Civic Intelligence

Maryland Ffa Foundation Incorporated

EIN 52-1354382 • 501(c)3 • Eldersburg, MD

Profile

The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 3,000 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops.

PO Box 1056Eldersburg, MD 21784

www.mdffafoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

31st percentile

-4.5%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

4.8%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

33%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$890,551

Up $40,848 (+4.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$890,551

Up $40,848 (+4.8%) from 2023

Revenue

Up

$178,274

Up $44,464 (+33%) from 2023

Expenses

Up

$186,366

Up $66,560 (+56%) from 2023

Net Income

Down

-$8,092

Down $22,096 (-158%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $220,812Liabilities 2011: $02011Assets 2012: $274,659Liabilities 2012: $62,3742012Assets 2013: $298,028Liabilities 2013: $66,1622013Assets 2014: $327,311Liabilities 2014: $87,7112014Assets 2015: $329,494Liabilities 2015: $93,1412015Assets 2016: $466,299Liabilities 2016: $110,088Net Assets 2016: $356,2112016Assets 2017: $545,348Liabilities 2017: $48,082Net Assets 2017: $497,2662017Assets 2018: $516,528Liabilities 2018: $6,764Net Assets 2018: $509,7642018Assets 2019: $638,562Liabilities 2019: $32,838Net Assets 2019: $605,7232019Assets 2020: $760,180Liabilities 2020: $0Net Assets 2020: $760,1802020Assets 2021: $872,143Liabilities 2021: $0Net Assets 2021: $872,1432021Assets 2022: $751,711Liabilities 2022: $0Net Assets 2022: $751,7112022Assets 2023: $849,703Liabilities 2023: $0Net Assets 2023: $849,7032023Assets 2024: $890,551Liabilities 2024: $0Net Assets 2024: $890,5512024

Highlighted filing

2024

Assets$890,551
Liabilities$0
Net Assets$890,551

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $69,523Expenses 2011: $60,812Net Income 2011: $8,7112011Revenue 2012: $114,146Expenses 2012: $60,300Net Income 2012: $53,8462012Revenue 2013: $122,526Expenses 2013: $99,157Net Income 2013: $23,3692013Revenue 2014: $117,659Expenses 2014: $88,375Net Income 2014: $29,2842014Revenue 2015: $102,585Expenses 2015: $100,402Net Income 2015: $2,1832015Revenue 2016: $237,109Expenses 2016: $100,305Net Income 2016: $136,8042016Revenue 2017: $188,005Expenses 2017: $108,957Net Income 2017: $79,0482017Revenue 2018: $93,201Expenses 2018: $122,021Net Income 2018: -$28,8202018Revenue 2019: $267,875Expenses 2019: $145,540Net Income 2019: $122,3352019Revenue 2020: $307,263Expenses 2020: $76,952Net Income 2020: $230,3112020Revenue 2021: $235,681Expenses 2021: $111,252Net Income 2021: $124,4292021Revenue 2022: $206,322Expenses 2022: $152,897Net Income 2022: $53,4252022Revenue 2023: $133,810Expenses 2023: $119,806Net Income 2023: $14,0042023Revenue 2024: $178,274Expenses 2024: $186,366Net Income 2024: -$8,0922024

Highlighted filing

2024

Revenue$178,274
Expenses$186,366
Net Income-$8,092

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.91$0.00$8.91$1.78$1.86$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.50$0.00$8.50$1.34$1.20$0.14
2022Detailed filing. Detailed filing data is available for this year.$7.52$0.00$7.52$2.06$1.53$0.53
2021Detailed filing. Detailed filing data is available for this year.$8.72$0.00$8.72$2.36$1.11$1.24
2020Detailed filing. Detailed filing data is available for this year.$7.60$0.00$7.60$3.07$0.77$2.30
2019Summary only. Only limited summary data is available for this year.$6.39$0.33$6.06$2.68$1.46$1.22
2018Summary only. Only limited summary data is available for this year.$5.17$0.07$5.10$0.93$1.22$0.29
2017Summary only. Only limited summary data is available for this year.$5.45$0.48$4.97$1.88$1.09$0.79
2016Summary only. Only limited summary data is available for this year.$4.66$1.10$3.56$2.37$1.00$1.37
2015Summary only. Only limited summary data is available for this year.$3.29$0.93$1.03$1.00$0.02
2014Summary only. Only limited summary data is available for this year.$3.27$0.88$1.18$0.88$0.29
2013Summary only. Only limited summary data is available for this year.$2.98$0.66$1.23$0.99$0.23
2012Summary only. Only limited summary data is available for this year.$2.75$0.62$1.14$0.60$0.54
2011Summary only. Only limited summary data is available for this year.$2.21$0.00$0.70$0.61$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$178,274
Mission and Program Overview

Mission

The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 3,000 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops.

