Illinois Foundation Future Farmers Of America Inc

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 06/2021, Illinois Foundation Future Farmers Of America Inc generated $790.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $648.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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 20,000 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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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$707,865
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$707,865
Total Program Service Revenue$6,687
Investment income $76,213
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 $790,765

Grants Awarded

Over the last fiscal year, Illinois Foundation Future Farmers Of America Inc has awarded $189,239 in support to 3 organizations.

Grant RecipientAmount

ILLINOIS ASSOCIATION OF FUTURE FARMERS OF AMERICA

Org PageRecipient Profile

Springfield, IL

PURPOSE: Support for convention, Leadership Camp, Conference, Section/District awards, National Convention, and other.

$172,054

ILLINOIS ASSOCIATION OF VOCATIONAL AGRICULTURE TEACHERS

Org PageRecipient Profile

Springfield, IL

PURPOSE: Annual conference, plaques and awards, Board of Directors, Beginning Advisor Workshop

$17,185

IAVAT ADMINISTRATIVE FUND

Org PageRecipient Profile

Springfield, IL

PURPOSE: Building and grounds $80,000Foundation staff $56,000Other $9,505

$0
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Illinois Foundation Future Farmers Of America Inc has recieved totaling $36,677.

Awarding OrganizationAmount
Southeastern Illinois Community Foundation

Effingham, IL

PURPOSE: GENERAL SUPPORT

$14,286
Illinois Corn Marketing Board

Bloomington, IL

PURPOSE: FUNDING

$14,000
Community Foundation Of East Central Illinois

Champaign, IL

PURPOSE: GENERAL SUPPORT

$8,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$366
Baird Foundation Inc

Milwaukee, WI

PURPOSE: ETHNIC AND RELIGIOUS

$25
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$60,000
Ending Balance$60,000

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