Form 990 for tax year 2022
Filed by COLORADO FUTURE FARMERS OF AMERICA FOUNDATION.
Totals
- Total revenue
- $6,061,432
- Total expenses
- $1,038,692
- Contributions and grants received
- $5,734,522
- Grants paid
- $2,500
- Program service revenue
- $0
- Investment income
- $106,890
- Other revenue
- $220,020
- Total assets, end of year
- $9,760,406
- Total liabilities, end of year
- $462,428
- Net assets or fund balances, end of year
- $9,297,978
- Program services expenses (Part IX)
- $772,316
- Management and general expenses
- $191,398
- Fundraising expenses
- $74,978
- Program service expenses (Part III)
- $772,316
Program services were 74.4% 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.
-
1b · Membership dues
$98,933
-
1f · All other contributions, gifts and grants
$5,635,589
-
1g · Noncash contributions included above
$4,621,400
-
3 · Investment income
total $106,890 · related or exempt $106,890
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $40,655
-
6c · Rental income or loss
real property $40,655
-
6d · Net rental income or loss
total $40,655 · related or exempt $40,655
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$196,326
-
8b · Fundraising events: direct expenses
$124,150
-
8c · Net income from fundraising events
total $72,176
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: ADVERTISING IN PUBLICATIO
total $26,850 · related or exempt $26,850
-
11b · Other revenue: EXPENSE REIMBURSEMENTS
total $80,339 · related or exempt $80,339
-
11e · Other revenue, total
$107,189
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,500 · program services $2,500
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $229,558 · program services $91,823 · management and general $91,823 · fundraising $45,912
-
8 · Pension plan contributions
total $15,216 · program services $6,086 · management and general $3,044 · fundraising $6,086
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $15,570 · program services $6,228 · management and general $3,114 · fundraising $6,228
-
11a · Fees: management
total $74,659 · program services $60,904 · management and general $13,755
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $3,457 · program services $363 · management and general $2,370 · fundraising $724
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $31,197 · program services $31,197
-
17 · Travel
total $19,079 · program services $468 · management and general $18,611
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $8,702 · program services $8,702
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $21,679 · program services $21,679
-
23 · Insurance
total $21,867 · program services $14,596 · management and general $7,271
-
24a · Other expenses: AG ED CAMPAIGN
total $417,785 · program services $416,985 · fundraising $800
-
24b · Other expenses: GRANT & CONTRACT EXPENSE
total $93,150 · program services $93,150
-
24c · Other expenses: INVESTMENT FEES
total $21,683 · management and general $21,683
-
24d · Other expenses: SUPPLIES & MATERIALS
total $12,682 · program services $7,592 · management and general $4,400 · fundraising $690
-
24e · All other expenses
total $49,908 · program services $10,043 · management and general $25,327 · fundraising $14,538
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $279,086 · end of year $540,845
-
3 · Pledges and grants receivable
beginning of year $295,000 · end of year $248,800
-
4 · Accounts receivable
beginning of year $19,000 · end of year $11,120
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $11,620 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$5,146,320
-
10b · Land, buildings and equipment: accumulated depreciation
$49,367
-
10c · Land, buildings and equipment, net
beginning of year $33,907 · end of year $5,096,953
-
11 · Investments: publicly traded securities
beginning of year $3,366,107 · end of year $3,518,872
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $49,107 · end of year $343,816
-
17 · Accounts payable and accrued expenses
beginning of year $6,202
-
19 · Deferred revenue
beginning of year $13,200 · end of year $10,900
-
23 · Secured mortgages and notes payable
end of year $151,528
-
25 · Other liabilities
end of year $300,000
-
27 · Net assets without donor restrictions
beginning of year $3,374,983 · end of year $5,700,449
-
28 · Net assets with donor restrictions
beginning of year $659,442 · end of year $3,597,529
Mission and programs · 2022
Mission
THE COLORADO FFA FOUNDATION SEEKS RESOURCES - HUMAN, FINANCIAL AND IN-KIND - TO SUPPORT AGRICULTURAL EDUCATION IN COLORADO, INCLUDING STUDENTS )FFA, ATA AND CYFEA), TEACHERS (CVATA) AND ALUMNI.
