2024-09-18T10:41:19-05:00 2023-12-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-01-01 350409100 INDIANA FARM BUREAU INC INDI 7655646484 PO BOX 1290 INDIANAPOLIS IN 462061290 MARK SIGLER TREASURER 3176927807 2024-09-17 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2024-09-17 2023 2024-08-08 14:25:15Z MARK SIGLER PO BOX 1290 INDIANAPOLIS IN 462061290 16800181 0 X WWW.INFARMBUREAU.ORG X 1919 IN INDIANA FARM BUREAU, OUR MISSION IS TO PROTECT AND ENHANCE THE FUTURE OF AGRICULTURE AND OUR COMMUNITIES. 13 11 71 1082 548326 422201 5330706 5404830 519187 524088 2094761 2033164 3786964 4018008 11731618 11980090 166227 262625 0 0 6065705 6655381 0 0 0 4879708 5180937 11111640 12098943 619978 -118853 23959518 24491033 4941165 5379000 19018353 19112033 X INDIANA FARM BUREAU, OUR MISSION IS TO PROTECT AND ENHANCE THE FUTURE OF AGRICULTURE AND OUR COMMUNITIES. 0 0 SEE SCHEDULE O SEE SCHEDULE O SEE SCHEDULE O 0 0 1 1 0 0 0 0 0 1 1 0 0 1 1 1 0 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 1 0 1 75 0 1 71 1 1 1 0 0 0 0 0 0 0 X 13 11 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 IN X ELAINE RUEFF CONTROLLER 3176927851 225 SOUTH EAST STREET INDIANAPOLIS IN 46202 RANDALL KRON PRESIDENT 40.00 10.00 X X 153516 180474 70722 KENDELL CULP DIRECTOR, VICE PRESIDENT 20.00 2.00 X X 70017 16000 7395 ISABELLA CHISM DIRECTOR, 2ND VICE PRESIDENT 20.00 X X 51420 12000 0 BRUCE GUERNSEY DIRECTOR 10.00 X 13200 12000 0 BRUCE HERR DIRECTOR 10.00 X 13200 12000 0 HAROLD PARKER DIRECTOR 10.00 X 13200 12000 0 JON SPARKS DIRECTOR 10.00 X 13200 12000 0 KERMIT PARIS DIRECTOR 10.00 X 13200 12000 0 KEVIN OUSLEY DIRECTOR 10.00 X 13200 19708 0 KEVIN UNDERWOOD DIRECTOR 10.00 X 13200 12000 0 MARK SEIB DIRECTOR (TERM BEGINS 12/16/2023) 10.00 X 500 500 0 MARYBETH FEUTZ DIRECTOR (TERM ENDED 12/16/2023) 10.00 X 13250 11500 0 ROBERT GESWEIN DIRECTOR 10.00 X 13200 12000 0 TERRY HAYHURST DIRECTOR 10.00 X 13200 12000 0 MARK SIGLER SECRETARY / TREASURER 40.00 X 288300 0 77113 ROBIN HELDMAN ASSISTANT SECRETARY 40.00 X 81808 0 35005 ELAINE RUEFF ASSISTANT TREASURER 40.00 X 119360 0 36521 DEBRA DECOURCY EXECUTIVE DIRECTOR, MARKETING 40.00 X 157104 0 27449 KATRINA HALL SENIOR DIRECTOR POLICY STRATEGY & ADVOCACY 40.00 X 164559 0 35481 MARK THORNBURG EXECUTIVE DIRECTOR, LEGAL AFFAIRS 40.00 X 158066 0 59025 MEGAN RITTER EXECUTIVE DIRECTOR OF ADMINISTRATION 40.00 X 189384 0 35795 RANDALL TAUER EXECUTIVE DIRECTOR, PUBLIC POLICY 40.00 X 149146 0 34473 1715230 336182 418979 14 0 1 0 0 4965830 439000 5404830 PUBLICATIONS 541800 524088 524088 524088 1905931 1905931 3643297 416897 3226400 4755568 160649 4723439 65545 32129 95104 127233 127233 30365 31107 -742 -742 FEES FROM AFFILIATES 541800 155522 155522 MISCELLANEOUS 900099 88502 88502 REBATES 900099 65899 65899 65530 65530 375453 11980090 767370 548326 5259564 262625 1098677 4165886 449684 580212 360922 27040 26750 8269 169785 184124 132165 214560 292304 615232 661061 488221 19076 CORPORATE INCOME TAXES 112812 MEMBER PUBLICATIONS 874454 YOUNG FARMER