Idaho Ffa Foundation Inc
- Assets
- $917.3k
- Revenue
- $494.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Star, ID
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 82-0360159
Organization Overview
Idaho Ffa Foundation Inc is located in Star, ID. The organization was established in 1987. 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 06/2022, Idaho Ffa Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idaho 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 06/2022, Idaho Ffa Foundation Inc generated $494.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $495.7k during the year ending 06/2022. While expenses have increased by 12.5% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PREMIER LEADERSHIP, PERSONAL GROWTH AND CAREER SUCCESS OF IDAHO FFA MEMBERS AND AGRICULTURAL EDUCATION STUDENTS BY PROVIDING STRATEGIC FINANCIAL RESOURCES FOR THE IDAHO FFA ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IDAHO FFA PROGRAM SUPPORT
COLLEGE SCHOLARSHIPS AWARDED TO IDAHO FFA MEMBERS
STATE FFA OFFICER TEAM SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Jedry Executive Director | Officer | 40 | $72,294 |
Judy Woody Vice-Chairman | OfficerTrustee | 0.5 | $0 |
Kevin Barker Director | OfficerTrustee | 0.5 | $0 |
Stephen Parrott Director | OfficerTrustee | 0.5 | $0 |
Carla-Leigh Evens Director | OfficerTrustee | 0.5 | $0 |
Chuck Radloff Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $355,931 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,570 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $568,501 |
| Total Program Service Revenue | $0 |
| Investment income | $9,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$83,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $494,143 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $168,152 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,177 |
| Compensation of current officers, directors, key employees. | $37,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,691 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,161 |
| Fees for services: Other | $6,791 |
| Advertising and promotion | $4,113 |
| Office expenses | $20,169 |
| Information technology | $5,688 |
| Royalties | $0 |
| Occupancy | $1,169 |
| Travel | $8,742 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,864 |
| All other expenses | $1,548 |
| Total functional expenses | $495,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $294,773 |
| Savings and temporary cash investments | $15,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,502 |
| 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 | $21,145 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $568,096 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $917,319 |
| Accounts payable and accrued expenses | $118,580 |
| 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 | $118,580 |
| Net assets without donor restrictions | $571,850 |
| Net assets with donor restrictions | $226,889 |
| 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 | $917,319 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Idaho Ffa Foundation Inc has recieved totaling $53,680.
| Awarding Organization | Amount |
|---|---|
J R Simplot Company Foundation Inc Boise, ID PURPOSE: EDUCATION | $20,000 |
Idaho Community Foundation Inc Boise, ID PURPOSE: SUPPORT GENERAL OPERATIONS FOR EDUCATION | $15,463 |
J A Wedum Foundation Plymouth, MN PURPOSE: SCHOLARSHIPS | $10,000 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN PURPOSE: 2021 PROF GRANT | $6,300 |
Idaho Power Foundation Inc Boise, ID PURPOSE: 90TH ANNUAL STATE CONVENTION | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $367 |
Endowment Analysis
| Beg. Balance | $465,233 |
| Earnings | -$75,381 |
| Admin Expense | $3,161 |
| Ending Balance | $386,691 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Deschutes County 4-H And Ffa Livestock Auction Association Redmond, OR | $109,552 | $1,703,648 |
Teton County 4-H Council Jackson, WY | $5,120,856 | $1,212,506 |
Future Farmers Of America State Associations & Local Chapter Corvallis, OR | $417,761 | $1,309,548 |
Linn County Youth Livestock Auction Tangent, OR | $114,112 | $1,198,708 |
Crook County 4h And Ffa Livestock Sale Association Incorporated Powell Butte, OR | $121,684 | $1,114,707 |
Marion County Junior Livestock Auction Silverton, OR | $113,021 | $892,598 |
Oregon 4-H Foundation Corvallis, OR | $23,421,920 | $2,307,476 |
Future Farmers Of America State Associations & Local Chapter Puyallup, WA | $917,169 | $805,359 |
Clackamas County Junior Livestock A Uction Inc Canby, OR | $49,777 | $726,909 |
Lake County 4-H & Ffa Market Sale Committee Lakeview, OR | $50,662 | $607,255 |
Seattle Childrens Playgarden Seattle, WA | $928,059 | $641,834 |
Latah County 4h And Ffa Market Animal Sale Inc Moscow, ID | $10,122 | $465,515 |