Kentucky Farm Bureau Federation

Organization Overview

Kentucky Farm Bureau Federation is located in Louisville, KY. The organization was established in 1964. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2020, Kentucky Farm Bureau Federation employed 57 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Kentucky Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 10/2020, Kentucky Farm Bureau Federation generated $14.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $13.7m during the year ending 10/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

KENTUCKY FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO SERVING OUR MEMBERSHIP FAMILY AND THEIR COMMUNITIES. AS THE VOICE OF AGRICULTURE, WE IDENTIFY PROBLEMS, DEVELOP SOLUTIONS, PROMOTE ECONOMIC SUCCESS, AND ENHANCE THE QUALITY OF LIFE FOR ALL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE KENTUCKY FARM BUREAU FEDERATION WAS INCORPORATED ON FEBRUARY 15, 1921, UNDER THE LAWS OF THE COMMONWEALTH OF KENTUCKY, AS A NON-PROFIT ORGANIZATION WITHOUT CAPITAL STOCK, FOR THE ADVANCEMENT AND IMPROVEMENT OF AGRICULTURAL AND ALLIED INTERESTS OF THE FARMERS OF KENTUCKY. THE FEDERATION IS AN ORGANIZATION OF THE VARIOUS COUNTY FARM BUREAUS OF KENTUCKY AND THEIR MEMBERS, AND IS SUPPORTED BY MEMBERSHIP DUES FROM THESE COUNTY UNITS. ADDITIONAL INCOME IS RECEIVED FROM EARNINGS ON INVESTMENTS; FROM RENTAL OF OFFICE SPACE; FROM ROYALTIES AND LICENSING AGREEMENTS; AND FROM OTHER SUNDRY SOURCES. THE FEDERATION HAS THE POWER TO ACQUIRE AND HOLD PROPERTY; TO ACCEPT GIFTS AND BEQUESTS; TO APPROPRIATE AND EXPEND FUNDS FOR THE ADVANCEMENT OF FARMING AND ITS ALLIED INTERESTS; AND TO PERFORM ALL ACTS NECESSARY TO CARRY OUT THE PURPOSE FOR WHICH IT WAS ORGANIZED AND WHICH IT IS EMPOWERED TO DO UNDER ACTS OF THE KENTUCKY LEGISLATURE. AT OCTOBER 31, 2020, THERE WERE 460,467 PAID MEMBERSHIPS BEING SERVED BY THE KENTUCKY FARM BUREAU FEDERATION THROUGH THEIR PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$7,758,043
Investment income $1,560,258
Tax Exempt Bond Proceeds $0
Royalties $2,483,267
Net Rental Income $2,736,000
Net Gain/Loss on Asset Sales -$211,532
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,351,168

Grants Awarded

Over the last fiscal year, Kentucky Farm Bureau Federation has awarded $15,000 in support to 3 organizations.

Grant RecipientAmount

FLORIDA FARM BUREAU WOMENS FUND INC

Org PageRecipient Profile

Gainesville, FL

PURPOSE: HURRICANE MICHAEL RELIEF FOR AGRICULTURE

$5,000

GEORGIA FARM BUREAU FOUNDATION FOR AGRICULTURE INC

Org PageRecipient Profile

Macon, GA

PURPOSE: HURRICANE MICHAEL RELIEF FUND

$5,000

OWEN COUNTY EXTENSION DISTRICT FOUNDATION INC

Org PageRecipient Profile

Owenton, KY

PURPOSE: NEBRASKA DISASTER RELIEF

$5,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kentucky Farm Bureau Federation has recieved totaling $39,285.

Awarding OrganizationAmount
Kentucky Farm Bureau Education Foundation Inc

Louisville, KY

PURPOSE: DISASTER RELIEF

$29,285
Mississippi Farm Bureau Foundation & Relief Fund Inc

Jackson, MS

PURPOSE: TO FURTHER THE MISSION OF THE MISSISSIPPI FARM BUREAU FOUNDATION AND RELIEF FUND.

$10,000
View Grant Recipient Profile

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