PROGRAM 228259 MEMBERSHIP BILLING EXPE 216306 910519 12098943 5373563 5441151 6010237 3540261 96238 93360 200000 200000 26387 27563 275992 148765 3007692 1540516 1610831 1467176 7832516 10945208 2504000 2504000 29754 123549 23959518 24491033 2149243 2556600 2791922 2822400 4941165 5379000 X 19000671 19099558 17682 12475 19018353 19112033 23959518 24491033 -118853 212533 0 X X 0 1 X 1 0 2279 INDIANA FARM BUREAU ELECT SSF PO BOX 1290 INDIANAPOLIS IN 46206 832471813 0 26553 1 0 0 498185 49818 448367 2509507 1490698 1018809 1467176 FB BANCORP DEBT 500000 C FB BANCORP PREFERRED STOCK 500000 C FB BANCORP STOCK 404000 C U.F.B. FAMILY LIFE INSURANCE CO. 1000000 C IFB MEMBERS HEALTH 100000 C 2504000 YOUNG ADULTS FUND 977 DEFERRED DUES & SUBSCRIPTIONS 2805423 AG EDUCATION FUND 16000 2822400 X 11907824 -63997 -63997 11971821 8269 8269 11980090 12026677 -63997 -63997 12090674 8269 8269 12098943 PART X, LINE 2: THE ORGANIZATION IS A TAX-EXEMPT AGRICULTURAL ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(5) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAW. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. THE FEE INCOME FROM CERTAIN AFFILIATES, AS WELL AS CERTAIN OTHER INCOME, IS CONSIDERED UNRELATED BUSINESS INCOME. MANAGEMENT IS REQUIRED TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH DECEMBER 31, 2022. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). FOR 2023 AND 2022, THE ORGANIZATION'S INCOME TAX EXPENSE WAS $112,812 AND $117,243 RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 31,107. GAIN ON DISPOSAL OF ASSETS OTHER THAN INVENTORY -95,104. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 31,107. GAIN ON DISPOSAL OF ASSETS OTHER THAN INVENTORY -95,104. 0 INDIANA AGRICULTURAL LAW FOUNDATION PO BOX 1290 INDIANAPOLIS IN 46206 510489857 501(C)(3) 55000 0 SUPPORT FARM BUREAU FOUNDATION PO BOX 1290 INDIANAPOLIS IN 46204 356022913 501(C)(3) 11475 0 SUPPORT PURDUE UNIVERSITY 615 W STATE STREET WEST LAFAYETTE IN 47907 356002041 GOVT 8164 0 SUPPORT INDIANA COOPERATIVE DEVELOPMENT CENTER 225 S EAST ST STE 252 INDIANAPOLIS IN 46202 611487004 501(C)(3) 12220 0 SUPPORT 4 X 0 1 X X X X X 0 0 0 RANDALL KRON PRESIDENT 121057 144294 12300 11010 20159 25170 28935 25170 16617 0 199068 205644 0 0 MARK SIGLER SECRETARY / TREASURER 237736 0 28750 0 21814 0 60516 0 16597 0 365413 0 0 0 MEGAN RITTER EXECUTIVE DIRECTOR OF ADMINISTRATION 170481 0 17500 0 1403 0 15073 0 20722 0 225179 0 0 0 MARK THORNBURG EXECUTIVE DIRECTOR, LEGAL AFFAIRS 140534 0 14650 0 2882 0 36740 0 22285 0 217091 0 0 0 KATRINA HALL SENIOR DIRECTOR POLICY STRATEGY & AD 148730 0 14400 0 1429 0 34788 0 693 0 200040 0 0 0 DEBRA DECOURCY EXECUTIVE DIRECTOR, MARKETING 141756 0 14150 0 1198 0 18443 0 9006 0 184553 0 0 0 RANDALL TAUER EXECUTIVE DIRECTOR, PUBLIC POLICY 133982 0 14150 0 1014 0 12205 0 22268 0 183619 0 0 0 ELAINE RUEFF ASSISTANT TREASURER 107260 0 11400 0 700 0 27641 0 8880 0 155881 0 0 0 PART I, LINE 1B WHILE THERE IS NO WRITTEN POLICY FOR TAX INDEMNIFICATION AND GROSS-UP