Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS OVER 520,000 MEMBER FAMILIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD REPRESENTATION IS DIVIDED BY DISTRICTS AND MEMBERS FROM EACH DISTRICT ELECT THEIR REPRESENTATIVES TO THE GOVERNING BODY(THE BOARD) |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO THE ORGANIZATION'S BY-LAWS REQUIRE A TWO/THIRDS MAJORITY OF MEMBERS WHO ARE PRESENT AT THE ANNUAL CONVENTION AS VOTING DELEGATES. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990, PREPARED BY AN OUTSIDE CPA FIRM, IS REVIEWED BY THE CFO BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | COUNSEL FOR THE ORGANIZATION REVIEWS THE WRITTEN CONFLICT OF INTEREST POLICY WITH THE OFFICERS, DIRECTORS AND KEY EMPLOYEES BEFORE THE POLICY IS SIGNED AND CONFLICTS DISCLOSED. COUNSEL FOLLOWS UP ON ANY CONFLICTS AND TAKES APPROPRIATE ACTION TO RESOLVE THE CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN OUTSIDE SALARY CONSULTING FIRM HAS DETERMINED GRADES FOR EVERY POSITION IN THE ORGANIZATION AND THE BOARD OF DIRECTORS HAS APPROVED EACH GRADE. EACH YEAR, THE HUMAN RESOURCES DIRECTOR CONTACTS THE INDEPENDENT OUTSIDE FIRM FOR RECOMMENDED SALARY INCREASE. THE PERSONNEL DIRECTOR AND CFO THEN MEETS WITH THE COMPENSATION COMMITTEE(THE BOARD OFFICERS OF THE ORGANIZATION PLUS ONE MORE DIRECTOR) AND RELAYS THE RECOMMENDED SALARY INCREASES. THE COMPENSATION COMMITTEE ALSO REVIEWS EACH GRADE LEVEL IN THE ORGANIZATION. THE COMPENSATION COMMITTEE THEN RECOMMENDS TO THE ENTIRE BOARD OF DIRECTORS THE AMOUNT OF THE SALARY INCREASES, AND AFTER THE BOARD APPROVES THE AMOUNT, THE CFO AND HUMAN RESOURCES DIRECTOR IMPLEMENTS THE RECOMMENDATION. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS INCLUDED IN THE SALARY ADMINISTRATION PLAN, SO HIS GRADE LEVEL HAS BEEN DETERMINED BY THE INDEPENDENT SALARY CONSULTING FIRM AS WELL. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES THESE STATEMENTS AVAILABLE TO THE PUBLIC BY DESIGNATING THE CFO AS THE CONTACT PERSON FOR ALL REQUESTS. THE CFO HAS ACCESS TO ALL DOCUMENTS AND UNDERSTANDS THE IRS PROCEDURES FOR MAKING THE DOCUMENTS AVAILABLE. |
| FORM 990, PART XI, LINE 9: | EQUITY IN EARNINGS OF SUBSIDIARIES 36,366,167. UNREALIZED GAINS/LOSSES 2,700,128. POST-RETIREMENT BENEFITS EXPENSE -398,792. FEDERAL INCOME TAX/BENEFIT -49,214. MEAL EXCLUSION -97,624. OTHER COMPREHENSIVE(INCOME)LOSS 17,252,206. |
| FORM 990, PART XII, LINE 2C:PROCESS FOR OVERSIGHT AND SELECTION OF IND AUDI | 6.NO CHANGE WAS MADE IN THE PROCESS OF OVERSIGHT AND SELECTION IN 2019. |
| FORM 990, PART VIII, LINE 5, ROYALTY INCOME | ROYALTIES CONSIST OF $2,474,652 FROM SFB LIFE INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU OWNS 10% OF THE STOCK; $6,846,418 FROM TFB CASUALTY COMPANY, A CONTROLLED SUBSIDIARY OF TEXAS FARM BUREAU; AND $5,444,151 FROM TFB MUTUAL INSURANCE COMPANY, OF WHICH TEXAS FARM BUREAU DOES NOT OWN ANY OF THE STOCK, BUT SHARES THE SAME BOARD OF DIRECTORS AS TFB MUTUAL INSURANCE COMPANY. |
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