2024-10-31T15:03:14-05:00 2023-12-31 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2023-01-01 741145986 TEXAS FARM BUREAU TEXA 2543995074 PO BOX 2689 WACO TX 767022689 CHRIS DAUGHTERY CHIEF FINANCIAL OFFICER 2547512229 2024-10-31 1 0 ANGELA RAGAN P00969925 2547764190 2023 2024-10-15 13:58:12Z CHRIS DAUGHTERY P O BOX 2689 WACO TX 76702 31612924 0 X WWW.TXFB.ORG X 1933 TX TEXAS FARM BUREAU'S MISSION IS TO BE THE VOICE OF TEXAS AGRICULTURE. 16 0 94 5200 99482 98483 7430612 7596600 0 0 2539388 3723482 17528173 20118620 27498173 31438702 0 0 0 0 7659034 8296902 0 0 0 12002045 16047812 19661079 24344714 7837094 7093988 916022430 920862576 11321031 12369871 904701399 908492705 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 1 185 0 94 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 50479 10491 62394 WALT HAGOOD SECRETARY-TREASURER 5.00 X X 10527 6318 38996 MARK DANIEL VICE-PRESIDENT 5.00 X X 17524 6318 46795 PETE PAWELEK DIRECTOR 5.00 X 11763 6318 31197 BRIAN ADAMEK DIRECTOR 5.00 X 7927 6318 31197 WARREN CUDE DIRECTOR 5.00 X 17727 37515 0 JOHN PAUL DINEEN DIRECTOR 5.00 X 15927 37515 0 JOHN GRIFFITH DIRECTOR 5.00 X 16227 37515 0 KEVIN WILKERSON DIRECTOR 5.00 X 12927 6318 31197 MICKEY EDWARDS DIRECTOR 5.00 X 9763 37515 0 SAM SNYDER DIRECTOR 5.00 X 16163 6318 31197 BRIAN JONES DIRECTOR 5.00 X 9527 37515 0 ALLEN KAMINSKI DIRECTOR 5.00 X 28127 37515 0 PAT MCDOWELL DIRECTOR 5.00 X 0 6318 45497 SI COOK EXECUTIVE DIRECTOR 40.00 X 462314 693470 243297 CHRIS DAUGHTERY CFO 40.00 X 309432 464148 138002 STEPHANIE MCMULLEN CORPORATE SECRETARY 40.00 X 151751 151751 70686 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 40.00 X 107004 249677 77881 LINDLEY ELLIOTT INVESTMENT MANAGER 40.00 X 40617 467092 55251 CHARLES BENTON DIRECTOR OF FIELD OPERATIO 40.00 X 196654 0 59912 REGAN BECK DIRECTOR OF GOVERNMENT AFF 40.00 X 362259 40251 86192 GARY JOINER DIRECTOR OF COMMUNICATIONS 40.00 X 302299 0 62501 WHIT WEEMS DIRECTOR OF ORGANIZATION 40.00 X 284714 31634 70628 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 40.00 X 214108 91761 56904 JANICE NECKAR ACCOUNTING MANAGER 40.00 X 193103 0 29169 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 40.00 X 281643 0 50654 CAREY MARTIN ASSOCIATE DIRECTOR OF RADI 40.00 X 134214 0 24835 SCOTT ESKEW DIRECTOR OF FLEET 40.00 X 198751 0 35736 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 40.00 X 225213 0 37145 MATTHEW MARTIN CONTROLLER 40.00 X 107644 161467 55263 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 40.00 X 26074 299852 58484 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 40.00 X 192162 0 35008 PATRICK EHLERS CRKP MANAGER 40.00 X 155441 0 30105 RICHARD WITT COUNTY AUDIT MANAGER 40.00 X 38441 115323 33333 LAURA WIGLEY PAYROLL MANAGER 40.00 X 11775 135410 35346 BLAKE BROOKS HR & PR SPECIALIST/PILOT 40.00 X 13218 152007 19143 BRYCE MOORE ASSOCIATE DIRECTOR OF FIEL 40.00 X 114207 0 39519 LLOYD ARTHUR FORMER DIRECTOR 1.00 X 0 12627 0 BEN WIBLE FORMER DIRECTOR 1.00 X 0 32231 -28267 VAL STEPHENS FORMER DIRECTOR 1.00 X 0 45800 -40416 MARK CHAMBLEE FORMER DIRECTOR 1.00 X 0 13985 0 ZACHARY YANTA