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← FUTURE FARMERS OF AMERICA STATE ASSOCIATIONS & LOCAL CHAPTER

Form 990 for tax year 2023

Filed by FUTURE FARMERS OF AMERICA STATE ASSOCIATIONS & LOCAL CHAPTER.

Totals

Total revenue
$36,130,783
Total expenses
$30,288,291
Contributions and grants received
$9,506,678
Grants paid
$2,555,568
Program service revenue
$17,185,587
Investment income
$1,045,807
Other revenue
$8,392,711
Total assets, end of year
$38,031,211
Total liabilities, end of year
$6,452,131
Net assets or fund balances, end of year
$31,579,080
Program services expenses (Part IX)
$24,607,902
Management and general expenses
$5,680,389
Fundraising expenses
$0
Program service expenses (Part III)
$24,607,902

Program services were 81.2% 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.

  • 1d · Related organizations

    $6,476,958

  • 1e · Government grants (contributions)

    $2,988,824

  • 1f · All other contributions, gifts and grants

    $40,896

  • 2a · Program service revenue: CONVENTION REVENUE

    total $7,568,942 · related or exempt $6,488,317 · excluded $1,080,625

  • 2b · Program service revenue: LEADERSHIP PROGRAMS REGISTRATION FEES

    total $2,896,338 · related or exempt $2,896,338

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $6,689,835 · related or exempt $6,689,835

  • 2d · Program service revenue: MISCELLANEOUS

    total $30,472 · related or exempt $30,472

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $898,601 · excluded $898,601

  • 5 · Royalties

    total $299,672 · excluded $299,672

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $603,638

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

    securities $445,200 · other assets $11,232

  • 7c · Gain or loss

    securities $158,438 · other assets -$11,232

  • 7d · Net gain or loss

    total $147,206 · excluded $147,206

  • 10a · Gross sales of inventory

    $17,044,489

  • 10b · Cost of goods sold

    $8,951,450

  • 10c · Net income from sales of inventory

    total $8,093,039 · related or exempt $8,093,039

  • 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 $1,132,755 · program services $1,132,755

  • 2 · Grants to domestic individuals

    total $1,422,813 · program services $1,422,813

  • 5 · Compensation of officers, directors and key employees

    total $559,685 · program services $254,101 · management and general $305,584

  • 7 · Other salaries and wages

    total $7,400,926 · program services $5,517,760 · management and general $1,883,166

  • 8 · Pension plan contributions

    total $396,780 · program services $287,686 · management and general $109,094

  • 9 · Other employee benefits

    total $932,640 · program services $611,509 · management and general $321,131

  • 10 · Payroll taxes

    total $501,006 · program services $353,083 · management and general $147,923

  • 11b · Fees: legal

    total $73,416 · program services $22,025 · management and general $51,391

  • 11c · Fees: accounting

    total $67,940 · management and general $67,940

  • 11f · Fees: investment management

    total $29,737 · program services $23,789 · management and general $5,948

  • 11g · Fees: other

    total $3,277,593 · program services $2,322,095 · management and general $955,498 · fundraising $0

  • 12 · Advertising and promotion

    total $439,497 · program services $343,332 · management and general $96,165

  • 13 · Office expenses

    total $1,565,385 · program services $1,295,705 · management and general $269,680

  • 14 · Information technology

    total $672,172 · program services $173,761 · management and general $498,411

  • 16 · Occupancy

    total $265,167 · program services $265,167

  • 17 · Travel

    total $3,000,356 · program services $2,681,469 · management and general $318,887

  • 19 · Conferences, conventions and meetings

    total $7,384,474 · program services $7,077,163 · management and general $307,311

  • 20 · Interest

    total $375 · program services $375

  • 22 · Depreciation, depletion and amortization

    total $677,316 · program services $492,373 · management and general $184,943

  • 23 · Insurance

    total $86,568 · program services $5,914 · management and general $80,654

  • 24a · Other expenses: CREDIT CARD FEES

    total $339,109 · program services $269,018 · management and general $70,091

  • 24b · Other expenses: RECRUITING EXPENSE

    total $14,391 · program services $7,819 · management and general $6,572

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $48,190 · program services $48,190

  • 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 $9,444,570 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $10,623,122

  • 4 · Accounts receivable

    beginning of year $3,377,093 · end of year $4,284,064

  • 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

  • 8 · Inventories for sale or use

    beginning of year $3,470,262 · end of year $3,761,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $831,089 · end of year $557,829

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

    $16,331,629

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

    $11,272,471

  • 10c · Land, buildings and equipment, net

    beginning of year $5,575,028 · end of year $5,059,158

  • 11 · Investments: publicly traded securities

    beginning of year $8,307,437 · end of year $13,701,918

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $59,067 · end of year $43,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,189,954 · end of year $3,816,376

  • 19 · Deferred revenue

    beginning of year $3,319,970 · end of year $2,594,786

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $57,777 · end of year $40,969

  • 27 · Net assets without donor restrictions

    beginning of year $19,937,137 · end of year $25,428,295

  • 28 · Net assets with donor restrictions

    beginning of year $4,559,708 · end of year $6,150,785

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

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

  • FFA'S LOCAL, STATE, AND NATIONAL PROGRAMS AND ACTIVITIES HELP MEMBERS DEVELOP PUBLIC SPEAKING SKILLS, CONDUCT AND PARTICIPATE IN MEETINGS, MANAGE FINANCIAL MATTERS, STRENGTHEN PROBLEM-SOLVING ABILITIES, AND ASSUME CIVIC RESPONSIBILITY. DEGREES EARNED AT LOCAL, STATE, AND NATIONAL LEVELS RECOGNIZE MEMBERS' INCREASING ACCOMPLISHMENT.

