Form 990 for tax year 2024
Filed by THE MINNESOTA FFA FOUNDATION INCORPORATED.
Totals
- Total revenue
- $1,040,684
- Total expenses
- $751,970
- Contributions and grants received
- $780,598
- Grants paid
- $116,837
- Program service revenue
- $0
- Investment income
- $261,201
- Other revenue
- -$1,115
- Total assets, end of year
- $4,414,265
- Total liabilities, end of year
- $23,097
- Net assets or fund balances, end of year
- $4,391,168
- Program services expenses (Part IX)
- $547,925
- Management and general expenses
- $157,815
- Fundraising expenses
- $46,230
- Program service expenses (Part III)
- $547,925
Program services were 72.9% 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.
-
1c · Fundraising events
$15,751
-
1f · All other contributions, gifts and grants
$764,847
-
1g · Noncash contributions included above
$210
-
3 · Investment income
total $113,088 · excluded $113,088
-
7a · Gross sales of assets other than inventory
securities $2,473,489
-
7b · Less cost or other basis and sales expenses
securities $2,325,376
-
7c · Gain or loss
securities $148,113
-
7d · Net gain or loss
total $148,113 · excluded $148,113
-
8a · Fundraising events: gross income
$8,043
-
8a · Fundraising events: contributions included on line 1c
$15,751
-
8b · Fundraising events: direct expenses
$9,158
-
8c · Net income from fundraising events
total -$1,115 · excluded -$1,115
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,235 · program services $5,235
-
2 · Grants to domestic individuals
total $111,602 · program services $111,602
-
5 · Compensation of officers, directors and key employees
total $93,771 · program services $65,640 · management and general $9,377 · fundraising $18,754
-
7 · Other salaries and wages
total $103,143 · program services $72,200 · management and general $10,314 · fundraising $20,629
-
10 · Payroll taxes
total $12,710 · program services $8,897 · management and general $1,271 · fundraising $2,542
-
11c · Fees: accounting
total $46,889 · management and general $46,889
-
11f · Fees: investment management
total $37,504 · management and general $37,504
-
12 · Advertising and promotion
total $2,680 · management and general $2,680
-
13 · Office expenses
total $8,726 · management and general $8,726
-
14 · Information technology
total $12,209 · management and general $12,209
-
16 · Occupancy
total $3,324 · management and general $3,324
-
17 · Travel
total $14,350 · program services $8,610 · management and general $1,435 · fundraising $4,305
-
23 · Insurance
total $4,740 · management and general $4,740
-
24a · Other expenses: STATE CONVENTION
total $104,989 · program services $104,989
-
24b · Other expenses: YOUTH LEADERSHIP
total $96,783 · program services $96,783
-
24c · Other expenses: TEACHER PREPARATION
total $49,134 · program services $49,134
-
24d · Other expenses: OTHER EXPENSES
total $44,181 · program services $24,835 · management and general $19,346
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,500 · end of year $181,475
-
2 · Savings and temporary cash investments
beginning of year $429,042 · end of year $502,653
-
4 · Accounts receivable
beginning of year $63,000 · end of year $41,556
-
8 · Inventories for sale or use
beginning of year $4,257 · end of year $4,257
-
9 · Prepaid expenses and deferred charges
beginning of year $3,496 · end of year $2,556
-
11 · Investments: publicly traded securities
beginning of year $3,313,789 · end of year $3,661,191
-
12 · Investments: other securities
beginning of year $312 · end of year $312
-
15 · Other assets
beginning of year $15,006 · end of year $20,265
-
17 · Accounts payable and accrued expenses
beginning of year $9,503 · end of year $23,097
-
27 · Net assets without donor restrictions
beginning of year $811,047 · end of year $1,419,982
-
28 · Net assets with donor restrictions
beginning of year $3,009,852 · end of year $2,971,186
Mission and programs · 2024
Mission
TO PROVIDE FINANCIAL SUPPORT TO FUTURE FARMERS OF AMERICA (FFA) PROGRAMS AND STUDENTS IN MINNESOTA.
Activities or mission (Part I)
TO PROVIDE FINANCIAL SUPPORT TO FFA (FORMERLY FUTURE FARMERS OF AMERICA) PROGRAMS AND STUDENTS IN MINNESOTA.
