Future Farmers Of America
- Assets
- $901.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/1945
- Data as of
- 08/2023
- EIN
- 31-6080602
Organization Overview
Future Farmers Of America, operating under the name Ohio Ffa, is located in Columbus, OH. 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. Ohio Ffa 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 08/2023, Ohio Ffa generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. While expenses have increased by 1.1% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FFA MAKES A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION. THE OHIO FFA ASSOCIATION PROVIDES PERSONAL DEVELOPMENT AND LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR OUR MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEFITS TO DUES PAYING MEMBERS OF THE OHIO FFA ASSOCIATION INCLUDE BUT ARE NOT LIMITED TO MEMBERSHIP IN THE OHIO AND NATIONAL FFA ORGANIZATIONS, MEMBER DISCOUNTS TO CONFERENCES AND CONVENTIONS, AND OPPORTUNITIES TO RECEIVE RECOGNITION THROUGH THE OHIO FFA ASSOCIATION'S AWARD PROGRAM.
THE OHIO FFA CENTER - LOCATED ON THE PROPERTY OF THE OHIO EXPOSITIONS CENTER AND OHIO STATE FAIRGROUNDS, THE OHIO FFA CENTER PROVIDES A MEETING FACILITY FOR FFA MEMBERS AS WELL AS ARCHIVES OF THE HISTORY OF THE OHIO FFA.
AWARD AREAS & STUDENT ACTIVITIES - THE OHIO FFA ASSOCIATION PROVIDES PROGRAMS AND PROJECTS AVAILABLE TO OVER 23,000 AGRICULTURE EDUCATION STUDENTS. EACH YEAR, OVER 600 STUDENTS APPLY FOR STATE RECOGNITION IN 49 PROFICIENCY AWARD AREAS, AND NEARLY 600 STATE FFA DEGREES AND 300 AMERICAN DEGREES ARE CONFERRED. ADDITIONALLY, OHIO FFA MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN STATE AND NATIONAL CONVENTIONS, STATE OFFICER PROGRAMS, CHAPTER OFFICER LEADERSHIP TRAINING CONFERENCES AND PERSONAL DEVELOPMENT CONFERENCES (COLT, 212, 360).
INFORMATION DISTRIBUTION - THE OHIO FFA ASSOCIATION HAS A BI-MONTHLY PAGE IN THE OHIO COUNTRY JOURNAL, AN ANNUAL REPORT, STATE FFA CALENDAR, AND A WEEKLY ELECTRONIC NEWSLETTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bailey Board Member | Trustee | 2 | $0 |
Alyssa Bregel Asst. Direct | Trustee | 15 | $0 |
Shelly Groves Board Member | Trustee | 2 | $0 |
Laura Kackley Board Member | Trustee | 2 | $0 |
Kaydence Morris State Ffa Re | Trustee | $0 | |
Milan Pozderac Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $552,565 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,565 |
| Total Program Service Revenue | $669,656 |
| Investment income | $16,063 |
| 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 | $1,256,159 |
| 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 | $100,680 |
| Pension plan accruals and contributions | $2,361 |
| Other employee benefits | $0 |
| Payroll taxes | $6,908 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,132 |
| Fees for services: Other | $90,916 |
| Advertising and promotion | $3,800 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $434,743 |
| Interest | $0 |
| Payments to affiliates | $265,418 |
| Depreciation, depletion, and amortization | $28,388 |
| Insurance | $9,034 |
| All other expenses | $62,076 |
| Total functional expenses | $1,211,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,577 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,173 |
| 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 | $100,456 |
| Investments—publicly traded securities | $492,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $901,304 |
| Accounts payable and accrued expenses | $17,195 |
| 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 | $17,195 |
| Net assets without donor restrictions | $884,109 |
| 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 | $901,304 |