Illinois Foundation Future Farmers of America

Nonprofit profile at a glance

EIN
376032081
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Springfield, IL, USA
Phone
2177533328
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development - Agricultural

Reported finances

Revenue
$1,323,569
Expenses
$954,182
Assets
$3,532,577
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • Melinda Bunselmeyer (Executive Director)

Highest reported compensation

  • Melinda Bunselmeyer (Executive Director): $100,357 total reported compensation
  • John Edgar (Assistant Director): $68,844 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The objectives and purposes of the Illinois Foundation FFA, Inc, are to receive by request, devise, gift, or otherwise, either absolute or in trust for any of its purposes, any property real or personal, fund or no fund, withoutlimitation as to amount or value to convey such property and to invest or reinvest any principal, and to deal with and expand the income and/or principal of the Corporation for such education activities and in such a manner as in the judgement of the Board of Trustees will stimulate and promote the best interests of students and formerstudents of agricultural education on a local, sectional, or state basis.

What it reported doing in 2024

Awards and plaques for recognition of High School vocational agricultural students for achievements. student officer expenses for travel to conduct training schools, chapter visits, and State office leadership meetings for over 42,000 members.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 88
  • Accountability: 77
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.5%; rating input score 57
  • Program expense ratio: 68.5%; rating input score 68
  • Fundraising efficiency: $87.44 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 95.3%; rating input score 95; 42nd 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: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.9%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 3.7; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -2.1% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 56.5% of revenue deployed · 68.5% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $654K in reported program spending
  • Leadership: top reported pay $100K · 13 people listed
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 9 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.