Future Farmers Of America
- Assets
- $847.4k
- Revenue
- $665.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Blacksburg, VA
- Founding
- 01/1945
- Data as of
- 06/2022
- EIN
- 51-0250911
Organization Overview
Future Farmers Of America, operating under the name Virginia Ffa Association, is located in Blacksburg, VA. The organization was established in 1945. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Virginia Ffa Association 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, Virginia Ffa Association generated $665.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $402.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. 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
SINCE CREATION IN 1925, THE VIRGINIA FFA ASSOCIATION HAS MADE A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CONVENTION SOME VIRTUAL FOR THIS FISCAL YR - VIRGINIA FFA MEMBERS TYPICALLY TRAVEL TO NATIONAL FFA CONVENTION TO COMPETE IN CAREER DEVELOPMENT EVENTS, RECEIVE AMERICAN FFA DEGREES, PARTICIPATE IN NATIONAL LEADERSHIP DEVELOPMENT SEMINARS, TAKE PART IN THE NATIONAL FFA DAY OF SERVICE, AND BROWSE THE NATIONAL FFA CAREER SHOW. PARTICIPATION IN THIS CONVENTION ALLOWS STUDENTS TO SEE THE SITES, MAKE NEW FRIENDS AND PARTICIPATE IN EVENTS WITH STUDENTS FROM ALL ACROSS THE COUNTRY. AFTER SETTING THE COURSE FOR THE COMING YEAR WITH OFFICIAL DELEGATE SESSIONS, ACTIVE DEBATE AND THE ELECTION OF NEW STUDENT OFFICERS, FFA MEMBERS RETURN TO THEIR CHAPTERS WITH NEW EXPERIENCES TO SHARE WITH THEIR COMMUNITIES. OUR STUDENTS ARE LEARNING VALUABLE SCIENCE AND TECHNICAL SKILLS, EXPLORING CAREER AND LEADERSHIP OPPORTUNITIES AND DEVELOPING THE SKILLS TO BECOME PRODUCTIVE MEMBERS OF SOCIETY. THIS YEAR THE VIRGINIA FFA ASSOCIATION HELD ITS STATE FFA CONVENTION AT VIRGINIA TECH, BLACKSBURG, VA. THE CONVENTION HOSTS OVER 2000 MEMBERS, ADVISORS, AND GUESTS FROM ALL AROUND THE STATE.
FAIRS, CONTESTS, AND CONFERENCES - TYPICALLY VIRGINIA FFA MEMBERS TRAVEL TO BIG E SOME VIRTUAL FOR THIS FISCAL YR, THE LARGEST FAIR IN THE NORTHEAST TO COMPETE IN CAREER LEADERSHIP DEVELOPMENT EVENTS. PARTICIPATION IN THIS EVENT HAS ALLOWED OUR STUDENTS TO SEE THE SITES, MAKE NEW FRIENDS, AND PARTICIPATE IN EVENTS WITH STUDENTS FROM ALL ACROSS THE EAST COAST.
LOCAL CHAPTER SUPPORT AND LEADERSHIP DEVELOPMENT - THE STUDENT STATE OFFICERS TRAVEL AROUND THE STATE TO VISIT LOCAL CHAPTER MEETINGS. THIS PROVIDES THE STUDENTS AND OFFICERS WITH CAREER INSIGHT, PERSONAL DEVELOPMENT AND LEADERSHIP OPPORTUNITIES. THIS PROGRAM IS FUNDED FROM MEMBERSHIP DUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Alexander Chair | OfficerTrustee | 10 | $0 |
Andy Seibel Ex-Officio, Va Ffa Exec Sec | OfficerTrustee | 40 | $0 |
Laveta Nutter Va Dept Of Ed | Trustee | 2 | $0 |
Alan Webb Appalachian Area Rep | Trustee | 2 | $0 |
Marc Moran Central Area Rep | Trustee | 2 | $0 |
Cindy Vance Blue Ridge Area Rep | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $99,414 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,214 |
| Total Program Service Revenue | $551,389 |
| Investment income | $5,730 |
| 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 | $665,333 |
| 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 | $2,924 |
| 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 | $4,220 |
| 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 | $1,820 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,823 |
| 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 | $269,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,667 |
| Total functional expenses | $402,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,595 |
| Savings and temporary cash investments | $372,725 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $377,080 |
| Total assets | $847,400 |
| 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 | $767 |
| Total liabilities | $767 |
| Net assets without donor restrictions | $0 |
| 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 | $846,633 |
| Total liabilities and net assets/fund balances | $847,400 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Future Farmers Of America has recieved totaling $8,800.
| Awarding Organization | Amount |
|---|---|
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN PURPOSE: 2021 PROF GRANT | $8,800 |
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