Kentucky Farm Bureau Federation
- Assets
- $631.8k
- Revenue
- $180.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Henderson, KY
- Founding
- 03/1964
- Data as of
- 10/2022
- EIN
- 61-0465577
Organization Overview
Kentucky Farm Bureau Federation is located in Henderson, KY. The organization was established in 1964. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within 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 10/2022, Kentucky Farm Bureau Federation generated $180.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $162.7k during the year ending 10/2022. While expenses have increased by 6.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HENDERSON COUNTY FARM BUREAU IS A VOLUNTARY ORGANIZATION OF FARM FAMILIES AND THEIR ALLIES DEDICATED TO SERVING AS THE VOICE OF AGRICULTURE BY IDENTIFYING PROBLEMS, DEVELOPING SOLUTIONS AND TAKING ACTIONS WHICH WILL IMPROVE NET FARM INCOME IN HENDERSON COUNTY, KENTUCKY, ACHIEVE BETTER ECONOMIC OPPORTUNITIES AND ENHANCE THE QUALITY OF LIFE FOR ALL HENDERSONIANS AND KENTUCKIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HENDERSON COUNTY FARM BUREAU HAS ESTABLISHED A REPUTATION AS AN EFFECTIVE ADVOCATE FOR ITS MEMBERS. ITS INFORMATION PRODUCTS AND MEMBER SERVICE PROGRAMS ARE ALSO WELL RESPECTED AND HIGHLY SUCCESSFUL. HENDERSON COUNTY FARM BUREAU OFFERS VARIOUS MEMBER PROGRAMS INCLUDING PUBLICE AFFAIRS, LEADERSHIP ACITIVITIES, INSURANCE, ACCIDENTAL DEATH POLICIES, SAFETY, HEALTH AND WELLNESS PROGRAMS AND THEFT REWARD. CONTROL OF HENDERSON FARM BUREAU IS VESTED IN THE HANDS OF AGRICULTURAL PRODUCERS, COMPRISING A GRASS -ROOTS LEADERSHIP STRUCTURE.
WOMEN ARE INVOLVED IN NUMEROUS PROGRAMS AT THE STATE AND COUNTY LEVELS TO BOLSTER THE EFFECTIVENESS OF HENDERSON COUNTY FARM BUREAU. A STATEWIDE WOMEN'S LEADERSHIP CONFERENCE IS HELD EACH YEAR, ATTRACTING PARTICIPANTS FROM ACROSS THE STATE. SESSIONS DEAL WITH CURRENT AG ISSUES, FARM/HOME CONCERNS, CONSUMER EDUCATION AND EXPANDING LEADERSHIP ROLES.
YOUTH DEVELOPMENT ACTIVITIES - LEADERSHIP DEVELOPMENT IS THE CHIEF GOAL OF HENDERSON COUNTY FARM BUREAU'S YOUTH DEVELOPMENT PROGRAMS. PROGRAMS INTRODUCE PARTICIPANTS TO THE BUSINESS SIDE OF HENDERSON COUNTY FARM BUREAU, WHILE SIMULTANEOUSLY OFFERING FAMILY-ORIENTED SOCIAL EVENTS FOR THEIR ENJOYMENT. STATEWIDE CONFERENCES AND SEMINARS ARE HELD EACH YEAR TO EDUCATE YOUTH IN AGRICULATURAL ISSUES, INCLUDING INSTITUTE FOR FUTURE AGRICULTURAL LEADERS (IFAL), WHICH EXPOSES STUDENTS TO COLLEGE LIFE AND EXPLORES DIFFERENT FIELDS OF STUDY FOR CAREERS IN AGRICULTURE.
SCHOLARSHIPS - HENDERSON COUNTY FARM BUREAU AWARDS VARIOUS SCHOLARSHIPS TO STUDENTS MEMBERS TO HELP THOSE STUDENTS FURTHER THEIR HIGHER EDUCATION GOALS. STUDENTS MUST MEET PRE-SPECIFIED REQUIREMENTS TO BE AWARDED THE SCHOLARSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Mcindoo Secretary | OfficerTrustee | $0 | |
Josh Renaker Vice Preside | OfficerTrustee | $0 | |
Michael C Smith Treasurer | OfficerTrustee | $0 | |
John Denton President | OfficerTrustee | $0 | |
Stephen Boyens Agency Manag | Trustee | $0 | |
Skip King Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $32,269 |
| 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 | $32,269 |
| Total Program Service Revenue | $125,242 |
| Investment income | $23,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $180,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,611 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $11,914 |
| Compensation of current officers, directors, key employees. | $11,914 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,038 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,449 |
| Advertising and promotion | $2,627 |
| Office expenses | $11,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,226 |
| Insurance | $877 |
| All other expenses | $0 |
| Total functional expenses | $162,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $475,336 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $154,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,100 |
| Total assets | $631,810 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254 |
| Total liabilities | $254 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $631,556 |
| Total liabilities and net assets/fund balances | $631,810 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Assn Of State Dept Of Agriculture Arlington, VA | $11,534,503 | $27,147,679 |
Agricultural Retailers Association Arlington, VA | $7,161,238 | $3,721,691 |
National Agricultural Aviation Association Alexandria, VA | $4,837,263 | $3,074,884 |
Ohio Ecological Food And Farm Association Certification Columbus, OH | $723,448 | $1,998,099 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Producers Livestock Credit Assoc Columbus, OH | $13,618,291 | $3,463,725 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
Ohio Corn & Wheat Growers Assoc Delaware, OH | $2,239,785 | $1,312,659 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |
Gap Connections Inc Knoxville, TN | $584,958 | $913,467 |