Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE ORGANIZATION'S GOVERNING BODY DELEGATED AUTHORITY TO ACT ON ITS BEHALF TO AN EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS PRESIDENT, 1ST AND 2ND VICE PRESIDENTS, ADMINISTRATOR, SECRETARY/CHIEF INVESTMENT OFFICER, TREASURER, & GENERAL COUNSEL. ONLY PRESIDENT AND VICE PRESIDENTS ARE ON THE GOVERNING BODY. COMMITTEE MONITORS DAY-TO-DAY OPERATIONS. | |
| FORM 990, PART VI, SECTION A, LINE 6 | COUNTY FARM BUREAUS APPOINT DELEGATES TO THE ANNUAL MEETING OF MEMBERS. | |
| FORM 990, PART VI, SECTION A, LINE 7A | COUNTY FARM BUREAUS APPOINT DELEGATES TO THE ANNUAL MEETING OF MEMBERS; THE HOUSE OF DELEGATES ELECTS THE OFFICERS ON THE GOVERNING BODY (PRESIDENT AND 2 VICE PRESIDENTS). THE DELEGATES WITHIN EACH DISTRICT ALSO ELECT THEIR DISTRICT DIRECTORS, CONFIRMED BY THE ENTIRE HOUSE OF DELEGATES. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE COMMITTEE WILL ENSURE THAT THE IRS FORMS 990 AND 990-T ARE ACCURATE BY REVIEWING A COMPLETE COPY OF THE FORMS 990 AND 990-T. THE TREASURER OR ASSISTANT TREASURER SHALL SIGN AND CERTIFY THAT THE FORMS ARE ACCURATE AND COMPLETE. CONSISTENT WITH THE REQUIREMENTS OF IRC SEC. 6104(D) AND THE REGULATIONS HEREUNDER, COPIES OF CFBF'S FORMS 990 AND 990-T SHALL BE MADE AVAILABLE, UPON REQUEST, IN A TIMELY MANNER TO ANY INDIVIDUAL WHO MAKES A REQUEST. | |
| FORM 990, PART VI, SECTION B, LINE 12C | PERSONS COVERED INCLUDE ALL BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND MANAGERS. THE POLICY IS DISCUSSED ANNUALLY WITH ALL BOARD MEMBERS AND EACH IS REQUIRED TO UPDATE THEIR AGREEMENT TO COMPLY WITH THE POLICY. EMPLOYEES ALSO SIGN A NEW AGREEMENT EACH YEAR. CONFLICTS ARE REVIEWED BY THE EXECUTIVE COMMITTEE. | |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION COMMITTEE (PRESIDENT, VICE PRESIDENTS AND CHAIR OF THE FINANCE COMMITTEE) USES DATA THAT BENCHMARKS SALARY & BENEFITS FOR COMPARABLE NATIONWIDE POSITIONS TO REVIEW AND APPROVE COMPENSATION FOR ADMINISTRATOR, TREASURER, SECRETARY AND GENERAL COUNSEL. FINANCE COMMITTEE USES SIMILAR DATA FOR PRESIDENT. THIS PROCESS WAS LAST DONE IN 2009. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -1,217,575. EQUITY IN LOSSES OF UNCONSOLIDATED SUBSIDIARY -76,313. REAL ESTATE ACTIVITY - TIMING DIFFERENCES 2,448,226. TOTAL TO FORM 990, PART XI, LINE 5: 1,154,338. |
| FORM 990 PART XI, LINE 2C: NEITHER THE PROCESS FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT NOR THE PROCESS FOR SELECTION OF AN INDEPENDENT ACCOUNTANT HAS CHANGED FROM THE PRIOR YEAR. |
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