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Nonprofiteer
← THE GEORGIA FFA FOUNDATION INC

Form 990 for tax year 2023

Filed by THE GEORGIA FFA FOUNDATION INC.

Totals

Total revenue
$1,449,262
Total expenses
$1,270,092
Contributions and grants received
$598,678
Grants paid
$0
Program service revenue
$0
Investment income
$91,310
Other revenue
$759,274
Total assets, end of year
$1,799,415
Total liabilities, end of year
$2,081
Net assets or fund balances, end of year
$1,797,334
Program services expenses (Part IX)
$866,336
Management and general expenses
$193,378
Fundraising expenses
$210,378
Program service expenses (Part III)
$866,336

Program services were 68.2% 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.

  • 1f · All other contributions, gifts and grants

    $598,678

  • 3 · Investment income

    total $49,908 · related or exempt $49,908

  • 7a · Gross sales of assets other than inventory

    other assets $41,402

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $41,402

  • 7d · Net gain or loss

    total $41,402 · related or exempt $41,402

  • 8a · Fundraising events: gross income

    $250,267

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $250,267 · excluded $0

  • 11a · Other revenue: GALA

    total $500,178 · related or exempt $500,178

  • 11b · Other revenue: MISC REVENUE

    total $8,829 · related or exempt $8,829

  • 11e · Other revenue, total

    $509,007

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $31,380 · management and general $31,380

  • 10 · Payroll taxes

    total $2,671 · management and general $2,671

  • 11f · Fees: investment management

    total $14,137 · management and general $14,137

  • 12 · Advertising and promotion

    total $1,848 · management and general $1,848

  • 24a · Other expenses: GALA

    total $329,652 · program services $329,652

  • 24b · Other expenses: AWARDS AND GRANTS

    total $214,757 · program services $214,757

  • 24c · Other expenses: CAMP WILDLIFE BANQUET E

    total $193,184 · fundraising $193,184

  • 24d · Other expenses: NEWTON CO RODEO EXPENSE

    total $94,000 · program services $94,000

  • 24e · All other expenses

    total $388,463 · program services $227,927 · management and general $143,342 · fundraising $17,194

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,241 · end of year $311,787

  • 2 · Savings and temporary cash investments

    beginning of year $1,236,050 · end of year $1,487,628

  • 25 · Other liabilities

    beginning of year $2,099 · end of year $2,081

  • 27 · Net assets without donor restrictions

    beginning of year $1,390,192 · end of year $1,797,334

Mission and programs · 2023

Mission

TO FURTHER THE EDUCATION AND DEVELOPMENT OF GEORGIA FFA MEMBERS.

Activities or mission (Part I)

THE GEORGIA FFA FOUNDATION, INC. IS A NONPROFIT, TAX-EXEMPT, 501(C)3 ORGANIZATION COMMITTED TO OBTAINING AND PROVIDING THE RESOURCES NEEDED TO ADVANCE GEORGIA FFA.

  • AWARDS TO GEORGIA FFA MEMBERS FOR THEIR CONTESTS AND GRANTS FOR THEIR PROJECTS, INCLUDING JUDGING FEES THAT BENEFIT NUMEROUS CHAPTERS AND MANY MEMBERS DIRECTLY.

  • AWARDS TO GEORGIA FFA MEMBERS FOR THEIR CONTESTS AND GRANTS FOR THEIR PROJECTS, INCLUDING JUDGING FEES THAT BENEFIT NUMEROUS CHAPTERS AND MANY MEMBERS DIRECTLY.

    Expenses $866,336

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Camp

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Greg Brooks

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jim East

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Norman Gay

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Stan Mitchell

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Erick Robinson

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Michael Stalvey

    MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Billy Hughes

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Ben Lastly

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Ruthie Somerlot

    TREASURER

    Total calculated
    $0
    Hours/week
    0

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
7 February 2025
IRS schema version
2023v6.0
Source object
202541119349301354

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