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← FARM BUREAU FEDERATION MISSISSIPPI

Form 990 for tax year 2024

Filed by FARM BUREAU FEDERATION MISSISSIPPI.

Totals

Total revenue
$14,404,075
Total expenses
$15,365,143
Contributions and grants received
$2,416,442
Grants paid
$94,440
Program service revenue
$0
Investment income
$376,801
Other revenue
$11,610,832
Total assets, end of year
$27,657,511
Total liabilities, end of year
$6,066,721
Net assets or fund balances, end of year
$21,590,790
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.

  • 1b · Membership dues

    $2,378,058

  • 1f · All other contributions, gifts and grants

    $38,384

  • 3 · Investment income

    total $306,362 · excluded $306,362

  • 5 · Royalties

    total $9,222,982 · excluded $9,222,982

  • 6a · Gross rents

    real property $2,218,571

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,218,571

  • 6d · Net rental income or loss

    total $2,218,571 · excluded $2,218,571

  • 7a · Gross sales of assets other than inventory

    securities $3,032,205 · other assets $647,975

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

    securities $2,955,115 · other assets $654,626

  • 7c · Gain or loss

    securities $77,090 · other assets -$6,651

  • 7d · Net gain or loss

    total $70,439 · excluded $70,439

  • 10a · Gross sales of inventory

    $168,180

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $168,180 · excluded $168,180

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,099 · excluded $1,099

  • 11e · Other revenue, total

    $1,099

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,940

  • 2 · Grants to domestic individuals

    total $11,500

  • 5 · Compensation of officers, directors and key employees

    total $552,893

  • 7 · Other salaries and wages

    total $3,494,814

  • 8 · Pension plan contributions

    total $772,332

  • 9 · Other employee benefits

    total $532,992

  • 10 · Payroll taxes

    total $279,121

  • 11b · Fees: legal

    total $36,837

  • 11c · Fees: accounting

    total $153,181

  • 11d · Fees: lobbying

    total $150,000

  • 11f · Fees: investment management

    total $34,719

  • 11g · Fees: other

    total $51,447

  • 12 · Advertising and promotion

    total $404,427

  • 13 · Office expenses

    total $605,407

  • 14 · Information technology

    total $205,678

  • 16 · Occupancy

    total $1,641,997

  • 17 · Travel

    total $538,931

  • 19 · Conferences, conventions and meetings

    total $2,396,010

  • 22 · Depreciation, depletion and amortization

    total $1,360,306

  • 23 · Insurance

    total $309,592

  • 24a · Other expenses: MEMBER DUES/ACQUISITION

    total $1,159,776

  • 24b · Other expenses: FARM BUREAU NEWS

    total $407,507

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $182,736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,093,826 · end of year $1,910,236

  • 4 · Accounts receivable

    beginning of year $653,047 · end of year $768,025

  • 7 · Other notes and loans receivable

    beginning of year $302,633 · end of year $234,633

  • 9 · Prepaid expenses and deferred charges

    beginning of year $273,520 · end of year $222,324

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

    $39,373,030

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

    $22,039,004

  • 10c · Land, buildings and equipment, net

    beginning of year $17,005,655 · end of year $17,334,026

  • 12 · Investments: other securities

    beginning of year $6,040,292 · end of year $7,188,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,695,600 · end of year $964,963

  • 19 · Deferred revenue

    beginning of year $59,804 · end of year $2,621

  • 25 · Other liabilities

    beginning of year $5,488,786 · end of year $5,099,137

  • 27 · Net assets without donor restrictions

    beginning of year $20,124,783 · end of year $21,590,790

Mission and programs · 2024

Mission

MISSISSIPPI FARM BUREAU FEDERATION'S MISSION IS TO CREATE AN ENVIRONMENT IN WHICH MISSISSIPPI FARMERS, RANCHERS, AND FARM BUREAU MEMBERS CAN HAVE A BETTER LIFE AND MAKE A BETTER LIVING.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • THE FEDERATION HOLDS ANNUAL COMMODITY EDUCATION EVENTS FOR FARM BUREAU ACTIVE FARMING MEMBERS. NUMEROUS SPEAKERS SHARE THEIR KNOWLEDGE ON ISSUES RELATED TO COMMODITIES AND LEGISLATION. THE FEDERATION REGIONAL MANAGERS WORK WITH 82 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS THAT BENEFIT THEIR MEMBERSHIP'S AGRICULTURAL INTEREST. STAFF AND ACTIVE FARMING MEMBERS ALSO ATTEND A NATIONAL CONFERENCE TO GAIN KNOWLEDGE OF BEST AGRICULTURAL PRACTICES. THE FEDERATION PARTNERS WITH AGRICULTURAL RELATED ADVISORY ORGANIZATIONS FOR RESEARCH ASSISTANCE. SCHOLARSHIPS ARE PRESENTED EACH YEAR TO FARM BUREAU MEMBER STUDENTS STUDYING IN AN AGRICULTURAL AREA.

