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Nonprofiteer
← AGRICULTURE FUTURE OF AMERICA INC

Form 990 for tax year 2022

Filed by AGRICULTURE FUTURE OF AMERICA INC.

Totals

Total revenue
$3,256,589
Total expenses
$4,887,788
Contributions and grants received
$1,198,823
Grants paid
$263,169
Program service revenue
$2,351,914
Investment income
-$303,025
Other revenue
$8,877
Total assets, end of year
$6,496,940
Total liabilities, end of year
$425,623
Net assets or fund balances, end of year
$6,071,317
Program services expenses (Part IX)
$3,724,327
Management and general expenses
$791,949
Fundraising expenses
$371,512
Program service expenses (Part III)
$3,724,327

Program services were 76.2% 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

    $1,198,823

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $2,351,914 · excluded $2,351,914

  • 3 · Investment income

    total $288,311 · related or exempt $43,512 · excluded $244,799

  • 7a · Gross sales of assets other than inventory

    other assets -$590,076

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

    other assets $1,260

  • 7c · Gain or loss

    other assets -$591,336

  • 7d · Net gain or loss

    total -$591,336 · related or exempt -$591,336

  • 11a · Other revenue: MERCHANDISE SALES

    total $8,877 · related or exempt $8,877

  • 11e · Other revenue, total

    $8,877

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $263,169 · program services $263,169

  • 5 · Compensation of officers, directors and key employees

    total $407,425 · program services $252,494 · management and general $77,465 · fundraising $77,465

  • 7 · Other salaries and wages

    total $965,686 · program services $705,243 · management and general $138,385 · fundraising $122,059

  • 8 · Pension plan contributions

    total $74,703 · program services $53,934 · management and general $10,793 · fundraising $9,976

  • 9 · Other employee benefits

    total $163,111 · program services $153,944 · management and general $9,167

  • 10 · Payroll taxes

    total $96,399 · program services $42,308 · management and general $42,120 · fundraising $11,971

  • 11b · Fees: legal

    total $38,202 · management and general $38,202

  • 11c · Fees: accounting

    total $210,699 · program services $133,211 · management and general $77,488

  • 11g · Fees: other

    total $372,410 · program services $143,297 · management and general $227,552 · fundraising $1,561

  • 12 · Advertising and promotion

    total $55,043 · program services $31,419 · fundraising $23,624

  • 13 · Office expenses

    total $69,958 · program services $31,738 · management and general $38,220

  • 14 · Information technology

    total $60,148 · program services $40,852 · management and general $19,296

  • 16 · Occupancy

    total $84,750 · program services $65,073 · management and general $19,677

  • 17 · Travel

    total $261,269 · program services $136,915 · fundraising $124,354

  • 19 · Conferences, conventions and meetings

    total $194,011 · program services $124,313 · management and general $69,698

  • 22 · Depreciation, depletion and amortization

    total $120,824 · program services $120,732 · management and general $92

  • 23 · Insurance

    total $28,919 · program services $5,125 · management and general $23,794

  • 24a · Other expenses: HOTELS & MEALS

    total $948,429 · program services $948,429

  • 24b · Other expenses: STAGING & DISPLAYS

    total $262,197 · program services $262,197

  • 24c · Other expenses: PROGRAM & SPEAKERS

    total $206,409 · program services $206,409

  • 24d · Other expenses: EDUCATION & TRAINING

    total $3,525 · program services $3,525

  • 24e · All other expenses

    total $502 · fundraising $502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,500,825 · end of year $1,203,702

  • 4 · Accounts receivable

    beginning of year $155,440 · end of year $850,764

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,910 · end of year $28,606

  • 10a · Land, buildings and equipment: cost or other basis

    $969,472

  • 10b · Land, buildings and equipment: accumulated depreciation

    $761,690

  • 10c · Land, buildings and equipment, net

    beginning of year $158,388 · end of year $207,782

  • 14 · Intangible assets

    beginning of year $328,784 · end of year $105,496

  • 15 · Other assets

    beginning of year $4,847,611 · end of year $4,100,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,976 · end of year $233,696

  • 25 · Other liabilities

    beginning of year $330,567 · end of year $191,927

  • 27 · Net assets without donor restrictions

    beginning of year $5,706,023 · end of year $4,490,967

  • 28 · Net assets with donor restrictions

    beginning of year $880,392 · end of year $1,580,350

Mission and programs · 2022

Mission

AFA'S MISSION STATMENT IS TO BUILD BRIDGES FOR YOUNG LEADERS TO FOSTER ENGAGEMENT AND INNOVATION IN FOOD AND AGRICULTURE.

