2025-11-12T10:42:23-06:00 2024-12-31 742533381 JRBT PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2024-01-01 741145986 TEXAS FARM BUREAU TEXA 2543995074 PO BOX 2689 WACO TX 767022689 CHRIS DAUGHTERY CHIEF FINANCIAL OFFICER 2547512229 2025-11-10 1 0 ANGELA RAGAN P00969925 2547764190 2024 2025-03-06 01:10:19Z CHRIS DAUGHTERY P O BOX 2689 WACO TX 76702 35509513 0 X WWW.TXFB.ORG X 1933 TX TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS AGRICULTURE. 16 0 93 5200 29759 28758 7596600 7562297 0 0 3723482 4438935 20118620 22174644 31438702 34175876 0 0 0 0 8296902 8431123 0 0 0 16047812 19497782 24344714 27928905 7093988 6246971 920862576 982497314 12369871 13750111 908492705 968747203 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 1 205 0 93 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 59829 10518 64578 WALT HAGOOD RETIRED DIRECTOR - SECRETARY-TREASURER 5.00 X X 24725 6330 40361 PETE PAWELEK RETIRED DIRECTOR 5.00 X 16562 6330 32289 BRIAN ADAMEK DIRECTOR 5.00 X 12525 38619 0 WARREN CUDE DIRECTOR 5.00 X 17925 38619 0 JOHN PAUL DINEEN DIRECTOR 5.00 X 12825 38619 0 JOHN GRIFFITH DIRECTOR 5.00 X 17225 38619 0 KEVIN WILKERSON DIRECTOR 5.00 X 15225 6330 32289 MICKEY EDWARDS DIRECTOR 5.00 X 17362 38619 0 SAM SNYDER DIRECTOR - VICE PRESIDENT 5.00 X X 16422 6330 48433 BRIAN JONES DIRECTOR 5.00 X 8525 38619 0 JARED BLAKENSHIP DIRECTOR 5.00 X 8205 38619 0 GREG BUENGER DIRECTOR 5.00 X 14252 38619 0 STUART TRAYLOR DIRECTOR 5.00 X 12652 38547 0 MARK TRUE DIRECTOR 5.00 X 0 0 0 JAMES FOSTER DIRECTOR 5.00 X 0 0 0 MICHAEL MOON DIRECTOR 5.00 X 0 0 0 STEPHEN BAUER DIRECTOR 5.00 X 0 0 0 SI COOK EXECUTIVE DIRECTOR 40.00 X 608829 608829 259624 CHRIS DAUGHTERY CFO 40.00 X 408476 408476 148526 STEPHANIE MCMULLEN CORPORATE SECRETARY 40.00 X 157932 157932 75139 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 40.00 X 111368 259859 82899 LINDLEY ELLIOTT INVESTMENT MANAGER 40.00 X 45215 406934 59538 REGAN BECK DIRECTOR OF GOVERNMENT AFF 40.00 X 375105 41678 90950 GARY JOINER DIRECTOR OF COMMUNICATIONS 40.00 X 315477 0 69143 WHIT WEEMS DIRECTOR OF ORGANIZATION 40.00 X 32927 296344 75365 BRYCE MOORE DIRECTOR OF FIELD OPERATIONS 40.00 X 258009 0 60382 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 40.00 X 31579 284208 59129 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 40.00 X 291373 0 64001 CAREY MARTIN ASSOCIATE DIRECTOR OF RADI 40.00 X 140817 0 31758 SCOTT ESKEW DIRECTOR OF FLEET 40.00 X 0 205674 39093 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 40.00 X 230652 0 41522 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 40.00 X 23285 308559 60709 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 40.00 X 198863 0 38338 PATRICK EHLERS CRKP MANAGER 40.00 X 160123 0 31774 RICHARD WITT COUNTY AUDIT MANAGER 40.00 X 39610 118828 36631 BLAKE BROOKS ASSOCIATE DIRECTOR OF HUMAN RESOURCES 40.00 X 12723 169028 33048 IYAN LAYLOR BUSINESS INTEGRATION DEVELOPER 40.00 X 13846 124616 31866 EMILY KIRKLAND SENIOR ACCOUNTING MANAGER 40.00 X 161777 0 14719 CONSTANTIA FULLBRIGHT PAYROLL COORDINATOR 40.00 X 8657 115019 26197 JONATHAN ASIKIS SUPERVISOR DEVELOPMENT IT 40.00 X 127868 0 19423 MARK DANIEL FORMER DIRECTOR 5.00 X 0 55493 -40163 ALLEN KAMINSKI FORMER DIRECTOR 5.00 X 1419 15330 0 PAT MCDOWELL FORMER DIRECTOR 5.00 X 14404 47190 -42000 