Nebraska Future Farmers Of America Foundation
- Assets
- $3.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Lincoln, NE
- Founding
- 12/1991
- Data as of
- 07/2022
- EIN
- 47-0741774
Organization Overview
Nebraska Future Farmers Of America Foundation is located in Lincoln, NE. The organization was established in 1991. 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 07/2022, Nebraska Future Farmers Of America Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Future Farmers Of America Foundation 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 07/2022, Nebraska Future Farmers Of America Foundation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4m during the year ending 07/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 NEBRASKA FFA FOUNDATION IS TO ENHANCE QUALITY EDUCATION/FFA PROGRAMS IN ORDER TO ACHIEVE EXCELLENCE IN LEADERSHIP DEVELOPMENT, CURRICULUM INNOVATION AND SCHOLASTIC ADVANCEMENT OF STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR AGRICULTURAL EDUCATION AND FFA ACTIVITIES IN NEBRASKA. IN CURRENT YEAR FUNDED YOUTH LEADERSHIP TRAINING, AWARDS AND RECOGNITION FOR INDIVIDUAL STUDENTS AND GROUPS OF STUDENTS DURING THE ANNUAL STATE FFA CONVENTION, LEADERSHIP PROGRAMMING SUPPORT, PROFESSIONAL DEVELOPMENT FOR TEACHERS OF AGRICULTURE, LOCAL FFA CHAPTER SUPPORT AND OTHER GENERAL SUPPORT FOR NEBRASKA FFA YOUTH ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Agnew Exec Directo | OfficerTrustee | 40 | $0 |
Glenn Baumert Treasurer | OfficerTrustee | $0 | |
Kyle Perry President | OfficerTrustee | $0 | |
John Langemeier Vice Preside | OfficerTrustee | $0 | |
Jennifer Wood Secretary | OfficerTrustee | $0 | |
Lance Atwater Board Member | Trustee | $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 | $1,702,925 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,702,925 |
| Total Program Service Revenue | $0 |
| Investment income | $139,273 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$56,135 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,786,063 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $246,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,037 |
| Payroll taxes | $18,253 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,967 |
| Fees for services: Other | $821,937 |
| Advertising and promotion | $186,491 |
| Office expenses | $24,988 |
| Information technology | $8,808 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,223 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,484 |
| All other expenses | $0 |
| Total functional expenses | $1,409,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,179 |
| Savings and temporary cash investments | $52,612 |
| Pledges and grants receivable | $513,002 |
| Accounts receivable, net | $27,906 |
| 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 | $2,843 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,632,509 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,382,051 |
| Accounts payable and accrued expenses | $28,603 |
| 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 | $28,603 |
| Net assets without donor restrictions | $2,807,839 |
| Net assets with donor restrictions | $545,609 |
| 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 | $3,382,051 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Nebraska Future Farmers Of America Foundation has recieved totaling $46,164.
| Awarding Organization | Amount |
|---|---|
Lincoln Community Foundation Inc Lincoln, NE PURPOSE: GENERAL SUPPORT | $12,473 |
Nebraska Community Foundation Lincoln, NE PURPOSE: GENERAL SUPPORT | $12,100 |
Singer Foundation Omaha, NE PURPOSE: PROGRAM SUPPORT | $10,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $8,500 |
Patterson Dental Foundation St Paul, MN PURPOSE: YOUTH LEADERSHIP TEACHER TRAINING GRANT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $91 |
Endowment Analysis
| Beg. Balance | $485,074 |
| Earnings | -$43,891 |
| Net Contributions | $24,810 |
| Grants | $12,821 |
| Ending Balance | $453,173 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas 4-H Foundation Inc Manhattan, KS | $27,207,797 | $6,722,964 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Nebraska Future Farmers Of America Foundation Lincoln, NE | $3,382,051 | $1,786,063 |
Teton County 4-H Council Jackson, WY | $5,120,856 | $1,212,506 |
Iowa Ffa Foundation Ankeny, IA | $12,403,855 | $1,572,741 |
Nebraska 4-H Foundation Lincoln, NE | $2,843,433 | $1,171,806 |
Future Farmers Of America Ankeny, IA | $634,939 | $1,032,160 |
Future Farmers Of America Jefferson City, MO | $1,360,081 | $872,920 |
Colorado Future Farmers Of America Foundation Greeley, CO | $4,053,827 | $1,643,378 |
Missouri 4-H Foundation Columbia, MO | $9,386,540 | $1,726,293 |
Rice County Community Foundation Lyons, KS | $14,705,146 | $1,600,447 |
Nebraska Vocational Agricultural Foundation Aurora, NE | $2,021,514 | $645,964 |