2024-08-26T14:15:57-05:00 2023-10-31 710355269 LANDMARK PLC CPAS 200 W CAPITOL AVE SUITE 1700 LITTLE ROCK AR 72201 990 2022-11-01 710242776 ARKANSAS FARM BUREAU FEDERATION ARKA 5012244400 PO BOX 31 LITTLE ROCK AR 72203 LEIGH PRUSS VP OF FINANCE 5012244400 2024-08-23 1 1 SHERRY CHESSER CPA P00174819 5013752025 2022 2024-08-08 14:25:15Z LEIGH PRUSS PO BOX 31 LITTLE ROCK AR 72203 19205076 0 X WWW.ARFB.COM X 1931 AR FARM BUREAU IS AN INDEPENDENT, VOLUNTARY ORGANIZATION OF FARM AND RANCH FAMILIES UNITED FOR THE PURPOSE OF ANALYZING THEIR PROBLEMS AND FORMULATING ACTION TO ACHIEVE EDUCATIONAL IMPROVEMENT, ECONOMIC OPPORTUNITY, SOCIAL ADVANCEMENT AND PROMOTE THE NATIONAL WELL-BEING. FARM BUREAU IS NONPARTISON, NONSECTARIAN, NONGOVERNMENTAL AND NONSECRET IN CHARACTER. FARM BUREAU STRIVES TO BE THE VOICE OF AGRICULTURAL PRODUCERS AT ALL LEVELS.THE MISSION OF FARM BUREAU IS TO:1. ADVOCATE THE INTERESTS OF AGRICULTURE IN THE PUBLIC ARENA;2. DISSEMINATE INFORMATION CONCERNING THE VALUE AND IMPORTANCE OF AGRICULTURE; AND3. PROVIDE PRODUCTS AND SERVICES WHICH IMPROVE THE QUALITY OF LIVES OF OUR MEMBERS. 16 0 65 293 267111 149984 58145 59624 3006819 3024336 3347625 4073062 8327749 9138427 14740338 16295449 214300 436946 0 0 1558494 5361691 0 0 0 6503496 6879888 8276290 12678525 6464048 3616924 64804315 67671791 10806789 9617217 53997526 58054574 X FARM BUREAU IS AN INDEPENDENT, VOLUNTARY ORGANIZATION OF FARM AND RANCH FAMILIES UNITED FOR THE PURPOSE OF ANALYZING THEIR PROBLEMS AND FORMULATING ACTION TO ACHIEVE EDUCATIONAL IMPROVEMENT, ECONOMIC OPPORTUNITY, SOCIAL ADVANCEMENT AND PROMOTE THE NATIONAL WELL-BEING. FARM BUREAU IS NONPARTISON, NONSECTARIAN, NONGOVERNMENTAL AND NONSECRET IN CHARACTER. FARM BUREAU STRIVES TO BE THE VOICE OF AGRICULTURAL PRODUCERS AT ALL LEVELS.THE MISSION OF FARM BUREAU IS TO:1. ADVOCATE THE INTERESTS OF AGRICULTURE IN THE PUBLIC ARENA;2. DISSEMINATE INFORMATION CONCERNING THE VALUE AND IMPORTANCE OF AGRICULTURE; AND3. PROVIDE PRODUCTS AND SERVICES WHICH IMPROVE THE QUALITY OF LIVES OF OUR MEMBERS. 0 0 SAME AS MISSION STATED ABOVE. 0 0 0 1 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 34 0 1 65 1 1 1 0 0 0 0 0 0 0 X 16 0 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X LEIGH PRUSS 5012244400 PO BOX 31 LITTLE ROCK AR 72203 RICH HILLMAN PRESIDENT 25.00 5.00 X X 54500 0 0 MIKE FREEZE VICE PRESIDENT 20.00 5.00 X X 19500 0 0 DAN WRIGHT SECRETARY/TREASURER 10.00 3.00 X X 24850 0 0 JON CARROLL DIRECTOR 5.00 1.00 X 12850 0 0 JOE