Nonprofit · EIN 61-6035765
KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC
Tax-exempt · LOUISVILLE, KY 40250
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $241,246 | $253,984 | -$12,738 | $554,814 | $191,000 | $363,814 |
| December 31, 2023 | 990 | $203,031 | $198,965 | $4,066 | $458,837 | $85,000 | $373,837 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $227,083
- Program service revenue
- $0
- Investment income
- $11,408
- Net income from fundraising events
- $2,755
- Other revenue
- $2,755
Expenses
- Grants and similar amounts paid
- $226,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,388
- Program services (functional)
- $247,336
- Management and general (functional)
- $6,648
Balance sheet and other
- Total assets, start of year
- $458,837
- Total assets, end of year
- $554,814
- Total liabilities, end of year
- $191,000
- Net assets, end of year
- $363,814
- Publicly traded securities
- $246,951
- Net assets without donor restrictions
- $363,814
- Gross receipts
- $274,581
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1965
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DREW GRAHAM | EXECUTIVE OFFICER Officer | 1 | $0 | $597,750 | $51,559 |
| EDDIE MELTON | PRESIDENT Trustee or director, Officer | 1 | $0 | $148,319 | $0 |
| SHANE WISEMAN | FIRST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $109,271 | $0 |
| LARRY CLARK | SECOND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $97,961 | $0 |
| MARK HANEY | PAST PRESIDENT Trustee or director, Officer | 1 | $0 | $31,240 | $24,435 |
| LARRY THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $7,450 | $36,698 |
| JOE PAUL MATTINGLY | DIRECTOR Trustee or director | 0.5 | $0 | $7,500 | $31,003 |
| SHARON FURCHES | DIRECTOR Trustee or director | 1 | $0 | $37,713 | $0 |
| MITCHEL LOGSDON | DIRECTOR Trustee or director | 0.5 | $0 | $36,573 | $0 |
| TYLER FERGUSON | DIRECTOR Trustee or director | 0.5 | $0 | $19,723 | $16,290 |
| J SCOTT DAVIS | DIRECTOR Trustee or director | 0.5 | $0 | $7,500 | $26,090 |
| TIM GOODLETT | DIRECTOR Trustee or director | 0.5 | $0 | $32,973 | $0 |
| MARY KATE KORDES | DIRECTOR Trustee or director | 0.5 | $0 | $31,973 | $0 |
| STEWART HUGHES | DIRECTOR Trustee or director | 0.5 | $0 | $30,173 | $0 |
| RAY ALLAN MACKEY | DIRECTOR Trustee or director | 0.5 | $0 | $29,573 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TAMMY WHITE | DIRECTOR Trustee or director | 0.5 | $0 | $27,973 | $0 |
| ZACK ISON | DIRECTOR Trustee or director | 0.5 | $0 | $27,573 | $0 |
| TODD BROCK | DIRECTOR Trustee or director | 0.5 | $0 | $27,173 | $0 |
| PJ MILBURN | DIRECTOR Trustee or director | 0.5 | $0 | $27,173 | $0 |
| DAVID TAYLOR | DIRECTOR Trustee or director | 0.5 | $0 | $26,723 | $0 |
| SCOTT BARNES | DIRECTOR Trustee or director | 0.5 | $0 | $26,373 | $0 |
| VICTOR REXROAT | DIRECTOR Trustee or director | 0.5 | $0 | $21,100 | $0 |
| CLOYCE WARREN HINKLE | DIRECTOR Trustee or director | 0.5 | $0 | $12,400 | $6,728 |
| ALEX BARNETT | DIRECTOR Trustee or director | 0.5 | $0 | $11,100 | $6,635 |
| GLENN HOWELL | DIRECTOR Trustee or director | 0.5 | $0 | $16,100 | $0 |
| TERRY LAWSON | DIRECTOR Trustee or director | 0.5 | $0 | $14,900 | $0 |
| DAVID MCGLONE | DIRECTOR Trustee or director | 0.5 | $0 | $14,500 | $0 |
| MARK KINSEY | DIRECTOR Trustee or director | 0.5 | $0 | $14,300 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DREW GRAHAM | EXECUTIVE OFFICER Officer | 1 | $0 | $471,655 | $42,384 |
| MARK HANEY | PRESIDENT Trustee or director, Officer | 1 | $0 | $143,515 | $21,552 |
| EDDIE MELTON | FIRST VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $124,980 | $30,439 |
| SHARON FURCHES | SECOND VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $100,015 | $0 |
