2023-11-10T09:05:00-06:00 2022-12-31 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2022-01-01 741145986 TEXAS FARM BUREAU TEXA 2543995074 PO BOX 2689 WACO TX 767022689 CHRIS DAUGHTERY CHIEF FINANCIAL OFFICER 2547512229 2023-11-06 1 CHRIS DAUGHTERY 999009999 0 ANGELA RAGAN P00969925 2547764190 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHRIS DAUGHTERY P O BOX 2689 WACO TX 76702 29345454 0 X WWW.TXFB.ORG X 1933 TX TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS AGRICULTURE. 16 0 84 5200 107033 104618 7459411 7430612 0 0 2416983 2539388 15963107 17528173 25839501 27498173 0 0 0 0 7429700 7659034 0 0 0 9023351 12002045 16453051 19661079 9386450 7837094 1072770797 916022430 12976285 11321031 1059794512 904701399 TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS AGRICULTURE. 0 0 LOCAL, COUNTY, STATE, NATIONAL AND GLOBAL MEETINGS ON AGRICULTURE AND RURAL LIVING PROMOTION OF AGRICULTURE COMMODITIES AND PROBLEM SOLVING CONCERNING MEMBERS COMMODITIES. PARTICIPATION AND UPDATING IN MATTERS OF LEGISLATION AFFECTING AGRICULTURE. 0 0 0 1 0 0 0 0 0 1 0 0 1 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 1 189 0 84 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 0 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHRIS DAUGHTERY 2543995074 P O BOX 2689 WACO TX 767022689 RUSSELL W BOENING PRESIDENT 10.00 X X 59830 10470 59816 PETE PAWELEK SECRETARY-TREASURER 5.00 X X 13665 6312 37385 PAT MCDOWELL VICE-PRESIDENT 5.00 X X 0 6312 63762 MARK DANIEL DIRECTOR 5.00 X 12908 6312 29908 BRIAN ADAMEK DIRECTOR 5.00 X 8831 20772 0 WESLEY CUDE DIRECTOR 5.00 X 16431 36220 0 JOHN PAUL DINEEN DIRECTOR 5.00 X 14131 36220 0 JOHN GRIFFITH DIRECTOR 5.00 X 19831 36220 0 KEVIN WILKERSON DIRECTOR 5.00 X 13231 6312 29908 MICKEY EDWARDS DIRECTOR 5.00 X 13098 36220 0 SAM SNYDER DIRECTOR 5.00 X 15765 6312 29908 BRIAN JONES DIRECTOR 5.00 X 9698 36220 0 ALLEN KAMINSKI DIRECTOR 5.00 X 28531 36220 0 J WALT HAGOOD DIRECTOR 5.00 X 11931 6312 29908 SI COOK EXECUTIVE DIRECTOR 40.00 X 443167 664751 242297 CHRIS DAUGHTERY CFO 40.00 X 297379 446068 137002 STEPHANIE MCMULLEN CORPORATE SECRETARY 40.00 X 148764 148764 70292 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 40.00 X 104885 244731 56665 LINDLEY ELLIOTT INVESTMENT MANAGER 40.00 X 34222 393557 54290 CHARLES BENTON DIRECTOR OF FIELD OPERATIO 40.00 X 355793 0 71884 REGAN BECK DIRECTOR OF GOVERNMENT AFF 40.00 X 356082 39564 85192 GARY JOINER DIRECTOR OF COMMUNICATIONS 40.00 X 296350 0 59762 WHIT WEEMS DIRECTOR OF ORGANIZATION 40.00 X 31011 279104 70216 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 40.00 X 208285 89266 56511 JANICE NECKAR ACCOUNTING MANAGER 40.00 X 201384 0 22782 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 40.00 X 270907 0 