Activities or mission (Part I)
DEVELOP AGRICULTURAL LEADERS
-
The Agricultural for All Grant Program is used to assist students (FFA Members) enrolled in agricultural education courses in Colorado start or enhance an enterprise within their supervised agriculture experience program (SAE)a work based learning program. Those receiving a grant are paired with their donor or a mentor to provide advice, offer an outside perspective, assist with SAE/business development, and foster the development of a business relationship. Grants are typically between $1000-$2000 for individuals depending on the size and scope of the SAE. School based applicants are usually higher based on the number of students being served through the program.
Expenses $477,872
-
FFA PROVIDES AN AWARDS AND SCHOLORSHIPS PROGRAM TO RECOGNIZE FFA MEMBERS WHO DEMONSTRATE EXCEPTIONAL PROGRESS IN THEIR AGRICULTURAL ENTERPRISES AND STUDIES IN AREAS RANGING FROM AGRICULTURAL SALES TO WILDLIFE MANAGEMENT. CASH AND TRAVEL AWARDS AND SCHOLORSHIPS ARE GIVEN TO TOP WINNERS. APPROXIMATELY 250 STUDENTS PARTICIPATED IN THE AWARDS AND SCHOLORSHIP PROGRAM LAST YEAR.
Expenses $281,169
-
CAREER DEVELOPMENT AWARDS - THE COLORADO FFA ASSOCIATION, IN ASSOCIATION WITH CSU, OFFERS 18 DIFFERENT COMPETITIVE EVENTS THAT CHALLENGE FFA MEMBERS TO USE THEIR SPECIFIC AGRICULTURAL KNOWLEDGE AS WELL AS A WIDE RANGE OF EXPERTISE FROM COMMUNICATION SKILLS TO ANALYTICAL AND CRITICAL THINKING SKILLS. THE EVENTS ARE DESIGNED TO HELP PREPARE STUDENTS FOR CAREES IN AGRICULTURE. FUNDING PROVIDES PLAQUES, MEDALS AND CASH AWARDS TO THE TOP THREE, AND ONE TRAVELSCHOLORSHIP TO THE WINNER THAT WILL REPRESENT COLORADO AT THE NATIONAL COMPETITION. APPROXIMATELY 1,275 STUDENTS PARTICPATE ANNUALLY.
Expenses $13,275
As filed on the 2022 return.
Listed in Part VII
-
CATHARINE SOUKUP
EXEC COMMITTEE
- Total calculated
- $0
- Hours/week
- 0
-
WES SARGENT
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
MARY GEARHART
EXEC COMMITTEE
- Total calculated
- $0
- Hours/week
- 0
-
MARK TRUAX
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
DALE MCCALL
EXEC COMMITTEE
- Total calculated
- $0
- Hours/week
- 0
-
KATIE HATCH
CVATA REP
- Total calculated
- $0
- Hours/week
- 0.5
-
CASSIDY WOODARD
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
JOHN NORWOOD
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
EMILY FICKBOHM
AG ED PROG DIRE
- Total calculated
- $0
- Hours/week
- 0.5
-
CHARLIE JOHNSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
GLENDA MOSTEK
Chairman
- Total calculated
- $0
- Hours/week
- 0.5
-
KENTON OCHSNER
CFFA ASSOC REP
- Total calculated
- $0
- Hours/week
- 0.5
-
KELLIE ENNS
CSU AG ED REP
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVE SUMMERS
CFFA ALUMNI
- Total calculated
- $0
- Hours/week
- 0.5
-
TELBE STOREBECK
EXEC COMMITTEE
- Total calculated
- $0
- Hours/week
- 0
-
RYAN HEMPHILL
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
CARA LACOVETTO
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
HOLLY NEQUETTE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
KACIE SALLEE
Trustee
- Total calculated
- $0
- Hours/week
- 0
-
DON THORN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
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
- 2022
- Filed
- 19 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410509349300406
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