Future Farmers Of America State Associations & Local Chapter is located in Hot Springs, AR. 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 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 06/2021, Future Farmers Of America State Associations & Local Chapter generated $156.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $167.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORED TRIPS TO NATIONAL AND REGIONAL CONVENTIONS FOR FFA STATE OFFICERS AND MEMBERS CONTINUED EDUCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rob Roedel Chair | OfficerTrustee | 5 | $0 |
Glen Manchester Vice Chairman | OfficerTrustee | 5 | $0 |
Jennifer Cook Financial Director (acting) | Officer | 5 | $0 |
John Jones Financial Director (outgoing) | Officer | 5 | $0 |
Clint Hale Board Member | Trustee | 5 | $0 |
Sammy Cox Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $57,632 |
Fundraising events | $0 |
Related organizations | $5,000 |
Government grants | $24,606 |
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 | $87,238 |
Total Program Service Revenue | $54,493 |
Investment income | $6,955 |
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 | $156,692 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,515 |
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 | $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 | $5,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,651 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $1,340 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $71,284 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,152 |
Insurance | $375 |
All other expenses | $40 |
Total functional expenses | $167,135 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $19,422 |
Savings and temporary cash investments | $186,694 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $30,451 |
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 | $243,040 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $479,607 |
Accounts payable and accrued expenses | $61,886 |
Grants payable | $0 |
Deferred revenue | $4,136 |
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 | $66,022 |
Net assets without donor restrictions | $413,585 |
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 | $479,607 |
Over the last fiscal year, we have identified 1 grants that Future Farmers Of America State Associations & Local Chapter has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Arkansas Farm Bureau Foundation Little Rock, AR PURPOSE: FFA Ag in Action Education Center | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX | $3,490,318 | $6,046,613 |
Event Facilities Fort Worth Inc Fort Worth, TX | $56,896,303 | $667,519 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Nueces County Junior Livestock Association Robstown, TX | $379,208 | $2,671,206 |
Future Farmers Of America State Associations & Local Chapter Austin, TX | $2,278,284 | $2,619,828 |
Texas 4-H Boerne, TX | $23,369 | $0 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
Texas 4 H Youth Development Foundation College Station, TX | $9,527,657 | $3,383,549 |
Ellis County Youth Expo Waxahachie, TX | $936,551 | $1,557,361 |
Hill Country District Juniorlivestock Show Association Kerrville, TX | $1,755,004 | $1,336,079 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |