ARKANSAS FARM BUREAU FEDERATION

EIN: 710242776

LITTLE ROCK, AR

Total Revenue
$18,174,824
Total Expenses
$17,218,877
Total Assets
$75,845,923
Net Assets
$65,092,695
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Financial Trends

Organization Details

Formation Year
1931
Legal Domicile
AR
Principal Officer
LEIGH PRUSS
Phone
5012244400
Tax Period
2023-11-01 to 2024-10-31

Arkansas Farm Bureau Federation, founded in 1931, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2017. The organization ran a surplus of $2.9M, a strong 19% operating margin.

Mission

FARM BUREAU IS AN INDEPENDENT, VOLUNTARY ORGANIZATION OF FARM AND RANCH FAMILIES UNITED FOR THE PURPOSE OF ANALYZING THEIR PROBLEMS AND FORMULATING ACTION TO ACHIEVE EDUCATIONAL IMPROVEMENT, ECONOMIC OPPORTUNITY, SOCIAL ADVANCEMENT AND PROMOTE THE NATIONAL WELL-BEING. FARM BUREAU IS NONPARTISON, NONSECTARIAN, NONGOVERNMENTAL AND NONSECRET IN CHARACTER. FARM BUREAU STRIVES TO BE THE VOICE OF AGRICULTURAL PRODUCERS AT ALL LEVELS.THE MISSION OF FARM BUREAU IS TO:1. ADVOCATE THE INTERESTS OF AGRICULTURE IN THE PUBLIC ARENA;2. DISSEMINATE INFORMATION CONCERNING THE VALUE AND IMPORTANCE OF AGRICULTURE; AND3. PROVIDE PRODUCTS AND SERVICES WHICH IMPROVE THE QUALITY OF LIVES OF OUR MEMBERS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,980
Program Service Revenue $3,018,486
Investment Income $4,635,883
Other Revenue $10,500,475
TOTAL REVENUE $18,174,824

Expense Breakdown

Grants Paid $429,903
Salaries & Benefits $8,842,344
Fundraising Expenses $0
Other Expenses $7,946,630
TOTAL EXPENSES $17,218,877

Year-over-Year Comparison

2023 2022 Change
Revenue $18,174,824 $16,295,449 +0.1%
Expenses $17,218,877 $12,678,525 +0.4%
Net Income $955,947 $3,616,924 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
N/A
Employees
64
Volunteers
281

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
9
$1,340,905
Total Directors
19
$423,304
Key Employees
6
$1,553,553
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH HILLMAN OUTGOING PRESIDENT 25.00
Officer Director
$164,279 $0 $164,279
MIKE FREEZE VICE PRESIDENT 20.00
Officer Director
$24,500 $0 $24,500
DAN WRIGHT INCOMING PRESIDENT 10.00
Officer Director
$18,525 $0 $18,525
TERRY DABBS INCOMING SECRETARY/PRESIDENT 5.00
Director
$18,200 $0 $18,200
NITA COOPER WOMEN'S LEADERSHIP COMM VICE CHAIR 5.00
Director
$13,200 $0 $13,200
JON CARROLL DIRECTOR 5.00
Director
$13,100 $0 $13,100
JACK EVANS DIRECTOR 5.00
Director
$19,800 $0 $19,800
SHERRY FELTS DIRECTOR 5.00
Director
$12,750 $0 $12,750
CHASE GROVES DIRECTOR 5.00
Director
$18,600 $0 $18,600
JASON HENSON DIRECTOR 5.00
Director
$20,700 $0 $20,700
BOB SHOFNER DIRECTOR 5.00
Director
$7,500 $0 $7,500
TERRY LASTER DIRECTOR 5.00
Director
$12,750 $0 $12,750
CALEB PLYLER DIRECTOR 5.00
Director
$18,700 $0 $18,700
MEGAN ALLEN DIRECTOR 5.00
Director
$19,600 $0 $19,600
JOE THRASH DIRECTOR 5.00
Director
$16,650 $0 $16,650
DANA STEWART DIRECTOR 5.00
Director
$1,200 $0 $1,200
BRAD PEACOCK YF&R VICE CHAIR 5.00
Director
$7,350 $0 $7,350
MONICA PASKEWITZ YF&R VICE CHAIR 5.00
Director
$12,000 $0 $12,000
KERRIGAN STILES WOMEN'S COMMITTEE VICE CHAIR 5.00
Director
$3,900 $0 $3,900
STEVE EDDINGTON VP, PUBLIC RELATIONS 40.00
Key Emp
$215,661 $105,123 $320,784
MIKE SOLOMON RETIRED VP, FINANCE & OPERATIONS 40.00
Highest
$139,954 $11,007 $150,961
STANLEY HILL VP, PUBLIC AFFAIRS & GOVERNMENT RELATIONS 40.00
Key Emp
$179,564 $87,905 $267,469
EVAN TEAGUE VP, ENVIRONMENTAL ISSUES 40.00
Key Emp
$171,864 $47,576 $219,440
JUSTIN REYNOLDS VP, ORG, & MEMBER PROGRAMS 40.00
Key Emp
$161,666 $60,953 $222,619
LEIGH PRUSS VP, FINANCE 40.00
Officer
$153,233 $46,065 $199,298
DON MICKEL RETIRED DIRECTOR, IT/SYSTEMS ENGINEER 40.00
Highest
$144,364 $28,241 $172,605
JOHN BAILEY VP, COMMODITY & REGULATORY AFFAIRS 40.00
Key Emp
$155,943 $38,689 $194,632
JEREMY WESSON DIRECTOR, ORG. & MEMBER PROGRAMS 40.00
Officer
$129,439 $47,511 $176,950
JEREMY MILLER DISTRICT DIRECTOR, ORGANIZATION AND MEMBER PROGRAM 40.00
Officer
$104,092 $14,859 $118,951
JARROD YATES EXECUTIVE VICE PRESIDENT 40.00
Officer
$212,707 $134,631 $347,338
BRANDY CARROLL DIRECTOR, COMMODITY & MARKET INFORMATION 40.00
Officer
$122,098 $22,686 $144,784
BRYAN PISTOLE DIRECTOR, PUBLIC RELATIONS 40.00
Highest
$119,347 $37,744 $157,091
MATT KING SENIOR VP, ADMIN AND ADVOCACY 40.00
Key Emp
$257,374 $71,235 $328,609
KAREN WOOD CORPORATE SECRETARY 40.00
Officer
$118,770 $27,510 $146,280
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 $18,174,824 $17,218,877 $75,845,923 $955,947
2023 $16,295,449 $12,678,525 $67,671,791 $3,616,924
2022 $14,740,338 $8,276,290 $64,804,315 $6,464,048
2021 $14,399,722 $12,730,706 $71,283,870 $1,669,016
2020 $16,311,552 $16,184,167 $66,846,371 $127,385
2019 $16,138,909 $18,604,390 $67,114,893 $-2,465,481
2018 $15,624,245 $12,733,348 $63,450,090 $2,890,897
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