PAYMENTS, IT IS A LONG-TIME COMPANY PAYROLL PRACTICE THAT WHEN AN OFFICER HAS A TAXABLE EVENT, THE DISTRIBUTION IS GROSSED UP TO ACCOUNT FOR THE DIFFERENCE. THERE IS A BOARD MOTION TO INDEMNIFY FOR THE TAXES THE PRESIDENT PAID ON COMMUTING MILEAGE LOADED ON PAYROLL. FORM 990, PART III, LINE 4 MEMBER COMMUNICATIONS MY INDIANA HOME IS A 36-PAGE MAGAZINE PUBLISHED QUARTERLY AND MAILED TO THE ORGANIZATION'S TOTAL MEMBERSHIP OF MORE THAN 270,000. EDITORIAL CONTENT STRIVES TO INFORM MEMBERS ABOUT THE FOOD THEY EAT, THE FARMERS WHO GROW IT AND INDIANA'S UNIQUE RURAL LIFESTYLE. THE HOOSIER FARMER IS A SIX-PAGE TABLOID MAILED TO NEARLY 65,000 MEMBERS 12 TIMES IN 2023. THIS PUBLICATION IS TARGETED TOWARD MEMBERS INVOLVED IN PRODUCTION AGRICULTURE OR WHO MAKE THEIR LIVING IN AGRIBUSINESS. IN 2023 WE ALSO PRODUCED AND DISTRIBUTED SPECIALIZED NEWSLETTERS TO SPECIFIC GROUPS OF INFB LEADERS AND VOTING MEMBERS. THE PUBLIC POLICY DISPATCH, PUBLISHED WEEKLY DURING THE STATE LEGISLATIVE SESSION AND EVERY OTHER WEEK DURING THE REST OF THE YEAR, IS SENT VIA E-MAIL TO OVER 30,000 PEOPLE AND GIVES READERS A CONCISE SUMMARY OF LEGISLATIVE ACTIVITY OF INTEREST TO FARM BUREAU MEMBERS AND INDIANA FARMERS. ANOTHER NEWSLETTER SENT TO A SPECIALIZED AUDIENCE WAS FRESH PICKS, WHICH IS WRITTEN FOR MEMBERS WHO PRODUCE SPECIALTY CROPS. IT WAS EMAILED OUT TWICE IN 2023: THE SPRING ISSUE TO 235 PEOPLE AND THE FALL ISSUE TO 280 PEOPLE. THE FB FEED IS AN ELECTRONIC NEWSLETTER SENT MONTHLY TO ALL PAID VOTING MEMBERS OF INDIANA FARM BUREAU FOR WHOM WE HAVE EMAIL ADDRESSES. ITS CIRCULATION THEREFORE VARIES DEPENDING ON THE MEMBERSHIP RENEWAL CYCLE BUT IT AVERAGES AROUND 11,600. IT IS INTENDED TO SUPPLEMENT OUR MONTHLY PRINT PUBLICATION, THE HOOSIER FARMER. IN ADDITION TO TIMELY NEWS ITEMS, EACH EDITION FEATURES DIFFERENT SECTIONS AIMED AT SPECIFIC AUDIENCES E.G., YOUNG FARMERS, DISTRICT EDUCATION & OUTREACH COORDINATORS, MEMBERSHIP CHAIRS AND POLICY CHAIRS. AGRICULTURE PROMOTION AND EDUCATION IN 2023, INDIANA FARM BUREAU EDUCATION STAFF DEVELOPED AN EDUCATOR GUIDE TO SUPPORT THE SIXTH INFB BOOK OF THE YEAR, I LOVE STRAWBERRIES BY SHANNON ANDERSON. ADDITIONAL BOOK OF THE YEAR MATERIALS WERE AVAILABLE FOR FARM BUREAU MEMBERS WITHIN OUR COUNTY MARKETING DEPARTMENT; THESE INCLUDED A BOOK OF THE YEAR TOOLKIT, TRIVIA WHEEL INSERTS, TEN-STEPS TO FOLLOW FOR A BOOK DONATION PROJECTS, ALONG WITH TEMPLATES FOR FARM BUREAU MEMBERS TO USE WHILE PROMOTING THE BOOK. INDIANA AGRICULTURAL LITERACY WEEK CONTINUED IN 2023. A WEEKLY GUIDE WAS CREATED TO HELP OUR COUNTY VOLUNTEERS TO IDENTIFY THE PURPOSE AND GOALS OF HIGHLIGHTING AN AGRICULTURAL LITERACY WEEK WITHIN THEIR COUNTY PROGRAMMING. THE GUIDE ALSO PROVIDED A WEEKLY PLAN TO HELP VOLUNTEERS IDENTIFY ACTIVITIES AND RESOURCES AVAILABLE. TWO SUMMER WORKSHOPS WERE ORGANIZED BY THE INDIANA FARM BUREAU EDUCATION STAFF. THESE WORKSHOPS TARGETED AGRICULTURE IN THE CLASSROOM VOLUNTEERS AND K-12 TEACHERS. THE WORKSHOPS HIGHLIGHTED THE 2023 BOOK OF THE YEAR. THESE THREE WORKSHOPS