Tennessee Farm Bureau Federation
- Assets
- $128.0m
- Revenue
- $12.2m
- Investments
- $87.3m
- Employees
- 66
- Location
- Columbia, TN
- Founding
- 12/1940
- Data as of
- 09/2021
- EIN
- 62-0380840
Organization Overview
Tennessee Farm Bureau Federation is located in Columbia, TN. The organization was established in 1940. 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 09/2021, Tennessee Farm Bureau Federation employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee 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 09/2021, Tennessee Farm Bureau Federation generated $12.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $9.3m during the year ending 09/2021. While expenses have increased by 0.0% per year over the past 6 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.
Since 2015, Tennessee Farm Bureau Federation has awarded 34 individual grants totaling $611,654. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PROTECT AND REPRESENT THE BUSINESS, ECONOMIC, SOCIAL AND EDUCATIONAL INTERESTS OF TENNESSEE FARMERS AND PUBLICATION OF MONTHLY NEWSPAPER WHICH IS DISTRIBUTED TO THE MEMBERS OF THE TENNESSEE FARM BUREAU FEDERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS - TENNSSEE FARM BUREAU FEDERATION (TFBF) LEADERS AND MEMBERS ARE INFORMED THROUGH MULTIFACITED COMMUNICATION EFFORTS. TWO PUBLICATIONS INFORM ALL MEMBERS. THE "TENNESSEE FARM BUREAU NEWS" IS SENT TO APPROXIMATELY 67,000 FARMER MEMBERS BI-MONTHLY AND SPEAKS TO CURRENT AGRICULTURAL ISSUES. OUR AWARD WINNING MAGAZINE "TENNESSEE HOME AND FARM," IS DELIVERED TO 680,000 PLUS MEMBERS QUARTERLY, AND EDUCATES ALL MEMBERS ABOUT AGRICULTURE. IN ADDITION, NEWSPAPER ARTICLES, DAILY RADIO PROGRAMMING AND TELEVISION STORIES ARE MADE AVAILABLE TO LOCAL, STATE, AND NATIONAL MEDIA MARKET OUTLETS. TFBF DEVELOPED VIDEOS ARE USED AT TRAINING MEETINGS AS WELL AS COUNTY MEETINGS. THE INTERNET WEBSITE, BLAST EMAILS, FACEBOOK, TWITTER AND OTHER SOCIAL MEDIA ARE USED TO COMMUNICATE TENNESSEE AGRICULTURE.
LEADERSHIP - INFORMED FARMER LEADERSHIP IS THE STARTING PLACE FOR ACCOMPLISHING OUR MISSION. WITHOUT MEMBER LEADERS, WE WOULD BE UNABLE TO ACCOMPLISH OUR MISSION. LEADERSHIP DEVELOPMENT OPPORTUNITIES ARE PROVIDED FOR FARMER LEADERS THROUGH OUR STATE AND NATIONAL ANNUAL MEETINGS, STATEWIDE CONFERENCES (PRESIDENTS, FARM BUREAU WOMEN, AND YOUNG FARMERS AND RANCHERS) AND REGIONAL MEETINGS (POLICY DEVELOPMENT, LEGISLATIVE AWARENESS, FARM BUREAU WOMEN, AND YOUNG FARMERS AND RANCHERS). NUMEROUS OTHER SPECIAL ISSUE MEETINGS PROVIDE LEADERSHIP TRAINING OPPORTUNITIES FOR OUR MEMBER FARMER LEADERS. STAFF HOLD LOCAL TRANING SESSIONS WITH NEW COUNTY PRESIDENTS AND WITH COUNTY BOARD AND COMMITTEE MEMBERS. TFBF ALSO COOPERATES WITH ALLIED AGRICULTURAL GROUPS IN REGIONAL LEADERSHIP TRAINING PROGRAMS.
