Civic Intelligence

The Indiana Ffa Foundation Inc.

990 • Fiscal year 2020 • EIN 35-6056070

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 22, 2021

6595 S 125 W PO Box 9Trafalgar, IN 46181-0009

(317) 878-5464

Siviq Scores

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

Liabilities / Assets

60th percentile

0.18x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

65th percentile

0.26x

Higher debt load relative to revenue than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

57th percentile

9.1%

Higher net margin than 57% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

73rd percentile

$111,246

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

48th percentile

5.0%

Faster asset growth than 48% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

8.4%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,999,191

Up $95,927 (+5.0%) from 2019

Net Assets

Up

$1,637,411

Up $8,122 (+0.5%) from 2019

Liabilities

Up

$361,780

Up $87,805 (+32%) from 2019

Revenue

Up

$1,416,291

Up $109,570 (+8.4%) from 2019

Expenses

Up

$1,287,777

Up $96,150 (+8.1%) from 2019

Net Income

Up

$128,514

Up $13,420 (+12%) from 2019

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $2,115,457Liabilities 2011: $295,174Net Assets 2011: $1,820,2832011Assets 2016: $1,301,754Liabilities 2016: $369,879Net Assets 2016: $931,8752016Assets 2017: $1,709,580Liabilities 2017: $632,011Net Assets 2017: $1,077,5692017Assets 2019: $1,903,264Liabilities 2019: $273,975Net Assets 2019: $1,629,2892019Assets 2020: $1,999,191Liabilities 2020: $361,780Net Assets 2020: $1,637,4112020Assets 2021: $2,108,629Liabilities 2021: $136,602Net Assets 2021: $1,972,0272021Assets 2022: $2,341,467Liabilities 2022: $27,827Net Assets 2022: $2,313,6402022Assets 2023: $2,661,387Liabilities 2023: $73,172Net Assets 2023: $2,588,2152023Assets 2024: $2,928,531Liabilities 2024: $45,360Net Assets 2024: $2,883,1712024Assets 2025: $3,403,668Liabilities 2025: $38,059Net Assets 2025: $3,365,6092025

Highlighted filing

2020

Assets$1,999,191
Liabilities$361,780
Net Assets$1,637,411

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2011: $826,9212011Revenue 2016: $1,155,204Expenses 2016: $1,155,019Net Income 2016: $1852016Revenue 2017: $1,253,107Expenses 2017: $1,119,241Net Income 2017: $133,8662017Revenue 2019: $1,306,721Expenses 2019: $1,191,627Net Income 2019: $115,0942019Revenue 2020: $1,416,291Expenses 2020: $1,287,777Net Income 2020: $128,5142020Revenue 2021: $1,293,893Expenses 2021: $1,079,667Net Income 2021: $214,2262021Revenue 2022: $1,490,972Expenses 2022: $1,110,840Net Income 2022: $380,1322022Revenue 2023: $1,535,659Expenses 2023: $1,334,538Net Income 2023: $201,1212023Revenue 2024: $1,846,556Expenses 2024: $1,578,257Net Income 2024: $268,2992024Revenue 2025: $2,024,755Expenses 2025: $1,580,113Net Income 2025: $444,6422025

Highlighted filing

2020

Revenue$1,416,291
Expenses$1,287,777
Net Income$128,514
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 22, 2021
Return Version
2019v5.2
Gross Receipts
$1,458,970
Mission and Program Overview

