Form 990 for tax year 2022
Filed by TEXAS FUTURE FARMERS OF AMERICA FOUNDATION INC.
Totals
- Total revenue
- $1,337,644
- Total expenses
- $1,526,016
- Contributions and grants received
- $1,264,516
- Grants paid
- $338,000
- Program service revenue
- $55,913
- Investment income
- $14,415
- Other revenue
- $2,800
- Total assets, end of year
- $13,944,900
- Total liabilities, end of year
- $966,894
- Net assets or fund balances, end of year
- $12,978,006
- Program services expenses (Part IX)
- $1,131,233
- Management and general expenses
- $274,675
- Fundraising expenses
- $120,108
- Program service expenses (Part III)
- $1,131,233
Program services were 74.1% 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
$1,264,516
-
2a · Program service revenue: Public Relations
total $40,413 · related or exempt $40,413
-
2b · Program service revenue: Scholarship Forfeiture
total $15,500 · related or exempt $15,500
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $188,902 · excluded $188,902
-
6c · Rental income or loss
real property $0 · personal property $0
-
7a · Gross sales of assets other than inventory
securities $791,685
-
7b · Less cost or other basis and sales expenses
securities $966,172
-
7c · Gain or loss
securities -$174,487 · other assets $0
-
7d · Net gain or loss
total -$174,487 · excluded -$174,487
-
11a · Other revenue: SCHOLARSHIP MAINTENENCE FEE
total $2,800 · related or exempt $2,800
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,800
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $338,000 · program services $338,000
-
5 · Compensation of officers, directors and key employees
total $139,167 · program services $79,293 · management and general $26,431 · fundraising $33,443
-
7 · Other salaries and wages
total $124,960 · program services $71,199 · management and general $23,732 · fundraising $30,029
-
8 · Pension plan contributions
total $2,887 · program services $1,645 · management and general $548 · fundraising $694
-
9 · Other employee benefits
total $16,695 · program services $9,512 · management and general $3,171 · fundraising $4,012
-
10 · Payroll taxes
total $19,634 · program services $11,187 · management and general $3,729 · fundraising $4,718
-
11c · Fees: accounting
total $22,456 · management and general $22,456
-
11f · Fees: investment management
total $77,885 · management and general $77,885
-
11g · Fees: other
total $0 · program services $0 · management and general $0 · fundraising $0
-
14 · Information technology
total $88,146 · program services $42,001 · management and general $42,001 · fundraising $4,144
-
16 · Occupancy
total $78,649 · program services $58,987 · management and general $19,662
-
17 · Travel
total $18,318 · program services $8,728 · management and general $8,728 · fundraising $862
-
19 · Conferences, conventions and meetings
total $170,686 · program services $170,686
-
22 · Depreciation, depletion and amortization
total $2,960 · program services $2,220 · management and general $740
-
24a · Other expenses: Youth Education Projects
total $223,857 · program services $223,857
-
24b · Other expenses: Board Expenses
total $74,146 · program services $74,146
-
24c · Other expenses: Bad Debt Expense
total $59,900 · program services $29,950 · management and general $29,950
-
24d · Other expenses: Campaign Fulfillment
total $38,282 · fundraising $38,282
-
24e · All other expenses
total $29,388 · program services $9,822 · management and general $15,642 · fundraising $3,924
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,772 · end of year $58,247
-
2 · Savings and temporary cash investments
beginning of year $1,326,963 · end of year $1,299,335
-
4 · Accounts receivable
beginning of year $258,516 · end of year $153,059
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$36,006
-
10b · Land, buildings and equipment: accumulated depreciation
$29,936
-
10c · Land, buildings and equipment, net
beginning of year $7,650 · end of year $6,070
-
11 · Investments: publicly traded securities
beginning of year $14,781,127 · end of year $12,428,189
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $50,000 · end of year $112,144
-
18 · Grants payable
beginning of year $808,856 · end of year $854,750
-
19 · Deferred revenue
beginning of year $50,000 · end of year $0
-
22 · Loans and payables to officers and key people
end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $8,749,585 · end of year $7,091,259
-
28 · Net assets with donor restrictions
beginning of year $6,736,587 · end of year $5,886,747
Mission and programs · 2022
Mission
Building on the proven success of Texas agriculture education and the Texas FFA program, our mission is distinguished by the continued development, funding, and implementation of cutting edge learning opportunities focusing on academic achievement, critical thinking, leadership and communication skills, technical and practical skills, teamwork, and a strong work ethic.
Activities or mission (Part I)
STRENGTHEN AGRICULTURAL EDUCATION AND THE TEXAS FFA PROGRAM, SO EACH STUDENT CAN DEVELOP THEIR POTENTIAL FOR PERSONAL GROWTH, CAREER SUCCESS, AND LEADERSHIP IN A GLOBAL MARKETPLACE.
-
Youth & Education Projects - Supports projects promoting the association and agricultural education throughout the state including related conferences, conventions, and meetings.
Expenses $793,233 · Revenue $58,713
-
Scholarships to top FFA Members.
Expenses $338,000 · Grants $338,000
As filed on the 2022 return.
Listed in Part VII
-
Bruce Cobb
Vice Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Mitchell Dale
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Ray Pieniazek
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Rex Isom
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Bo Linnartz
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brad Snyder
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brian Bolton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Brooks Hagler
Director
- Total calculated
- $0
- Hours/week
- 2
-
Chris Britton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Cleo Franklin
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dan Taylor
Director
- Total calculated
- $0
- Hours/week
- 2
-
Della Serna
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dewey Hukill
Director
- Total calculated
- $0
- Hours/week
- 2
-
Dusty Moore
Director
- Total calculated
- $0
- Hours/week
- 2
-
Eddie Priefert
Director
- Total calculated
- $0
- Hours/week
- 2
-
Gary VanDeaver
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer Jackson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joseph Monteleone
Director
- Total calculated
- $0
- Hours/week
- 2
-
Justin Ransom
Director
- Total calculated
- $0
- Hours/week
- 2
-
Keith Cline
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ken Johnson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Neely Nelson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Paul Jordan
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stan Ray
Director
- Total calculated
- $0
- Hours/week
- 2
-
Terry Baize
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tom Ziglar
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tommy Neyland
Director
- Total calculated
- $0
- Hours/week
- 2
-
Traylor Lenz
Director
- Total calculated
- $0
- Hours/week
- 2
-
Victor Guerra
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wayne Goldberg
Director
- Total calculated
- $0
- Hours/week
- 2
-
Aaron Alejandro
Executive Director
- Total calculated
- $139,167
- From this org
- $121,677
- From related orgs
- $0
- Other
- $17,490
- 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
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.
-
Vocational Agriculture Teachers Association of Texas
501(c)(6) · Administer programs & activities for vocational agriculture teachers · TX
Directly controlled by NA
-
Texas Association of Future Farmers of America
501(c)(3) · Develop student skills in leadership, growth, and career success · TX
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349324632
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