CHRISTIAN DIRECTOR 5.00 1.00 X 11600 0 0 TERRY DABBS DIRECTOR 5.00 1.00 X 17100 0 0 JACK EVANS DIRECTOR 5.00 1.00 X 12300 0 0 SHERRY FELTS DIRECTOR 5.00 1.00 X 9600 0 0 CHASE GROVES DIRECTOR 5.00 1.00 X 14550 0 0 JASON HENSON DIRECTOR 5.00 1.00 X 10800 0 0 BOB SHOFNER DIRECTOR 5.00 1.00 X 8700 0 0 TERRY LASTER DIRECTOR 5.00 1.00 X 8550 0 0 CALEB PLYLER DIRECTOR 5.00 1.00 X 12250 0 0 MEGAN ALLEN DIRECTOR 5.00 1.00 X 8450 0 0 TOM JONES DIRECTOR 5.00 1.00 X 12900 0 0 JOE THRASH DIRECTOR 5.00 1.00 X 12600 0 0 GENE PHARR DIRECTOR 5.00 1.00 X 2100 0 0 RUSTY SMITH DIRECTOR 5.00 1.00 X 12850 0 0 KERRIGAN STILES WOMEN'S COMMITTEE VICE CHA 5.00 0.50 X 8700 0 0 MONICA PASKEWITZ YF&R VICE CHAIR 5.00 0.50 X 6600 0 0 REED STOREY YF&R VICE CHAIR 5.00 0.50 X 4500 0 0 STEVE EDDINGTON VP, PUBLIC RELATIONS 40.00 X 175617 0 19502 MIKE SOLOMON VP, FINANCE & OPERATIONS 40.00 X 177738 0 -17743 STANLEY HILL VP, PUBLIC POLICY 40.00 X 160114 0 100121 EVAN TEAGUE VP, COMMODITY & REGULATORY 40.00 X 188983 0 173 JUSTIN REYNOLDS VP, ORG, & MEMBER PROGRAMS 40.00 X 146017 0 80935 LEIGH PRUSS DIRECTOR OF FINANCE 40.00 X 105911 0 30574 DON MICKEL DIRECTOR, IT/SYSTEMS ENGIN 40.00 X 186795 0 91337 JOHN BAILEY DIRECTOR, COMMODITY & REGU 40.00 X 133561 0 39003 JEREMY WESSON DIRECTOR, ORG. & MEMBER PR 40.00 X 113818 0 58003 ROB ANDERSON DIRECTOR, PUBLICY POLICY & COMMODITY 40.00 X 119621 0 50508 JARROD YATES EXECUTIVE VICE PRESIDENT (INCOMING) 40.00 X 134598 0 46435 BRANDY CARROLL DIRECTOR, COMMODITY & MARKET 40.00 X 109194 0 -45183 JEFF PITCHFORD PUBLIC AFFAIRS & GOV RELAT 40.00 X 169707 0 80895 MATT KING PUBLIC AFFAIRS & GOV RELAT 40.00 X 178072 0 78612 WARREN CARTER EXECUTIVE VICE PRESIDENT (OUTGOING) 40.00 X 194957 0 128883 2580553 0 742055 15 0 1 0 LANDMARK PLC 200 W CAPITOL AVE STE 1700 LITTLE ROCK AR 72201 AUDIT & TAX 132795 1 59624 59624 MEMBERSHIP DUES 900099 3024336 3024336 3024336 3425472 35118 3390354 8595309 65789 8529520 80088 64738 15350 15350 15350 2488704 1003775 2434820 410069 53884 593706 647590 38016 609574 MISCELLANEOUS INCOME 812900 370530 370530 FB BANK SERVICE FEES 900004 112838 112838 COUNTY RECORDS FEE 641200 44400 44400 527768 16295449 3024336 267111 12944378 436946 2346596 2879798 -646644 418706 363235 43611 132795 110318 22352 1050055 441621 318787 599220 590375 988494 19598 1218851 347092 FEDERAL INCOME TAXES 22509 BOARD EXPENSES 672710 MEALS & ENTERTAINMENT 190003 DUES & SUBSCRIPTIONS 64316 47181 12678525 6100 6100 5737559 7724684 772275 1086806 2435893 2160775 