  • SAFETY PROGRAMS - THE FEDERATION SAFETY PROGRAMS ARE PRESENTED TO PROVIDE INFORMATION TO HELP SAVE LIVES AND PREVENT INJURIES. EXAMPLES OF PROGRAMS INCLUDE GRAIN BIN SAFETY, ON-SITE TRACTOR AND FARM SAFETY, ATV SAFETY, FIRE SAFETY, FIRST AID AND HOME SAFETY, AND TEXTING AND DRIVING.

  • YOUNG FARMER PROGRAM - THE OBJECTIVE OF THE YOUNG FARMERS & RANCHERS PROGRAM IS TO PROVIDE LEADERSHIP IN BUILDING A MORE EFFECTIVE FARM BUREAU TO PRESERVE OUR INDIVIDUAL FREEDOMS AND EXPAND OUR OPPORTUNITIES IN AGRICULTURE. THE FEDERATION HOSTS STATE AND NATIONAL PROGRAMS TO PROMOTE LEADERSHIP SKILLS FOR FARMERS BETWEEN THE AGES OF 18 TO 35. THE FEDERATION ALSO PROVIDES ACTIVITIES AND COMPETITIONS THAT RECOGNIZE YOUNG LEADERS IN AGRICULTURAL. THE FEDERATION RECOGNIZES AND AWARDS INDIVIDUAL CONTESTANT WINNERS TO HELP THEM FURTHER THEIR AGRICULTUREOPERATIONS.

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Betty Mills

    DIRECTOR

    Total calculated
    $4,400
    From this org
    $4,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Craig Canull

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • D Mike McCormick

    PRESIDENT

    Total calculated
    $341,369
    From this org
    $293,675
    From related orgs
    $0
    Other
    $47,694
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,675
    Bonus
    $0
    Other
    $0
    Deferred
    $38,484
    Nontaxable benefits
    $9,210
    Filer's total
    $341,369

  • Danny Holley

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donald Gant

    VICE PRESIDENT

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Donald Lowery

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Wilkerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dr Jim Perkins

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gadston Croom

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gene Boone

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gene Nunnery

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Newman

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Rasberry

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jay Slater

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeff Easterling

    VICE PRESIDENT

    Total calculated
    $6,400
    From this org
    $6,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John McKee

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenneth Loggins

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Larry Jefcoat

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Louis Breaux IV

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Margaret Webb

    DIRECTOR

    Total calculated
    $1,600
    From this org
    $1,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Paul Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Scott O'Brian

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Seth Bragg

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ted Kendall IV

    VICE PRESIDENT

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Tripp Thomas

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Will McMillan

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kaleb Deese CPA

    TREASURER

    Total calculated
    $234,384
    From this org
    $161,740
    From related orgs
    $0
    Other
    $72,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,740
    Bonus
    $0
    Other
    $0
    Deferred
    $45,476
    Nontaxable benefits
    $27,168
    Filer's total
    $234,384

  • Kent M Bloodworth

    SECRETARY

    Total calculated
    $305,913
    From this org
    $235,729
    From related orgs
    $0
    Other
    $70,184
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,729
    Bonus
    $0
    Other
    $0
    Deferred
    $60,800
    Nontaxable benefits
    $9,384
    Filer's total
    $305,913

  • Justin Ferguson

    NATIONAL AFFAIRS

    Total calculated
    $229,007
    From this org
    $166,467
    From related orgs
    $0
    Other
    $62,540
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,467
    Bonus
    $0
    Other
    $0
    Deferred
    $39,140
    Nontaxable benefits
    $23,400
    Filer's total
    $229,007

  • Douglas Ervin

    CHIEF ORGANIZATION OFFICER

    Total calculated
    $274,284
    From this org
    $211,813
    From related orgs
    $0
    Other
    $62,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,813
    Bonus
    $0
    Other
    $0
    Deferred
    $45,050
    Nontaxable benefits
    $17,421
    Filer's total
    $274,284

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

None.

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

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.5
Source object
202610699349300646

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