2011-07-28T09:16:34-05:00 2010-12-31 990 2010-01-01 540419002 VIRGINIA FARM BUREAU FEDERATION VIRG 8042901000 P O BOX 27552 RICHMOND VA 232617552 WAYNE F PRYOR 8042901000 2011-07-28 2010 2016-02-24 21:20:13Z WAYNE F PRYOR P O BOX 27552 RICHMOND VA 232617552 16754024 0 X VAFB.COM X 1926 VA ENHANCING THE AGRICULTURAL INTERESTS OF MEMBERS THROUGH ECONOMIC, POLITICAL & SOCIAL PROGRAMS. 18 17 128 800 537554 0 0 0 2977484 2970677 3174818 4291960 3180663 3235136 9332965 10497773 53636 38100 0 0 5505045 6445262 0 0 0 3453909 3132602 9012590 9615964 320375 881809 37713065 38593403 18339752 17260441 19373313 21332962 X WE WILL ENHANCE, PRIMARILY THROUGH ADVOCACY, EDUCATION AND COMMUNICATION, THE AGRICULTURAL INTERESTS OF FARM BUREAU MEMBERS THROUGH ECONOMIC, POLITICAL AND SOCIAL PROGRAMS. 0 0 A MAGAZINE FOR PRODUCER MEMBERS, FARM BUREAU NEWS, IS PUBLISHED SIX TIMES A YEAR. A MAGAZINE FOR ASSOCIATE MEMBERS, CULTIVATE, IS PUBLISHED FOUR TIMES A YEAR. THE PURPOSE OF THE FARM BUREAU NEWS IS TO KEEP PRODUCER MEMBERS (FARMERS) ABREAST AND AWARE OF AGRICULTURAL ISSUES AND PROVIDE THEM WITH EDUCATIONAL MATERIALS. THE PURPOSE OF CULTIVATE IS TO PROMOTE THE IMPORTANCE OF AGRICULTURE TO OUR ASSOCIATE (NON-FARMER) MEMBERS. A MONTHLY TELEVISION PROGRAM, DOWN HOME VIRGINIA, IS PRODUCED 12 TIMES A YEAR AND AIRS ON 46 LOCAL ACCESS, GOVERNMENT ACCESS, NETWORK AFFILIATE STATIONS AND THE DISH AND DIRECT TV SATELLITE NETWORKS. THE PURPOSE IS TO PROMOTE THE IMPORTANCE OF AGRICULTURE. PROMOTIONAL SUPPORT IS PROVIDED TO COUNTY FARM BUREAUS THROUGH THE COUNTY NEWSLETTER PROGRAM, AS WELL AS THE DESIGN AND WRITING OF BROCHURES, AND THE DESIGN AND WRITING OF PRINT AND RADIO ADS. THE FEDERATION ALSO PROVIDES MEDIA RELATIONS TRAINING AND SUPPORT TO COUNTY FARM BUREAUS. A SPECIALLY TRAINED STAFF PROMOTES THE ORGANIZATION'S INTERESTS IN THE STATE AND FEDERAL LEGISLATIVE PROCESS THROUGH MEDIA RELATIONS AND PROMOTIONAL TECHNIQUES SUCH AS WEB SITES AND PUBLIC RELATIONS EVENTS. COMMODITY SERVICES WOMEN & YOUNG FARMERS PROGRAMS GROUP PURCHASING PROGRAM DEVELOPMENT MARKETING SERVICES 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 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 0 0 1 128 0 1 128 1 1 1 0 0 0 0 0 X 18 17 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 0 X DAVID PRIDDY 8042901000 12580 WEST CREEK PARKWAY RICHMOND VA 23238 WAYNE F PRYOR 40.00 X X 241743 0 25142 EDWARD A SHARER 2.00 X X 5170 0 17293 ARCHIE B ATWELL 2.00 X 14127 0 3696 JANICE A BURTON 2.00 X 8850 0 10314 EMILY F EDMONDSON 2.00 X 14371 0 3215 MARVIN L EVERETT JR 2.00 X 488 0 17709 THOMAS E GRAVES JR 2.00 X 12829 0 4822 DAVID L HICKMAN 2.00 X 15586 0 3961 EVELYN H JANEY 2.00 X 7957 0 10509 JORDAN M JENKINS 2.00 X 244 0 21671 GORDON R METZ 2.00 X 12161 0 7552 SSTEPHEN L SAUFLEY 2.00 X 13966 0 3679 H CARL TINDER SR 2.00 X 15914 0 0 PETER A TRUBAN 2.00 X 4921 0 12907 JOSEPH H WILLIAMS 2.00 X 15164 0 0 HENRY E WOOD JR 2.00 X 4183 0 14883 ROBERT C HARRIS 2.00 X 