Illinois Foundation Future Farmers of America

EIN: 376032081 501(c)(3) Youth Development

Springfield, IL

Total Revenue
$1,323,569
Total Expenses
$954,182
Total Assets
$3,532,577
Net Assets
$3,532,577
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1929
Legal Domicile
IL
Principal Officer
John C Edgar
Phone
2177533328
Tax Period
2024-07-01 to 2025-06-30

Illinois Foundation Future Farmers of America, founded in 1929, is a community nonprofit in the Youth Development sector that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $369K, a strong 28% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,091,340
Program Service Revenue $0
Investment Income $186,638
Other Revenue $45,591
TOTAL REVENUE $1,323,569

Expense Breakdown

Grants Paid $636,695
Salaries & Benefits $0
Fundraising Expenses $12,481
Program Expenses $653,504
Other Expenses $317,487
TOTAL EXPENSES $954,182

Year-over-Year Comparison

2024 2023 Change
Revenue $1,323,569 $1,249,071 +0.1%
Expenses $954,182 $917,382 +0.0%
Net Income $369,387 $331,689 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$169,201
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Hewitt Chair 1.00
Officer Director
$0 $0 $0
Lindsay Croke Vice Chair of Sponsoring C 1.00
Officer Director
$0 $0 $0
Gene Schwarm Vice Chair of Local Collec 1.00
Officer Director
$0 $0 $0
Jamison Mosley Director 1.00
Director
$0 $0 $0
Lindsay Rinkenberger Director 1.00
Director
$0 $0 $0
Zach Shields Director 1.00
Director
$0 $0 $0
Dr Paul Pyrz Director 1.00
Director
$0 $0 $0
Tammie Obermark Director 1.00
Director
$0 $0 $0
Dave Maurer Director 1.00
Director
$0 $0 $0
Ryan Reeverts Director 1.00
Director
$0 $0 $0
Betsy Burgener Director 1.00
Director
$0 $0 $0
Melinda Bunselmeyer Executive Director 1.00
Officer
$0 $0 $100,357
John Edgar Assistant Director 1.00
Officer
$0 $0 $68,844
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,323,569 $954,182 $3,532,577 $369,387
2024 $1,249,071 $917,382 $3,163,190 $331,689
2023 $1,163,865 $863,840 $2,831,501 $300,025
2022 $1,442,983 $811,034 $2,531,476 $631,949
2021 $790,765 $648,257 $1,899,527 $142,508
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