2022-09-15T14:05:06-05:00 2021-10-31 271235638 MCM CPAS & ADVISORS LLP 462 SOUTH 4TH STREET SUITE 2600 LOUISVILLE KY 40202 990 2020-11-01 610443949 KENTUCKY FARM BUREAU FEDERATION KENT 5024955000 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 DREW GRAHAM EXECUTIVE VICE PRESIDENT 5024955000 2022-09-15 1 DREW GRAHAM 999009999 THERESA BATLINER CPA P00543162 5027491900 2022-09-15 2 AAL1 IAL1 2020 2023-04-26 12:10:37Z DREW GRAHAM 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 14491504 0 1631 X WWW.KYFB.COM X 1921 KY KENTUCKY FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO SERVING OUR MEMBERSHIP FAMILY AND THEIR COMMUNITIES. AS THE VOICE OF AGRICULTURE, WE IDENTIFY PROBLEMS, DEVELOP SOLUTIONS, PROMOTE ECONOMIC SUCCESS, AND ENHANCE THE QUALITY OF LIFE FOR ALL. 33 17 49 18 1937448 0 0 0 7758043 7528661 1348726 1536830 5244399 5350627 14351168 14416118 3475 3967 155205 154258 7043098 7196371 0 0 0 6506961 5736728 13708739 13091324 642429 1324794 26799792 29319600 19286670 18050529 7513122 11269071 X KENTUCKY FARM BUREAU IS A GRASSROOTS ORGANIZATION DEDICATED TO SERVING OUR MEMBERSHIP FAMILY AND THEIR COMMUNITIES. AS THE VOICE OF AGRICULTURE, WE IDENTIFY PROBLEMS, DEVELOP SOLUTIONS, PROMOTE ECONOMIC SUCCESS, AND ENHANCE THE QUALITY OF LIFE FOR ALL. 0 0 THE KENTUCKY FARM BUREAU FEDERATION WAS INCORPORATED ON FEBRUARY 15, 1921, UNDER THE LAWS OF THE COMMONWEALTH OF KENTUCKY, AS A NON-PROFIT ORGANIZATION WITHOUT CAPITAL STOCK, FOR THE ADVANCEMENT AND IMPROVEMENT OF AGRICULTURAL AND ALLIED INTERESTS OF THE FARMERS OF KENTUCKY. THE FEDERATION IS AN ORGANIZATION OF THE VARIOUS COUNTY FARM BUREAUS OF KENTUCKY AND THEIR MEMBERS, AND IS SUPPORTED BY MEMBERSHIP DUES FROM THESE COUNTY UNITS. ADDITIONAL INCOME IS RECEIVED FROM EARNINGS ON INVESTMENTS; FROM RENTAL OF OFFICE SPACE; FROM ROYALTIES AND LICENSING AGREEMENTS; AND FROM OTHER SUNDRY SOURCES. THE FEDERATION HAS THE POWER TO ACQUIRE AND HOLD PROPERTY; TO ACCEPT GIFTS AND BEQUESTS; TO APPROPRIATE AND EXPEND FUNDS FOR THE ADVANCEMENT OF FARMING AND ITS ALLIED INTERESTS; AND TO PERFORM ALL ACTS NECESSARY TO CARRY OUT THE PURPOSE FOR WHICH IT WAS ORGANIZED AND WHICH IT IS EMPOWERED TO DO UNDER ACTS OF THE KENTUCKY LEGISLATURE. AT OCTOBER 31, 2021, THERE WERE 466,206 PAID MEMBERSHIPS BEING SERVED BY THE KENTUCKY FARM BUREAU FEDERATION THROUGH THEIR PROGRAMS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 32 0 1 49 1 1 1 0 0 0 0 0 0 0 X 33 17 0 0 0 0 1 1 0 1 1 0 1 0 0 1 1 1 1 0 1 1 0 X PHILIP R DOWDLE CPA 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 40220 MARK HANEY PRESIDENT 20.00 1.00 X X 0 112305 30561 EDDIE MELTON FIRST VICE PRES 18.00 1.00 X X 0 77905 19375 SHARON FURCHES SECOND VICE PRESIDENT 18.00 1.00 X X 0 86843 0 SHANE WISEMAN DIRECTOR 2.00 1.00 X 0 21450 11674 JOE PAUL MATTINGLY DIRECTOR 2.00 1.00 X 0 0 32374 RANDY CHRISMAN DIRECTOR (TERM END 12/1/20) 2.00 X 0 0 31971 PAT HENDERSON DIRECTOR (TERM END 12/1/20) 2.00 X 0 26297 0 LARRY THOMAS DIRECTOR 