Future Farmers Of America And Its State Associations & Local Chapter
- Assets
- $19.9k
- Revenue
- $156.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 01/1945
- Data as of
- 06/2022
- EIN
- 14-6048834
Organization Overview
Future Farmers Of America And Its State Associations & Local Chapter is located in Ithaca, NY. The organization was established in 1945. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Farmers Of America And Its State Associations & Local Chapter is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Future Farmers Of America And Its State Associations & Local Chapter generated $156.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $166.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL LEADERSHIP OF AGRICULTURAL YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK STATE SECONDARY SCHOOLS PARTICIPATED IN ONGOING LEADERSHIP ACTIVITIES ON LOCAL, DISTRICT, STATE, AND NATIONAL LEVELS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tara Berescik Chair-Elect | Trustee | 0 | $0 |
Chloe Fuentes District 1&2 Trustee | Trustee | 0 | $0 |
Elizabeth Foote Chair | Trustee | 0 | $0 |
Mary-Elizabeth Foote District 3&6 Trustee | Trustee | 0 | $0 |
Renee Johnson District 4&5 Trustee | Trustee | 0 | $0 |
Crystal Aukema District 7&8 Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $38,663 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $117,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,372 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $156,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,378 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,670 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,025 |
| All other expenses | $12,944 |
| Total functional expenses | $166,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,247 |
| Savings and temporary cash investments | $318 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,898 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $19,898 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,898 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farms For City Kids Foundation Inc Port Washington, NY | $13,292,500 | $3,299,367 |
The Farm School Inc Athol, MA | $2,963,287 | $1,946,125 |
4-H Education Center At Auerfarm Inc Bloomfield, CT | $2,401,626 | $1,217,918 |
New York State Future Farmers Leadership Trng Foundation Inc Croghan, NY | $5,663,495 | $1,226,408 |
Future Farmers Of America Harrisburg, PA | $155,785 | $777,480 |
Worcester County 4-H Center Inc Spencer, MA | $1,155,680 | $820,745 |
Wellsboro Shared Homes Inc Wellsboro, PA | $416,497 | $421,167 |
Massachusetts 4-H Foundation Inc Framingham, MA | $9,229,390 | $486,895 |
Connecticut 4-H Foundation Inc Storrs Mansfield, CT | $432,789 | $352,367 |
Turn Back Time Paxton, MA | $410,646 | $382,499 |
Kistner Foundation Inc Ashfield, MA | $2,209,686 | $2,192,968 |
Hunterdon County 4-H And Agricultural Fair Hopewell, NJ | $795,386 | $371,256 |