3713 0 0 WILLIAM E WALTON 2.00 X 3213 0 0 JONATHAN S SHOUSE 40.00 X 131120 0 20459 JEFFREY W DILLON 4.00 X 0 0 0 DAVID A PRIDDY 4.00 X 0 0 0 PEGGY L MCCLELLAND 4.00 X 0 0 0 GREGORY K HICKS 40.00 X 125748 0 13175 ALBERT K GLASS 40.00 X 126966 0 14545 MARTHA A MOORE 40.00 X 135834 0 22884 JAMES B LOWERY III 40.00 X 118249 0 14380 DOUGLAS STOUGHTON 40.00 X 113178 0 13646 ROBERT E HALL 2.00 X 12155 0 3202 JAMES A YANKEY 2.00 X 488 0 14519 1158338 0 274163 7 1 1 0 0 MEMBERSHIP DUES 110000 2970677 2970677 2970677 4291960 4291960 2591694 2591694 1198250 744950 453300 453300 453300 5511301 5511301 0 0 1048 1048 1048 MISCELLANEOUS 110000 104840 104840 ADVERTISING INCOME 541800 84254 84254 189094 10497773 2970677 537554 6989542 38100 483966 4788028 67773 853273 252222 17337 32364 10610 455114 84260 382023 366634 2252 165010 19 599608 208248 12506 PRINTING & PUBLICATIONS 279892 EQUIPMENT RENT & MAINTE 237574 YOUNG FARMER ACTIVITIES 87531 TELEPHONE 76694 WOMEN'S ACTIVITIES 71037 43889 9615964 1386842 1260131 1811345 1124685 871579 978127 134 104543 93620 1599589 947890 843344 651699 12491416 14148864 2544849 2401431 17659013 17934846 37713065 38593403 3603660 3166428 1557296 1525053 12287947 11427434 890849 1141526 18339752 17260441 X 10236068 11422570 9131379 9903496 5866 6896 19373313 21332962 37713065 38593403 X 881809 1077840 X X 0 0 0 276653 1322936 947890 651699 651699 663000 C MORTGAGE LOANS 1738431 C 2401431 DEFERRED LOAN COSTS 65311 NET INVESTMENT IN DIRECT FINANCING LEASE 13868483 DUE FROM AFFILIATES 4001052 17934846 ACCRUED POST RETIREMENT BENEFITS 1141526 1141526 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY ADOPTED THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AS OF JANUARY 1, 2009. THE COMPANY ANALYZED FILING POSITIONS IN ALL OF THE FEDERAL AND STATE JURISDICTIONS WHERE IT IS REQUIRED TO FILE INCOME TAX RETURNS, AS WELL AS ALL OPEN TAX YEARS IN THESE JURISDICTIONS. THE PERIODS SUBJECT TO EXAMINATION FOR THE COMPANY'S FEDERAL AND STATE RETURNS ARE THE 2007, 2008, 2009, AND 2010 TAX YEARS. THE COMPANY DID NOT HAVE ANY UNCERTAIN TAX BENEFITS AND THERE WAS NO EFFECT ON THE COMPANY'S FINANCIAL CONDITION OR RESULTS OF OPERATIONS AS A RESULT OF IMPLEMENTING THE AUTHORITATIVE GUIDANCE. IT IS THE COMPANY'S POLICY TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX BENEFITS AS A COMPONENT OF INCOME TAX EXPENSE. AS OF THE DATE OF ADOPTION OF THE FASB'S AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAIN TAX POSITIONS AND AS OF DECEMBER 31, 2010, THE COMPANY DID NOT HAVE ACCRUED INTEREST OR PENALTIES ASSOCIATED WITH ANY UNCERTAIN TAX BENEFITS, NOR WAS ANY INTEREST EXPENSE RECOGNIZED DURING THE YEAR ENDED DECEMBER 31, 2010. 