2026-09-14T08:24:14-05:00 2025-10-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2024-11-01 610443949 KENTUCKY FARM BUREAU FEDERATION KENT 5024955000 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 ALVAN D GRAHAM EXECUTIVE VICE PRESIDENT 5024955000 2026-09-11 1 0 MELANIE MCPEAK P01346034 8885871719 2024 ALVAN D GRAHAM 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 16710904 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. 34 28 43 1 1619342 0 0 0 8416954 8303171 2182074 2101618 5308491 6201809 15907519 16606598 3925 2650 158741 162477 6271889 7062101 0 0 0 7873718 8315041 14308273 15542269 1599246 1064329 30690071 31873538 12280881 12528198 18409190 19345340 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, 2025, THERE WERE 474,549 PAID MEMBERSHIPS BEING SERVED BY THE KENTUCKY FARM BUREAU FEDERATION THROUGH THEIR PROGRAMS.THE FEDERATION SEEKS TO STRENGTHEN THE FUTURE OF AGRICULTURE IN KENTUCKY BY CULTIVATING INFORMED, ENGAGED, AND EFFECTIVE LEADERS ACROSS MULTIPLE GENERATIONS THROUGH VARIOUS PROGRAMS, SUCH AS WOMEN IN AG PROGRAM, YOUNG FARMER PROGRAM AND GENERATION BRIDGE PROGRAM. 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 82 0 1 43 1 1 1 0 0 0 0 0 0 0 X 34 28 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 PO BOX 20700 LOUISVILLE KY 402500700 LAURA STEPHENSON DIRECTOR (FROM 01/25) 1.50 0.00 X 0 0 0 J MATT CHALIFF DIRECTOR (FROM 01/25) 1.50 0.00 X 0 0 0 BRANDON SEARS DIRECTOR (FROM 01/25) 1.50 0.00 X 0 0 0 NANCY COX DIRECTOR (TO 12/24) 2.00 0.00 X 0 0 0 RICKY LEE ARNETT DIRECTOR (TO 12/24) 2.00 0.00 X 0 0 0 BRANDON K DAVIS DIRECTOR (TO 12/24) 2.00 0.00 X 0 0 0 JED CLARK DIRECTOR (FROM 12/24) 2.00 0.00 X 0 0 0 JUSTIN IMEL DIRECTOR (FROM 12/24) 2.00 0.00 X 0 0 0 ROB MCCLANAHAN DIRECTOR (TO 12/24) 2.00 0.00 X 0 26523 0 MACKENZIE WRIGHT DIRECTOR (TO 12/24) 2.00 0.00 X 0 24123 0 BETTIE BEAN DIRECTOR 2.00 0.00 X 0 28723 0 JAMES RUNION DIRECTOR 2.00 0.00 X 0 2750 0 MARK KINSEY DIRECTOR 1.50 0.50 X 0 14300 0 DAVID MCGLONE DIRECTOR 1.50 0.50 X 0 14500 0 TERRY LAWSON DIRECTOR 1.50 0.50 X 0 14900 0 GLENN HOWELL DIRECTOR 1.50 0.50 X 0 16100 0 ALEX BARNETT DIRECTOR 1.50 0.50 X 0 11100 6635 CLOYCE WARREN HINKLE DIRECTOR 1.50 0.50 X 0 12400 6728 VICTOR REXROAT DIRECTOR 1.50 0.50 X 0 21100 0 SCOTT BARNES DIRECTOR 1.50 0.50 X 0 26373 0 DAVID TAYLOR DIRECTOR 1.50 0.50 X 0 26723 0 PJ MILBURN DIRECTOR 1.50 0.50 X 0 27173 0 TODD BROCK DIRECTOR 1.50 0.50 X 0 27173 0 ZACK ISON DIRECTOR 1.50 0.50 X 0 27573 0 TAMMY WHITE DIRECTOR 1.50 0.50 X 0 27973 0 RAY ALLEN MACKEY DIRECTOR 1.50 0.50 X 0 29573 0 STEWART HUGHES DIRECTOR 1.50 0.50 X 0 30173 0 MARY KATE KORDES DIRECTOR 1.50 0.50 X 