Civic Intelligence

Tennessee Future Farmers of America Foundation Inc.

990 • Fiscal year 2015 • EIN 58-1611161

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 30, 2015

Box 5034 TN Tech UniversityCookeville, TN 38505

(931) 372-6050

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.06x

Higher debt load relative to assets than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.28x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

70th percentile

7.9%

Faster asset growth than 70% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

27th percentile

-6.2%

Faster revenue growth than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$4,923,784

Up $359,323 (+7.9%) from 2014

Net Assets

Up

$4,640,117

Up $372,255 (+8.7%) from 2014

Liabilities

Down

$283,667

Down $12,932 (-4.4%) from 2014

Revenue

Down

$995,440

Down $65,255 (-6.2%) from 2014

Expenses

Up

$623,185

Up $299,581 (+93%) from 2014

Net Income

Down

$372,255

Down $364,836 (-49%) from 2014

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $3,219,213Liabilities 2011: $265,255Net Assets 2011: $2,953,9582011Assets 2012: $3,316,995Liabilities 2012: $247,911Net Assets 2012: $3,069,0842012Assets 2013: $3,806,727Liabilities 2013: $276,456Net Assets 2013: $3,530,2712013Assets 2014: $4,564,461Liabilities 2014: $296,599Net Assets 2014: $4,267,8622014Assets 2015: $4,923,784Liabilities 2015: $283,667Net Assets 2015: $4,640,1172015Assets 2016: $5,102,013Liabilities 2016: $277,490Net Assets 2016: $4,824,5232016Assets 2017: $6,007,275Liabilities 2017: $319,007Net Assets 2017: $5,688,2682017Assets 2018: $7,609,742Liabilities 2018: $334,304Net Assets 2018: $7,275,4382018Assets 2019: $7,591,444Liabilities 2019: $404,310Net Assets 2019: $7,187,1342019Assets 2020: $8,045,342Liabilities 2020: $426,464Net Assets 2020: $7,618,8782020Assets 2021: $9,776,114Liabilities 2021: $536,875Net Assets 2021: $9,239,2392021Assets 2022: $8,783,000Liabilities 2022: $527,660Net Assets 2022: $8,255,3402022Assets 2023: $9,821,469Liabilities 2023: $450,196Net Assets 2023: $9,371,2732023Assets 2024: $14,849,136Liabilities 2024: $453,067Net Assets 2024: $14,396,0692024

Highlighted filing

2015

Assets$4,923,784
Liabilities$283,667
Net Assets$4,640,117

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $411,2342011Expenses 2012: $756,7212012Revenue 2013: $934,456Expenses 2013: $473,268Net Income 2013: $461,1882013Revenue 2014: $1,060,695Expenses 2014: $323,604Net Income 2014: $737,0912014Revenue 2015: $995,440Expenses 2015: $623,185Net Income 2015: $372,2552015Revenue 2016: $896,121Expenses 2016: $566,062Net Income 2016: $330,0592016Revenue 2017: $1,016,781Expenses 2017: $615,292Net Income 2017: $401,4892017Revenue 2018: $2,728,072Expenses 2018: $1,223,930Net Income 2018: $1,504,1422018Revenue 2019: $1,082,548Expenses 2019: $1,191,028Net Income 2019: -$108,4802019Revenue 2020: $1,002,183Expenses 2020: $481,962Net Income 2020: $520,2212020Revenue 2021: $1,153,116Expenses 2021: $657,073Net Income 2021: $496,0432021Revenue 2022: $1,550,962Expenses 2022: $946,942Net Income 2022: $604,0202022Revenue 2023: $1,889,487Expenses 2023: $1,208,853Net Income 2023: $680,6342023Revenue 2024: $5,524,107Expenses 2024: $1,168,080Net Income 2024: $4,356,0272024

Highlighted filing

2015

Revenue$995,440
Expenses$623,185
Net Income$372,255
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 30, 2015
Return Version
2014v5.0
Gross Receipts
$995,440
Mission and Program Overview

Mission

To support agricultureal education in tennessee.

