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 | EACH COUNTY FARM BUREAU HOLDING A MEMBERSHIP IN THIS FEDERATION SHALL CLASSIFY EACH INDIVIDUAL MEMBERSHIP ACCORDING TO THE FOLLOWING TWO CLASSIFICATIONS: AGRICULTURE MEMBER AND MEMBER. VOTING MEMBERS ARE ELIGIBLE TO VOTE ON ALL POLICIES AND OFFICIAL ACTIONS, TO HOLD OFFICE, AND TO SERVE AS VOTING DELEGATES TO OFFICIAL MEETINGS OF THE STATE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE HOUSE OF DELEGATES AND CONSIST OF THE PRESIDENT, VICE-PRESIDENT, CHAIRMAN OF TENNESSEE FARM BUREAU WOMEN AND EIGHT (8) ADDITIONAL MEMBERS; THREE (3) TO BE ELECTED FROM THE STATE AT LARGE AND ONE (1) EACH OF THE FIVE (5) DESIGNATED DISTRICTS. THE PRESIDENT AND VICE PRESIDENT ARE ELECTED TO STAGGERED TWO-YEAR TERMS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR 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 | THE PRESIDENT'S SALARY AND ANNUAL ADJUSTMENT IS ESTABLISHED AND REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS IN HIS ABSENCE. THE BOARD OF DIRECTORS ALSO APPROVES THE AVERAGE ANNUAL WAGE INCREASES FOR THE ORGANIZATION. THE EXECUTIVE VICE PRESIDENT IMPLEMENTS THE BOARDS RECOMMENDATION OF ANNUAL WAGE INCREASES. THE EXECUTIVE VICE PRESIDENT WITH CONSULTATION WITH THE TREASURER ESTABLISHES THE COMPENSATION OF ALL OTHER EMPLOYEES AND APPROVES ALL INDIVIDUAL EMPLOYEE ANNUAL WAGE ADJUSTMENTS. THE PRESIDENT APPROVES ALL COMPENSATION AND ANNUAL ADJUSTMENTS. THE COMPENSATION AND ANNUAL PERCENTAGE INCREASES OF SIMILAR ORGANIZATIONS SUCH AS UNIVERSITY OF TENNESSEE, TN DEPARTMENT OF AGRICULTURE, AND OTHERS ARE REVIEWED WHEN DEVELOPING EMPLOYEE, AND OFFICER COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENT AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PART XI, LINE 9: | CHANGE IN MINIMUM POSTRETIREMENT OBLIGATIONS 6,379,857. EQUITY IN AFFILIATE EARNINGS 5,988,735. EQUITY IN EARNINGS OF SUBSIDIARY 2,411,041. |
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