Overview
What is Oklahoma Future Farmers Of America Foundation Incorporated?
Oklahoma Future Farmers of America Foundation Incorporated, doing business as Oklahoma FFA Foundation Inc., is a nonprofit organization situated in Stillwater, Oklahoma. The primary purpose of this organization, with a single employee, is to support the Oklahoma FFA members by offering leadership development opportunities and providing them with updated information on innovative techniques within the agriculture sector. Through events such as the State Convention, Ag Teacher Academy, Agriscience Fair, and conferences, they empower student members to excel in their field. Recognizing outstanding achievement, they grant awards and scholarships to high-performing members.
Official website here: www.okffa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Oklahoma Future Farmers of America Foundation has achieved an 81% rating, indicating a solid level of accountability and financial health. This score is derived entirely from its accountability and finance performance, highlighting the organization’s commitment to transparent financial practices. The foundation has demonstrated strong governance through a comprehensive audit and oversight process, ensuring that it maintains a thorough and accountable financial operation.
Key strengths include a high program expense ratio of 79.06%, reflecting that a significant portion of its resources is allocated directly to its programs. The foundation has also received full points in various governance categories, such as having a conflict of interest policy and a whistleblower policy, which contributes to building trust among donors and stakeholders. The organization effectively manages its assets with a liability-to-assets ratio of 0.00%, showcasing its financial stability.
However, while the foundation shows strong accountability and finance practices, continued monitoring of its performance metrics will be essential to maintain its standing. The three-star rating suggests that while there are strengths, there may be areas for improvement to reach a higher rating in the future. Overall, the foundation appears to be a well-managed organization focused on fostering agricultural education and leadership among youth.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma Future Farmers Of America Foundation Incorporated legitimate?
Oklahoma Future Farmers Of America Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma Future Farmers Of America Foundation Incorporated 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: $85,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.okffa.org
What is the mission statement of Oklahoma Future Farmers Of America Foundation Incorporated?
The Oklahoma Future Farmers of America Foundation Incorporated's mission is primarily focused on empowering student members through leadership development and providing them with valuable information about advancements in the agricultural field. The organization offers various opportunities and training sessions to help these members excel. Furthermore, it recognizes and rewards members for their outstanding achievements with scholarships and awards.
Official website here: www.okffa.org
What is the revenue of Oklahoma Future Farmers Of America Foundation Incorporated?
Oklahoma Future Farmers Of America Foundation Incorporated's revenue in 2023 was $1,710,186.
Official website here: www.okffa.org
Who are the executives of Oklahoma Future Farmers Of America Foundation Incorporated and what are their salaries?
The average compensation at Oklahoma Future Farmers Of America Foundation Incorporated during 2023 was $85,571. There is 1 employee and 30 volunteers at Oklahoma Future Farmers Of America Foundation Incorporated.
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Official website here: www.okffa.org
Where can I find the form 990 for Oklahoma Future Farmers Of America Foundation Incorporated?
Oklahoma Future Farmers Of America Foundation Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.okffa.org
Learn more at the official website: www.okffa.org
Mission Statement of Oklahoma Future Farmers Of America Foundation Incorporated
Oklahoma Future Farmers of America Foundation Incorporated is committed to fostering the growth and success of its student members in the agricultural sector. The organization achieves this mission by offering leadership development training and sharing insights into emerging techniques and opportunities within the field. Furthermore, it recognizes and rewards high-achieving members with scholarships and awards. By providing these resources, Oklahoma Future Farmers of America Foundation Incorporated empowers its members to excel in their agricultural pursuits, preparing them for future leadership roles.
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Impact
July, 2024
Oklahoma Future Farmers of America Foundation Incorporated has a significant impact on Oklahoma FFA student members by providing them with valuable leadership development training and information on new techniques and opportunities in the field of agriculture. Through activities such as the State Convention, Ag Teacher Academy, and Agriscience Fair, the foundation equips students with the skills and knowledge needed to excel in the agricultural industry. Additionally, the foundation recognizes and rewards high-achieving members with awards and scholarships, further motivating and supporting their growth and success. Oklahoma FFA Foundation Incorporated plays a crucial role in nurturing the next generation of agricultural leaders in the state.
This information is meant to be a general summary of Oklahoma Future Farmers Of America Foundation Incorporated. 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: $22,953
- Program Service Revenue: $1,095,607
- Gross Receipts: $1,710,186
Assets and Liabilities:
- Total Assets: $10,374,894
- Total Liabilities: $0
- Net Assets: $10,374,894
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Convention, Conferences, Contests
Revenue
$643,540
Scholarships
Revenue
$278,852
Blue Jacket Program and Grants
Revenue
$85,185
Other Programs
Revenue
$88,030
Organization Details
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