The maryland ffa foundation raises funds to support the student members of the md ffa association. The md ffa association has 54 local chapters located across the state of maryland in the local public schools at the middle and high school level, which serves some 2,500 student members. The md ffa foundation raises funds to support ffa career development events, leadership related conferences and workshops.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$744,597$784,063▲ $39,466
Savings and Temporary Cash Investments$67,296$70,194▲ $2,898
Cash and Non-Interest-Bearing Accounts$37,810$36,294▼ $1,516
Total Assets$849,703$890,551▲ $40,848
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$339,712$470,418▲ $130,706
Net Assets With Donor Restrictions$509,991$420,133▼ $89,858
Total Net Assets Fund Balance$849,703$890,551▲ $40,848
Total Liabilities and Net Assets / Fund Balance$849,703$890,551▲ $40,848

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$112,219--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$744,597-▲ $79,424$36,500$784,063
2023$665,767-▲ $104,859$21,500$744,597
2022$785,301$10,400▼ $124,217-$665,767
2021$673,883$28,100▲ $92,417-$785,301
2020$589,535-▲ $77,244-$659,674
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark MilbyExecutive DirectorPT$3,500$3,500

Board Members and Trustees

NameTitle
George MayoChairman
Chuck SchusterTrustee
David MillerTrustee
Gabe ZeppTrustee
Jason WattTrustee
Jerry KelleyTrustee
Jessica ClarkeTrustee
Joe LinthicumTrustee
Lori Powell MayhewTrustee
Scott GlennTrustee
Thomas MazzoneTrustee
Timothy BeallTrustee
Todd LeggeTrustee
Tyler MajchrzakTrustee
Roy S Walls JrExecutive Treasurer
Teresa ShankSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$147,784
Program Service Revenue
$0
Investment Income
$30,490
Other Revenue
$0
All Other Contributions
$147,784
Change in Net Assets
$-8,092
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$171,623
Other Expenses$11,243
Salaries, Compensation, and Employee Benefits$3,500
Total Fundraising Expense$1,750
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$171,623--$171,623
Current Officers, Directors, Trustees, and Key Employees-$1,750$1,750$3,500
Fees for Service Investment Mgmnt Fees-$3,458-$3,458
Travel-$3,053-$3,053
Office Expenses-$2,934-$2,934
Insurance-$1,004-$1,004
Information Technology-$794-$794
Total Functional Expenses$171,623$12,993$1,750$186,366
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Md Ffa Association IncFunkstown, MD501(c)(3))Program Support$124,700
Damascus Ffa ChapterDamascus, MD-Program Support$20,023
National Ffa OrganizationIndianapolis, IN501(c)(3))Program Participation$14,900
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
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 1A

Our board of trustees has 15 voting members but other non voting members are also part of our board. Our line officers include a chairman, executive director, secretary, and executive treasurer and student ffa officer who are non voting members(unless the chairman needs to break a tie vote)

Form 990, Part VI, Section A, Line 7A

The voting members of the board of trustees shall consist of: anyone interested in supporting ffa, agricultural education, agriculture, or volunteerism. One local ffa chapter advisor appointed or elected by the maryland agriculture teachers association. One ffa alumni representative appointed by the maryland ffa alumni council. The maryland ffa executive director representing ffa and the interestof the maryland state department of education. One representative of post-secondary education in agriculture in maryland. One md agricultural education foundation (maef) representative appointed by the maef board. The board of trustees shall consist of a maximum of fifteen(15) voting members. Non-voting members of the board of trustees shall include: a student representative from the maryland ffa association, inc., the executove director of the maryland ffa foundation, inc., the executive treasurer of the maryland ffa foundation, inc. Others may attend meetings at the invitation of the chair.