0 31973 0 TIM GOODLETT DIRECTOR 1.50 0.50 X 0 32973 0 J SCOTT DAVIS DIRECTOR 1.50 0.50 X 0 7500 0 TYLER FERGUSON DIRECTOR 1.50 0.50 X 0 19723 26090 MITCHEL LOGSDON DIRECTOR 1.50 0.50 X 0 36573 16290 SHARON FURCHES DIRECTOR 1.50 0.50 X 0 37713 0 JOE PAUL MATTINGLY DIRECTOR 1.50 0.50 X 0 7500 31003 LARRY THOMAS DIRECTOR 1.50 0.50 X 0 7450 36698 MARK HANEY PAST PRESIDENT 19.00 1.00 X X 0 31240 24435 LARRY CLARK SECOND VICE PRESIDENT 17.00 1.00 X X 97961 0 0 SHANE WISEMAN FIRST VICE PRESIDENT 17.00 1.00 X X 109271 0 8005 EDDIE MELTON PRESIDENT 17.00 1.00 X X 148319 0 34511 PHILIP R DOWDLE FINANCE AND OPERATIONS DIRECTOR 38.50 0.00 X 183289 0 37882 ALVAN D GRAHAM EXECUTIVE VICE PRESIDENT 37.50 1.00 X 597750 0 51559 KYLE KELLY DIVISION DIRECTOR 38.50 0.00 X 144562 0 22728 D MARK LYLE AREA PROGRAM DIRECTOR 38.50 0.00 X 151261 0 24904 RACHEL THOMAS EXECUTIVE ASSISTANT 38.50 0.00 X 154176 0 24974 B TODD BRIGHT DIVISION DIRECTOR 38.50 0.00 X 175806 0 40035 MATTHEW W INGRAM DIVISION DIRECTOR 38.50 0.00 X 292171 0 28006 2054566 621898 420483 20 0 1 0 KENTUCKY FARM BUREAU MGMT CORP 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 MANAGEMENT SERVICES 872244 GROUNDTRUTH LLC 2213 MARKHAM COURT LEXINGTON KY 40504 CONSULTING SERVICES SERVICES 108250 2 MEMBERSHIP DUES - STATE 900099 2595603 2595603 MEMBERSHIP DUES - AFBF 900099 2372745 2372745 MEMBER PROGRAM REVENUE 900099 1389965 1389965 CONTRACT SERVICES 541610 773500 773500 MEMBERSHIP AND BILLING SERVICES 561000 583974 583974 587384 19173 243780 324431 8303171 1933521 1933521 3450970 3450970 2736000 0 2736000 2736000 2730000 6000 157045 115358 41660 62646 115385 52712 168097 168097 1059 0 1059 1059 SOLICITATION & PROMOTION 561000 12088 12088 SUNDRY INCOME 900099 1692 1692 13780 16606598 4140197 1619342 10847059 2650 162477 1252137 4013718 480139 980533 335574 872242 1478 94174 230782 232554 170717 379271 802538 3343134 462490 106630 MEMBERSHIP AND BILLING 623409 BOARD EXPENSES 394447 COUNTY INCENTIVE PROG 366341 TAXES AND LICENSES 208711 26123 15542269 260422 303490 5373646 5966122 608255 602941 225522 256202 25429885 16597579 8549688 8832306 13437424 14136630 2235114 1775847 30690071 31873538 1676447 1576500 125000 125000 10479434 10826698 12280881 12528198 X 18409190 19345340 18409190 19345340 30690071 31873538 X 1064329 703698 -831877 X X 0 1 X 1 0 1 0 0 1153262 1153262 19006618 12998561 6008057 2308929 1866492 442437 2961076 1732526 1228550 8832306 1760915 C ACCUMULATED PENSION BENEFIT CONTRIBUTION 14932 C 1775847 DEFERRED AMOUNTS DUE KFB MGMT CORP 2644152 DIRECTOR POST-RETIREMENT BENEFIT OBLIGATION 933257 EMPLOYEE POST-RETIREMENT BENEFIT OBLIGATION 7249289 