KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC

EIN: 616035765 501(c)(3)

LOUISVILLE, KY

Total Revenue
$203,031
Total Expenses
$198,965
Total Assets
$458,837
Net Assets
$373,837
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
KY
Principal Officer
DREW GRAHAM
Phone
5024955000
Tax Period
2023-01-01 to 2023-12-31

KENTUCKY FARM BUREAU EDUCATION FOUNDATION INC, founded in 1965, is a small nonprofit that reported $203K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FINANCIAL GRANTS FOR HIGHER EDUCATION AND PROMOTE AGRICULTURAL EDUCATION IN KY ELEMENTARY AND SECONDARY SCHOOLS.

Program Service Accomplishments

Program 1
Expenses: $188,245

EDUCATIONAL SCHOLARSHIPS AND AWARDS WERE GRANTED DURING 2023 TO APPROXIMATELY 120 APPROVED RECIPIENTS.

Program 2
Expenses: $4,500

MINI GRANTS OF UP TO $500 EACH FOR AGRICULTURAL EXPERIENCE TOURS AND INFORMATION PROGRAMS FOR ELEMENTARY AND SECONDARY SCHOOL STUDENTS. THERE WERE PAYMENTS TO 9 COUNTY FARM BUREAUS IN 2023.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,050
Program Service Revenue $0
Investment Income $3,590
Other Revenue $51,391
TOTAL REVENUE $203,031

Expense Breakdown

Grants Paid $191,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $192,745
Other Expenses $7,465
TOTAL EXPENSES $198,965

Year-over-Year Comparison

2023 2022 Change
Revenue $203,031 $1,205,520 -0.8%
Expenses $198,965 $1,961,466 -0.9%
Net Income $4,066 $-755,946 -1.0%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
26
Independent Members
26
Employees
N/A
Volunteers
26

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$934,540
Total Directors
28
$900,840
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX BARNETT DIRECTOR 0.50
Director
$0 $5,852 $12,402
CLOYCE WARREN HINKLE DIRECTOR 0.50
Director
$0 $6,926 $11,976
DAVID MCGLONE DIRECTOR 0.50
Director
$0 $0 $7,750
EDDIE MELTON FIRST VICE PRESIDENT 1.00
Officer Director
$0 $30,439 $155,419
GLENN HOWELL DIRECTOR 0.50
Director
$0 $0 $11,750
J SCOTT DAVIS DIRECTOR 0.50
Director
$0 $26,520 $26,520
JOE PAUL MATTINGLY DIRECTOR 0.50
Director
$0 $28,016 $28,016
LARRY CLARK DIRECTOR 0.50
Director
$0 $0 $16,850
LARRY THOMAS DIRECTOR 0.50
Director
$0 $29,325 $29,325
MARK HANEY PRESIDENT 1.00
Officer Director
$0 $21,552 $165,067
MARK KINSEY DIRECTOR 0.50
Director
$0 $0 $8,550
MARSHALL COYLE PAST PRESIDENT UNTIL 12/2 0.50
Director
$0 $8,414 $13,564
MARY KATE KORDES DIRECTOR 0.50
Director
$0 $0 $21,247
MITCHEL LOGSDON DIRECTOR 0.50
Director
$0 $0 $28,447
PJ MILBURN DIRECTOR 0.50
Director
$0 $0 $18,447
RAY ALLAN MACKEY DIRECTOR 0.50
Director
$0 $0 $21,447
SCOTT BARNES DIRECTOR 0.50
Director
$0 $0 $18,447
SHANE WISEMAN DIRECTOR 1.00
Director
$0 $15,147 $41,272
SHARON FURCHES SECOND VICE PRESIDENT 1.00
Officer Director
$0 $0 $100,015
STEWART HUGHES DIRECTOR 0.50
Director
$0 $0 $21,447
TAMMY WHITE DIRECTOR 0.50
Director
$0 $0 $16,547
TERRY LAWSON DIRECTOR 0.50
Director
$0 $0 $8,950
TIM GOODLETT DIRECTOR 0.50
Director
$0 $0 $26,847
TODD BROCK DIRECTOR 0.50
Director
$0 $0 $22,247
TYLER FERGUSON DIRECTOR 0.50
Director
$0 $0 $22,597
VICTOR REXROAT DIRECTOR 0.50
Director
$0 $0 $24,647
ZACH ISON DIRECTOR 0.50
Director
$0 $0 $20,447
DAVID TAYLOR DIRECTOR BEGINNING 12/2 0.50
Director
$0 $0 $600
DREW GRAHAM EXECUTIVE OFFICER 1.00
Officer
$0 $42,384 $514,039
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $203,031 $198,965 $458,837 $4,066
2022 $1,205,520 $1,961,466 $422,797 $-755,946
2021 $980,619 $223,449 $1,199,277 $757,170
2020 $158,078 $186,760 $463,550 $-28,682
2019 $163,950 $148,570 $403,498 $15,380
2018 $149,465 $160,897 $387,830 $-11,432
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