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Nonprofiteer
← KANSAS FFA FOUNDATION INC

Form 990 for tax year 2023

Filed by KANSAS FFA FOUNDATION INC.

Totals

Total revenue
$1,186,777
Total expenses
$744,217
Contributions and grants received
$1,111,439
Grants paid
$132,655
Program service revenue
$62,083
Investment income
$51,001
Other revenue
-$37,746
Total assets, end of year
$1,910,082
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,910,082
Program services expenses (Part IX)
$557,820
Management and general expenses
$167,183
Fundraising expenses
$19,214
Program service expenses (Part III)
$557,820

Program services were 75.0% 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

    $454,710

  • 1f · All other contributions, gifts and grants

    $656,729

  • 2a · Program service revenue: CONVENTION INCOME

    total $62,083 · related or exempt $62,083

  • 3 · Investment income

    total $45,308 · excluded $45,308

  • 7a · Gross sales of assets other than inventory

    securities $340,347

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

    securities $334,654

  • 7c · Gain or loss

    securities $5,693

  • 7d · Net gain or loss

    total $5,693 · related or exempt $5,693

  • 8a · Fundraising events: gross income

    $37,281

  • 8a · Fundraising events: contributions included on line 1c

    $454,710

  • 8b · Fundraising events: direct expenses

    $75,027

  • 8c · Net income from fundraising events

    total -$37,746

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,425 · program services $76,425

  • 2 · Grants to domestic individuals

    total $56,230 · program services $56,230

  • 5 · Compensation of officers, directors and key employees

    total $152,921 · program services $152,921

  • 7 · Other salaries and wages

    total $128,163 · management and general $113,650 · fundraising $14,513

  • 11f · Fees: investment management

    total $8,916 · management and general $8,916

  • 11g · Fees: other

    total $16,073 · management and general $16,073

  • 12 · Advertising and promotion

    total $210 · program services $210

  • 13 · Office expenses

    total $11,523 · program services $8,328 · management and general $908 · fundraising $2,287

  • 14 · Information technology

    total $8,387 · program services $3,438 · management and general $4,194 · fundraising $755

  • 16 · Occupancy

    total $5,525 · program services $4,225 · management and general $1,300

  • 17 · Travel

    total $16,584 · program services $6,633 · management and general $8,292 · fundraising $1,659

  • 19 · Conferences, conventions and meetings

    total $12,530 · management and general $12,530

  • 22 · Depreciation, depletion and amortization

    total $6,710 · program services $6,710

  • 24a · Other expenses: PROGRAMS EXPENSE

    total $142,063 · program services $142,063

  • 24b · Other expenses: CONVENTION EXPENSE

    total $59,866 · program services $59,866

  • 24c · Other expenses: AWARDS EXPENSE

    total $30,771 · program services $30,771

  • 24d · Other expenses: CONFERENCE EXPENSE

    total $10,000 · program services $10,000

  • 24e · All other expenses

    total $1,320 · management and general $1,320

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,076 · end of year $66,163

  • 2 · Savings and temporary cash investments

    beginning of year $1,188,891 · end of year $1,835,983

  • 9 · Prepaid expenses and deferred charges

    beginning of year $750 · end of year $750

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

    $60,057

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

    $52,871

  • 10c · Land, buildings and equipment, net

    beginning of year $13,896 · end of year $7,186

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,250,613 · end of year $1,910,082

Mission and programs · 2023

Mission

ENABLE THE KANSAS AGRICULTURE EDUCATION AND FFA PROGRAMS TO EMPOWER FUTURE LEADERS AND THEIR PASSIONS. THE KANSAS FFA FOUNDATION WILL DO THIS BY DEVELOPING AND SUSTAINING COLLABORATIVE RELATIONSHIPS RESULTING IN FINANCIAL SUPPORT AND SERVICE OPPORTUNITIES.

  • CREATED AWARENESS OF KANSAS AG. EDUCATION PROGRAMS,RECEIVED CHARITABLE CONTRIBUTIONS IN SUPPORT OF SAME, DISTRIBUTED GIFTS TO PROGRAMS BENEFITING THE APPROXIMATE 12,000 KANSAS AG. EDUCATION STUDENTS IN 226 PROGRAMS ACROSS KANSAS.

    Expenses $557,820 · Grants $132,655

  • EXPENSES NECESSARY FOR PROGRAM EDUCATION AND ACHIEVEMENT

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

Listed in Part VII

  • Beth Gaines

    EXECUTIVE DI

    Total calculated
    $152,921
    From this org
    $152,921
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,921
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $152,921

  • Loy James

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mike Smith

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Yancy Wright

    VICE CHAIR

    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. 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

  • KANSAS FFA ASSOCIATION

    $45,900

  • FFA CHAPTERS (63)

    $25,500

  • NATIONAL FFA

    $5,025

    SUPPORT NATIONAL ORG

Provenance

Return type
form_990
Tax year
2023
Filed
14 February 2025
IRS schema version
2023v6.0
Source object
202500599349300110

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