26923 28829 466900 356862 12363916 9149170 2764953 3214746 44284751 44103734 8307671 8190165 1290 799090 64804315 67671791 1051824 1001966 2119201 2131920 7635764 6483331 10806789 9617217 X 53497956 57521221 499570 533353 53997526 58054574 64804315 67671791 X 3616924 557630 -117506 X 0 1 X 1 0 1 0 0 42227745 1700000 1923831 1005681 44845895 45830749 1530000 -4189551 943453 42227745 40495107 1200000 4439112 303470 45830749 36016360 3000000 2521535 1042788 40495107 31646306 2600000 3301619 1531565 36016360 1.00000 0.00000 0.00000 0 0 12363916 9149170 3214746 3214746 STOCK - AR CASUALTY INVEST CORP 3420802 C STOCK - FARM BUREAU BUILDING, INC. 2677343 C STOCK - FB BANK CORP 1450000 C STOCK - AR INVESTMENT CORP 642020 C 8190165 POSTRETIREMENT BENEFIT OBLIGATION 4470910 ACCRUED PENSION LIABILITY 1217714 ACCRUED FEDERAL INCOME TAXES 13453 FINANCE LEASE LIABILITY 781254 6483331 X 16689993 557630 -52768 504862 16185131 110318 110318 16295449 12632945 64738 64738 12568207 110318 110318 12678525 PART X, LINE 2: THE FEDERATION FILES SEPARATE FEDERAL AND STATE TAX RETURNS FOR EACH OF ITS CONSOLIDATED SUBSIDIARIES. ARFB IS GENERALLY EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE BUT IS REQUIRED TO PAY TAXES ON NET TAXABLE UNRELATED BUSINESS INCOME. SOME OF THE FEDERATION'S FOR-PROFIT SUBSIDIARIES RECOGNIZE DEFERRED TAX ASSETS AND LIABILITIES BASED ON DIFFERENCES BETWEEN FINANCIAL REPORTING AND TAX BASES OF ASSETS AND LIABILITIES. THESE DIFFERENCES ARE MEASURED USING THE ENACTED TAX RATES AND LAWS THAT ARE EXPECTED TO BE IN EFFECT WHEN THE DIFFERENCES ARE EXPECTED TO REVERSE. A DEFERRED TAX ASSET IS REDUCED BY A VALUATION ALLOWANCE IF, BASED ON THE WEIGHT OF AVAILABLE EVIDENCE, IT IS MORE LIKELY THAN NOT THAT A PORTION OR ALL OF THE DEFERRED TAX ASSET WILL NOT BE REALIZED. THERE WERE NO VALUATION ALLOWANCES AT OCTOBER 31, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 64,738. INCOME FROM SUBSIDIARIES -117,506. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 64,738. 0 ARKANSAS YOUTH EXPO 14845 WALKER ROAD PRAIRIE GROVE AR 72753 843440574 501(C)(3) 10000 0 OPERATING SUPPORT ARKANSAS FARM BUREAU FOUNDATION PO BOX 31 LITTLE ROCK AR 72203 814517307 501(C)(3) 384637 0 OPERATING SUPPORT US CAPITOL HISTORICAL SOCIETY 1110 TRINITY DRIVE ALEXANDRIA VA 22314 520796820 501(C)(3) 7500 0 HON. STEVE WOMACK PORTRAIT FUND ARKANSAS LIVESTOCK SHOW ASSOC 2600 HOWARD LITTLE ROCK AR 72206 710236776 501(C)(3) 22850 0 JUNIOR LIVESTOCK AUCTION 4 0 X 0 1 X X X 0 0 0 STEVE