Illinois Foundation Future Farmers Of America Inc
- Assets
- $2.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 10/1949
- Data as of
- 06/2022
- EIN
- 37-6032081
Organization Overview
Illinois Foundation Future Farmers Of America Inc is located in Springfield, IL. The organization was established in 1949. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Foundation Future Farmers Of America Inc 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, Illinois Foundation Future Farmers Of America Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $811.0k during the year ending 06/2022. While expenses have increased by 9.0% per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OBJECTIVES AND PURPOSES OF THE ILLINOIS FOUNDATION FFA, INC. ARE TO RECEIVE BY REQUEST, DEVISE, GIFT, OR OTHERWISE, EITHER ABSOLUTE OR IN TRUST FOR ANY OF ITS PURPOSES, ANY PROPERTY, REAL OR PERSONAL, FUND OR NO FUND, WITHOUT LIMITATION AS TO AMOUNT OR VALUE TO CONVEY SUCH PROPERTY AND TO INVEST OR REINVEST ANY PRINCIPAL, AND TO DEAL WITH AND EXPAND THE INCOME AND/OR PRINCIPAL OF THE CORPORATION FOR SUCH EDUCATION ACTIVITIES AND IN SUCH A MANNER AS IN THE JUDGEMENT OF THE BOARD OF TRUSTEES WILL STIMULATE AND PROMOTE THE BEST INTERESTS OF STUDENTS AND FORMER STUDENTS OF AGRICULTURAL EDUCATION ON A LOCAL, SECTIONAL,OR STATE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND PLAQUES FOR RECOGNITION OF HIGH SCHOOL VOCATIONAL AGRICULTURAL STUDENTS FOR ACHIEVEMENTS, STUDENT OFFICER EXPENSES FOR TRAVEL TO CONDUCT TRAINING SCHOOLS, CHAPTER VISITS, AND STATE OFFICE LEADERSHIP MEETINGS FOR OVER 22,000 MEMBERS.
SUPPORT TO FFA RELATED ORGANIZATIONS INCLUDING ILLINOIS ASSOCIATION FUTURE FARMERS OF AMERICA, ILLINOIS ASSOCIATION OF VOCATIONAL AGRICULTURE TEACHERS, AND OTHERS.(PUBLIC RELATIONS)
SCHOLARSHIPS TO FFA MEMBERS. SUPPORT TO FIRST YEAR AGRICULTURE HIGH SCHOOL TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Webel Chair | OfficerTrustee | 0.1 | $0 |
Karen Blatter Schieler Vice Chair Of Sponsors | OfficerTrustee | 0.1 | $0 |
Thomas Martin Vice Chair Collection Driv | OfficerTrustee | 0.1 | $0 |
Rod Stroll Sponsor Committee Member | Trustee | 0.1 | $0 |
Sarah Strutner Sponsor Committee Member | Trustee | 0.1 | $0 |
Brandon Knodel Sponsor Committee Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,403,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,403,306 |
| Total Program Service Revenue | $10,738 |
| Investment income | $28,939 |
| 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 | $1,442,983 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $530,653 |
| Grants and other assistance to domestic individuals. | $127,206 |
| 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 | $7,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,143 |
| Advertising and promotion | $4,368 |
| Office expenses | $0 |
| Information technology | $2,737 |
| Royalties | $0 |
| Occupancy | $46,484 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,934 |
| Insurance | $8,587 |
| All other expenses | $263 |
| Total functional expenses | $811,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,654 |
| Savings and temporary cash investments | $2,023,862 |
| 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 | $438,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,531,476 |
| 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 | $2,160,469 |
| Net assets with donor restrictions | $371,007 |
| 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 | $2,531,476 |
Grants Awarded
Over the last fiscal year, Illinois Foundation Future Farmers Of America Inc has awarded $512,864 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS ASSOCIATION OF FUTURE FARMERS OF AMERICA PURPOSE: Support for convention, Leadership Camp, Conference, Section/District awards, National Convention, and other. | $341,365 |
ILLINOIS ASSOCIATION OF VOCATIONAL AGRICULTURE TEACHERS PURPOSE: Annual conference, plaques and awards, Board of Directors, Beginning Advisor Workshop | $19,690 |
IAVAT ADMINISTRATIVE FUND PURPOSE: Assistance with building and grounds, staff, and other expense. | $146,716 |
ILLINOIS FFA ALUMNI ASSOCIATION PURPOSE: Support for annual meeting. | $5,093 |