Civic Intelligence

Future Farmers of America State Associations & Local Chapter

990 • Fiscal year 2018 • EIN 31-6050849

Sep 01, 2017 to Aug 31, 2018 • Filed on Jan 30, 2019

Refreshing map…

717-a East 17th AveColumbus, OH 43211

(614) 299-1332

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

22nd percentile

0.01x

Higher debt load relative to revenue than 22% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

67th percentile

11%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$61,125

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

69th percentile

8.0%

Faster asset growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

25th percentile

-6.9%

Faster revenue growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,441,621

Up $106,403 (+8.0%) from 2017

Net Assets

Up

$1,435,473

Up $108,153 (+8.1%) from 2017

Liabilities

Down

$6,148

Down $1,750 (-22%) from 2017

Revenue

Down

$677,691

Down $50,483 (-6.9%) from 2017

Expenses

Down

$606,073

Down $93,498 (-13%) from 2017

Net Income

Up

$71,618

Up $43,015 (+150%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2013: $1,154,066Liabilities 2013: $32,785Net Assets 2013: $1,121,2812013Assets 2014: $1,297,469Liabilities 2014: $18,615Net Assets 2014: $1,278,8542014Assets 2015: $1,231,295Liabilities 2015: $22,434Net Assets 2015: $1,208,8612015Assets 2016: $1,259,579Liabilities 2016: $10,628Net Assets 2016: $1,248,9512016Assets 2017: $1,335,218Liabilities 2017: $7,898Net Assets 2017: $1,327,3202017Assets 2018: $1,441,621Liabilities 2018: $6,148Net Assets 2018: $1,435,4732018Assets 2019: $1,487,440Liabilities 2019: $18,703Net Assets 2019: $1,468,7372019Assets 2020: $1,653,232Liabilities 2020: $89,487Net Assets 2020: $1,563,7452020Assets 2021: $1,791,151Liabilities 2021: $18,710Net Assets 2021: $1,772,4412021Assets 2023: $1,801,583Liabilities 2023: $18,261Net Assets 2023: $1,783,3222023

Highlighted filing

2018

Assets$1,441,621
Liabilities$6,148
Net Assets$1,435,473

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2013: $443,5522013Revenue 2014: $573,890Expenses 2014: $508,782Net Income 2014: $65,1082014Revenue 2015: $615,761Expenses 2015: $629,846Net Income 2015: -$14,0852015Revenue 2016: $732,767Expenses 2016: $697,003Net Income 2016: $35,7642016Revenue 2017: $728,174Expenses 2017: $699,571Net Income 2017: $28,6032017Revenue 2018: $677,691Expenses 2018: $606,073Net Income 2018: $71,6182018Revenue 2019: $676,548Expenses 2019: $679,487Net Income 2019: -$2,9392019Revenue 2020: $619,621Expenses 2020: $585,108Net Income 2020: $34,5132020Revenue 2021: $654,212Expenses 2021: $609,759Net Income 2021: $44,4532021Revenue 2023: $710,109Expenses 2023: $632,290Net Income 2023: $77,8192023

Highlighted filing

2018

Revenue$677,691
Expenses$606,073
Net Income$71,618
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jan 30, 2019
Return Version
2017v2.3
Gross Receipts
$677,691
Mission and Program Overview

Mission

The mission of the ohio ffa foundation is to generate support of ohio ffa member programs and services through partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,177,478$1,277,585▲ $100,107
Cash and Non-Interest-Bearing Accounts$121,083$123,831▲ $2,748
Inventories for Sale or Use$13,205$20,527▲ $7,322
Accounts Receivable$22,936$19,472▼ $3,464
Land, Buildings, and Equipment, Net$516$206▼ $310
Total Assets$1,335,218$1,441,621▲ $106,403
Liabilities
Accounts Payable and Accrued Expenses$7,898$6,148▼ $1,750
Total Liabilities$7,898$6,148▼ $1,750
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,213,225$1,372,471▲ $159,246
Unrestricted Net Assets$78,916$63,002▼ $15,914
Temporarily Rstr Net Assets$35,179--
Total Net Assets Fund Balance$1,327,320$1,435,473▲ $108,153
Total Liabilities and Net Assets / Fund Balance$1,335,218$1,441,621▲ $106,403

