Kentucky Farm Bureau Federation
- Assets
- $474.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brandenburg, KY
- Founding
- 05/1963
- Data as of
- 10/2021
- EIN
- 61-0602097
Organization Overview
Kentucky Farm Bureau Federation is located in Brandenburg, KY. The organization was established in 1963. 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 10/2021, Kentucky Farm Bureau Federation generated $87.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $94.9k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DEVELOPMENT OF NEW TECHNIQUES AND PROMOTION OF AGRICULTURE IN MEADE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Miller Director | 0 | $0 | |
Homer L Richardson 1st Vice Pre | 0 | $0 | |
Thomas A Hobbs Director | 0 | $0 | |
Thomas Benock Director | 0 | $0 | |
Jamie Barger Director | 0 | $0 | |
Fred L Sipes President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,068 |
| Membership dues | $38,161 |
| Investment income | $26,325 |
| Gain or Loss | $3,950 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,504 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,822 |
| Occupancy, rent, utilities, and maintenance | $7,917 |
| Printing, publications, postage, and shipping | $3,045 |
| Other expenses | $80,094 |
| Total expenses | $94,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $431,251 |
| Other assets | $0 |
| Total assets | $474,255 |
| Total liabilities | $0 |
| Net assets or fund balances | $474,255 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Morgan County Agricultural Fair Association Jacksonville, IL | $905,083 | $1,324,759 |