BETA

ARKANSAS FARM BUREAU FOUNDATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ARKANSAS FARM BUREAU FOUNDATION (EIN 81-4517307)
Tax period
2019-11-01 to 2020-10-31
Filed
2021-09-15
IRS object ID
202142589349300529
Schema version
2019v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2021-09-15T09:19:29-05:00ReturnTs
Tax Period End2020-10-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN710355269PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1LANDMARK PLC CPASBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1201 EAST MARKHAM SUITE 500AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72201ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-11-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814517307EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ARKANSAS FARM BUREAU FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlARKABusinessNameControlTxt
Phone5012244400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 31AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72203ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL D SOLOMONPersonNm
Person TitleVP FINANCE & OPERATIONSPersonTitleTxt
Phone5012244400PhoneNum
Signature2021-09-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSHERRY CHESSER CPAPreparerPersonNm
PTINP00174819PTIN
Phone5013752025PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMICHAEL D SOLOMONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 31AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72203ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$678,706GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ARFB.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateARLegalDomicileStateCd
Activity Or MissionARKANSAS FARM BUREAU FOUNDATION (THE "FOUNDATION") IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE UNDERSTANDING OF AGRICULTURAL AND RURAL ISSUES, AND TO SUPPORT THE AGRICULTURAL AND RURAL COMMUNITY THROUGH FINANCIAL SUPPORT FOR EDUCATION, RESEARCH, LITIGATION, AND DISASTER RELIEF.ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent0VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers47TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$737,894PYContributionsGrantsAmt
CY Contributions Grants$677,948CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$499PYInvestmentIncomeAmt
CY Investment Income$758CYInvestmentIncomeAmt
PY Other Revenue-$10,423PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$727,970PYTotalRevenueAmt
CY Total Revenue$678,706CYTotalRevenueAmt
PY Grants And Similar Paid$283,224PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$523,392CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$243,848PYOtherExpensesAmt
CY Other Expenses$75,255CYOtherExpensesAmt
PY Total Expenses$527,072PYTotalExpensesAmt
CY Total Expenses$598,647CYTotalExpensesAmt
PY Revenues Less Expenses$200,898PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$80,059CYRevenuesLessExpensesAmt
Total Assets BOY$724,167TotalAssetsBOYAmt
Total Assets EOY$1,033,198TotalAssetsEOYAmt
Total Liabilities BOY$29,429TotalLiabilitiesBOYAmt
