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Nonprofit · EIN 20-2034596

KENTUCKY FARM BUREAU BENEFITS TR

Tax-exempt · LOUISVILLE, KY 40220

Financials

$479K$4.7M2023$2M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of KENTUCKY FARM BUREAU BENEFITS TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,024,615$4,434,204-$2,409,589$118,345,204$488,689$117,856,515
December 31, 2023990$478,717$4,664,559-$4,185,842$119,057,666$198,065$118,859,601
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$771,895
Investment income
$1,252,720
Net gain from sales of assets
-$2,165,390
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$3,755,199
Compensation of officers, directors and key employees
$31,937
Salaries, compensation and benefits (total)
$31,937
Professional fundraising fees
$0
Legal fees
$24,288
Accounting fees
$5,160

Balance sheet and other

Total assets, start of year
$119,057,666
Total assets, end of year
$118,345,204
Total liabilities, end of year
$488,689
Net assets, end of year
$117,856,515
Publicly traded securities
$116,496,350
Gross unrelated business income
-$2,009,936
Gross receipts
$74,297,877
Employees
0
Volunteers
5
Year formed
2004
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
BANK OF NEW YORK MELLONTRUSTEE
Institutional trustee
5$31,937
JOHN SPARROWEXECUTIVE VICE PRESIDENT
Trustee or director, Officer
0.1$0
JENA STONEVP, ACCOUNTING/TREASURER
Trustee or director, Officer
0.1$0
ANGIE PHELPS-SELLSDIRECTOR, HUMAN RESOURCES
Trustee or director
0.1$0
NICKI WHITMIREVP, HR & SUPPORT SERVICES
Trustee or director
0.1$0
AMANDA ZORIOCOMPENSATION & BENEFITS
Trustee or director
0.1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
BANK OF NEW YORK MELLONTRUSTEE
Institutional trustee
5$31,498
JOHN SPARROWEXEC VICE PRESIDENT/CEO
Trustee or director, Officer
0.1$0
JENA STONEVP, ACCOUNTING/TREASURER
Trustee or director, Officer
0.1$0
NICKI WHITMIREVP, HR AND SUPPORT SERVICES
Trustee or director
0.1$0
ANGIE PHELPS-SELLSDIRECTOR, HUMAN RESOURCES
Trustee or director
0.1$0
AMANDA ZORIOCOMPENSATION AND BENEFITS MGR
Trustee or director
0.1$0

Address and contacts

Address (IRS master file)
9201 BUNSEN PKWY, LOUISVILLE, KY 40220-3793
In care of
% KENTUCKY FARM BUREAU MUTAL INSURA
Principal officer (990 for 2024)
JENA STONE, 9201 BUNSEN PARKWAY, LOUISVILLE, KY 402203793
Signed the 990
JENA STONE, TREASURER, KYFB MUTUAL INS CO.
Phone
(502) 495-5000
Return prepared by
CHERRY BEKAERT ADVISORY LLC

Mission

FUND RETIREE MEDICAL BENEFITS.

990 for the year ended December 31, 2024

Program accomplishments

  • HEALTH CLAIMS PAID FOR RETIREE MEDICAL BENEFITS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2034596
Tax-exempt status
501(c)(9): Voluntary employees' beneficiary association
Donations deductible
No
Exempt since
2007
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$118,345,204
Income (IRS master file)
$74,297,877

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,024,615$4,434,204$118,345,204XML
990December 2023$478,717$4,664,559$119,057,666XML
990December 2022$1,971,101$3,385,960$112,930,207IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2034596).

Questions about KENTUCKY FARM BUREAU BENEFITS TR

What is the EIN of KENTUCKY FARM BUREAU BENEFITS TR?
The employer identification number (EIN) of KENTUCKY FARM BUREAU BENEFITS TR is 20-2034596.
Is KENTUCKY FARM BUREAU BENEFITS TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(9) since 2007.
Are donations to KENTUCKY FARM BUREAU BENEFITS TR tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KENTUCKY FARM BUREAU BENEFITS TR file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of KENTUCKY FARM BUREAU BENEFITS TR due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KENTUCKY FARM BUREAU BENEFITS TR last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of KENTUCKY FARM BUREAU BENEFITS TR?
The 990 for the year ended December 31, 2024 names JENA STONE.
Who are the officers and directors of KENTUCKY FARM BUREAU BENEFITS TR?
The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $31,937 (BANK OF NEW YORK MELLON, TRUSTEE).
How much revenue does KENTUCKY FARM BUREAU BENEFITS TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,024,615, expenses of $4,434,204 and total assets of $118,345,204 at year end.

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