2024-12-06T07:50:38-06:00 2023-07-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2022-08-01 570473090 SOUTH CAROLINA FARM BUREAU FEDERATION SOUT 8039364243 POST OFFICE BOX 754 COLUMBIA SC 29202 ERIC SEYMOUR TAX OFFICER 8039364243 2024-12-05 1 1 JANICE A RATICA P00358837 7043338881 2024-12-05 2022 2024-10-15 13:58:12Z HARRY OTT POST OFFICE BOX 754 COLUMBIA SC 29202 13577074 0 X WWW.SCFB.ORG X 1944 SC TO PROMOTE AGRICULTURAL INTERESTS IN THE STATE OF SC AND OPTIMIZE THE LIVES OF THOSE INVOLVED IN AGRICULTURE. 58 57 42 450 3852171 0 0 0 1435624 1479122 1536122 1314125 5417575 5565929 8389321 8359176 25000 95000 0 0 609939 2893169 0 0 0 3702860 4111039 4337799 7099208 4051522 1259968 49027998 52377488 4004838 4265164 45023160 48112324 X THE SC FARM BUREAU FEDERATION IS A STATEWIDE ORGANIZATION THAT BRINGS TOGETHER FARMERS, RANCHERS, ENTREPRENEURS, AGRIBUSINESS PROFESSIONALS AND FOOD ENTHUSIASTS TO STRENGTHEN THE FUTURE OF AGRICULTURE IN SOUTH CAROLINA. WE INFORM LAWMAKERS ABOUT THE IMPACT OF POLICIES, TRAIN YOUNG FARMERS, AND HELP EDUCATE TEACHERS AND STUDENTS ABOUT AGRICULTURE. THROUGH OUR COLLECTIVE EFFORTS, THE FEDERATION ADVANCES FAMILY FARMS, LOCALLY GROWN FOOD, AND RURAL SOUTH CAROLINA. 0 0 THE FEDERATION PROVIDES A VEHICLE FOR FARMERS TO WORK TOGETHER TO DEVELOP UNIFIED POLICIES TO FEATURE AGRICULTURAL ACHIEVEMENTS AND PROMOTE OPPORTUNITIES FOR OUR MEMBERS TO COME TOGETHER AND SHARE AGRICULTURAL EXPERIENCES, PROVIDE EDUCATIONAL CLASSES AND PROMOTE FELLOWSHIP AMONGST MEMBERS AND THEIR FAMILIES. YOUNG FARMERS & RANCHERS - PROVIDE SUPPORT FOR YOUNG FARMERS AND THEIR FAMILIES BY PROVIDING PROGRAMS AND ACTIVITIES FOR EDUCATION, LEADERSHIP DEVELOPMENT AND ADVOCACY. PROVIDE OPPORTUNITY FOR MEMBERS TO ENGAGE WITH LEGISLATORS ON A GRASSROOTS LEVEL AND ADVOCATE FOR POLICIES IN SUPPORT OF SOUTH CAROLINA AGRICULTURE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 1 72 0 1 42 1 1 1 0 0 0 0 0 0 0 X 58 57 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 X ERIC SEYMOUR 8039364243 POST OFFICE BOX 754 COLUMBIA SC 29202 HARRY OTT PRESIDENT 40.00 X X 222278 0 59660 KEITH ALLEN PEE DEE DISTRICT VICE PRESIDENT 1.30 X 2000 0 0 TIM DONALD PIEDMONT DISTRICT VICE PRESIDENT 1.30 X 1750 0 0 RALEIGH WARD PEE DEE DISTRICT VICE PRESIDENT 1.30 X 1500 0 0 ANDY WHITEN BOARD MEMBER 0.30 X 1375 0 0 CHARLES BRIGMAN BOARD MEMBER 0.30 X 1250 0 0 JOHN FOGLE BOARD MEMBER 0.30 X 1250 0 0 THOMAS DAILEY BOARD MEMBER 0.30 X 1250 0 0 WALTON CALHOUN BOARD MEMBER 0.30 X 1250 0 0 CHARLES WINGARD BOARD MEMBER 0.30 X 1185 0 0 DOUG STEWART PIEDMONT DISTRICT VICE PRESIDENT 1.30 X 1125 0 0 TIMMY BENTON COASTAL DISTRICT VICE PRESIDENT 1.30 X 1060 0 0 CECIL EADDY BOARD MEMBER 0.30 X 1000 0 0 CHRIS TALLEY BOARD MEMBER 0.30 X 1000 0 0 MARCUS GERALD BOARD MEMBER 0.30 X 1000 0 0 MICHAEL GRIER BOARD MEMBER 0.30 X 1000 0 0 TED WENTZKY