Civic Intelligence

Future Farmers of America State Associations & Local Chapter

990 • Fiscal year 2022 • EIN 31-6050849

Sep 01, 2021 to Aug 31, 2022 • Filed on Feb 21, 2023

Organization ProfileWWW.OHIOFFA.ORG/FOUNDATION

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

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

8.5%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$76,657

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 12.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

33rd percentile

-3.8%

Faster asset growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

35th percentile

-3.1%

Faster revenue growth than 35% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,723,401

Down $67,750 (-3.8%) from 2021

Net Assets

Down

$1,655,607

Down $116,834 (-6.6%) from 2021

Liabilities

Up

$67,794

Up $49,084 (+262%) from 2021

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin53rd percentile

Revenue

Down

$633,941

Down $20,271 (-3.1%) from 2021

Expenses

Down

$579,992

Down $29,767 (-4.9%) from 2021

Net Income

Up

$53,949

Up $9,496 (+21%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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 2022: $1,723,401Liabilities 2022: $67,794Net Assets 2022: $1,655,6072022Assets 2023: $1,801,583Liabilities 2023: $18,261Net Assets 2023: $1,783,3222023

Highlighted filing

2022

Assets$1,723,401
Liabilities$67,794
Net Assets$1,655,607
Open 2022 Filing

Operations Trend

Revenue Growth35th percentile

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 2022: $633,941Expenses 2022: $579,992Net Income 2022: $53,9492022Revenue 2023: $710,109Expenses 2023: $632,290Net Income 2023: $77,8192023

Highlighted filing

2022

Revenue$633,941
Expenses$579,992
Net Income$53,949
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Feb 21, 2023
Return Version
2021v4.0
Gross Receipts
$679,778
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$1,642,590$1,505,293▼ $137,297
Accounts Receivable$24,828$164,616▲ $139,788
Cash and Non-Interest-Bearing Accounts$114,485$46,927▼ $67,558
Inventories for Sale or Use$9,248$6,565▼ $2,683
Total Assets$1,791,151$1,723,401▼ $67,750
Liabilities
Accounts Payable and Accrued Expenses$13,551$67,794▲ $54,243
Other Liabilities$5,159--
Total Liabilities$18,710$67,794▲ $49,084
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,691,577$1,530,925▼ $160,652
Net Assets Without Donor Restrictions$80,864$124,682▲ $43,818
Total Net Assets Fund Balance$1,772,441$1,655,607▼ $116,834
Total Liabilities and Net Assets / Fund Balance$1,791,151$1,723,401▼ $67,750

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$4,305$4,305

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$1,632,777$11,170▲ $50,109$7,650$1,505,293
2020$1,448,690$3,703▲ $204,461$8,027$1,632,777
2019$1,358,712$4,200▲ $107,124$6,800$1,448,690
2018$1,317,070$4,889▲ $80,747$30,600$1,358,712
2017$1,213,225$45,650▲ $75,859$4,238$1,317,070
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica ParrishExecutive DiFT$76,657$76,657

Board Members and Trustees

NameTitle
Kent FisherBoard Chair
Kristi WilhelmyPast Chair
Melinda WittenVice Chair
Aubrey SchwartzBoard Member
Elizabeth LongBoard Member
Javonne MullinsBoard Member
Rudy Pitzer PerryBoard Member
Timothy DericksonBoard Member
Tony StollerBoard Member
Alyssa BregelExecutive Se
Tracy KitchelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$534,076
Program Service Revenue
$42,306
Investment Income
$50,109
Other Revenue
$7,450
All Other Contributions
$534,076
Change in Net Assets
$53,949

Audited Revenue Reconciliation

Revenue per Audited Statements
$633,941
Revenue Not Reported on Form 990
$45,837
Total Revenue per Audited Statements
$679,778
Total Revenue per Form 990
$633,941
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$412,638
Salaries, Compensation, and Employee Benefits$167,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$159,903--$159,903
Current Officers, Directors, Trustees, and Key Employees$76,657--$76,657
Other Salaries and Wages$39,675$20,529-$60,204
Advertising$42,287--$42,287
Conferences and Meetings$35,797--$35,797
Fees for Service Investment Mgmnt Fees-$16,623-$16,623
Payroll Taxes$9,770$1,724-$11,494
Other Employee Benefits$9,554$1,686-$11,240
Pension Plan Contributions$6,595$1,164-$7,759
Office Expenses$5,670$1,001-$6,671
Fees for Services Accounting-$5,322-$5,322
Information Technology$2,382$2,382-$4,764
All Other Expenses$719$2,018-$2,737
Other Expenses$7,650$1,902-$1,902
Travel$1,227$217-$1,444
Fees for Services Legal-$172-$172
Total Functional Expenses$520,156$59,836$0$579,992

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$625,829
Expenses per Audited Statements$579,992
Total Expenses per Form 990$579,992
Expenses Not Reported on Form 990$45,837
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
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Alyssa Bregel
Title
Executive Secretary
Phone
6142991332
Signed
2023-02-21

Organization Details

Principal Officer
Alyssa Bregel
Formed
1957
Legal Domicile
Oh
Voting Board Members
10
Independent Board Members
12
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.”

Form 990, Part XI, Line 9

“Ffa fashion place revenue 45,837 ffa fashion place cogs -45,837”

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 50% equity and 50% 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 4, Part XI, Line 2D

“Ffa fashion place revenue 45,837”

Schedule D, Page 4, Part XII, Line 2D

“Ffa fashion place cogs 45,837”

Raw XML AppendixShowing 400 of 525 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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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.
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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 50% EQUITY AND 50% 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/ExplanationTxt1FFA FASHION PLACE REVENUE 45,837
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FFA FASHION PLACE COGS 45,837
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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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/ExplanationTxt4FFA FASHION PLACE REVENUE 45,837 FFA FASHION PLACE COGS -45,837
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,723,401
Liabilities
$67,794
Net assets
$1,655,607
Revenue
$633,941
Expenses
$579,992
Net income
$53,949
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.02$1.78$0.71$0.63$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.07$1.66$0.63$0.58$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.79$0.02$1.77$0.65$0.61$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.09$1.56$0.62$0.59$0.03
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.02$1.47$0.68$0.68$0.00
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.01$1.44$0.68$0.61$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.01$1.33$0.73$0.70$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.26$0.01$1.25$0.73$0.70$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.02$1.21$0.62$0.63$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.02$1.28$0.57$0.51$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.03$1.12$0.44