WERE HELD AT TWO DIFFERENT LOCATIONS AROUND THE STATE: JOHNSON COUNTY FAIRGROUNDS IN FRANKLIN, IN AND BECK'S HYBRIDS IN ATLANTA, IN. OUR TOTAL ATTENDANCE OF 98. AGRICULTURE IN THE CLASSROOM WELCOMED OVER 500 AG TEACHERS AND FACS EDUCATORS BACK TO SCHOOL IN AUGUST WITH A CLASSROOM RESOURCE GIFT OF AN INDIANA AG COMMODITIES STATE MAP POSTER, INDIANA AG MAG AND A PEN. THE MIDDLE SCHOOL AGRISCIENCE LIBRARY PROJECT SUCCESSFULLY FINISHED ITS FOURTH YEAR OF THE PROJECT PLAN. ALL OF THE PLANNED LESSONS RELEASED TO TEACHERS BY THE END OF DECEMBER 2023. INDIANA FARM BUREAU CONTINUED ITS EDUCATIONAL IMPACT THROUGH JUNIOR ACHIEVEMENT JOB SPARK EVENT. THE EVENT WAS HELD IN THE FALL CREEK PAVILION AT THE INDIANA STATE FAIR GROUNDS IMPACTING 12,000 STUDENTS. INDIANA FARM BUREAU PROVIDED AN AGRICULTURAL CAREERS EXPLORATION ACTIVITY. IN CONCLUSION, THE INDIANA FARM BUREAU AGRICULTURE IN THE CLASSROOM REACHED OVER 57,000 STUDENTS WITH THE HELP OF 115 INDIANA FARM BUREAU VOLUNTEERS THROUGHOUT 2023. WE WERE ABLE TO ENGAGE WITH 189 TEACHERS THROUGH FACE-TO-FACE PROFESSIONAL DEVELOPMENT WHICH WILL GENERATE A STUDENT IMPACT OF 5,670 STUDENTS. THE AG IN THE CLASSROOM PROGRAM ALSO PROVIDED PROFESSIONAL DEVELOPMENT FOR 42 PRE-SERVICE TEACHERS PRIOR TO THEIR STUDENT TEACHING EXPERIENCE. MEMBER EDUCATION AND LEADERSHIP DEVELOPMENT IN 2023, INFB SHARED INFORMATION WITH OUR MEMBERS TO SUPPORT THEIR NEEDS IN ENERGY, RURAL VIABILITY, AND TAXATION. WE SUPPORTED OUR MEMBERS IN BUILDING RELATIONSHIPS WITH ELECTED OFFICIALS IN AN IN-PERSON FORMAT AS WELL AS THROUGH VIRTUAL EVENTS. WE LAUNCHED A NEW LEADERSHIP DEVELOPMENT PROGRAM AND ALSO CONTINUED OUR EDUCATIONAL PROGRAMMING BY OFFERING SESSIONS ON AGRICULTURAL DRAINAGE AND ESTATE PLANNING, IN ADDITION TO DIVERSIFICATION, SUSTAINABILITY AND MARKETING TO NAME A FEW. INFB CONTINUED A PROGRAM TO ASSIST FARMERS WITH ADDRESSING DAMAGES TO LIVESTOCK FROM BLACK VULTURES THROUGH ISSUING DEPRIVATION PERMITS. WE ALSO DELIVERED PROFESSIONAL DEVELOPMENT AND OUTREACH OPPORTUNITIES THAT ALLOWED OUR MEMBERS TO ENGAGE IN THEIR COMMUNITIES. VOLUNTEERS DELIVERED AGRICULTURE LESSONS IN-PERSON AND VIRTUALLY TO K-12 STUDENTS, BUILT RELATIONSHIPS WITH LOCAL STAKEHOLDERS AND ELECTED OFFICIALS, PROVIDED MARKETING SUPPORT FOR COUNTY LED PROGRAMS AND INITIATIVES AND AWARDED SCHOLARSHIPS TO COLLEGE STUDENTS. WE ALSO HIGHLIGHTED THE OUTSTANDING WORK OF OUR YOUNG FARMERS AND AG PROFESSIONALS THROUGH A COMPETITIVE AWARDS PROGRAM. INDIANA FARM BUREAU MEMBERS, INCLUDING YOUNG FARMERS & AG PROFESSIONALS AS WELL AS FFA MEMBERS WERE ABLE TO PARTICIPATE IN SPECIAL "ADVOCACY DAYS" AT THE INDIANA STATEHOUSE. THESE MEMBERS HAD THE OPPORTUNITY TO LEARN ABOUT THE IMPORTANCE OF ADVOCACY ON THE LOCAL, STATE AND FEDERAL LEVELS AS WELL AS RECEIVE LEADERSHIP DEVELOPMENT TRAINING TO ENHANCE THEIR COMMUNICATION SKILLS WHEN COMMUNICATING WITH LEGISLATORS AND OTHER KEY FIGURES WITHIN THEIR COMMUNITY. MEMBERS PARTICIPATED IN LEADERSHIP TRAINING SEMINARS, EDUCATIONAL WORKSHOPS AND OTHER SPECIAL