Future Farmers Of America State Associations & Local Chapter
- Assets
- $1.7m
- Revenue
- $633.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Columbus, OH
- Founding
- 01/1945
- Data as of
- 08/2022
- EIN
- 31-6050849
Organization Overview
Future Farmers Of America State Associations & Local Chapter is located in Columbus, OH. The organization was established in 1945. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 08/2022, Future Farmers Of America State Associations & Local Chapter employed 5 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Farmers Of America State Associations & Local Chapter is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Future Farmers Of America State Associations & Local Chapter generated $633.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $580.0k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE OHIO FFA FOUNDATION IS TO GENERATE SUPPORT OF OHIO FFA MEMBER PROGRAMS AND SERVICES THROUGH PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARD AREAS - THE OHIO FFA FOUNDATION PROVIDES FUNDING FOR PROGRAMS AND PROJECTS AVAILABLE TO OVER 23,000 AGRICULTURE EDUCATION STUDENTS. EACH YEAR, OVER 600 STUDENTS APPLY FOR STATE RECOGNITION IN 49 PROFICIENCY AWARD AREAS, AND NEARLY 600 STATE FFA DEGREES AND 300 AMERICAN DEGREES ARE CONFERRED.
CAREER DEVELOPMENT EVENTS - THE OHIO FFA FOUNDATION SUPPORTS THE OHIO FFA ASSOCIATION IN FUNDING CAREER DEVELOPMENT EVENTS WHICH ENABLE MEMBERS TO ACHIEVE REAL WORLD JOB EXPERIENCE IN THE AGRICULTURE INDUSTRY AND RECEIVE RECOGNITION FOR THEIR EFFORTS.
STUDENT ACTIVITIES - THE OHIO FFA FOUNDATION PROVIDES SUPPORTIVE FUNDING FOR OHIO FFA CAMPS, LEADERSHIP TRAINING, STATE FFA CONVENTION AND SCHOLARSHIPS AVAILABLE TO THE STUDENTS OF FFA PROGRAMS.
INFORMATION DISTRIBUTION - THE FOUNDATION GENERATES A QUARTERLY NEWSLETTER, AN ANNUAL REPORT, FREQUENT ADVISOR UPDATES, AS WELL AS NUMEROUS GENERAL FUND AND INFORMATIONAL LETTERS TO THE CURRENT AND PAST DONORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Parrish Executive Di | Officer | 40 | $76,657 |
Kent Fisher Board Chair | Officer | 1 | $0 |
Tracy Kitchel Treasurer | Officer | 1 | $0 |
Alyssa Bregel Executive Se | Officer | 1 | $0 |
Rudy Pitzer Perry Board Member | Officer | 1 | $0 |
Kristi Wilhelmy Past Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $534,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $534,076 |
| Total Program Service Revenue | $42,306 |
| Investment income | $50,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,941 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,657 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,204 |
| Pension plan accruals and contributions | $7,759 |
| Other employee benefits | $11,240 |
| Payroll taxes | $11,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $172 |
| Fees for services: Accounting | $5,322 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,623 |
| Fees for services: Other | $0 |
| Advertising and promotion | $42,287 |
| Office expenses | $6,671 |
| Information technology | $4,764 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,444 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,797 |
| Interest | $0 |
| Payments to affiliates | $159,903 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,737 |
| Total functional expenses | $579,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,616 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,565 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,505,293 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,723,401 |
| Accounts payable and accrued expenses | $67,794 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $67,794 |
| Net assets without donor restrictions | $124,682 |
| Net assets with donor restrictions | $1,530,925 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,723,401 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Future Farmers Of America State Associations & Local Chapter has recieved totaling $31,553.
| Awarding Organization | Amount |
|---|---|
Southeastern Illinois Community Foundation Effingham, IL PURPOSE: GENERAL OPERATING SUPPORT | $21,053 |
Columbus Foundation Columbus, OH PURPOSE: CONSERVATION | $10,500 |
Endowment Analysis
| Beg. Balance | $1,632,777 |
| Earnings | $50,109 |
| Admin Expense | $16,623 |
| Net Contributions | $11,170 |
| Other Expense | $7,650 |
| Ending Balance | $1,505,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ffa Foundation Inc Indianapolis, IN | $38,626,743 | $19,100,254 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN | $26,115,765 | $17,713,634 |
Elkhart County 4-H & Agricultural Exposition Inc Goshen, IN | $7,107,983 | $3,990,918 |
Porter County Agricultural Society Inc Valparaiso, IN | $2,525,622 | $2,666,115 |
Future Farmers Of America Columbus, OH | $881,523 | $1,107,398 |
The Indiana Ffa Foundation Inc Trafalgar, IN | $2,341,467 | $1,490,972 |
Kentucky Future Farmers Of America Foundation Inc Flemingsburg, KY | $6,579,949 | $1,581,838 |
Trustees Of Purdue University Lebanon, IN | $4,869,767 | $1,092,571 |
Indiana 4-H Foundation West Lafayette, IN | $5,073,273 | $1,066,480 |
Jackson County Junior Fair Foundation Inc Ripley, WV | $196,847 | $994,160 |
Trustees Of Purdue University Danville, IN | $1,448,755 | $912,967 |
Agricultural Extension Camps Inc Saint Louisville, OH | $386,671 | $828,651 |