109,456 · end of year $1,250,830
-
9 · Prepaid expenses and deferred charges
beginning of year $1,438,382 · end of year $1,693,595
-
10a · Land, buildings and equipment: cost or other basis
$30,478,988
-
10b · Land, buildings and equipment: accumulated depreciation
$20,092,676
-
10c · Land, buildings and equipment, net
beginning of year $10,334,441 · end of year $10,386,312
-
11 · Investments: publicly traded securities
beginning of year $22,218,457 · end of year $24,399,504
-
15 · Other assets
beginning of year $3,030,896 · end of year $8,918,116
-
17 · Accounts payable and accrued expenses
beginning of year $512,535 · end of year $515,620
-
19 · Deferred revenue
beginning of year $4,828,220 · end of year $4,990,208
-
25 · Other liabilities
beginning of year $5,433,492 · end of year $6,382,680
-
27 · Net assets without donor restrictions
beginning of year $32,752,275 · end of year $39,524,309
Mission and programs · 2022
Mission
NORTH CAROLINA FARM BUREAU WAS ORGANIZED AS A GENERAL FARM ORGANIZATION TO ADVANCE, IMPROVE AND PROMOTE THE AGRICULTURAL INTEREST AND ECONOMIC WELL- BEING OF FARMERS.
-
ADMINISTRATIVE AND MANAGEMENT EXPENSES TO SUPPORT THE PROGRAM ACHIEVEMENTS.
Expenses $10,140,281
-
FIELD SERVICE AND AG IN THE CLASSROOM-NCFB FIELD SERVICES PROMOTES AND COORDINATES PROGRAM ACTIVITIES WITH 100 COUNTY FARM BUREAUS. FIELD SERVICES WORKS WITH PROGRAMS TO FOSTER THE FARM BUREAU MISSION. THE FOLLOWING ARE PROGRAMS FIELD SERVICES WORKS WITH. SAFETY PROGRAM IS EXECUTED BY COUNTY VOLUNTEERS. INSTITUITE FOR FUTURE AGRICULTURE LEADERS, HAD HIGH SCHOOL RISING SENIORS ATTEND THE ACADEMY. STUDENTS VISITED NCSU AND NCA&T UNIVERSITIES TO EXPERIENCE AG RELATED EDUCATION OPPORTUNITIES. OTHER INVOLVEMENTS INCLUDE THE NORTH CAROLINA ANIMAL AG COALITION,FARM CITY WEEK, FOOD CHECK OUT WEEK, FARM HERITAGE DAYS, AG HAULING HANDBOOK JUST TO MENTION A FEW. ASSIST THE AG IN THE CLASSROOM (AITC) STAFF WITH ITS PROGRAMS-AITC SPONSORED EVENTS. OVER 1,400 EDUCATORS WERE TRAINED AND OVER 50,000 STUDENTS WERE TAUGHT AITC CURRICULM. AITC SPONSORED PROFESSIONAL DEVELOPMENT TO 1,000 STUDENT TEACHERS AT 3 UNIVERSITIES. SUPPORTED THE LEAD AND WOMEN LEADERSHIP COMMITTEES.
Expenses $2,278,992
-
PUBLIC POLICY AND LEGISLATIVE-NC FARM BUREAU IS A TRUE GRASSROOTS ORGANIZATION, HIGHLY STRESSING MEMBER INVOLVEMENT IN POLICY DEVELOPMENT AND IMPLEMENTATION. ALL NCFB POLICY POSITIONS BEGIN WITH RECOMMENDATIONS FROM THE 100 COUNTY ANNUAL MEETINGS, WHICH ARE REVIEWED BY ABOUT 120 MEMBERS AT THE STATE RESOLUTIONS COMMITTEE MEETING. THE RESOLUTIONS ARE VOTED ON BY 600 VOTING DELEGATES REPRESENTING THE ENTIRE STATE AT OUR ANNUAL MEETING. NCFB HAS APPROXIMATELY 585 MEMBERS SERVING ON 21 STATE ADVISORY COMMITTEES. THESE COMMITTEES MEET AT LEAST TWICE A YEAR. ONE OF THESE MEETINGS IS OUR POLICY REVIEW DAY WHEN OVER 400 PEOPLE ATTEND. NCFB HAD 10 MEMBERS SERVE ON AMERICAN FARM BUREAU COMMODITY COMMITTEES. NCFB DISTRIBUTED THE CAPITAL ROUNDUP (LEGISLATIVE NEWSLETTER) TO OVER 1,500 MEMBERS WEEKLY DURING THE LEGISLATIVE SEASON.
