Form 990 for tax year 2024

1b · Membership dues

$9,583,635

2a · Program service revenue: MANAGEMENT FEES SOUTHERN FARM

total $3,406,821 · unrelated business $3,406,821

2b · Program service revenue: MANAGEMENT FEES MUTUAL INSURA

total $1,176,000 · excluded $1,176,000

2c · Program service revenue: MANAGEMENT FEES SOUTHERN FB L

total $100,000 · excluded $100,000

3 · Investment income

total $3,297,721 · excluded $3,297,721

5 · Royalties

total $367,517 · related or exempt $367,517

6a · Gross rents

real property $2,152,988

6b · Less rental expenses

real property $1,878,620

6c · Rental income or loss

real property $274,368

6d · Net rental income or loss

total $274,368 · related or exempt $274,368

7a · Gross sales of assets other than inventory

securities $8,957,806 · other assets $73,175

7b · Less cost or other basis and sales expenses

securities $8,653,149

7c · Gain or loss

securities $304,657 · other assets $73,175

7d · Net gain or loss

total $377,832 · related or exempt $377,832

11a · Other revenue: MISCELLANEOUS

total $1,080 · related or exempt $1,080

11e · Other revenue, total

$1,080

7 · Other salaries and wages

total $5,846,145

8 · Pension plan contributions

total $754,680

9 · Other employee benefits

total $831,420

10 · Payroll taxes

total $421,267

11b · Fees: legal

total $3,481

11c · Fees: accounting

total $22,285

11f · Fees: investment management

total $88,665

11g · Fees: other

total $27,634

12 · Advertising and promotion

total $1,588,154

13 · Office expenses

total $309,561

14 · Information technology

total $226,554

17 · Travel

total $786,197

19 · Conferences, conventions and meetings

total $1,594,398

20 · Interest

total $4,412

21 · Payments to affiliates

total $2,947,535

22 · Depreciation, depletion and amortization

total $421,718

23 · Insurance

total $77,429

24a · Other expenses: TAXES

total $519,298

24b · Other expenses: CONTRIBUTIONS

total $395,000

24c · Other expenses: BANK FEES

total $276,805

24d · Other expenses: PAYROLL FEES

total $64,046

24e · All other expenses

total $115,891

1 · Cash, non-interest-bearing

beginning of year $5,224,314 · end of year $6,672,905

2 · Savings and temporary cash investments

beginning of year $1,919,397 · end of year $3,624,858

4 · Accounts receivable

beginning of year $1,679,384 · end of year $1,679,736

9 · Prepaid expenses and deferred charges

beginning of year $1,520,742 · end of year $2,087,287

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

$31,506,801

10b · Land, buildings and equipment: accumulated depreciation

$21,364,656

10c · Land, buildings and equipment, net

beginning of year $10,158,867 · end of year $10,142,145

11 · Investments: publicly traded securities

beginning of year $26,303,919 · end of year $28,719,483

14 · Intangible assets

end of year $88,039

15 · Other assets

beginning of year $10,076,091 · end of year $10,342,391

17 · Accounts payable and accrued expenses

beginning of year $701,968 · end of year $460,512

19 · Deferred revenue

beginning of year $5,123,275 · end of year $5,203,607

25 · Other liabilities

beginning of year $9,467,187 · end of year $13,510,950

27 · Net assets without donor restrictions

beginning of year $41,590,284 · end of year $44,181,775

NC FARM BUREAU SERVICE

C CORP · WHOLESALE · NC

NC FARM BUREAU INVESTMENT

C CORP · HOLDING CO · NC

NC FARM BUREAU MUTUAL

C CORP · PROPERTY & · NC

NC FARM BUREAU INSURANCE

C CORP · INSURANCE