The Florida Future Farmers Of America Foundation Incorporated
- Assets
- $3.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Haines City, FL
- Founding
- 05/1979
- Data as of
- 12/2021
- EIN
- 59-1747341
Organization Overview
The Florida Future Farmers Of America Foundation Incorporated is located in Haines City, FL. The organization was established in 1979. 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 12/2021, Florida Future Farmers Of America Foundation Incorporated employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Future Farmers Of America Foundation Incorporated 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 12/2021, Florida Future Farmers Of America Foundation Incorporated generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO ENCOURAGE AND ENHANCE THE DEVELOPMENT OF PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS OF FFA MEMBERS AND HIGH SCHOOL YOUTHS IN THE STATE OF FLORIDA.
Describe the Organization's Program Activity:
SPECIAL PROJECTS: FLORIDA FUTURE FARMERS OF AMERICA INCENTIVE AWARDS PROGRAM OFFERED TO ALL FFA MEMBERS IN THE STATE OF FLORIDA TO ENCOURAGE AND AWARD OUTSTANDING ACHIEVEMENT IN VARIOUS ASPECTS OF FARMING, RANCHING AND LEADERSHIP.
LTC: OPERATION OF A LEADERSHIP TRAINING CENTER IN THE STATE OF FLORIDA TO CONDUCT TRAINING SEMINARS, MEETINGS AND CONFERENCES FOR FFA MEMBERS AND CHAPTERS.
ASSISTANCE: THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO LOCAL FFA CHAPTERS, THE STATE ASSOCIATION AND INDIVIDUALS IN FLORIDA TO ASSIST AND PROMOTE YOUTH INVOLVEMENT IN FARMING IN THE STATE OF FLORIDA.
EXPENSES ASSOCIATED WITH THE USE OF THE FFA FOUNDATION'S LEADERSHIP TRAINING CENTER/RETREAT BY PRIVATE ENTITIES. (SEE 990-T)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hilary Holley Dir Of Devel | Officer | 40 | $45,222 |
Keitha Bennett Faae | Trustee | $0 | |
Bill Hamm Chairman | Trustee | $0 | |
Dusty Holley Board Member | Trustee | $0 | |
Michael Martin Board Member | Trustee | $0 | |
Larry Swindle Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,227 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,407 |
| Total Program Service Revenue | $844,879 |
| Investment income | $9,598 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,355 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,643 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,387,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,000 |
| 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 | $480,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,006 |
| Payroll taxes | $37,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,979 |
| Advertising and promotion | $5,363 |
| Office expenses | $28,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,294 |
| Travel | $7,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,237 |
| Interest | $31,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,576 |
| Insurance | $72,670 |
| All other expenses | $77,670 |
| Total functional expenses | $1,638,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153,067 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,351 |
| Prepaid expenses and deferred charges | $76,983 |
| Net Land, buildings, and equipment | $2,578,310 |
| Investments—publicly traded securities | $334,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,305 |
| Total assets | $3,273,368 |
| Accounts payable and accrued expenses | $197,855 |
| Grants payable | $0 |
| Deferred revenue | $138,795 |
| 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 | $466,180 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $802,830 |
| Net assets without donor restrictions | $2,136,407 |
| Net assets with donor restrictions | $334,131 |
| 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 | $3,273,368 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Florida Future Farmers Of America Foundation Incorporated has recieved totaling $6,191.
| Awarding Organization | Amount |
|---|---|
Southeastern Illinois Community Foundation Effingham, IL PURPOSE: GENERAL SUPPORT | $6,015 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia 4-H Club Foundation Cooperative Extension Ser Athens, GA | $9,034,027 | $3,205,781 |
Alabama 4h Club Foundation Inc Auburn University, AL | $23,617,092 | $3,427,576 |
The Florida Future Farmers Of America Foundation Incorporated Haines City, FL | $3,273,368 | $1,387,882 |
Florida 4-H Club Foundation Inc Gainesville, FL | $3,993,306 | $976,659 |
Future Farmers Of America And Its State Associations & Local Chapter Athens, GA | $253,364 | $1,029,563 |
The Georgia Ffa Foundation Inc Swainsboro, GA | $1,470,155 | $1,228,156 |
Future Farmers Of America Florida State Organization Gainesville, FL | $727,461 | $858,659 |
Okeechobee Youth Livestock Show Inc Okeechobee, FL | $97,303 | $540,934 |
Family Career And Community Leaders Of America Inc Bogart, GA | $457,409 | $390,905 |
Florida Agriculture In The Classroom Inc Gainesville, FL | $1,004,230 | $499,300 |
Future Farmers Of America Montgomery, AL | $237,863 | $315,573 |
Indian River County Youth Livestock & Horticulture Inc Fellsmere, FL | $31,504 | $296,733 |