1 VIRGINIA FFA FOUNDATION 204 LITTON REAVES HALL BLACKSBURG VA 24061 541291124 501(C)(3) 5000 GENERAL SUPPORT 1 0 X X X 0 1 0 WAYNE F PRYOR 196253 0 40917 0 4573 0 17456 0 7686 0 266885 0 0 0 JONATHAN S SHOUSE 104006 0 18018 0 9096 0 13115 0 7344 0 151579 0 0 0 MARTHA A MOORE 113560 0 19863 0 2411 0 13098 0 9786 0 158718 0 0 0 ROBERT E HALL 12155 0 0 0 0 0 3202 0 0 0 15357 0 0 0 JAMES A YANKEY 488 0 0 0 0 0 14519 0 0 0 15007 0 0 0 PART I, LINE 4B WAYNE PRYOR $16,500 ARCHIE ATWELL $1,543 JANICE BURTON $7,620 EMILY EDMONDSON $1,543 MARVIN EVERETT $15,426 THOMAS GRAVES $3,085 ROBERT E. HALL $1,296 DAVID HICKMAN $1,677 EVELYN JANEY $7,713 JERRY JENKINS $16,626 GORDON METZ $5,003 STEPHEN SAUFLEY $1,498 EDWARD SHARER $13,250 PETER TRUBMAN $10,993 HENRY WOOD $11,732 JAMES YANKEY $12,963 MARTHA MOORE $9,620 FORM 990, PART VI, SECTION A, LINE 6 THE VIRGINIA FARM BUREAU FEDERATION HAS 88 MEMBERS. THIS IS A FEDERATION OF THE COUNTY FARM BUREAUS IN VIRGINIA. EACH COUNTY FARM BUREAU IS AN AUTONOMOUS BODY RUN BY ITS OWN MEMBERS AND BOARDS OF DIRECTORS. EACH COUNTY FARM BUREAU HAS APPROVED JOINING WITH THE VIRGINIA FARM BUREAU FEDERATION AND THE OTHER COUNTY FARM BUREAUS IN VIRGINIA TO FORM THIS FEDERATION TO BETTER SERVE THE MEMBERS OF ALL FARM BUREAUS IN VIRGINIA. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE GOVERNING BODY ARE ELECTED BY THE MEMBERS OF THE ORGANIZATION. VOTING STRENGTH OF THE MEMBERS IS DETERMINED BY THE NUMBER OF PRODUCER MEMBERS WITHIN EACH COUNTY FARM BUREAU. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE VIRGINIA FARM BUREAU FEDERATION (88 COUNTY FARM BUREAUS) HAVE THE AUTHORITY TO, AND DO, ELECT ALL THE MEMBERS OF THE BOARD OF DIRECTORS. EACH COUNTY FARM BUREAU SENDS THEIR VOTING REPRESENTATIVES TO A MEETING OF THE FEDERATION. REPRESENTATIVES FROM EACH COUNTY FARM BUREAU IN A DISTRICT NOMINATE A PERSON TO SIT ON THE BOARD BUT THE ELECTION IS DECIDED BY ALL REPRESENTATIVES OF THE COUNTY FARM BUREAUS VOTING IN ONE PLACE AT ONE TIME TO ELECT ALL MEMBERS OF THE GOVERNING BODY (THE BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7B THE ONLY DECISIONS OF THE GOVERNING BODY (BOARD OF DIRECTORS) WHICH ARE SUBJECT TO THE APPROVAL OF THE MEMBERS ARE THOSE TO CHANGE THE BYLAWS OF THE FEDERATION. THE BOARD OF DIRECTORS CAN AMEND THE BYLAWS BUT ANY AMENDMENT IS SUBJECT TO RATIFICATION BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES OF THE BOARD WITH AUTHORITY TO ACT IN THE PLACE OF THE BOARD. ALL STANDING COMMITTEES ARE ADVISORY TO THE BOARD AND ARE NOT CHARGED WITH AUTHORITY TO ACT. MINUTES OF MEETINGS OF ADVISORY COMMITTEES OF THE BOARD OF DIRECTORS ARE RECORDED CONTEMPORANEOUSLY AND PRESENTED TO THE NEXT COMMITTEE MEETING WITH ANY COMMITTEE RECOMMENDATIONS REPORTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 A COPY OF THE FORM 990 IS PROVIDED TO THE MEMBERS OF THE BOARD OF DIRECTORS' BUDGET AND AUDIT COMMITTEE BEFORE IT IS FILED. THEY ARE PROVIDED A REVIEW BY MANAGEMENT STAFF AND GIVEN AN OPPORTUNITY TO ASK ANY QUESTIONS. BEFORE COMPLETING THE FORM 990 ALL OFFICERS OF THE ORGANIZATION WITH SPECIAL KNOWLEDGE IN THE VARIOUS AREAS COVERED BY THE FORM 990 QUESTIONS ARE ASKED FOR THEIR REVIEW AND CONFIRMATION OF ACCURACY IN THE REPORT. A