Colorado Future Farmers Of America Foundation
- Assets
- $9.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Greeley, CO
- Founding
- 04/1991
- Data as of
- 06/2023
- EIN
- 84-1155026
Organization Overview
Colorado Future Farmers Of America Foundation is located in Greeley, CO. The organization was established in 1991. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Future Farmers Of America Foundation 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, Colorado Future Farmers Of America Foundation generated $6.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 3.9% per year over the past 8 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
DEVELOP AGRICULTURAL LEADERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGRICULTURAL FOR ALL GRANT PROGRAM IS USED TO ASSIST STUDENTS (FFA MEMBERS) ENROLLED IN AGRICULTURAL EDUCATION COURSES IN COLORADO START OR ENHANCE AN ENTERPRISE WITHIN THEIR SUPERVISED AGRICULTURE EXPERIENCE PROGRAM (SAE)A WORK BASED LEARNING PROGRAM. THOSE RECEIVING A GRANT ARE PAIRED WITH THEIR DONOR OR A MENTOR TO PROVIDE ADVICE, OFFER AN OUTSIDE PERSPECTIVE, ASSIST WITH SAE/BUSINESS DEVELOPMENT, AND FOSTER THE DEVELOPMENT OF A BUSINESS RELATIONSHIP. GRANTS ARE TYPICALLY BETWEEN $1000-$2000 FOR INDIVIDUALS DEPENDING ON THE SIZE AND SCOPE OF THE SAE. SCHOOL BASED APPLICANTS ARE USUALLY HIGHER BASED ON THE NUMBER OF STUDENTS BEING SERVED THROUGH THE PROGRAM.
FFA PROVIDES AN AWARDS AND SCHOLORSHIPS PROGRAM TO RECOGNIZE FFA MEMBERS WHO DEMONSTRATE EXCEPTIONAL PROGRESS IN THEIR AGRICULTURAL ENTERPRISES AND STUDIES IN AREAS RANGING FROM AGRICULTURAL SALES TO WILDLIFE MANAGEMENT. CASH AND TRAVEL AWARDS AND SCHOLORSHIPS ARE GIVEN TO TOP WINNERS. APPROXIMATELY 250 STUDENTS PARTICIPATED IN THE AWARDS AND SCHOLORSHIP PROGRAM LAST YEAR.
CAREER DEVELOPMENT AWARDS - THE COLORADO FFA ASSOCIATION, IN ASSOCIATION WITH CSU, OFFERS 18 DIFFERENT COMPETITIVE EVENTS THAT CHALLENGE FFA MEMBERS TO USE THEIR SPECIFIC AGRICULTURAL KNOWLEDGE AS WELL AS A WIDE RANGE OF EXPERTISE FROM COMMUNICATION SKILLS TO ANALYTICAL AND CRITICAL THINKING SKILLS. THE EVENTS ARE DESIGNED TO HELP PREPARE STUDENTS FOR CAREES IN AGRICULTURE. FUNDING PROVIDES PLAQUES, MEDALS AND CASH AWARDS TO THE TOP THREE, AND ONE TRAVELSCHOLORSHIP TO THE WINNER THAT WILL REPRESENT COLORADO AT THE NATIONAL COMPETITION. APPROXIMATELY 1,275 STUDENTS PARTICPATE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catharine Soukup Exec Committee | OfficerTrustee | 0 | $0 |
Wes Sargent Trustee | Trustee | 0 | $0 |
Mary Gearhart Exec Committee | OfficerTrustee | 0 | $0 |
Mark Truax Trustee | Trustee | 0 | $0 |
Dale Mccall Exec Committee | OfficerTrustee | 0 | $0 |
Katie Hatch Cvata Rep | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $98,933 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,635,589 |
| Noncash contributions included in lines 1a–1f | $4,621,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,734,522 |
| Total Program Service Revenue | $0 |
| Investment income | $106,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,655 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $72,176 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,061,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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 | $229,558 |
| Pension plan accruals and contributions | $15,216 |
| Other employee benefits | $0 |
| Payroll taxes | $15,570 |
| Fees for services: Management | $74,659 |
| 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 | $3,457 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,197 |
| Travel | $19,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,702 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,679 |
| Insurance | $21,867 |
| All other expenses | $49,908 |
| Total functional expenses | $1,038,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $540,845 |
| Pledges and grants receivable | $248,800 |
| Accounts receivable, net | $11,120 |
| 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 | $5,096,953 |
| Investments—publicly traded securities | $3,518,872 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,816 |
| Total assets | $9,760,406 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,900 |
| 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 | $151,528 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $300,000 |
| Total liabilities | $462,428 |
| Net assets without donor restrictions | $5,700,449 |
| Net assets with donor restrictions | $3,597,529 |
| 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 | $9,760,406 |