Future Farmers Of America And Its State Associations & Local Chapter
- Assets
- $130.1k
- Revenue
- $221.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Nicholasville, KY
- Founding
- 01/1945
- Data as of
- 12/2022
- EIN
- 61-1360617
Organization Overview
Future Farmers Of America And Its State Associations & Local Chapter is located in Nicholasville, KY. 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 And Its State Associations & Local Chapter 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 12/2022, Future Farmers Of America And Its State Associations & Local Chapter generated $221.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $217.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE EDUCATION IN YOUTH AND ADULT POPULATION OF JESSAMINE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT ASSISTANCE TO VOCATIONAL AGRICULTURE STUDENTS IN JESSAMINE COUNTY FOR THEIR 4H / FFA AGRICULTURE RELATED PROJECTS. BASED ON A 50 /50 MATCH. UNUSED FUNDS WERE RETURNED TO THE KENTUCKY STATE TREASURY.
JESSAMINE COUNTY COSTSHARE PROGRAM IN WHICH FARMERS APPLY FOR A 50 / 50 MATCHING GRANT TO OFFSET COSTS ON VARIOUS PROJECTS ON THEIR FARMS. FARMERS RECEIVE A 1099 AND ANY UNUSED FUNDS WILL BE REIMBURSED TO THE KENTUCKY STATE TREASURY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Hall Jr President | Officer | 1 | $0 |
Katie Lewis Secertary | Officer | 0.25 | $0 |
Sue Stafford Treasurer | Officer | 0.25 | $0 |
Carl Waits Vice President | 2 | $0 | |
Chuck Canter Treasurer Caip Fund | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,651 |
| Related organizations | $0 |
| Government grants | $212,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221,151 |
| Total Program Service Revenue | $0 |
| 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 | $221,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $167,295 |
| 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 | $5,266 |
| 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 | $120 |
| Advertising and promotion | $0 |
| Office expenses | $150 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $509 |
| All other expenses | $0 |
| Total functional expenses | $217,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,142 |
| 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 | $130,142 |
| 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 | $0 |
| 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 | $130,142 |
| Total liabilities and net assets/fund balances | $130,142 |
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 |
Family Career And Community Leaders Of America Inc Herndon, VA | $10,515,724 | $7,353,463 |
Harvest Outreach Center Inc Gladys, VA | $1,942,175 | $5,046,350 |
Future Business Leaders Of America Phi Beta Lambda Inc Herndon, VA | $10,191,043 | $4,483,322 |
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 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
W E Skelton 4-H Educational Conference Ctr At Smith Mtn Lake Wirtz, VA | $9,946,052 | $666,967 |
Arrowhead Ranch Inc Normandy, TN | $228,949 | -$668,715 |
Future Farmers Of America Columbus, OH | $881,523 | $1,107,398 |