COPY OF THE FORM 990 IS MAINTAINED BY THE SECRETARY FOR THE REVIEW OF ANY MEMBERS OF THE BOARD OF DIRECTORS WHO WISHES TO REVIEW THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE VIRGINIA FARM BUREAU'S BOARD-APPROVED WRITTEN CONFLICT OF INTEREST POLICY IS READ AND SIGNED BY EACH MEMBER OF THE BOARD OF DIRECTORS, EACH OFFICER, AND EACH KEY STAFF AT LEAST ONCE EACH CALENDAR YEAR. COPIES ARE KEPT ON FILE BY THE SECRETARY. ANY FORMS THAT ARE SIGNED WITH THE NOTATION OF "WITH EXCEPTION" ARE PRESENTED TO THE CHIEF EXECUTIVE OFFICER FOR HIS REVIEW AND INITIALS. IF A MANAGEMENT DECISION IS NEEDED IN AN AREA WHERE A KEY EMPLOYEE HAS SIGNED THEIR FORM AS "WITH EXCEPTION" THAT EMPLOYEE IS EXPECTED TO REPORT THAT SITUATION TO THEIR IMMEDIATE SUPERVISOR, FROM THERE IT IS TO BE RECORDED AND THEN REPORTED TO THE HUMAN RESOURCES VICE PRESIDENT OR SENIOR MANAGEMENT IF CONSIDERED MATERIAL BY THE HUMAN RESOURCES VICE PRESIDENT. THE CHIEF EXECUTIVE OFFICER ALSO CHAIRS ALL OF THE BOARD MEETINGS AND HAS KNOWLEDGE OF EACH DIRECTOR'S "EXCEPTIONS" FOR SIGNED/REPORTED CONFLICTS. THE CHIEF EXECUTIVE OFFICER WILL ASK A DIRECTOR TO REPORT THAT CONFLICT OR POSSIBLE CONFLICT TO THE BOARD BEFORE VOTING, OR BE ASKED TO RECUES THEMSELVES FROM A VOTE INVOLVING A POSSIBLE CONFLICT. EITHER ACTION WOULD BE RECORDED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICE OF PRESIDENT OF THE VIRGINIA FARM BUREAU FEDERATION IS AN ELECTED POSITION. PERIODICALLY, HUMAN RESOURCES SENDS THE BUDGET AND AUDIT COMMITTEE THE PRESIDENT'S CURRENT SALARY, THE SALARY RANGE OF THE POSITION, AND THE AVERAGE SUGGESTED INCREASE PERCENTAGE FOR EXECUTIVES BASED ON SALARY SURVEY DATA. THE SALARY IS REVIEWED AND THE INCREASE IS RECOMMENDED BY THE COMPANY'S BUDGET AND AUDIT COMMITTEE WHICH IS MADE UP OF THREE OF THE EIGHTEEN BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE RECOMMENDATION OF THE BUDGET AND AUDIT COMMITTEE. THIS PROCESS IS REVIEWED DURING THE EXECUTIVE SESSION OF THE BOARD OF DIRECTORS. THE SECRETARY OF THE COMPANY HAS RECORDED MINUTES OF THE SALARY APPROVAL. THIS IS AN ANNUAL PROCESS WHICH OCCURS DURING THE FOUTH QUARTER OF THE YEAR AND THE SALARY IS EFFECTIVE JANUARY 1 OF THE FOLLOWING YEAR. THE OFFICE OF THE SECRETARY OF THE VIRGINIA FARM BUREAU FEDERATION IS AN APPOINTED POSITION. A MARKET STUDY USING SALARY SURVEY DATA IS COMPLETED BY HUMAN RESOURCES TO DETERMINE THE APPROPRIATE SALARY RANGE FOR THE POSITION. THIS WAS MOST RECENTLY COMPLETED IN 2007. AN ANNUAL PERFORMANCE REVIEW PROCESS (PPR) IS DONE AND THE MERIT INCREASE IS DETERMINED BASED ON THE PPR SCORE. THE PRESIDENT WILL THEN SUBMIT THE REQUESTED SALARY INCREASE TO HUMAN RESOURCES FOR PROCESSING. DOCUMENTATION OF THE PPR RATING AND REQUESTED SALARY INCREASE IS MAINTAINED IN HUMAN RESOURCES. THIS IS AN ANNUAL PROCESS WHICH TAKES PLACE IN THE FOURTH QUARTER OF THE YEAR WITH SALARY INCREASES EFFECTIVE JANUARY 1 OF THE FOLLOWING YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE VIRGINIA FARM BUREAU FEDERATION IS NOT REQUIRED TO PROVIDE THE GENERAL PUBLIC WITH ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS. AS A MEMBERSHIP ORGANIZATION WITH 88 MEMBERS OF THE FEDERATION (MEMBERS ARE THE COUNTY FARM BUREAUS BASED IN COUNTIES IN VIRGINIA) AND THROUGH THE COUNTY FARM BUREAUS SERVING OVER 149,900 FAMILY MEMBERSHIPS, WE WILL PROVIDE TO A MEMBER ACCESS TO THE GOVERNING DOCUMENTS, LISTS OF MEMBERS, FINANCIAL INFORMATION AND MINUTES. A MEMBER MUST SUBMIT THEIR REQUEST TO THE SECRETARY IN WRITING ALLOWING UP TO 10 DAYS FOR ACCESS. A REASON MUST BE GIVEN FOR THE REQUEST AND THE DOCUMENTS REQUESTED MUST HAVE RELEVANCE TO THE REASON. AT THE ANNUAL MEETING OF THE VIRGINIA FARM BUREAU FEDERATION FINANCIAL STATEMENTS ARE PROVIDED TO ALL MEMBERS AS WELL AS COPIES OF THE GOVERNING DOCUMENTS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,096,609. LOSS ON IMPAIRMENT OF INVESTMENTS -18,769. TOTAL TO FORM 990, PART XI, LINE 5: 1,077,840. AUDIT OF FINAINCIAL STATEMENTS FORM 990, PART XI, LINE 2B THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED AS THE PARENT OF A CONSOLIDATED GROUP OF COMPANIES. BUDGET AND AUDIT COMMITTEE FORM 990, PART XI, LINE 2C THE BUDGET AND AUDIT COMMITTEE ASSUMES RESONSIBILITY FOR OVERSITE OF THE AUDIT OF THE FINANCIAL STATEMENTS AND RECOMMENDS THE SELECTED AUDITOR TO THE FULL BOARD OF DIRECTORS FOR APPROVAL AND APPOINTMENT. TOBIO LLC 12580 WEST CREEK PARKWAY RICHMOND VA 23238 541973793 SUPPORT OF TRANGENIC TOBBACO (INACTIVE) VA UNRELATED -7 659 0 1 VIRGINIA FARM BUREAU HOLDING CORPORATION 12580 WEST CREEK PARKWAY RICHMOND VA 23238 540929947 HOLDING COMPANY VA C 3757975 1276334 1.00000 VIRGINIA FARM BUREAU SERVICE CORPORATION 12580 WEST CREEK PARKWAY RICHMOND VA 23238 540796340 INSURANCE BROKER VA VIRGINIA FARM BUREAU HOLDING COPORATION C 1855494 5618307 VIRGINIA FARM BUREAU INSURANCE AGNCY INC 12580 WEST CREEK PARKWAY RICHMOND VA 23238 540929948 INSURANCE BROKER VA VIRGINIA FARM BUREAU HOLDING COPORATION C -49235 767263 EMPLOYEES BENFIT CORPORATION OF AMERICA 12580 WEST CREEK PARKWAY RICHMOND VA 23238 542015926 INSURANCE BROKER VA VIRGINIA FARM BUREAU HOLDING COPORATION C 6660859 10800746 CUSTOM HEALTH CARE INC 12580 WEST CREEK PARKWAY RICHMOND VA 23238 030382095 INSURANCE BROKER VA VIRGINIA FARM BUREAU HOLDING COPORATION C 24996 46722 ORGANIZATIONAL MANAGEMENT INC 12580 WEST CREEK PARKWAY RICHMOND VA 23238 412071427 MARKETING SERVICE VA VIRGINIA FARM BUREAU HOLDING COPORATION C -69082 104552 VIRGINIA FARM BUREAU MARKETING ASSOCIATION 12580 WEST CREEK PARKWAY RICHMOND VA 23238 540700947 AGRICULTURAL SERVICE VA C -1776 10089 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VIRGINIA FARM BUREAU HOLDING CORPORATION A 2172 VIRGINIA FARM BUREAU SERVICE CORPORATION A 1026722 VIRGINIA FARM BUREAU INSURANCE AGENCY INC A 1188 EMPLOYEE BENEFITS CORPORATION OF AMERICA A 738 CUSTOM HEALTH CARE INC A -57 VIRGINA FARM BUREAU MARKETING ASSOCIATION A -14