BOARD MEMBER 0.30 X 1000 0 0 DONNIE WAKEFIELD CENTRAL DISTRICT VICE PRESIDENT 1.30 X 935 0 0 MEGAN FLOYD BOARD MEMBER 0.30 X 875 0 0 EDDY ELLISON BOARD MEMBER 0.30 X 750 0 0 JIMMIE LEE SHAW BOARD MEMBER 0.30 X 750 0 0 PINCKNEY MURRAY BOARD MEMBER 0.30 X 750 0 0 DALE WILSON BOARD MEMBER 0.30 X 625 0 0 FRANK MCLEOD BOARD MEMBER 0.30 X 625 0 0 GEORGE BRYANT BOARD MEMBER 0.30 X 625 0 0 GUY RAMSEY IV BOARD MEMBER 0.30 X 625 0 0 HENRY HERNDON BOARD MEMBER 0.30 X 625 0 0 JOEY LEMMONS BOARD MEMBER 0.30 X 625 0 0 SABIE CATHCART BOARD MEMBER 0.30 X 625 0 0 STEVE SQUIRES BOARD MEMBER 0.30 X 625 0 0 AARON WOOD BOARD MEMBER 0.30 X 0 0 0 ADRIAN WILKES BOARD MEMBER 0.30 X 0 0 0 ALAN ULMER BOARD MEMBER 0.30 X 0 0 0 ALLEN OWENS BOARD MEMBER 0.30 X 0 0 0 BO NORRIS BOARD MEMBER 0.30 X 0 0 0 BOB HALL BOARD MEMBER 0.30 X 0 0 0 C B PLAYER III BOARD MEMBER 0.30 X 0 0 0 CLARK BURROWS BOARD MEMBER 0.30 X 0 0 0 CULLEN BRYANT BOARD MEMBER 0.30 X 0 0 0 DAVIS CALHOUN BOARD MEMBER 0.30 X 0 0 0 DEAN HUTTO BOARD MEMBER 0.30 X 0 0 0 FRANK NUTT BOARD MEMBER 0.30 X 0 0 0 GARY YOUMANS BOARD MEMBER 0.30 X 0 0 0 GREG JOHNSMAN BOARD MEMBER 0.30 X 0 0 0 HARRY DUPREE BOARD MEMBER 0.30 X 0 0 0 JERRY BRELAND BOARD MEMBER 0.30 X 0 0 0 JOE ALVIN DERRICK BOARD MEMBER 0.30 X 0 0 0 JOSEPH C OSWALD III BOARD MEMBER 0.30 X 0 0 0 KEITH ULMER BOARD MEMBER 0.30 X 0 0 0 MARGO HUGGINS BOARD MEMBER 0.30 X 0 0 0 MARTY BOWERS BOARD MEMBER 0.30 X 0 0 0 MIKE SHIRER BOARD MEMBER 0.30 X 0 0 0 NEAL BAXLEY BOARD MEMBER 0.30 X 0 0 0 RICHARD FLOYD BOARD MEMBER 0.30 X 0 0 0 RODNEY QUATTLEBAUM BOARD MEMBER 0.30 X 0 0 0 RUSTY DARBY BOARD MEMBER 0.30 X 0 0 0 SCOTT CROXTON BOARD MEMBER 0.30 X 0 0 0 TED COLEMAN BOARD MEMBER 0.30 X 0 0 0 THOMAS G STANLEY JR BOARD MEMBER 0.30 X 0 0 0 WENDELL BROCKMAN JR BOARD MEMBER 0.30 X 0 0 0 WILLIAM COLEMAN BOARD MEMBER 0.30 X 0 0 0 WILLIAM KIRVEN IV BOARD MEMBER 0.30 X 0 0 0 WINGARD COPELAND BOARD MEMBER 0.30 X 0 0 0 ROBERT YODER JR SECRETARY/CENTRAL DISTRICT VP 1.30 X X 1250 0 0 WESLEY ULMER TREASURER/COASTAL DISTRICT VP 1.30 X X 1185 0 0 ERIC SEYMOUR CHIEF FINANCIAL OFFICER 40.00 X 128360 0 40241 LARRY MCKENZIE DIVISION DIRECTOR 40.00 X 227629 0 84995 GARY SPIRES EXECUTIVE DIRECTOR 40.00 X 185738 0 90074 THOMPSON SMITH DIRECTOR 40.00 X 125249 0 54712 RICHARD CALDWELL ASSOCIATE DIRECTOR 40.00 X 111610 0 31443 STEPHANIE SOX DIVISION DIRECTOR 40.00 X 103711 0 34747 1136065 0 395872 7 0 1 0 0 MEMBERSHIP DUES 561499 1479122 1479122 1479122 798078 798078 465237 130565 334672 334672 334672 5603380 5087333 516047 516047 516047 SERVICE FEES 531390 3488699 3488699 RELATED PARTY DIVIDEND 531390 1661600 1661600 OTHER INCOME 531390 52158 52158 28800 28800 5231257 8359176 1531280 3852171 2975725 95000 1431986 1250322 18277 192584 255000 101623 110075 1800349 313210 497274 BUILDING MANAGEMENT FEE 544641 PUBLICATION COSTS 254912 REPAIRS