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Nonprofiteer
← SOUTH CAROLINA FARM BUREAU FEDERATION

Form 990 for tax year 2024

Filed by SOUTH CAROLINA FARM BUREAU FEDERATION.

Totals

Total revenue
$11,156,713
Total expenses
$8,500,198
Contributions and grants received
$0
Grants paid
$145,055
Program service revenue
$1,946,574
Investment income
$2,345,342
Other revenue
$6,864,797
Total assets, end of year
$66,731,013
Total liabilities, end of year
$3,560,153
Net assets or fund balances, end of year
$63,170,860
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 $1,946,574 · related or exempt $1,946,574

  • 3 · Investment income

    total $1,218,530 · excluded $1,218,530

  • 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 $469,637

  • 7a · Gross sales of assets other than inventory

    other assets $6,505,192

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

    other assets $5,378,380

  • 7c · Gain or loss

    other assets $1,126,812

  • 7d · Net gain or loss

    total $1,126,812 · excluded $1,126,812

  • 11a · Other revenue: SERVICE FEES

    total $4,386,238 · unrelated business $4,386,238

  • 11b · Other revenue: RELATED PARTY DIVIDEND

    total $1,964,502 · excluded $1,964,502

  • 11c · Other revenue: ADVERTISING REVENUE - SC FARMER Q

    total $30,950 · unrelated business $30,950

  • 11d · All other revenue

    total $13,470 · related or exempt $13,470

  • 11e · Other revenue, total

    $6,395,160

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

  • 7 · Other salaries and wages

    total $3,080,168

  • 8 · Pension plan contributions

    total -$31,600

  • 10 · Payroll taxes

    total $223,762

  • 11g · Fees: other

    total $390,886

  • 13 · Office expenses

    total $168,779

  • 17 · Travel

    total $113,045

  • 19 · Conferences, conventions and meetings

    total $1,825,482

  • 20 · Interest

    total $30,733

  • 22 · Depreciation, depletion and amortization

    total $332,704

  • 23 · Insurance

    total $607,316

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $554,517

  • 24b · Other expenses: BUILDING MANAGEMENT FEE

    total $484,674

  • 24c · Other expenses: PUBLICATION COSTS

    total $302,683

  • 24d · Other expenses: RENTAL FEES

    total $131,575

  • 24e · All other expenses

    total $140,419

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,266,674 · end of year $1,955,601

  • 2 · Savings and temporary cash investments

    beginning of year $895,512 · end of year $511,836

  • 4 · Accounts receivable

    beginning of year $1,663,175 · end of year $1,353,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $158,972 · end of year $200,290

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

    $8,562,575

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

    $5,986,068

  • 10c · Land, buildings and equipment, net

    beginning of year $2,729,352 · end of year $2,576,507

  • 11 · Investments: publicly traded securities

    beginning of year $38,667,723 · end of year $42,675,865

  • 15 · Other assets

    beginning of year $13,335,108 · end of year $17,457,626

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,202,111 · end of year $1,257,831

  • 25 · Other liabilities

    beginning of year $2,747,708 · end of year $2,302,322

  • 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 $54,766,697 · end of year $63,170,860

Mission and programs · 2024

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 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Catherine Porth

    BOARD MEMBER

    Total calculated
    $1,285
    From this org
    $1,285
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Loren Lindler

    BOARD MEMBER

    Total calculated
    $610
    From this org
    $610
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • James A Scott

    BOARD MEMBER

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

    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
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Heath Wilson

    BOARD MEMBER

    Total calculated
    $1,310
    From this org
    $1,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Allen Owens

    BOARD MEMBER

    Total calculated
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Gerald Breland Jr

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $1,035
    From this org
    $1,035
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Kevin Satterwhite

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • John Hansford Hutto

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $695
    From this org
    $695
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Carolyn Boyd

    BOARD MEMBER

    Total calculated
    $785
    From this org
    $785
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Angel Brabham

    BOARD MEMBER

    Total calculated
    $785
    From this org
    $785
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Marilyn Easter

    BOARD MEMBER

    Total calculated
    $1,020
    From this org
    $1,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Sara Hutto

    BOARD MEMBER

    Total calculated
    $785
    From this org
    $785
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Linda Smith

