Grayson County Farm Bureau

“An executive committee, when appointed, has the authority to conduct affairs of the organization between regular board meetings, but the committee is under the direct supervision of the board of directors at all times, and all actions of the committee must be ratified at the following board of directors meeting.”

“Members”

“All members are the same class and are invited to the annual membership meeting where directors are elected.”

“The form 990 is reviewed by the president prior to filing and all directors review at the board meeting subsequent to its filing.”

“Pt VI, Line 15: No officers or directors receive any compensation; therefore, no compensation review is needed.”

“The organization makes its Form 990 and any other required information available to the public upon specific request only.”

“Pt XII, Line 2a&b: While the financial statements are not compiled by an "independent" accountant, they are compiled by a separate entity who compiles its financial statements and prepares and files all of its state and federal tax returns/reports. This entity also reconciles the organization's bank statements. The organization pays a fee for these services.”

“Pt III, Line 4d-Other Program Services: Members of the County Farm Bureau are also members of Texas Farm Bureau, a statewide agricultural organization (exempt under 501 (c)(5)) thata works for the betterment of agriculture and coordinates programs on a statewide basis. Members of the County Farm Bureau are also members of the American Farm Bureau, a national agricultural organization that also works for the betterment of agriculture. County Farm Bureau volunteers help organize their members into separate agricultural commodity interests and participate in matters dealing with legislation that affects agriculture.”