Texas Future Farmers Of America Foundation Inc
- Assets
- $14.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 04/1989
- Data as of
- 12/2020
- EIN
- 74-2520515
Organization Overview
Texas Future Farmers Of America Foundation Inc is located in Austin, TX. The organization was established in 1989. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2020, Texas Future Farmers Of America Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Future Farmers Of America Foundation Inc 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 12/2020, Texas Future Farmers Of America Foundation Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $970.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHEN AGRICULTURAL EDUCATION AND THE TEXAS FFA PROGRAM, SO EACH STUDENT CAN DEVELOP THEIR POTENTIAL FOR PERSONAL GROWTH, CAREER SUCCESS, AND LEADERSHIP IN A GLOBAL MARKETPLACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO TOP FFA MEMBERS.
YOUTH & EDUCATION PROJECTS - SUPPORTS PROJECTS PROMOTING THE ASSOCIATION AND AGRICULTURAL EDUCATION THROUGHOUT THE STATE INCLUDING RELATED CONFERENCES, CONVENTIONS, AND MEETINGS.
SCHOLARSHIPS TO TOP FFA MEMBERS.
YOUTH & EDUCATION PROJECTS - SUPPORTS PROJECTS PROMOTING THE ASSOCIATION AND AGRICULTURAL EDUCATION THROUGHOUT THE STATE INCLUDING RELATED CONFERENCES, CONVENTIONS, AND MEETINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Alejandro Executive Director | Officer | 40 | $112,738 |
Mitchell Dale Chairman | OfficerTrustee | 2 | $0 |
Bruce Cobb Vice Chairman | OfficerTrustee | 2 | $0 |
Ray Pieniazek Treasurer | OfficerTrustee | 2 | $0 |
Rex Isom Secretary | OfficerTrustee | 2 | $0 |
Chris Boleman Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,182,473 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,473 |
| Total Program Service Revenue | $0 |
| Investment income | $185,439 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $365,468 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,810,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $295,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,878 |
| Compensation of current officers, directors, key employees. | $18,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,842 |
| Pension plan accruals and contributions | $7,440 |
| Other employee benefits | $4,393 |
| Payroll taxes | $9,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,345 |
| Fees for services: Other | $3,498 |
| Advertising and promotion | $0 |
| Office expenses | $17,839 |
| Information technology | $115,208 |
| Royalties | $0 |
| Occupancy | $20,915 |
| Travel | $960 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,703 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,585 |
| Insurance | $1,590 |
| All other expenses | $0 |
| Total functional expenses | $970,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,219 |
| Savings and temporary cash investments | $1,349,351 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $61,167 |
| 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 | $9,898 |
| Investments—publicly traded securities | $12,755,111 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,218,746 |
| Accounts payable and accrued expenses | $51,302 |
| Grants payable | $735,375 |
| Deferred revenue | $35,400 |
| 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 | $822,077 |
| Net assets without donor restrictions | $7,586,280 |
| Net assets with donor restrictions | $5,810,389 |
| 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 | $14,218,746 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Texas Future Farmers Of America Foundation Inc has recieved totaling $129,027.
| Awarding Organization | Amount |
|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX PURPOSE: TO PROVIDE FUNDS FOR FFA SCHOLARSHIPS. | $101,250 |
Southwestern Exposition And Livestock Show Fort Worth, TX PURPOSE: EDUCATION | $8,000 |
Community Foundation Of North Texas Fort Worth, TX PURPOSE: FOR 93RD ANNUAL TEXAS FFA FOUNDATION | $8,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $6,300 |
Joe And Nan Johnson Family Foundation Wichita Falls, TX PURPOSE: GENERAL OPERATIONS | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $477 |
Endowment Analysis
| Beg. Balance | $8,514,216 |
| Earnings | $1,126,393 |
| Admin Expense | $43,898 |
| Net Contributions | $95,000 |
| Grants | $48,873 |
| Ending Balance | $9,642,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Equal Heart Dallas, TX | $4,344,123 | $9,037,240 |
Oklahoma Restaurant Association Oklahoma City, OK | $968,278 | $1,465,043 |
Manna House Midlothian, TX | $859,835 | $1,086,475 |
Texas Future Farmers Of America Foundation Inc Austin, TX | $14,218,746 | $1,810,105 |
Grow Dat Youth Farm New Orleans, LA | $794,685 | $1,279,279 |
Cafe Hope Inc Marrero, LA | $300,312 | $1,047,663 |
Three Sisters Kitchen Albuquerque, NM | $741,147 | $1,214,959 |
Cleverley Stone Foundation Houston, TX | $138,342 | $960,323 |
Vaad Hakashrus Of Dallas Inc Dallas, TX | $456,990 | $849,064 |
Longview Dream Center Inc Longview, TX | $1,173,110 | $488,981 |
The Souper Bowl Of Caring Inc Houston, TX | $129,844 | $395,422 |
Natural Soybean And Grain Alliance Inc Fayetteville, AR | $123,126 | $320,288 |