Civic Intelligence

The Minnesota Ffa Foundation Incorporated

990 • Fiscal year 2019 • EIN 41-6038263

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 10, 2020

PO Box 365Plainview, MN 55964

(507) 534-0188

Siviq Scores

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

Liabilities / Assets

45th percentile

0.02x

Higher debt load relative to assets than 45% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

52nd percentile

0.03x

Higher debt load relative to revenue than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

31st percentile

-3.1%

Higher net margin than 31% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

77th percentile

$72,100

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

52nd percentile

4.0%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-28%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$871,748

Up $33,340 (+4.0%) from 2018

Net Assets

Up

$856,221

Up $33,340 (+4.1%) from 2018

Liabilities

Flat

$15,527

Flat from 2018

Revenue

Down

$459,624

Down $180,090 (-28%) from 2018

Expenses

Down

$473,798

Down $13,556 (-2.8%) from 2018

Net Income

Down

-$14,174

Down $166,534 (-109%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $430,710Liabilities 2010: $51,448Net Assets 2010: $379,2622010Assets 2011: $496,105Liabilities 2011: $88,320Net Assets 2011: $407,7852011Assets 2012: $609,545Liabilities 2012: $78,641Net Assets 2012: $530,9042012Assets 2013: $633,081Liabilities 2013: $83,037Net Assets 2013: $550,0442013Assets 2014: $639,559Liabilities 2014: $64,278Net Assets 2014: $575,2812014Assets 2015: $670,542Liabilities 2015: $84,360Net Assets 2015: $586,1822015Assets 2016: $706,094Liabilities 2016: $41,944Net Assets 2016: $664,1502016Assets 2017: $705,010Liabilities 2017: $15,527Net Assets 2017: $689,4832017Assets 2018: $838,408Liabilities 2018: $15,527Net Assets 2018: $822,8812018Assets 2019: $871,748Liabilities 2019: $15,527Net Assets 2019: $856,2212019Assets 2020: $1,665,080Liabilities 2020: $13,762Net Assets 2020: $1,651,3182020Assets 2021: $3,664,820Liabilities 2021: $13,012Net Assets 2021: $3,651,8082021Assets 2022: $3,710,013Liabilities 2022: $0Net Assets 2022: $3,710,0132022Assets 2023: $3,830,402Liabilities 2023: $9,503Net Assets 2023: $3,820,8992023Assets 2024: $4,414,265Liabilities 2024: $23,097Net Assets 2024: $4,391,1682024

Highlighted filing

2019

Assets$871,748
Liabilities$15,527
Net Assets$856,221

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $310,6582010Expenses 2011: $361,4132011Expenses 2012: $386,2832012Revenue 2013: $443,269Expenses 2013: $465,160Net Income 2013: -$21,8912013Revenue 2014: $410,813Expenses 2014: $385,312Net Income 2014: $25,5012014Revenue 2015: $506,026Expenses 2015: $468,963Net Income 2015: $37,0632015Revenue 2016: $516,100Expenses 2016: $455,563Net Income 2016: $60,5372016Revenue 2017: $447,042Expenses 2017: $438,037Net Income 2017: $9,0052017Revenue 2018: $639,714Expenses 2018: $487,354Net Income 2018: $152,3602018Revenue 2019: $459,624Expenses 2019: $473,798Net Income 2019: -$14,1742019Revenue 2020: $1,186,882Expenses 2020: $474,333Net Income 2020: $712,5492020Revenue 2021: $2,249,236Expenses 2021: $449,595Net Income 2021: $1,799,6412021Revenue 2022: $559,649Expenses 2022: $512,836Net Income 2022: $46,8132022Revenue 2023: $692,590Expenses 2023: $759,713Net Income 2023: -$67,1232023Revenue 2024: $1,040,684Expenses 2024: $751,970Net Income 2024: $288,7142024

Highlighted filing

2019

Revenue$459,624
Expenses$473,798
Net Income-$14,174
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 10, 2020
Return Version
2019v5.0
Gross Receipts
$494,032
Mission and Program Overview

