Future Farmers Of America
- Assets
- $237.9k
- Revenue
- $315.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 01/1945
- Data as of
- 06/2022
- EIN
- 63-0351560
Organization Overview
Future Farmers Of America is located in Montgomery, AL. 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 06/2022, Future Farmers Of America generated $315.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $338.7k during the year ending 06/2022. While expenses have increased by 3.2% 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
PROVIDE EDUCATION TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE EXPENSES FACILITATE THE EDUCATION PROCESS OF FUTURE FARMERS OF AMERICA MEMBERS THROUGHOUT THE STATE OF ALABAMA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jared Dyess Director/exec. Secretary | Trustee | 16 | $0 |
Collin Adcock Director | Trustee | 1 | $0 |
Rebecca Balkcom Director | Trustee | 1 | $0 |
Adam Ball Director | Trustee | 1 | $0 |
Chris Clemmons Director | Trustee | 1 | $0 |
Doug Thiessen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $215,942 |
| Fundraising events | $0 |
| Related organizations | $47,048 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,024 |
| Total Program Service Revenue | $0 |
| Investment income | $611 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $325 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $315,573 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $588 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $50,975 |
| Interest | $0 |
| Payments to affiliates | $187,722 |
| Depreciation, depletion, and amortization | $195 |
| Insurance | $1,213 |
| All other expenses | $1,304 |
| Total functional expenses | $338,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $225,564 |
| 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 | $12,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $237,863 |
| 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 | $33,234 |
| Total liabilities | $33,234 |
| Net assets without donor restrictions | $204,629 |
| 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 | $237,863 |
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 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
The Florida Future Farmers Of America Foundation Incorporated Haines City, FL | $3,273,368 | $1,387,882 |
Arrowhead Ranch Inc Normandy, TN | $228,949 | -$668,715 |
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 |
Future Farmers Of America State Nashville, TN | $3,810,868 | $945,076 |
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 |