Overview
What is West Virginia Future Farmers Of America Foundation Inc?
West Virginia Future Farmers of America Foundation Inc is a charitable organization situated in Charleston, West Virginia. Their primary focus is to support the WV Agricultural Education and Future Farmers of America program by providing various scholarships and awards to students at the secondary and undergraduate levels. This foundation awards scholarships worth $500 each to four deserving students annually, contributing to their academic pursuits. By offering these scholarships, the foundation aims to foster the growth and success of future agricultural leaders in West Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
The West Virginia Future Farmers Of America Foundation Inc has received a moderate rating, indicating some strengths in governance and financial management. The organization boasts a fully independent board and an excellent program expense ratio of 99.72%, suggesting that a significant portion of its funds is directed towards programs rather than administrative costs. However, the charity has received low scores in several key areas, such as the absence of policies for conflict of interest, whistleblower protection, and document retention, which are critical for ensuring transparency and accountability.
Despite the positive aspects of its governance structure, the lack of essential policies and missing key information on its website may raise concerns among potential donors regarding its operational transparency. The absence of these policies could indicate potential risks in governance practices. While the organization does well in managing its financials and directing resources towards its mission, it would benefit from implementing and publicly sharing comprehensive governance policies to enhance its credibility and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia Future Farmers Of America Foundation Inc legitimate?
West Virginia Future Farmers Of America Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia Future Farmers Of America 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.
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What is the mission statement of West Virginia Future Farmers Of America Foundation Inc?
The West Virginia Future Farmers of America Foundation Inc's mission is centered around supporting the WV Agricultural Education and Future Farmers of America program. They accomplish this by offering various scholarships and awards to students enrolled at the secondary and undergraduate levels. This commitment is demonstrated through financial aid programs such as the Academic Scholarships for WV FFA Youth Group members, where four students each receive a $500 scholarship. The foundation's goal is to bolster the educational journey of future farmers, thereby contributing to the overall growth and success of the agricultural sector.
Who is the CEO of West Virginia Future Farmers Of America Foundation Inc?
Donald L Michael is the Chairman of West Virginia Future Farmers Of America Foundation Inc.
What is the revenue of West Virginia Future Farmers Of America Foundation Inc?
West Virginia Future Farmers Of America Foundation Inc's revenue in 2022 was $20,223.
Who are the executives of West Virginia Future Farmers Of America Foundation Inc and what are their salaries?
There 18 volunteers at West Virginia Future Farmers Of America Foundation Inc.
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Where can I find the form 990 for West Virginia Future Farmers Of America Foundation Inc?
West Virginia Future Farmers Of America Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Virginia Future Farmers Of America Foundation Inc
West Virginia Future Farmers of America Foundation Inc is committed to supporting the WV Agricultural Education and Future Farmers of America program. This nonprofit organization offers various scholarships and awards programs aimed at benefiting enrollees at both the secondary and undergraduate levels. By providing financial assistance through these programs, the foundation seeks to encourage and empower the next generation of farmers and agricultural leaders in West Virginia. The foundation's mission is to foster the growth and development of young individuals who are passionate about agriculture and are enrolled in the Future Farmers of America youth group. This is achieved by offering scholarships and awards, which serve as recognition and incentives for academic excellence and dedication to the agricultural field. The foundation's initiatives aim to support the future leaders of West Virginia's agricultural sector, ensuring a sustainable and thriving agricultural community for years to come.
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Impact
August, 2024
West Virginia Future Farmers Of America Foundation Inc's impact is significant in supporting West Virginia Agricultural Education and Future Farmers of America program through its various scholarships and awards programs. By providing financial assistance to students at the secondary and undergraduate levels, the foundation helps empower the next generation of agricultural leaders in the state. The scholarships and awards offered contribute to the academic and personal development of these students, fostering their growth and success in the agricultural field. The foundation's commitment to youth development in agriculture is evident through its support of the WV FFA Youth Group program, making a positive difference in the lives of aspiring agricultural professionals.
This information is meant to be a general summary of West Virginia Future Farmers Of America 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: $2,637
- Gross Receipts: $20,223
Assets and Liabilities:
- Total Assets: $832,014
- Total Liabilities: $0
- Net Assets: $832,014
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Organization Details
Founding Year
1991
Phone
(304) 558-2347Principal Officer
Donald L Michael
Main Address
CAPITOL COMPLEXBLDG 6, CHARLESTON, WV, 25305
NTEE Category
Code: O52 - Youth development
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