2024-05-08T16:46:49-05:00 2023-06-30 474313757 SANNELLA & ASSOCIATES 4 FAIRBANKS LN NORTH READING MA 018642836 990 2022-07-01 042128453 Massachusetts Farm Bureau FederationInc MASS 5084814766 249 Lakeside Avenue Marlborough MA 01752 Karen Schwalbe Clerk 5084814766 2024-05-08 1 Karen Schwalbe XXX-XX-XXXX 0 P02045240 9788883112 2024-05-08 X 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Karen Schwalbe 249 Lakeside Avenue Marlborough MA 01752 2597889 0 X www.mfbf.net X 1918 MA Agricultural assistance for members. 24 23 7 0 0 0 39000 2745 682819 518531 267779 118353 101145 85665 1090743 725294 0 0 0 0 461822 448502 0 0 0 344842 398844 806664 847346 284079 -122052 4822461 4904935 349870 344587 4472591 4560348 Agricultural assistance for members. 0 0 522975 585071 Membership services and information. 26078 19125 National and state annual meetings. 549053 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 4 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X Farm Credit East 8009460506 67 Bedford Street Middleborough MA 02346 Warren Shaw President 2.00 X X 0 0 0 Ryan Macay Vice President 2.00 X X 0 0 0 Wayne Smith Treasurer 2.00 X X 0 0 0 Karen Schwalbe Clerk 38.00 2.00 X X 86667 0 0 Mike Sabatini Director 2.00 X 0 0 0 Robert Kilmer Director 2.00 X 0 0 0 Skip Vadnais Director 2.00 X 0 0 0 David Ross Director 2.00 X 0 0 0 Barbara Rogers-Scharneck Director 2.00 X 0 0 0 Lenny Roberts Director 2.00 X 0 0 0 Richard Woodger Director 2.00 X 0 0 0 Karl Norris Director 2.00 X 0 0 0 Dan Martino Director 2.00 X 0 0 0 Charlie Tully Director 2.00 X 0 0 0 Ed Lawton Director 2.00 X 0 0 0 Charles Hayward Director 2.00 X 0 0 0 Heidi Cooper Director 2.00 X 0 0 0 Steve Ward Director 2.00 X 0 0 0 Will Pickard Director 2.00 X 0 0 0 Laura Abrams Director 2.00 X 0 0 0 Meghan Gennings Director 2.00 X 0 0 0 Alex Dowse Director 2.00 X 0 0 0 Heather Bonanno Baker Director 2.00 X 0 0 0 Mark Amato Past President 2.00 X 0 0 0 86667 0 0 1 0 0 0 0 2745 2745 Membership dues 900099 440828 440828 Member services 900099 38949 38949 Annual meetings 900099 19125 19125 Newsletter 900099 17128 17128 Committee income 900099 2501 2501 518531 113467 113467 30971 0 30971 30971 30971 1877481 1872595 4886 4886 4886 Management fees 900099 23999 23999 Admin Services 541200 23500 23500 Lobby service 900099 5000 5000 2195 2195 54694 725294 604196 0 118353 86667 250168 84741 26926 13290 5210 53228 36000 41605 13572 54347 59072 12680 26078 26947 6964 Membership expense 39330 Other expenses 8796 Committee expense 1725 847346 123462 107319 630 20081 319575 307575 5712 10131 1346802 335244 1021255 1011558 3281327 3377771 70500 70500 4822461 4904935 36563 49626 313307 294961 349870 344587 X 4472591 4560348 4472591 4560348 4822461 4904935 -122052 209809 0 X X 0 1 X 1 0 0 0 0 440828 36000 36000 36368 -368 438000 438000 774463 226576 547887 100214 95161 5053 34125 13507 20618 1011558 X 897448 209809 209809 687639 37655 37655 725294 809691 0 809691 37655 37655 847346 Part X, Line 2: Income Tax Status The Federation and the Foundation have been recognized by the Internal Revenue Service as organizations described in Sections 501(c)(5) and 501(c)(3) of the Internal Revenue Code, respectively. As such, they are exempt from federal and state income taxes. Both organizations are subject to Federal and Massachusetts income taxes on their unrelated business income. FLAME, Inc. is a taxable corporation. There are no significant differences between book and taxable income. The organizations file separate tax returns. The Organizations account for uncertain tax positions in accordance with FASB ASC Topic Accounting for Uncertainty in Income Taxes. This Topic prescribes a recognition threshold and measurement process for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The Topic also provides guidance on recognition, derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At June 30, 2023, Management believes that the Organizations have no material uncertain tax positions. The Organizations file informational tax returns in the U.S. Federal and Massachusetts state jurisdictions. Management believes the Organizations are no longer subject to U.S. Federal and state examinations by tax authorities for years ended before June 30, 2020. Farmers Live Animal Market Exchange Inc Wholly owned 24000 Management Fee 0 Farmers Live Animal Market Exchange Inc Wholly owned 15979 Interest 0 Form 990, Part VI, Section B, line 11b The complete Form 990 is first reviewed by the executive director. The Form 990 is then presented to the budget and audit committee of the board prior to filing with the IRS. Part VI, Line 12c The board of directors are annually required to complete a conflict of interest statement. If a conflict has been determined to exist, the board member is excluded from any discussion or vote on related matters. Part VI, Line 15a The compensation for the executive director is determined by the board of directors. Part VI, Line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part VI, Section B, line 12c The board of directors are annually required to complete a conflict of interest statement. If a conflict has been determined to exist, the board member is excluded from any discussion or vote on related matters. Form 990, Part VI, Section B, line 15a The compensation for the executive director is determined by the board of directors. 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 opun request. Part XII, Line 2c The board of directors takes responsibilty for overseeing the audit process. Mass Farm Bureau Preservation Foundation Inc 249 Lakeside Avenue Marlborough MA 01752 043247332 Land Preservation MA Public Charity Line 7 Mass Farm Bureau Federation Inc 1 Farmers Live Animal Market Exchange Inc 249 Lakeside Avenue Marlborough MA 01752 042401347 Landlord MA Mass Farm Bureau Federation Inc C 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Farmers Live Animal Market Exchange Inc A 15979 Interest on Note Payable Farmers Live Animal Market Exchange Inc L 24000 Est. time for mgmt.