Arkansas Ffa Foundation Inc
- Assets
- $4.3m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Hot Springs, AR
- Founding
- 10/1970
- Data as of
- 06/2021
- EIN
- 23-7079719
Organization Overview
Arkansas Ffa Foundation Inc, operating under the name Marion Fletcher, is located in Hot Springs, AR. The organization was established in 1970. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 06/2021, Marion Fletcher employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion Fletcher 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 06/2021, Marion Fletcher generated $3.1m in total revenue. All expenses for the organization totaled $689.1k during the year ending 06/2021. While expenses have increased by 55.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN CAMPGROUND FACILITIES AND PROVIDE EDUCATION FOR THE ARKANSAS STATE CHAPTERS AND LEADERSHIP TRAINING FOR FUTURE FARMERS.
SPONSORED TRIPS TO NATIONAL AND REGIONAL CONVENTIONS/CONFERENCES FOR FFA STATE OFFICERS AND MEMBERS CONTINUED EDUCATION
FFA FOUNDATION SCHOLARSHIPS FOR MORE THAN TWENTY STUDENTS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jones Financial Director (outgoing) | Officer | 40 | $61,162 |
Rob Roedel Chairman | OfficerTrustee | 5 | $0 |
Jennifer Cook Financial Director (acting) | Officer | 40 | $0 |
Ralph Stewart Board Member | Trustee | 5 | $0 |
Bruce Maloch Board Member | Trustee | 5 | $0 |
Cody Burkham Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,913 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,903,585 |
| Noncash contributions included in lines 1a–1f | $3,114 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,998,617 |
| Total Program Service Revenue | $111,498 |
| Investment income | $1,692 |
| 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 | $3,118,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| Grants and other assistance to domestic individuals. | $8,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $55,670 |
| Compensation of current officers, directors, key employees. | $27,835 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,250 |
| Pension plan accruals and contributions | $2,151 |
| Other employee benefits | $0 |
| Payroll taxes | $10,011 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,406 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,789 |
| Office expenses | $3,798 |
| Information technology | $12,910 |
| Royalties | $0 |
| Occupancy | $233,036 |
| Travel | $3,005 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,343 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $162,328 |
| Insurance | $27,604 |
| All other expenses | $0 |
| Total functional expenses | $689,078 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,435 |
| Savings and temporary cash investments | $2,720,179 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$16,447 |
| 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 | $1,478,135 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,312,302 |
| Accounts payable and accrued expenses | $14,206 |
| 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 | $14,206 |
| Net assets without donor restrictions | $4,298,096 |
| 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 | $4,312,302 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Arkansas Ffa Foundation Inc has recieved totaling $115,922.
| Awarding Organization | Amount |
|---|---|
Arkansas Farm Bureau Foundation Little Rock, AR PURPOSE: DEPT OF ED MOU - FUNDS FOR FFA | $83,402 |
Ben J Altheimer Charitable Foundation Inc Little Rock, AR PURPOSE: EDUCATIONAL PROGRAMS | $10,000 |
Arkansas Farm Bureau Foundation Little Rock, AR PURPOSE: DONATION | $10,000 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN PURPOSE: 2021 PROF GRANT | $5,800 |
Arkansas Farm Bureau Foundation Little Rock, AR PURPOSE: DONATION-TRAP SHOOT PROCEEDS | $5,500 |
Ferguson Family Baptist Missionary And Educational Fndn Ltd Arkadelphia, AR PURPOSE: CHARITABLE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Worth Stockshow Syndicate Fort Worth, TX | $3,490,318 | $6,046,613 |
Event Facilities Fort Worth Inc Fort Worth, TX | $56,896,303 | $667,519 |
Oklahoma Youth Exposition Inc Oklahoma City, OK | $6,978,217 | $5,243,188 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Nueces County Junior Livestock Association Robstown, TX | $379,208 | $2,671,206 |
Future Farmers Of America State Associations & Local Chapter Austin, TX | $2,278,284 | $2,619,828 |
Texas 4-H Boerne, TX | $23,369 | $0 |
Tennessee 4-H Foundation Inc Knoxville, TN | $16,194,454 | $2,369,376 |
Texas 4 H Youth Development Foundation College Station, TX | $9,527,657 | $3,383,549 |
Ellis County Youth Expo Waxahachie, TX | $936,551 | $1,557,361 |
Hill Country District Juniorlivestock Show Association Kerrville, TX | $1,755,004 | $1,336,079 |
Arkansas 4-H Foundation Inc Little Rock, AR | $9,320,360 | $1,535,415 |