EDDINGTON VP, PUBLIC RELATIONS 170254 0 0 0 5363 0 2209 0 17293 0 195119 0 0 0 MIKE SOLOMON VP, FINANCE & OPERATIONS 172277 0 0 0 5461 0 -31459 0 13716 0 159995 0 0 0 STANLEY HILL VP, PUBLIC POLICY 155383 0 0 0 4731 0 88997 0 11124 0 260235 0 0 0 EVAN TEAGUE VP, COMMODITY & REGULATORY 185197 0 0 0 3786 0 -6897 0 7070 0 189156 0 0 0 JUSTIN REYNOLDS VP, ORG, & MEMBER PROGRAMS 142683 0 0 0 3334 0 63127 0 17808 0 226952 0 0 0 DON MICKEL DIRECTOR, IT/SYSTEMS ENGIN 182620 0 0 0 4175 0 77621 0 13716 0 278132 0 0 0 JOHN BAILEY DIRECTOR, COMMODITY & REGU 131613 0 0 0 1948 0 30519 0 8484 0 172564 0 0 0 JEREMY WESSON DIRECTOR, ORG. & MEMBER PR 111613 0 0 0 2205 0 48655 0 9348 0 171821 0 0 0 ROB ANDERSON DIRECTOR, PUBLICY POLICY & COMMODITY 117015 0 0 0 2606 0 34184 0 16324 0 170129 0 0 0 JARROD YATES EXECUTIVE VICE PRESIDENT (INCOMING) 132006 0 0 0 2592 0 35311 0 11124 0 181033 0 0 0 JEFF PITCHFORD PUBLIC AFFAIRS & GOV RELAT 166396 0 0 0 3311 0 64571 0 16324 0 250602 0 0 0 MATT KING PUBLIC AFFAIRS & GOV RELAT 172138 0 0 0 5934 0 60804 0 17808 0 256684 0 0 0 WARREN CARTER EXECUTIVE VICE PRESIDENT (OUTGOING) 190914 0 0 0 4043 0 123168 0 5715 0 323840 0 0 0 PART I, LINE 1A COUNTRY CLUB DUES ARE PAID BY THE ORGANZIATION FOR THE MEMBERSHIP OF WARREN CARTER, EXECUTIVE VICE PRESIDENT. THESE DUES ARE NOT INCLUDED IN REPORTABLE COMPENSATION TO HIM AS THE PURPOSE OF THE MEMBERSHIP IS TO ALLOW HIM CLUB ACCESS TO FURTHER THE PURPOSES OF THE ORGANIZATION. PART I, LINE 1B WHILE THERE IS NOT A WRITTEN POLICY REGARDING THIS PAYMENT, IT WAS SPECIFICALLY APPROVED BY THE BOARD. SCHEDULE J AMOUNTS IN PART II, COLUMN C INCLUDE BOTH BENEFITS PAID DURING THE CURRENT YEAR AS WELL AS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF DEFINED BENEFIT PLANS. FORM 990, PART VI, SECTION A, LINE 6 THE VOTING DELEGATES FROM EACH FARM BUREAU DISTRICT SHALL NOMINATE CANDIDATES FOR THE BOARD OF DIRECTORS AT THE OFFICIAL NOMINATING CAUCUSES CALLED BY THE PRESIDENT. THE VOTING DELEGATES, BY MAJORITY VOTE OF A DULY CONSTITUTED QUORUM, SHALL ELECT THE BOARD OF DIRECTORS AS PROVIDED FOR HEREIN. THOSE PERSONS, TOGETHER WITH THE DULY ELECTED PRESIDENT AND VICE PRESIDENT ELECTED BY THE MEMBERS, WHO SHALL HAVE THE POWER TO VOTE, SHALL CONSTITUTE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY VOTING DELEGATES. FORM 990, PART VI, SECTION A, LINE 7B BYLAWS MAY BE ALTERED, AMENDED OR REPEALED AND NEW BYLAWS MAY BE ADOPTED BY THE VOTING DELEGATES AFTER PRESENTATION OF THE PROPOSED CHANGES BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING OF THE VOTING DELEGATES; PROVIDED, HOWEVER, THAT NOT LESS THAN THIRTY (30) DAYS NOTICE SHALL BE GIVEN TO EACH COUNTY FARM BUREAU HOLDING MEMBERSHIP IN THE FEDERATION BEFORE THE MEETING AT SUCH CHANGE IS PROPOSED TO BE VOTED ON AND SUCH NOTICE SHALL INCLUDE A COPY OF THE PROPOSED CHANGES, ANY AMENDMENT OR CHANGE MUST BE APPROVED BY TWO-THIRDS OF THE VOTING DELEGATES PRESENT AT THE REGULAR OR SPECIAL MEETING WHERE SUCH AMENDMENT OR CHANGE IS TO BE CONSIDERED AND WHERE A QUORUM IS PRESENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS FORWARDED TO THE AUDIT COMMITTEE AS WELL AS THE PRESIDENT, EXECUTIVE VICE PRESIDENT, AND VICE PRESIDENT, FINANCE AND OPERATIONS PRIOR TO FILING. THE VICE PRESIDENT, FINANCE AND OPERATIONS WILL REVIEW AND SIGN THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY WITH THE BOARD AND LEGAL COUNCEL AND SIGNED ANNUALLY BY THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE ENGAGES LONGNECKER & ASSOCIATES AND USES A SALARY ADMINISTRATION PLAN DESIGNED BY THEM. ALL SALARIES FALL WITHIN THE DESIGNATED RANGES OF THE PLAN, ARE APPROVED BY THE COMPENSATION COMMITTEE AND REFERRED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS FROM SUBSIDIARIES -117,506. ARKANSAS FARM BUREAU SCHOLARSHIP FOUNDATION PO BOX 31 LITTLE ROCK AR 72203 710888051 AWARDING SCHOLARSHIPS AR 501(C)(3) PF ARKANSAS FARM BUREAU FEDERATION 1 ARKANSAS FARM BUREAU FOUNDATION PO BOX 31 LITTLE ROCK AR 72203 814517307 SUPPORTING AGRICULTURAL EDUCATION AND RESEARCH AR 501(C)(3) LINE 7 ARKANSAS FARM BUREAU FEDERATION 1 FARM BUREAU BUILDING INC PO BOX 31 LITTLE ROCK AR 72203 716055307 RENTAL AR ARKANSAS FARM BUREAU FEDERATION C -83189 5489194 1.00000 1 ARKANSAS FARM BUREAU INVESTMENT CORPORATION PO BOX 31 LITTLE ROCK AR 72203 716050687 INVESTMENTS AR ARKANSAS FARM BUREAU FEDERATION C 642020 1631720 1.00000 1 ARKANSAS CASUALTY INVESTMENTS CORPORATION PO BOX 31 LITTLE ROCK AR 72203 716050686 INVESTMENTS AR ARKANSAS FARM BUREAU FEDERATION C 50270 3495436 1.00000 1 1 1 0 1 0 1 0 0 0 0 1 0 0 0 1 1 1 0 0 FARM BUREAU BUILDING INC Q 421501 ACTUAL FARM BUREAU BUILDING INC P 243119 ACTUAL FARM BUREAU BUILDING INC K 490027 ACTUAL ARKANSAS FARM BUREAU INVESTMENT CORPORATION F 1703924 ACTUAL FARM BUREAU BUILDING INC D 2160775 ACTUAL FARM BUREAU BUILDING INC A 80871 ACTUAL ARKANSAS FARM BUREAU FOUNDATION Q 189759 ACTUAL ARKANSAS FARM BUREAU FOUNDATION B 384637 ACTUAL ARKANSAS FARM BUREAU SCHOLARSHIP FOUNDATION Q 61000 ACTUAL