Michigan Ffa Foundation

Nonprofit profile at a glance

EIN
921757324
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
East Lansing, MI, USA
Phone
8104763851
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Youth Development - Agricultural

Official website

Reported finances

Revenue
$4,552,575
Expenses
$334,725
Assets
$4,515,468
Liabilities
$308

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

Leadership & pay

20 people listed

Executive titles in this filing

  • ALEXANDRIA SCHNABELRAUCH (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ALEXANDRIA SCHNABELRAUCH (EXECUTIVE DIRECTOR): $110,000 total reported compensation

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

Overview

Mission

To impact youth leadership development in mi as it relates to future farmers of america & agriscience education initiatives, supporting leadership development career success & self-esteem, leading to a lifetime of personal success for students across the state.

What it reported doing in 2024

During the fiscal year Michigan ffa foundation fully funded the Michigan ffa association's request by providing funding for a full year of programming for our 10,000 Michigan ffa members. The foundation successfully co-hosted a golf outing with Michigan corn as well as held an engaging vip social at the 97th Michigan ffa state convention.

Operating model

Revenue model
Grant-funded. 88% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 69% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. 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: 38
  • Transparency & Controls: 94
  • Accountability: 90
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 7.8%; rating input score 8
  • Program expense ratio: 73.3%; rating input score 73
  • Fundraising efficiency: $86.9 raised per $1 spent on fundraising; rating input score 85; 85th 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; 72nd 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: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 92.6%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 13.49; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 32.9%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 108.8% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 133.3% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 134.9% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 7.8% of revenue deployed · 73.3% of spending went to programs
  • Governance: 19 of 19 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $246K in reported program spending
  • Leadership: top reported pay $110K · 20 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 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.

  • High — Financial Efficiency: Mission deployment rate scored 8/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.