Future Farmers Of America State Associations & Local Chapter
- Assets
- $2.7m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Austin, TX
- Founding
- 01/1945
- Data as of
- 08/2023
- EIN
- 74-6104609
Organization Overview
Future Farmers Of America State Associations & Local Chapter is located in Austin, TX. 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 08/2023, Future Farmers Of America State Associations & Local Chapter employed 9 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Future Farmers Of America State Associations & Local Chapter 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 08/2023, Future Farmers Of America State Associations & Local Chapter generated $4.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $4.2m during the year ending 08/2023. While expenses have increased by 5.7% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
TXFFA MAKES A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH, AND CAREER SUCCESS THROUGH AGRICULTURAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS, MEMBERSHIP, AND SCHOLARSHIPS - TEXAS FFA WORKS WITH VARIOUS HIGHER EDUCATION AND INDUSTRY PARTNERS TO PROVIDE COMPETITIVE ASSESSMENTS, AWARDS, DEGREES OF MEMBERSHIP AND SCHOLARSHIPS WHICH SUPPORT THE AGRICULTURE, FOOD AND NATURAL RESOURCES INSTRUCTIONAL PROGRAM, PROVIDE INCENTIVES FOR STUDENT ACHIEVEMENT AND SUPPORT MEMBERS' POST-SECONDARY EDUCATION GOALS. THE FFA ALSO PROVIDES EXPERIENTIAL LEADERSHIP EXPERIENCES THROUGH OPPORTUNITIES FOR MEMBERS TO SERVE AS ELECTED MEMBERS OF THE BOARD OF STUDENT OFFICERS AND DELEGATES TO THE NATIONAL FFA CONVENTION.
CONFERENCES AND WORKSHOPS - TEXAS FFA HOSTS VARIOUS STUDENT CONFERENCES AND WORKSHOPS DESIGNED TO SUPPORT LOCAL CHAPTERS IN THEIR EFFORTS TO FACILITATE A HANDS-ON LEADERSHIP EXPERIENCES THROUGH THE DEVELOPMENT AND EXECUTION OF PROGRAMS OF ACTIVITIES WHICH ARE ANNUAL STRATEGIC ACTION PLANS TO ENGAGE MEMBERS AND ALLOCATE RESOURCES. THESE WORKSHOPS ARE ALSO INTENDED TO FOSTER PERSONAL DEVELOPMENT AND PREPARE STUDENTS FOR FUTURE LEADERSHIP AND CITIZENSHIP ROLES AND FUNCTIONS.
STATE CONVENTION - THE TEXAS FFA IS PROUD TO HOST THE LARGEST YOUTH LED CONVENTION IN TEXAS AND RANKS IN THE TOP FIVE OF LARGEST CONVENTIONS IN TEXAS. THE TEXAS STATE CONVENTION TRAVELS EACH SUMMER TO A HOST CITY WHERE OUR MEMBERS HAVE THE CHANCE TO MEET WITH THEIR PEERS FROM ACROSS TEXAS, BE RECOGNIZED FOR OUTSTANDING PERFORMANCE, PARTICIPATE IN CONDUCTION OF THE ASSOCIATION'S BUSINESS, ELECTING NEW OFFICERS, AND THE CHANCE TO LEARN MORE ABOUT THE HOST CITY AND REGION OF TEXAS.
SWINE VALIDATION - IN PARTNERSHIP WITH THE TEXAS AGRILIFE EXTENSION SERVICE, TEXAS FFA OPERATES A LIVESTOCK PROJECT OWNERSHIP AND POSSESSION VERIFICATION PROGRAM TO SUPPORT REQUIREMENTS COMMON TO ALL LIVESTOCK SHOWS. TEXAS FFA OPERATES THE SWINE PORTION OF THE OVERALL STATE PROGRAM, WHICH IS REFERRED TO AS VALIDATION. TEXAS FFA RECEIVES FROM PARTICIPATING COUNTIES IDENTIFYING INFORMATION ON EACH ANIMAL, INCLUDING DNA SAMPLES AND WORKS WITH SHOWS TO ADDRESS DISCREPANCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,597,172 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,818,853 |
| Total Program Service Revenue | $2,451,617 |
| Investment income | $69,584 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,741 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,389,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $44,500 |
| Grants and other assistance to domestic individuals. | $52,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $114,309 |
| Compensation of current officers, directors, key employees. | $37,722 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $402,523 |
| Pension plan accruals and contributions | $27,546 |
| Other employee benefits | $34,084 |
| Payroll taxes | $37,405 |
| Fees for services: Management | $2,100 |
| Fees for services: Legal | $27,573 |
| Fees for services: Accounting | $19,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,474 |
| Fees for services: Other | $600 |
| Advertising and promotion | $25,664 |
| Office expenses | $27,204 |
| Information technology | $57,948 |
| Royalties | $0 |
| Occupancy | $53,386 |
| Travel | $117,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $187,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,690 |
| Insurance | $6,550 |
| All other expenses | $15,705 |
| Total functional expenses | $4,164,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,245 |
| Savings and temporary cash investments | $625,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $424,101 |
| 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 | $65,095 |
| Net Land, buildings, and equipment | $39,249 |
| Investments—publicly traded securities | $1,564,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,720,638 |
| Accounts payable and accrued expenses | $409,763 |
| Grants payable | $0 |
| Deferred revenue | $63,855 |
| 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 | $473,618 |
| Net assets without donor restrictions | $2,247,020 |
| 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 | $2,720,638 |