Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES - STATE PORTION

  total $2,600,282 · excluded $2,600,282

• 2b · Program service revenue: DUES RECEIVED-AFBF PORTION

  total $2,371,890 · excluded $2,371,890

• 2c · Program service revenue: MEMBER PROGRAM REVENUE

  total $1,231,961 · related or exempt $1,231,961

• 2d · Program service revenue: CONSULTING SERVICES

  total $1,023,508 · unrelated business $1,023,508

• 2e · Program service revenue: MEMBERSHIP BILLING SERVICE

  total $537,857 · unrelated business $537,857

• 2f · All other program service revenue

  total $571,320 · related or exempt $17,270 · unrelated business $233,812 · excluded $320,238

• 3 · Investment income

  total $1,807,940 · unrelated business $18,250 · excluded $1,789,690

• 5 · Royalties

  total $2,388,399 · excluded $2,388,399

• 6a · Gross rents

  real property $2,736,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $2,736,000

• 6d · Net rental income or loss

  total $2,736,000 · related or exempt $2,730,000 · unrelated business $6,000

• 7a · Gross sales of assets other than inventory

  securities $1,875,417 · other assets $523,096

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

  securities $1,875,238 · other assets $262,837

• 7c · Gain or loss

  securities $179 · other assets $260,259

• 7d · Net gain or loss

  total $260,438 · excluded $260,438

• 10a · Gross sales of inventory

  $11,337

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $11,337 · related or exempt $11,337

• 11a · Other revenue: PROMOTION FBB MEMBER SERV

  total $16,074 · unrelated business $16,074

• 11b · Other revenue: SUNDRY INCOME

  total $1,343 · excluded $1,343

• 11e · Other revenue, total

  $17,417

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,289

• 4 · Benefits paid to or for members

  total $156,737

• 5 · Compensation of officers, directors and key employees

  total $512,513

• 7 · Other salaries and wages

  total $3,697,436

• 8 · Pension plan contributions

  total $627,423

• 9 · Other employee benefits

  total $719,442

• 10 · Payroll taxes

  total $270,662

• 11a · Fees: management

  total $973,126

• 11b · Fees: legal

  total $6,390

• 11c · Fees: accounting

  total $74,114

• 12 · Advertising and promotion

  total $193,692

• 13 · Office expenses

  total $176,636

• 14 · Information technology

  total $285,289

• 16 · Occupancy

  total $406,882

• 17 · Travel

  total $700,806

• 19 · Conferences, conventions and meetings

  total $2,732,350

• 22 · Depreciation, depletion and amortization

  total $517,863

• 23 · Insurance

  total $104,604

• 24a · Other expenses: BOARD EXPENSES

  total $568,259

• 24b · Other expenses: MEMBERSHIP AND BILLING

  total $568,178

• 24c · Other expenses: COUNTY INCENTIVE PROGRA

  total $332,277

• 24d · Other expenses: TAXES AND LICENSES

  total $221,349

• 24e · All other expenses

  total $12,864

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $155,172 · end of year $309,780

• 2 · Savings and temporary cash investments

  beginning of year $2,009,811 · end of year $2,693,616

• 4 · Accounts receivable

  beginning of year $453,290 · end of year $655,230

• 9 · Prepaid expenses and deferred charges

  beginning of year $324,946 · end of year $281,674

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

  $24,381,742

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

  $15,418,046

• 10c · Land, buildings and equipment, net

  beginning of year $9,187,499 · end of year $8,963,696

• 11 · Investments: publicly traded securities

  beginning of year $7,137,185 · end of year $12,166,760

• 12 · Investments: other securities

  beginning of year $7,183,940 · end of year $3,541,889

• 17 · Accounts payable and accrued expenses

  beginning of year $1,960,388 · end of year $1,539,502

• 19 · Deferred revenue

  beginning of year $125,000 · end of year $125,000

• 25 · Other liabilities

  beginning of year $8,355,804 · end of year $8,677,812

• 27 · Net assets without donor restrictions

  beginning of year $16,010,651 · end of year $18,270,331

The filer's explanations (Part III)

PART I, LINE 1A

HEALTH CLUB MEMBERSHIPS ARE REIMBURSED FOR EMPLOYEES WHO WORK OUTSIDE OF THE STATE OFFICE, WHERE FACILITIES ARE PROVIDED.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• KENTUCKY FARM BUREAU DEVELOPMENT CO

  C · GRP PURCH · KY · 100% owned · controlled entity

  Directly controlled by KENTUCKY FARM BUREAU FEDERATION

• KENTUCKY FARM BUREAU INVESTMENT CORP

  C · INVESTMENT · KY · 100% owned · controlled entity

  Directly controlled by KENTUCKY FARM BUREAU FEDERATION

• KENTUCKY FARM BUREAU MGMT CORP

  C · MGMT SERVICE · KY · 100% owned · controlled entity

  Directly controlled by KENTUCKY FARM BUREAU FEDERATION