AND MAINTENANCE 88880 DUES AND SUBSCRIPTIONS 64322 80753 7099208 1614597 1484022 605723 1263491 1186483 1210905 130939 85481 8236124 5326906 3094329 2909218 32485571 34451503 9910356 10972868 49027998 52377488 912669 1184681 3092169 3080483 4004838 4265164 X 0 0 0 0 45023160 48112324 45023160 48112324 49027998 52377488 X 1259968 1559825 269371 X X 0 1 X 1 0 628569 628569 6211572 4023504 2188068 370238 277657 92581 1025745 1025745 0 2909218 INVESTMENT IN INVESTMENT, LLC 4885507 INVESTMENT IN MARKETING ASSOCIATION 2065426 INVESTMENT IN FINANCIAL SERVICES 72854 ACCRUED INTEREST 142168 INVESTMENT IN MANAGEMENT, LLC -197168 INVESTMENT IN HOLDING COMPANY 2225099 INVESTMENTS IN RELATED PARTIES 1000000 ACCRUED PENSION BENEFIT 778982 10972868 ACCRUED PENSION & POSTRETIREMENT BENEFIT COST 1591753 NOTE PAYABLE - AFFILIATE 1488730 3080483 X 10049565 1559825 130565 1690390 8359175 1 1 8359176 7229772 130565 130565 7099207 1 1 7099208 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FEDERATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FEDERATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FEDERATION, AND HAS CONCLUDED THAT AS OF JULY 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. DEFERRED TAX ASSETS AND LIABILITIES ARE RECORDED FOR THE TAX EFFECTS OF CARRYFORWARD ITEMS AND TEMPORARY DIFFERENCES BETWEEN THE BOOK AND TAX BASIS OF ASSETS AND LIABILITIES AT CURRENTLY ENACTED TAX RATES FOR THESE SUBSIDIARIES SUBJECT TO INCOME TAX AS REQUIRED UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. MANAGEMENT ESTABLISHES VALUATION ALLOWANCES AGAINST DEFERRED TAX ASSETS IF IT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE ASSET WILL NOT BE REALIZED. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 130,565. PART XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 130,565. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. 1 SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION POST OFFICE BOX 754 COLUMBIA SC 29202 570866006 501(C)(3) 15000 0 EDUCATION SUPPORT SC AG-IN-THE-CLASSROOM FUND POST OFFICE BOX 754 COLUMBIA SC 29202 582304053 501(C)(3) 10000 0 EDUCATION SUPPORT SOUTH CAROLINA FARM BUREAU LAND TRUST INC 724 KNOX ABBOTT DRIVE CAYCE SC 29033 921376429 501(C)(3) 70000 0 AGRICULTURAL LAND CONSERVATION SUPPORT 3 0 PART I, LINE 2: THE ORGANIZATION DISTRIBUTES FUNDS TO RELATED TAX-EXEMPT ORGANIZATIONS TO PROMOTE AND SUPPORT THE EDUCATIONAL PROGRAMS OF THE SOUTH CAROLINA FARM BUREAU. X X 1 1 X X X 0 0 0 LARRY MCKENZIE DIVISION DIRECTOR 227629 0 0 0 0 0 61575 0 23420 0 312624 0 0 0 HARRY OTT PRESIDENT 222278 0 0 0 0 0 48066 0 11594 0 281938 0 0 0 GARY SPIRES EXECUTIVE DIRECTOR 185738 0 0 0 0 0 68434 0 21640 0 275812 0 0 0 THOMPSON SMITH DIRECTOR 125249 0 0 0 0 0 43118 0 11594 0 179961 0 0 0 ERIC SEYMOUR CHIEF FINANCIAL OFFICER 128360 0 0 0 0 0 29528 0 10713 0 168601 0 