Future Farmers Of America
- Assets
- $664.0k
- Revenue
- $672.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 01/1945
- Data as of
- 08/2022
- EIN
- 47-6032756
Organization Overview
Future Farmers Of America is located in Lincoln, NE. 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 08/2022, Future Farmers Of America generated $672.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $637.3k during the year ending 08/2022. While expenses have increased by 3.8% 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
STUDENT AGRICULTURAL ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSOR CONFERENCES, CONVENTIONS AND VARIOUS OTHER EDUCATION ACTIVITIES FOR STUDENTS INTERESTED IN CAREERS RELATED TO THE AGRICULTURAL INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Anderson Vice Preside | OfficerTrustee | 8 | $0 |
Jeff Moore Treasurer | OfficerTrustee | 12 | $0 |
Tim Negley President | OfficerTrustee | 8 | $0 |
Lacey Berger Secretary | OfficerTrustee | 8 | $0 |
Sarah Heideman Ne State Ffa | Officer | 8 | $0 |
Lonnie Koepke Member | Trustee | 8 | $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 | $223,015 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,015 |
| Total Program Service Revenue | $434,369 |
| Investment income | $18,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,318 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $672,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,344 |
| 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 | $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 | $11,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $32,763 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $416,367 |
| Interest | $6 |
| Payments to affiliates | $74,599 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $500 |
| All other expenses | $1,813 |
| Total functional expenses | $637,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,802 |
| Savings and temporary cash investments | $189,782 |
| 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 | $355,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,967 |
| 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 | $663,967 |
| 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 | $663,967 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future Farmers Of America has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $150 |
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 |