Future Farmers Of America
- Assets
- $314.0k
- Revenue
- $700.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 01/1945
- Data as of
- 06/2021
- EIN
- 37-6043957
Organization Overview
Future Farmers Of America is located in Springfield, IL. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Farmers Of America 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 06/2021, Future Farmers Of America generated $700.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $651.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP COMPETENT AND ASSERTIVE AGRICULTURAL LEADERSHIP, INCREASE AWARENESS OF THE GLOBAL TECHNOLOGICAL IMPORTANCE OF AGRICULTURE AND IT'S CONTRIBUTION TO OUR WELL-BEING, STRENGTHEN THE CONFIDENCE OF AGRICULTURAL STUDENTS IN THEMSELVES AND THEIR WORK, PROMOTE THE INTELLIGENT CHOICE AND ESTABLISHMENT OF AN AGRICULTURAL CAREER, ENCOURAGE ACHIEVEMENT IN SUPERVISED AGRICULTURAL EXPERIENCE PROGRAMS, ENCOURAGE WISE MANAGEMENT OF ECONOMIC, ENVIROMENTAL, AND HUMAN RESOURCES OF THE COMMUNITY, DEVELOP INTRERPERSONAL SKILLS IN TEAMWORK, COMMUNICATIONS, HUMAN RELATIONS AND SOCIAL INTERACTION, BUILD CHARACTER AND PROMOTE CITIZENSHIP, VOLUNTEERISM, AND PATRIOTISM, PROMOTE COOPERATION AND COOPERATIVE ATTITUDES AMONG ALL PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE FFA CONVENTION-3 DAY CONVENTION AT WHICH BUSSINESS IS CONDUCTED, AWARDS ARE PRESENTED AND MOTIVATIONAL SPEAKERS PRESENT TO 5000 STUDENTS AND GUESTS.
NATIONAL DUES.
CONFERENCE AND FFA LEADERSHIP CAMPS FOR MEMBERS IN ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mindy Bunselmeyer Executive Secretary | Trustee | 1 | $78,356 |
John Edgar Associate Executive Secretary | OfficerTrustee | 1 | $53,687 |
Margaret Vaessen State Reporter | OfficerTrustee | 0 | $0 |
Molly Schempp State Vice President | OfficerTrustee | 0 | $0 |
Lexi Mueller State President | OfficerTrustee | 0 | $0 |
Jordi Oliver State Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $251,188 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,095 |
| All other contributions, gifts, grants, and similar amounts not included above | $277,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,522 |
| Total Program Service Revenue | $119,719 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $700,241 |
| 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 | $131,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $166,050 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,485 |
| All other expenses | $850 |
| Total functional expenses | $651,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,037 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $314,037 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $314,037 |
| Net assets with donor restrictions | $0 |
| 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 | $314,037 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future Farmers Of America has recieved totaling $172,054.
| Awarding Organization | Amount |
|---|---|
Illinois Foundation Future Farmers Of America Inc Springfield, IL PURPOSE: Support for convention, Leadership Camp, Conference, Section/District awards, National Convention, and other. | $172,054 |
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 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
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 |
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
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 |
Iowa Ffa Foundation Ankeny, IA | $12,403,855 | $1,572,741 |
Future Farmers Of America Ankeny, IA | $634,939 | $1,032,160 |
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 |