Texas Farm Bureau

Not tax-deductible

Waco, TX501(c)(5)Since 1933EIN 74-1145986Revenue $34.2M in FY2024

On file with the IRStxfb.orgPo Box 2689, 76702-2689 · Waco, TXTax-exempt since Feb 1945

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Texas Farm bureau's mission is to be the voice of Texas agriculture.

Run by 5,200 volunteers and 72 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $7.9M a year · 28% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$4.0M
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13.8M
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 16 voting members
Concern: none of 16 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$34.2M
+9% vs prior year
Spent
$27.9M
Net assets
$968.7M
By yearFY2020–FY2024
Revenue
$34.2M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$25.0M
FY2021$25.8M
FY2022$27.5M
FY2023$31.4M
FY2024$34.2M
Expenses
$27.9M
FY2024▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$15.8M
FY2021$16.5M
FY2022$19.7M
FY2023$24.3M
FY2024$27.9M
Net assets
$968.7M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1B
FY2021$1.1B
FY2022$904.7M
FY2023$908.5M
FY2024$968.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1945.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

56 people listed on the 990; $4.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$608,829Pt VII · Sec A
$408,476Pt VII · Sec A
Director of Government Aff
$375,105Pt VII · Sec A
Director of Communications
$315,477Pt VII · Sec A
Asst Director of Governmen
$291,373Pt VII · Sec A
Director of Field Operations
$258,009Pt VII · Sec A
Director of National Affai
$230,652Pt VII · Sec A
State Legislative Director
$198,863Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Si Cook$608,829$462,314$443,167$421,438$407,299
Chris Daughtery$408,476$309,432$297,379$282,118$248,561
Regan Beck$375,105$362,259$356,082$341,226$331,028
Charles Benton—$196,654$355,793$344,977$334,600
Gary Joiner$315,477$302,299$296,350$287,521$260,031
Billy Howe$291,373$281,643$270,907$257,151$249,350
Whit Weems$32,927$284,714$31,011$265,303$22,499
Jamie Gipe———$260,334$251,066

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Advocates for Texas farmers and ranchers, representing their interests.

Questions for Texas Farm Bureau

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Promotion of agriculture commodities and problem solving concerning members commodities.

Pt IX · col B
02

Local, county, state, national and global meetings on agriculture and rural living

