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Nonprofiteer
← KENTUCKY FARM BUREAU INSURANCE FOUNDATION INC

Form 990 for tax year 2024

Filed by KENTUCKY FARM BUREAU INSURANCE FOUNDATION INC.

Totals

Total revenue
$641,599
Total expenses
$631,958
Contributions and grants received
$637,678
Grants paid
$625,740
Program service revenue
$0
Investment income
$0
Other revenue
$3,921
Total assets, end of year
$54,421
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$54,421
Program services expenses (Part IX)
$627,281
Management and general expenses
$4,677
Fundraising expenses
$0
Program service expenses (Part III)
$627,281

Program services were 99.3% 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.

  • 1c · Fundraising events

    $637,678

  • 1g · Noncash contributions included above

    $34,930

  • 8a · Fundraising events: gross income

    $197,589

  • 8a · Fundraising events: contributions included on line 1c

    $637,678

  • 8b · Fundraising events: direct expenses

    $193,668

  • 8c · Net income from fundraising events

    total $3,921 · excluded $3,921

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $625,740 · program services $625,740

  • 11c · Fees: accounting

    total $3,460 · management and general $3,460

  • 13 · Office expenses

    total $2,619 · program services $1,541 · management and general $1,078

  • 24a · Other expenses: TAXES & LICENSES

    total $139 · management and general $139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $64,580 · end of year $41,638

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,800 · end of year $12,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,100 · end of year $0

  • 19 · Deferred revenue

    beginning of year $19,500 · end of year $0

  • 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 $44,780 · end of year $54,421

Mission and programs · 2024

Mission

TO SUPPORT THOSE IN NEED AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE COMMONWEALTH OF KENTUCKY.

  • TO SUPPORT THOSE IN NEED AND IMPROVE THE QUALITY OF LIFE THROUGHOUT THE COMMONWEALTH OF KENTUCKY.

    Expenses $627,281 · Grants $625,740

As filed on the 2024 return.

Listed in Part VII

  • Marcus Bickwermert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Howard Rice

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • John Sparrow

    CHAIRMAN/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

  • Jena Stone

    TREASURER/ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

  • Nicki Whitmire

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202513159349305696

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