LLOYD ARTHUR FORMER DIRECTOR 1.00 X 0 12632 0 BEN WIBLE FORMER DIRECTOR 1.00 X 0 13330 0 VAL STEPHENS FORMER DIRECTOR 1.00 X 0 45812 -42540 MARK CHAMBLEE FORMER DIRECTOR 1.00 X 0 13997 0 ZACHARY YANTA FORMER DIRECTOR 1.00 X 0 14663 0 KENNETH DIERSCHKE FORMER PRESIDENT 1.00 X 0 32378 0 BOB STALLMAN FORMER PRESIDENT 1.00 X 0 12264 0 DAN SMITH FORMER DIRECTOR 1.00 X 0 18091 0 SCOTT FRAZIER FORMER DIRECTOR 1.00 X 0 15330 0 LARRY W JOINER FORMER DIRECTOR 1.00 X 0 13997 0 RONNIE MUENNINK FORMER DIRECTOR 1.00 X 1325 13330 0 NEIL WALTER FORMER DIRECTOR 1.00 X 0 13330 0 4025918 4226488 1543021 14 1 1 0 0 7562297 7562297 4640322 4640322 22046837 22046837 1132250 1333637 -201387 -201387 -201387 SPONSORSHIP 900099 100000 100000 ADVERTISING GAIN/LOSS 900099 29759 29759 -1952 -1952 127807 34175876 -1952 29759 26585772 3960184 1728747 2198497 543695 168959 191872 632874 201269 484382 1460769 2252070 2326 311890 345829 OUTSIDE SERVICES 9923592 PUBLIC RELATIONS 935886 AWARDS 773392 OFFICERS & DIRECTORS 579451 1233221 27928905 38935400 32042047 4759394 3422529 485487 452923 8138569 4863909 3573443 3274660 74519369 90732036 798589483 852573119 920862576 982497314 8233931 9048635 4135940 4701476 12369871 13750111 X 908492705 968747203 908492705 968747203 920862576 982497314 X 6246971 54007527 X X 0 1 X 1 0 1 0 0 7500192 4238885 3261307 638377 625024 13353 3274660 INVESTMENT IN SUBSIDIARIES AND AFFILIATES 852573119 852573119 POST RETIREMENT BENEFITS PAYABLE 4701476 4701476 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 508354 508354 100475 100475 0 0 123095 123095 13434 0 745358 731924 0 0 CHRIS DAUGHTERY CFO 343225 343225 65251 65251 0 0 65738 65738 17050 0 491264 474214 0 0 LINDLEY ELLIOTT INVESTMENT MANAGER 37902 341120 7313 65814 0 0 4324 38915 16299 0 65838 445849 0 0 REGAN BECK DIRECTOR OF GOVERNMENT AFF 313750 34861 61355 6817 0 0 70296 7811 12843 0 458244 49489 0 0 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 93403 217940 17965 41919 0 0 19980 46620 16299 0 147647 306479 0 0 WHIT WEEMS DIRECTOR OF ORGANIZATION 27612 248510 5315 47834 0 0 5907 53159 16299 0 55133 349503 0 0 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 21972 291109 1313 17450 0 0 3887 51644 5178 0 32350 360203 0 0 STEPHANIE MCMULLEN CORPORATE SECRETARY 132235 132235 25697 25697 0 0 29564 29564 16011 0 203507 187496 0 0 GARY JOINER DIRECTOR OF COMMUNICATIONS 263191 0 52286 0 0 0 56300 0 12843 0 384620 0 0 0 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 26447 238023 5132 46185 0 0 5913 53216 0 0 37492 337424 0 0 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 275454 0 15919 0 0 0 48278 0 15723 0 355374 0 0 0 BRYCE MOORE DIRECTOR OF FIELD OPERATIONS 218241 0 39768 0 0 0 43332 0 17050 0 318391 0 0 0 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 218241 0 12411 0 0 0 25223 0 16299 0 272174 0 0 0 SCOTT ESKEW DIRECTOR OF FLEET 0 194340 0 11334 0 0 0 22794 0 16299 0 244767 0 0 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 187893 0 10970 0 0 0 22039 0 16299 0 237201 0 0 0 BLAKE BROOKS ASSOCIATE DIRECTOR OF HUMAN RESOURCE 12249 162731 474 6297 0 0 1414 18791 12843 0 26980 187819 0 0 RICHARD WITT COUNTY AUDIT MANAGER 37398 112193 2212 6635 0 0 5083 15249 16299 0 60992 134077 0 0 PATRICK EHLERS CRKP MANAGER 151186 0 8937 0 0 0 26596 0 5178 0 191897 0 0 0 