Expenses $2,277,991
-
PUBLICATIONS-FARM BUREAU MAGAZINE IS PUBLISHED QUARTERLY AND MAILED TO APPROXIMATELY 600,000 MEMBERS. THE LEADER REACHES 3,500 MEMBERS MONTHLY. WEBSITE AND INTERNET TECHNOLOGY AND SOCIAL MEDIA ARE UTILIZED TO PROVIDE MEMBERS BETTER ACCESS TO PROGRAMS. WEB PORTALS ARE ESTABLISHED FOR SOME PROGRAMS. NCFB POST "DAILY BRIEFING" ON ITS WEBSITE FOCUSING ON CURRENT ISSUES RELEVANT TO OUR MEMBERSHIP. NCFB MAINTAINS ACTIVE FACEBOOK, GOOGLE +, TWITTER, YOUTUBE AND FLICKER PAGES. THESE MEDIUM ARE FREQUENTLY USED TO PUBLICIZE NCFB AND COUNTY LEGISLATIVE EVENTS AND PROMOTE ACTION ALERTS. NCFB'S YOUTUBE HAS MOER THAN 600 VIDEOS.
Expenses $1,937,809
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
W SHAWN B HARDING
PRESIDENT
- Total calculated
- $484,378
- From this org
- $313,854
- From related orgs
- $0
- Other
- $170,524
- Hours/week
- 14
Schedule J breakdown matched by us
- Base
- $313,854
- Bonus
- not reported
- Other
- not reported
- Deferred
- $156,145
- Nontaxable benefits
- $14,379
- Filer's total
- $484,378
-
PAUL SHERMAN
ASST TO THE
- Total calculated
- $350,245
- From this org
- $191,575
- From related orgs
- $0
- Other
- $158,670
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $191,575
- Bonus
- not reported
- Other
- not reported
- Deferred
- $145,087
- Nontaxable benefits
- $13,583
- Filer's total
- $350,245
-
PERRY L CRUTCHFIELD
TREASURER
- Total calculated
- $336,092
- From this org
- $287,873
- From related orgs
- $0
- Other
- $48,219
- Hours/week
- 22
Schedule J breakdown matched by us
- Base
- $287,873
- Bonus
- not reported
- Other
- not reported
- Deferred
- $34,366
- Nontaxable benefits
- $13,853
- Filer's total
- $336,092
-
MATT CURRIN
TREASURER
- Total calculated
- $105,337
- From this org
- $98,029
- From related orgs
- $0
- Other
- $7,308
- Hours/week
- 22
-
PHILLIP JACOB PARKER JR
SECRETARY
- Total calculated
- $303,187
- From this org
- $200,093
- From related orgs
- $0
- Other
- $103,094
- Hours/week
- 18
Schedule J breakdown matched by us
- Base
- $200,093
- Bonus
- not reported
- Other
- not reported
- Deferred
- $89,241
- Nontaxable benefits
- $13,853
- Filer's total
- $303,187
-
MITCH PEELE
DIR OF PUBLI
- Total calculated
- $225,238
- From this org
- $211,940
- From related orgs
- $0
- Other
- $13,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,940
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,298
- Filer's total
- $225,238
-
STEVE WOODSON
DIRECTOR
- Total calculated
- $165,820
- From this org
- $152,472
- From related orgs
- $0
- Other
- $13,348
- Hours/week
- 4
Schedule J breakdown matched by us
- Base
- $152,472
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,348
- Filer's total
- $165,820
-
DEBBIE HAMRICK
DIRECTOR
- Total calculated
- $155,757
- From this org
- $143,538
- From related orgs
- $0
- Other
- $12,219
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,538
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $12,219
- Filer's total
- $155,757
-
AUDREY BROWN
DIRECTOR
- Total calculated
- $138,893
- From this org
- $126,399
- From related orgs
- $0
- Other
- $12,494
- Hours/week
- 40
-
LINDA ANDREWS
DIRECTOR
- Total calculated
- $131,203
- From this org
- $119,080
- From related orgs
- $0
- Other
- $12,123
- Hours/week
- 40
-
ANNE COAN
DIRECTOR
- Total calculated
- $142,127
- From this org
- $130,482
- From related orgs
- $0
- Other
- $11,645
- Hours/week
- 40
-
JAMES BOYETTE III
DIRECTOR
- Total calculated
- $133,053
- From this org
- $120,678
- From related orgs
- $0
- Other
- $12,375
- Hours/week
- 40
-
PETER T DANIEL
DIRECTOR
- Total calculated
- $0
-
EDDIE STROUP
DIRECTOR
- Total calculated
- $0
-
DENNIS MARTIN
DIRECTOR
- Total calculated
- $0
-
KEVIN MARTIN
DIRECTOR
- Total calculated
- $0
-
JAMES NATION
DIRECTOR
- Total calculated
- $0
-
KIRK MATHIS
DIRECTOR
- Total calculated
- $0
-
LARRY TAYLOR
DIRECTOR
- Total calculated
- $0
-
DAN HUNSUCKER
DIRECTOR
- Total calculated
- $0
-
HESTER VERNON
DIRECTOR
- Total calculated
- $0
-
RICHARD RENEGAR
DIRECTOR
- Total calculated
- $0
-
GEORGE SMITH
DIRECTOR
- Total calculated
- $0
-
JIM HOWIE
DIRECTOR
- Total calculated
- $0
-
RICHARD WHITAKER
DIRECTOR
- Total calculated
- $0
-
HENRY VINES
DIRECTOR
- Total calculated
- $0
-
DANNY HODGES
DIRECTOR
- Total calculated
- $0
-
CARL BOND
DIRECTOR
- Total calculated
- $0
-
BRANDON BATTEN
DIRECTOR
- Total calculated
- $0
-
KEVIN WILSON
DIRECTOR
- Total calculated
- $0
-
CHARLES HERLOCKER
DIRECTOR
- Total calculated
- $0
-
RENEE MCPHERSON
DIRECTOR
- Total calculated
- $0
-
KIMBERLY STEWART
DIRECTOR
- Total calculated
- $0
-
DONALD SMART
DIRECTOR
- Total calculated
- $0
-
JUDY BARE
DIRECTOR
- Total calculated
- $0
-
JERRY DAVIS
DIRECTOR
- Total calculated
- $0
-
JUSTIN SOMERS
DIRECTOR
- Total calculated
- $0
-
BILL TEAGUE
DIRECTOR
- Total calculated
- $0
-
BENITA ENGLAND
DIRECTOR
- Total calculated
- $0
-
BRIAN GREENE
DIRECTOR
- Total calculated
- $0
-
L M SIMMONS
DIRECTOR
- Total calculated
- $0
-
ALTON ROBERSON
DIRECTOR
- Total calculated
- $0
-
WAYNE ROSE
DIRECTOR
- Total calculated
- $0
-
GLEN IPOCK
DIRECTOR
- Total calculated
- $0
-
KEITH BEAVERS
DIRECTOR
- Total calculated
- $0
-
J LARRY BARBOUR
DIRECTOR
- Total calculated
- $0
-
EELCO H TINGA JR
DIRECTOR
- Total calculated
- $0
-
BRANDON MOORE
DIRECTOR
- Total calculated
- $0
-
A O ROBERTS
DIRECTOR
- Total calculated
- $0
-
STAURT PIERCE
DIRECTOR
- Total calculated
- $0
-
STEVE NELMS
DIRECTOR
- Total calculated
- $0
-
MIKE GAY
DIRECTOR
- Total calculated
- $0
-
KELLY VANN
DIRECTOR
- Total calculated
- $0
-
GWEN PITT
DIRECTOR
- Total calculated
- $0
-
RANDY BRITT
DIRECTOR
- Total calculated
- $0
-
ANTHONY LOCKLEAR
DIRECTOR
- Total calculated
- $0
-
TALMADGE LAYTON
DIRECTOR
- Total calculated
- $0
-
JACKIE THOMPSON
DIRECTOR
- Total calculated
- $0
-
SHERRILL W JERNIGAN
DIRECTOR
- Total calculated
- $0
-
HERBERT GAINES
DIRECTOR
- Total calculated
- $0
-
MARK PENDLETON
DIRECTOR
- Total calculated
- $0
-
DOUG PATTERSON
DIRECTOR
- Total calculated
- $0
-
TOMMY L HOBBS
DIRECTOR
- Total calculated
- $0
-
HARRELL OVERMAN
DIRECTOR
- Total calculated
- $0
-
JODY CLEMMONS
DIRECTOR
- Total calculated
- $0
-
COLEMAN WHITFIELD
DIRECTOR
- Total calculated
- $0
-
DAVID ALLRED
DIRECTOR
- Total calculated
- $0
-
R H BYRD JR
DIRECTOR
- Total calculated
- $0
-
THOMAS SHAW
DIRECTOR
- Total calculated
- $0
-
JERRY WYANT
VICE PRESIDE
- Total calculated
- $0
-
SCOTT WHITFORD
VICE PRESIDE
- Total calculated
- $0
-
ELAINE FRYAR
VICE PRESIDE
- Total calculated
- $0
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
- 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
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
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.
-
NC FARM BUREAU R FLAKE SHAW MEMORIA
501C3 · SCHOLARSHI · NC
-
NC FARM BUREAU POLITICAL ACTION COM
527 · PAC CONTRI · NC
-
NC FARM BUREAU LEGAL FOUNDATION
501C3 · LEGAL ASSI · NC
-
501C3 · AITC · NC
-
501C3 · NON PROFIT · NC
-
527 · EDUCATE VO · NC
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.
-
C CORP · WHOLESALE · NC
-
C CORP · HOLDING CO · NC
-
C CORP · PROPERTY & · NC
-
C CORP · INSURANCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313189349312031
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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