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$206$4,099$4,305

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$1,213,225$45,650▲ $75,859$4,238$1,317,070
2016$1,191,419$42,000▲ $80,851$89,326$1,213,225
2015$1,160,049$49,027▲ $43,067$49,027$1,191,419
2014$1,179,129$50,666▼ $9,096$50,666$1,160,049
2013$1,055,663$37,144▲ $133,676$37,145$1,179,129
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jessica ParrishExec. DirectFT$61,125$61,125

Board Members and Trustees

NameTitle
Marlene EickBoard Chair
Christopher HenneyPast Chair
Kristi Kress WilhelmyVice Chair
Alyssa BregelBoard Member
Brad MoffittBoard Member
Dave WhiteBoard Member
Monte AndersonBoard Member
Robin CurleyBoard Member
Rudi Pitzer PerryBoard Member
Ryan MatthewsBoard Member
Stefanie JolliffBoard Member
Matthew WinkleExecutive Se
Tracy KitchelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$557,616
Program Service Revenue
$80,751
Investment Income
$39,324
Other Revenue
$0
All Other Contributions
$557,616
Change in Net Assets
$71,618

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,691
Total Revenue per Audited Statements
$677,691
Total Revenue per Form 990
$677,691
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$517,863
Salaries, Compensation, and Employee Benefits$88,210
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$191,705--$191,705
Other Salaries and Wages$63,981$16,170-$80,151
Conferences and Meetings$64,938--$64,938
Advertising$29,451--$29,451
All Other Expenses$19,290$4,823-$24,113
Other Expenses$23,346$13,426-$13,426
Payroll Taxes$5,187$1,297-$6,484
Insurance$4,800$1,200-$6,000
Travel$4,077$1,019-$5,096
Fees for Services Accounting-$4,035-$4,035
Other Employee Benefits$1,260$315-$1,575
Depreciation Depletion-$310-$310
Fees for Services Legal-$150-$150
Total Functional Expenses$563,328$42,745$0$606,073

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$606,073
Total Expenses per Audited Statements$606,073
Total Expenses per Form 990$606,073
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board will review the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

Ohio ffa foundation requires all board members to complete a statement confirming that they have read and understand the conflict of interest policy of the foundation, and that they are in compliance with the policy. Periodic reviews are completed to ensure compliance, and the policy allows for an external sources to complete the review.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Ohio Ffa Foundation Inc
EIN
31-6050849
Phone
6142991332
Address
717-A EAST 17TH AVE, COLUMBUS, OH 43211

Signing Officer

Name
Matthew Winkle
Title
Executive Sec
Phone
6142991332
Signed
2019-01-30

Organization Details

Principal Officer
Jessica Parrish
Formed
1957
Legal Domicile
Oh
Voting Board Members
12
Independent Board Members
14
Employees
5

Preparer

Firm
Oles and Associates LLC
Address
1328 DUBLIN RD STE 400, COLUMBUS, OH 43215
Preparer
Joel F Oles
Phone
6144870774
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Information distribution - the foundation generates a quarterly newsletter, an annual report, frequent advisor updates, as well as numerous general fund and informational letters to the current and past donors.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Net assets with donor restrictions represent memorials and endowments that have been contributed to the organization. The memorials and endowments are subject to the restrictions of gift instruments requiring that the principal be held in perpetuity and that the investment income be used for the support of the foundation. The memorials and endowments are managed by the columbus foundation, and currently are invested in 80% equity and 20% fixed income assets. The executive director of the ohio ffa foundation, inc. Is authorized to withdraw up to 5% of the investment account balance per year for use in general program operation and donor designated support areas, not to exceed the corpus amount of the memorials and endowments.