EMILY KIRKLAND SENIOR ACCOUNTING MANAGER 157330 0 4447 0 0 0 14719 0 0 0 176496 0 0 0 CAREY MARTIN ASSOCIATE DIRECTOR OF RADI 133054 0 7763 0 0 0 15459 0 16299 0 172575 0 0 0 IYAN LAYLOR BUSINESS INTEGRATION DEVELOPER 13313 119819 533 4797 0 0 1557 14010 16299 0 31702 138626 0 0 KENNETH DIERSCHKE FORMER PRESIDENT 0 32378 0 0 0 0 0 0 0 0 0 32378 0 0 PAT MCDOWELL FORMER DIRECTOR 14404 47190 0 0 0 0 -10140 -31860 0 0 4264 15330 0 0 DAN SMITH FORMER DIRECTOR 0 18091 0 0 0 0 0 0 0 0 0 18091 0 0 ALLEN KAMINSKI FORMER DIRECTOR 1419 15330 0 0 0 0 0 0 0 0 1419 15330 0 0 MARK DANIEL FORMER DIRECTOR 0 55493 0 0 0 0 0 -40163 0 0 0 15330 0 0 SCOTT FRAZIER FORMER DIRECTOR 0 15330 0 0 0 0 0 0 0 0 0 15330 0 0 ZACHARY YANTA FORMER DIRECTOR 0 14663 0 0 0 0 0 0 0 0 0 14663 0 0 RONNIE MUENNINK FORMER DIRECTOR 1325 13330 0 0 0 0 0 0 0 0 1325 13330 0 0 MARK CHAMBLEE FORMER DIRECTOR 0 13997 0 0 0 0 0 0 0 0 0 13997 0 0 LARRY W JOINER FORMER DIRECTOR 0 13997 0 0 0 0 0 0 0 0 0 13997 0 0 BEN WIBLE FORMER DIRECTOR 0 13330 0 0 0 0 0 0 0 0 0 13330 0 0 NEIL WALTER FORMER DIRECTOR 0 13330 0 0 0 0 0 0 0 0 0 13330 0 0 LLOYD ARTHUR FORMER DIRECTOR 0 12632 0 0 0 0 0 0 0 0 0 12632 0 0 BOB STALLMAN FORMER PRESIDENT 0 12264 0 0 0 0 0 0 0 0 0 12264 0 0 VAL STEPHENS FORMER DIRECTOR 0 45812 0 0 0 0 0 -42540 0 0 0 3272 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS OVER 540,000 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 PERFORMS A MARKET ANALYSIS FOR SALARY INCREASES. THE HUMAN RESOURCES 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 73,672,369. UNREALIZED GAINS/LOSSES 721,327. POST-RETIREMENT BENEFITS EXPENSE -106,902. FEDERAL INCOME TAX/BENEFIT -6,039. OTHER COMPREHENSIVE(INCOME)LOSS -20,190,339. NET PERIOD BENEFIT COST-OPEB 42,972. MEAL EXCLUSION -125,861. FORM 990, PART XII, LINE 2C:PROCESS FOR OVERSIGHT AND SELECTION OF IND AUDI NO CHANGE WAS MADE IN THE PROCESS OF OVERSIGHT AND SELECTION IN 2024. FORM 990, PART VIII, LINE 5, ROYALTY INCOME ROYALTIES CONSIST OF $2,839,602 FROM SFB LIFE INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU OWNS 10% OF THE STOCK; $11,278,227 FROM TFB CASUALTY COMPANY, A CONTROLLED SUBSIDIARY OF TEXAS FARM BUREAU; AND $7,929,008 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 1515106 73916375 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 3247543 818667692 1.00000 0 TEXAS FARM BUREAU MEMBER SERVICES P O BOX 2689 WACO TX 76702 742876682 SERVICES TX TEXAS FARM BUREAU C 149482 5262795 1.00000 0 TEXAS FARM BUREAU FLEET SALES P O BOX 2689 WACO TX 76702 742712104 USED VEHICLE SALES TX TFB BUSINESS CORP C 265452 6138369 1.00000 0 TEXAS FARM BUREAU AGRICULTURAL SERVICE CO P O BOX 2689 WACO TX 76702 741508700 SERVICES TX TFB BUSINESS CORP C 133 71139 1.00000 0 TEXAS FARM BUREAU RURAL HEALTH ASSOC P O BOX 2689 WACO TX 76702 742250199 SALES TX N/A C 30415 1266259 0 TEXAS FARM BUREAU CASUALTY INS CO P O BOX 2689 WACO TX 76702 260394642 INSURANCE TX TFB INVESTMENT CO C 72987736 2203606804 1.00000 0 TEXAS FARM BUREAU HEALTH PLANS INC P O BOX 2689 WACO TX 76702 881229789 HEALTH PLANS TX TEXAS FARM BUREAU C 22921 347667 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 11278227 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION K 116244 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION M 8167881 FINANCIAL STATEMENTS