59845 CAREY MARTIN ASSOCIATE DIRECTOR OF RADIO 40.00 X 129846 0 28474 SCOTT ESKEW DIRECTOR OF FLEET 40.00 X 191488 0 35202 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 40.00 X 200441 0 36457 MATTHEW MARTIN CONTROLLER 40.00 X 103668 155501 54872 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 40.00 X 25579 294152 58155 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 40.00 X 185150 0 34729 PATRICK EHLERS CRKP MANAGER 40.00 X 151821 0 29906 RICHARD WITT COUNTY AUDIT MANAGER 40.00 X 37345 112034 33333 LAURA WIGLEY PAYROLL MANAGER 40.00 X 11488 132120 35197 BLAKE BROOKS HR & PR SPECIALIST/PILOT 40.00 X 11167 128418 4005 BRYCE MOORE ASSOCIATE DIRECTOR OF FIEL 40.00 X 139139 0 37044 BOB REED FORMER DIRECTOR 1.00 X 0 12645 0 BEN WIBLE FORMER DIRECTOR 1.00 X 0 32225 -26507 VAL STEPHENS FORMER DIRECTOR 1.00 X 0 45794 -38360 MICHAEL WHITE FORMER DIRECTOR 1.00 X 0 12645 0 ZACHARY YANTA FORMER DIRECTOR 1.00 X 0 14645 0 KENNETH DIERSCHKE FORMER PRESIDENT 1.00 X 0 32273 0 BOB STALLMAN FORMER PRESIDENT 1.00 X 0 12250 0 DAN SMITH FORMER DIRECTOR 1.00 X 19080 39300 -61224 JESSICA RICHMOND FORMER DIRECTOR 1.00 X 0 15000 0 LARRY W JOINER FORMER DIRECTOR 1.00 X 0 13979 0 ROBERT GORDON FORMER DIRECTOR 1.00 X 0 12645 0 MARK CHAMBLEE FORMER DIRECTOR 1.00 X 0 13979 0 NEIL WALTER FORMER DIRECTOR 1.00 X 0 13312 0 RONNIE MUENNINK FORMER DIRECTOR 1.00 X 0 13312 0 SCOTT FRAZIER FORMER DIRECTOR 1.00 X 0 15312 0 4192322 3713780 1528616 17 1 1 0 0 7430612 7430612 2412555 2412555 17014378 17014378 1974114 1846987 294 127127 -294 126833 -294 127127 SPONSORSHIP 900099 403500 403500 ADVERTISING GAIN/LOSS 900099 107033 107033 3262 3262 513795 27498173 2968 107033 19957560 3933366 1108272 2116268 501128 36910 59267 636367 205408 381580 1239005 1300029 1808 406217 168557 OUTSIDE SERVICES 4983580 PUBLIC RELATIONS 1025632 OFFICERS & DIRECTORS 695315 AWARDS 660212 202158 19661079 -2 36586573 36150324 2586296 3057314 355491 893474 8118643 4206036 4305810 3912607 68947517 67203447 959989112 804805264 1072770797 916022430 6410192 7020550 6566093 4300481 12976285 11321031 X 1059794512 904701399 1059794512 904701399 1072770797 916022430 X 7837094 -162930207 X X 0 1 X 1 0 1 0 0 7480266 3592790 3887476 638377 613246 25131 3912607 INVESTMENT IN SUBSIDIARIES AND AFFILIATES 804805264 804805264 POST RETIREMENT BENEFITS PAYABLE 4300481 4300481 X PART X, LINE 2: INCOME TAXES TEXAS FARM BUREAU AND ITS RELATED NONPROFIT CORPORATIONS DERIVE REVENUE FROM MEMBERSHIP DUES AND OTHER ACTIVITIES AND IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(5). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COMPANY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. INCOME TAXES FOR CORPORATE FOR-PROFIT SUBSIDIARIES ARE ACCOUNTED FOR UNDER THE ASSET AND LIABILITY METHOD. 