Overview
What is Future Farmers Of America - Mn Minnesota?
Future Farmers of America - MN Minnesota is a nonprofit organization overseen by the Minnesota Department of Education's State Department of Agricultural Education. Their primary objective is to foster agricultural education for youth in secondary and post-secondary programs. Through their mission, they actively promote and supervise various agricultural activities within the FFA youth community, aiming to enrich their knowledge and skills in this field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
Future Farmers Of America - Mn Minnesota has received a Two-Star rating with an overall score of 65%, indicating that there are significant areas for improvement within the organization. While the nonprofit has excelled in certain aspects, such as having an independent board that meets the required size and composition, it has notable deficiencies in its accountability and finance practices. Specifically, the organization has not provided its financial statements, which greatly impacts its transparency.
Despite the lack of financial documentation, Future Farmers Of America - Mn Minnesota shows a commendable commitment to its programs, as evidenced by a high program expense ratio of 76.13%. This suggests that a substantial portion of its resources is directed toward fulfilling its mission. However, the absence of key governance policies, such as a conflict of interest policy and whistleblower policy, raises concerns about its operational integrity and accountability.
Overall, while the organization demonstrates strengths in its board structure and program focus, the missing financial information and governance policies could hinder its effectiveness and public trust. Addressing these deficiencies may lead to improved ratings and greater community support in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Future Farmers Of America - Mn Minnesota legitimate?
Future Farmers Of America - Mn Minnesota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Future Farmers Of America - Mn Minnesota 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:
Executive Compensation: $183,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,001
For more financial information, click here
What is the mission statement of Future Farmers Of America - Mn Minnesota?
The Future Farmers of America in Minnesota, overseen by the state department of education, is committed to promoting agricultural education. Their mission is to supervise agricultural activities for youth in both secondary and post-secondary programs. The primary objective is to advance agricultural education, aiming to prepare the next generation for careers in agriculture. By doing so, they are contributing to the overall growth and development of agricultural knowledge and skills among young individuals.
What is the revenue of Future Farmers Of America - Mn Minnesota?
Future Farmers Of America - Mn Minnesota's revenue in 2023 was $1,148,855.
Who are the executives of Future Farmers Of America - Mn Minnesota and what are their salaries?
The average compensation at Future Farmers Of America - Mn Minnesota during 2023 was $42,628. There are 6 employees and 450 volunteers at Future Farmers Of America - Mn Minnesota.
Here are 17 key members and their salaries:
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- Compensation: $22,500
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Where can I find the form 990 for Future Farmers Of America - Mn Minnesota?
Future Farmers Of America - Mn Minnesota's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Future Farmers Of America - Mn Minnesota
Future Farmers of America - MN, overseen by the Minnesota Department of Education's State Department of Agricultural Education, serves as the governing body for agricultural education activities for FFA youth in both secondary and post-secondary programs. The organization's mission is centered around promoting agricultural education, aiming to foster a deep understanding and appreciation for this crucial sector among young individuals. By doing so, Future Farmers of America - MN plays a significant role in shaping the future leaders and innovators in the agricultural field.
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Impact
July, 2024
Future Farmers of America - MN Minnesota, through its agricultural education programs, plays a vital role in promoting agricultural education among youth in secondary and post-secondary programs. By supervising and facilitating FFA activities, this organization equips young individuals with essential skills and knowledge related to agriculture. The impact of Future Farmers of America - MN Minnesota extends far beyond the classroom, fostering youth development and a deeper understanding of agriculture.
This information is meant to be a general summary of Future Farmers Of America - Mn Minnesota. 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 2023.
- Investment Income: $1,806
- Program Service Revenue: $89,888
- Gross Receipts: $1,148,855
Assets and Liabilities:
- Total Assets: $396,204
- Total Liabilities: $0
- Net Assets: $396,204
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Indirect Public Support
Revenue
$89,888
Organization Details
Founding Year
1953
Principal Officer
Lavyne Rada
NTEE Category
Code: O52Z - Youth development
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