Form 990, Part VI, Section B, Line 11B

A copy of the required parts for form 990 and needed schedules is sent to the board of trustees for comment prior to filing by draper and mcginley, pa. The accepted form 990 from the irs would then be downloaded and emailed to our board of trustees as the official filing by our organization. The electronic filing is mailed to the secretary of the state of maryland. The public parts of form 990 document are made available to the public through first class mail request or an email request to [email protected],our executive treasurer.

Form 990, Part VI, Section B, Line 15

Our executive director serves as a contractor for the purpose of providing day to day management and fund raising of the organization. This person's selection and recommended compensation was deliberated by an appointed committee. The committee reports to the board of trustees who approve their report and recommendations on an executive director. The executive treasurer filed an appropriate form 1099 for this individual.

Form 990, Part VI, Section C, Line 19

Form 990 part vi, line 19 governing documents would be made available to anyone who would request this information. Conflict of interest documents are collected at the august board of trustees, which has long been considered as our annual meeting. Financial statements are prepared for each board of trustees meeting and are distributed by the executive treasurer. Financial statements as well as irs form 990 is also published to the secretary of the state of maryland. A public request for these documents would be honored if received by email or first-class mail delivered by the us post office.

Part VI, Line 9

Jason watt, 5959 middleburg rd, keymar, md 21757, teresa shank, 18808 wagaman rd, hagerstown, md 21740,roy walls, 9104 49th avenue, college park, md 20740, mark milby, 112 henry avenue, elderburg, md 21784, george mayo, 1311 glencoe rd, glencoe, md 21152, david miller, 7413 round hill rd, frederick, md 21702, lori powell mayhew, 25921 ridge rd, damascus, md 20872, jessica clark, 379 deep shore rd, denton, md 21629, scott glenn, 12940 clarkville pike, highland, md 20777, tyler majchrzak, 2185 arthursville rd, hartley, de 19953, todd legge, 330 veterans rd, middletown, va 22645, timothy beall, 3909 highland ct, myersville, md 21773

Filing and Contact Details

Filer

Filer Name
Maryland Ffa Foundation Inc
EIN
52-1354382
Phone
2404642279
Address
PO BOX 1056, ELDERSBURG, MD 21784

Signing Officer

Name
Roy S Walls Jr
Title
Executive Treasuer
Phone
2404642279
Signed
2025-11-12

Organization Details

Principal Officer
Roy S Walls Jr
Formed
1982
Legal Domicile
Md
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Draper & Mcginley Pa
Address
365 W PATRICK ST, FREDERICK, MD 21701
Preparer
Michael Andrew Mcginley Jr
Phone
3016947411
Supplemental Narrative

Additional Explanations

PART XII; LINE 2C: FINANCIAL STATEMENTS AND REPORTING

The executive treasurer completes a review of the accounts and bookkeeping in preparation of our internal audit process. The finance committee serves as an internal auditing committee to review the calendar year final financial report. The finance committee in the audting process will look for errors and provide recommendations on how to track the different types of transactions.

Financial Statement Notes

PART V, LINE 4:

Endowment funds are used to grow the assets of the md ffa foundation,inc. Twenty-five percent (25%) of the investment income on these accounts is reserved per policy of the board of trustees in the account to accumulate growth of the accounts. Seventy-five percent (75%) of the net investment income would then be available if needed to meet our program purposes to support the md ffa association, its chapters, or student members. The 75% calculation of net investment income is used in this "quasi-endowed". Money not spent to support our chartered purposes would continue to grow the endowment accounts but is ready for potential use as previously designated by action of our board of trustees. Our accounts with the national ffa foundation pooled investment fund(nffaf) have minimum withdraw amounts of $10,000. Our pnc investment account can receive or transfer any amount from/to our general checking account. This investment account is used much like a savings account to accumulate funds to further transfer to the nffaf pooled investment which requires a minimum $10,000 transfer to our accounts there on a quarterly basis. The pnc investment account can also be used to meet emergency needs in our general checking account which has not been done for several years.

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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 MARYLAND FFA FOUNDATION RAISES FUNDS TO SUPPORT THE STUDENT MEMBERS OF THE MD FFA ASSOCIATION. THE MD FFA ASSOCIATION HAS 54 LOCAL CHAPTERS LOCATED ACROSS THE STATE OF MARYLAND IN THE LOCAL PUBLIC SCHOOLS AT THE MIDDLE AND HIGH SCHOOL LEVEL, WHICH SERVES SOME 2,500 STUDENT MEMBERS. THE MD FFA FOUNDATION RAISES FUNDS TO SUPPORT FFA CAREER DEVELOPMENT EVENTS, LEADERSHIP RELATED CONFERENCES AND WORKSHOPS.
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IRS990/Desc0ANNUAL FUND-RAISING GRANTS TO MD FFA ASSOCIATION PROVIDE LEADERSHIP OPPORTUNITIES FOR OVER 2500 MD FFA ASSOCIATION STUDENT MEMBERS. THIS AMOUNT HELPS TO OFFSET THE COSTS OF AWARDS, PROGRAMS, AND STUDENT TRAVEL TO OUT-OF-STATE COMPETITIONS FOR THE FIRST AND SECOND PLACE TEAMS. THIS GRANT ALSO HELPS OFFSET THE COSTS OF THE MD FFA ASSOCIATION'S ANNUAL STATE CONVENTION FOR THE STUDENT FFA MEMBERS. THERE ARE COMPETITIVE EVENTS RELATED TO AGRICULTURAL CAREER DEVELOPMENT HELD WHERE THE STUDENTS RECEIVE AWARD PINS OR PLAQUES FOR THEIR PLACING IN THE EVENT(S) WITH PHOTOS POSTED ONLINE SUITABLE FOR DOWNLOAD FOR PUBLICATION USE IN LOCAL OR SOCIAL MEDIA OUTLETS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
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IRS990/MissionDesc0THE MARYLAND FFA FOUNDATION RAISES FUNDS TO SUPPORT THE STUDENT MEMBERS OF THE MD FFA ASSOCIATION. THE MD FFA ASSOCIATION HAS 54 LOCAL CHAPTERS LOCATED ACROSS THE STATE OF MARYLAND IN THE LOCAL PUBLIC SCHOOLS AT THE MIDDLE AND HIGH SCHOOL LEVEL, WHICH SERVES SOME 2,500 STUDENT MEMBERS. THE MD FFA FOUNDATION RAISES FUNDS TO SUPPORT FFA CAREER DEVELOPMENT EVENTS, LEADERSHIP RELATED CONFERENCES AND WORKSHOPS.
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ROY S WALLS JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THIS ACTIVITY IS SUPPORTED BY A GRANT FROM AN ANNUAL DONATION AS PART OF MR. JOSEPH BYRD'S WILL MANAGED BY THE COMMUNITY FOUNDATION OF FREDERICK COUNTY, MD AS A TARGETED GRANT TO A LOCAL FFA CHAPTER IN MONTGOMERY COUNTY, MD. MR. JOSEPH BYRD'S WILL INDICATES THAT PROCEEDS FROM HIS FUND SUPPORT THE CLOSEST FFA CHAPTER TO POOLESVILLE, MD WHICH IS CURRENTLY THE DAMASCUS, MD FFA CHAPTER. THE DIRECT REVENUE OF $ 32,915.15 WILL BE TRANSFERRED TO A SEPARATE CHECKING ACCOUNT WHICH WE MANAGE FOR THE LOCAL CHAPTER. THE CHAPTER ADVISOR WILL THEN REQUEST FUNDS FROM THIS ACCOUNT TO PAY FOR EQUIPMENT, INSTRUCTIONAL MATERIALS, STUDENT AND/OR ADVISOR REGISTRATIONS AND TRAVEL TO STATE AND/OR OUT OF STATE EVENTS. THIS FUND ALSO SUPPORTS THE CLASSROOM EXPENSES FOR SUPPLIES OR TECHNOLOGY THAT THE PROGRAM MIGHT NEED. FUNDS MAY ALSO BE USED FOR ADVISOR/TEACHER TRAVEL AND TRAINING. THE LOCAL CHAPTER ADVISOR DOES NOT HAVE SIGNATURE POWER ON THIS CHECKING ACCOUNT. EXPENSES NOTED INCLUDE CHAPTER PURCHASES OR REGISTRATIONS DURING CY2024, BANKING AND INVESTMENT MANAGEMENT FEES ON AN INVESTMENT ACCOUNT HELD AND CONTROLLED BY THE MD FFA FOUNDATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020023
