Form 990 for tax year 2024
Filed by TEXAS FUTURE FARMERS OF AMERICA FOUNDATION INC.
Totals
- Total revenue
- $1,993,103
- Total expenses
- $1,557,433
- Contributions and grants received
- $1,291,401
- Grants paid
- $508,809
- Program service revenue
- $0
- Investment income
- $731,404
- Other revenue
- -$29,702
- Total assets, end of year
- $17,126,056
- Total liabilities, end of year
- $1,086,159
- Net assets or fund balances, end of year
- $16,039,897
- Program services expenses (Part IX)
- $1,178,334
- Management and general expenses
- $254,183
- Fundraising expenses
- $124,916
- Program service expenses (Part III)
- $1,178,334
Program services were 75.7% 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
$102,085
-
1f · All other contributions, gifts and grants
$1,189,316
-
3 · Investment income
total $274,871 · excluded $274,871
-
7a · Gross sales of assets other than inventory
securities $1,120,481
-
7b · Less cost or other basis and sales expenses
securities $663,948
-
7c · Gain or loss
securities $456,533
-
7d · Net gain or loss
total $456,533 · excluded $456,533
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$102,085
-
8b · Fundraising events: direct expenses
$46,177
-
8c · Net income from fundraising events
total -$46,177 · excluded -$46,177
-
11a · Other revenue: SCHOLARSHIP FORFEITURES
total $9,375 · related or exempt $9,375
-
11b · Other revenue: SHARED SERVICES REIMBURSEMENT
total $5,000 · related or exempt $5,000
-
11c · Other revenue: SCHOLARSHIP MAINTENANCE FEE
total $2,100 · related or exempt $2,100
-
11e · Other revenue, total
$16,475
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $191,184 · program services $191,184
-
2 · Grants to domestic individuals
total $317,625 · program services $317,625
-
5 · Compensation of officers, directors and key employees
total $146,416 · program services $83,347 · management and general $27,782 · fundraising $35,287
-
7 · Other salaries and wages
total $137,567 · program services $78,311 · management and general $26,103 · fundraising $33,153
-
8 · Pension plan contributions
total $26,741 · program services $15,222 · management and general $5,074 · fundraising $6,445
-
9 · Other employee benefits
total $10,204 · program services $5,809 · management and general $1,936 · fundraising $2,459
-
10 · Payroll taxes
total $22,335 · program services $12,714 · management and general $4,238 · fundraising $5,383
-
11c · Fees: accounting
total $35,710 · management and general $35,710
-
11g · Fees: other
total $52,380 · management and general $52,380
-
12 · Advertising and promotion
total $37,367 · fundraising $37,367
-
13 · Office expenses
total $94,996 · program services $61,778 · management and general $29,953 · fundraising $3,265
-
14 · Information technology
total $58,642 · program services $31,480 · management and general $25,605 · fundraising $1,557
-
16 · Occupancy
total $46,307 · program services $32,276 · management and general $14,031
-
17 · Travel
total $8,506 · program services $4,253 · management and general $4,253
-
19 · Conferences, conventions and meetings
total $215,972 · program services $215,972
-
22 · Depreciation, depletion and amortization
total $2,420 · program services $1,815 · management and general $605
-
23 · Insurance
total $1,490 · management and general $1,490
-
24a · Other expenses: YOUTH & EDUCATION PROJE
total $89,720 · program services $89,720
-
24b · Other expenses: PROGRAM PROJECTS
total $36,828 · program services $36,828
-
24c · Other expenses: BAD DEBTS
total $19,503 · management and general $19,503
-
24d · Other expenses: BANK CHARGES
total $5,520 · management and general $5,520
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,923 · end of year $12,438
-
2 · Savings and temporary cash investments
beginning of year $1,104,890 · end of year $1,144,438
-
4 · Accounts receivable
beginning of year $160,398 · end of year $113,700
-
10a · Land, buildings and equipment: cost or other basis
$39,340
-
10b · Land, buildings and equipment: accumulated depreciation
$35,708
-
10c · Land, buildings and equipment, net
beginning of year $6,052 · end of year $3,632
-
11 · Investments: publicly traded securities
beginning of year $13,866,110 · end of year $15,851,848
-
17 · Accounts payable and accrued expenses
beginning of year $127,215 · end of year $167,784
-
18 · Grants payable
beginning of year $844,125 · end of year $918,375
-
27 · Net assets without donor restrictions
beginning of year $7,713,670 · end of year $8,624,169
-
28 · Net assets with donor restrictions
beginning of year $6,475,363 · end of year $7,415,728
Mission and programs · 2024
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 FOR STUDENTS.
-
YOUTH & EDUCATION PROJECTS - SUPPORTS PROJECTS PROMOTING THE ASSOCIATION AND AGRICULTURAL EDUCATION THROUGHOUT THE STATE INCLUDING RELATED CONFERENCES, CONVENTIONS, AND MEETINGS.
Expenses $860,709 · Grants $191,184 · Revenue $5,000
-
SCHOLARSHIPS - RECOGNIZES THE ACCOMPLISHMENTS OF OUTSTANDING STUDENTS WHO EXCEL BOTH IN ACADEMIC AND PROFICIENCY CATEGORIES.
Expenses $317,625 · Grants $317,625 · Revenue $11,475
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mitchell DaleMITCHELL DALE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Bruce CobbBRUCE COBB
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Rex IsomREX ISOM
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ray PieniazekRAY PIENIAZEK
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Gary VandeaverGARY VANDEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Keith ClineKEITH CLINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cleo FranklinCLEO FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Wayne GoldbergWAYNE GOLDBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Victor GuerraVICTOR GUERRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brooks HaglerBROOKS HAGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dewey HukillDEWEY HUKILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken JohnsonKEN JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Paul JordanPAUL JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bo LinnartzBO LINNARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Joseph MonteleoneJOSEPH MONTELEONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dusty MooreDUSTY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Neely NelsonNEELY NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tommy NeylandTOMMY NEYLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Justin RansomJUSTIN RANSOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Della SernaDELLA SERNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan TaylorDAN TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom ZiglerTOM ZIGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris BrittonCHRIS BRITTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Courtney DyerCOURTNEY DYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Troy OliverTROY OLIVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lynita FosterLYNITA FOSTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dan HunterDAN HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer JacksonJENNIFER JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Tom JohnsonTOM JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karissa JonesKARISSA JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Toby LongTOBY LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Aaron AlejandroAARON ALEJANDRO
EXECUTIVE DIRECTOR
- Total calculated
- $146,416
- From this org
- $133,000
- From related orgs
- $0
- Other
- $13,416
- 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
-
GENERAL SUPPORT
-
GENERAL SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523179349307122
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