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← NATIONAL FFA FOUNDATION INC

Form 990 for tax year 2022

Filed by NATIONAL FFA FOUNDATION INC.

Totals

Total revenue
$27,668,614
Total expenses
$15,431,385
Contributions and grants received
$26,309,340
Grants paid
$10,941,854
Program service revenue
$404,229
Investment income
$955,045
Other revenue
$0
Total assets, end of year
$46,827,896
Total liabilities, end of year
$5,800,278
Net assets or fund balances, end of year
$41,027,618
Program services expenses (Part IX)
$10,971,854
Management and general expenses
$1,192,085
Fundraising expenses
$3,267,446
Program service expenses (Part III)
$10,971,854

Program services were 71.1% 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

    $26,309,340

  • 1g · Noncash contributions included above

    $88,872

  • 2a · Program service revenue: PROGRAM MATERIAL FEES

    total $404,229 · related or exempt $404,229

  • 3 · Investment income

    total $1,019,333 · excluded $1,019,333

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,508,880

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

    securities $1,573,168

  • 7c · Gain or loss

    securities -$64,288

  • 7d · Net gain or loss

    total -$64,288 · excluded -$64,288

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,531,947 · program services $5,531,947

  • 2 · Grants to domestic individuals

    total $5,409,907 · program services $5,409,907

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $421,738 · management and general $126,521 · fundraising $295,217

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,757,115 · management and general $294,211 · fundraising $1,462,904

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $814,428 · management and general $456,436 · fundraising $357,992

  • 10 · Payroll taxes

    total $148,743 · management and general $21,800 · fundraising $126,943

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $48,516 · management and general $48,516

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $72,916 · management and general $72,916

  • 11g · Fees: other

    total $114,008 · management and general $2,895 · fundraising $111,113

  • 12 · Advertising and promotion

    total $21,926 · management and general $61 · fundraising $21,865

  • 13 · Office expenses

    total $51,923 · management and general $10,960 · fundraising $40,963

  • 14 · Information technology

    total $373,286 · management and general $60,000 · fundraising $313,286

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $142,233 · management and general $41,913 · fundraising $100,320

  • 17 · Travel

    total $189,601 · management and general $28,215 · fundraising $161,386

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $111,505 · management and general $1,502 · fundraising $110,003

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: TRAINING AND DEVELOPMENT

    total $12,895 · management and general $1,200 · fundraising $11,695

  • 24b · Other expenses: OTHER EXPENSES

    total $141,996 · management and general $9,567 · fundraising $132,429

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $30,000 · program services $30,000

  • 24d · Other expenses: BANK CHARGES

    total $36,702 · management and general $15,372 · fundraising $21,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,556,512 · end of year $11,444,657

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,585,578 · end of year $8,577,751

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $130,631 · end of year $140,896

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $31,888,000 · end of year $26,664,592

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,537,037 · end of year $996,433

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,758,000 · end of year $4,803,845

  • 27 · Net assets without donor restrictions

    beginning of year $8,555,169 · end of year $9,165,354

  • 28 · Net assets with donor restrictions

    beginning of year $24,310,515 · end of year $31,862,264

Mission and programs · 2022

Mission

THE FOUNDATION WAS ORGANIZED FOR THE OVERALL PURPOSE OF FURTHERING EDUCATION AND DEVELOPMENT OF FFA MEMBERS WITH EMPHASIS IN ALL SEGMENTS OF THE INDUSTRY OF AGRICULTURE IN AMERICA AT THE NATIONAL, STATE, AND LOCAL LEVELS.

Activities or mission (Part I)

THE FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF FURTHERING EDUCATION AND DEVELOPMENT OF FFA MEMBERS WITH EMPHASIS IN ALL SEGMENTS OF THE INDUSTRY OF AGRICULTURE IN AMERICA.

  • CAREER DEVELOPMENT PROGRAMS HELP FFA MEMBERS LEARN AND GROW IN PROMISING CAREERS IN AGRICULTURE AND RELATED AREAS, FROM BIOTECHNOLOGY TO AGRICULTURAL BUSINESS AND MARKETING TO TEACHING. THESE PROGRAMS INCLUDE THOSE THAT AWARD FFA MEMBERS FOR BEING THE BEST AT THEIR AG SPECIALTY SUCH AS CAREER DEVELOPMENT EVENTS AND DIFFERENT PROFICIENCY AWARDS. FFA MEMBERS CAN PARTICIPATE AND WIN AT THE CHAPTER, STATE AND NATIONAL LEVELS. THE NATIONAL AWARD WINNERS ARE DETERMINED DURING THE NATIONAL CONVENTION AND ARE PRESENTED AT SPECIAL CEREMONIES. ALMOST ALL FFA MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN ONE MORE OF THESE AWARD PROGRAMS AND MORE THAN 3,700 WERE PART OF THE NATIONAL AWARDS. THE FOUNDATION'S COLLEGIATE SCHOLARSHIP PROGRAM AWARDED A LITTLE OVER $2.4 MILLION TO MORE THAN 1,480 FFA MEMBERS IN 2022. NATIONAL FFA FOUNDATION MAKES GRANTS TO THE NATIONAL FFA ORGANIZATION AND OTHER AGRICULTURAL EDUCATION RELATED ORGANIZATIONS FOR THE OPERATION OF THEIR AGRICULTURAL EDUCATION RELATED PROGRAMS.