Mission

It is the mission of the minnesota ffa foundation to secure strategic partnerships and financial resources that promote and enhance premier leadership, personal growth and career success for minnesota youth in agricultural education.

to provide financial support to Future Farmers of America (FFA) programs and students in Minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$568,193$539,804▼ $28,389
Investments in Publicly Traded Securities$192,336$281,675▲ $89,339
Accounts Receivable$57,995$40,970▼ $17,025
Inventories for Sale or Use$17,920$7,128▼ $10,792
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$838,408$871,748▲ $33,340
Other Assets Total$1,964$2,171▲ $207
Liabilities
Accounts Payable and Accrued Expenses$15,527$15,527→ $0
Total Liabilities$15,527$15,527→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$580,826$630,166▲ $49,340
Net Assets With Donor Restrictions$242,055$226,055▼ $16,000
Total Net Assets Fund Balance$822,881$856,221▲ $33,340
Total Liabilities and Net Assets / Fund Balance$838,408$871,748▲ $33,340
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Val AarsvoldExecutive DirectorFT$72,100$72,100
Amanda SommersProgram CoordFT$57,569$57,569

Board Members and Trustees

NameTitle
Jean JohnsonChair
Valerie VeldeChair Elect
Natasha MortensonPast Chair
Clint SmithDirector
Frances HomansDirector
Jason SchwantzDirector
Jim BurnsDirector
Juleah ToloskyDirector
Kyle PetersonDirector
Lafe AarsvoldDirector
Lara DurbenDirector
Mat VaupelDirector
Patrice BaileyDirector
Paula MohrDirector
Staci MartinDirector
Tim UhlenkampDirector
Zane SheehanDirector
Kevin PaapExec Spons Chai
Mark DorenkampSecretary
Pat DingelsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$445,686
Program Service Revenue
$0
Investment Income
$5,976
Other Revenue
$7,962
All Other Contributions
$445,686
Change in Net Assets
$-14,174
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,224
Salaries, Compensation, and Employee Benefits$149,897
Grants and Similar Amounts Paid$47,677
Total Fundraising Expense$32,230
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$106,761$7,581$22,742$137,084
Grants to Domestic Individuals$34,985--$34,985
Payroll Taxes$9,994$705$2,114$12,813
Grants to Domestic Orgs$12,692--$12,692
Travel$5,413$902$2,707$9,022
All Other Expenses$5,936$1,403$1,514$8,853
Other Expenses$39,650$7,500-$7,500
Fees for Services Accounting-$5,475-$5,475
Office Expenses$2,184$211$1,558$3,953
Advertising$3,191--$3,191
Information Technology$1,858$310$929$3,097
Occupancy$1,332$222$666$2,220
Insurance-$898-$898
Total Functional Expenses$416,361$25,207$32,230$473,798
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Washington Leadership ConferKenyon, MN-Ag Education$8,150
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,370
Fundraising Direct Expenses$23,616
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$27,715$27,715$10,106$17,609
Other$12,789$12,789$10,743$2,046
Total Events$40,504$40,504$20,849$19,655
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Board reviews 990 before submitting

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Minnesota Ffa Foundation Inc
EIN
41-6038263
Phone
5075340188
Address
PO BOX 365, PLAINVIEW, MN 55964

Signing Officer

Name
Val Aarsvold
Title
Executive Director
Signed
2020-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Johnson
Formed
1953
Legal Domicile
Mn
Voting Board Members
20
Independent Board Members
20
Employees
2
Volunteers
50