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt038548
IRS990/ProgSrvcAccomActy3Grp/Desc0THE MD FFA FOUNDATION, INC. PROVIDED FOR A PORTION OF THE REGISTRATION, TRAVEL, LODGING AND PARTICIPATION TO THE NATIONAL FFA ORGANIZATION FOR THE INTERNATIONAL LEADERSHIP SEMINAR FOR STATE OFFICERS (ILSSO) FROM $14,250 OF FUNDS THEY INDIVIDUALLY RAISED FUNDS BY THE PARTICIPANTS THAT FLOWED THROUGH OUR ORGANIZATION.
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt014900
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE MD FFA FOUNDATION ALSO PROVIDES FUNDS FOR ONE HUNDRED NEEDY FFA MEMBERS WHO CANNOT AFFORD THE OFFICIAL DRESS OF THE STUDENT ORGANIZATION. ONE HUNDRED JACKETS, TIES/SCARVES ARE PROVIDED. FUNDS ALSO SUPPORT THE COST OF STATE FFA OFFICERS TRAVEL FOR LOCAL CHAPTER VISITS WHERE THEY PROVIDE LEADERSHIP WORKSHOP ACTIVITY, BRING GREETINGS, OR A KEYNOTE ADDRESS AT A LOCAL FFA CHAPTER FUNCTION. REVENUE TO SUPPORT THIS ACTIVITY IS FROM OUR DONOR CONTRIBUTIONS TO OUR FUND-RAISING EFFORTS. EXPENSES INCLUDE TRAVEL, OFFICER WORKSHOP SUPPLIES, FEES PAID ON THE MANAGEMENT OF RELATED INVESTMENT FUNDS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1A $5,000.00 GRANT WAS RECEIVED FROM THE HOWARD COUNTY GOVERNMENT AS A FLOW THROUGH GRANT REQUEST TO BENEFIT THE HOWARD COUNTY FFA CHAPTER. OUR ONLY EXPENSE WAS SIMPLY THE COST OF POSTAGE TO MAIL A CHECK.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2FOUR SCHOLARSHIPS OF $1,000 WERE GRANTED TO EDUCATIONAL INSTITUTIONS/ORGANIZATIONS TO SUPPORT POST-SECONDARY EDUCATION OF STUDENT FFA MEMBERS WHO APPLIED FOR A SCHOLARSHIP THROUGH OUR WILEY AND CARRIE GRIFFITH INVESTMENT FUND. THE REVENUE IS BASED ON THE INTEREST IN THE INVESTMENT ACCOUNT SUPPORTING THE SCHOLARSHIP. EXPENSES ARE FROM THE MANAGEMENT FEES PAID ON THAT SAME INVESTMENT ACCOUNT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc3A GRANT OF $2,500 WAS DISBURSED TO THE FREDERICK COUNTY FFA CHAPTERS LEADERSHIP ACCOUNT. THIS GRANT IS SUPPORTED BY OUR MATHWIG ACCOUNT. THE FUNDS ARE USED FOR COUNTY WIDE LEADERSHIP TRAINING FOR TEN LOCAL HIGH SCHOOL FFA CHAPTER OFFICERS. THE REVENUE IS BASED ON THE INTEREST IN THE INVESTMENT ACCOUNT SUPPORTING THE SCHOLARSHIP. EXPENSES ARE FROM THE MANAGEMENT FEES PAID ON THAT SAME INVESTMENT ACCOUNT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc4THE MD FFA FOUNDATION SUPPORTS THE DEVELOPMENT OF NEW CHAPTERS BY THE MD FFA ASSOCIATION WITH $250.00 AS A START-UP FUND FOR THE CHAPTERS. THE FORT HILL AND MOUNTAIN RIDGE CHAPTERS RECEIVED $250 AS START-UP FUNDING FOR THEIR TREASURY. THE CHAPTER CAN USE THESE FUNDS FOR ANY NORMAL CHAPTER EXPENSE SUCH AS CHAPTER OFFICER TRAINING, OR SUPPLIES NEEDED TO OPERATE THE FFA CHAPTER.
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt15000
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt24000
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