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 AND OPERATING LOSS AND TAX CREDIT CARRYFORWARDS. 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 IN INCOME IN THE PERIOD THAT INCLUDES THE ENACTMENT DATE. THE COMPANY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE COMPANY RECORDS INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS AND PENALTIES IN GENERAL AND ADMINISTRATIVE EXPENSES. X 1 1 X X X X 0 1 0 SI COOK EXECUTIVE DIRECTOR 365394 548091 77773 116660 0 0 92575 138862 10860 0 546602 803613 0 0 CHRIS DAUGHTERY CFO 246703 370054 50676 76014 0 0 49287 73930 13785 0 360451 519998 0 0 LINDLEY ELLIOTT INVESTMENT MANAGER 28306 325523 5916 68034 0 0 3241 37266 13783 0 51246 430823 0 0 REGAN BECK DIRECTOR OF GOVERNMENT AFF 294311 32701 61771 6863 0 0 66899 7433 10860 0 433841 46997 0 0 CHARLES BENTON DIRECTOR OF FIELD OPERATIO 293500 0 62293 0 0 0 67505 0 4379 0 427677 0 0 0 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 86774 202472 18111 42259 0 0 12864 30018 13783 0 131532 274749 0 0 WHIT WEEMS DIRECTOR OF ORGANIZATION 25652 230871 5359 48233 0 0 5643 50791 13782 0 50436 329895 0 0 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 23901 274857 1477 16984 201 2311 4302 49474 4379 0 34260 343626 0 0 STEPHANIE MCMULLEN CORPORATE SECRETARY 122849 122849 25674 25674 241 241 28255 28255 13782 0 190801 177019 0 0 GARY JOINER DIRECTOR OF COMMUNICATIONS 244511 0 51839 0 0 0 48902 0 10860 0 356112 0 0 0 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 171989 73710 36296 15556 0 0 39558 16953 0 0 247843 106219 0 0 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 255903 0 15004 0 0 0 46063 0 13782 0 330752 0 0 0 MATTHEW MARTIN CONTROLLER 97804 146706 5864 8795 0 0 17605 26407 10860 0 132133 181908 0 0 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 188957 0 11484 0 0 0 22675 0 13782 0 236898 0 0 0 SCOTT ESKEW DIRECTOR OF FLEET 180546 0 10942 0 0 0 21419 0 13783 0 226690 0 0 0 JANICE NECKAR ACCOUNTING MANAGER 189848 0 11536 0 0 0 22782 0 0 0 224166 0 0 0 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 174556 0 10594 0 0 0 20947 0 13782 0 219879 0 0 0 RICHARD WITT COUNTY AUDIT MANAGER 34912 104736 2151 6453 282 845 4888 14663 13782 0 56015 126697 0 0 PATRICK EHLERS CRKP MANAGER 141819 0 8731 0 1271 0 25527 0 4379 0 181727 0 0 0 LAURA WIGLEY PAYROLL MANAGER 10816 124389 672 7731 0 0 1947 22390 10860 0 24295 154510 0 0 BRYCE MOORE ASSOCIATE DIRECTOR OF FIEL 129215 0 9924 0 0 0 23259 0 13785 0 176183 0 0 0 CAREY MARTIN ASSOCIATE DIRECTOR OF RADIO 122433 0 7413 0 0 0 14692 0 13782 0 158320 0 0 0 KENNETH DIERSCHKE FORMER PRESIDENT 0 32273 0 0 0 0 0 0 0 0 0 32273 0 0 SCOTT FRAZIER FORMER DIRECTOR 0 15312 0 0 0 0 0 0 0 0 0 15312 0 0 JESSICA RICHMOND