Total Liabilities EOY$258,401TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$694,738NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$774,797NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionARKANSAS FARM BUREAU FOUNDATION (THE "FOUNDATION") IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES TO FURTHER THE UNDERSTANDING OF AGRICULTURAL AND RURAL ISSUES, AND TO SUPPORT THE AGRICULTURAL AND RURAL COMMUNITY THROUGH FINANCIAL SUPPORT FOR EDUCATION, RESEARCH, LITIGATION, AND DISASTER RELIEF.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$233,402ExpenseAmt
Grant$233,402GrantAmt
DescFUTURE FARMERS OF AMERICA - THE ARKANSAS DEPARTMENT OF CAREER EDUCATION PROVIDES FUNDS TO THE FOUNDATION FOR THE PERSONNEL AND ADMINISTRATIVE SUPPORT AND OPERATION OF THE FUTURE FARMERS OF AMERICA (FFA) STUDENT LEADERSHIP ACTIVITIES. THE NATURE OF THIS PARTNERSHIP IS TO SUPPORT AND FOSTER COLLABORATIVE EFFORTS THAT PROMOTE THE FFA CAREER AND TECHNICAL STUDENT ORGANIZATIONDesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$110,000ExpenseAmt
Grant$110,000GrantAmt
DescDISASTER RELIEF - THE FOUNDATION CONTRIBUTES TO ORGANIZATIONS THAT SUPPORT AGRICULTURE AND RURAL COMMUNITIES AFFECTED BY NATURAL DISASTERS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$185,908ExpenseAmt
Grant$171,850GrantAmt
DescOTHER PROGRAM EXPENSES - TO PROVIDE CHARITABLE AND EDUCATIONAL ASSISTANCE TO FURTHER THE UNDERSTANDING OF AGRICULTURAL AND RURAL ISSUES, AND TO SUPPORT THE AGRICULTURAL AND RURAL COMMUNITY THROUGH FINANCIAL SUPPORT FOR EDUCATION, RESEARCH, AND LITIGATION.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)

ExpenseExpenseAmtGrantGrantAmtDescDesc
$54,501$8,140AG IN THE CLASSROOM IS A NATIONALLY AFFILIATED PROGRAM TO INCREASE AGRICULTURAL LITERACY AMONG SCHOOL CHILDREN, TEACHERS, AND ADMINISTRATORS. AG IN THE CLASSROOM PROGRAMS BRIDGE THE GAP BETWEEN FARM AND CITY BY TEACHING CHILDREN ABOUT FARMING AND FOOD PRODUCTION. THE ARKANSAS FARM BUREAU SERVES AS THE COORDINATING AGENCY FOR AG IN THE CLASSROOM IN ARKANSAS.CLASSROOM MATERIALS: SEVERAL DIFFERENT CLASSROOM MATERIALS ARE AVAILABLE FOR TEACHERS TO USE IN THE CLASSROOM. THE "AG READER" SERIES FEATURES COMMODITY SPECIFIC INFORMATION AND ACTIVITIES ON THE MAJOR CROPS PRODUCED IN ARKANSAS, AND THEY ARE CORRELATED TO THE STATE STANDARDS. OTHER CLASSROOM MATERIALS ARE AVAILABLE; INCLUDING COLORING BOOKS, AN AGRICULTURE PRODUCTION MAP, BOOKS AND BOOKMARKS.EDUCATIONAL DISPLAYS: THE AG IN THE CLASSROOM PROGRAM HAS MOBILE EDUCATIONAL DISPLAYS AVAILABLE FOR SCHOOL PROGRAMS ACROSS THE STATE. ARKANSAS FARM BUREAU STAFF MEMBERS CONDUCT EDUCATIONAL PROGRAMS USING THE DISPLAYS AND THE INTERACTIVE FEATURES TO TEACH STUDENTS ABOUT AGRICULTURE IN ARKANSAS. PRESENTATIONS CAN BE MADE FOR CLASSROOMS, AN ENTIRE GRADE OR THE WHOLE SCHOOL.THE AG IN THE CLASSROOM PROGRAM ALSO OFFERS GARDEN GRANTS FOR SCHOOLS, HANDS ON ACTIVITIES AND AWARDS FOR TEACHERS. FOR MORE INFORMATION, PLEASE VISIT OUR WEBSITE AT WWW.ARFB.COM AND SELECT "EDUCATION".
$14,836$0SINCE 1947, THE ARKANSAS FARM FAMILY OF THE YEAR PROGRAM HAS SERVED AS A VEHICLE TO RECOGNIZE OUTSTANDING FARM FAMILIES THROUGHOUT THE STATE. THE OBJECTIVES OF THE FARM FAMILY OF THE YEAR PROGRAM ARE:O TO GIVE RECOGNITION AND ENCOURAGEMENT TO FARM FAMILIES WHO ARE DOING AN OUTSTANDING JOB ON THEIR FARM AND IN THEIR COMMUNITY.O TO GAIN RECOGNITION OF THE IMPORTANCE OF AGRICULTURE IN THE COMMUNITY AND STATE.O TO DISSEMINATE INFORMATION ON IMPROVED FARM PRACTICES AND MANAGEMENT.
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$69,337TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$8,140TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$598,647TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member0IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldARStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHAEL SOLOMONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5012244400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 31AddressLine1Txt
CityLITTLE ROCKCityNm
State AbbreviationARStateAbbreviationCd
ZIP72203ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
RICH HILLMAN
PRESIDENT1.0020.00Yes (X)Yes (X)$0$26,150$0
MIKE FREEZE
VICE PRESIDENT1.0015.00Yes (X)Yes (X)$0$16,800$0
DAN WRIGHT
SECRETARY/TREASURER1.0010.00Yes (X)Yes (X)$0$15,100$0
JON CARROLL
DIRECTOR1.005.00Yes (X)$0$11,104$0
JOE CHRISTIAN
DIRECTOR1.005.00Yes (X)$0$9,350$0
TERRY DABBS
DIRECTOR1.005.00Yes (X)$0$8,250$0
SHERRY FELTS
DIRECTOR1.005.00Yes (X)$0$8,550$0
CHASE GROVES
DIRECTOR1.005.00Yes (X)$0$7,650$0
TERRY LASTER
DIRECTOR1.005.00Yes (X)$0$5,250$0
TOM JONES
DIRECTOR1.005.00Yes (X)$0$11,200$0
CALEB PLYLER
DIRECTOR1.005.00Yes (X)$0$10,100$0
GENE PHARR
DIRECTOR1.005.00Yes (X)$0$8,700$0
RUSTY SMITH
DIRECTOR1.005.00Yes (X)$0$12,225$0
JEREMY MILLER
DIRECTOR1.005.00Yes (X)$0$10,800$0
JOE THRASH
DIRECTOR1.005.00Yes (X)$0$5,400$0
WARREN CARTER
EXECUTIVE VICE PRESIDENT1.0015.00Yes (X)$0$285,465$551,827
RANDY VEACH
FORMER PRESIDENT1.0020.00Yes (X)Yes (X)$0$4,400$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$456,494TotReportableCompRltdOrgAmt
Total Other Compensation$551,827TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$452,100RelatedOrganizationsAmt
All Other Contributions$225,848AllOtherContributionsAmt
Total Contributions$677,948TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$758TotalRevenueColumnAmt
Exclusion$758ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$678,706TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$758ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$515,252TotalAmt
Program Services$515,252ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$8,140TotalAmt
Program Services$8,140ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,082TotalAmt
Program Services$3,082ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$43,359TotalAmt
Program Services$43,359ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,855TotalAmt
Program Services$3,855ProgramServicesAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,738TotalAmt
Program Services$11,738ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$7,743TotalAmt
Program Services$7,743ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
EVENTS EXPENSE$4,878$4,878
ELECTION DIRECTORY$600$600

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$598,647TotalAmt
Program Services$598,647ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$716,372BOYAmt
EOY$985,191EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$7,795BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$55,750LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$7,743LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$48,007EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$724,167BOYAmt
EOY$1,033,198EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$29,429BOYAmt
EOY$18,401EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$240,000EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$29,429BOYAmt
EOY$258,401EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$609,799BOYAmt
EOY$687,585EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$84,939BOYAmt
EOY$87,212EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$694,738BOYAmt
EOY$774,797EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$724,167BOYAmt
EOY$1,033,198EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$80,059ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$540,643CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$777,608CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$737,894CurrentTaxYearMinus1YearAmt
Current Tax Year$677,948CurrentTaxYearAmt
Total$2,734,093TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$540,643CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$777,608CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$737,894CurrentTaxYearMinus1YearAmt
Current Tax Year$677,948CurrentTaxYearAmt
Total$2,734,093TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,753,285SubstantialContributorsTotAmt
Public Support Total170$980,808PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$133CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$287CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$499CurrentTaxYearMinus1YearAmt
Current Tax Year$758CurrentTaxYearAmt
Total$1,677TotalAmt
FieldValueIRS element (for citing)
Total Support$2,735,770TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$55,750OtherCostOrOtherBasisAmt
Depreciation$7,743DepreciationAmt
Book Value$48,007BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$48,007TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescCONTRIBUTIONS PAYABLEDesc