Schedule D, Page 3, Part X

The foundation has received a determination letter indicating that it is exempt from federal and state income tax as an organization described in section 501(c)(3) of the internal revenue code and corresponding state of ohio statutes. The foundation monitors its activities and considers the potential for income taxes if any activities are not related to its exempt purpose. Currently, the foundation does not engage in activities that are considered unrelated to its exempt purpose. Participation in such unrelated activities would subject the foundation to federal and state income taxes. The amounts reported in the financial statements may change at a later date based upon internal revenue service examinations, if any, of the foundation's returns for the years 2015 through 2017, inclusive.

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IRS990/OtherExpensesGrp/Desc2FFA FASHION PLACE
IRS990/OtherExpensesGrp/Desc3INVESTMENT FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013426
IRS990/OtherExpensesGrp/ProgramServicesAmt0117877
IRS990/OtherExpensesGrp/ProgramServicesAmt137416
IRS990/OtherExpensesGrp/ProgramServicesAmt223346
IRS990/OtherExpensesGrp/TotalAmt0117877
IRS990/OtherExpensesGrp/TotalAmt137416
IRS990/OtherExpensesGrp/TotalAmt223346
IRS990/OtherExpensesGrp/TotalAmt313426
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016170
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt063981
IRS990/OtherSalariesAndWagesGrp/TotalAmt080151
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0191705
IRS990/PaymentsToAffiliatesGrp/TotalAmt0191705
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01297
IRS990/PayrollTaxesGrp/ProgramServicesAmt05187
IRS990/PayrollTaxesGrp/TotalAmt06484
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01213225
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt01372471
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JESSICA PARRISH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0FFA GENERAL FUND PROJECTS
IRS990/ProgramServiceRevenueGrp/Desc1FRUIT SALES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050120
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt130631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050120
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt130631
IRS990/ProgSrvcAccomActy2Grp/Desc0CAREER DEVELOPMENT EVENTS - THE OHIO FFA FOUNDATION SUPPORTS THE OHIO FFA ASSOCIATION IN FUNDING CAREER DEVELOPMENT EVENTS WHICH ENABLE MEMBERS TO ACHIEVE REAL WORLD JOB EXPERIENCE IN THE AGRICULTURE INDUSTRY AND RECEIVE RECOGNITION FOR THEIR EFFORTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0STUDENT ACTIVITIES - THE OHIO FFA FOUNDATION PROVIDES SUPPORTIVE FUNDING FOR OHIO FFA CAMPS, LEADERSHIP TRAINING, STATE FFA CONVENTION AND SCHOLARSHIPS AVAILABLE TO THE STUDENTS OF FFA PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0127849
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INFORMATION DISTRIBUTION - THE FOUNDATION GENERATES A QUARTERLY NEWSLETTER, AN ANNUAL REPORT, FREQUENT ADVISOR UPDATES, AS WELL AS NUMEROUS GENERAL FUND AND INFORMATIONAL LETTERS TO THE CURRENT AND PAST DONORS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0120326
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt080751
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0519667
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031085
IRS990/PYOtherExpensesAmt0598276
IRS990/PYProgramServiceRevenueAmt0177422
IRS990/PYRevenuesLessExpensesAmt028603
IRS990/PYSalariesCompEmpBnftPaidAmt0101295
IRS990/PYTotalExpensesAmt0699571
IRS990/PYTotalRevenueAmt0728174
IRS990/ReconcilationRevenueExpnssAmt071618
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TOY TRACTOR PROGRAM 23,485
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0557616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0519667
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0441305
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0510214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0484737
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02513539
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt039324
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt031085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt038741
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046811
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041211
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0197172
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt080751
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt023485
IRS990ScheduleA/OtherIncome170Grp/TotalAmt023485
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.91930
IRS990ScheduleA/PublicSupportPY170Pct00.90810
IRS990ScheduleA/PublicSupportTotal170Amt02513539
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0557616
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0519667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0441305
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0510214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0484737
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02513539
IRS990ScheduleA/TotalSupportAmt02734196