FORMER DIRECTOR 1.00 X 0 14651 0 KENNETH DIERSCHKE FORMER PRESIDENT 1.00 X 0 32319 0 BOB STALLMAN FORMER PRESIDENT 1.00 X 0 12254 0 DAN SMITH FORMER DIRECTOR 1.00 X 19043 39306 -65476 SCOTT FRAZIER FORMER DIRECTOR 1.00 X 0 15318 0 LARRY W JOINER FORMER DIRECTOR 1.00 X 0 13985 0 RONNIE MUENNINK FORMER DIRECTOR 1.00 X 0 13318 0 NEIL WALTER FORMER DIRECTOR 1.00 X 0 13318 0 4366689 3592762 1589305 18 1 1 0 0 7596600 7596600 3712338 3712338 19615995 19615995 185366 174222 11144 11144 11144 SPONSORSHIP 900099 403500 403500 ADVERTISING GAIN/LOSS 900099 99482 99482 -357 -357 502625 31438702 -357 99482 23742977 3770656 1781271 2193642 551333 161606 64123 549710 279836 386712 1339819 2223728 200 345983 184975 OUTSIDE SERVICES 7643819 PUBLIC RELATIONS 1187621 AWARDS 765712 OFFICERS & DIRECTORS 737765 176203 24344714 36150324 38935400 3057314 4759394 893474 485487 8125462 4552019 3912607 3573443 67203447 74519369 804805264 798589483 916022430 920862576 7020550 8233931 4300481 4135940 11321031 12369871 X 904701399 908492705 904701399 908492705 916022430 920862576 X 7093988 -3302682 X X 0 1 X 1 0 1 0 0 7487085 3931751 3555334 638377 620268 18109 3573443 INVESTMENT IN SUBSIDIARIES AND AFFILIATES 798589483 798589483 POST RETIREMENT BENEFITS PAYABLE 4135940 4135940 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 387318 580976 73916 110874 1080 1620 92975 139462 10860 0 566149 832932 0 0 CHRIS DAUGHTERY CFO 261505 392257 47927 71891 0 0 49687 74530 13785 0 372904 538678 0 0 LINDLEY ELLIOTT INVESTMENT MANAGER 29439 338544 11178 128548 0 0 3318 38151 13782 0 57717 505243 0 0 REGAN BECK DIRECTOR OF GOVERNMENT AFF 304612 33846 57647 6405 0 0 67799 7533 10860 0 440918 47784 0 0 JOHN CARPENTER DIR OF ADMIN/GENERAL COUNC 90244 210570 16760 39107 0 0 19229 44867 13785 0 140018 294544 0 0 WHIT WEEMS DIRECTOR OF ORGANIZATION 240106 26678 44608 4956 0 0 51161 5685 0 13782 335875 51101 0 0 PENNY ANDERSON DIRECTOR OF HUMAN RESOUCES 24558 282415 1516 17437 0 0 4328 49777 4379 0 34781 349629 0 0 STEPHANIE MCMULLEN CORPORATE SECRETARY 127763 127763 23988 23988 0 0 28452 28452 13782 0 193985 180203 0 0 GARY JOINER DIRECTOR OF COMMUNICATIONS 254291 0 48008 0 0 0 51641 0 10860 0 364800 0 0 0 ROSLYN MELDE DIRECTOR OF ORGANIZATION S 178869 76658 33502 14358 1737 745 39833 17071 0 0 253941 108832 0 0 BILLY HOWE ASST DIRECTOR OF GOVERNMEN 266139 0 15504 0 0 0 36872 0 13782 0 332297 0 0 0 MATTHEW MARTIN CONTROLLER 101716 152575 5928 8892 0 0 17761 26642 10860 0 136265 188109 0 0 LARAMIE ADAMS DIRECTOR OF NATIONAL AFFAI 205635 0 19578 0 0 0 23363 0 13782 0 262358 0 0 0 CHARLES BENTON DIRECTOR OF FIELD OPERATIO 76310 0 61644 0 58700 0 58817 0 1095 0 256566 0 0 0 SCOTT ESKEW DIRECTOR OF FLEET 187768 0 10983 0 0 0 21954 0 13782 0 234487 0 0 0 CHARLIE LEAL STATE LEGISLATIVE DIRECTOR 181539 0 10623 0 0 0 21226 0 13782 0 227170 0 0 0 JANICE NECKAR ACCOUNTING MANAGER 139812 0 15504 0 37787 0 29169 0 0 0 222272 0 0 0 RICHARD WITT COUNTY AUDIT MANAGER 36309 108926 2132 6397 0 0 4888 14663 13782 0 57111 129986 0 0 PATRICK EHLERS CRKP MANAGER 146782 0 8659 0 0 0 25726 0 4379 0 185546 0 0 0 BLAKE BROOKS