2024-11-14T16:52:50-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 101 SOUTH 5TH STREET STE 2100 LOUISVILLE KY 40202 990 2023-01-01 202034596 KENTUCKY FARM BUREAU HEALTH BENEFITS TRUST KENT 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 402203793 JENA STONE TREASURER, KYFB MUTUAL INS CO. 5024955000 2024-11-08 1 1 MELANIE MCPEAK P01346034 8885871719 2023 2024-10-15 13:58:12Z JENA STONE 9201 BUNSEN PARKWAY LOUISVILLE KY 402203793 5693745 0 X N/A X 2004 KY FUND RETIREE MEDICAL BENEFITS. 6 5 0 0 -3721172 178242 0 0 601738 796021 1369363 -317304 0 0 1971101 478717 0 0 2796074 3949426 0 31498 0 0 0 589886 683635 3385960 4664559 -1414859 -4185842 112930207 119057666 268022 198065 112662185 118859601 FUND RETIREE MEDICAL BENEFITS. 0 0 HEALTH CLAIMS PAID FOR RETIREE MEDICAL BENEFITS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 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 1 0 0 0 1 1 0 0 0 0 0 0 0 X 6 5 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X JENA STONE 5024955000 9201 BUNSEN PARKWAY LOUISVILLE KY 40220 JOHN SPARROW EXEC VICE PRESIDENT/CEO 0.10 0.00 X X 0 0 0 JENA STONE VP, ACCOUNTING/TREASURER 0.10 0.00 X X 0 0 0 NICKI WHITMIRE VP, HR AND SUPPORT SERVICES 0.10 0.00 X 0 0 0 ANGIE PHELPS-SELLS DIRECTOR, HUMAN RESOURCES 0.10 0.00 X 0 0 0 AMANDA ZORIO COMPENSATION AND BENEFITS MGR 0.10 0.00 X 0 0 0 BANK OF NEW YORK MELLON TRUSTEE 5.00 0.00 X 31498 0 0 31498 0 0 0 0 0 0 MACKAY SHIELDS 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105 INVESTMENT MANAGEMENT 182089 AON HEWITT INVESTMENTS 200 E RANDOLPH ST CHICAGO IL 60601 INVESTMENT CONSULTING 115000 2 PARTICIPANT CONTRIBUTIONS 525100 754922 754922 EMPLOYER CONTRIBUTIONS 525100 41099 41099 796021 3596889 193021 3403868 1300835 5215028 -3914193 -3914193 -3914193 478717 796021 -3721172 3403868 3949426 31498 24756 20980 347089 134815 CONTRACT ADMIN FEES 98056 TAXES (UBIT) 57939 4664559 1231193 110139789 118143820 1559225 913846 112930207 119057666 268022 198065 268022 198065 X 112662185 118859601 0 0 0 0 112662185 118859601 112930207 119057666 -4185842 10383258 0 X X 0 1 X 1 0 0 X 10861975 10383258 10383258 478717 0 478717 4664559 0 4664559 0 4664559 PART X, LINE 2: THE TRUST RECEIVED A FAVORABLE TAX DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") DATED FEBRUARY 2, 2007, THAT IT IS EXEMPT FROM TAX UNDER INTERNAL REVENUE CODE ("IRC") SECTION 501(A) BASED UPON ITS STATUS AS A VOLUNTARY EMPLOYEE BENEFICIARY ASSOCIATION UNDER IRC SECTION 501(C)(9). HOWEVER, AS A RESULT OF THE PLAN'S FUNDING POLICY, CERTAIN INVESTMENT INCOME FROM THE TRUST IS SUBJECT TO UNRELATED BUSINESS INCOME TAXES. FOR THE YEAR ENDED DECEMBER 31, 2023, THESE TAXES APPROXIMATED $58,000. IN ADDITION, THE PLAN AND THE TRUST ARE REQUIRED TO OPERATE IN CONFORMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR AND THE PLAN'S LEGAL COUNSEL BELIEVE THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVE THAT THE TRUST IS TAX-EXEMPT. U.S. GAAP REQUIRES PLAN MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE PLAN HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. FORM 990, PART VI, SECTION A, LINE 4 THE NUMBER OF MEMBERS ON THE BOARD OF DIRECTORS WAS CHANGED, AND NEW MEMBERS WERE ELECTED AS A RESULT. FORM 990, PART VI, SECTION B, LINE 11B THE VICE PRESIDENT OF ACCOUNTING AT KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY REVIEWS THE 990. A COPY OF THE 990 IS THEN REVIEWED AND APPROVED BOARD OF THE VEBA TRUST. THE 990 IS THEN SIGNED BY THE VICE PRESIDENT OF ACCOUNTING/TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THE TRUST REQUIRES THE BOARD OF DIRECTORS TO ANNUALLY DISCLOSE IN WRITING ANY CONFLICTS OF INTEREST AND ANY CONFLICTS NOTED WILL BE DISCUSSED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 990, PAGE 12, QUESTION 2C. THE BOARD IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT AS WELL AS THE OVERSIGHT OF THE AUDIT. KENTUCKY FARM BUREAU INSURANCE FOUNDATION 9201 BUNSEN PKWY LOUISVILLE KY 402203792 843660741 CHARITABLE GIVING KY 501(C)(3) LINE 7 KENTUCKY FARM BUREAU MUTUAL INSURANCE COMPANY 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0