Future Farmers of America State Associations & Local Chapter
Nonprofit profile at a glance
- EIN
- 474482981
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2025
- Location
- Joice, IA, USA
- Phone
- 6415883520
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $34,426
- Expenses
- $36,763
- Assets
- $59,494
- Liabilities
- $475
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Michael Johnson (President)
- Kendra Hanson (Vice-President)
People named in this filing
- Michael Johnson (President)
- Kendra Hanson (Vice-President)
- Mary Nell Fullerton (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
LAKE MILLS FFA ALUMNI CHAPTER CONSTITUTION AND BYLAWS-Article I Name: The name of the chapter shall be called the Lake Mills FFA Alumni. It is a chartered local affiliate of the Iowa FFA Alumni Association that in turn is characterized by the National FFA Alumni Association. Article II Objectives: The object of this chapter shall be to support and promote the FFA, FFA activities and agricultural education on local, state, and national levels; to provide engagement opportunities to former FFA members and supporters of FFA and agricultural education; to promote greater knowledge of the agricultural industry and support education in agriculture; to cooperate with the local FFA chapter and FFA at the state and national level; to promote and maintain an appreciation of the American free enterprise system; and to promote the personal development aspect of FFA.
What it reported doing in 2025
The Alumni Chapter hosted an information dinner for all current & perspective FFA members to explain mentorship & funding available for SAE projects as well as requirements needed to apply for scholarships. The local chapter is now number 40 members & very active with contest work
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 82
- Sustainability: 42
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.2%; rating input score 89
- Program expense ratio: 83.2%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -6.8%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 1.62; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 17.2% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 15.9% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 5.9% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 89.2% of revenue deployed · 83.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $31K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- 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.
- Moderate — Sustainability: Operating margin scored 32/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.