Mississippi Ffa Foundation
- Assets
- $395.7k
- Revenue
- $189.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Raymond, MS
- Founding
- 11/1993
- Data as of
- 06/2022
- EIN
- 58-2074077
Organization Overview
Mississippi Ffa Foundation is located in Raymond, MS. The organization was established in 1993. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Ffa 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 06/2022, Mississippi Ffa Foundation generated $189.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $251.3k during the year ending 06/2022. 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
TO PROVIDE LEADERSHIP TRAINING OPPORTUNITIES FOR STUDENTS AND TO PROMOTE THE DEVELOPMENT AND IMPROVEMENT OF THE COMMUNITYS EDUCATIONAL, AGRICULTURAL, AND MORAL WELFARE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LEADERSHIP TRAINING OPPORTUNITIES FOR STUDENTS AND TO PROMOTE THE DEVELOPMENT AND IMPROVEMENT OF THE COMMUNITYS EDUCATIONAL, AGRICULTURAL, AND MORAL WELFARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sammy Blossom President | OfficerTrustee | 0 | $0 |
Malcolm Luker Secretary | OfficerTrustee | 40 | $0 |
Gail Martin Treasurer | OfficerTrustee | 0 | $0 |
Ron Stewart Vice-President | OfficerTrustee | 0 | $0 |
Mike Tucker Board Member | Trustee | 0 | $0 |
Jerry Alexander Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $175,436 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,076 |
| Total Program Service Revenue | $0 |
| Investment income | $7,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,671 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $189,689 |
| 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. | $57,924 |
| Compensation of current officers, directors, key employees. | $11,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,235 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,431 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,194 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,785 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,796 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,851 |
| All other expenses | $0 |
| Total functional expenses | $251,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,899 |
| 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 | $37,117 |
| Investments—publicly traded securities | $258,730 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,746 |
| Accounts payable and accrued expenses | $2,327 |
| 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 | $2,327 |
| Net assets without donor restrictions | $393,419 |
| 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 | $395,746 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mississippi Ffa Foundation has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN PURPOSE: STATE DAY OF SERVICE | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama 4h Club Foundation Inc Auburn University, AL | $23,617,092 | $3,427,576 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |
Arrowhead Ranch Inc Normandy, TN | $228,949 | -$668,715 |
Future Farmers Of America State Nashville, TN | $3,810,868 | $945,076 |
Arkansas Ffa Foundation Inc Hot Springs, AR | $4,312,302 | $3,118,182 |
Dixie National Sale Of Junior Champions Promotion Committee Mississippi State, MS | $435,100 | $478,589 |
Future Farmers Of America State Associations & Local Chapter Baton Rouge, LA | $58,572 | $415,423 |
Future Farmers Of America Montgomery, AL | $237,863 | $315,573 |
Louisiana 4-H Foundation Lake Charles, LA | $437,538 | $330,225 |
Missouri Cotton Growers Organization Tallassee, AL | $2,328,060 | $585,562 |
Alabama Future Farmers Of America Foundation Montgomery, AL | $1,665,184 | $509,798 |