2.00 1.00 X 0 0 23797 J SCOTT DAVIS DIRECTOR 2.00 1.00 X 0 21947 0 KIM MCCOY DIRECTOR (TERM END 12/1/20) 2.00 X 0 21347 0 VICTOR REXROAT DIRECTOR 2.00 1.00 X 0 21347 0 DONALD MINIARD DIRECTOR 2.00 1.00 X 0 21047 0 TERRY LAWSON DIRECTOR 2.00 1.00 X 0 20447 0 MARY KATE KORDES DIRECTOR 2.00 1.00 X 0 20147 0 RAY ALLAN MACKEY DIRECTOR 2.00 1.00 X 0 20147 0 STEWART HUGHES DIRECTOR 2.00 1.00 X 0 19547 0 JUDY HAYDEN DIRECTOR (TERM END 12/1/20) 2.00 X 0 18647 0 CARROLL AMYX DIRECTOR (TERM END 12/1/20) 2.00 X 0 16847 0 LARRY CLARK DIRECTOR 2.00 1.00 X 0 16350 0 JOHN HENNING DIRECTOR (TERM END 12/1/20) 2.00 X 0 13247 0 MARSHALL COYLE PAST PRESIDENT 2.00 X 0 5250 5356 MARK KINSEY DIRECTOR 2.00 1.00 X 0 10650 0 GLENN HOWELL DIRECTOR 2.00 1.00 X 0 9000 0 ALEX BARNETT DIRECTOR 2.00 1.00 X 0 5100 3725 DAVID L CAMPBELL DIRECTOR (TERM END 12/1/20) 2.00 X 0 5100 3604 CLOYCE WARREN HINKLE DIRECTOR 2.00 1.00 X 0 3750 4148 DAVID MCGLONE DIRECTOR 2.00 1.00 X 0 7350 0 GREG DRAKE II DIRECTOR (TERM END 12/1/20) 2.00 X 0 6600 0 BRANDON K DAVIS DIRECTOR 2.00 X 0 5700 0 SCOTT TRAVIS DIRECTOR 2.00 1.00 X 0 5400 0 KELLY THURMAN DIRECTOR 2.00 1.00 X 0 4350 0 ROGER FANNIN DIRECTOR 2.00 X 0 2700 0 HEATHER GRAHAM DIRECTOR 2.00 X 0 0 0 MARY JANE CANNON DIRECTOR 2.00 X 0 0 0 MITCHEL LOGSDON DIRECTOR 2.00 1.00 X 0 0 0 NANCY COX DIRECTOR 2.00 1.00 X 0 0 0 PJ MILBURN DIRECTOR 2.00 1.00 X 0 0 0 RICKY LEE ARNETT DIRECTOR 2.00 X 0 0 0 SCOTT BARNES DIRECTOR 2.00 1.00 X 0 0 0 TIM GOODLETT DIRECTOR 2.00 1.00 X 0 0 0 TYLER FERGUSON DIRECTOR 2.00 1.00 X 0 0 0 DREW GRAHAM EXECUTIVE VICE PRESIDENT 40.00 1.00 X 376850 0 36922 TOM LOGUE OPERATIONS DIRECTOR 40.00 X 279763 0 47583 MATTHEW INGRAM ORGANIZATION DIRECTOR 40.00 X 253139 0 54400 JEFF HARPER PUBLIC AFFAIRS DIRECTOR 40.00 X 180665 0 36900 TODD BRIGHT COMMUNICATIONS DIRECTOR 40.00 X 149834 0 34587 JOE CAIN COMMODITY DIRECTOR 40.00 X 138282 0 39835 1378533 626817 416812 15 0 1 0 SAP CONSULTING LLC PO BOX 685 MT VERNON KY 40456 CONSULTING SERVICES 130563 1 MEMBERSHIP DUES - STATE PORTION 900099 2560199 2560199 DUES RECEIVED-AFBF PORTION 900099 2331030 2331030 CONSULTING SERVICES 541610 1148758 1148758 MEMBER PROGRAM REVENUE 900099 487621 487621 MEMBERSHIP BILLING SERVICE 561000 483090 483090 517963 11350 229750 276863 7528661 1409591 36000 1373591 2579947 2579947 2736000 0 2736000 2736000 2730000 6000 202625 75386 127239 127239 127239 PROMOTION FBB MEMBER SERV 561000 33850 33850 SUNDRY INCOME 900099 830 830 34680 14416118 3228971 1937448 9249699 3967 154258 413771 5343462 279257 834843 325038 801110 6791 107012 196961 200703 103935 328731 86209 1202143 855169 94907 AUTO EXPENSE 560466 MEMBERSHIP AND BILLING 406016 BOARD EXPENSES 339498 COUNTY INCENTIVE PROGRA 223440 223637 13091324 95967 248220 1446652 4055362 611147 301162 287657 166871 25901785 16292395 10342679 9609390 6418375 7267280 7597315 7671315 26799792 29319600 1011867 1515647 125000 0 18149803 16534882 19286670 18050529 X 7513122 11269071 7513122 11269071 