Future Farmers Of America State Associations & Local Chapter
- Assets
- $26.1m
- Revenue
- $17.7m
- Investments
- $0.0
- Employees
- 178
- Location
- Indianapolis, IN
- Founding
- 01/1945
- Data as of
- 12/2020
- EIN
- 54-0524844
Organization Overview
Future Farmers Of America State Associations & Local Chapter, operating under the name National FFA Organization, is located in Indianapolis, IN. 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. As of 12/2021, National FFA Organization employed 178 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National FFA Organization 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 12/2020, National FFA Organization generated $17.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $18.8m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, National FFA Organization has awarded 180 individual grants totaling $1,969,489. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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 AG EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FFA'S LOCAL, STATE, AND NATIONAL PROGRAMS AND ACTIVITIES HELP MEMBERS DEVELOP PUBLIC SPEAKING SKILLS, CONDUCT AND PARTICIPATE IN MEETINGS, MANAGE FINANCIAL MATTERS, STRENGTHEN PROBLEM-SOLVING ABILITIES, AND ASSUME CIVIC RESPONSIBILITY. DEGREES EARNED AT LOCAL, STATE, AND NATIONAL LEVELS RECOGNIZE MEMBERS' INCREASING ACCOMPLISHMENT.
THE NATIONAL FFA ORGANIZATION, GOVERNED BY A BOARD OF DIRECTORS, CHARTERS STATE ASSOCIATIONS; PROVIDES DIRECTION; PROGRAMMATIC MATERIALS AND SUPPORT; AND HOSTS THE NATIONAL FFA CONVENTION AND EXPO, WHICH DRAWS OVER 60,000 ATTENDEES EACH OCTOBER. THE WASHINGTON LEADERSHIP CONFERENCE USUALLY HAS OVER 2,300 TOTAL PARTICIPANTS (INCLUDING ADVISORS, STUDENTS, AND GUESTS) WAS CANCELLED IN 2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Poeschl End 714 Chief Exe. Officer | Officer | 20 | $245,412 |
Lee Anne Shiller Director, Mdse Services | 40 | $166,028 | |
David Schapker Chief Financial Officer | Officer | 30 | $158,205 |
Gwendolyn Weathersbe Director, Human Resources | 40 | $152,314 | |
Christine White Chief Program Officer | Officer | 40 | $149,141 |
Martin Peterson Director, Information Tech. | 40 | $145,158 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meredith Corporation Advert./publishing | 12/30/21 | $1,031,352 |
Omni Shoreham Corporation Venue Management | 12/30/21 | $729,104 |
Ologie Llc Branding & Marketing | 12/30/21 | $251,500 |
Cvent Inc Event Technology | 12/30/21 | $244,651 |
Bkg Holdings Llc Dba Bartha Audi Audio/visual Service | 12/30/21 | $1,153,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,736,571 |
| Investment income | $235,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $160,292 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,551,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,713,634 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $681,565 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $544,260 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,967,170 |
| Pension plan accruals and contributions | $369,877 |
| Other employee benefits | $864,374 |
| Payroll taxes | $453,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,189 |
| Fees for services: Accounting | $60,284 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,279 |
| Fees for services: Other | $2,787,727 |
| Advertising and promotion | $321,462 |
| Office expenses | $1,148,526 |
| Information technology | $412,131 |
| Royalties | $0 |
| Occupancy | $224,133 |
| Travel | $1,202,117 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,383,310 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $901,395 |
| Insurance | $69,464 |
| All other expenses | $0 |
| Total functional expenses | $18,836,416 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,668,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,663,404 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,486,327 |
| Prepaid expenses and deferred charges | $213,709 |
| Investments—publicly traded securities | $9,119,814 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,115,765 |
| Accounts payable and accrued expenses | $1,901,110 |
| Grants payable | $0 |
| Deferred revenue | $3,208,906 |
| 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 | $1,784,000 |
| Other liabilities | $0 |
| Total liabilities | $6,894,016 |
| 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 |
| Total liabilities and net assets/fund balances | $19,221,749 |
Grants Awarded
Over the last fiscal year, Future Farmers Of America State Associations & Local Chapter has awarded $400,427 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA FFA ASSOCIATION PURPOSE: 2021 PROF GRANT | $13,900 |
OHIO FFA ASSOCIATION PURPOSE: 2021 PROF GRANT | $13,500 |
KENTUCKY FFA ASSOCIATION PURPOSE: 2021 PROF GRANT | $13,400 |
Swainsboro, GA PURPOSE: 2021 PROF GRANT | $13,400 |
TENNESSEE FFA ASSOCIATION PURPOSE: 2021 PROF GRANT | $13,300 |
MISSOURI FFA ASSOCIATION PURPOSE: 2021 PROF GRANT | $13,300 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Future Farmers Of America State Associations & Local Chapter has recieved totaling $69,580.
| Awarding Organization | Amount |
|---|---|
Oregon Ffa Foundation Corvallis, OR PURPOSE: TO SUPPORT FFA PROJECTS AND PROGRAMS. | $61,080 |
Innovia Foundation Spokane, WA PURPOSE: FOR GENERAL OPERATING SUPPORT | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ffa Foundation Inc Indianapolis, IN | $38,626,743 | $19,100,254 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN | $26,115,765 | $17,713,634 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Elkhart County 4-H & Agricultural Exposition Inc Goshen, IN | $7,107,983 | $3,990,918 |
Porter County Agricultural Society Inc Valparaiso, IN | $2,525,622 | $2,666,115 |
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
The Indiana Ffa Foundation Inc Trafalgar, IN | $2,341,467 | $1,490,972 |
Kentucky Future Farmers Of America Foundation Inc Flemingsburg, KY | $6,579,949 | $1,581,838 |
Trustees Of Purdue University Lebanon, IN | $4,869,767 | $1,092,571 |
Indiana 4-H Foundation West Lafayette, IN | $5,073,273 | $1,066,480 |
Future Farmers Of America Jefferson City, MO | $1,360,081 | $872,920 |
Trustees Of Purdue University Danville, IN | $1,448,755 | $912,967 |