PUBLIC POLICY - THE FOREMOST MISSION OF TFBF IS TO REPRESENT TENNESSEE FARMERS' INTERESTS AT THE LOCAL, STATE, NATIONAL, AND INTERNATIONAL LEVELS OF GOVERNMENT. GRASSROOTS PUBLIC POLICY IS DEVELOPED BY WORKING WITH FARMER LEADERS WITHIN OUR NINETY-FIVE COUNTY FARM BUREAUS. TFBF STAFF COORDINATES WITH FARMER LEADERS TO COMMUNICATE AND DEFEND THIS POLICY IN LEGISLATIVE AND REGULATORY BODIES AT THE LOCAL, STATE, AND NATIONAL LEVEL. WE WORK WITH OTHER STATE FARM BUREAUS THROUGH OUR NATIONAL AFFILIATE, THE AMERICAN FARM BUREAU FEDERATION, TO REPRESENT OUR FARMER MEMBERS' INTERESTS ON THE INTERNATIONAL LEVEL. EVERY ACTIVITY PROMOTED BY TFBF HAS THE OBJECTIVE OF SUPPORTING AND ENHANCING TFBF'S PUBLIC POLICY EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Dodd Treasurer (to Dec '21) | Officer | 40 | $191,048 |
Rhedona Rose Executive Vp/secretary | Officer | 40 | $164,833 |
Brennis Craddock COO Farmers Service | 40 | $161,298 | |
Louis Lee Maddox Director Of Communications | 40 | $129,134 | |
Joe Mckinnon Director Of Field Services | 40 | $122,615 | |
William Bryan Wright Director Of Membership | 40 | $119,696 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Budd Group Janitorial Services | 9/29/21 | $245,750 |
Journal Communications Inc Publishing Services | 9/29/21 | $865,589 |
Metropolitan Security Services Inc Security Services | 9/29/21 | $174,114 |
Prisma Nashville Marketing Services | 9/29/21 | $134,957 |
Mariott Conference Services | 9/29/21 | $255,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| 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 | $25,000 |
| Total Program Service Revenue | $9,206,812 |
| Investment income | $207,097 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $227,281 |
| Net Rental Income | $379,742 |
| Net Gain/Loss on Asset Sales | $617,592 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,173,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $222,392 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $421,124 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,071,377 |
| Pension plan accruals and contributions | $1,311,976 |
| Other employee benefits | $612,390 |
| Payroll taxes | $238,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,283 |
| Fees for services: Accounting | $69,926 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $270,878 |
| Office expenses | $197,589 |
| Information technology | $281,760 |
| Royalties | $0 |
| Occupancy | $187,954 |
| Travel | $143,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $510,401 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,621 |
| Insurance | $22,493 |
| All other expenses | $90,856 |
| Total functional expenses | $9,291,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838,125 |
| Savings and temporary cash investments | $11,074,014 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,430,568 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $144,105 |
| Inventories for sale or use | $29,207 |
| Prepaid expenses and deferred charges | $444,785 |
| Net Land, buildings, and equipment | $10,801,446 |
| Investments—publicly traded securities | $10,881,612 |
| Investments—other securities | $87,300,335 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,041,454 |
| Total assets | $127,985,651 |
| Accounts payable and accrued expenses | $1,693,994 |
| Grants payable | $0 |
| Deferred revenue | $4,989,388 |
| 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 | $14,356,559 |
| Total liabilities | $21,039,941 |
| Net assets without donor restrictions | $106,945,710 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $127,985,651 |
Grants Awarded
Over the last fiscal year, Tennessee Farm Bureau Federation has awarded $199,021 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Columbia, TN PURPOSE: DONATION TO AGRICULTURAL LITERACY | $64,906 |
THE UNIVERSITY OF TENNESSEE PURPOSE: SPONSORSHIP OF AG LEADERSHIP SCHOLARSHIP AND LOAN OAKS FARM DONATION | $41,000 |
Knoxville, TN PURPOSE: ANNUAL SPONSORSHIPS, GRANTS, AWARDS AND GIVEAWAYS | $31,058 |
Murfreesboro, TN PURPOSE: ANNUAL CONTRIBUTION FOR ANIMAL AGRICULTURE | $25,000 |
Cookeville, TN PURPOSE: AWARDS, TRAINING, GIVEAWAYS AND SPONSORSHIP | $14,557 |
Lebanon, TN PURPOSE: WILSON COUNTY PROMOTIONS FAIR SPONSORSHIP | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Montgomery Academy Inc Montgomery, AL | $22,347,255 | $11,005,286 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |