Civic Intelligence

Kansas Farm Bureau

990 • Fiscal year 2020 • EIN 48-0546988

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 08, 2020

2627 Kfb PlazaManhattan, KS 66503-8154

(785) 587-6000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

17th percentile

0.01x

Higher debt load relative to assets than 17% of similar nonprofits.

2020 filings • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

17th percentile

0.04x

Higher debt load relative to revenue than 17% of similar nonprofits.

2020 filings • $100M-$250M nonprofits • Source year 2020

Net Margin

83rd percentile

30%

Higher net margin than 83% of similar nonprofits.

2020 filings • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$358,819

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2020 filings • $100M-$250M nonprofits • Source year 2020

Asset Growth

43rd percentile

4.0%

Faster asset growth than 43% of similar nonprofits.

2020 filings • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

35%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$100,839,836

Up $3,847,067 (+4.0%) from 2019

Net Assets

Up

$100,294,058

Up $4,000,054 (+4.2%) from 2019

Liabilities

Down

$545,778

Down $152,987 (-22%) from 2019

Revenue

Up

$13,311,263

Up $3,464,504 (+35%) from 2019

Expenses

Down

$9,311,209

Down $317,096 (-3.3%) from 2019

Net Income

Up

$4,000,054

Up $3,781,600 (+1731%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $94,472,951Liabilities 2011: $581,915Net Assets 2011: $93,891,0362011Assets 2012: $95,168,788Liabilities 2012: $933,499Net Assets 2012: $94,235,2892012Assets 2013: $91,438,122Liabilities 2013: $439,777Net Assets 2013: $90,998,3452013Assets 2014: $90,162,914Liabilities 2014: $462,358Net Assets 2014: $89,700,5562014Assets 2015: $91,003,097Liabilities 2015: $729,016Net Assets 2015: $90,274,0812015Assets 2016: $90,959,982Liabilities 2016: $704,468Net Assets 2016: $90,255,5142016Assets 2017: $92,553,814Liabilities 2017: $540,483Net Assets 2017: $92,013,3312017Assets 2018: $97,059,029Liabilities 2018: $983,479Net Assets 2018: $96,075,5502018Assets 2019: $96,992,769Liabilities 2019: $698,765Net Assets 2019: $96,294,0042019Assets 2020: $100,839,836Liabilities 2020: $545,778Net Assets 2020: $100,294,0582020Assets 2021: $110,475,044Liabilities 2021: $697,337Net Assets 2021: $109,777,7072021Assets 2022: $113,719,164Liabilities 2022: $901,913Net Assets 2022: $112,817,2512022Assets 2023: $112,212,429Liabilities 2023: $747,158Net Assets 2023: $111,465,2712023Assets 2024: $115,529,059Liabilities 2024: $756,521Net Assets 2024: $114,772,5382024Assets 2025: $120,232,760Liabilities 2025: $880,691Net Assets 2025: $119,352,0692025

Highlighted filing

2020

Assets$100,839,836
Liabilities$545,778
Net Assets$100,294,058

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10MExpenses 2011: $9,217,0032011Expenses 2012: $9,470,1352012Revenue 2013: $7,124,952Expenses 2013: $10,361,896Net Income 2013: -$3,236,9442013Revenue 2014: $7,803,446Expenses 2014: $9,101,235Net Income 2014: -$1,297,7892014Revenue 2015: $9,723,257Expenses 2015: $9,149,732Net Income 2015: $573,5252015Revenue 2016: $9,186,549Expenses 2016: $9,205,116Net Income 2016: -$18,5672016Revenue 2017: $11,067,793Expenses 2017: $9,309,976Net Income 2017: $1,757,8172017Revenue 2018: $14,206,812Expenses 2018: $10,144,593Net Income 2018: $4,062,2192018Revenue 2019: $9,846,759Expenses 2019: $9,628,305Net Income 2019: $218,4542019Revenue 2020: $13,311,263Expenses 2020: $9,311,209Net Income 2020: $4,000,0542020Revenue 2021: $19,427,246Expenses 2021: $9,943,597Net Income 2021: $9,483,6492021Revenue 2022: $13,754,272Expenses 2022: $10,714,728Net Income 2022: $3,039,5442022Revenue 2023: $10,363,416Expenses 2023: $11,715,396Net Income 2023: -$1,351,9802023Revenue 2024: $16,250,145Expenses 2024: $12,942,878Net Income 2024: $3,307,2672024Revenue 2025: $17,364,333Expenses 2025: $12,784,802Net Income 2025: $4,579,5312025

