Form 990 for tax year 2024
Filed by KENTUCKY FARM BUREAU FEDERATION.
Totals
- Total revenue
- $114,376
- Total expenses
- $139,236
- Contributions and grants received
- $71,435
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $13
- Other revenue
- $42,928
- Total assets, end of year
- $668,907
- Total liabilities, end of year
- $3,558
- Net assets or fund balances, end of year
- $665,349
- Program services expenses (Part IX)
- $57,909
- Management and general expenses
- $81,327
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $57,909
Program services were 41.6% 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
$71,435
-
3 · Investment income
total $13 · related or exempt $13
-
6a · Gross rents
real property $2,500
-
6c · Rental income or loss
real property $2,500
-
6d · Net rental income or loss
total $2,500 · related or exempt $2,500
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: MEMBERSHIP BENEFITS INC
total $30,500 · related or exempt $30,500
-
11b · Other revenue: KY FARM BUREAU IMPROVEM
total $1,800 · related or exempt $1,800
-
11c · Other revenue: REIMBURSEMENT INCOME
total $2,310 · related or exempt $2,310
-
11d · All other revenue
total $5,818 · related or exempt $5,818
-
11e · Other revenue, total
$40,428
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $17,721 · management and general $17,721
-
8 · Pension plan contributions
total $642 · management and general $642
-
10 · Payroll taxes
total $84 · management and general $84
-
11c · Fees: accounting
total $800 · management and general $800
-
12 · Advertising and promotion
total $3,623 · management and general $3,623
-
13 · Office expenses
total $381 · management and general $381
-
16 · Occupancy
total $1,524 · management and general $1,524
-
19 · Conferences, conventions and meetings
total $65,577 · program services $41,250 · management and general $24,327
-
22 · Depreciation, depletion and amortization
total $11,225 · management and general $11,225
-
23 · Insurance
total $5,621 · management and general $5,621
-
24a · Other expenses: MISCELLANEOUS
total $1,551 · management and general $1,551
-
24b · Other expenses: DONATION
total $1,587 · program services $1,587
-
24c · Other expenses: REIMBURSEMENT
total $956 · management and general $956
-
24d · Other expenses: SCHOLARSHIPS
total $5,825 · program services $5,825
-
24e · All other expenses
total $22,119 · program services $9,247 · management and general $12,872
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $41,213 · end of year $26,816
-
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
$560,795
-
10b · Land, buildings and equipment: accumulated depreciation
$269,172
-
10c · Land, buildings and equipment, net
beginning of year $295,396 · end of year $291,623
-
17 · Accounts payable and accrued expenses
beginning of year $4,322 · end of year $3,558
-
31 · Retained earnings, endowment or other funds
beginning of year $682,755 · end of year $665,349
Mission and programs · 2024
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 $57,909
As filed on the 2024 return.
Listed in Part VII
-
Nobe BakerNOBE BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jace HowardJACE HOWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ineda HowardINEDA HOWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dustin MiniardDUSTIN MINIARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill MiddletonBILL MIDDLETON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judy LewisJUDY LEWIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Donald MiniardDONALD MINIARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Paul CaldwellPAUL CALDWELL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Nathan BoggsNATHAN 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
- 2024
- Filed
- 13 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531339349307768
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