Skip to content
Nonprofiteer
← TEXAS FUTURE FARMERS OF AMERICA FOUNDATION INC

Form 990 for tax year 2023

Filed by TEXAS FUTURE FARMERS OF AMERICA FOUNDATION INC.

Totals

Total revenue
$1,380,017
Total expenses
$1,493,104
Contributions and grants received
$1,131,905
Grants paid
$276,250
Program service revenue
$0
Investment income
$260,057
Other revenue
-$11,945
Total assets, end of year
$15,160,373
Total liabilities, end of year
$971,340
Net assets or fund balances, end of year
$14,189,033
Program services expenses (Part IX)
$1,123,003
Management and general expenses
$236,114
Fundraising expenses
$133,987
Program service expenses (Part III)
$1,123,003

Program services were 75.2% 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.

  • 1c · Fundraising events

    $118,678

  • 1f · All other contributions, gifts and grants

    $1,013,227

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $222,902 · excluded $222,902

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $298,158

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

    securities $261,003

  • 7c · Gain or loss

    securities $37,155 · other assets $0

  • 7d · Net gain or loss

    total $37,155 · excluded $37,155

  • 8a · Fundraising events: gross income

    $9,600

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

    $118,678

  • 8b · Fundraising events: direct expenses

    $61,978

  • 8c · Net income from fundraising events

    total -$52,378 · excluded -$52,378

  • 11a · Other revenue: Shared Services Reimbursement

    total $38,333 · related or exempt $38,333

  • 11b · Other revenue: SCHOLARSHIP MAINTENENCE FEE

    total $2,100 · related or exempt $2,100

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $40,433

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 2 · Grants to domestic individuals

    total $246,250 · program services $246,250

  • 5 · Compensation of officers, directors and key employees

    total $152,409 · program services $86,813 · management and general $28,937 · fundraising $36,659

  • 7 · Other salaries and wages

    total $145,999 · program services $83,162 · management and general $27,720 · fundraising $35,117

  • 8 · Pension plan contributions

    total $16,218 · program services $9,238 · management and general $3,079 · fundraising $3,901

  • 9 · Other employee benefits

    total $17,133 · program services $9,759 · management and general $3,253 · fundraising $4,121

  • 10 · Payroll taxes

    total $25,330 · program services $14,428 · management and general $4,809 · fundraising $6,093

  • 11c · Fees: accounting

    total $27,064 · management and general $27,064

  • 11f · Fees: investment management

    total $52,929 · management and general $52,929

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $43,551 · fundraising $43,551

  • 13 · Office expenses

    total $12,489 · program services $6,044 · management and general $6,044 · fundraising $401

  • 14 · Information technology

    total $120,941 · program services $58,531 · management and general $58,531 · fundraising $3,879

  • 16 · Occupancy

    total $54,901 · program services $41,176 · management and general $13,725

  • 17 · Travel

    total $8,273 · program services $4,004 · management and general $4,004 · fundraising $265

  • 19 · Conferences, conventions and meetings

    total $151,946 · program services $151,946

  • 22 · Depreciation, depletion and amortization

    total $3,352 · program services $2,514 · management and general $838

  • 23 · Insurance

    total $1,495 · management and general $1,495

  • 24a · Other expenses: Youth Education Projects

    total $302,715 · program services $302,715

  • 24b · Other expenses: Board Projects

    total $76,423 · program services $76,423

  • 24c · Other expenses: Bank Charges

    total $3,686 · management and general $3,686

  • 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 $58,247 · end of year $22,923

  • 2 · Savings and temporary cash investments

    beginning of year $1,299,335 · end of year $1,104,890

  • 4 · Accounts receivable

    beginning of year $153,059 · end of year $160,398

  • 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

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

    $39,340

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

    $33,288

  • 10c · Land, buildings and equipment, net

    beginning of year $6,070 · end of year $6,052

  • 11 · Investments: publicly traded securities

    beginning of year $12,428,189 · end of year $13,866,110

  • 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 $112,144 · end of year $127,215

  • 18 · Grants payable

    beginning of year $854,750 · end of year $844,125

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,091,259 · end of year $7,713,670

  • 28 · Net assets with donor restrictions

    beginning of year $5,886,747 · end of year $6,475,363

Mission and programs · 2023

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 $876,753 · Grants $30,000 · Revenue $38,333

  • Scholarships - recognizes the accomplishments of outstanding students who excel both in academic and proficiency categories.

    Expenses $246,250 · Grants $246,250 · Revenue $2,100

As filed on the 2023 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

  • 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

  • Courtney Dyer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Hunter

    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

  • 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

  • Karissa Jones

    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

  • Tom Johnson

    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

  • Troy Oliver

    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
    $152,409
    From this org
    $143,000
    From related orgs
    $0
    Other
    $9,409
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,000
    Bonus
    $0
    Other
    $0
    Deferred
    $8,109
    Nontaxable benefits
    $1,300
    Filer's total
    $152,409

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 · Form 990 of other organizations
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349306162

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.