2025-06-12T12:16:39-05:00 2024-07-31 570381582 ELLIOTT DAVIS PLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-08-01 570473090 SOUTH CAROLINA FARM BUREAU FEDERATION SOUT 8039364243 POST OFFICE BOX 754 COLUMBIA SC 29202 ERIC SEYMOUR TAX OFFICER 8039364243 2025-06-06 1 1 JANICE A RATICA P00358837 7043338881 2025-06-06 2023 2025-03-06 01:10:19Z ERIC SEYMOUR POST OFFICE BOX 754 COLUMBIA SC 29202 18131910 0 X WWW.SCFB.ORG X 1944 SC TO PROMOTE AGRICULTURAL INTERESTS IN THE STATE OF SC AND OPTIMIZE THE LIVES OF THOSE INVOLVED IN AGRICULTURE. 58 58 42 450 4447133 0 0 0 1479122 2018853 1314125 1785963 5565929 6400281 8359176 10205097 95000 145055 0 0 2893169 2949482 0 0 0 4111039 4541687 7099208 7636224 1259968 2568873 52377488 58716516 4265164 3949819 48112324 54766697 X THE SC FARM BUREAU FEDERATION IS A STATEWIDE ORGANIZATION THAT BRINGS TOGETHER FARMERS, RANCHERS, ENTREPRENEURS, AGRIBUSINESS PROFESSIONALS AND FOOD ENTHUSIASTS TO STRENGTHEN THE FUTURE OF AGRICULTURE IN SOUTH CAROLINA. WE INFORM LAWMAKERS ABOUT THE IMPACT OF POLICIES, TRAIN YOUNG FARMERS, AND HELP EDUCATE TEACHERS AND STUDENTS ABOUT AGRICULTURE. THROUGH OUR COLLECTIVE EFFORTS, THE FEDERATION ADVANCES FAMILY FARMS, LOCALLY GROWN FOOD, AND RURAL SOUTH CAROLINA. 0 0 THE FEDERATION PROVIDES A VEHICLE FOR FARMERS TO WORK TOGETHER TO DEVELOP UNIFIED POLICIES TO FEATURE AGRICULTURAL ACHIEVEMENTS AND PROMOTE OPPORTUNITIES FOR OUR MEMBERS TO COME TOGETHER AND SHARE AGRICULTURAL EXPERIENCES, PROVIDE EDUCATIONAL CLASSES AND PROMOTE FELLOWSHIP AMONGST MEMBERS AND THEIR FAMILIES. YOUNG FARMERS & RANCHERS - PROVIDE SUPPORT FOR YOUNG FARMERS AND THEIR FAMILIES BY PROVIDING PROGRAMS AND ACTIVITIES FOR EDUCATION, LEADERSHIP DEVELOPMENT AND ADVOCACY. PROVIDE OPPORTUNITY FOR MEMBERS TO ENGAGE WITH LEGISLATORS ON A GRASSROOTS LEVEL AND ADVOCATE FOR POLICIES IN SUPPORT OF SOUTH CAROLINA AGRICULTURE. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 0 1 72 0 1 42 1 1 1 0 0 0 0 0 0 0 X 58 58 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 1 1 0 X ERIC SEYMOUR 8039364243 POST OFFICE BOX 754 COLUMBIA SC 29202 STEVE SQUIRES BOARD MEMBER 0.30 X 625 0 0 FRANK MCLEOD BOARD MEMBER 0.30 X 625 0 0 GEORGE BRYANT BOARD MEMBER 0.30 X 625 0 0 GUY RAMSEY IV BOARD MEMBER 0.30 X 625 0 0 AARON WOOD BOARD MEMBER 0.30 X 0 0 0 ALAN ULMER BOARD MEMBER 0.30 X 0 0 0 ALLEN OWENS BOARD MEMBER 0.30 X 0 0 0 BO NORRIS BOARD MEMBER 0.30 X 0 0 0 C B PLAYER III BOARD MEMBER 0.30 X 0 0 0 