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Nonprofiteer
← THE INDIANA FFA FOUNDATION INC

Form 990 for tax year 2022

Filed by THE INDIANA FFA FOUNDATION INC.

Totals

Total revenue
$1,535,659
Total expenses
$1,334,538
Contributions and grants received
$964,406
Grants paid
$68,765
Program service revenue
$171,157
Investment income
$22,847
Other revenue
$377,249
Total assets, end of year
$2,661,387
Total liabilities, end of year
$73,172
Net assets or fund balances, end of year
$2,588,215
Program services expenses (Part IX)
$1,122,666
Management and general expenses
$211,872
Fundraising expenses
$0
Program service expenses (Part III)
$1,122,666

Program services were 84.1% 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

    $964,406

  • 1g · Noncash contributions included above

    $118,821

  • 2a · Program service revenue: LODGING INCOME

    total $88,392 · related or exempt $51,570 · unrelated business $36,822

  • 2b · Program service revenue: SPECIAL EVENT INCOME

    total $60,676 · related or exempt $60,676

  • 2c · Program service revenue: FARM SHOW INCOME

    total $21,589 · related or exempt $21,589

  • 2d · Program service revenue: CONVENTION INCOME

    total $500 · related or exempt $500

  • 3 · Investment income

    total $22,847 · excluded $22,847

  • 6a · Gross rents

    real property $113,104 · personal property $1,950

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $113,104 · personal property $1,950

  • 6d · Net rental income or loss

    total $115,054 · related or exempt $47,563 · unrelated business $67,491

  • 10a · Gross sales of inventory

    $82,451

  • 10b · Cost of goods sold

    $41,576

  • 10c · Net income from sales of inventory

    total $40,875 · related or exempt $40,875

  • 11a · Other revenue: COUNTRY MARKET INCOME

    total $154,839 · related or exempt $154,839

  • 11b · Other revenue: LICENSE PLATE INCOME

    total $41,825 · related or exempt $41,825

  • 11d · All other revenue

    total $24,656 · related or exempt $24,656

  • 11e · Other revenue, total

    $221,320

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $68,765 · program services $68,765

  • 5 · Compensation of officers, directors and key employees

    total $200,457 · program services $200,457

  • 7 · Other salaries and wages

    total $147,758 · program services $147,758

  • 8 · Pension plan contributions

    total $5,392 · management and general $5,392

  • 10 · Payroll taxes

    total $27,153 · program services $27,153

  • 11c · Fees: accounting

    total $28,900 · management and general $28,900

  • 12 · Advertising and promotion

    total $14,875 · management and general $14,875

  • 13 · Office expenses

    total $33,996 · program services $3,896 · management and general $30,100

  • 16 · Occupancy

    total $70,794 · program services $70,794

  • 17 · Travel

    total $10,852 · management and general $10,852

  • 19 · Conferences, conventions and meetings

    total $22,990 · program services $22,990

  • 20 · Interest

    total $10 · management and general $10

  • 21 · Payments to affiliates

    total $150,000 · program services $150,000

  • 22 · Depreciation, depletion and amortization

    total $111,770 · program services $111,770

  • 23 · Insurance

    total $100,868 · management and general $100,868

  • 24a · Other expenses: GRANT & FUND EXPENSES

    total $112,131 · program services $112,131

  • 24b · Other expenses: COUNTRY MARKET

    total $101,910 · program services $101,910

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $72,968 · program services $71,632 · management and general $1,336

  • 24d · Other expenses: SUPPORT

    total $33,410 · program services $33,410

  • 24e · All other expenses

    total $19,539 · management and general $19,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $891,124 · end of year $1,224,489

  • 2 · Savings and temporary cash investments

    beginning of year $73,564 · end of year $63,600

  • 4 · Accounts receivable

    beginning of year $89,110 · end of year $46,723

  • 8 · Inventories for sale or use

    beginning of year $2,825 · end of year $2,221

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

    $2,667,902

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

    $1,926,704

  • 10c · Land, buildings and equipment, net

    beginning of year $813,978 · end of year $741,198

  • 15 · Other assets

    beginning of year $470,866 · end of year $583,156

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,827 · end of year $14,418

  • 19 · Deferred revenue

    end of year $58,754

  • 27 · Net assets without donor restrictions

    beginning of year $2,307,640 · end of year $2,527,565

  • 28 · Net assets with donor restrictions

    beginning of year $6,000 · end of year $60,650

Mission and programs · 2022

Mission

THE MISSION OF THE INDIANA FFA FOUNDATION IS TO SUPPORT, FUND, AND PROMOTE THE PROGRAMS AND OBJECTIVES OF THE INDIANA FFA ASSOCIATION AND INDIANA FFA LEADERSHIP CENTER.

  • TO PROVIDE A LEADERSHIP CENTER FOR FUTURE FARMERS OF AMERICA (FFA) MEMBERS, TO PROVIDE YOUTH PROGRAMS TO STIMULATE LEADERSHIP, CITIZENSHIP, COMMUNITY RESPONSIBILITY, AND TO PROVIDE RECOGNITION FOR OUTSTANDING CAREER AND TECHNICAL EDUCATION STUDENTS.

    Expenses $1,122,666 · Grants $68,765 · Revenue $444,093

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Maruszewski

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tim Hoberty

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jason Wilson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Greg Curlin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kara Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Logue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marty Matlock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nate Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chelsea Poe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Fischer-Shrock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Swartz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tami Neighbors-Ketchen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Chaudion

    DIRECTOR

    Total calculated
    $108,441
    From this org
    $108,441
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Amanda Mullins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Ramey

    DIRECTOR

    Total calculated
    $92,016
    From this org
    $92,016
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Skylar Clingan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erin Padgett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Ariens

    DIRECTOR

    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

No itemized grants to organizations 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
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202343559349300704

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