    Expenses $7,068,117 · Grants $7,038,117 · Revenue $369,063

  • LEADERSHIP DEVELOPMENT PROGRAMS ALLOW FFA MEMBERS TO DEVELOP THEIR LEADERSHIP SKILLS BY BEING ABLE TO PARTICIPATE IN VARIOUS CONFERENCES AND ACTIVITIES INCLUDING THE STATE PRESIDENT'S CONFERENCE, THE NATIONAL LEADERSHIP CONFERENCE FOR STATE OFFICERS AND VARIOUS LEADERSHIP WORKSHOPS AND ACTIVITIES HELD AT THE NATIONAL CONVENTION. MORE THAN 800 FFA MEMBERS PARTICIPATED IN AND BENEFITED FROM THE FIRST TWO CONFERENCES. MORE THAN 69,000 FFA MEMBERS ATTENDED THE NATIONAL CONVENTION IN 2022 AND HAD THE OPPORTUNITY TO PARTICIPATE IN THE LEADERSHIP ACTIVITIES.

    Expenses $1,486,889 · Grants $1,486,889

  • PROFESSIONAL DEVELOPMENT/OTHER PROGRAMS INCLUDE THE DEVELOPMENT OF AGRICULTURAL RELATED CURRICULUMS TO HELP FFA ADVISORS SUCCESSFULLY TEACH FFA MEMBERS. OTHER PROGRAMS INCLUDE MAINTAINING THE HALL OF ACHIEVEMENT WHICH SHOWS THE PROGRESS OF FFA MEMBERS OVER THE YEARS AND OTHER PROGRAMS THAT HELP FFA ADVISORS TO BE THEIR BEST IN ORDER TO HELP FFA MEMBERS BE THEIR BEST.

    Expenses $2,256,565 · Grants $2,256,565

  • PERSONAL GROWTH PROGRAMS ALLOW FFA

    Expenses $160,283 · Grants $160,283 · Revenue $35,166

  • MEMBERS TO PARTICIPATE IN ACTIVITES

  • THAT HELP THEM GROW. THEY WORK WITH

  • YOUNGER STUDENTS AND HELP THEM LEARN

  • MORE ABOUT AGRICULTURE AND HOW IT

  • HELPS FEED THE WORLD AND ALL THE

  • OTHER CONTRIBUTIONS AGRICULTURE

  • MAKES IN THEIR EVERYDAY LIVES.

  • FFA MEMBERS ALSO PARTICIPATE IN

  • MAKING THEIR COMMUNITIES BETTER

  • PLACES TO LIVE.

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

Listed in Part VII

  • SCOTT STUMP

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $300,027
    From this org
    $124,495
    From related orgs
    $125,528
    Other
    $50,004
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $124,495 + $124,496 related
    Bonus
    $0
    Other
    $0 + $1,032 related
    Deferred
    $0 + $12,893 related
    Nontaxable benefits
    $0 + $37,111 related
    Filer's total
    $124,495 + $175,532 related

  • MOLLY BALL

    PRESIDENT

    Total calculated
    $254,202
    From this org
    $211,835
    From related orgs
    $0
    Other
    $42,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,475
    Bonus
    $0
    Other
    $360
    Deferred
    $17,385
    Nontaxable benefits
    $24,982
    Filer's total
    $254,202

  • DAVID SCHAPKER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $248,960
    From this org
    $51,105
    From related orgs
    $156,362
    Other
    $41,493
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $51,105 + $153,314 related
    Bonus
    $0
    Other
    $0 + $3,048 related
    Deferred
    $0 + $13,582 related
    Nontaxable benefits
    $0 + $27,911 related
    Filer's total
    $51,105 + $197,855 related

  • JAMES WILLIAMS

    EXECUTIVE DIRECTOR OF DEVELOP.

    Total calculated
    $191,421
    From this org
    $159,517
    From related orgs
    $0
    Other
    $31,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,157
    Bonus
    $0
    Other
    $360
    Deferred
    $8,305
    Nontaxable benefits
    $23,599
    Filer's total
    $191,421

  • STACI GLASER

    DIRECTOR, DEVELOPMENT OPS.

    Total calculated
    $128,209
    From this org
    $106,841
    From related orgs
    $0
    Other
    $21,368
    Hours/week
    40

  • LINDA TANK

    TRUSTEE'S CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE STUTTGEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARISA NAILOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JON SIMONSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COLE BAERLOCHER

    NATIONAL FFA PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BRIAN L FIELD

    TRUSTEE'S CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • PAUL REA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE E LETSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATT PLITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDY SEIBEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEIDI SPAHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATT WINKLE

    NATIONAL TREASURER-ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRENT SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES R WOODARD END 531

    NAT'L ADVISOR & BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • WILLIAM DEIMLER

    NATIONAL TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHERYL L ZIMMERMAN

    NATIONAL EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • FFA TRUST MANAGEMENT LLC

    INVESTMENT · IN · assets $0

    Directly controlled by NATL FFA FDN

  • FFA POOLED INVESTMENT TRUST LLC

    INVESTMENT · IN · income $206,144 · assets $4,849,517

    Directly controlled by NATL FFA FDN

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333189349312988

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