CLARK BURROWS BOARD MEMBER 0.30 X 0 0 0 CULLEN BRYANT BOARD MEMBER 0.30 X 0 0 0 DAVIS CALHOUN BOARD MEMBER 0.30 X 0 0 0 DEAN HUTTO BOARD MEMBER 0.30 X 0 0 0 SABIE CATHCART BOARD MEMBER 0.30 X 625 0 0 GARY YOUMANS BOARD MEMBER 0.30 X 0 0 0 HARRY DUPREE BOARD MEMBER 0.30 X 0 0 0 JOE ALVIN DERRICK BOARD MEMBER 0.30 X 0 0 0 JOSEPH C OSWALD III BOARD MEMBER 0.30 X 0 0 0 KEITH ULMER BOARD MEMBER 0.30 X 0 0 0 MARGO HUGGINS BOARD MEMBER 0.30 X 0 0 0 MARTY BOWERS BOARD MEMBER 0.30 X 0 0 0 MIKE SHIRER BOARD MEMBER 0.30 X 0 0 0 NEAL BAXLEY BOARD MEMBER 0.30 X 0 0 0 RICHARD FLOYD BOARD MEMBER 0.30 X 0 0 0 RODNEY QUATTLEBAUM BOARD MEMBER 0.30 X 0 0 0 RUSTY DARBY BOARD MEMBER 0.30 X 0 0 0 SCOTT CROXTON BOARD MEMBER 0.30 X 0 0 0 TED COLEMAN BOARD MEMBER 0.30 X 0 0 0 GREG JOHNSMAN BOARD MEMBER 0.30 X 0 0 0 JOEY LEMMONS BOARD MEMBER 0.30 X 625 0 0 HENRY HERNDON BOARD MEMBER 0.30 X 625 0 0 DALE WILSON BOARD MEMBER 0.30 X 625 0 0 ANDY WHITEN BOARD MEMBER 0.30 X 1375 0 0 CHARLES BRIGMAN BOARD MEMBER 0.30 X 1250 0 0 THOMAS DAILEY BOARD MEMBER 0.30 X 1250 0 0 WALTON CALHOUN BOARD MEMBER 0.30 X 1250 0 0 WENDELL BROCKMAN JR BOARD MEMBER 0.30 X 0 0 0 CHARLES WINGARD BOARD MEMBER 0.30 X 1185 0 0 JOHN FOGLE BOARD MEMBER 0.30 X 1250 0 0 WILLIAM KIRVEN IV BOARD MEMBER 0.30 X 0 0 0 TED WENTZKY BOARD MEMBER 0.30 X 1000 0 0 CECIL EADDY BOARD MEMBER 0.30 X 1000 0 0 CHRIS TALLEY BOARD MEMBER 0.30 X 1000 0 0 MARCUS GERALD BOARD MEMBER 0.30 X 1000 0 0 JIMMIE LEE SHAW BOARD MEMBER 0.30 X 750 0 0 MICHAEL GRIER BOARD MEMBER 0.30 X 1000 0 0 EDDY ELLISON BOARD MEMBER 0.30 X 750 0 0 PINCKNEY MURRAY BOARD MEMBER 0.30 X 750 0 0 MEGAN FLOYD BOARD MEMBER 0.30 X 875 0 0 HARRY OTT PRESIDENT 40.00 X X 247233 0 72480 RALEIGH WARD PEE DEE DISTRICT VP/SECRETARY 1.30 X X 1500 0 0 TIM DONALD PIEDMONT DISTRICT VP/TREASURER 1.30 X X 1750 0 0 TIMMY BENTON COASTAL DISTRICT 1ST VP 1.30 X X 1060 0 0 DONNIE WAKEFIELD CENTRAL DISTRICT VP 1.30 X X 935 0 0 ROBERT YODER JR CENTRAL DISTRICT VP 1.30 X X 1250 0 0 WESLEY ULMER COASTAL DISTRICT 2ND VP 1.30 X X 1185 0 0 KEITH ALLEN PEE DEE DISTRICT VP 1.30 X X 2000 0 0 DOUG STEWART PIEDMONT DISTRICT VP 1.30 X X 1125 0 0 ERIC SEYMOUR CHIEF FINANCIAL OFFICER 40.00 X 133583 0 46703 LARRY MCKENZIE DIVISION DIRECTOR 40.00 X 129928 0 7695 GARY SPIRES EXECUTIVE DIRECTOR 40.00 X 199783 0 107025 MICHAEL WRIGHT DIVISION DIRECTOR 40.00 X 166736 0 33010 THOMPSON SMITH DIRECTOR 40.00 X 126033 0 63752 RICHARD CALDWELL ASSOCIATE DIRECTOR 40.00 X 