Civic Intelligence

Virginia Ffa Foundation Inc.

990 • Fiscal year 2017 • EIN 54-1291124

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 26, 2018

Organization ProfileWWW.VAFFAFOUNDATION.ORG
PO Box 40Weyers Cave, VA 24486

(540) 231-3823

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.19x

Higher debt load relative to assets than 62% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

3.68x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

84th percentile

29%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

17th percentile

-14%

Faster revenue growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$2,301,369

Up $234,628 (+11%) from 2016

Net Assets

Up

$1,874,573

Up $196,906 (+12%) from 2016

Liabilities

Up

$426,796

Up $37,722 (+9.7%) from 2016

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin84th percentile

Revenue

Down

$116,129

Down $18,287 (-14%) from 2016

Expenses

Down

$82,581

Down $79,354 (-49%) from 2016

Net Income

Up

$33,548

Up $61,067 (+222%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$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

2017

Assets$2,301,369
Liabilities$426,796
Net Assets$1,874,573
Open 2017 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$116,129
Expenses$82,581
Net Income$33,548
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 26, 2018
Return Version
2017v2.3
Gross Receipts
$116,129
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$1,981,617$2,211,725▲ $230,108
Rtn Earn Endowment Incm Other Fnds$1,690,764$1,874,573▲ $183,809
Savings and Temporary Cash Investments$86,202$73,519▼ $12,683
Cash and Non-Interest-Bearing Accounts$9,481$9,462▼ $19
Land, Buildings, and Equipment, Net$0$5,103▲ $5,103
Accounts Receivable-$1,560-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,077,300$2,301,369▲ $224,069
Liabilities
Escrow Account Liability$386,334$421,145▲ $34,811
Other Liabilities$202$5,651▲ $5,449
Total Liabilities$386,536$426,796▲ $40,260
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,690,764$1,874,573▲ $183,809
Total Liabilities and Net Assets / Fund Balance$2,077,300$2,301,369▲ $224,069

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,103-$5,103

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,396,643$25,803▲ $201,230$24,148$3,599,528
2016$3,378,741$21,965▲ $26,605$30,668$3,396,643
2015$3,372,771$39,896▲ $8,004$41,930$3,378,741
2014$1,474,990$72,176▲ $158,108$62,130$1,634,161
2013$1,332,537$23,819▲ $122,603-$1,474,990
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Jesse MartinChair
Scot LillyPast-chair
Andrew SmithDirector
Ashley YanegoDirector
Brandon MonkDirector
Dr Ed JonesDirector
Dr Matt SpindlerDirector
Laurel BishopDirector
Laveta NutterDirector
Rob AndrewsDirector
Sarah ScyphersDirector
Tess SeibelDirector
Dr Larry CaseSecretary
Randy RollerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$56,546
Program Service Revenue
$12,850
Investment Income
$46,733
Other Revenue
$0
All Other Contributions
$50,046
Change in Net Assets
$33,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$66,528
Grants and Similar Amounts Paid$14,725
Salaries, Compensation, and Employee Benefits$1,328
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$16,060--$16,060
Fees for Services Accounting-$10,478-$10,478
Grants to Domestic Orgs$8,725--$8,725
Conferences and Meetings$8,085--$8,085
Fees for Service Investment Mgmnt Fees-$7,243-$7,243
Fees for Services Management-$6,800-$6,800
Grants to Domestic Individuals$6,000--$6,000
Other Salaries and Wages$614$614-$1,228
Other Expenses$1,082$141-$141
Payroll Taxes$50$50-$100
All Other Expenses-$37-$37
Total Functional Expenses$54,616$27,965$0$82,581
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
License Plate Fees$5,645
State Income Taxes$6
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 1

“Three ex-officio members of the board are non-voting.”

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

“This return is reviewed by members of the governing body.”

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
Jesse H Martin
Title
Chair
Phone
5402313823
Signed
2018-09-26

Organization Details

Principal Officer
Jesse H Martin
Formed
1984
Legal Domicile
Va
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
1715 PRATT DRIVE STE 2700, BLACKSBURG, VA 24060
Preparer
Mark Woolwine
Phone
5404433606
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“The organization is the custodian of money from not for profit organizations with similar goals and objectives related to agrigultural education. Funds were to be invested by the organization along with its own to gain a higher rate of return than the individual organizations could achieve.”

PART V, LINE 4:

“The organization maintains two types of endowment funds. Leave a legacy funds are endowed to provide a scholarship to an institution of higher learning for high school graduating seniors. Other permanent endowment funds are used to provide awards (plaques and shields) to winners in various agricultural education competitions during the year.”

