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Nonprofiteer
← NATIONAL FFA FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL FFA FOUNDATION INC.

Totals

Total revenue
$23,091,001
Total expenses
$17,898,217
Contributions and grants received
$20,671,546
Grants paid
$13,119,591
Program service revenue
$625,699
Investment income
$1,793,756
Other revenue
$0
Total assets, end of year
$54,547,823
Total liabilities, end of year
$6,174,355
Net assets or fund balances, end of year
$48,373,468
Program services expenses (Part IX)
$13,127,278
Management and general expenses
$1,210,024
Fundraising expenses
$3,560,915
Program service expenses (Part III)
$13,127,278

Program services were 73.3% 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

    $20,671,546

  • 1g · Noncash contributions included above

    $196,854

  • 2a · Program service revenue: PROGRAM MATERIAL FEES

    total $625,699 · related or exempt $625,699

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,309,861 · excluded $1,309,861

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,351,375

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

    securities $2,867,480

  • 7c · Gain or loss

    securities $483,895 · other assets $0

  • 7d · Net gain or loss

    total $483,895 · excluded $483,895

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,476,958 · program services $6,476,958

  • 2 · Grants to domestic individuals

    total $6,642,633 · program services $6,642,633

  • 5 · Compensation of officers, directors and key employees

    total $558,568 · management and general $167,570 · fundraising $390,998

  • 7 · Other salaries and wages

    total $1,664,418 · management and general $251,382 · fundraising $1,413,036

  • 9 · Other employee benefits

    total $831,106 · management and general $472,320 · fundraising $358,786

  • 10 · Payroll taxes

    total $152,693 · management and general $22,867 · fundraising $129,826

  • 11c · Fees: accounting

    total $58,454 · program services $2,237 · management and general $56,217

  • 11f · Fees: investment management

    total $78,843 · management and general $78,843

  • 11g · Fees: other

    total $174,162 · program services $0 · management and general $453 · fundraising $173,709

  • 12 · Advertising and promotion

    total $20,159 · management and general $125 · fundraising $20,034

  • 13 · Office expenses

    total $50,385 · management and general $10,472 · fundraising $39,913

  • 14 · Information technology

    total $401,282 · program services $5,450 · management and general $60,000 · fundraising $335,832

  • 16 · Occupancy

    total $145,439 · management and general $45,119 · fundraising $100,320

  • 17 · Travel

    total $259,683 · management and general $18,510 · fundraising $241,173

  • 19 · Conferences, conventions and meetings

    total $144,982 · management and general $1,261 · fundraising $143,721

  • 24a · Other expenses: OTHER EXPENSES

    total $147,391 · management and general $7,708 · fundraising $139,683

  • 24b · Other expenses: TRAINING AND DEVELOPMENT

    total $55,026 · management and general $1,249 · fundraising $53,777

  • 24c · Other expenses: BANK CHARGES

    total $36,035 · management and general $15,928 · fundraising $20,107

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,444,657 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $5,587,285

  • 3 · Pledges and grants receivable

    beginning of year $8,577,751 · end of year $11,832,337

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,896 · end of year $132,637

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,664,592 · end of year $36,995,564

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $996,433 · end of year $785,321

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,803,845 · end of year $5,389,034

  • 27 · Net assets without donor restrictions

    beginning of year $9,165,354 · end of year $13,165,689

  • 28 · Net assets with donor restrictions

    beginning of year $31,862,264 · end of year $35,207,779

Mission and programs · 2023

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 2,100 WERE PART OF THE NATIONAL AWARDS. THE FOUNDATION'S COLLEGIATE SCHOLARSHIP PROGRAM AWARDED A LITTLE OVER $2.5 MILLION TO MORE THAN 1,100 FFA MEMBERS IN 2023. 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 $8,441,051 · Grants $8,441,051 · Revenue $586,937

  • 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 $3,056,425 · Grants $3,048,738

  • LEADERSHIP DEVELOPMENT PROGRAMS ALLOW FFA MEMBERS TO DEVELOP THEIR LEADERSHIP SKILLS BY BEING ABLE TO PARTICIPATE IN VARIOUS CONFERENCES AND ACTIVITIES INCLUDING THE State Officer Summit, 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 70,000 FFA MEMBERS ATTENDED THE NATIONAL CONVENTION IN 2023 AND HAD THE OPPORTUNITY TO PARTICIPATE IN THE LEADERSHIP ACTIVITIES.

    Expenses $1,390,238 · Grants $1,390,238

  • PERSONAL GROWTH PROGRAMS ALLOW FFA 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.

    Expenses $239,564 · Grants $239,564 · Revenue $38,762

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

Listed in Part VII

  • Andrew Seibel

    National FFA President

    Total calculated
    $0
    Hours/week
    1

  • LINDA TANK

    TRUSTEE'S CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MATT WINKLE

    NATIONAL TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDY SEIBEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRIAN L FIELD

    TRUSTEE'S CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1

  • David Hollinrake

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • HEIDI SPAHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JON SIMONSEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEE E LETSCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Snapp

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • MATT PLITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE STUTTGEN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHERISA NAILOR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL L ZIMMERMAN

    NATIONAL EXECUTIVE SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dan Riley

    Chief Financial Officer (BEG 06/23)

    Total calculated
    $104,474
    From this org
    $21,108
    From related orgs
    $64,177
    Other
    $19,189
    Hours/week
    10 + 30 related

  • DAVID SCHAPKER

    CHIEF FINANCIAL OFFICER (END 03/23)

    Total calculated
    $96,882
    From this org
    $19,721
    From related orgs
    $59,162
    Other
    $17,999
    Hours/week
    10 + 30 related

  • MOLLY BALL

    PRESIDENT

    Total calculated
    $264,007
    From this org
    $220,006
    From related orgs
    $0
    Other
    $44,001
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,632
    Bonus
    $0
    Other
    $374
    Deferred
    $22,141
    Nontaxable benefits
    $21,860
    Filer's total
    $264,007

  • SCOTT STUMP

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $331,686
    From this org
    $134,866
    From related orgs
    $135,898
    Other
    $60,922
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $134,866 + $134,866 related
    Bonus
    $0
    Other
    $0 + $1,032 related
    Deferred
    $0 + $13,181 related
    Nontaxable benefits
    $0 + $47,741 related
    Filer's total
    $134,866 + $196,820 related

  • Travis Park

    National FFA Advisor and Board Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES WILLIAMS

    EXECUTIVE DIRECTOR OF DEVELOP.

    Total calculated
    $196,322
    From this org
    $163,602
    From related orgs
    $0
    Other
    $32,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,242
    Bonus
    $0
    Other
    $360
    Deferred
    $8,510
    Nontaxable benefits
    $24,210
    Filer's total
    $196,322

  • Marti K Weseli

    Senior Regional Director

    Total calculated
    $126,856
    From this org
    $105,713
    From related orgs
    $0
    Other
    $21,143
    Hours/week
    40

  • STACI GLASER

    DIRECTOR, DEVELOPMENT OPS.

    Total calculated
    $129,050
    From this org
    $107,542
    From related orgs
    $0
    Other
    $21,508
    Hours/week
    40

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 · income $0 · assets $0

    Directly controlled by NATL FFA FDN

  • FFA POOLED INVESTMENT TRUST LLC

    INVESTMENT · IN · income $156,951 · assets $5,414,555

    Directly controlled by NATL FFA FDN

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.1
Source object
202402629349300210

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