The Wisconsin Ffa Foundation Inc
- Assets
- $2.2m
- Revenue
- $598.6k
- Investments
- $10.9k
- Employees
- 4
- Location
- Madison, WI
- Founding
- 01/1984
- Data as of
- 07/2021
- EIN
- 93-0846582
Organization Overview
The Wisconsin Ffa Foundation Inc is located in Madison, WI. The organization was established in 1984. 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 07/2021, Wisconsin Ffa Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Ffa 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 07/2021, Wisconsin Ffa Foundation Inc generated $598.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $560.5k during the year ending 07/2021. While expenses have increased by 2.9% per year over the past 6 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.
Since 2015, Wisconsin Ffa Foundation Inc has awarded 22 individual grants totaling $988,388. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENSURE ACCESS TO AGRICULTURAL EDUCATION AND FFA FOR ALL STUDENTS IN WISCONSIN THROUGH EXCEPTIONAL FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WISCONSIN FFA FOUNDATION HONORS FFA MEMBERS THROUGH PROFICIENCY AWARDS, SUPERVISED AGRICULTURAL EXPERIENCE (SAE) PROGRAM GRANTS, POST-SECONDARY EDUCATION SCHOLARSHIPS, AND STATE FFA DEGREES. THE MEMBERS EARNING THE HIGHEST ACHIEVEMENTS ARE REWARDED WITH CASH AWARDS, GRANT MONIES, SCHOLARSHIP MONIES, PLAQUES, AND TROPHIES. THE STATE FFA CONVENTION IS HELD EACH SUMMER IN MADISON. ABOUT 3,400 PEOPLE ATTEND THE CONVENTION. THE CONVENTION FEATURES COMPETITIONS, EDUCATIONAL WORKSHOPS AND OTHER EXPERIENCES, AND RECOGNITION OF MEMBERS AND CHAPTERS' ACCOMPLISHMENTS. LEADERSHIP PROGRAMMING IS A CORE PIECE OF THE WISCONSIN FFA FOUNDATION'S PROGRAMS. OUR OUTREACH SUPPORTS TRAINING AND DEVELOPMENT OF THE STATE FFA OFFICERS SO THEY WILL HAVE THE TOOLS TO IMPACT THEIR LOCAL MEMBERS AND CHAPTERS DURING THEIR YEAR OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Hromyak Executive Director | Officer | 50 | $73,455 |
Janet Schneider President | OfficerTrustee | 1 | $0 |
Jesse Singerhouse Secretary | OfficerTrustee | 1 | $0 |
Trever Athorp Treasurer | OfficerTrustee | 1 | $0 |
Jessie Kreke Vice President | OfficerTrustee | 1 | $0 |
Tom Bressner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,299 |
| Related organizations | $0 |
| Government grants | $24,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $492,828 |
| Noncash contributions included in lines 1a–1f | $4,299 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,127 |
| Total Program Service Revenue | $0 |
| Investment income | $66,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,131 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $598,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $202,866 |
| Grants and other assistance to domestic individuals. | $123,183 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,543 |
| Compensation of current officers, directors, key employees. | $25,740 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $48,339 |
| Pension plan accruals and contributions | $877 |
| Other employee benefits | $0 |
| Payroll taxes | $9,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,986 |
| Fees for services: Other | $4,902 |
| Advertising and promotion | $0 |
| Office expenses | $19,169 |
| Information technology | $12,361 |
| Royalties | $0 |
| Occupancy | $6,600 |
| Travel | $1,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,751 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,370 |
| All other expenses | $7,051 |
| Total functional expenses | $560,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,917 |
| Savings and temporary cash investments | $487,584 |
| Pledges and grants receivable | $122,315 |
| 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 | $1,851 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,472,561 |
| Investments—other securities | $10,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,377 |
| Total assets | $2,205,553 |
| Accounts payable and accrued expenses | $58,264 |
| 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 | $25,009 |
| Total liabilities | $83,273 |
| Net assets without donor restrictions | $722,390 |
| Net assets with donor restrictions | $1,399,890 |
| 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 | $2,205,553 |
Grants Awarded
Over the last fiscal year, The Wisconsin Ffa Foundation Inc has awarded $173,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: GENERAL SUPPORT | $144,797 |
Sauk City, WI PURPOSE: FUNDS GRANTED PROVIDED INSTRUCTIONAL KITS FOR TEACHERS AS WELL AS EDUCATIONAL RESOURCES AND INQUIRY BASED TEACHING SKILLS TO IMPLEMENT ACTIVITIES IN THE CLASSROOMS FOR AGRICULTURAL EDUCATION | $18,083 |
Spencer, WI PURPOSE: GENERAL SUPPORT | $10,620 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that The Wisconsin Ffa Foundation Inc has recieved totaling $71,410.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: YOUTH DEVELOPMENT | $22,500 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN PURPOSE: 2021 PROF GRANT | $12,800 |
Andis Foundation Inc Sturtevant, WI PURPOSE: SAE BEEF AND START UPS | $10,000 |
Kalscheur Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Seneca Foods Foundation Fairport, NY PURPOSE: GENERAL FUNDS | $7,320 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,515 |
Endowment Analysis
| Beg. Balance | $995,788 |
| Earnings | $148,943 |
| Net Contributions | $30,831 |
| Grants | $38,794 |
| Ending Balance | $1,136,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
Iowa Ffa Foundation Ankeny, IA | $12,403,855 | $1,572,741 |
Future Farmers Of America Ankeny, IA | $634,939 | $1,032,160 |
Wisconsin 4-H Foundation Inc Madison, WI | $5,255,333 | $529,277 |
Allegan County Youth Livestock Leaders Allegan, MI | $21,744 | $673,258 |
Future Farmers Of America Springfield, IL | $314,037 | $700,241 |
Illinois Foundation Future Farmers Of America Inc Springfield, IL | $1,899,527 | $790,765 |
Wisconsin Association Of Ffa Incorporated Madison, WI | $865,211 | $467,320 |
Clare County Junior Livestock Association Clare, MI | $31,400 | $575,231 |
The Wisconsin Ffa Foundation Inc Madison, WI | $2,205,553 | $598,609 |
Kent County Youth Agricultural Association Lowell, MI | $3,983,263 | $942,280 |
Michigan 4-H Foundation East Lansing, MI | $11,753,890 | $218,214 |