Mission

The mission of the indiana ffa foundation is to support, fund, and promote the programs and objectives of the indiana ffa association and indiana ffa leadership center.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$736,917$856,192▲ $119,275
Land, Buildings, and Equipment, Net$811,772$839,386▲ $27,614
Savings and Temporary Cash Investments$194,844$169,144▼ $25,700
Accounts Receivable$92,059$64,777▼ $27,282
Inventories for Sale or Use$3,237$3,137▼ $100
Total Assets$1,903,264$1,999,191▲ $95,927
Other Assets Total$64,435$66,555▲ $2,120
Liabilities
Accounts Payable and Accrued Expenses$160,774$164,696▲ $3,922
Deferred Revenue$233,592$109,584▼ $124,008
Other Liabilities$0$87,500▲ $87,500
Total Liabilities$394,366$361,780▼ $32,586
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,314,054$1,442,567▲ $128,513
Net Assets With Donor Restrictions$194,844$194,844→ $0
Total Net Assets Fund Balance$1,508,898$1,637,411▲ $128,513
Total Liabilities and Net Assets / Fund Balance$1,903,264$1,999,191▲ $95,927

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$103,046$498,932$601,978
Land$58,805-$58,805
Equipment$108,923$297,856-
Leasehold Improvements$568,612$861,907-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa ChaudionDirectorFT$111,246$111,246
Joe MartinDirectorFT$64,342$64,342

Board Members and Trustees

NameTitle
Matt JohnPresident
Matthew LikensPresident
Jennifer MaruszewskiVice-president
Cain ThurmondDirector
Dave OlmsteadDirector
David AllenDirector
Greg CurlinDirector
Kim BarkmanDirector
Lynn FischerDirector
Randy KronDirector
Rob HaysDirector
Samantha MillerDirector
Sherry Fabina-abneyDirector
Tim HobertyDirector
Tracie EggerDirector
John NagleSecretary
Gary ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$937,349
Program Service Revenue
$125,320
Investment Income
$3,279
Other Revenue
$350,343
All Other Contributions
$937,349
Change in Net Assets
$128,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$823,699
Salaries, Compensation, and Employee Benefits$421,978
Grants and Similar Amounts Paid$42,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$207,734--$207,734
Other Salaries and Wages$62,998$143,040-$206,038
Current Officers, Directors, Trustees, and Key Employees-$175,588-$175,588
Insurance-$74,341-$74,341
Depreciation Depletion$69,069$3,635-$72,704
Occupancy$49,341--$49,341
Grants to Domestic Individuals$42,100--$42,100
Advertising$14,160$20,457-$34,617
Office Expenses$1,991$28,409-$30,400
Payroll Taxes$4,823$25,450-$30,273
Conferences and Meetings$28,146--$28,146
All Other Expenses$12,603$7,793-$20,396
Fees for Services Accounting-$15,226-$15,226
Other Expenses$14,210$95-$14,305
Pension Plan Contributions-$10,079-$10,079
Travel-$8,033-$8,033
Interest-$5-$5
Total Functional Expenses$773,820$513,957$0$1,287,777
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Protection Loan$87,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, Part VI, Section B, Line 11B

Form 990 is reviewed by the independent board of directors during a board meeting.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflict of interest policy is monitored annually and discussed at board of directors meetings.

Form 990, Part VI, Section B, Line 15A

The board of directors perform an annual review of the executive director to determine if she has met predetermined goals.

Form 990, Part VI, Section C, Line 19

All documents are available at the main office and are provided upon request.

Filing and Contact Details

Filer

Filer Name
Indiana Future Farmers of Amercia
EIN
35-6056070
Phone
3178785464
Address
6595 S 125 W PO BOX 9, TRAFALGAR, IN 46181-0009

Signing Officer

Name
Lisa Chaudion
Title
Director
Phone
3178785464
Signed
2021-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Chaudion
Formed
1961
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
52
Volunteers
200

