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Nonprofiteer
← IOWA FFA FOUNDATION

Form 990 for tax year 2022

Filed by IOWA FFA FOUNDATION.

Totals

Total revenue
$3,267,436
Total expenses
$1,170,303
Contributions and grants received
$2,805,560
Grants paid
$402,966
Program service revenue
$0
Investment income
$43,598
Other revenue
$418,278
Total assets, end of year
$14,221,721
Total liabilities, end of year
$5,575,978
Net assets or fund balances, end of year
$8,645,743
Program services expenses (Part IX)
$778,585
Management and general expenses
$244,901
Fundraising expenses
$146,817
Program service expenses (Part III)
$778,585

Program services were 66.5% 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.

  • 1c · Fundraising events

    $78,923

  • 1f · All other contributions, gifts and grants

    $2,726,637

  • 1g · Noncash contributions included above

    $53,641

  • 3 · Investment income

    total $66,351 · excluded $66,351

  • 6a · Gross rents

    real property $664,959 · personal property $140,105

  • 6b · Less rental expenses

    real property $576,746 · personal property $60,609

  • 6c · Rental income or loss

    real property $88,213 · personal property $79,496

  • 6d · Net rental income or loss

    total $167,709 · unrelated business $167,709

  • 7a · Gross sales of assets other than inventory

    securities $309,846

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

    securities $332,599

  • 7c · Gain or loss

    securities -$22,753

  • 7d · Net gain or loss

    total -$22,753 · excluded -$22,753

  • 8a · Fundraising events: gross income

    $118,508

  • 8a · Fundraising events: contributions included on line 1c

    $78,923

  • 8b · Fundraising events: direct expenses

    $30,223

  • 8c · Net income from fundraising events

    total $88,285 · excluded $88,285

  • 10a · Gross sales of inventory

    $50,419

  • 10b · Cost of goods sold

    $34,831

  • 10c · Net income from sales of inventory

    total $15,588 · related or exempt $15,588

  • 11a · Other revenue: CATERING FEES

    total $78,967 · unrelated business $78,967

  • 11b · Other revenue: OTHER INCOME

    total $67,729 · excluded $67,729

  • 11e · Other revenue, total

    $146,696

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $302,266 · program services $302,266

  • 2 · Grants to domestic individuals

    total $100,700 · program services $100,700

  • 5 · Compensation of officers, directors and key employees

    total $100,142 · program services $20,028 · management and general $45,064 · fundraising $35,050

  • 7 · Other salaries and wages

    total $154,193 · program services $11,934 · management and general $78,566 · fundraising $63,693

  • 8 · Pension plan contributions

    total $5,022 · program services $289 · management and general $2,878 · fundraising $1,855

  • 9 · Other employee benefits

    total $19,578 · program services $3,108 · management and general $7,894 · fundraising $8,576

  • 10 · Payroll taxes

    total $16,826 · program services $2,137 · management and general $7,650 · fundraising $7,039

  • 11c · Fees: accounting

    total $20,698 · management and general $20,698

  • 11f · Fees: investment management

    total $13,225 · management and general $13,225

  • 11g · Fees: other

    total $38,544 · management and general $20,233 · fundraising $18,311

  • 12 · Advertising and promotion

    total $450 · fundraising $450

  • 13 · Office expenses

    total $1,467 · program services $258 · management and general $1,189 · fundraising $20

  • 16 · Occupancy

    total $6,668 · program services $519 · management and general $6,149

  • 17 · Travel

    total $22,309 · program services $10,020 · management and general $6,136 · fundraising $6,153

  • 19 · Conferences, conventions and meetings

    total $9,415 · program services $8,143 · management and general $275 · fundraising $997

  • 20 · Interest

    total $66,203 · program services $66,203

  • 22 · Depreciation, depletion and amortization

    total $198,127 · program services $195,404 · management and general $2,723

  • 23 · Insurance

    total $24,715 · program services $15,151 · management and general $9,564

  • 24a · Other expenses: GENERAL MATERIALS

    total $30,973 · program services $30,606 · management and general $187 · fundraising $180

  • 24b · Other expenses: PRINTING & COPYING

    total $13,386 · program services $5,261 · management and general $7,078 · fundraising $1,047

  • 24c · Other expenses: SPONSOR/DONOR RECOGNITI

    total $12,140 · program services $4,459 · management and general $6,940 · fundraising $741

  • 24d · Other expenses: POSTAGE

    total $3,311 · program services $373 · management and general $2,583 · fundraising $355

  • 24e · All other expenses

    total $9,945 · program services $1,726 · management and general $5,869 · fundraising $2,350

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $597,135 · end of year $658,500

  • 3 · Pledges and grants receivable

    beginning of year $570,023 · end of year $1,998,483

  • 4 · Accounts receivable

    beginning of year $105,204 · end of year $119,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $48,492 · end of year $41,453

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

    $14,284,261

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

    $5,059,472

  • 10c · Land, buildings and equipment, net

    beginning of year $9,529,368 · end of year $9,224,789

  • 11 · Investments: publicly traded securities

    beginning of year $1,553,633 · end of year $2,178,801

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,437 · end of year $134,304

  • 19 · Deferred revenue

    beginning of year $15,775 · end of year $23,535

  • 24 · Unsecured notes and loans payable

    beginning of year $2,775,000 · end of year $2,300,000

  • 25 · Other liabilities

    beginning of year $2,996,966 · end of year $3,118,139

  • 27 · Net assets without donor restrictions

    beginning of year $5,588,333 · end of year $6,182,568

  • 28 · Net assets with donor restrictions

    beginning of year $889,344 · end of year $2,463,175

Mission and programs · 2022

Mission

THE IOWA FFA FOUNDATION CULTIVATES PARTNERSHIPS SUPPORTING AGRICULTURAL EDUCATION AND ALSO SEEKS AND PROVIDES FINANCIAL SUPPORT TO ASSIST AGRICULTURAL EDUCATION ORGANIZATIONS IN ACCOMPLISIHING THEIR MISSIONS.

Activities or mission (Part I)

TO CULTIVATE PARTNERSHIPS SUPPORTING AGRICULTURAL EDUCATION & PROVIDE FINANCIAL SUPPORT(SCH O)TO ASSIST AGRICULTURAL EDUCATION ORGANIZATIONS IN ACCOMPLISHING THEIR MISSIONS.

  • THE FOUNDATION SUPPORTS THE DEVELOPMENT OF QUALITY AGRICULTURAL EDUCATION PROGRAMS FOR HIGH SCHOOL STUDENTS, FFA MEMBERS, FFA CHAPTERS, AND OTHERS THROUGH PROFICIENCY AWARDS, CAREER DEVELOPMENT EVENTS, EXHIBITOR AWARDS, SCHOLARSHIP PROGRAMS, INCENTIVE AWARDS, AGRICULTURAL EDUCATION INSTRUCTIONAL MATERIALS, SEMINARS, CONFERENCES, WORKSHOPS, AND OTHER ACTIVITIES.

    Expenses $778,585 · Grants $402,966 · Revenue $15,588

As filed on the 2022 return.

Listed in Part VII

  • Jason Berkland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Josh Earll

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Maggie Stith

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    1

  • Ron Zelle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jim Gardner

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Keith Soltwedel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammy Niemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Christiansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwayne Faidley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julianne Johnston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Weuve

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tim Kapucian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Remington

    EXECUTIVE DIRECTOR

    Total calculated
    $91,792
    From this org
    $83,340
    From related orgs
    $0
    Other
    $8,452
    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
29 November 2023
IRS schema version
2022v5.0
Source object
202313399349300711

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