South Dakota Ffa Foundation Inc
- Assets
- $1.2m
- Revenue
- $597.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Bath, SD
- Founding
- 11/1983
- Data as of
- 06/2021
- EIN
- 46-0342843
Organization Overview
South Dakota Ffa Foundation Inc is located in Bath, SD. The organization was established in 1983. 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. South Dakota Ffa Foundation 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, South Dakota Ffa Foundation Inc generated $597.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $387.0k during the year ending 06/2021. While expenses have increased by 5.2% 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 DEVELOP AGRICULTURE LEADERSHIP, CITIZENSHIP, AND COOPERATION THROUGH LOCAL HIGH SCHOOL CHAPTERS THROUGOUT THE THE STATE OF SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AN AVENUE OF FUNDING WHICH WILL STIMULATE, PROMOTE AND SUPPORT THE BEST INTERESTS OF FFA STUDENTS; TO CREATE AN AWARENESS OF AGRICULTURE CAREERS, AGRI-BUSINESS OPPORTUNITIES AND THE NEEDS OF A GROWING AND DIVERSIFIED INDUSTRY.
TO PROVIDE AN AVENUE OF FUNDING WHICH WILL STIMULATE, PROMOTE AND SUPPORT THE BEST INTERESTS OF FFA STUDENTS; TO CREATE AN AWARENESS OF AGRICULTURE CAREERS, AGRI-BUSINESS OPPORTUNITIES AND THE NEEDS OF A GROWING AND DIVERSIFIED INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shad Christman Sponsor Cmte | OfficerTrustee | $0 | |
Adam Franken Trustee Cmte | OfficerTrustee | $0 | |
Dani Herring Secretary | OfficerTrustee | $0 | |
Matilyn Kerr Vice Preside | OfficerTrustee | $0 | |
Jason Long Treasurer | OfficerTrustee | $0 | |
Sandy Osterday President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,880 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $448,256 |
| Total Program Service Revenue | $17,520 |
| Investment income | $13,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $113,943 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,022 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,478 |
| Grants and other assistance to domestic individuals. | $146,443 |
| 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 | $61,543 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,773 |
| Advertising and promotion | $1,775 |
| Office expenses | $22,267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $516 |
| Total functional expenses | $387,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,146 |
| Savings and temporary cash investments | $25,118 |
| 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 | $0 |
| Investments—publicly traded securities | $845,205 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,190,469 |
| 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 | $815,912 |
| Net assets with donor restrictions | $374,557 |
| 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 | $1,190,469 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that South Dakota Ffa Foundation Inc has recieved totaling $32,881.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $11,625 |
South Dakota Community Foundation Pierre, SD PURPOSE: Youth activities | $7,750 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,389 |
Columbia Pipeline Group Charitable Foundation Houston, TX PURPOSE: CHAPTER SERVICE PROJECT GRANTS | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Endowment Analysis
| Beg. Balance | $702,547 |
| Earnings | $127,865 |
| Admin Expense | $7,531 |
| Net Contributions | $25,040 |
| Grants | $4,432 |
| Ending Balance | $875,465 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Future Farmers Of America Foundation Lincoln, NE | $3,382,051 | $1,786,063 |
Teton County 4-H Council Jackson, WY | $5,120,856 | $1,212,506 |
Iowa Ffa Foundation Ankeny, IA | $12,403,855 | $1,572,741 |
Nebraska 4-H Foundation Lincoln, NE | $2,843,433 | $1,171,806 |
Future Farmers Of America Ankeny, IA | $634,939 | $1,032,160 |
Nebraska Vocational Agricultural Foundation Aurora, NE | $2,021,514 | $645,964 |
Future Farmers Of America Lincoln, NE | $663,967 | $672,372 |
North Dakota Ffa Foundaton Incorporated Bismarck, ND | $2,357,984 | $584,038 |
Future Farmers Of America And Its State Associations & Local Chapter St Paul, MN | $234,990 | $568,184 |
University Of Wyoming Cheyenne, WY | $30,954 | $423,976 |
4-H Clubs & Affiliated 4-H Organizations Fargo, ND | $4,432,232 | $751,100 |
South Dakota Ffa Foundation Inc Bath, SD | $1,190,469 | $597,022 |