Kentucky Farm Bureau Federation
- Assets
- $387.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, KY
- Founding
- 02/1964
- Data as of
- 12/2023
- EIN
- 61-0602104
Organization Overview
Kentucky Farm Bureau Federation is located in Hartford, 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 12/2023, Kentucky Farm Bureau Federation generated $67.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $66.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
THE ADVANCEMENT AND IMPROVEMENT OF AGRICULTURAL AND ALLIED INTERESTS OF THE FARMERS OF KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Black President | 0 | $0 | |
Chad Porter 1st Vice President | 0 | $0 | |
Isaac Brown 2nd Vice President | 0 | $0 | |
Lisa Abner Secretary/ Treasurer | 10 | $7,277 | |
Tennyson Sanderfur Agency Manager | 0 | $0 | |
Garry Igleheart Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,915 |
| Total Program Service Revenue | $0 |
| Membership dues | $38,565 |
| Investment income | $9,879 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,359 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,277 |
| Professional fees and other payments to independent contractors | $1,245 |
| Occupancy, rent, utilities, and maintenance | $11,217 |
| Printing, publications, postage, and shipping | $6,387 |
| Other expenses | $33,504 |
| Total expenses | $66,330 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $323,947 |
| Other assets | $0 |
| Total assets | $387,013 |
| Total liabilities | $947 |
| Net assets or fund balances | $386,066 |