Overview
What is Minnesota Ffa Foundation Inc?
Minnesota Ffa Foundation Inc is a nonprofit organization, located in PLAINVIEW, Minnesota (55964). Their primary mission is to provide financial aid and support to the Future Farmers of America (FFA) programs and students in Minnesota. They offer scholarships to university students majoring in agricultural education, students attending the Washington Leadership conference, and students studying international agriculture. In 2021, 40 students received scholarships, and annually, funds are allocated to provide new FFA members with official jackets. Over 500 students received jackets in 2022. The organization has a modest team of two dedicated individuals.
Official website here: www.mnffafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Minnesota FFA Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is solely based on the organization’s accountability and finance score of 92%, showcasing its commitment to effective governance and transparency. Key strengths include a fully independent board, robust financial oversight, and the absence of asset diversion.
User feedback highlights the Foundation's effective matching of funds to agriculture and youth development projects, which resonates well with donors. A board member noted that the organization provides diverse options for contributions and ensures donors understand the impact of their investments. This reflects positively on the Foundation's engagement with its supporters.
However, there is a noted absence of a whistleblower policy, which could be an area for improvement in its governance practices. Despite this limitation, the overall financial ratios, including a strong program expense ratio of 85%, indicate that a significant majority of funds are directed towards programs, underscoring its mission-driven focus.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Minnesota Ffa Foundation Inc legitimate?
Minnesota Ffa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Ffa Foundation Inc 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: $166,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mnffafoundation.org
What is the mission statement of Minnesota Ffa Foundation Inc?
The Minnesota FFA Foundation Inc's mission is centered around providing financial aid. Specifically, it aims to support Future Farmers of America (FFA) programs and students in Minnesota. This is achieved through various means, such as offering scholarships to university students majoring in agricultural education, supporting participants in the Washington Leadership conference, and providing financial assistance for international agriculture studies. Furthermore, the foundation distributes funds annually to provide new FFA members with official FFA jackets. In 2022, 540 students received these jackets.
Official website here: www.mnffafoundation.org
Who is the CEO of Minnesota Ffa Foundation Inc?
Staci Martin is the Treasurer of Minnesota Ffa Foundation Inc.
Official website here: www.mnffafoundation.org
What is the revenue of Minnesota Ffa Foundation Inc?
Minnesota Ffa Foundation Inc's revenue in 2022 was $559,649.
Official website here: www.mnffafoundation.org
Who are the executives of Minnesota Ffa Foundation Inc and what are their salaries?
The average compensation at Minnesota Ffa Foundation Inc during 2022 was $83,010. There are 2 employees and 50 volunteers at Minnesota Ffa Foundation Inc.
Here are 24 key members and their salaries:
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Official website here: www.mnffafoundation.org
Where can I find the form 990 for Minnesota Ffa Foundation Inc?
Minnesota Ffa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnffafoundation.org
Learn more at the official website: www.mnffafoundation.org
Mission Statement of Minnesota Ffa Foundation Inc
Minnesota FFA Foundation Inc plays a significant role in supporting the Future Farmers of America (FFA) programs and students within Minnesota. Their mission, in essence, is to offer financial assistance to these educational initiatives and young individuals pursuing agricultural studies. They provide scholarships to university students majoring in agricultural education, allowing them to further their projects or education. The foundation also supports students participating in the Washington Leadership conference and those studying international agriculture. In 2021, 40 students benefited from these scholarships. Furthermore, Minnesota FFA Foundation Inc contributes annually to provide new FFA members with official FFA jackets, with 540 students receiving them in 2022. This nonprofit organization's contributions significantly enhance the FFA experience for numerous students, fostering their development in the agricultural field.
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Impact
July, 2024
Minnesota FFA Foundation Inc's impact is significant in providing financial support to Future Farmers of America (FFA) programs and students in Minnesota. Through scholarships, the foundation empowers students to advance their agricultural education and projects. In 2021, the foundation awarded varying amounts of scholarship funds to university students majoring in agricultural education, supported students attending the Washington Leadership conference, and assisted those studying international agriculture. A total of 40 students benefited from these scholarships. Additionally, thousands of dollars are provided annually to supply new FFA members with official FFA jackets. In 2022, 540 students received jackets through this program, further enhancing the opportunities available to FFA students in Minnesota.
This information is meant to be a general summary of Minnesota Ffa Foundation Inc. 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: -$172,801
- Gross Receipts: $592,295
Assets and Liabilities:
- Total Assets: $3,710,013
- Total Liabilities: $0
- Net Assets: $3,710,013
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Organization Details
Founding Year
1953
Phone
(507) 534-0188Principal Officer
Staci Martin
Main Address
PO BOX 365, PLAINVIEW, MN, 55964
Website
www.mnffafoundation.orgNTEE Category
Code: B99Z - Education
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