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1141
IRS990/OtherExpensesGrp/ProgramServicesAmt014000
IRS990/OtherExpensesGrp/ProgramServicesAmt11082
IRS990/OtherExpensesGrp/TotalAmt014000
IRS990/OtherExpensesGrp/TotalAmt12602
IRS990/OtherExpensesGrp/TotalAmt21082
IRS990/OtherExpensesGrp/TotalAmt3141
IRS990/OtherLiabilitiesGrp/BOYAmt0202
IRS990/OtherLiabilitiesGrp/EOYAmt05651
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0614
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0614
IRS990/OtherSalariesAndWagesGrp/TotalAmt01228
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt050
IRS990/PayrollTaxesGrp/ProgramServicesAmt050
IRS990/PayrollTaxesGrp/TotalAmt0100
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JESSE H MARTIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/Desc0FUNDRAISING REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt011084
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt011084
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt037689
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt031200
IRS990/PYInvestmentIncomeAmt021557
IRS990/PYOtherExpensesAmt021964
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02972
IRS990/PYRevenuesLessExpensesAmt04093
IRS990/PYSalariesCompEmpBnftPaidAmt04961
IRS990/PYTotalExpensesAmt058125
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt062218
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt033548
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt012850
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01690764
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01874573
IRS990/SavingsAndTempCashInvstGrp/BOYAmt086202
IRS990/SavingsAndTempCashInvstGrp/EOYAmt073519
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt056546
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt037689
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0104523
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0114820
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0196665
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0510243
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt046733
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021557
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09138
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt014447
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0191771
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0283646
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt012850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015818
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02291
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt033931
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt07397
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt02926
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt010323
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt046733
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021557
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09138
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt014447
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0191771
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0283646
IRS990ScheduleA/InvestmentIncomeCYPct00.33770
IRS990ScheduleA/InvestmentIncomePYPct00.27000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01750
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01750
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.66020
IRS990ScheduleA/PublicSupportPY509Pct00.72730
IRS990ScheduleA/PublicSupportTotal509Amt0554497
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt069396
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt040661
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0127738
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0117746
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0198956
IRS990ScheduleA/Total509Grp/TotalAmt0554497
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0116129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt062218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0136876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0132193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0392477
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0839893
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03396643
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt025803
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03599528
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201230
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt024148
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt03378741
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021965
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03396643
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt026605
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt030668
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt03372771
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt039896
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03378741
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08004
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt041930
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt08983
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01474990
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt072176
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt01634161
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0158108
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt062130
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt02269
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01332537
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt023819
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01474990
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt01700
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0122603
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05103
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05103
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0STATE INCOME TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LICENSE PLATE FEES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.63000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS THE CUSTODIAN OF MONEY FROM NOT FOR PROFIT ORGANIZATIONS WITH SIMILAR GOALS AND OBJECTIVES RELATED TO AGRIGULTURAL EDUCATION. FUNDS WERE TO BE INVESTED BY THE ORGANIZATION ALONG WITH ITS OWN TO GAIN A HIGHER RATE OF RETURN THAN THE INDIVIDUAL ORGANIZATIONS COULD ACHIEVE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAINTAINS TWO TYPES OF ENDOWMENT FUNDS. LEAVE A LEGACY FUNDS ARE ENDOWED TO PROVIDE A SCHOLARSHIP TO AN INSTITUTION OF HIGHER LEARNING FOR HIGH SCHOOL GRADUATING SENIORS. OTHER PERMANENT ENDOWMENT FUNDS ARE USED TO PROVIDE AWARDS (PLAQUES AND SHIELDS) TO WINNERS IN VARIOUS AGRICULTURAL EDUCATION COMPETITIONS DURING THE YEAR.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.37000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05103
IRS990ScheduleD/TotalLiabilityAmt05651
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0VIRGINIA FFA MEMBERS ARE INVITED TO PARTICIPATE BY APPLYING FOR SCHOLARSHIPS THAT PROVIDE FUNDING FOR STUDENTS AS THEY LOOK TO FINANCE THEIR TRANSITION INTO A TWO-YEAR OR FOUR YEAR DEGREE PROGRAM. THE FOUNDATION ISSUES THE SCHOLARSHIP MONEY DIRECTLY TO THE ACADEMIC INSITUTION(S) FOR THE BENEFIT OF THE RECIPIENT'S ACCOUNT.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,301,369
Liabilities
$426,796
Net assets
$1,874,573
Revenue
$116,129
Expenses
$82,581
Net income
$33,548
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