Amt$240,000Amt
FieldValueIRS element (for citing)
Total Liability$240,000TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$678,706TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$678,706RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$678,706TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$598,647TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$598,647ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$598,647TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION HAS RECEIVED A DETERMINATION LETTER INDICATING THAT IT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3). ACCOUNTING STANDARDS REQUIRE THE FOUNDATION TO EVALUATE TAX POSITIONS AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD BE UNSUSTAINABLE UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF OCTOBER 31, 2020 AND 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE THE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO AUDIT BY THE INTERNAL REVENUE SERVICE; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
CRAIGHEAD COUNTY FARM BUREAU
PO BOX 2397JONESBOROAR72402710257512501(C)(3)$5,000FARMING ON FAITH PROJECT
RONALD MCDONALD HOUSE CHARITIES OF ARKANSAS INC
1501 W 10TH STLITTLE ROCKAR72202710525252501(C)(3)$100,000DISASTER RELIEF
U OF A DIVISION OF AGRICULTURE COOPERATIVE EXTENSION SERVICE
2301 S UNIVERSITY AVELITTLE ROCKAR72204621712458501(C)(3)$5,850VIRTUAL AG TOURS, BOOK BARN
ARKANSAS 4-H FOUNDATION
1 FOUR H WAYLITTLE ROCKAR72223716060767501(C)(3)$5,000RICK & LYNETTE CARTWRIGHT 4-H SCHOLARSHIP ENDOWMENT
LOUISIANA FARM BUREAU
PO BOX 95004BATON ROUGELA708959004581970561501(C)(3)$10,000HURRICANE DISASTER RELIEF
ARKANSAS FFA FOUNDATION
301 CATHERINE PARK RDHOT SPRINGSAR71913237079719501(C)(3)$150,000TROY BUCK AUDITORIUM
ARKANSAS FFA FOUNDATION
301 CATHERINE PARK RDHOT SPRINGSAR71913237079719501(C)(3)$83,402DEPARTMENT OF EDUCATION MOU FUNDS FOR FFA
ARKANSAS 4-H FOUNDATION
1 FOUR H WAYLITTLE ROCKAR72223716060767501(C)(3)$150,000ROSE GARDEN PAVILION
AGRI HEALTH NETWORK
10 REMINGTON DRIVELITTLE ROCKAR72204814566323501(C)(3)$5,000FAITH FAMILY FARMING PROGRAM
FieldValueIRS element (for citing)
Total501c3 Org9Total501c3OrgCnt
Total Other Org9TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeAG IN THE CLASSROOM GRANTSGrantTypeTxt
Recipient15RecipientCnt
Cash Grant$8,140CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationGRANT RECIPIENTS ARE REQUIRED TO PROVIDE A REPORT OF HOW THE GRANT FUNDS WERE SPENT AND TRACK QUANTIFIABLE MEASURES OF HOW MANY PEOPLE WERE REACHED BY THE PROGRAM THE GRANT FUNDED. THE FOUNDATION STIPULATES THE RELATED REPORT DATE AND REQUIRES THE RECIPIENT TO ALLOW ACCESS TO FINANCIAL RECORDS TO VERIFY GRANT EXPENDITURES AND ACTIVITES.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonWARREN CARTERPersonNm
TitleEXECUTIVE VICE PRESIDENTTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$276,580CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$8,885OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$538,186DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$13,641NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$837,292TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS FORWARDED TO THE AUDIT COMMITTEE AS WELL AS THE ARKANSAS FARM BUREAU FEDERATION'S PRESIDENT, EXECUTIVE VICE-PRESIDENT, AND VICE PRESIDENT, FINANCE AND OPERATIONS PRIOR TO FILING THE ARKANSAS FARM BUREAU FEDERATION'S VICE PRESIDENT, FINANCE AND OPERATIONS WILL REVIEW AND SIGN THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE POLICY IS REVIEWED ANNUALLY WITH THE BOARD AND LEGAL COUNSEL AND SIGNED ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15THE FOUNDATION DOES NOT PAY ANY COMPENSATION. THE COMPENSATION REFLECTED IN PART VII AS PAID FROM RELATED ORGANIZATIONS IS DETERMINED BY A COMPENSATION COMMITTEE OF THE RELATED ORGANIZATION WHO ENGAGES LONGNECKER & ASSOCIATES AND USES A SALARY ADMINISTRATION PLAN DESIGNED BY THEM. ALL SALARIES FALL WITHIN THE DESIGNATED RANGES OF THE PLAN, ARE APPROVED BY THE COMPENSATION COMMITTEE AND REFERRED TO THE FULL BOARD OF DIRECTORS FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
ARKANSAS FARM BUREAU SCHOLARSHIP FOUNDATION
PO BOX 31LITTLE ROCKAR72203710888051AWARDING SCHOLARSHIPSAR501(C)(3)PFARKANSAS FARM BUREAU FEDERATION0
ARKANSAS FARM BUREAU FEDERATION
PO BOX 31LITTLE ROCKAR72203710242776AGRICULTURAL ADVOCACY AND INFORMATION SHARINGAR501(C)(5)0

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
FARM BUREAU BUILDING INC
PO BOX 31LITTLE ROCKAR72203716055307RENTALARARKANSAS FARM BUREAU FEDERATIONC0
ARKANSAS FARM BUREAU INVESTMENT CORPORATION
PO BOX 31LITTLE ROCKAR72203716050687INVESTMENTSARARKANSAS FARM BUREAU FEDERATIONC0
ARKANSAS CASUALTY INVESTMENT CORPORATION
PO BOX 31LITTLE ROCKAR72203716050686INVESTMENTSARARKANSAS FARM BUREAU FEDERATIONC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ARKANSAS FARM BUREAU INVESTMENT CO
C$70,000ACTUAL
ARKANSAS FARM BUREAU FEDERATION
C$380,000ACTUAL

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.