Activities or mission (Part I)

AFA'S MISSION IS TO BUILD BRIDGES FOR YOUNG LEADERS TO FOSTER ENGAGEMNET AND INNOVATION IN FOOD AND AGRICULTURE.

  • EXPERIENTIAL OPPORTUNITIES AFA PROVIDES EXPOSURE AND ACCESS TO EXPERIENTIAL OPPORTUNITIES FOR STUDENTS TO GAIN INDUSTRY KNOWLEDGE AND EXPERIENCE FROM CORPORATIONS, ASSOCIATIONS, GOVERNMENT AGENCIES AND SMALL BUSINESSES. SEE FOOTNOTE 1.

    Expenses $359,859 · Revenue $698,975

  • LEADER DEVELOPMENT PROGRAMS AFA OFFERS LEADER DEVELOPMENT PROGRAMS THAT ENHANCE COLLEGE STUDENTS- AND YOUNG PROFESSIONALS' ABILITY TO ACCELERATE THEIR ROLE AS LEADERS IN THE AGRICULTURE INDUSTRY. SEE FOOTNOTE 2

    Expenses $1,099,693 · Revenue $1,789,189

  • SCHOLARSHIP AFA PROVIDES LEADER AND ACADEMIC SCHOLARSHIPS TO STUDENTS ATTENDING POST- SECONDARY INSTITUTIONS. SEE FOOTNOTE 3.

    Expenses $264,776 · Grants $263,169 · Revenue $694,358

  • ALLOCATED ADMINISTRATIVE SUPPORT ALLOCATION OF ADMINISTRATIVE EXPENSES TO SUPPORT THE PROGRAM SERVICES IN LEADER DEVELOPMENT, YOUNG PROFESSIONAL DEVELOPMENT, COLLEGIATE RELATIONS AND OTHER ONE TIME LEARNING INSTITUTE AND SEMINAR PROGRAMS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gwyn Schramm

    CHAIRPERSON

    Total calculated
    $0

  • Mark Stewart

    PRESIDENT AN

    Total calculated
    $207,494
    From this org
    $207,494
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $207,494
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $207,494

  • Nancy Barcus

    COO

    Total calculated
    $152,174
    From this org
    $152,174
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $152,174
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $152,174

  • Greg Lam

    SECRETARY

    Total calculated
    $0

  • Camille Abrams

    TREASURER

    Total calculated
    $0

  • Travis Becton

    DIRECTOR

    Total calculated
    $0

  • Teddy Bekele

    DIRECTOR

    Total calculated
    $0

  • Abe Hughes

    DIRECTOR

    Total calculated
    $0

  • Scott Kay

    DIRECTOR

    Total calculated
    $0

  • J Mariner Kemper

    DIRECTOR

    Total calculated
    $0

  • Alexander C Kemper

    DIRECTOR

    Total calculated
    $0

  • Kate Lambert

    DIRECTOR

    Total calculated
    $0

  • Joel Mathiowetz

    DIRECTOR

    Total calculated
    $0

  • Shelly Phalen

    DIRECTOR

    Total calculated
    $0

  • Matt Pitt

    DIRECTOR

    Total calculated
    $0

  • Julie Anna Potts

    DIRECTOR

    Total calculated
    $0

  • Chandra Reddy

    DIRECTOR

    Total calculated
    $0

  • Jennifer Shomenta

    DIRECTOR

    Total calculated
    $0

  • Rachel Sorenson

    DIRECTOR

    Total calculated
    $0

  • L Joshua Sosland

    DIRECTOR

    Total calculated
    $0

  • Elaine Turner

    DIRECTOR

    Total calculated
    $0

  • Manda Tweten

    DIRECTOR

    Total calculated
    $0

  • K Russell Weathers

    DIRECTOR

    Total calculated
    $0

  • Susan Zaripheh

    DIRECTOR

    Total calculated
    $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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202343109349303534

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