2024-11-11T14:00:57-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2023-01-01 616035765 KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC KENT 5024955000 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 DREW GRAHAM EXECUTIVE OFFICER 5024955000 2024-11-05 1 1 MELANIE MCPEAK P01346034 8885871719 2023 2024-10-15 13:58:12Z DREW GRAHAM 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 234884 0 X WWW.KYFB.COM X 1965 KY PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS. 26 26 0 26 0 0 1165021 148050 0 0 1437 3590 39062 51391 1205520 203031 1955608 191500 0 0 0 0 0 0 0 5858 7465 1961466 198965 -755946 4066 422797 458837 55651 85000 367146 373837 X PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS. 0 1 188245 187000 EDUCATIONAL SCHOLARSHIPS AND AWARDS WERE GRANTED DURING 2023 TO APPROXIMATELY 120 APPROVED RECIPIENTS. 4500 4500 MINI GRANTS OF UP TO $500 EACH FOR AGRICULTURAL EXPERIENCE TOURS AND INFORMATION PROGRAMS FOR ELEMENTARY AND SECONDARY SCHOOL STUDENTS. THERE WERE PAYMENTS TO 9 COUNTY FARM BUREAUS IN 2023. 192745 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 26 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 KY X PHILIP DOWDLE 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 402500700 ALEX BARNETT DIRECTOR 0.50 1.50 X 0 6550 5852 CLOYCE WARREN HINKLE DIRECTOR 0.50 1.50 X 0 5050 6926 DAVID MCGLONE DIRECTOR 0.50 1.50 X 0 7750 0 EDDIE MELTON FIRST VICE PRESIDENT 1.00 17.00 X X 0 124980 30439 GLENN HOWELL DIRECTOR 0.50 1.50 X 0 11750 0 J SCOTT DAVIS DIRECTOR 0.50 1.50 X 0 0 26520 JOE PAUL MATTINGLY DIRECTOR 0.50 1.50 X 0 0 28016 LARRY CLARK DIRECTOR 0.50 1.50 X 0 16850 0 LARRY THOMAS DIRECTOR 0.50 1.50 X 0 0 29325 MARK HANEY PRESIDENT 1.00 19.00 X X 0 143515 21552 MARK KINSEY DIRECTOR 0.50 1.50 X 0 8550 0 MARSHALL COYLE PAST PRESIDENT UNTIL 12/2 0.50 1.50 X 0 5150 8414 MARY KATE KORDES DIRECTOR 0.50 1.50 X 0 21247 0 MITCHEL LOGSDON DIRECTOR 0.50 1.50 X 0 28447 0 PJ MILBURN DIRECTOR 0.50 1.50 X 0 18447 0 RAY ALLAN MACKEY DIRECTOR 0.50 1.50 X 0 21447 0 SCOTT BARNES DIRECTOR 0.50 1.50 X 0 18447 0 SHANE WISEMAN DIRECTOR 1.00 17.00 X 0 26125 15147 SHARON FURCHES SECOND VICE PRESIDENT 1.00 17.00 X X 0 100015 0 STEWART HUGHES DIRECTOR 0.50 1.50 X 0 21447 0 TAMMY WHITE DIRECTOR 0.50 1.50 X 0 16547 0 TERRY LAWSON DIRECTOR 0.50 1.50 X 0 8950 0 TIM GOODLETT DIRECTOR 0.50 1.50 X 0 26847 0 TODD BROCK DIRECTOR 0.50 1.50 X 0 22247 0 TYLER FERGUSON DIRECTOR 0.50 1.50 X 0 22597 0 VICTOR REXROAT DIRECTOR 0.50 1.50 X 0 24647 0 ZACH ISON DIRECTOR 0.50 1.50 X 0 20447 0 DAVID TAYLOR DIRECTOR BEGINNING 12/2 0.50 1.50 X 0 600 0 DREW GRAHAM EXECUTIVE OFFICER 1.00 37.50 X 0 471655 42384 0 1200304 214575 0 0 1 0 0 148050 148050 3590 3590 83244 31853 51391 51391 203031 0 0 54981 4500 4500 187000 187000 5945 5945 MISCELLANEOUS 1520 1245 275 198965 192745 6220 0 14648 46973 374155 374370 33994 37494 422797 458837 55651 85000 55651 85000 X 367146 373837 367146 373837 422797 458837 X 4066 2625 X 0 1 X 1 0 X 188172 174641 951473 1165021 148050 2627357 188172 174641 951473 1165021 148050 2627357 222042 2405315 5072 7129 1805 1437 3590 19033 27341 38043 51391 116775 1020 1020 2764185 0.87020 0.88610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GOLF CLASSIC 83244 83244 13998 17855 83244 83244 13998 17855 31853 51391 1 SCHOLARSHIPS 120 187000 PART I, LINE 2: GRANT PAYMENTS ARE NORMALLY MADE DIRECTLY TO THE EDUCATIONAL INSTITUTIONS WHERE THE RECIPIENTS ARE REGISTERED. REFUNDS ARE RECEIVED IF THE STUDENT HAS CHANGED SCHOOLS AND NEW CHECKS ARE ISSUED TO THE NEW ENROLLMENT SCHOOL FOR THE STUDENT. UNDER CERTAIN CIRCUMSTANCES PAYMENTS ARE MADE TO THE INDIVIDUAL RECIPIENT WITH SUBMISSION OF PROPER DOCUMENTATION. WHEN AVAILABLE, VETERINARY INCENTIVE GRANTS ARE PAID DIRECTLY TO STUDENT LOAN ADMINISTRATORS FOR QUALIFYING RECIPIENTS THAT ARE BEGINNING PRACTICE IN LARGE ANIMAL VETERINARY MEDICINE AFTER GRADUATION. FARMERS THROUGHOUT KENTUCKY WHO WERE AFFECTED BY THE STORMS COULD GO TO THE RETAILERS AND RECEIVE UP TO $1,500 WORTH OF SUPPLIES THAT THE KENTUCKY FARM BUREAU EDUCATION FOUNDATION WOULD COVER. THE RETAILERS WOULD SEND RECEIPTS OF EACH FARMERS' PURCHASES AS WELL AS A SIGNED AFFIDAVIT AND WOULD BE REIMBURSED. 