Form 990 for tax year 2023
Filed by TENNESSEE FUTURE FARMERS OF AMERICA FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 14 April 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $5,524,107
- Total expenses
- $1,168,080
- Contributions and grants received
- $5,015,377
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $502,266
- Other revenue
- $6,464
- Total assets, end of year
- $14,849,136
- Total liabilities, end of year
- $453,067
- Net assets or fund balances, end of year
- $14,396,069
- Program services expenses (Part IX)
- $931,802
- Management and general expenses
- $183,264
- Fundraising expenses
- $53,014
- Program service expenses (Part III)
- $931,802
Program services were 79.8% 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.
-
1e · Government grants (contributions)
$4,310,000
-
1f · All other contributions, gifts and grants
$705,377
-
3 · Investment income
total $502,266 · excluded $502,266
-
11a · Other revenue: OTHER INCOME
total $6,464 · excluded $6,464
-
11e · Other revenue, total
$6,464
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $247,965 · program services $105,645 · management and general $122,713 · fundraising $19,607
-
10 · Payroll taxes
total $20,511 · program services $8,739 · management and general $10,150 · fundraising $1,622
-
11a · Fees: management
total $3,120 · management and general $3,120
-
11c · Fees: accounting
total $7,356 · management and general $7,356
-
11g · Fees: other
total $4,454 · fundraising $4,454
-
12 · Advertising and promotion
total $3,225 · management and general $3,225
-
13 · Office expenses
total $30,180 · management and general $6,818 · fundraising $23,362
-
17 · Travel
total $30,267 · program services $9,975 · management and general $17,170 · fundraising $3,122
-
19 · Conferences, conventions and meetings
total $118,361 · program services $118,361
-
21 · Payments to affiliates
total $391,316 · program services $391,316
-
23 · Insurance
total $2,252 · management and general $2,252
-
24a · Other expenses: PROGRAMS & PROJECTS
total $216,955 · program services $216,955
-
24b · Other expenses: SCHOLARSHIPS & AWARDS
total $76,326 · program services $76,326
-
24c · Other expenses: TELEPHONE & WEBSITE
total $8,472 · program services $4,236 · management and general $3,389 · fundraising $847
-
24d · Other expenses: BOOKS, SUBSCRIPTIONS, DUE
total $2,840 · management and general $2,840
-
24e · All other expenses
total $4,480 · program services $249 · management and general $4,231
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,402,388 · end of year $1,434,282
-
2 · Savings and temporary cash investments
end of year $4,070,965
-
4 · Accounts receivable
end of year $35,000
-
9 · Prepaid expenses and deferred charges
beginning of year $1,364 · end of year $1,657
-
11 · Investments: publicly traded securities
beginning of year $8,258,273 · end of year $9,023,079
-
12 · Investments: other securities
beginning of year $148,992 · end of year $155,408
-
15 · Other assets
beginning of year $10,452 · end of year $128,745
-
21 · Escrow or custodial account liability
beginning of year $450,196 · end of year $449,991
-
25 · Other liabilities
end of year $3,076
-
27 · Net assets without donor restrictions
beginning of year $2,437,037 · end of year $3,563,385
-
28 · Net assets with donor restrictions
beginning of year $6,934,236 · end of year $10,832,684
Mission and programs · 2023
Mission
TO SUPPORT AGRICULTUREAL EDUCATION IN TENNESSEE.
-
NONPROFIT ORGANIZATION IN SUPPORT OF AGRICULTURAL EDUCATION IN TENNESSEE.
Expenses $931,802
As filed on the 2023 return.
Listed in Part VII
-
Aaron Blake WallsAARON BLAKE WALLS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
David ArwoodDAVID ARWOOD
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Tim ChowningTIM CHOWNING
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Shannon TurnerSHANNON TURNER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Michael VestalMICHAEL VESTAL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Olivia LockOLIVIA LOCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Amy ColletteAMY COLLETTE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Stena MeadowsSTENA MEADOWS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anthony PriceANTHONY PRICE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Scott BohanonSCOTT BOHANON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Andrea FlynnANDREA FLYNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Katelyn WattenbargerKATELYN WATTENBARGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jon HoldenJON HOLDEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jason KempJASON KEMP
BOARD MEMBER
- 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
- 3 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521549349300547
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