PROGRAMS. ALSO CONTINUING IN 2023 WAS TRAINING FOR VOLUNTEERS AND EDUCATORS INVOLVED IN INFB'S AG IN THE CLASSROOM PROGRAM. TWO CONFERENCES FOR FARM BUREAU MEMBERS AND ASSOCIATED GROUPS AND INDIVIDUALS WERE HELD IN 2023. THE INDIANA FARM BUREAU STATE CONVENTION HELD IN 2023 OFFERED EDUCATIONAL SESSIONS INCLUDING TRANSFORMATION OF FOOD SYSTEMS THROUGH INNOVATION, CARBON CAPTURE AND SEQUESTRATION, MARKET OUTLOOKS, SHIFTS IN FOOD PURCHASING BEHAVIOR, TECHNOLOGIES CHANGING AGRICULTURE, LAND US, GLOBAL MACROECONOMICS, LIQUID FUELS, WATER QUANTITY, LABOR ANTI-AGRICULTURE ACTIVISTS AND NAVIGATING GENERATIONAL DIFFERENCES. THE YOUNG FARMERS & AG PROFESSIONALS CONFERENCE INCLUDED SESSIONS INCLUDED: THE CLIMATE OF TODAY'S AGRICULTURE AND ECONOMICS, AGRICULTURAL CONSERVATION EFFORTS, MENTAL HEALTH RESOURCES, MANAGING FARM EMPLOYEES, EMERGING TECHNOLOGIES, ADVOCACY, SUCCESSION PLANNING, AND GENERAL FINANCIAL RESOURCES. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS MADE UP OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER OF THE IFB BOARD OF DIRECTORS IS ELECTED BY DELEGATES FROM THE COUNTIES THEY REPRESENT IN THEIR DISTRICT. THE STATE IS DIVIDED INTO 10 DISTRICTS AND A DIRECTOR IS ELECTED FROM EACH DISTRICT. EACH COUNTY ELECTS THEIR DELEGATES AT THEIR ANNUAL MEETING. THE NUMBER OF DELEGATES THEY HAVE IS BASED ON THE NUMBER OF VOTING MEMBERS IN THEIR COUNTY. THE 3 OFFICERS ON THE STATE BOARD ARE ELECTED AT THE STATE ANNUAL MEETING BY THE DELEGATES FROM ALL OF THE COUNTIES. FORM 990, PART VI, SECTION A, LINE 7B THE VOTING MEMBERS THAT ARE ELECTED AS DELEGATES VOTE ON THE POLICY POSITIONS OF THE ORGANIZATION ANNUALLY AT A STATEWIDE POLICY MEETING. THE GOVERNING BODY, WHICH IS THE BOARD OF DIRECTORS, THEN HAS THE RESPONSIBILITY TO WORK WITH IFB MANAGEMENT ON IMPLEMENTATION OF THE POLICIES AND MONITOR PROGRESS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT FOR ACCURACY. THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AFTER THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE OFFICERS AND DIRECTORS OF THE CORPORATION ARE REQUIRED TO SIGN A STATEMENT STATING ANY CONFLICTS OF INTEREST THEY MAY HAVE. IF ANY CONFLICTS ARE IDENTIFIED, THE DIRECTOR OR OFFICER IS TO RECUSE HIMSELF FROM VOTING ON ANY RELATED MATTER THAT MAY OCCUR. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE, CONSISTING OF 4 MEMBERS OF THE GOVERNING BODY (THAT ARE NOT EMPLOYEES OR OFFICERS), ANNUALLY REVIEW THE SALARIES OF THE ORGANIZATION'S OFFICERS. THE REVIEW INCLUDES COMPARABLE DATA FROM OUTSIDE SOURCES. FORM 990, PART VI, SECTION C, LINE 19 IFB DOES NOT MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIALS STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IV, LINE 12 INDIANA FARM BUREAU, INC. RECEIVED AUDITED FINANCIAL STATEMENTS PREPARED ON THE ACCOUNTING BASIS USED FOR FEDERAL INCOME TAX PURPOSES, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDANT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. 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