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Nonprofiteer
← KANSAS FFA FOUNDATION INC

Form 990 for tax year 2024

Filed by KANSAS FFA FOUNDATION INC.

Totals

Total revenue
$1,688,098
Total expenses
$887,957
Contributions and grants received
$1,493,983
Grants paid
$143,728
Program service revenue
$78,444
Investment income
$140,884
Other revenue
-$25,213
Total assets, end of year
$3,008,428
Total liabilities, end of year
$168,333
Net assets or fund balances, end of year
$2,840,095
Program services expenses (Part IX)
$660,323
Management and general expenses
$198,967
Fundraising expenses
$28,667
Program service expenses (Part III)
$660,323

Program services were 74.4% 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

    $361,244

  • 1f · All other contributions, gifts and grants

    $1,132,739

  • 2a · Program service revenue: CONVENTION INCOME

    total $68,444 · related or exempt $68,444

  • 2b · Program service revenue: CONFERENCE INCOME

    total $10,000 · related or exempt $10,000

  • 3 · Investment income

    total $88,211 · excluded $88,211

  • 7a · Gross sales of assets other than inventory

    securities $701,368

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

    securities $648,695

  • 7c · Gain or loss

    securities $52,673

  • 7d · Net gain or loss

    total $52,673 · related or exempt $52,673

  • 8a · Fundraising events: gross income

    $35,062

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

    $361,244

  • 8b · Fundraising events: direct expenses

    $60,275

  • 8c · Net income from fundraising events

    total -$25,213

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,650 · program services $76,650

  • 2 · Grants to domestic individuals

    total $67,078 · program services $67,078

  • 5 · Compensation of officers, directors and key employees

    total $147,943 · program services $147,943

  • 7 · Other salaries and wages

    total $134,240 · management and general $111,167 · fundraising $23,073

  • 11f · Fees: investment management

    total $29,007 · management and general $29,007

  • 11g · Fees: other

    total $20,394 · management and general $20,394

  • 12 · Advertising and promotion

    total $699 · program services $699

  • 13 · Office expenses

    total $21,620 · program services $17,010 · management and general $2,195 · fundraising $2,415

  • 14 · Information technology

    total $19,260 · program services $7,897 · management and general $9,630 · fundraising $1,733

  • 16 · Occupancy

    total $6,926 · program services $5,413 · management and general $1,513

  • 17 · Travel

    total $14,461 · program services $5,784 · management and general $7,231 · fundraising $1,446

  • 19 · Conferences, conventions and meetings

    total $16,898 · management and general $16,898

  • 22 · Depreciation, depletion and amortization

    total $4,505 · program services $4,505

  • 24a · Other expenses: PROGRAMS EXPENSE

    total $217,856 · program services $217,856

  • 24b · Other expenses: CONVENTION EXPENSE

    total $69,240 · program services $69,240

  • 24c · Other expenses: AWARDS EXPENSE

    total $30,248 · program services $30,248

  • 24d · Other expenses: CONFERENCE EXPENSE

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

  • 24e · All other expenses

    total $932 · management and general $932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,163 · end of year $8,662

  • 2 · Savings and temporary cash investments

    beginning of year $1,835,983 · end of year $2,996,335

  • 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

    $57,376

  • 10c · Land, buildings and equipment, net

    beginning of year $7,186 · end of year $2,681

  • 19 · Deferred revenue

    end of year $168,333

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,910,082 · end of year $2,840,095

Mission and programs · 2024

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 14,000 KANSAS AG. EDUCATION STUDENTS IN 240 PROGRAMS ACROSS KANSAS.

    Expenses $660,323 · Grants $143,728

  • EXPENSES NECESSARY FOR PROGRAM EDUCATION AND ACHIEVEMENT

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Beth Gaines

    EXECUTIVE DI

    Total calculated
    $147,943
    From this org
    $147,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Todd Sturgis

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Shelly Turner

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Yancy Wright

    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.

Grants on this return

  • KANSAS FFA ASSOCIATION (10)

    $46,050

  • FFA CHAPTERS (50)

    $30,600

Provenance

Return type
form_990
Tax year
2024
Filed
23 March 2026
IRS schema version
2024v5.0
Source object
202620909349301457

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