26799792 29319600 X 1324794 266819 2164336 X X 0 1 X 1 0 1 0 0 1153262 1153262 18091271 11994444 6096827 3860589 2853445 1007144 2796663 1444506 1352157 9609390 1761315 C INVESTMENT CONTRACT-KFB MUTUAL 4110000 C NOTE RECEIVABLE-KFB DEVELOPMENT 1800000 C 7671315 EMPLOYEES POST RETIREMENT BENEFIT OB 7317266 DEFERRED AMOUNTS DUE KFB MGMT CORP 2443857 DIRECTOR POST RETIREMENT 1102946 ACCRUED PENSION OBLIG-EXCESS OF ASSETS 5670813 16534882 X PART X, LINE 2: THE FEDERATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. HOWEVER, THE FEDERATION IS SUBJECT TO INCOME TAX ON CERTAIN UNRELATED BUSINESS INCOME. THE EDUCATION FOUNDATION IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE DEVELOPMENT CORPORATION, INVESTMENT CORPORATION AND MANAGEMENT CORPORATION ARE KENTUCKY CORPORATIONS SUBJECT TO FEDERAL, STATE AND LOCAL INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR THE FUTURE TAX CONSEQUENCES ATTRIBUTABLE TO DIFFERENCES BETWEEN THE FINANCIAL STATEMENT CARRYING AMOUNTS OF EXISTING ASSETS AND LIABILITIES AND THEIR RESPECTIVE TAX BASES. DEFERRED TAX ASSETS AND LIABILITIES ARE MEASURED USING ENACTED TAX RATES EXPECTED TO APPLY TO TAXABLE INCOME IN THE YEARS IN WHICH THOSE TEMPORARY DIFFERENCES ARE EXPECTED TO BE RECOVERED OR SETTLED. THE EFFECT ON DEFERRED TAX ASSETS AND LIABILITIES OF A CHANGE IN TAX RATES IS RECOGNIZED AS INCOME OR EXPENSE IN THE PERIOD THAT INCLUDES THE STATEMENT DATE. THE ORGANIZATION RECOGNIZES UNCERTAIN INCOME TAX POSITIONS USING THE "MORE-LIKELY-THAN-NOT" APPROACH AS DEFINED IN THE ASC. NO LIABILITY FOR UNCERTAIN TAX POSITIONS HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. X X 0 0 0 DREW GRAHAM EXECUTIVE VICE PRESIDENT 273879 0 94320 0 8651 0 13677 0 23245 0 413772 0 0 0 TOM LOGUE OPERATIONS DIRECTOR 218134 0 46845 0 14784 0 32329 0 15254 0 327346 0 0 0 MATTHEW INGRAM ORGANIZATION DIRECTOR 195240 0 51773 0 6126 0 31155 0 23245 0 307539 0 0 0 JEFF HARPER PUBLIC AFFAIRS DIRECTOR 139774 0 36005 0 4886 0 21646 0 15254 0 217565 0 0 0 TODD BRIGHT COMMUNICATIONS DIRECTOR 111353 0 29768 0 8713 0 11342 0 23245 0 184421 0 0 0 JOE CAIN COMMODITY DIRECTOR 104616 0 27540 0 6126 0 16590 0 23245 0 178117 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE COMPRISED OF REGULAR VOTING MEMBERS AND ASSOCIATE NONVOTING MEMBERS. REGULAR MEMBERS ELECT THE VOTING DELEGATES WHO ELECT THE DIRECTORS AND ESTABLISH POLICIES OF THE ORGANIZATION AT ITS ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS, COMPOSED OF REPRESENTATIVES FROM EACH FARM BUREAU DISTRICT ARE ELECTED BY THE VOTING DELEGATES AT THE STATE ANNUAL MEETING ACCORDING TO POLICIES ESTABLISHED BY THE BYLAWS OF THE ORGANIZATION. IN THE CASE OF A VACANCY ON THE BOARD OF DIRECTORS FROM ANY CAUSE, THE REMAINING MEMBERS OF THE BOARD MAY ELECT THE SUCCESSOR TO SERVE UNTIL THE NEXT ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 10B AFFILIATED COUNTY FARM BUREAUS ARE SUBJECT TO VARIOUS AGREEMENTS WITH THE STATE AND NATIONAL FARM BUREAU ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S FORM 990 & 990T ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE ASSISTANT TO THE EXECUTIVE OFFICER AND DIRECTOR OF FINANCE & ACCOUNTING PRIOR TO FILING AND ARE AVAILABLE TO THE MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C FULL AND COMPLETE DISCLOSURE MUST BE MADE BY EACH DIRECTOR, OFFICER AND EMPLOYEE WHENEVER SUCH PERSON HAS REASON TO BELIEVE THAT A POSSIBLE CONFLICT OF INTEREST MAY EXIST. CONFLICTS OF INTEREST WILL BE FULLY DISCLOSED TO THE BOARD THROUGH THE AUDIT COMMITTEE AND MANAGEMENT SO THAT, IF NECESSARY, CORRECTIVE ACTION MAY BE TAKEN. DIRECTORS, OFFICERS AND EMPLOYEES ARE DIRECTED TO SUBMIT TO THE KENTUCKY FARM BUREAU AUDIT COMMITTEE AT THE END OF EACH FISCAL YEAR A COMPLETED QUESTIONNAIRE. THIS INFORMATION WILL SERVE AS A BASIS FOR EVALUATION AND DISCUSSION WITH THE INDIVIDUAL IN CASES WHERE CONFLICT OF INTEREST MAY APPEAR TO BE PRESENT. ANY NEW OR ADDITIONAL INFORMATION ON ANY MATTER WHICH IS COVERED BY THE QUESTIONNAIRE SHALL BE IMMEDIATELY REPORTED TO THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15 DIRECTORS' PER DIEM COMPENSATION LEVEL IS ESTABLISHED BY THE BOARD OF DIRECTORS AND RATIFIED BY THEIR VOTE. THE EXECUTIVE OFFICER'S COMPENSATION IS ESTABLISHED AND APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPARABLE COMPENSATION DATA IN EXECUTIVE SESSION AND THE DELIBERATIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING. ALL OTHER COMPENSATION IS SET BY THE EXECUTIVE OFFICER IN CONSULTATION WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS; COMPARABILITY DATA IS REVIEWED PERIODICALLY, EVERY 3 YEARS AT A MINIMUM. FORM 990, PART VI, SECTION C, LINE 19 NO GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CHANGE IN PENSION OBLIGATION 1,534,290. CHANGE IN POST-RETIREMENT BENEFIT OBLIGATIONS 1,357,738. NET PERIODIC PENSION BENEFIT COST -582,990. NET PERIODIC POST-RETIREMENT BENEFIT COST -144,702. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. KENTUCKY FARM BUREAU EDUCATION FDN 9201 BUNSEN PARKWAY PO BOX 2070 LOUISVILLE KY 402500700 616035765 SCHOLARSHIP GRANTS KY 501(C)(3) LINE 7 FEDERATION 1 KENTUCKY FARM BUREAU DEVELOPMENT CO 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 610596348 GRP PURCH KY KENTUCKY FARM BUREAU FEDERATION C 695932 3497938 1.00000 1 KENTUCKY FARM BUREAU INVESTMENT CORP 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 616025555 INVESTMENT KY KENTUCKY FARM BUREAU FEDERATION C 1500159 695609 1.00000 1 KENTUCKY FARM BUREAU MGMT CORP 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 203459607 MGMT SERVICE KY KENTUCKY FARM BUREAU FEDERATION C 1073 2619961 1.00000 1 1 1 0 1 0 1 0 0 0 1 0 1 0 1 1 0 1 0 0 KFB MANAGEMENT CORPORATION M 807186 MANAGEMENT SERV-DIRECTORS KFB DEVELOPMENT CORPORATION A 6000 RENT INCOME - SPACE USED KFB INVESTMENT CORPORATION A 6000 RENT INCOME - SPACE USED KFB DEVELOPMENT CORPORATION A 36000 INTEREST INCOME KFB INVESTMENT CORPORATION F 1200000 DIVIDENDS RECEIVED