Future Farmers Of America
- Assets
- $135.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 01/1945
- Data as of
- 06/2023
- EIN
- 63-0351560
Organization Overview
Future Farmers Of America is located in Montgomery, AL. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Farmers Of America 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 06/2023, Future Farmers Of America generated $105.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $214.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROGRAM SERVICE EXPENSES FACILATE THE EDUCATION PROCESS OF FUTURE FARMERS OF AMERICA MEMBERS THROUGHOUT THE STATE OF ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Collin Adcock Director | 1 | $0 | |
Jerad Dyess Executive Secretary (during Tax Yr) | 16 | $0 | |
Rebecca Balkcom Director | 1 | $0 | |
Andy Chamness Director | 1 | $0 | |
Doug Thiessen Director | 1 | $0 | |
Chris Clemons Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,688 |
| Total Program Service Revenue | $13,322 |
| Membership dues | $34,479 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,646 |
| Total Revenue | $105,135 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $7,015 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $7,491 |
| Other expenses | $200,092 |
| Total expenses | $214,598 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,902 |
| Other assets | $0 |
| Total assets | $135,902 |
| Total liabilities | $40,736 |
| Net assets or fund balances | $95,166 |