National Ffa Foundation Inc
- Assets
- $46.8m
- Revenue
- $27.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Indianapolis, IN
- Founding
- 01/1945
- Data as of
- 12/2022
- EIN
- 54-6044662
Organization Overview
National Ffa Foundation Inc 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 12/2023, National Ffa Foundation Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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 12/2022, National Ffa Foundation Inc generated $27.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $15.4m during the year ending 12/2022. 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 FOUNDATION WAS ORGANIZED FOR THE PURPOSE OF FURTHERING EDUCATION AND DEVELOPMENT OF FFA MEMBERS WITH EMPHASIS IN ALL SEGMENTS OF THE INDUSTRY OF AGRICULTURE IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAREER DEVELOPMENT PROGRAMS HELP FFA MEMBERS LEARN AND GROW IN PROMISING CAREERS IN AGRICULTURE AND RELATED AREAS, FROM BIOTECHNOLOGY TO AGRICULTURAL BUSINESS AND MARKETING TO TEACHING. THESE PROGRAMS INCLUDE THOSE THAT AWARD FFA MEMBERS FOR BEING THE BEST AT THEIR AG SPECIALTY SUCH AS CAREER DEVELOPMENT EVENTS AND DIFFERENT PROFICIENCY AWARDS. FFA MEMBERS CAN PARTICIPATE AND WIN AT THE CHAPTER, STATE AND NATIONAL LEVELS. THE NATIONAL AWARD WINNERS ARE DETERMINED DURING THE NATIONAL CONVENTION AND ARE PRESENTED AT SPECIAL CEREMONIES. ALMOST ALL FFA MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN ONE MORE OF THESE AWARD PROGRAMS AND MORE THAN 2,100 WERE PART OF THE NATIONAL AWARDS. THE FOUNDATION'S COLLEGIATE SCHOLARSHIP PROGRAM AWARDED A LITTLE OVER $2.5 MILLION TO MORE THAN 1,100 FFA MEMBERS IN 2023. NATIONAL FFA FOUNDATION MAKES GRANTS TO THE NATIONAL FFA ORGANIZATION AND OTHER AGRICULTURAL EDUCATION RELATED ORGANIZATIONS FOR THE OPERATION OF THEIR AGRICULTURAL EDUCATION RELATED PROGRAMS.
PERSONAL GROWTH PROGRAMS ALLOW FFA MEMBERS TO PARTICIPATE IN ACTIVITES THAT HELP THEM GROW. THEY WORK WITH YOUNGER STUDENTS AND HELP THEM LEARN MORE ABOUT AGRICULTURE AND HOW IT HELPS FEED THE WORLD AND ALL THE OTHER CONTRIBUTIONS AGRICULTURE MAKES IN THEIR EVERYDAY LIVES. FFA MEMBERS ALSO PARTICIPATE IN MAKING THEIR COMMUNITIES BETTER PLACES TO LIVE.
PROFESSIONAL DEVELOPMENT/OTHER PROGRAMS INCLUDE THE DEVELOPMENT OF AGRICULTURAL RELATED CURRICULUMS TO HELP FFA ADVISORS SUCCESSFULLY TEACH FFA MEMBERS. OTHER PROGRAMS INCLUDE MAINTAINING THE HALL OF ACHIEVEMENT WHICH SHOWS THE PROGRESS OF FFA MEMBERS OVER THE YEARS AND OTHER PROGRAMS THAT HELP FFA ADVISORS TO BE THEIR BEST IN ORDER TO HELP FFA MEMBERS BE THEIR BEST.
LEADERSHIP DEVELOPMENT PROGRAMS ALLOW FFA MEMBERS TO DEVELOP THEIR LEADERSHIP SKILLS BY BEING ABLE TO PARTICIPATE IN VARIOUS CONFERENCES AND ACTIVITIES INCLUDING THE STATE OFFICER SUMMIT, THE NATIONAL LEADERSHIP CONFERENCE FOR STATE OFFICERS AND VARIOUS LEADERSHIP WORKSHOPS AND ACTIVITIES HELD AT THE NATIONAL CONVENTION. MORE THAN 800 FFA MEMBERS PARTICIPATED IN AND BENEFITED FROM THE FIRST TWO CONFERENCES. MORE THAN 70,000 FFA MEMBERS ATTENDED THE NATIONAL CONVENTION IN 2023 AND HAD THE OPPORTUNITY TO PARTICIPATE IN THE LEADERSHIP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed National Ffa President | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee's Chair | OfficerTrustee | 1 | $0 |
Name Not Listed National Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee's Chair Elect | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oxford Financial Group Ltd Professional Investment Services | 12/30/23 | $108,777 |
Stratuslive Llc Software Services | 12/30/23 | $102,060 |
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 | $26,309,340 |
| Noncash contributions included in lines 1a–1f | $88,872 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,309,340 |
| Total Program Service Revenue | $404,229 |
| Investment income | $1,019,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,668,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,531,947 |
| Grants and other assistance to domestic individuals. | $5,409,907 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $421,738 |
| Compensation of current officers, directors, key employees. | $126,521 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,757,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $814,428 |
| Payroll taxes | $148,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $72,916 |
| Fees for services: Other | $114,008 |
| Advertising and promotion | $21,926 |
| Office expenses | $51,923 |
| Information technology | $373,286 |
| Royalties | $0 |
| Occupancy | $142,233 |
| Travel | $189,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,505 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $15,431,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,444,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,577,751 |
| 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 | $140,896 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $26,664,592 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,827,896 |
| Accounts payable and accrued expenses | $996,433 |
| 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 | $4,803,845 |
| Total liabilities | $5,800,278 |
| Net assets without donor restrictions | $9,165,354 |
| Net assets with donor restrictions | $31,862,264 |
| 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 | $46,827,896 |