-
STATE CONVENTION:SUPPORT OF STATE CONVENTION PREPARATION, EVENT AND EVENT FOLLOW-UP. SUPPORT OF THE KEYSTONE EVENT FOR MINNESOTA FFA AS DIRECTED TOWARDS FACILITY CHARGES, STUDENT AWARDS, TECHNOLOGY, CAREER DEVELOPMENT EVENT MATERIALS, SPEAKERS AND CAREER FAIR EXPENSES. 5800 STUDENTS ATTENDED THE STATE CONVENTION IN 2024.
Expenses $180,385
-
YOUTH LEADERSHIP:SUPPORT TO GROW LEADERSHIP. USUALLY CONDUCTED AT THE CHAPTER, REGIONAL OR STATE LEVEL. NEARLY $30,000 IS PROVIDED ANNUALLY TO SUPPORT THE MINNESOTA STATE FFA LEADERSHIP CAMPS AND CONFERENCES, INCLUDING STATE GREENHAND LEADERSHIP CAMP, STATE LEADERSHIP CAMP FOR CHAPTER LEADERS AND AG POLICY EXPERIENCE, BLAST OFF, NLCSO, POWER, FFA DAY AT THE CAPITAL AND ROLO.
Expenses $166,285
-
SCHOLARSHIPS:STUDENTS ARE ENTRUSTED TO USE THESE FUNDS TO ADVANCE THEIR PROJECT OR EDUCATION. VARYING AMOUNTS IN SCHOLARSHIP FUNDS ARE PROVIDED TO UNIVERSITY STUDENTS MAJORING IN AGRICULTURAL EDUCATION. SUPPORT IS PROVIDED TO STUDENTS PARTICIPATING IN THE WASHINGTON LEADERSHIP CONFERENCE AS WELL AS STUDENTS STUDYING INTERNATIONAL AGRICULTURE. ALSO THOUSANDS OF DOLLARS ARE PROVIDED ANNUALLY TO PROVIDE NEW FFA MEMBERS WITH OFFICIAL FFA JACKETS. 466 STUDENTS RECEIVED JACKETS IN 2024
Expenses $116,837 · Grants $116,837
-
TEACHER PREPARATION:SUPPORT GIVEN TO ASSIST IN THE DEVELOPMENT OF NEW TEACHERS OR EXPERIENCED TEACHERS. UNDER THE DIRECTION AND COORDINATION OF THE MINNESOTA ASSOCIATION OF AGRICULTURAL EDUCATORS, TEACHERS ARE PROVIDED OPPORTUNITIES TO ATTEND WORKSHOPS AND LEARN FROM OTHERS IN THE PROFESSION. THIS SUPPORT OF TEACHERS TAKES PLACE AT THEIR AGTECH AND SUMMER CONFERENCES.
Expenses $84,418
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jenny DoeringJENNY DOERING
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Staci MartinSTACI MARTIN
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 2
-
Pat DingelsPAT DINGELS
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Julie TeschJULIE TESCH
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Peter GrundmanPETER GRUNDMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patrice BaileyPATRICE BAILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Erin LarsonERIN LARSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Gary SloanGARY SLOAN
EXEC. SPONSOR BOARD
- Total calculated
- $0
- Hours/week
- 2
-
Christa WilliamsonCHRISTA WILLIAMSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nick MilbrandtNICK MILBRANDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lauren StoelLAUREN STOEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lara DurbenLARA DURBEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joe SerbusJOE SERBUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jasmine StringerJASMINE STRINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary WertishGARY WERTISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gail DonkersGAIL DONKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Nathan PurringtonNATHAN PURRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lisa FischerLISA FISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark JirikMARK JIRIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce MathiowetzBRUCE MATHIOWETZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lindsey BrockbergLINDSEY BROCKBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paula MohrPAULA MOHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Valerie VeldeVALERIE VELDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mat VaupelMAT VAUPEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Trudy WastweetTRUDY WASTWEET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tj BrownTJ BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Andrew CannonANDREW CANNON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sue SchatzSUE SCHATZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Val AarsvoldVAL AARSVOLD
EXECUTIVE DIRECTOR
- Total calculated
- $93,771
- From this org
- $93,771
- From related orgs
- $0
- Other
- $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
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543179349308909
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