138639 0 5510 1173425 0 336175 7 0 1 0 0 MEMBERSHIP DUES 561499 2018853 2018853 2018853 981359 981359 469637 0 469637 469637 455637 14000 8731417 7926813 804604 804604 804604 SERVICE FEES 531390 3965396 3965396 RELATED PARTY DIVIDEND 531390 1900000 1900000 OTHER INCOME 531390 39148 39148 26100 26100 5930644 10205097 2058001 4447133 3699963 95000 50055 1495231 1342622 -96441 208070 385278 141637 116869 1503335 325520 513769 DUES AND SUBSCRIPTIONS 540633 BUILDING MANAGEMENT FEE 473549 PUBLICATION COSTS 290114 RENTAL FEES 135110 115873 7636224 1484022 1266674 1263491 895512 1210905 1663175 85481 158972 8382716 5653364 2909218 2729352 34016527 38667723 11407844 13335108 52377488 58716516 1184681 1202111 3080483 2747708 4265164 3949819 X 0 0 0 0 48112324 54766697 48112324 54766697 52377488 58716516 X 2568873 2854556 1230944 X X 0 1 X 1 0 628569 628569 6208589 4158286 2050303 519813 469333 50480 1025745 1025745 0 2729352 INVESTMENT IN INVESTMENT, LLC 4690114 INVESTMENT IN MARKETING ASSOCIATION 2899178 INVESTMENT IN FINANCIAL SERVICES 68592 ACCRUED INTEREST 186459 INVESTMENT IN MANAGEMENT, LLC -197168 INVESTMENT IN HOLDING COMPANY 2821944 INVESTMENTS IN RELATED PARTIES 1000000 ACCRUED PENSION BENEFIT 1396123 BOARD DESIGNATED ASSETS 469866 13335108 ACCRUED PENSION & POSTRETIREMENT BENEFIT COST 1533903 NOTE PAYABLE - AFFILIATE 1213805 2747708 X 12578823 2854556 2854556 9724267 480830 480830 10205097 7155394 0 7155394 480830 480830 7636224 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FEDERATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FEDERATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FEDERATION, AND HAS CONCLUDED THAT AS OF JULY 31, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. DEFERRED TAX ASSETS AND LIABILITIES ARE RECORDED FOR THE TAX EFFECTS OF CARRYFORWARD ITEMS AND TEMPORARY DIFFERENCES BETWEEN THE BOOK AND TAX BASIS OF ASSETS AND LIABILITIES AT CURRENTLY ENACTED TAX RATES FOR THESE SUBSIDIARIES SUBJECT TO INCOME TAX AS REQUIRED UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. MANAGEMENT ESTABLISHES VALUATION ALLOWANCES AGAINST DEFERRED TAX ASSETS IF IT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE ASSET WILL NOT BE REALIZED. PART XI, LINE 4B - OTHER ADJUSTMENTS: DUES REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 480,830. PART XII, LINE 4B - OTHER ADJUSTMENTS: DUES REPORTED NET WITH REVENUE ON FINANCIAL STATEMENTS 480,830. 