← OKLAHOMA FUTURE FARMERS OF AMERICA FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by OKLAHOMA FUTURE FARMERS OF AMERICA FOUNDATION INCORPORATED.

Totals

Total revenue: $1,710,186
Total expenses: $1,447,690
Contributions and grants received: $591,626
Grants paid: $0
Program service revenue: $1,095,607
Investment income: $22,953
Other revenue: $0
Total assets, end of year: $10,637,390
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $10,637,390
Program services expenses (Part IX): $1,282,662
Management and general expenses: $165,028
Fundraising expenses: $0
Program service expenses (Part III): $1,282,662

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$163,078
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$428,548
1g · Noncash contributions included above

$0
2a · Program service revenue: Convention, Conferences, Contests

total $643,540 · related or exempt $643,540 · unrelated business $0 · excluded $0
2b · Program service revenue: Scholarships

total $278,852 · related or exempt $278,852 · unrelated business $0 · excluded $0
2c · Program service revenue: Blue Jacket Program and Grants

total $85,185 · related or exempt $85,185 · unrelated business $0 · excluded $0
2d · Program service revenue: Other Programs

total $88,030 · related or exempt $88,030 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $22,953 · related or exempt $22,953 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$163,078
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0
2 · Grants to domestic individuals

total $0
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $85,571 · management and general $85,571
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $0
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $0
10 · Payroll taxes

total $0
11c · Fees: accounting

total $2,900 · management and general $2,900
11g · Fees: other

total $52,239 · management and general $52,239
13 · Office expenses

total $22,323 · management and general $22,323
14 · Information technology

total $1,995 · management and general $1,995
19 · Conferences, conventions and meetings

total $748,609 · program services $748,609
24a · Other expenses: Scholarships

total $251,565 · program services $251,565 · management and general $0 · fundraising $0
24b · Other expenses: Grants

total $103,002 · program services $103,002 · management and general $0 · fundraising $0
24c · Other expenses: Blue Jacket Program

total $20,160 · program services $20,160 · management and general $0 · fundraising $0
24d · Other expenses: Gala

total $132,649 · program services $132,649 · management and general $0 · fundraising $0
24e · All other expenses

total $26,677 · program services $26,677

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $592,381 · end of year $565,397
2 · Savings and temporary cash investments

beginning of year $193,115 · end of year $301,199
3 · Pledges and grants receivable

beginning of year $0
4 · Accounts receivable

beginning of year $0
5 · Loans and receivables from officers and key people

beginning of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0
7 · Other notes and loans receivable

beginning of year $0
8 · Inventories for sale or use

beginning of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0
11 · Investments: publicly traded securities

beginning of year $0
12 · Investments: other securities

beginning of year $9,589,398 · end of year $9,770,794
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0
27 · Net assets without donor restrictions

beginning of year $980,027 · end of year $866,596
28 · Net assets with donor restrictions

beginning of year $9,394,867 · end of year $9,770,794

Mission and programs · 2023

Mission

Provides Oklahoma FFA student members with leadership development training and information on new techniques and opportunities in the field of agriculture. Awards and scholarships are given to members for high achievement.

State Convention, Ag Teacher Academy, Agriscience Fair, Conferences: Provides student FFA members with information on new techniques and opportunities in the field of agriculture. Provides leadership development and training. Awards are given to members for high achievement.

Expenses $748,609 · Revenue $643,540
Scholarships: Given to state officers for their contributions to Oklahoma FFA, other scholarships given to members seeking agricultural degrees as well as speech contest winners, career development, proficiency, leadership development and future ag teachers.

Expenses $251,565 · Revenue $278,852
Grants and Blue Jacket Program: Grants are given to Oklahoma FFA chapters. Blue Jacket Program provides a FFA Jacket to those members who do not have the means to purchase.

Expenses $123,163 · Revenue $85,185
Other program services

Expenses $159,325 · Revenue $88,030

As filed on the 2023 return.

Listed in Part VII

Jacey Fye

Executive Director

Total calculated

$78,750

From this org

$78,750

From related orgs

$0

Other

$0

Hours/week

40
Mary Baldwin

At Large

Total calculated

$0

Hours/week

1
Scott Nemecek

State Advisor

Total calculated

$0

Hours/week

1
Trevor Lucas

Executive Secretary

Total calculated

$0

Hours/week

1
Skye McNiel

Elected Seats

Total calculated

$0

Hours/week

1
Bruce Farquhar

Elected Seat

Total calculated

$0

Hours/week

1
Gary Clark

Member

Total calculated

$0

Hours/week

1
Michelle Clogston

Member

Total calculated

$0

Hours/week

1
Raymond Cockrum

Member

Total calculated

$0

Hours/week

1
Jayne Craig

Member

Total calculated

$0

Hours/week

1
Steven Davis

Memeber

Total calculated

$0

Hours/week

1
Thad Doye

Member

Total calculated

$0

Hours/week

1
Randy Gilbert

Member

Total calculated

$0

Hours/week

1
Suzanne Gilbert

Member

Total calculated

$0

Hours/week

1
Doug Harryman

Member

Total calculated

$0

Hours/week

1
Larry Harvey

Member

Total calculated

$0

Hours/week

1
Tiffini Jackson

Member

Total calculated

$0

Hours/week

1
Keith Kisling

Member

Total calculated

$0

Hours/week

1
Mike Hilliary

Member

Total calculated

$0

Hours/week

1
Dwight Stoddard

Member

Total calculated

$0

Hours/week

1
Marty Summers

Member

Total calculated

$0

Hours/week

1
Jim Pilkington

Member

Total calculated

$0

Hours/week

1
Dr Robert Wells

Member

Total calculated

$0

Hours/week

1
Wes Watkins

Member

Total calculated

$0

Hours/week

1
Brett Ramsey

Member

Total calculated

$0

Hours/week

1
Brent Kisling

Chairman

Total calculated

$0

Hours/week

5
Phil Berkenbile

Vice Chair

Total calculated

$0

Hours/week

1
Scott Eisenhauer

Past Chair

Total calculated

$0

Hours/week

1
Lee Coker

Treasurer

Total calculated

$0

Hours/week

1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2023
Filed: 14 November 2024
IRS schema version: 2023v5.0
Source object: 202403199349318230

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