Pt IX · col B
03

Participation and updating in matters of legislation affecting agriculture.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$34.2M
Ln 12
Other incomeLn 4–11$22.2M
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$4.4M
Money outPt IX
$27.9M
Ln 25
Owns and owesPt X
$968.7M
net assets · Ln 32
Cash and savingsLn 1–2$32.0M
Total assetsLn 16$982.5M
LiabilitiesLn 26$13.8M
PeoplePt VI, VII
56
listed · VII A
PaidVII A39
Voting boardVI 1a16
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7.6M
Investment incomeLn 3$4.4M
Other incomeLn 4–11$22.2M
Gains on assetsLn 7−$201K
Total revenueLn 12$34.2M
Assets in detailPt X, end of year
SavingsLn 2$32.0M
Cash and savings togetherLn 1–2$32.0M
InvestmentsLn 11–13$90.7M
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$852.6M
Total assetsLn 16$982.5M
LiabilitiesLn 26$13.8M
Net assetsLn 32$968.7M
OperationsPt I, VI
EmployeesI 572
VolunteersI 65,200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$38.9M$32.0M
InvestmentsLn 11–13$74.5M$90.7M
Land, buildings, equipmentLn 10c$3.6M$3.3M
Total assetsLn 16$920.9M$982.5M
LiabilitiesLn 26$12.4M$13.8M
Net assetsLn 32$908.5M$968.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$4.0M
Other salaries and wagesLn 7$1.7M
Other employee benefitsLn 9$2.2M
Payroll taxesLn 10$544K
Legal feesLn 11b$169K
Lobbying feesLn 11d$192K
Advertising and promotionLn 12$633K
Office expensesLn 13$201K
OccupancyLn 16$484K
TravelLn 17$1.5M
Conferences, conventions and meetingsLn 19$2.3M
InterestLn 20$2K
Depreciation, depletion and amortizationLn 22$312K
InsuranceLn 23$346K
Other expenses (24a–d)Ln 24$12.2M
All other expensesLn 24e$1.2M
Total functional expensesLn 25$27.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $34.2M$27.9M$6.2M$968.7M 990 PDF
FY2023 $31.4M$24.3M$7.1M$908.5M 990 PDF
FY2022 $27.5M$19.7M$7.8M$904.7M 990 PDF
FY2021 $25.8M$16.5M$9.4M$1.1B 990 PDF
FY2020 $25.0M$15.8M$9.2M$1.1B 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $34,175,876 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,596,600$7,562,297
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,723,482$4,438,935
I-11 Other revenuePrior year $20,118,620$22,174,644
I-12 Total revenuePrior year $31,438,702$34,175,876
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,296,902$8,431,123
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,047,812$19,497,782
I-18 Total expensesPrior year $24,344,714$27,928,905
I-19 Revenue less expensesPrior year $7,093,988$6,246,971
Part VI · Governance 0 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $34,175,876 across 7 lines filed
Lines not itemized here account for −$1,952 of total revenue; see the IRS return.
VIII-1b Membership dues$7,562,297
VIII-1h Total contributions, gifts and grants$7,562,297
VIII-3 Investment incomeExcluded from tax $4,640,322$4,640,322
VIII-5 RoyaltiesExcluded from tax $22,046,837$22,046,837
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$201,387−$201,387
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $29,759 · Excluded from tax $100,000$129,759
VIII-12 Total revenueRelated to mission −$1,952 · Unrelated business $29,759 · Excluded from tax $26,585,772$34,175,876
Part IX · Statement of functional expenses $27,928,905 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$3,960,184
IX-7 Other salaries and wages$1,728,747
IX-9 Other employee benefits$2,198,497
IX-10 Payroll taxes$543,695
IX-11b Legal fees$168,959
IX-11d Lobbying fees$191,872
IX-12 Advertising and promotion$632,874
IX-13 Office expenses$201,269
IX-16 Occupancy$484,382
IX-17 Travel$1,460,769
IX-19 Conferences, conventions and meetings$2,252,070
IX-20 Interest$2,326
IX-22 Depreciation, depletion and amortization$311,890
IX-23 Insurance$345,829
IX-24 Other expenses (24a–d)$12,212,321
IX-24e All other expenses$1,233,221
IX-25 Total functional expenses$27,928,905
Part X · Balance sheet $982,497,314 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $38,935,400$32,042,047
X-4 Accounts receivableStart of year $4,759,394$3,422,529
X-9 Prepaid expenses and deferred chargesStart of year $485,487$452,923
X-10c Land, buildings and equipment, netStart of year $3,573,443$3,274,660
X-11 Publicly traded securitiesStart of year $74,519,369$90,732,036
X-15 Other assetsStart of year $798,589,483$852,573,119
X-16 Total assetsStart of year $920,862,576$982,497,314
X-17 Accounts payable and accrued expensesStart of year $8,233,931$9,048,635
X-25 Other liabilitiesStart of year $4,135,940$4,701,476
X-26 Total liabilitiesStart of year $12,369,871$13,750,111
X-27 Net assets without donor restrictionsStart of year $908,492,705$968,747,203
X-32 Total net assets or fund balancesStart of year $908,492,705$968,747,203
X-33 Total liabilities and net assetsStart of year $920,862,576$982,497,314
Part XI · Reconciliation of net assets $968,747,203 net assets at year end
XI-1 Total revenue$34,175,876
XI-2 Total expenses$27,928,905
XI-3 Revenue less expenses$6,246,971
XI-4 Net assets at start of year$908,492,705
XI-9 Other changes in net assets$54,007,527
XI-10 Net assets at end of year$968,747,203

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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