Skip to content
Nonprofiteer
← FUTURE FARMERS OF AMERICA

Form 990 for tax year 2024

Filed by FUTURE FARMERS OF AMERICA.

Totals

Total revenue
$2,170,590
Total expenses
$2,136,167
Contributions and grants received
$1,379,984
Grants paid
$0
Program service revenue
$741,609
Investment income
$48,997
Other revenue
$0
Total assets, end of year
$5,238,321
Total liabilities, end of year
$20,793
Net assets or fund balances, end of year
$5,217,528
Program services expenses (Part IX)
$1,962,647
Management and general expenses
$173,520
Fundraising expenses
$0
Program service expenses (Part III)
$1,962,647

Program services were 91.9% 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.

  • 1b · Membership dues

    $366,203

  • 1e · Government grants (contributions)

    $611,545

  • 1f · All other contributions, gifts and grants

    $402,236

  • 1g · Noncash contributions included above

    $611,545

  • 2a · Program service revenue: FFA CAMP

    total $388,490 · related or exempt $388,490

  • 2b · Program service revenue: STATE CONVENTION & CDE

    total $219,701 · related or exempt $219,701

  • 2c · Program service revenue: SPECIAL CONFERENCES

    total $70,710 · related or exempt $70,710

  • 2d · Program service revenue: CENTER RENTAL

    total $62,708 · unrelated business $62,708

  • 3 · Investment income

    total $48,997 · excluded $48,997

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $60,260 · program services $60,260

  • 9 · Other employee benefits

    total $3,869 · program services $3,869

  • 10 · Payroll taxes

    total $5,612 · program services $5,612

  • 11a · Fees: management

    total $611,546 · program services $458,660 · management and general $152,886

  • 11c · Fees: accounting

    total $14,032 · program services $14,032

  • 11g · Fees: other

    total $319,362 · program services $319,362

  • 13 · Office expenses

    total $319,289 · program services $319,289

  • 16 · Occupancy

    total $71,325 · program services $53,494 · management and general $17,831

  • 19 · Conferences, conventions and meetings

    total $528,791 · program services $528,791

  • 22 · Depreciation, depletion and amortization

    total $146,030 · program services $146,030

  • 23 · Insurance

    total $56,051 · program services $53,248 · management and general $2,803

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $604,968 · end of year $680,591

  • 4 · Accounts receivable

    beginning of year $111,441 · end of year $125,109

  • 8 · Inventories for sale or use

    beginning of year $1,445 · end of year $1,445

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,702 · end of year $14,937

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

    $5,946,671

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

    $2,056,788

  • 10c · Land, buildings and equipment, net

    beginning of year $3,992,173 · end of year $3,889,883

  • 11 · Investments: publicly traded securities

    beginning of year $494,705 · end of year $526,356

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,335 · end of year $20,793

  • 27 · Net assets without donor restrictions

    beginning of year $5,109,381 · end of year $5,136,388

  • 28 · Net assets with donor restrictions

    beginning of year $96,718 · end of year $81,140

Mission and programs · 2024

Mission

TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.

  • MEMBERSHIP LEVEL CONTINUES TO GROW AND IS NOW OVER 48,500. THERE HAS BEEN PROGRAM EXPANSION OVER 8 REGIONS AND THE STATE CONVENTION CONTINUES TO BE A SUCCESS.

  • DEPRECIATION OF CAMP BUILDINGS AND STAFF HOUSE

    Expenses $146,030

  • SUMMER CAMPING PROGRAMS AND ACTIVITIES AT THE WHITE LAKE CENTER (CAMP).

    Expenses $1,816,617

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

Listed in Part VII

  • Joshua Bledsoe

    STATE AG ED

    Total calculated
    $164,810
    From this org
    $164,810
    From related orgs
    $0
    Other
    $0

    Schedule J breakdown matched by us

    Base
    $164,810
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $164,810

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2025
IRS schema version
2024v5.0
Source object
202620159349301602

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.