Kentucky Farm Bureau Federation
- Assets
- $443.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Castle, KY
- Founding
- 03/1964
- Data as of
- 10/2023
- EIN
- 61-0501335
Organization Overview
Kentucky Farm Bureau Federation is located in New Castle, 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)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 10/2023, Kentucky Farm Bureau Federation generated $61.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $50.0k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynnette Yount President | 1 | $0 | |
Cindy Douglas Vice-President | 1 | $0 | |
Chris Mcburney Vice-President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,187 |
| Investment income | $4,918 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$131 |
| Other Revenue | $16,077 |
| Total Revenue | $61,051 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $28,910 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,784 |
| Occupancy, rent, utilities, and maintenance | $13,110 |
| Printing, publications, postage, and shipping | $179 |
| Other expenses | $0 |
| Total expenses | $49,983 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $367,811 |
| Other assets | $0 |
| Total assets | $443,258 |
| Total liabilities | $0 |
| Net assets or fund balances | $443,258 |