Overview
What is Kentucky Future Farmers Of America Foundation Inc?
Kentucky Future Farmers of America Foundation Inc is a nonprofit organization based in Flemingsburg, Kentucky, with a postal address at PO Box 8. Their purpose is to positively impact the lives of students by fostering leadership potential, personal growth, and career success through agricultural education. They accomplish this through incentive awards and convention expenses for FFA student members. With a team of four dedicated individuals, they strive to contribute to the development of future leaders in the agricultural sector, providing opportunities for their members to flourish.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Kentucky Future Farmers Of America Foundation Inc has received a score of 71%, indicating a two-star rating. This score reflects a solid performance in specific areas of accountability and finance, particularly in board independence and asset management. The organization has demonstrated strong governance practices, with full marks for having an independent board and a good liabilities to assets ratio.
However, the foundation has significant weaknesses that have impacted its overall rating. Notably, it received zero points for several important financial transparency categories, including the posting of financial statements on its website and the absence of a whistleblower policy. These deficiencies indicate potential areas for improvement in transparency and public accountability.
Overall, while the foundation has strengths in governance, the lack of accessible financial documentation and policies suggests a need for enhanced transparency practices to build trust with donors and stakeholders. Addressing these limitations could lead to a more favorable evaluation in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Future Farmers Of America Foundation Inc legitimate?
Kentucky Future Farmers Of America Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Kentucky Future Farmers Of America Foundation Inc?
The Kentucky Future Farmers of America Foundation Inc's mission is centered around positively impacting the lives of students. This is achieved by fostering their leadership potential, promoting personal growth, and aiding in career success through agricultural education. The organization's activities primarily involve providing incentive awards and covering convention expenses for FFA student members, aiming to contribute to their overall development.
Who is the CEO of Kentucky Future Farmers Of America Foundation Inc?
Sheldon Mckinney is the Trustee of Kentucky Future Farmers Of America Foundation Inc.
What is the revenue of Kentucky Future Farmers Of America Foundation Inc?
Kentucky Future Farmers Of America Foundation Inc's revenue in 2022 was $1,581,838.
Who are the executives of Kentucky Future Farmers Of America Foundation Inc and what are their salaries?
There are 4 employees at Kentucky Future Farmers Of America Foundation Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Kentucky Future Farmers Of America Foundation Inc?
Kentucky Future Farmers Of America Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky Future Farmers Of America Foundation Inc
Kentucky Future Farmers of America Foundation Inc is committed to making a positive impact in the lives of students. Through their mission, they aim to foster premier leadership, personal growth, and career success in these students. They achieve this goal by focusing on agricultural education. The foundation believes that by investing in the development of young individuals in this field, they can equip them with the necessary skills and knowledge to lead successful lives. Their programs and activities primarily involve incentive awards and covering convention expenses for FFA student members, further emphasizing their commitment to supporting and empowering future farmers.
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Impact
July, 2024
Kentucky Future Farmers of America Foundation Inc has a significant impact on youth development by providing incentive awards and covering convention expenses for FFA student members. Through its program service activities, the foundation helps students develop their potential for premier leadership, personal growth, and career success through agricultural education. By supporting these students, the foundation is making a positive difference in their lives and empowering them to become future leaders in the agriculture industry.
This information is meant to be a general summary of Kentucky 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: $255,583
- Program Service Revenue: $202,074
- Gross Receipts: $3,157,457
Assets and Liabilities:
- Total Assets: $6,579,949
- Total Liabilities: $2,620
- Net Assets: $6,577,329
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AG TAG
Revenue
$202,074
Organization Details
Founding Year
1930
Phone
(606) 782-4620Principal Officer
Sheldon Mckinney
Main Address
PO BOX 8, FLEMINGSBURG, KY, 41041
NTEE Category
Code: O52 - Youth development
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