Future Farmers Of America And Its State Associations & Local Chapter
- Assets
- $18.2k
- Revenue
- $250.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 01/1945
- Data as of
- 12/2023
- EIN
- 61-6031922
Organization Overview
Future Farmers Of America And Its State Associations & Local Chapter, operating under the name Kentucky FFA Association, is located in Frankfort, KY. The organization was established in 1945. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Kentucky 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 12/2023, Kentucky FFA Association generated $250.5k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $253.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH LEADERSHIP DEVELOPMENT FOR STUDENTS ENROLLED IN AGRICULTURAL EDUCATION COURSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE FFA CONVENTION PROVIDES AN OPPORTUNITY FRO STUDENTS TO DEVELOP LEADERSHIP SKILLS. THE CONVENTION INCLUDES A NUMBER OF CAREER AND LEADERSHIP DEVELOPMENT EVENTS, GENERAL SESSIONS, DELEGATE BUSINESS SESSIONS, AWARDS, A CAREER EXPO, AND OTHER EVENTS INTENDED TO MOTIVATE AND RECOGNIZE MEMBERS.
KENTUCKY FFA ADDITIONALLY HOSTED COMPETITIVE EVENTS, LEADERSHIP CONFERENCES, AND PROVIDED EDUCATIONAL OPPORTUNITIES FOR MEMBERS.
THE AGRICULTURE INDUSTRY IS PROMOTED THROUGH KENTUCKY FFA'S INVOLVEMENT IN THE KENTUCKY STATE FAIR.
STATE OFFICER EXPENSES INCLUDE FUNDS SPENT TO TRAIN AND SUPPORT THE TWELVE STATE FFA OFFICERS. THE OFFICERS REPRESENT OVER 21,000 MEMBERS ACROSS KENTUCKY. THEY PROVIDE LEADERSHIP FOR THE STATE ORGANIZATION AND PROVIDE SUPPORT TO LOCAL CHAPTERS AND MEMBERS. EXPENSES INCLUDE MEALS, LODGING, TRANSPORTATION, ETC. FOR TRAININGS AS WELL AS MILEAGE AND OTHER EXPENSES INCURRED BY OFFICERS WHILE TRAVELING ACROSS THE STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Caroline Groth President | Officer | 12 | $0 |
Jackson Baird Vice President | Officer | 10 | $0 |
Emma Ballinger Secretary | Officer | 6 | $0 |
Amelia Tucker Treasurer | Officer | 6 | $0 |
Laken White Reporter | Officer | 6 | $0 |
Emylou Miller Sentinel | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $95,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,000 |
| Total Program Service Revenue | $155,499 |
| Investment income | $0 |
| 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 | $250,499 |
| 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 | $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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,448 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $22,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $129,639 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,491 |
| All other expenses | $11,172 |
| Total functional expenses | $253,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,227 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $18,227 |
| 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 | $18,227 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,227 |