FORMER DIRECTOR 0 15000 0 0 0 0 0 0 0 0 0 15000 0 0 ZACHARY YANTA FORMER DIRECTOR 0 14645 0 0 0 0 0 0 0 0 0 14645 0 0 LARRY W JOINER FORMER DIRECTOR 0 13979 0 0 0 0 0 0 0 0 0 13979 0 0 MARK CHAMBLEE FORMER DIRECTOR 0 13979 0 0 0 0 0 0 0 0 0 13979 0 0 NEIL WALTER FORMER DIRECTOR 0 13312 0 0 0 0 0 0 0 0 0 13312 0 0 RONNIE MUENNINK FORMER DIRECTOR 0 13312 0 0 0 0 0 0 0 0 0 13312 0 0 BOB REED FORMER DIRECTOR 0 12645 0 0 0 0 0 0 0 0 0 12645 0 0 MICHAEL WHITE FORMER DIRECTOR 0 12645 0 0 0 0 0 0 0 0 0 12645 0 0 ROBERT GORDON FORMER DIRECTOR 0 12645 0 0 0 0 0 0 0 0 0 12645 0 0 BOB STALLMAN FORMER PRESIDENT 0 12250 0 0 0 0 0 0 0 0 0 12250 0 0 VAL STEPHENS FORMER DIRECTOR 0 45794 0 0 0 0 0 -38360 0 0 0 7434 0 0 BEN WIBLE FORMER DIRECTOR 0 32225 0 0 0 0 0 -26507 0 0 0 5718 0 0 DAN SMITH FORMER DIRECTOR 19080 39300 0 0 0 0 -25786 -35438 0 0 -6706 3862 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS OVER 530,000 MEMBER FAMILIES. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD REPRESENTATION IS DIVIDED BY DISTRICTS AND MEMBERS FROM EACH DISTRICT ELECT THEIR REPRESENTATIVES TO THE GOVERNING BODY(THE BOARD) FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE ORGANIZATION'S BY-LAWS REQUIRE A TWO/THIRDS MAJORITY OF MEMBERS WHO ARE PRESENT AT THE ANNUAL CONVENTION AS VOTING DELEGATES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PREPARED BY AN OUTSIDE CPA FIRM, IS REVIEWED BY THE CFO BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C COUNSEL FOR THE ORGANIZATION REVIEWS THE WRITTEN CONFLICT OF INTEREST POLICY WITH THE OFFICERS, DIRECTORS AND KEY EMPLOYEES BEFORE THE POLICY IS SIGNED AND CONFLICTS DISCLOSED. COUNSEL FOLLOWS UP ON ANY CONFLICTS AND TAKES APPROPRIATE ACTION TO RESOLVE THE CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE SALARY CONSULTING FIRM HAS DETERMINED GRADES FOR EVERY POSITION IN THE ORGANIZATION AND THE BOARD OF DIRECTORS HAS APPROVED EACH GRADE. EACH YEAR, THE HUMAN RESOURCES DIRECTOR CONTACTS THE INDEPENDENT OUTSIDE FIRM FOR RECOMMENDED SALARY INCREASE. THE PERSONNEL DIRECTOR AND CFO THEN MEETS WITH THE COMPENSATION COMMITTEE(THE BOARD OFFICERS OF THE ORGANIZATION PLUS ONE MORE DIRECTOR) AND RELAYS THE RECOMMENDED SALARY INCREASES. THE COMPENSATION COMMITTEE ALSO REVIEWS EACH GRADE LEVEL IN THE ORGANIZATION. THE COMPENSATION COMMITTEE THEN RECOMMENDS TO THE ENTIRE BOARD OF DIRECTORS THE AMOUNT OF THE SALARY INCREASES, AND AFTER THE BOARD APPROVES THE AMOUNT, THE CFO AND HUMAN RESOURCES DIRECTOR IMPLEMENTS THE RECOMMENDATION. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS INCLUDED IN THE SALARY ADMINISTRATION PLAN, SO HIS GRADE LEVEL HAS BEEN DETERMINED BY THE INDEPENDENT SALARY CONSULTING FIRM AS WELL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE STATEMENTS AVAILABLE TO THE PUBLIC BY DESIGNATING THE CFO AS THE CONTACT PERSON FOR ALL REQUESTS. THE CFO HAS ACCESS TO ALL DOCUMENTS AND UNDERSTANDS THE IRS PROCEDURES FOR MAKING THE DOCUMENTS AVAILABLE. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARIES -98,229,881. UNREALIZED GAINS/LOSSES -9,984,226. POST-RETIREMENT BENEFITS EXPENSE -295,766. FEDERAL INCOME TAX/BENEFIT -17,746. ROUNDING -1. OTHER COMPREHENSIVE(INCOME)LOSS -54,219,482. NET PERIOD BENEFIT COST-OPEB -183,105. FORM 990, PART XII, LINE 2C:PROCESS FOR OVERSIGHT AND SELECTION OF IND AUDI 6.NO CHANGE WAS MADE IN THE PROCESS OF OVERSIGHT AND SELECTION IN 2022. FORM 990, PART VIII, LINE 5, ROYALTY INCOME ROYALTIES CONSIST OF $2,722,920 FROM SFB LIFE INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU OWNS 10% OF THE STOCK; $7,560,864 FROM TFB CASUALTY COMPANY, A CONTROLLED SUBSIDIARY OF TEXAS FARM BUREAU; AND $6,730,595 FROM TFB MUTUAL INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU DOES NOT OWN ANY OF THE STOCK, BUT SHARES THE SAME BOARD OF DIRECTORS AS TFB MUTUAL INSURANCE COMPANY. TEXAS FARM BUREAU AGRICULTURE RESEARCH AND EDUCATION FOUNDATION P O BOX 2689 WACO TX 76702 742588060 AG RESEARCH TX 501(C)3 LINE 7 TEXAS FARM BUREAU 0 TEXAS FARM BUREAU FRIENDS OF AGRICULTURE FUND P O BOX 2689 WACO TX 76702 742462207 LOBBYING TX 527 TEXAS FARM BUREAU 0 TEXAS FARM BUREAU BUSINESS CORP P O BOX 2689 WACO TX 76702 741555144 RENTALS TX TEXAS FARM BUREAU C 1874097 70943710 1.00000 0 TEXAS FARM BUREAU MANAGEMENT CORP P O BOX 2689 WACO TX 76702 741502317 MANAGEMENT CONTRACT TX TEXAS FARM BUREAU C 1000 1.00000 0 TEXAS FARM BUREAU INVESTMENT CORP P O BOX 2689 WACO TX 76702 746052378 INVESTMENTS TX TEXAS FARM BUREAU C 2079569 776345067 1.00000 0 TEXAS FARM BUREAU MEMBER SERVICES P O BOX 2689 WACO TX 76702 742876682 SERVICES TX TEXAS FARM BUREAU C 43790 4979201 1.00000 0 TEXAS FARM BUREAU FLEET SALES P O BOX 2689 WACO TX 76702 742712104 USED VEHICLE SALES TX TFB BUSINESS CORP C 237022 5820261 1.00000 0 TEXAS FARM BUREAU AGRICULTURAL SERVICE CO P O BOX 2689 WACO TX 76702 741508700 SERVICES TX TFB BUSINESS CORP C 81 70930 1.00000 0 TEXAS FARM BUREAU RURAL HEALTH ASSOC P O BOX 2689 WACO TX 76702 742250199 SALES TX N/A C 2878 1221205 0 TEXAS FARM BUREAU CASUALTY INS CO P O BOX 2689 WACO TX 76702 260394642 INSURANCE TX TFB INVESTMENT CO C -131278 1531630 1.00000 0 TEXAS FARM BUREAU HEALTH PLANS INC P O BOX 2689 WACO TX 76702 881229789 HEALTH PLANS TX TEXAS FARM BUREAU C -219661 83244 1.00000 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 TEXAS FARM BUREAU CASUALTY INSURANCE COMPANY A 7560864 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION K -150905 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION M 4580239 FINANCIAL STATEMENTS