Civic Intelligence

Virginia Ffa Foundation Inc

EIN 54-1291124 • 501(c)3 • Weyers Cave, VA

Profile

Ffa makes a positive difference in the lives of students by developing their potential for premier leadership, personal growth and career success through agricultural education.

PO Box 40Weyers Cave, VA 24486

www.vaffa.org

Siviq Scores

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

Liabilities / Assets

58th percentile

0.11x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.64x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

69th percentile

16%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $1M-$5M 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

69th percentile

13%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

24%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$3,130,874

Up $348,087 (+13%) from 2023

Liabilities

Up

$353,930

Up $55,756 (+19%) from 2023

Net Assets

Up

$2,776,944

Up $292,331 (+12%) from 2023

Operations
Liabilities / Revenue83rd percentileNet Margin69th percentile

Revenue

Up

$554,021

Up $108,922 (+24%) from 2023

Expenses

Up

$465,446

Up $30,791 (+7.1%) from 2023

Net Income

Up

$88,575

Up $78,131 (+748%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth69th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2014: $2,069,613Liabilities 2014: $308,897Net Assets 2014: $1,760,7162014Assets 2015: $2,093,314Liabilities 2015: $320,145Net Assets 2015: $1,773,1692015Assets 2016: $2,066,741Liabilities 2016: $389,074Net Assets 2016: $1,677,6672016Assets 2017: $2,301,369Liabilities 2017: $426,796Net Assets 2017: $1,874,5732017Assets 2018: $1,957,811Liabilities 2018: $232,426Net Assets 2018: $1,725,3852018Assets 2019: $2,271,366Liabilities 2019: $294,682Net Assets 2019: $1,976,6842019Assets 2020: $2,566,934Liabilities 2020: $298,940Net Assets 2020: $2,267,9942020Assets 2021: $2,801,304Liabilities 2021: $314,780Net Assets 2021: $2,486,5242021Assets 2022: $2,439,502Liabilities 2022: $278,397Net Assets 2022: $2,161,1052022Assets 2023: $2,782,787Liabilities 2023: $298,174Net Assets 2023: $2,484,6132023Assets 2024: $3,130,874Liabilities 2024: $353,930Net Assets 2024: $2,776,9442024

Highlighted filing

2024

Assets$3,130,874
Liabilities$353,930
Net Assets$2,776,944
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$600K$400K$200K$0-$200KRevenue 2014: $410,182Expenses 2014: $125,998Net Income 2014: $284,1842014Revenue 2015: $130,296Expenses 2015: $107,874Net Income 2015: $22,4222015Revenue 2016: $134,416Expenses 2016: $161,935Net Income 2016: -$27,5192016Revenue 2017: $116,129Expenses 2017: $82,581Net Income 2017: $33,5482017Revenue 2018: $110,612Expenses 2018: $174,706Net Income 2018: -$64,0942018Revenue 2019: $180,410Expenses 2019: $243,803Net Income 2019: -$63,3932019Revenue 2020: $148,824Expenses 2020: $175,306Net Income 2020: -$26,4822020Revenue 2021: $268,392Expenses 2021: $341,628Net Income 2021: -$73,2362021Revenue 2022: $349,144Expenses 2022: $357,420Net Income 2022: -$8,2762022Revenue 2023: $445,099Expenses 2023: $434,655Net Income 2023: $10,4442023Revenue 2024: $554,021Expenses 2024: $465,446Net Income 2024: $88,5752024

Highlighted filing

2024

Revenue$554,021
Expenses$465,446
Net Income$88,575
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,130,874
Liabilities
$353,930
Net assets
$2,776,944
Revenue
$554,021
Expenses
$465,446
Net income
$88,575
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.13$0.35$2.78$0.55$0.47$0.09
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.30$2.48$0.45$0.43$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.44$0.28$2.16$0.35$0.36$0.01
2021Detailed filing. Detailed filing data is available for this year.$2.80$0.31$2.49$0.27$0.34$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.57$0.30$2.27$0.15$0.18$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.27$0.29$1.98$0.18$0.24$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.96$0.23$1.73$0.11$0.17$0.06
2017Detailed filing. Detailed filing data is available for this year.$2.30$0.43$1.87$0.12$0.08$0.03
2016Detailed filing. Detailed filing data is available for this year.$2.07$0.39$1.68$0.13$0.16$0.03
2015Summary only. Only limited summary data is available for this year.$2.09$0.32$1.77$0.13$0.11$0.02
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.31$1.76$0.41$0.13$0.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$585,914
Mission and Program Overview

Mission

Ffa makes a positive difference in the lives of students by developing their potential for premier leadership, personal growth and career success threough agricultural education.

