Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | AFBF MEMBERS ARE THE STATE FARM BUREAU'S AND PRESIDENTS OF THOSE STATE FARM BUREAU'S SIT ON AFBF BOARD OF DIRECTORS. THIRTY-ONE OF THE BOARD MEMBERS OF AFBF ARE STATE FARM BUREAU PRESIDENTS. THE BOARD POSITIONS ARE DETERMINED BASED ON THE FOLLOWING INTERPRETATION OF SECTION 4, ARTICLE VIII OF THE AFBF BYLAWS: TOTAL MEMBERSHIP - BOARD POSITIONS UNDER 200,001 - 4 200,001 - 600,000 - 5 600,001 - 1,000,000 - 6 1,000,001 - 1,400,000 - 7 1,400,001 - 1,800,000 - 8 1,800,001 - 2,200,000 - 9 2,200,001 - 2,600,000 - 10 2,600,001 - 3,000,000 - 11 3,000,001 - 3,400,000 - 12 3,400,001 - 3,800,000 - 13 3,800,001 - 4,200,000 - 14 THE BOARD POSITIONS ARE DETERMINED BY THE 4 REGIONS: NORTHEAST MIDWEST WEST SOUTH IN ADDITION TO THE 4 REGIONS AND MEMBERSHIP DETERMINING THE NUMBER OF BOARD POSITIONS FOR EACH OF THE REGIONS - THE AFBF WOMEN'S COMMITTEE CHAIRMAN AND AFBF YF&R'S COMMITTEE CHAIRMAN ALSO HAVE A SEAT ON THE AFBF'S BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | SEE RESPONSE TO PART VI, SECTION A, QUESTION 6 | |
| FORM 990, PART VI, SECTION B, LINE 11 | GOVERNING BODY REVIEW OF THE FORM 990 - THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE AND REVIEW THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO THE EXECUTIVE COMMITTEE OF THE ORGANIZATION. THE EXECUTIVE COMMITTEE MEETS WITH MANAGEMENT TO REVIEW THE FORM 990. THE AFBF BOARD OF DIRECTORS REVIEWS THE FORM 990 AT THE OCTOBER BOARD MEETING PRIOR TO FILING THE FORM 990. | |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS AND EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRESCURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD. | |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS OF DETERMINING COMPENSATION - A SALARY ADMINISTRATION PROGRAM HAS BEEN DEVELOPED BY AMERICAN FARM BUREAU FEDERATION FOR THE ADMINISTRATION OF PAY DECISIONS TO ENSURE THAT EMPLOYEES COVERED BY THE PROGRAM ARE PAID ACCORDING TO FAIR, EQUITABLE AND UNIFORM PRINCIPLES. THIS PROGRAM HAS BEEN ADOPTED BY THE ORGANIZATIONS BOARD OF DIRECTORS. IN MID-OCTOBER, HUMAN RESOURCES PREPARES A REPORT, BY DEPARTMENT, THAT INCLUDES THE FOLLOWING: CURRENT SALARY CURRENT GRADE MIDPOINT OF GRADE % - CURRENT SALARY TO MIDPOINT COLUMNS ARE ADDED FOR THE ADDITION OF RECOMMENDED INCREASES AND FORMULAS FOR A NEW SALARY AND NEW % OF SALARY TO MIDPOINT. THE SPREADSHEET IS THEN SENT TO THE EXECUTIVE VICE PRESIDENT. MIDPOINT IS DETERMINED BY THE CURRENT SALARY STRUCTURE. THE RANGES ARE REVIEWED EACH YEAR AND MAY BE SHIFTED IN ACCORDANCE WITH SALARY SURVEY DATA PROVIDED EACH YEAR BY PRICEWATERHOUSECOOPERS. WE ASK FOR DATA ON EXPECTED SALARY INCREASES FOR THE NEXT YEAR AND EXPECTED SHIFTS IN SALARY GRADES. THE EXECUTIVE VICE PRESIDENT GIVES HUMAN RESOURCES AN ALLOWANCE FOR EACH DEPARTMENT'S SALARY INCREASES. THIS IS GENERALLY IN THE FORM OF A PERCENT OF CURRENT TOTAL SALARIES FOR THE DEPARTMENT. HUMAN RESOURCES INCLUDES THE NUMBER IN THE SPREADSHEET, BREAKS OUT EACH DEPARTMENT'S INFORMATION, THEN SENDS THE APPROPRIATE REPORT TO EACH DEPARTMENT MANAGER ALONG WITH INSTRUCTIONS AND DEADLINES FOR COMPLETION. DEPARTMENT MANAGERS COMPLETE THE SPREADSHEET WITH THEIR RECOMMENDATIONS FOR EMPLOYEE SALARY INCREASES AND RETURN IT TO HUMAN RESOURCES. HUMAN RESOURCES REVIEWS THE RECOMMENDATIONS AND MAKES NOTES FOR THE EXECUTIVE VICE PRESIDENT REVIEW. THE NOTES MIGHT INCLUDE DRAWING HIS ATTENTION TO MATTERS OF INTERNAL EQUITY, OR SALARY HISTORY (LIKE IF AN EMPLOYEE WAS PROMOTED AND HAD A RECENT SALARY INCREASE). THE EXECUTIVE VICE PRESIDENT MAY FOLLOW UP WITH THE DEPARTMENT MANAGER FOR FURTHER EXPLANATIONS AND MAKE CHANGES. ONCE THE DOCUMENT IS FINALIZED, HUMAN RESOURCES PROVIDES AN UPDATED COPY FOR EXECUTIVE VICE PRESIDENT'S SIGNATURE. COPIES ARE GIVEN THEN TO THE DIRECTOR OF ACCOUNTING AND PAYROLL FOR THEIR FILES. THE EMPLOYEE'S COMPENSATION IS INCLUDED IN THE YEARLY BUDGET PROCESS WHICH IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE ORGANIZATION AND IS REPORTED TO THE BOARD OF DIRECTORS DURING THE BUDGET APPROVAL PROCESS. | |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS - FINANCIAL STATEMENTS AND THE CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 393,405. EQUITY IN NET INCOME (LOSS) OF SUBSIDIARIES -49,220. PENSION RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST -526,813. TOTAL TO FORM 990, PART XI, LINE 5: -182,628. |
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