HR & PR SPECIALIST/PILOT 13206 151869 12 138 0 0 1387 15946 1810 0 16415 167953 0 0 LAURA WIGLEY PAYROLL MANAGER 11114 127809 661 7601 0 0 1959 22527 10860 0 24594 157937 0 0 CAREY MARTIN ASSOCIATE DIRECTOR OF RADI 126718 0 7496 0 0 0 11053 0 13782 0 159049 0 0 0 BRYCE MOORE ASSOCIATE DIRECTOR OF FIEL 91088 0 23119 0 0 0 25734 0 13785 0 153726 0 0 0 KENNETH DIERSCHKE FORMER PRESIDENT 0 32319 0 0 0 0 0 0 0 0 0 32319 0 0 SCOTT FRAZIER FORMER DIRECTOR 0 15318 0 0 0 0 0 0 0 0 0 15318 0 0 ZACHARY YANTA FORMER DIRECTOR 0 14651 0 0 0 0 0 0 0 0 0 14651 0 0 MARK CHAMBLEE FORMER DIRECTOR 0 13985 0 0 0 0 0 0 0 0 0 13985 0 0 LARRY W JOINER FORMER DIRECTOR 0 13985 0 0 0 0 0 0 0 0 0 13985 0 0 RONNIE MUENNINK FORMER DIRECTOR 0 13318 0 0 0 0 0 0 0 0 0 13318 0 0 NEIL WALTER FORMER DIRECTOR 0 13318 0 0 0 0 0 0 0 0 0 13318 0 0 LLOYD ARTHUR FORMER DIRECTOR 0 12627 0 0 0 0 0 0 0 0 0 12627 0 0 BOB STALLMAN FORMER PRESIDENT 0 12254 0 0 0 0 0 0 0 0 0 12254 0 0 VAL STEPHENS FORMER DIRECTOR 0 45800 0 0 0 0 0 -40416 0 0 0 5384 0 0 BEN WIBLE FORMER DIRECTOR 0 32231 0 0 0 0 0 -28267 0 0 0 3964 0 0 DAN SMITH FORMER DIRECTOR 19043 39306 0 0 0 0 -27686 -37790 0 0 -8643 1516 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS OVER 550,000 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 CONTACTS THE INDEPENDENT OUTSIDE FIRM FOR RECOMMENDED SALARY INCREASE. THE PERSONNEL 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 -21,396,074. UNREALIZED GAINS/LOSSES 2,887,148. POST-RETIREMENT BENEFITS EXPENSE -125,668. FEDERAL INCOME TAX/BENEFIT -25,028. OTHER COMPREHENSIVE(INCOME)LOSS 15,461,491. NET PERIOD BENEFIT COST-OPEB 9,011. MEAL EXCLUSION -113,562. 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 2023. FORM 990, PART VIII, LINE 5, ROYALTY INCOME ROYALTIES CONSIST OF $2,722,312 FROM SFB LIFE INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU OWNS 10% OF THE STOCK; $9,746,951 FROM TFB CASUALTY COMPANY, A CONTROLLED SUBSIDIARY OF TEXAS FARM BUREAU; AND $7,096,732 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 1770010 73457586 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 2622041 766921177 1.00000 0 TEXAS FARM BUREAU MEMBER SERVICES P O BOX 2689 WACO TX 76702 742876682 SERVICES TX TEXAS FARM BUREAU C 140832 5113821 1.00000 0 TEXAS FARM BUREAU FLEET SALES P O BOX 2689 WACO TX 76702 742712104 USED VEHICLE SALES TX TFB BUSINESS CORP C 220305 5958402 1.00000 0 TEXAS FARM BUREAU AGRICULTURAL SERVICE CO P O BOX 2689 WACO TX 76702 741508700 SERVICES TX TFB BUSINESS CORP C 132 71034 1.00000 0 TEXAS FARM BUREAU RURAL HEALTH ASSOC P O BOX 2689 WACO TX 76702 742250199 SALES TX N/A C 24201 1240221 0 TEXAS FARM BUREAU CASUALTY INS CO P O BOX 2689 WACO TX 76702 260394642 INSURANCE TX TFB INVESTMENT CO C -37010700 1654379396 1.00000 0 TEXAS FARM BUREAU HEALTH PLANS INC P O BOX 2689 WACO TX 76702 881229789 HEALTH PLANS TX TEXAS FARM BUREAU C 247896 201559 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 9746951 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION K -94864 FINANCIAL STATEMENTS TEXAS FARM BUREAU BUSINESS CORPORATION M 6809966 FINANCIAL STATEMENTS