| SHANE WISEMAN | DIRECTOR Trustee or director | 1 | $0 | $26,125 | $15,147 |
| LARRY THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $29,325 |
| MITCHEL LOGSDON | DIRECTOR Trustee or director | 0.5 | $0 | $28,447 | $0 |
| JOE PAUL MATTINGLY | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $28,016 |
| TIM GOODLETT | DIRECTOR Trustee or director | 0.5 | $0 | $26,847 | $0 |
| J SCOTT DAVIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $26,520 |
| VICTOR REXROAT | DIRECTOR Trustee or director | 0.5 | $0 | $24,647 | $0 |
| TYLER FERGUSON | DIRECTOR Trustee or director | 0.5 | $0 | $22,597 | $0 |
| TODD BROCK | DIRECTOR Trustee or director | 0.5 | $0 | $22,247 | $0 |
| RAY ALLAN MACKEY | DIRECTOR Trustee or director | 0.5 | $0 | $21,447 | $0 |
| STEWART HUGHES | DIRECTOR Trustee or director | 0.5 | $0 | $21,447 | $0 |
| MARY KATE KORDES | DIRECTOR Trustee or director | 0.5 | $0 | $21,247 | $0 |
| ZACH ISON | DIRECTOR Trustee or director | 0.5 | $0 | $20,447 | $0 |
| PJ MILBURN | DIRECTOR Trustee or director | 0.5 | $0 | $18,447 | $0 |
| SCOTT BARNES | DIRECTOR Trustee or director | 0.5 | $0 | $18,447 | $0 |
| LARRY CLARK | DIRECTOR Trustee or director | 0.5 | $0 | $16,850 | $0 |
| TAMMY WHITE | DIRECTOR Trustee or director | 0.5 | $0 | $16,547 | $0 |
| MARSHALL COYLE | PAST PRESIDENT UNTIL 12/2 Trustee or director | 0.5 | $0 | $5,150 | $8,414 |
| ALEX BARNETT | DIRECTOR Trustee or director | 0.5 | $0 | $6,550 | $5,852 |
| CLOYCE WARREN HINKLE | DIRECTOR Trustee or director | 0.5 | $0 | $5,050 | $6,926 |
| GLENN HOWELL | DIRECTOR Trustee or director | 0.5 | $0 | $11,750 | $0 |
| TERRY LAWSON | DIRECTOR Trustee or director | 0.5 | $0 | $8,950 | $0 |
| MARK KINSEY | DIRECTOR Trustee or director | 0.5 | $0 | $8,550 | $0 |
| DAVID MCGLONE | DIRECTOR Trustee or director | 0.5 | $0 | $7,750 | $0 |
| DAVID TAYLOR | DIRECTOR BEGINNING 12/2 Trustee or director | 0.5 | $0 | $600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20700, LOUISVILLE, KY 40250-0700
- Principal officer (990 for 2024)
- DREW GRAHAM, 9201 BUNSEN PARKWAY PO BOX 20700, LOUISVILLE, KY 402500700
- Signed the 990
- DREW GRAHAM, EXECUTIVE OFFICER
- Phone
- (502) 495-5000
- Website
- WWW.KYFB.COM
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS.
Program accomplishments
- EDUCATIONAL SCHOLARSHIPS AND AWARDS WERE GRANTED DURING 2024 TO MORE THAN 120 APPROVED RECIPIENTS.Expenses $244,336 · grants $223,000
- MINI GRANTS OF UP TO $500 EACH FOR AGRICULTURAL EXPERIENCE TOURS AND INFORMATION PROGRAMS FOR ELEMENTARY AND SECONDARY SCHOOL STUDENTS. THERE WERE PAYMENTS TO 6 COUNTY FARM BUREAUS IN 2024.Expenses $3,000 · grants $3,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-6035765
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $554,814
- Income (IRS master file)
- $274,581
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $241,246 | $253,984 | $554,814 | IRS |
| 990 | December 2023 | $203,031 | $198,965 | $458,837 | XML |
| 990 | December 2022 | $1,205,520 | $1,961,466 | $422,797 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-6035765).
Questions about KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC
- What is the EIN of KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC is 61-6035765.
- Is KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DREW GRAHAM.
- Who are the officers and directors of KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 28 people; 0 received compensation from the organization.
- How much revenue does KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $241,246, expenses of $253,984 and total assets of $554,814 at year end.
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