    BOARD MEMBER

    Total calculated
    $785
    From this org
    $785
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Tracy Woodard

    BOARD MEMBER

    Total calculated
    $1,660
    From this org
    $1,660
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Jason Carey

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $875
    From this org
    $875
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Ellie Woody Green Jr

    BOARD MEMBER

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

    BOARD MEMBER

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

    BOARD MEMBER

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

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $1,250
    From this org
    $1,250
    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
  • Charles Brigman

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Charles Wingard

    BOARD MEMBER

    Total calculated
    $1,125
    From this org
    $1,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • John Fogle

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $750
    From this org
    $750
    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
    $625
    From this org
    $625
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.3
  • Michael Grier

    BOARD MEMBER

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

    BOARD MEMBER

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

    PRESIDENT

    Total calculated
    $308,911
    From this org
    $285,812
    From related orgs
    $0
    Other
    $23,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,812
    Bonus
    $0
    Other
    $0
    Deferred
    $10,417
    Nontaxable benefits
    $12,682
    Filer's total
    $308,911
  • Raleigh Ward

    PEE DEE DISTRICT VP/SECRETARY

    Total calculated
    $2,295
    From this org
    $2,295
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Tim Donald

    PIEDMONT DISTRICT VP/TREASURER

    Total calculated
    $1,995
    From this org
    $1,995
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Irving Timothy Benton

    COASTAL DISTRICT 1ST VP

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Donnie Wakefield

    CENTRAL DISTRICT 1ST VP

    Total calculated
    $1,430
    From this org
    $1,430
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Corey W Ulmer

    CENTRAL DISTRICT VP

    Total calculated
    $1,490
    From this org
    $1,490
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Robert Yoder Jr

    COASTAL DISTRICT 2ND VP

    Total calculated
    $1,905
    From this org
    $1,905
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Keith Allen

    PEE DEE DISTRICT VP

    Total calculated
    $2,215
    From this org
    $2,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Doug Stewart

    PIEDMONT DISTRICT VP

    Total calculated
    $1,180
    From this org
    $1,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • Eric Seymour

    CHIEF FINANCIAL OFFICER

    Total calculated
    $164,526
    From this org
    $146,902
    From related orgs
    $0
    Other
    $17,624
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,902
    Bonus
    $0
    Other
    $0
    Deferred
    $5,906
    Nontaxable benefits
    $11,718
    Filer's total
    $164,526
  • Gary Spires

    EXECUTIVE DIRECTOR

    Total calculated
    $243,830
    From this org
    $215,246
    From related orgs
    $0
    Other
    $28,584
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,246
    Bonus
    $0
    Other
    $0
    Deferred
    $4,913
    Nontaxable benefits
    $23,671
    Filer's total
    $243,830
  • Michael Wright

    DIVISION DIRECTOR

    Total calculated
    $212,517
    From this org
    $172,882
    From related orgs
    $0
    Other
    $39,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,882
    Bonus
    $0
    Other
    $0
    Deferred
    $7,292
    Nontaxable benefits
    $32,343
    Filer's total
    $212,517
  • Thompson Smith

    DIRECTOR

    Total calculated
    $148,523
    From this org
    $130,951
    From related orgs
    $0
    Other
    $17,572
    Hours/week
    40
  • Richard Caldwell

    ASSOCIATE DIRECTOR

    Total calculated
    $153,735
    From this org
    $148,042
    From related orgs
    $0
    Other
    $5,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,042
    Bonus
    $0
    Other
    $0
    Deferred
    $5,693
    Nontaxable benefits
    $0
    Filer's total
    $153,735
  • Jason Davison

    DIVISION DIRECTOR

    Total calculated
    $154,014
    From this org
    $142,742
    From related orgs
    $0
    Other
    $11,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,742
    Bonus
    $0
    Other
    $0
    Deferred
    $5,636
    Nontaxable benefits
    $5,636
    Filer's total
    $154,014

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

  • 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

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.

  • SC FARM BUREAU HOLDING COMPANY

    C · HOLDING COMPANY · SC · 100% owned · share of income $4,028,198 · share of assets $5,075,016 · controlled entity

Provenance

Return type
form_990
Tax year
2024
Filed
15 June 2026
IRS schema version
2024v5.5
Source object
202601669349301700

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