Preparer

Firm
AGRESTA STORMS & O'LEARY PC
Address
726 WASHINGTON ST SUITE 200, COLUMBUS, IN 47201
Preparer
Rhonda Blandford
Phone
3177809850
Raw XML AppendixShowing 400 of 589 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/ActivityOrMissionDesc0THE MISSION OF THE INDIANA FFA FOUNDATION IS TO SUPPORT, FUND, AND PROMOTE THE PROGRAMS AND OBJECTIVES OF THE INDIANA FFA ASSOCIATION AND INDIANA FFA LEADERSHIP CENTER.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/GrossReceiptsAmt01458970
IRS990/GrossRentsGrp/PersonalAmt08649
IRS990/GrossRentsGrp/RealAmt0105363
IRS990/GrossSalesOfInventoryAmt094510
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt074341
IRS990/InsuranceGrp/TotalAmt074341
IRS990/InterestGrp/ManagementAndGeneralAmt05
IRS990/InterestGrp/TotalAmt05
IRS990/InventoriesForSaleOrUseGrp/BOYAmt03237
IRS990/InventoriesForSaleOrUseGrp/EOYAmt03137
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03279
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03279
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01658695
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0811772
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0839386
IRS990/LandBldgEquipCostOrOtherBssAmt02498081
IRS990/LegalDomicileStateCd0IN
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt034019
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt034019
IRS990/MissionDesc0THE MISSION OF THE INDIANA FFA FOUNDATION IS TO SUPPORT, FUND, AND PROMOTE THE PROGRAMS AND OBJECTIVES OF THE INDIANA FFA ASSOCIATION AND INDIANA FFA LEADERSHIP CENTER.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01508898
IRS990/NetAssetsOrFundBalancesEOYAmt01637411
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt051831
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt051831
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt070041
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0114012
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt043971
IRS990/NetUnrelatedBusTxblIncmAmt0-36941
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01314054
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01442567
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt049341
IRS990/OccupancyGrp/TotalAmt049341
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028409
IRS990/OfficeExpensesGrp/ProgramServicesAmt01991
IRS990/OfficeExpensesGrp/TotalAmt030400
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt064435
IRS990/OtherAssetsTotalGrp/EOYAmt066555
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GRANT & FUND EXPENSES
IRS990/OtherExpensesGrp/Desc1COUNTRY MARKET EXPENSES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01806
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt195
IRS990/OtherExpensesGrp/ProgramServicesAmt0140955
IRS990/OtherExpensesGrp/ProgramServicesAmt179010
IRS990/OtherExpensesGrp/ProgramServicesAmt246680
IRS990/OtherExpensesGrp/ProgramServicesAmt314210
IRS990/OtherExpensesGrp/TotalAmt0140955
IRS990/OtherExpensesGrp/TotalAmt179010
IRS990/OtherExpensesGrp/TotalAmt248486
IRS990/OtherExpensesGrp/TotalAmt314305
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt087500
IRS990/OtherRevenueMiscGrp/BusinessCd0453000
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0COUNTRY MARKET INCOME
IRS990/OtherRevenueMiscGrp/Desc1LICENSE PLATE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0114656
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt135825
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0114656
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt135825
IRS990/OtherRevenueTotalAmt0184500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0143040
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt062998
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206038
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0207734
IRS990/PaymentsToAffiliatesGrp/TotalAmt0207734
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt025450
IRS990/PayrollTaxesGrp/ProgramServicesAmt04823
IRS990/PayrollTaxesGrp/TotalAmt030273
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt010079
IRS990/PensionPlanContributionsGrp/TotalAmt010079
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LISA CHAUDION
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2532000
IRS990/ProgramServiceRevenueGrp/Desc0LODGING INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FARM SHOW INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CONVENTION INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052522
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt139551
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21422
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt084347
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt139551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21422
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt031825
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0812485
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt051041
IRS990/PYInvestmentIncomeAmt04076
IRS990/PYOtherExpensesAmt0727494
IRS990/PYOtherRevenueAmt0367333
IRS990/PYProgramServiceRevenueAmt0122827
IRS990/PYRevenuesLessExpensesAmt0115094
IRS990/PYSalariesCompEmpBnftPaidAmt0413092
IRS990/PYTotalExpensesAmt01191627
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01306721
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0128514
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt08649
IRS990/RentalIncomeOrLossGrp/RealAmt0105363
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0403146
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0194844
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0169144
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0937349
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0812485
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0885180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0796927
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0668090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04100031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0151310
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0167824
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0175898

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