0 0 PART I, LINE 1A MEMBERSHIP DUES TO SOCIAL CLUB IS PROVIDED FOR THE PRESIDENT FOR BUSINESS PURPOSES ONLY AND EXPENSES ARE REVIEWED FOR PROPRIETY. RUSSELL OTT SON OF HARRY OTT, PRESIDENT OF THE ORGANIZATION 75000 RUSSELL OTT, SON OF HARRY OTT, PROVIDES CONSULTING SERVICES TO THE ORGANIZATION. ALL TRANSACTIONS ARE PROVIDED AT ARM'S LENGTH AND FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD ON AN ANNUAL BASIS. THE BOARD PERIODICALLY ENGAGES AN INDEPENDENT CONSULTANT TO ANALYZE THE COMPENSATION OF THE EXECUTIVE DIRECTOR TO ENSURE REASONABLENESS. THE PRESIDENT REVIEWS AND MAKES FINAL DECISION ON ANNUAL CHANGES TO EMPLOYEE COMPENSATION. ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FEDERATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: EQUITY GAIN FROM SUBSIDIARIES 269,371. PART XII, LINE 2(C) PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SC FARM BUREAU EDUCATIONAL FOUNDATION PO BOX 754 COLUMBIA SC 29202 570866006 PROVIDE SCHOLARSHIPS TO PERSONS PURSUING AGRICULTURE/RELATED FIELD DEGREE SC 501(C)(3) LINE 7 N/A 0 SC AG-IN-THE CLASSROOM FUND PO BOX 754 COLUMBIA SC 29202 582304053 TEACHER/STAFF DEVELOPMENT SC 501(C)(3) LINE 11 N/A 0 SCFB AGRICULTURAL AID FOUNDATION 724 KNOX ABBOTT DRIVE CAYCE SC 29033 831981383 FLOOD RELIEF TO HELP FARM FAMILIES SC 501(C)(3) LINE 7 N/A 0 SOUTH CAROLINA FARM BUREAU LAND TRUST INC 724 KNOX ABBOTT DRIVE CAYCE SC 29033 921376429 AGRICULTURAL LAND CONSERVATION SC 501(C)(3) LINE 7 N/A 0 SC FARM BUREAU HOLDING COMPANY 724 KNOX ABBOTT DRIVE CAYCE SC 29033 270427080 HOLDING COMPANY SC N/A C 5957330 10889678 1.00000 1 1 1 0 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 SCFB MARKETING ASSOCIATION LLC A 11405 FMV SCFB HOLDING COMPANY F 1612500 FMV SCFB INSURANCE AGENCY LLC K 117665 FMV SCFB SERVICES LLC L 10000 FMV SCFB MARKETING ASSOCIATION LLC L 10000 FMV SC AG-IN-THE-CLASSROOM FUND O 58690 FMV SCFB SERVICES LLC Q 47701 FMV SCFB EDUCATIONAL FOUNDATION Q 187 FMV SCFB MARKETING ASSOCIATION LLC Q 48371 FMV SC AG-IN-THE-CLASSROOM FUND Q 25441 FMV SCFB FINANCIAL SERVICES LLC Q 17 FMV SCFB INVESTMENT LLC Q 2039 FMV SCFB MANAGEMENT COMPANY Q 443071 FMV SCFB INSURANCE AGENCY LLC P 209451 FMV SC AG-IN-THE-CLASSROOM FUND R 10000 FMV SCFB EDUCATIONAL FOUNDATION R 15000 FMV SCFB LAND TRUST INC R 70000 FMV SCHEDULE R, PART IV, RELATED ORGANIZATIONS - ADDITIONAL INFORMATION: THE ORGANIZATION OWNS 100% OF SC FARM BUREAU HOLDING COMPANY. THE HOLDING COMPANY OWNS 100% OF THE FOLLOWING SINGLE MEMBER LIMITED LIABILITY COMPANIES: SC FARM BUREAU MARKETING ASSOCIATION, LLC EIN: 27-0573754 SC FARM BUREAU INVESTMENT, LLC EIN: 27-0573819 SC FARM BUREAU INSURANCE AGENCY, LLC EIN: 27-0574020 SC FARM BUREAU SERVICES, LLC EIN: 27-0574215 SC FARM BUREAU FINANCIAL SERVICES, LLC EIN: 27-0574364 SC FARM BUREAU MANAGEMENT, LLC EIN: 27-0574465 PRO-AG, LLC EIN: 27-0574560