Preparer

Firm
Hemann Grover & Co LTD
Address
404 South Main Street, Zumbrota, MN 55992-1680
Preparer
Glen P Hemann
Phone
5077327800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Teacher Preparation:Support given to assist in the development of new teachers or experienced teachers. Under the direction and coordination of the Minnesota Association of Agricultural Educators, teachers are provided opportunities to attend workshops and learn from others in the profession. This support of teachers takes place at their Agtech and summer conferences. 300 teachers attended the workshops in 2019.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1PROGRAM COORD
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXEC SPONS CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHAIR ELECT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01953
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt023616
IRS990/FundraisingGrossIncomeAmt042370
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantAmt047677
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt034985
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt034985
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt012692
IRS990/GrantsToDomesticOrgsGrp/TotalAmt012692
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0494032
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0929
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0310
IRS990/InformationTechnologyGrp/ProgramServicesAmt01858
IRS990/InformationTechnologyGrp/TotalAmt03097
IRS990/InsuranceGrp/ManagementAndGeneralAmt0898
IRS990/InsuranceGrp/TotalAmt0898
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt017920
IRS990/InventoriesForSaleOrUseGrp/EOYAmt07128
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt05976
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05976
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0192336
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0281675
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0to provide financial support to Future Farmers of America (FFA) programs and students in Minnesota.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0822881
IRS990/NetAssetsOrFundBalancesEOYAmt0856221
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt018754
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-10792
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-10792
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt047514
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0580826
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0630166
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt0666
IRS990/OccupancyGrp/ManagementAndGeneralAmt0222
IRS990/OccupancyGrp/ProgramServicesAmt01332
IRS990/OccupancyGrp/TotalAmt02220
IRS990/OfficeExpensesGrp/FundraisingAmt01558
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0211
IRS990/OfficeExpensesGrp/ProgramServicesAmt02184
IRS990/OfficeExpensesGrp/TotalAmt03953
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01964
IRS990/OtherAssetsTotalGrp/EOYAmt02171
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0youth leadership
IRS990/OtherExpensesGrp/Desc1state convention
IRS990/OtherExpensesGrp/Desc2teacher preparation
IRS990/OtherExpensesGrp/Desc3administration
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07500
IRS990/OtherExpensesGrp/ProgramServicesAmt097875
IRS990/OtherExpensesGrp/ProgramServicesAmt194490
IRS990/OtherExpensesGrp/ProgramServicesAmt239650
IRS990/OtherExpensesGrp/TotalAmt097875
IRS990/OtherExpensesGrp/TotalAmt194490
IRS990/OtherExpensesGrp/TotalAmt239650
IRS990/OtherExpensesGrp/TotalAmt37500
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02114
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0705
IRS990/PayrollTaxesGrp/ProgramServicesAmt09994
IRS990/PayrollTaxesGrp/TotalAmt012813
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JEAN JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0State Convention:Support of state convention preparation, event and event follow-up. Support of the keystone event for Minnesota FFA as directed towards facility charges, student awards, technology, career development event materials, speakers and career fair expenses. 4,100 students attended the state convention in 2019.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0121099
IRS990/ProgSrvcAccomActy3Grp/Desc0Youth Leadership:Support to grow leadership. Usually conducted at the chapter, regional or state level. Nearly $30,000 is provided annually to support the Minnesota state FFA leadership camps and conferences, including state greenhand leadership camp, state leadership camp for chapter leaders and agpolicy experience, blast off, nlcso, power, ffa day at the capital and rolo. more than 10,800 students benefited from this program in 2019.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0112554
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0625647
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt069526
IRS990/PYInvestmentIncomeAmt06663
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0300056
IRS990/PYOtherRevenueAmt07404
IRS990/PYRevenuesLessExpensesAmt0152360
IRS990/PYSalariesCompEmpBnftPaidAmt0117772
IRS990/PYTotalExpensesAmt0487354
IRS990/PYTotalRevenueAmt0639714

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.41$0.02$4.39$1.04$0.75$0.29
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.01$3.82$0.69$0.76$0.07
2022Detailed filing. Detailed filing data is available for this year.$3.71$0.00$3.71$0.56$0.51$0.05
2021Detailed filing. Detailed filing data is available for this year.$3.66$0.01$3.65$2.25$0.45$1.80
2020Detailed filing. Detailed filing data is available for this year.$1.67$0.01$1.65$1.19$0.47$0.71
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.02$0.86$0.46$0.47$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.02$0.82$0.64$0.49$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.71$0.02$0.69$0.45$0.44$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.04$0.66$0.52$0.46$0.06
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.08$0.59$0.51$0.47$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.64$0.06$0.58$0.41$0.39$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.63$0.08$0.55$0.44$0.47$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.08$0.53$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.09$0.41$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.05$0.38$0.31
Peer Organizations

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