Overview
What is National Ffa Foundation Inc?
The National FFA Foundation Inc is a nonprofit organization based in Indianapolis, Indiana, dedicated to the education and development of FFA (Future Farmers of America) members in various sectors of agriculture. Through career development programs, FFA members have opportunities to excel in their agriculture specialties, from biotechnology to agricultural business. The foundation awards outstanding FFA members at the chapter, state, and national levels through programs such as Career Development Events and Proficiency Awards. In 2022, the Collegiate Scholarship Program granted over $2.4 million to more than 1,480 FFA members. The National FFA Foundation provides grants to the National FFA Organization and agricultural education-related organizations for the operation of their programs, fostering growth at the national, state, and local levels.
Official website here: www.ffa.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%
The National FFA Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its exceptional performance in Accountability and Finance. This perfect score is indicative of the organization’s commitment to transparency and responsible financial management, which is critical for donor trust and organizational integrity.
Strengths of the National FFA Foundation include a fully independent board comprising 13 members, alongside robust financial oversight mechanisms. The organization has no reported issues with material diversion of assets and demonstrates high efficiency in both fundraising and program expenses. With a working capital ratio of 1.81 years, it shows solid financial stability, ensuring it can sustain its operations and programs effectively.
While the foundation excels in financial practices and governance, potential limitations were not highlighted in the provided data. Overall, the National FFA Foundation's strong rating positions it as a reliable and well-managed nonprofit organization, dedicated to its mission of supporting agricultural education and leadership development among youth.
This AI summary has been generated from information found on Charity Navigator.
Is National Ffa Foundation Inc legitimate?
National Ffa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National 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: $421,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,757,115
For more financial information, click here
Official website here: www.ffa.org
What is the mission statement of National Ffa Foundation Inc?
The National Ffa Foundation Inc was established with the goal of enhancing the education and development of FFA members in various sectors of the agriculture industry across the United States. The organization's primary objective is to provide opportunities for FFA members to excel in their agricultural specialties through career development programs. These programs offer recognition and awards for excellence at the local, state, and national levels. In 2022, the Foundation granted over $2.4 million in scholarships to more than 1,480 FFA members. The Foundation also makes grants to the National FFA Organization and other agricultural education-related organizations to support the operation of their agricultural education programs.
Official website here: www.ffa.org
Who is the CEO of National Ffa Foundation Inc?
Dan Riley is the Chief Executive Officer of National Ffa Foundation Inc. The CEO's salary of National Ffa Foundation Inc is $124,495 and their total compensation is $300,027.
Official website here: www.ffa.org
What is the revenue of National Ffa Foundation Inc?
National Ffa Foundation Inc's revenue in 2022 was $27,668,614.
Official website here: www.ffa.org
Who are the executives of National Ffa Foundation Inc and what are their salaries?
The average compensation at National Ffa Foundation Inc during 2022 was $90,786. There are 24 employees and 60 volunteers at National Ffa Foundation Inc.
Here are 21 key members and their salaries (National Ffa Foundation Inc's CEO's salary is $124,495 and their total compensation is $300,027):
- Compensation: $124,495
- Related: $125,528
- Other: $50,004
- Compensation: $211,835
- Related: $0
- Other: $42,367
- Compensation: $51,105
- Related: $156,362
- Other: $41,493
- Compensation: $159,517
- Related: $0
- Other: $31,904
- Compensation: $106,841
- Related: $0
- Other: $21,368
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Official website here: www.ffa.org
Where can I find the form 990 for National Ffa Foundation Inc?
National Ffa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffa.org
Learn more at the official website: www.ffa.org
Mission Statement of National Ffa Foundation Inc
The National Ffa Foundation Inc, a renowned organization, was established to foster education and development of FFA members, with a strong focus on various sectors of the agriculture industry in America. By and large, its purpose extends to the national, state, and local levels.
Through career development programs, National Ffa Foundation Inc empowers FFA members to thrive in promising agriculture-related careers, ranging from biotechnology and agricultural business to marketing and teaching. These initiatives include award programs that recognize FFA members for excelling in their agriculture specialty, such as career development events and proficiency awards. FFA members have the opportunity to participate and compete at the chapter, state, and national levels, with national award winners being announced during special ceremonies. Over 3,700 FFA members took part in these award programs in 2022.
Moreover, the National Ffa Foundation Inc's Collegiate Scholarship Program awarded over $2.4 million to more than 1,480 FFA members in 2022. The foundation also grants funds to the National FFA Organization and other agricultural education-related organizations, supporting the operation of their agricultural education programs.
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Impact
October, 2024
National FFA Foundation Inc significantly impacts the agricultural sector by fostering education and development for Future Farmers of America (FFA) members across the United States. By focusing on various segments of the agriculture industry, the Foundation enhances career opportunities through targeted programs that empower youth to excel in their chosen fields.
Through career development programs, FFA members receive invaluable training and mentorship that prepares them for promising careers in areas like biotechnology, agricultural business, marketing, and education. These programs not only recognize excellence through career development events and proficiency awards but also provide FFA members with opportunities to shine at local, state, and national levels. In 2022 alone, over 3,700 FFA members participated in these award programs, highlighting the Foundation's role in encouraging youth to develop their skills and pursue excellence in agriculture.
The Foundation's collegiate scholarship program is another avenue through which it creates a direct impact, awarding more than $2.4 million to over 1,480 members in 2022. This financial support enables young individuals to further their education and pursue careers in agricultural disciplines, reinforcing a future workforce equipped with knowledge and experience.
In addition, the Foundation strategically allocates grants to the National FFA Organization and other agricultural education-related entities. This funding is instrumental in sustaining and expanding educational programs that benefit FFA members at national, state, and local levels, ensuring that the next generation of agricultural leaders is well-prepared for the challenges of the industry.
Overall, National FFA Foundation Inc plays a crucial role in shaping the future of agriculture in America by investing in the education, growth, and skills development of its youth.
This information is meant to be a general summary of National 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: $955,045
- Program Service Revenue: $404,229
- Gross Receipts: $29,241,782
Assets and Liabilities:
- Total Assets: $46,827,896
- Total Liabilities: $5,800,278
- Net Assets: $41,027,618
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM MATERIAL FEES
Revenue
$404,229
Organization Details
Founding Year
1944
Phone
(317) 802-6060Principal Officer
Dan Riley
Main Address
6060 FFA DRIVE, INDIANAPOLIS, IN, 46278
Website
www.ffa.orgNTEE Category
Code: O52Z - Youth development
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