To promote the best interest of students and those involved in agricultural education/ffa in order to enhance opportunities that will enable every student to reach their maximum potential of a productive citizen of the commonwealth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,596,474$2,835,990▲ $239,516
Rtn Earn Endowment Incm Other Fnds$2,484,613$2,776,944▲ $292,331
Savings and Temporary Cash Investments$153,109$259,240▲ $106,131
Land, Buildings, and Equipment, Net$32,138$34,641▲ $2,503
Cash and Non-Interest-Bearing Accounts$1,066$1,003▼ $63
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,782,787$3,130,874▲ $348,087
Liabilities
Escrow Account Liability$277,130$310,950▲ $33,820
Accounts Payable and Accrued Expenses$14,045$39,481▲ $25,436
Mortgage Notes Payable Secured by Investment Property$6,999$3,499▼ $3,500
Total Liabilities$298,174$353,930▲ $55,756
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,484,613$2,776,944▲ $292,331
Total Liabilities and Net Assets / Fund Balance$2,782,787$3,130,874▲ $348,087

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$34,641-$34,641

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,596,474$198,437▲ $223,857$182,778$2,835,990
2023$2,326,030$32,966▲ $314,148$76,670$2,596,474
2022$2,709,606-▼ $383,576-$2,326,030
2021$2,468,402$19,500▲ $272,010$50,306$2,709,606
2020$2,236,564$7,100▲ $260,060$35,322$2,468,402
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Jennifer ArmstrongExecutive DirectorFT$53,114$53,114

Board Members and Trustees

NameTitle
Rebekah SlabachChair
Todd LeggeChair Elect
Adam FordPast Chair
Austin LargeDirector
Beth BreedingDirector
Brian CarpenterDirector
Brian WalshDirector
Greta LiskeyDirector
Hunter SandersonDirector
Jeff RhodesDirector
Katie FrazierDirector
Keighly GoreDirector
Melessa SuderDirector
Moir BeamerDirector
Raleigh HayterDirector
Richard PreisserDirector
Alison JonesEx-officio
Andy SeibelEx-officio
Grayson LongEx-officio
La Veta NutterEx-officio
Jen NeilSecretary
Paul EberlyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$480,351
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$73,670
All Other Contributions
$470,351
Change in Net Assets
$88,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$273,930
Other Expenses$123,935
Salaries, Compensation, and Employee Benefits$67,581
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$273,930--$273,930
Current Officers, Directors, Trustees, and Key Employees$53,114--$53,114
Travel$29,049--$29,049
Conferences and Meetings$19,931--$19,931
Office Expenses$18,890--$18,890
Fees for Services Accounting-$15,115-$15,115
Fees for Service Investment Mgmnt Fees-$13,720-$13,720
Information Technology$10,166--$10,166
Other Salaries and Wages$8,817--$8,817
Payroll Taxes$5,650--$5,650
Advertising$3,800--$3,800
Fees for Services Other-$3,500-$3,500
Insurance$1,204$1,985-$3,189
Other Expenses$1,616$625-$625
Interest-$297-$297
Total Functional Expenses$426,167$39,279$0$465,446
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$103,865
Fundraising Direct Expenses$31,893
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Gala$103,865$103,865$9,110$94,755
Total Events$103,865$103,865$31,893$71,972
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
Audit committee
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
No
Management duties delegated
No

Governance Explanations

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

“A copy of form 990 is provided to each board member prior to filing the return.”

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

“The board of directors reviews compensation for the organization's executive director.”

Form 990, Part VI, Section C, Line 19

“Foundation documents are available for inspection upon request.”

Filing and Contact Details

Filer

Filer Name
Virginia Ffa Foundation Inc
EIN
54-1291124
Phone
5402313823
Address
PO BOX 40, WEYERS CAVE, VA 24486

Signing Officer

Name
Jennifer Armstrong
Title
Executive Director
Phone
5402313823
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Armstrong
Formed
1984
Legal Domicile
Va
Voting Board Members
22
Independent Board Members
22
Employees
5
Volunteers
22

Preparer

Firm
Pbmares Llp
Address
558 SOUTH MAIN STREET, HARRISONBURG, VA 22801
Preparer
Edward T Yoder CPA
Phone
5404345975
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Scholarships and support for the virginia ffa foundation programs.”

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IRS990/ActivityOrMissionDesc0TO PROMOTE THE BEST INTEREST OF STUDENTS AND THOSE INVOLVED IN AGRICULTURAL EDUCATION/FFA IN ORDER TO ENHANCE OPPORTUNITIES THAT WILL ENABLE EVERY STUDENT TO REACH THEIR MAXIMUM POTENTIAL OF A PRODUCTIVE CITIZEN OF THE COMMONWEALTH.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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