Overview
What is Illinois Foundation Futuure Farmers Of America?
The Illinois Foundation Future Farmers of America is a nonprofit organization situated in Springfield, Illinois, specifically at 3221 Northfield Drive. Its primary objective is to support and encourage high school vocational agricultural students by recognizing their achievements through awards and plaques. The organization also covers the expenses of student officers for various events, such as conducting training schools, chapter visits, and State office leadership meetings. With a mission to stimulate and promote the best interests of agricultural education students, the Illinois Foundation Future Farmers of America receives, maintains, and invests funds to support education activities on a local, sectional, or State level. The organization's work serves over 22,000 members.
Official website here: www.ilaged.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Illinois Foundation Future Farmers of America received a Three-Star rating due to its strong focus on accountability and finance, scoring 84% in this category. The rating reflects a well-structured organization with a fully independent board comprising twelve members. Additionally, the foundation demonstrates financial integrity, with a zero percent liabilities to assets ratio and a high program expense ratio of nearly 79%, indicating efficient use of funds towards its mission.
However, there are notable areas for improvement. The organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could enhance governance practices. Furthermore, the tax form is not readily posted on the nonprofit's website, which could hinder transparency efforts.
Overall, while the Illinois Foundation Future Farmers of America exhibits a commendable commitment to financial accountability, addressing the gaps in governance policies would strengthen its operational framework and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Foundation Futuure Farmers Of America legitimate?
Illinois Foundation Futuure Farmers Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Foundation Futuure Farmers Of America submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.ilaged.org
What is the mission statement of Illinois Foundation Futuure Farmers Of America?
The Illinois Foundation Future Farmers of America's mission is to collect and manage funds, with the aim of promoting the interests of students and former students in agricultural education. The foundation receives donations, invests the funds, and uses the income to support activities that stimulate and enhance the educational experiences of these students. The Board of Trustees makes decisions on how to allocate the funds, with the goal of benefiting students on a local, sectional, or state level.
Official website here: www.ilaged.org
Who is the CEO of Illinois Foundation Futuure Farmers Of America?
Melinda Bunselmeyer is the Chair of Illinois Foundation Futuure Farmers Of America.
Official website here: www.ilaged.org
What is the revenue of Illinois Foundation Futuure Farmers Of America?
Illinois Foundation Futuure Farmers Of America's revenue in 2022 was $1,442,983.
Official website here: www.ilaged.org
Who are the executives of Illinois Foundation Futuure Farmers Of America and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.ilaged.org
Where can I find the form 990 for Illinois Foundation Futuure Farmers Of America?
Illinois Foundation Futuure Farmers Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ilaged.org
Learn more at the official website: www.ilaged.org
Mission Statement of Illinois Foundation Futuure Farmers Of America
The Illinois Foundation Future Farmers of America's mission is centered around receiving and managing funds, both real and personal, without any limitation in amount or value. Their primary objective is to utilize these funds to stimulate and enhance the interests of students and former students in agricultural education, at a local, sectional, or state level. They achieve this by investing and reinvesting the principal, and then dealing with and distributing the income in a manner that best serves these students' interests. The Board of Trustees plays a crucial role in this process, making judgments on how to allocate these resources effectively to promote the best interests of agricultural education students and alumni.
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Impact
July, 2024
The impact of the Illinois Foundation Future Farmers of America is significant in promoting the best interests of students and former students of agricultural education. Through awards, plaques, and financial support for student officers, the foundation provides recognition and resources for over 22,000 members. By offering opportunities for leadership development and training, the foundation contributes to the youth development of students involved in vocational agriculture.
This information is meant to be a general summary of Illinois Foundation Futuure Farmers Of America. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,939
- Program Service Revenue: $10,738
- Gross Receipts: $1,442,983
Assets and Liabilities:
- Total Assets: $2,531,476
- Total Liabilities: $0
- Net Assets: $2,531,476
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous
Revenue
$10,499
Planned giving
Revenue
$239
Organization Details
Founding Year
1929
Phone
(217) 753-3328Principal Officer
Melinda Bunselmeyer
Main Address
3221 Northfield Drive, Springfield, IL, 62702
Website
www.ilaged.orgNTEE Category
Code: O52Z - Youth development
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