    Expenses $16,046,443 · Grants $2,555,568 · Revenue $15,546,949

  • THE NATIONAL FFA ORGANIZATION, GOVERNED BY A BOARD OF DIRECTORS, CHARTERS STATE ASSOCIATIONS; PROVIDES DIRECTION; PROGRAMMATIC MATERIALS AND SUPPORT; AND HOSTS THE NATIONAL FFA CONVENTION AND EXPO, WHICH DRAWS OVER 72,000 ATTENDEES EACH OCTOBER. THE WASHINGTON LEADERSHIP CONFERENCE USUALLY HAS OVER 1,700 TOTAL PARTICIPANTS (INCLUDING ADVISORS, STUDENTS, AND GUESTS).

    Expenses $8,561,459 · Revenue $8,651,052

As filed on the 2023 return.

Listed in Part VII

  • Cheryl Zimmerman

    National Executive Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Matt Winkle

    National Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Travis Park

    Nat'l Advisor & Board Chairman

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aaron McKim

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Barbara Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ben Lastly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brandon Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Parker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daphnne Bonaparte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deanna Schnuck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jessica Blythe

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Dietzschold

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Marc Beitia

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christine White

    CHIEF PROGRAM OFFICER

    Total calculated
    $202,338
    From this org
    $165,174
    From related orgs
    $0
    Other
    $37,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,800
    Bonus
    $0
    Other
    $374
    Deferred
    $0
    Nontaxable benefits
    $37,164
    Filer's total
    $202,338

  • Dan Riley

    CHIEF FINANCIAL OFFICER (Beg 06/23)

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

  • David Schapker

    CHIEF FINANCIAL OFFICER (END 03/23)

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

  • Scott Stump

    CHIEF EXECUTIVE OFFICER

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

    Schedule J breakdown matched by us

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

  • Anila Din

    Director, Human Resources

    Total calculated
    $157,120
    From this org
    $128,261
    From related orgs
    $0
    Other
    $28,859
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,229
    Bonus
    $0
    Other
    $1,032
    Deferred
    $5,952
    Nontaxable benefits
    $22,907
    Filer's total
    $157,120

  • Larry Downes

    DIRECTOR, MARKETING COMM.

    Total calculated
    $147,694
    From this org
    $120,567
    From related orgs
    $0
    Other
    $27,127
    Hours/week
    40

  • Lisa Richards

    DIRECTOR, MERCHANDISE SVCS

    Total calculated
    $159,488
    From this org
    $130,194
    From related orgs
    $0
    Other
    $29,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,970
    Bonus
    $0
    Other
    $224
    Deferred
    $17,550
    Nontaxable benefits
    $11,744
    Filer's total
    $159,488

  • Martin Peterson

    DIRECTOR, INFORMATION TECH.

    Total calculated
    $200,479
    From this org
    $163,656
    From related orgs
    $0
    Other
    $36,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,296
    Bonus
    $0
    Other
    $360
    Deferred
    $22,500
    Nontaxable benefits
    $14,323
    Filer's total
    $200,479

  • Melissa Rekeweg

    Managing Director, NCAE & Assoc Director, Strategic Initiatives

    Total calculated
    $139,151
    From this org
    $113,593
    From related orgs
    $0
    Other
    $25,558
    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 · Compensation committee
  • 3 · Compensation survey or study
  • 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

  • INDIANA FFA FOUNDATION

    $25,000

    2023 PROF GRANT

  • MISSOURI FFA ASSOCIATION

    $21,300

    2023 PROF GRANT

  • NORTH CAROLINA FFA ASSOCIATION

    $20,000

    2023 PROF GRANT

  • UTAH STATE FFA ASSOCIATION

    $19,300

    2023 PROF GRANT

  • NORTH DAKOTA FFA ASSOCIATION

    $18,500

    2023 PROF GRANT

  • VIRGINIA FFA ASSOCIATION

    $16,800

    2023 PROF GRANT

  • ARIZONA ASSOCIATION FFA

    $15,900

    2023 PROF GRANT

  • NEW YORK ASSOCIATION OF FFA

    $14,600

    2023 PROF GRANT

  • WEST VIRGINIA STATE FFA ASSOCIATION

    $14,400

    2023 PROF GRANT

  • WASHINGTON STATE FFA ASSOCIATION

    $14,300

    2023 PROF GRANT

The 10 largest by cash amount. The API serves every itemized grant.

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
18 September 2024
IRS schema version
2023v5.1
Source object
202422629349300907

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