1 SOUTH CAROLINA FARM BUREAU EDUCATIONAL FOUNDATION POST OFFICE BOX 754 COLUMBIA SC 29202 570866006 501(C)(3) 15000 0 EDUCATION SUPPORT SC AG-IN-THE-CLASSROOM FUND POST OFFICE BOX 754 COLUMBIA SC 29202 582304053 501(C)(3) 10000 0 EDUCATION SUPPORT SOUTH CAROLINA FARM BUREAU LAND TRUST INC 724 KNOX ABBOTT DRIVE CAYCE SC 29033 921376429 501(C)(3) 70000 0 AGRICULTURAL LAND CONSERVATION SUPPORT 3 0 AWARDS 14 50055 PART I, LINE 2: THE ORGANIZATION DISTRIBUTES FUNDS TO RELATED TAX-EXEMPT ORGANIZATIONS TO PROMOTE AND SUPPORT THE EDUCATIONAL PROGRAMS OF THE SOUTH CAROLINA FARM BUREAU. X X 1 1 X X X 0 0 0 HARRY OTT PRESIDENT 247233 0 0 0 0 0 60167 0 12313 0 319713 0 0 0 GARY SPIRES EXECUTIVE DIRECTOR 199783 0 0 0 0 0 84043 0 22982 0 306808 0 0 0 MICHAEL WRIGHT DIVISION DIRECTOR 166736 0 0 0 0 0 6843 0 26167 0 199746 0 0 0 THOMPSON SMITH DIRECTOR 126033 0 0 0 0 0 51439 0 12313 0 189785 0 0 0 ERIC SEYMOUR CHIEF FINANCIAL OFFICER 133583 0 0 0 0 0 35326 0 11377 0 180286 0 0 0 PART I, LINE 1A MEMBERSHIP DUES TO SOCIAL CLUB IS PROVIDED FOR THE PRESIDENT FOR BUSINESS PURPOSES ONLY AND EXPENSES ARE REVIEWED PURSUANT TO AN ACCOUNTABLE PLAN. RUSSELL OTT SON OF HARRY OTT, PRESIDENT OF THE ORGANIZATION 75000 RUSSELL OTT, SON OF HARRY OTT, PROVIDES CONSULTING SERVICES TO THE ORGANIZATION. ALL TRANSACTIONS ARE PROVIDED AT ARM'S LENGTH AND FAIR MARKET VALUE. 0 FORM 990, PART VI, SECTION A, LINE 1A AUTHORITY OF THE EXECUTIVE COMMITTEE: THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL THE POWERS OF THE SCFB BOARD OF DIRECTORS IN THE MANAGEMENT OVERSIGHT AND DIRECTION OF ALL AFFAIRS OF THE FEDERATION BETWEEN BOARD MEETINGS. THE COMMITTEE IS DELEGATED THE AUTHORITY TO ACT AS THE FULL BOARD WHEN EXERCISING THE POWERS AND AUTHORITY AND SHALL REPORT ALL ACTIONS TO THE BOARD OF DIRECTORS AT ITS NEXT REGULARLY SCHEDULED BOARD MEETING THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO REMOVE THE PRESIDENT. THE EXECUTIVE COMMITTEE MAY RECOMMEND A PERSON FOR THE POSITION OF PRESIDENT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR AND PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD ON AN ANNUAL BASIS. THE BOARD PERIODICALLY ENGAGES AN INDEPENDENT CONSULTANT TO ANALYZE THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND PRESIDENT TO ENSURE REASONABLENESS. IN ACCORDANCE WITH THE ANNUAL BUDGET APPROVED BY THE BOARD, THE PRESIDENT DETERMINES THE COMPENSATION FOR OTHER KEY EMPLOYEES AND MAKES FINAL DECISIONS ON ANNUAL CHANGES TO EMPLOYEE COMPENSATION. ALL DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE FEDERATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: EQUITY GAIN FROM SUBSIDIARIES 1,230,944. PART XII, LINE 2(C) PROCESS HAS NOT CHANGED. SC FARM BUREAU EDUCATIONAL FOUNDATION PO BOX 754 COLUMBIA SC 29202 570866006 PROVIDE SCHOLARSHIPS TO PERSONS PURSUING AGRICULTURE/RELATED FIELD DEGREE SC 501(C)(3) LINE 7 N/A 0 SC AG-IN-THE CLASSROOM FUND PO BOX 754 COLUMBIA SC 29202 582304053 TEACHER/STAFF DEVELOPMENT SC 501(C)(3) LINE 11 N/A 0 SCFB AGRICULTURAL AID FOUNDATION 724 KNOX ABBOTT DRIVE CAYCE SC 29033 831981383 FLOOD RELIEF TO HELP FARM FAMILIES SC 501(C)(3) LINE 7 N/A 0 SOUTH CAROLINA FARM BUREAU LAND TRUST INC 724 KNOX ABBOTT DRIVE CAYCE SC 29033 921376429 AGRICULTURAL LAND CONSERVATION SC 501(C)(3) LINE 7 N/A 0 FRIENDS OF FARM BUREAU POLITICAL ACTION COMMITTEE PO BOX 754 COLUMBIA SC 29202 571093382 POLITICAL FUNDRAISING SC 527 0 SC FARM BUREAU HOLDING COMPANY 724 KNOX ABBOTT DRIVE CAYCE SC 29033 270427080 HOLDING COMPANY SC N/A C 6964693 14364355 1.00000 1 1 1 0 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 SCFB MARKETING ASSOCIATION LLC A 713 FMV SCFB MARKETING ASSOCIATION LLC D 885000 FMV SCFB INSURANCE AGENCY LLC F 47818 FMV SCFB HOLDING COMPANY F 1860000 FMV SCFB INSURANCE AGENCY LLC K 166145 FMV SCFB SERVICES LLC L 10000 FMV SCFB MARKETING ASSOCIATION LLC L 10000 FMV SC AG-IN-THE-CLASSROOM FUND O 94799 FMV SCFB INSURANCE AGENCY LLC P 124617 FMV SCFB MANAGEMENT COMPANY P 426035 FMV SCFB LAND TRUST INC Q 13682 FMV SCFB INVESTMENT LLC Q 2164 FMV SC AG-IN-THE-CLASSROOM FUND Q 118002 FMV SCFB MARKETING ASSOCIATION LLC Q 71602 FMV SCFB EDUCATIONAL FOUNDATION Q 264 FMV SCFB SERVICES LLC Q 47479 FMV SCFB MARKETING ASSOCIATION LLC Q 465000 FMV SCFB FINANCIAL SERVICES LLC Q 1108 FMV SC AG-IN-THE-CLASSROOM FUND R 10000 FMV SCFB EDUCATIONAL FOUNDATION R 15000 FMV SCFB LAND TRUST INC R 70000 FMV SCHEDULE R, PART IV, RELATED ORGANIZATIONS - ADDITIONAL INFORMATION: THE ORGANIZATION OWNS 100% OF SC FARM BUREAU HOLDING COMPANY. THE HOLDING COMPANY OWNS 100% OF THE FOLLOWING SINGLE MEMBER LIMITED LIABILITY COMPANIES: SC FARM BUREAU MARKETING ASSOCIATION, LLC EIN: 27-0573754 SC FARM BUREAU INVESTMENT, LLC EIN: 27-0573819 SC FARM BUREAU INSURANCE AGENCY, LLC EIN: 27-0574020 SC FARM BUREAU SERVICES, LLC EIN: 27-0574215 SC FARM BUREAU FINANCIAL SERVICES, LLC EIN: 27-0574364 SC FARM BUREAU MANAGEMENT, LLC EIN: 27-0574465 PRO-AG, LLC EIN: 27-0574560