To support agricultural education in tennessee.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,211,396$4,682,115▲ $470,719
Savings and Temporary Cash Investments$269,070$147,631▼ $121,439
Investments Other Securities$76,351$84,825▲ $8,474
Cash and Non-Interest-Bearing Accounts$3,452$4,666▲ $1,214
Prepaid Expenses and Deferred Charges$515$149▼ $366
Total Assets$4,564,461$4,923,784▲ $359,323
Other Assets Total$3,677$4,398▲ $721
Liabilities
Other Liabilities$294,662$281,423▼ $13,239
Accounts Payable and Accrued Expenses$1,937$2,244▲ $307
Total Liabilities$296,599$283,667▼ $12,932
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,456,153$3,741,998▲ $285,845
Unrestricted Net Assets$811,709$898,119▲ $86,410
Total Net Assets Fund Balance$4,267,862$4,640,117▲ $372,255
Total Liabilities and Net Assets / Fund Balance$4,564,461$4,923,784▲ $359,323
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Ben BylerChairman
Mr Phillip BakerVice Chairma
Dr John ToddBoard Member
Mr Brett ButlerBoard Member
Mr Fred CherryBoard Member
Mr Joe HuffineBoard Member
Mr Keith FowlerBoard Member
Mr Matt NealBoard Member
Mr Shane WilliamsBoard Member
Mr Steven GassBoard Member
Mr Tom WomackBoard Member
Mrs Danielle JohnsonBoard Member
Ms Chelsea SandersBoard Member
Ms Laura MossBoard Member
Mr Andy NashSecretary
Mr Tim ChowningTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$701,588
Program Service Revenue
$67,434
Investment Income
$226,418
Other Revenue
$0
All Other Contributions
$396,588
Change in Net Assets
$372,255

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$38,387
Total Noncash Contributions1$38,387

Audited Revenue Reconciliation

Revenue per Audited Statements
$995,440
Total Revenue per Audited Statements
$995,440
Total Revenue per Form 990
$995,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$512,720
Salaries, Compensation, and Employee Benefits$110,465
Total Fundraising Expense$3,517
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,665$19,916-$99,581
Conferences and Meetings$70,674--$70,674
Other Expenses$59,627$95,905-$59,627
All Other Expenses$9,641$29,114$3,517$42,272
Office Expenses$15,884$796-$16,680
Travel$16,198--$16,198
Payroll Taxes$6,094$1,524-$7,618
Fees for Services Accounting-$5,456-$5,456
Advertising$3,300--$3,300
Other Employee Benefits$2,613$653-$3,266
Total Functional Expenses$466,304$153,364$3,517$623,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$623,185
Total Expenses per Audited Statements$623,185
Total Expenses per Form 990$623,185
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
Ffa Alumni Payable$281,423
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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, Page 6, Part VI, Line 11B

Federal form 990 is reviewed by board upon completion.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Tennessee Ffa Foundation
EIN
58-1611161
Phone
9313726050
Address
BOX 5034 TN TECH UNIVERSITY, COOKEVILLE, TN 38505

Signing Officer

Name
Chelsea Rose
Title
Executive Director
Phone
9313726050
Signed
2015-11-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chelsea Rose
Formed
1984
Legal Domicile
Tn
Voting Board Members
16
Independent Board Members
16
Employees
4

