Future Farmers of America and Its State Associations & Local Chapters

Nonprofit profile at a glance

EIN
830261239
IRS 990 coverage
2012–2018
Forms available
Form 990 2018
Location
Cheyenne, WY, USA
Phone
8663333838
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development - Agricultural

Official website

Reported finances

Revenue
$135,879
Expenses
$157,563
Assets
$434,535
Liabilities
$500

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

8 people listed

Highest reported compensation

  • OAKLEE ANDERSON (EXECUTIVE DI): $48,739 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Wyoming ffa foundation exists to support Wyoming ffa chapters and promote Wyoming ffa, Wyoming's youth in agriculture, and ensure the programs ability to continue by making a positive difference in the lives of students by developing their potential for premier leadership, personal growth, and career success through agricultural education.

What it reported doing in 2018

The Wyoming ffa foundation exists to support Wyoming ffa and ensure the program's ability to continue promotion of youth in agriculture through awards and scholarships. The Wyoming ffa foundation provides cash awards to the winners of various statewide ffa competitions (career development events, speaking contests, regional/star farmers, proficiency contests). The Wyoming ffa foundation also awards college and event-specific scholarships to Wyoming ffa members.

Operating model

Revenue model
Donor-supported. 94% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 68% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 74
  • Sustainability: 36
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93%; rating input score 93
  • Program expense ratio: 79.9%; rating input score 80
  • Fundraising efficiency: $6.76 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -16%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 2.76; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 30.9%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -6.3% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 93% of revenue deployed · 79.9% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $126K in reported program spending
  • Leadership: top reported pay $49K · 8 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2012 to 2018
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.