Highlighted filing

2020

Revenue$13,311,263
Expenses$9,311,209
Net Income$4,000,054
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 8, 2020
Return Version
2019v5.0
Gross Receipts
$62,115,952
Mission and Program Overview

Mission

Kansas farm bureau exists to strengthen agriculture and the lives of kansans through advocacy, education, and service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$96,294,004$100,294,058▲ $4,000,054
Investments in Publicly Traded Securities$76,350,501$80,534,479▲ $4,183,978
Savings and Temporary Cash Investments$2,915,806$4,230,651▲ $1,314,845
Cash and Non-Interest-Bearing Accounts$833,979$1,260,992▲ $427,013
Land, Buildings, and Equipment, Net$959,540$876,605▼ $82,935
Accounts Receivable$730,491$705,875▼ $24,616
Prepaid Expenses and Deferred Charges$225,096$194,250▼ $30,846
Inventories for Sale or Use$80,951$84,202▲ $3,251
Investments Other Securities$80,000$80,000→ $0
Total Assets$96,992,769$100,839,836▲ $3,847,067
Other Assets Total$14,816,405$12,872,782▼ $1,943,623
Liabilities
Accounts Payable and Accrued Expenses$593,648$425,163▼ $168,485
Deferred Revenue$105,117$120,615▲ $15,498
Total Liabilities$698,765$545,778▼ $152,987
Net Assets / Fund Balance
Total Net Assets Fund Balance$96,294,004$100,294,058▲ $4,000,054
Total Liabilities and Net Assets / Fund Balance$96,992,769$100,839,836▲ $3,847,067

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$130,466$730,708$861,174
Land$605,536-$605,536
Buildings$140,603$254,475$395,078
Other Assets Org$1,137,989--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terry HoldrenCEO/sec/lega--$358,819$358,819
Wendee GradyDirector of LegalFT$142,537$31,287$173,824
Terry HoldrenCEO/sec/legal-$125,323$48,501$173,824
Ryan FlicknerSr DirectorFT$135,122$33,285$168,407
Richard FeltsPresident-$118,663$49,744$168,407
Holly HigginsDirector of Org.FT$128,132$39,534$167,666
Carol Sherley-daysTreasurer-$109,697$57,969$167,666
Michael MatsonDirector of IndusFT$124,564$30,760$155,324
Wendee GradyDirector of Legal Found.-$108,450$46,874$155,324
Brett AdamsAsst Treas--$125,365$125,365
Jeffery GrossenbacherDirector--$24,250$24,250
Glenn BrunkowDirector--$20,300$20,300
Steven MccloudDirector--$20,250$20,250
Joseph JuryDirector--$20,050$20,050
Stacey ForsheeDirector--$19,900$19,900
Douglas ZillingerDirector--$19,850$19,850
Keith MillerDirector--$19,850$19,850
Marieta HauserDirector--$19,850$19,850
George PretzDirector--$19,750$19,750
James SipesDirector--$19,700$19,700
Kevin HolleDirector--$19,650$19,650
Joseph NewlandDirector--$12,800$12,800
Dan SchmidtDirector--$1,500$1,500
Jim SchmidtDirector--$1,500$1,500
Tim TysonDirector--$1,500$1,500

Board Members and Trustees

NameTitle
Michael MatsonDirector of Indust Affair
Holly HigginsDirector of Org. Develop
Ryan FlicknerSr Director Advocacy
Dan StromSr Director of It

Highest Paid Contractors

ContractorServicesLocationCompensation
Mittera GroupPrintingPO BOX 310471, Des Moines, IA 50331$209,151
Devine Donley & Murray Gov Aff LLCLobbying534 S KANSAS AVE SUITE 830, Topeka, KS 66603$150,000
Weil Advertising And MarketingMarketing6021 SW 29TH ST STE A 332, Topeka, KS 66614$142,484
Revenue and Support

Revenue Composition

Contributions and Grants
$2,499,141
Program Service Revenue
$200,799
Investment Income
$6,161,947
Other Revenue
$4,449,376
Change in Net Assets
$4,000,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,698,910
Salaries, Compensation, and Employee Benefits$3,612,299
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,723,485
Payments to Affiliates---$2,279,003
Other Employee Benefits---$416,655
Occupancy---$270,011
Pension Plan Contributions---$262,632
Payroll Taxes---$209,527
Travel---$166,376
Depreciation Depletion---$147,571
Other Expenses---$120,663
All Other Expenses---$87,700
Fees for Services Accounting---$60,324
Office Expenses---$58,385
Information Technology---$37,322
Insurance---$20,717
Fees for Services Legal---$-1,132
Total Functional Expenses$0$0$0$9,311,209
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization has members

Form 990, Page 6, Part VI, Line 7A

The organization has members who may elect one or more members of the governing body.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 is provided to each officer and director. A member of the accounting staff and/or the paid preparer reviews the complete form 990 with the audit committee. The audit committee presents a summary to the complete board. If a member of the board is unable to attend the form 990 review, they will be provided a copy at the next board meeting.

Form 990, Page 6, Part VI, Line 12C

All officers, directors, managers, executives and administrative staff will annually disclose or update to the president of the board of directors (on a form provided by the organization), their interests that could give rise to conflicts of interest. The interests include, but are not limited to, a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members. For each interest disclosed to the president, the president will determine whether to: (a) take no action; (b) assure full disclosure to the board of directors and other individuals covered by the policy; (c) ask the person to excuse themselves from participation in related discussions or decisions within the organization; or (d) ask the person to resign from his or her position in the organization, or if the person refuses to resign, become subject to possible removal in accordance with the organization's removal procedures. The organization's ceo/general counsel will monitor proposals or ongoing transactions for conflicts of interest and disclose them to the president in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Page 6, Part VI, Line 15A

The president and ceo/general counsel of kansas farm bureau are covered by the policy on the process for evaluating performance and determining compensation. Evaluation and goal setting. Each august the executive committee of the board will meet with each member of the leadership team to review prior performance and develop goals for the coming year. Said goals will be reduced to writing and agreed to by both the leadership team member and the executive committee of the board. The document will be submitted for approval by the entire kfb board. Quarterly review. At a quarterly meeting of the executive committee of the board, goals and progress will be reviewed. This meeting will facilitate open dialogue between members of the leadership team and the board through the executive committee. Any issues or areas of concern may be shared with the entire board. Evaluation and future goal settings. The following august, the executive committee of the board evaluates the leadership team and gives the summaries to the vice president of the board for presentation to the full board for informational purposes. During this evaluation process the leadership team and the executive committee will assess and develop goals for the coming year. Salary. Following discussion of annual goals and progress, the executive committee will review and develop a salary recommendation for presentation to the full board for approval and presentation to members of the leadership team. Use of survey data. The director of accounting/human resources is responsibile for using survey data of comparable positions for the evaluation of the market ranges for the kansas farm bureau leadership team members. (note: there is no published survey data available for the president of kansas farm bureau.) there are no conflicts of interests that exist with the person that reviews the data and makes the market range recommendation to the board or a committee of the board. Review of salary and market ranges. The executive committee of the board reviews current salaries and the upcoming year's market ranges. Recommendation of salary. The executive committee reports to the full board on salaries for the president and ceo/general counsel for the upcoming year.

Form 990, Page 6, Part VI, Line 15B

A similar process to that described in question 15a is used for other officers and key employees.

Form 990, Page 6, Part VI, Line 19

Kansas farm bureau does not currently make its governing documents, conflict of interest policy, or financial statements available to the general public.

Form 990, Part VII

Richard felts - 40 hours minimum per week devoted to this organization and related organizations carol sherley-days - 40 hours minimum per week devoted to this organization and related organizations terry holdren - 40 hours minimum per week devoted to this organization and related organizations wendee grady - 40 hours minimum per week devoted to this organization and related organizations holly higgins - 40 hours minimum per week devoted to this organization and related organizations ryan flickner - 40 hours minimum per week devoted to this organization and related organizations michael matson - 40 hours minimum per week devoted to this organization and related organizations dan strom - 40 hours minimum per week devoted to this organization and related organizations

Filing and Contact Details

Filer

Filer Name
Kansas Farm Bureau
EIN
48-0546988
Phone
7855876000
Address
2627 KFB PLAZA, MANHATTAN, KS 66503-8154