10826698 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 CONSOLIDATED 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 CONSOLIDATED FINANCIAL STATEMENTS. X X 0 0 X X 0 0 0 ALVAN D GRAHAM EXECUTIVE VICE PRESIDENT 394692 0 187260 0 15798 0 36484 0 15075 0 649309 0 0 0 MATTHEW W INGRAM DIVISION DIRECTOR 209318 0 74891 0 7962 0 4804 0 23202 0 320177 0 0 0 PHILIP R DOWDLE FINANCE AND OPERATIONS DIRECTOR 125832 0 44562 0 12895 0 14680 0 23202 0 221171 0 0 0 B TODD BRIGHT DIVISION DIRECTOR 124516 0 44596 0 6694 0 17162 0 22873 0 215841 0 0 0 EDDIE MELTON PRESIDENT 140819 0 7500 0 0 0 0 34511 0 0 148319 34511 0 0 RACHEL THOMAS EXECUTIVE ASSISTANT 121711 0 29130 0 3335 0 2101 0 22873 0 179150 0 0 0 D MARK LYLE AREA PROGRAM DIRECTOR 128127 0 16253 0 6881 0 1943 0 22961 0 176165 0 0 0 KYLE KELLY DIVISION DIRECTOR 102188 0 35839 0 6535 0 11598 0 11130 0 167290 0 0 0 PART I, LINE 1A ENTIRE BOARD, PLUS DIVISION DIRECTORS TRAVELED FOR THE BOARD EDUCATION TOUR TO THE NORTHEASTERN USA. COMMERCIAL FLIGHTS TO THE SELECTED LOCATION WERE TOO ONEROUS. PART I, LINE 1B FOR EACH BOARD EDUCATIONAL TOUR, AN AD-HOC EXPENSE ANALYSIS IS COMPLETED. 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 THE ORGANIZATION'S FORM 990 AND 990-T ARE REVIEWED BY THE CHIEF EXECUTIVE OFFICER, THE ASSISTANT TO THE EXECUTIVE OFFICER, AND THE DIRECTOR OF FINANCE AND ACCOUNTING BEFORE FILING. THESE FORMS ARE MADE AVAILABLE TO BOARD MEMBERS 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 -218,559. CHANGE IN POST-RETIREMENT BENEFIT OBLIGATIONS -197,820. NET PERIODIC PENSION BENEFIT COST -72,669. NET PERIODIC POST-RETIREMENT BENEFIT COST -342,829. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. KENTUCKY FARM BUREAU EDUCATION FOUNDATION 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 616035765 SCHOLARSHIP GRANTS KY 501(C)(3) LINE 7 KENTUCKY FARM BUREAU FEDERATION 1 KENTUCKY FARM BUREAU DEVELOPMENT CORP 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 610596348 GRP PURCH KY KENTUCKY FARM BUREAU FEDERATION C 829328 3277740 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 4151547 4428934 1.00000 1 KENTUCKY FARM BUREAU MANAGEMENT CORP 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 203459607 MGMT SERVICE KY KENTUCKY FARM BUREAU FEDERATION C 872242 2911217 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 872244 MGMT SERV-DIRECTORS KFB DEVELOPMENT CORPORATION A 3000 RENT INCOME - SPACE USED KFB INVESTMENT CORPORATION A 3000 RENT INCOME - SPACE USED KFB INVESTMENT CORPORATION F 1250414 DIVIDENDS RECEIVED KFB DEVELOPMENT CORPORATION A 17500 ADMINISTRATIVE FEE KFB INVESTMENT CORPORATION A 6000 ADMINISTRATIVE FEE