Preparer

Firm
Tamara L Beckman CPA
Address
6 S MADISON AVE, COOKEVILLE, TN 38501-3357
Preparer
Tamara L Beckman
Phone
9315265489
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IRS990/OtherExpensesGrp/TotalAmt1111795
IRS990/OtherExpensesGrp/TotalAmt273889
IRS990/OtherExpensesGrp/TotalAmt359627
IRS990/OtherLiabilitiesGrp/BOYAmt0294662
IRS990/OtherLiabilitiesGrp/EOYAmt0281423
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt019916
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt079665
IRS990/OtherSalariesAndWagesGrp/TotalAmt099581
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01524
IRS990/PayrollTaxesGrp/ProgramServicesAmt06094
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0515
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IRS990/PrincipalOfficerNm0CHELSEA ROSE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CONFERENCE
IRS990/ProgramServiceRevenueGrp/Desc1REBATE PROGRAM
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IRS990/ProgramServiceRevenueGrp/ExclusionAmt128131
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128131
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IRS990/PYContributionsGrantsAmt0500340
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0541679
IRS990/PYOtherExpensesAmt0267910
IRS990/PYProgramServiceRevenueAmt018676
IRS990/PYRevenuesLessExpensesAmt0737091
IRS990/PYSalariesCompEmpBnftPaidAmt055694
IRS990/PYTotalExpensesAmt0323604
IRS990/PYTotalRevenueAmt01060695
IRS990/ReconcilationRevenueExpnssAmt0372255
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0269070
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0147631
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0true
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt054497
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0TN FFA ASSOCIATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt054497
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0623185
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0281423
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FFA ALUMNI PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0995440
IRS990ScheduleD/TotalExpensesPerForm990Amt0623185
IRS990ScheduleD/TotalLiabilityAmt0281423
IRS990ScheduleD/TotalRevenuePerForm990Amt0995440
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0623185
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
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IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt038387
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FEDERAL FORM 990 IS REVIEWED BY BOARD UPON COMPLETION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03456153
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03741998
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04564461
IRS990/TotalAssetsEOYAmt04923784
IRS990/TotalAssetsGrp/BOYAmt04564461
IRS990/TotalAssetsGrp/EOYAmt04923784
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0701588
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03517
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0153364
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0466304
IRS990/TotalFunctionalExpensesGrp/TotalAmt0623185
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0296599
IRS990/TotalLiabilitiesEOYAmt0283667
IRS990/TotalLiabilitiesGrp/BOYAmt0296599
IRS990/TotalLiabilitiesGrp/EOYAmt0283667
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04267862
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04640117
IRS990/TotalProgramServiceExpensesAmt0466304
IRS990/TotalProgramServiceRevenueAmt067434
IRS990/TotalRevenueGrp/ExclusionAmt0293852
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0995440
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04564461
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04923784
IRS990/TravelGrp/ProgramServicesAmt016198
IRS990/TravelGrp/TotalAmt016198
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0811709
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0898119

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$14.8$0.45$14.4$5.52$1.17$4.36
2023Detailed filing. Detailed filing data is available for this year.$9.82$0.45$9.37$1.89$1.21$0.68
2022Detailed filing. Detailed filing data is available for this year.$8.78$0.53$8.26$1.55$0.95$0.60
2021Detailed filing. Detailed filing data is available for this year.$9.78$0.54$9.24$1.15$0.66$0.50
2020Detailed filing. Detailed filing data is available for this year.$8.05$0.43$7.62$1.00$0.48$0.52
2019Detailed filing. Detailed filing data is available for this year.$7.59$0.40$7.19$1.08$1.19$0.11
2018Detailed filing. Detailed filing data is available for this year.$7.61$0.33$7.28$2.73$1.22$1.50
2017Detailed filing. Detailed filing data is available for this year.$6.01$0.32$5.69$1.02$0.62$0.40
2016Detailed filing. Detailed filing data is available for this year.$5.10$0.28$4.82$0.90$0.57$0.33
2015Detailed filing. Detailed filing data is available for this year.$4.92$0.28$4.64$1.00$0.62$0.37
2014Detailed filing. Detailed filing data is available for this year.$4.56$0.30$4.27$1.06$0.32$0.74
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.28$3.53$0.93$0.47$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.25$3.07$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.27$2.95$0.41