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Nonprofiteer
← MARYLAND FFA FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by MARYLAND FFA FOUNDATION INCORPORATED.

Totals

Total revenue
$133,810
Total expenses
$119,806
Contributions and grants received
$112,134
Grants paid
$102,184
Program service revenue
$0
Investment income
$20,876
Other revenue
$800
Total assets, end of year
$849,703
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$849,703
Program services expenses (Part IX)
$102,184
Management and general expenses
$15,872
Fundraising expenses
$1,750
Program service expenses (Part III)
$154,513

Program services were 85.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $112,134

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0

  • 3 · Investment income

    total $20,876 · related or exempt $20,876 · unrelated business $0 · excluded $0

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

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

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

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 11a · Other revenue: Uncashed checks

    total $800 · related or exempt $800 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $800

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,184 · program services $102,184

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $3,500 · program services $0 · management and general $1,750 · fundraising $1,750

  • 6 · Compensation of disqualified persons

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

  • 7 · Other salaries and wages

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

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

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

  • 10 · Payroll taxes

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

  • 11a · Fees: management

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

  • 11b · Fees: legal

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

  • 11c · Fees: accounting

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

  • 11d · Fees: lobbying

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

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $4,529 · program services $0 · management and general $4,529 · fundraising $0

  • 11g · Fees: other

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

  • 12 · Advertising and promotion

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

  • 13 · Office expenses

    total $3,118 · program services $0 · management and general $3,118 · fundraising $0

  • 14 · Information technology

    total $832 · program services $0 · management and general $832 · fundraising $0

  • 15 · Royalties

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

  • 16 · Occupancy

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

  • 17 · Travel

    total $4,639 · program services $0 · management and general $4,639 · fundraising $0

  • 18 · Travel or entertainment for public officials

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

  • 19 · Conferences, conventions and meetings

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

  • 20 · Interest

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

  • 21 · Payments to affiliates

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

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $1,004 · program services $0 · management and general $1,004 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,706 · end of year $37,810

  • 2 · Savings and temporary cash investments

    beginning of year $58,238 · end of year $67,296

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 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 $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $665,767 · end of year $744,597

  • 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 $0 · end of year $0

  • 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 $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $292,910 · end of year $339,712

  • 28 · Net assets with donor restrictions

    beginning of year $458,802 · end of year $509,991

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 3,000 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops.

Activities or mission (Part I)

The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 2,500 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops.

  • Annual fund-raising grants to MD FFA Association provide leadership opportunities for some 3000 MD FFA Association student members. This amount helps to offset the costs of awards, programs, and student travel to out of state competitions for the first and second place teams. This grant also helps offset the costs of the MD FFA Association's Annual State Convention for the student FFA members. Many competitive events related to agricultural career development are also held where the students receive award pins or plaques for their placing in the event(s) with photos suitable for publication use in local or social media outlets. The MD FFA Foundation also provides funds for 100 needy FFA members who cannot afford the official dress of the student organization. One hundred jackets, ties/scarves are provided. Funds also support the cost of State FFA Officers travel for local chapter visits where they provide a leadership workshop activity, bring greetings, or a keynote address at a local FFA chapter function. Revenue to support this activity is from our donor contributions to our fund-raising efforts. Expenses include travel, officer workshop supplies, fees paid on the management of related investment funds.

    Expenses $79,145 · Grants $63,130 · Revenue $84,626

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $55,981 · Grants $34,708 · Revenue $36,308

  • The MD FFA Foundation, Inc. provided for a portion of the registration, travel, lodging and participation to the National FFA Organization for the International Leadership Seminar for State Officers (ILSSO) from $8900 of funds they individually raised funds by the participants that flowed through our organization

    Expenses $12,900 · Grants $12,900 · Revenue $8,900

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Terrie Shank

    Secretary

    Total calculated
    $0
    Hours/week
    8

  • Jason Watt

    Chairman

    Total calculated
    $0
    Hours/week
    8

  • Mark Milby

    Executive Director

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • George Mayo

    Vice Chairman

    Total calculated
    $0
    Hours/week
    6

  • Roy S Walls Jr

    Executive Treasurer

    Total calculated
    $0
    Hours/week
    8

  • David Miller

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jessica Clark

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Gabe Zepp

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Lori Powell Mayhew

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Scott Glenn

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Tyler Majchrzak

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Joe Linthicum

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Jerry Kelley

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Thomas Mazzone

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Todd Legge

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Timothy Beall

    Trustee

    Total calculated
    $0
    Hours/week
    2

  • Chuck Schuster

    Trustee

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202441309349303514

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