Future Farmers of America

Nonprofit profile at a glance

EIN
540524844
IRS 990 coverage
2009–2025
Forms available
Form 990 2025, Form 990-EZ 2024, Form 990-T 2025, Form 990-N 2025
Location
Indianapolis, IN, USA
Phone
3178024306
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Youth Development - Agricultural

Official website

Reported finances

Revenue
$38,135,104
Expenses
$34,195,419
Assets
$40,642,126
Liabilities
$5,434,516

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • SCOTT STUMP (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • SCOTT STUMP (CHIEF EXECUTIVE OFFICER): $344,242 total reported compensation
  • DAN RILEY (CHIEF FINANCIAL OFFICER): $242,474 total reported compensation
  • MARTIN PETERSON (DIRECTOR, INFORMATION TECH.): $218,197 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

The national ffa organization, governed by a board of directors, charters state associations; provides direction; programmatic materials and support; and hosts the national ffa convention and expo, which draws over 73,000 attendees each october. The Washington leadership conference usually has over 1,600 total participants (including advisors, students, and guests).

Operating model

Revenue model
Other-operating. 61% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 80
  • Accountability: 100
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.2%; rating input score 92
  • Program expense ratio: 80.1%; rating input score 80
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 16th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 76.4%; rating input score 76; 22nd 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; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.3%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.19; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 4.5%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 2.5% per year; rating input score 100; 21st percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 2.3% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 92.2% of revenue deployed · 80.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $27.4M in reported program spending
  • Leadership: top reported pay $344K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $352K reported
  • Consistency: 37 of 38 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2025
  • Contacts: How to reach this organization
  • Money network: 107 filed money-flow records
  • Related organizations: 39 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.