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Nonprofiteer
← KENTUCKY FARM BUREAU BENEFITS TR

Form 990 for tax year 2022

Filed by KENTUCKY FARM BUREAU BENEFITS TR.

Totals

Total revenue
$1,971,101
Total expenses
$3,385,960
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$601,738
Investment income
$1,369,363
Other revenue
$0
Total assets, end of year
$112,930,207
Total liabilities, end of year
$268,022
Net assets or fund balances, end of year
$112,662,185
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: PARTICIPANT CONTRIBUTIONS

    total $601,738 · related or exempt $601,738

  • 3 · Investment income

    total $3,495,142 · unrelated business $170,924 · excluded $3,324,218

  • 7a · Gross sales of assets other than inventory

    securities $274,660,842

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

    securities $276,786,621

  • 7c · Gain or loss

    securities -$2,125,779

  • 7d · Net gain or loss

    total -$2,125,779 · unrelated business -$2,125,779

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,796,074

  • 11c · Fees: accounting

    total $11,000

  • 23 · Insurance

    total $126,390

  • 24a · Other expenses: CONTRACT ADMIN FEES

    total $437,496

  • 24b · Other expenses: TAXES (UBIT)

    total $15,000

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $1,231,193

  • 11 · Investments: publicly traded securities

    beginning of year $129,674,872 · end of year $110,139,789

  • 15 · Other assets

    beginning of year $1,282,241 · end of year $1,559,225

  • 17 · Accounts payable and accrued expenses

    beginning of year $323,516 · end of year $268,022

  • 29 · Capital stock, trust principal or current funds

    beginning of year $130,633,597 · end of year $112,662,185

  • 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 $0 · end of year $0

Mission and programs · 2022

Mission

FUND RETIREE MEDICAL BENEFITS.

  • HEALTH CLAIMS PAID FOR RETIREE MEDICAL BENEFITS.

As filed on the 2022 return.

Listed in Part VII

  • MARK HANEY

    PRESIDENT, BOARD DIRECTOR

    Total calculated
    $803,442
    From this org
    $0
    From related orgs
    $748,059
    Other
    $55,383
    Hours/week
    0.1 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $353,521 related
    Bonus
    $0 + $363,762 related
    Other
    $0 + $30,776 related
    Deferred
    $0 + $38,950 related
    Nontaxable benefits
    $0 + $16,433 related
    Filer's total
    $0 + $803,442 related

  • EDDIE MELTON

    1ST VICE PRESIDENT, BOARD

    Total calculated
    $385,122
    From this org
    $0
    From related orgs
    $354,906
    Other
    $30,216
    Hours/week
    0.1 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,539 related
    Bonus
    $0 + $166,300 related
    Other
    $0 + $32,067 related
    Deferred
    $0 + $21,376 related
    Nontaxable benefits
    $0 + $8,840 related
    Filer's total
    $0 + $385,122 related

  • SHARON FURCHES

    2ND VICE PRESIDENT, BOARD

    Total calculated
    $301,230
    From this org
    $0
    From related orgs
    $290,290
    Other
    $10,940
    Hours/week
    0.1 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $118,539 related
    Bonus
    $0 + $138,550 related
    Other
    $0 + $33,201 related
    Deferred
    $0 + $10,940 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $301,230 related

  • CLOYCE HINKLE

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $60,803
    Other
    $31,206
    Hours/week
    0.1 + 4 related

  • ALEXANDER BARNETT

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $63,674
    Other
    $28,335
    Hours/week
    0.1 + 4 related

  • LARRY CLARK

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $92,009
    Other
    $0
    Hours/week
    0.1 + 4 related

  • DAVID MCGLONE

    BOARD DIRECTOR

    Total calculated
    $95,980
    From this org
    $0
    From related orgs
    $95,980
    Other
    $0
    Hours/week
    0.1 + 4 related

  • MARSHALL COYLE

    RETIRED PRESIDENT, BOARD

    Total calculated
    $155,676
    From this org
    $0
    From related orgs
    $155,676
    Other
    $0
    Hours/week
    0.1 + 4 related

    Schedule J breakdown matched by us

    Base
    $0 + $95,676 related
    Bonus
    $0
    Other
    $0 + $60,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,676 related

  • SCOTT TRAVIS

    BOARD DIRECTOR (TERM ENDED 2022)

    Total calculated
    $55,710
    From this org
    $0
    From related orgs
    $55,710
    Other
    $0
    Hours/week
    0

  • KELLY THURMAN

    BOARD DIRECTOR

    Total calculated
    $95,675
    From this org
    $0
    From related orgs
    $88,860
    Other
    $6,815
    Hours/week
    0.1 + 4 related

  • GLENN HOWELL

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $92,009
    Other
    $0
    Hours/week
    0.1 + 4 related

  • MARK KINSEY

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $92,009
    Other
    $0
    Hours/week
    0.1 + 4 related

  • LARRY THOMAS

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $92,009
    Other
    $0
    Hours/week
    0.1 + 4 related

  • TERRY LAWSON

    BOARD DIRECTOR

    Total calculated
    $92,009
    From this org
    $0
    From related orgs
    $74,971
    Other
    $17,038
    Hours/week
    0.1 + 4 related

  • JOE PAUL MATTINGLY

    BOARD DIRECTOR

    Total calculated
    $38,129
    From this org
    $0
    From related orgs
    $16,094
    Other
    $22,035
    Hours/week
    0.1 + 4 related

  • PNC BANK

    TRUSTEE

    Total calculated
    $14,682
    From this org
    $14,682
    From related orgs
    $0
    Other
    $0
    Hours/week
    5 + 4 related

  • BANK OF NEW YORK MELLON

    TRUSTEE

    Total calculated
    $26,086
    From this org
    $26,086
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • DAVID L CAMPBELL

    FORMER BOARD DIRECTOR

    Total calculated
    $63,378
    From this org
    $0
    From related orgs
    $63,378
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $63,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $63,378 related

  • J FRITZ GIESECKE

    FORMER BOARD DIRECTOR

    Total calculated
    $39,448
    From this org
    $0
    From related orgs
    $39,448
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $39,448 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $39,448 related

  • TRIPP FURCHES

    FORMER BOARD DIRECTOR

    Total calculated
    $93,467
    From this org
    $0
    From related orgs
    $93,467
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $93,467 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $93,467 related

  • BIGE HENSLEY

    FORMER BOARD DIRECTOR

    Total calculated
    $87,021
    From this org
    $0
    From related orgs
    $87,021
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $87,021 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $87,021 related

  • DAVID CHAPPELL

    FORMER BOARD DIRECTOR

    Total calculated
    $45,666
    From this org
    $0
    From related orgs
    $45,666
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $45,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $45,666 related

  • JAY COLEMAN

    FORMER BOARD DIRECTOR

    Total calculated
    $35,666
    From this org
    $0
    From related orgs
    $35,666
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $35,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $35,666 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
DIRECTORS AND OFFICERS PARTICIPATED IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN OF A RELATED ENTITY. THE FOLLOWING CONTRIBUTIONS WERE MADE TO THE PLAN DURING THE YEAR ON BEHALF OF THE FOLLOWING INDIVIDUALS: MARK HANEY, $38,950 EDDIE MELTON, $21,376 SHARON FURCHES, $10,940 ALEXANDER BARNETT, $28,335 KELLY THURMAN, $6,815 CLOYCE HINKLE - $31,206 TERRY LAWSON - $17,038 JOE PAUL MATTINGLY - $22,035

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202313149349301321

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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