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt013426
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01213225
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt045650
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01317070
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt075859
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt04238
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt011721
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01191419
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt042000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01213225
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt080851
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt089326
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt011697
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt01160049
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt049027
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01191419
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt043067
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt049027
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09983
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01179129
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt050666
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01160049
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-9096
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt050666
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt010209
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01055663
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt037144
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01179129
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0133676
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt037145
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0206
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04099
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04305
IRS990ScheduleD/ExpensesSubtotalAmt0606073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueSubtotalAmt0677691
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NET ASSETS WITH DONOR RESTRICTIONS REPRESENT MEMORIALS AND ENDOWMENTS THAT HAVE BEEN CONTRIBUTED TO THE ORGANIZATION. THE MEMORIALS AND ENDOWMENTS ARE SUBJECT TO THE RESTRICTIONS OF GIFT INSTRUMENTS REQUIRING THAT THE PRINCIPAL BE HELD IN PERPETUITY AND THAT THE INVESTMENT INCOME BE USED FOR THE SUPPORT OF THE FOUNDATION. THE MEMORIALS AND ENDOWMENTS ARE MANAGED BY THE COLUMBUS FOUNDATION, AND CURRENTLY ARE INVESTED IN 80% EQUITY AND 20% FIXED INCOME ASSETS. THE EXECUTIVE DIRECTOR OF THE OHIO FFA FOUNDATION, INC. IS AUTHORIZED TO WITHDRAW UP TO 5% OF THE INVESTMENT ACCOUNT BALANCE PER YEAR FOR USE IN GENERAL PROGRAM OPERATION AND DONOR DESIGNATED SUPPORT AREAS, NOT TO EXCEED THE CORPUS AMOUNT OF THE MEMORIALS AND ENDOWMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS RECEIVED A DETERMINATION LETTER INDICATING THAT IT IS EXEMPT FROM FEDERAL AND STATE INCOME TAX AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CORRESPONDING STATE OF OHIO STATUTES. THE FOUNDATION MONITORS ITS ACTIVITIES AND CONSIDERS THE POTENTIAL FOR INCOME TAXES IF ANY ACTIVITIES ARE NOT RELATED TO ITS EXEMPT PURPOSE. CURRENTLY, THE FOUNDATION DOES NOT ENGAGE IN ACTIVITIES THAT ARE CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. PARTICIPATION IN SUCH UNRELATED ACTIVITIES WOULD SUBJECT THE FOUNDATION TO FEDERAL AND STATE INCOME TAXES. THE AMOUNTS REPORTED IN THE FINANCIAL STATEMENTS MAY CHANGE AT A LATER DATE BASED UPON INTERNAL REVENUE SERVICE EXAMINATIONS, IF ANY, OF THE FOUNDATION'S RETURNS FOR THE YEARS 2015 THROUGH 2017, INCLUSIVE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0206
IRS990ScheduleD/TotalExpensesPerForm990Amt0606073
IRS990ScheduleD/TotalRevenuePerForm990Amt0677691
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0677691
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0606073
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INFORMATION DISTRIBUTION - THE FOUNDATION GENERATES A QUARTERLY NEWSLETTER, AN ANNUAL REPORT, FREQUENT ADVISOR UPDATES, AS WELL AS NUMEROUS GENERAL FUND AND INFORMATIONAL LETTERS TO THE CURRENT AND PAST DONORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OHIO FFA FOUNDATION REQUIRES ALL BOARD MEMBERS TO COMPLETE A STATEMENT CONFIRMING THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY OF THE FOUNDATION, AND THAT THEY ARE IN COMPLIANCE WITH THE POLICY. PERIODIC REVIEWS ARE COMPLETED TO ENSURE COMPLIANCE, AND THE POLICY ALLOWS FOR AN EXTERNAL SOURCES TO COMPLETE THE REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OHIO FFA ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1OHIO FFA CAMPS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0316080602
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1316035993
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AG-ED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AG-ED
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt025 S FRONT ST MS603
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13266 DYEWOOD RD SW

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