0 0 0 0 0 0 0 0 0 DREW GRAHAM EXECUTIVE OFFICER 0 333861 0 129750 0 8044 0 27000 0 15384 0 514039 0 0 MARK HANEY PRESIDENT 0 142630 0 0 0 885 0 21552 0 0 0 165067 0 0 EDDIE MELTON FIRST VICE PRESIDENT 0 111505 0 0 0 13475 0 30439 0 0 0 155419 0 0 FORM 990, PART III, LINE 3 THE FUNDING WE COLLECTED FOR THE DISASTER RELIEF OPERATIONS WERE ALL DISPERSED IN 2022. WE DID NOT COLLECT ANY DISASTER RELIEF FUNDS DURING THE 2023 TAX YEAR. FORM 990, PART VI, SECTION A, LINE 6 ACTING VOTING MEMBERS: TO BE ELIGIBLE TO BE AN ACTING VOTING MEMBER A PERSON MUST BE A DULY ELECTED ACTING MEMBER OF THE BOARD OF DIRECTORS OF THE KENTUCKY FARM BUREAU FEDERATION. IF A PERSON CEASES TO BE A MEMBER OF THE BOARD OF DIRECTORS OF THE KENTUCKY FARM BUREAU FEDERATION, SUCH PERSON'S MEMBERSHIP IN THIS CORPORATION IS TERMINATED AT THE NEXT ANNUAL MEETING. NON VOTING MEMBERSHIP: NON VOTING ASSOCIATE MEMBERSHIPS & HONORARY MEMBERSHIPS MAY BE EXTENDED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A BOARD OF DIRECTORS ARE ELECTED BY ACTING VOTING MEMBERS AT EACH ANNUAL MEETING OF THE MEMBERS AND SHALL BE SELECTED FROM THE ELIGIBLE DISTRICT ELECTED DIRECTORS FROM EACH FEDERATION DISTRICT OF THE BOARD OF DIRECTORS OF KENTUCKY FARM BUREAU FEDERATION AND MAY ALSO INCLUDE THE IMMEDIATE PAST PRESIDENT WHEN SEATED BY THE VOTING DELEGATES. ALL VACANCIES IN THE BOARD SHALL BE FILLED BY THE REMAINING DIRECTORS. ANY DIRECTOR MAY BE REMOVED, WITH OR WITHOUT CAUSE, BY A MAJORITY VOTE OF THE MEMBERS CONSTITUTING A QUORUM AT ANY SPECIAL MEETING CALLED FOR THAT PURPOSE. THE BUSINESS AFFAIRS OF THE COMPANY SHALL BE MANAGED BY THE BOARD OF DIRECTORS, BUT MAY BE DELEGATED, SUBJECT TO STATE STATUTE RESTRICTIONS, TO AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, FIRST VICE PRESIDENT & SECOND VICE PRESIDENT OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE ASSISTANT TO THE EXECUTIVE OFFICER AND DIRECTOR OF FINANCE & ACCOUNTING PRIOR TO FILING AND IS AVAILABLE TO THE MEMBERS OF THE BOARD OF DIRECTORS UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS, IF ANY, ARE REVIEWED BY THE EXECUTIVE VICE PRESIDENT & THE AUDIT COMMITTEE APPOINTED BY THE DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE OFFICER'S ANNUAL COMPENSATION WHICH IS PAID BY A RELATED PARENT COMPANY IS DETERMINED BY THE BOARD OF DIRECTORS OF THAT COMPANY WHILE MEETING IN EXECUTIVE SESSION BASED ON THEIR DELIBERATION AND KNOWLEDGE OF THE VALUE TO THE ORGANIZATION AND COMPARABLE BUSINESSES. HE RECEIVES NO COMPENSATION FROM THE EDUCATION FOUNDATION. COMPENSATION FOR OTHER OFFICERS AND DIRECTORS SERVICES ARE PAID BY A RELATED PARENT OR SISTER COMPANY AND DETERMINED BY ITS DIRECTORS IN ACCORDANCE WITH THE BY-LAWS OF THE RELATED PARENT & SISTER COMPANIES. SERVICES FOR THE EDUCATION FOUNDATION ARE PERFORMED BY VOLUNTEERS WITHOUT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ONLY THE REQUIRED PUBLIC DISCLOSURE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC, UPON REQUEST. CONFIDENTIAL DOCUMENTS ARE NOT PROVIDED. FORM 990, PART XI, LINE 9: RETURNED SCHOLARSHIP PAYMENTS 2,625. KENTUCKY FARM BUREAU FEDERATION 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 610443949 MEMBERSHIP ORGANIZATION KY 501(C)(5) 0 KENTUCKY FARM BUREAU DEVELOPMENT CORPORATION 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 610596348 GROUP PURCH KY N/A C 0 KENTUCKY FARM BUREAU INVESTMENT CORPORATION 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 616025555 INVESTMENT KY N/A C 0 KENTUCKY FARM BUREAU MANAGEMENT CORPORATION 9201 BUNSEN PARKWAY PO BOX 20700 LOUISVILLE KY 402500700 203459607 MANAGEMENT SERVICE KY N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0