Signing Officer

Name
Terry Holdren
Title
CEO/sec/legal
Phone
7855876000
Signed
2020-12-08

Organization Details

Principal Officer
Terry Holdren
Formed
1931
Legal Domicile
Ks
Voting Board Members
13
Independent Board Members
13
Employees
51
Volunteers
1,100

Preparer

Firm
Sink Gordon & Associates Llp
Address
727 POYNTZ AVE STE 601, MANHATTAN, KS 66502
Preparer
James L Gordon
Phone
7855370190
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4B

Kansas farm bureaus farm leader letter is a hard copy newsletter that keeps voting members informed on issues that impact their farms and ranches. From oct. 1, 2019, to sept. 30, 2020, the leader letter was published 10 times. New in 2020, kfbs a four-page farm leader letter spread appeared within each issue of the quarterly kansas living magazine. For the months february, may, august and november, fll reached approximately 75,000 farm bureau members in kansas per kansas living issue. For the remaining months, fll reached an average of 30,000 households per publication. Every issue contains updates on legislative action that impacts kansas farmers and ranchers as well as important updates and information regarding their farm organization. Kansas farm bureaus kansas living magazine is published quarterly and reaches more than 75,000 farm bureau members in kansas. From oct. 1, 2019, to sept. 30, 2020, the magazine was published four times. Each issue contains recipes the whole family can enjoy, events and places to visit in kansas and interesting farmer agricultural stories.

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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIR OF ORG.
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IRS990/ProgSrvcAccomActy3Grp/Desc0KANSAS FARM BUREAU'S VOICE OF AGRICULTURE RADIO PROGRAM IS A BROADCAST-DELIVERED COMMUNICATIONS PROGRAM THAT REACHES ALL 105 COUNTIES THROUGHOUT KANSAS. THE VOA MESSAGE SPONSORED BY THE FARMERS AND RANCHERS OF KANSAS FARM BUREAU PROVIDES OUR TARGET LISTENERS (ADULTS 18+) WITH RELEVANT AGRICULTURE-RELATED INFORMATION AND ISSUES. THE AUDIO PROGRAMS PROVIDE TARGET LISTENERS WITH VITAL NATIONAL AND STATEWIDE AGRICULTURE NEWS AND ISSUES THAT IMPACT AGRICULTURE AND THE LIVES OF PEOPLE ACROSS KANSAS. THE AUDIO PROGRAMS ARE AIRED FIVE DAYS PER WEEK (M-F), 52 WEEKS, 40,000 TIMES PER YEAR (MINIMUM). THE PROGRAMS AIR BETWEEN 6 A.M. AND 7 P.M. ACROSS THE STATE. RUNNING ON 100+ STATIONS THROUGHOUT KANSAS THIS MESSAGE WILL REACH ON AVERAGE OVER 1 MILLION PEOPLE THIS YEAR.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$120$0.88$119$17.4$12.8$4.58
2024Detailed filing. Detailed filing data is available for this year.$116$0.76$115$16.3$12.9$3.31
2023Detailed filing. Detailed filing data is available for this year.$112$0.75$111$10.4$11.7$1.35
2022Detailed filing. Detailed filing data is available for this year.$114$0.90$113$13.8$10.7$3.04
2021Detailed filing. Detailed filing data is available for this year.$110$0.70$110$19.4$9.94$9.48
2020Detailed filing. Detailed filing data is available for this year.$101$0.55$100$13.3$9.31$4.00
2019Detailed filing. Detailed filing data is available for this year.$97.0$0.70$96.3$9.85$9.63$0.22
2018Detailed filing. Detailed filing data is available for this year.$97.1$0.98$96.1$14.2$10.1$4.06
2017Detailed filing. Detailed filing data is available for this year.$92.6$0.54$92.0$11.1$9.31$1.76
2016Detailed filing. Detailed filing data is available for this year.$91.0$0.70$90.3$9.19$9.21$0.02
2015Detailed filing. Detailed filing data is available for this year.$91.0$0.73$90.3$9.72$9.15$0.57
2014Detailed filing. Detailed filing data is available for this year.$90.2$0.46$89.7$7.80$9.10$1.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.4$0.44$91.0$7.12$10.4$3.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.2$0.93$94.2$9.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.5$0.58$93.9$9.22