Mississippi FFA Foundation INC

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To provide leadership training opportunities for students and to promote the development and improvement of the communitys educational, agricultural, and moral welfare

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $30K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $586K in investments, Pt X · Ln 11–13
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$240
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$432K
+80% vs prior year
Spent
$251K
To programs
80%
Net assets
$720K
By yearFY2020–FY2025
Revenue
$432K
FY2025▲ +80%
Tap a bar for its year
Revenue by fiscal year
FY2020$264K
FY2021$243K
FY2022$190K
FY2023$209K
FY2024$240K
FY2025$432K
Expenses
$251K
FY2025▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$230K
FY2021$189K
FY2022$251K
FY2023$268K
FY2024$208K
FY2025$251K
Net assets
$720K
FY2025▲ +42%
Tap a bar for its year
Net assets by fiscal year
FY2020$530K
FY2021$600K
FY2022$393K
FY2023$435K
FY2024$508K
FY2025$720K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $200K Management & general 20% · $51K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Mississippi FFA Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers students with leadership training and improves community education, agriculture, and moral well-being.

Questions for Mississippi FFA Foundation INC

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1 program · $200K · in their own filed words · FY2024
01

To provide leadership training opportunities for students and to promote the development and improvement of the communitys educational, agricultural, and moral welfare.

$200Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$432K
Ln 12
Gifts and grantsLn 1h$407K
Investment incomeLn 3$15K
Other incomeLn 4–11$10K
Money outPt IX
$251K
Ln 25
Programscol B$200K
Managementcol C$51K
Owns and owesPt X
$720K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$720K
LiabilitiesLn 26$240
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$407K
Government grantsLn 1e$219K
Investment incomeLn 3$15K
Other incomeLn 4–11$10K
Gains on assetsLn 7$3K
Total revenueLn 12$432K
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
InvestmentsLn 11–13$586K
Land, buildings, equipmentLn 10c$59K
Total assetsLn 16$720K
LiabilitiesLn 26$240
Net assetsLn 32$720K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$67K$75K
InvestmentsLn 11–13$405K$586K
Land, buildings, equipmentLn 10c$37K$59K
Total assetsLn 16$509K$720K
LiabilitiesLn 26$846$240
Net assetsLn 32$508K$720K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K$43K$11K
Payroll taxesLn 10$5K$4K$906
Accounting feesLn 11c$5K$4K$1K
Investment management feesLn 11f$6K$4K$1K
Office expensesLn 13$2K$2K$490
Information technologyLn 14$1K$1K
OccupancyLn 16$36K$29K$7K
TravelLn 17$3K$2K$503
Conferences, conventions and meetingsLn 19$26K$20K$5K
InterestLn 20$347$347
InsuranceLn 23$25K$20K$5K
Other expenses (24a–d)Ln 24$87K$72K$15K
All other expensesLn 24e$3K$3K
Total functional expensesLn 25$251K$200K$51K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 26, 2026 $432K$251K$181K$720K 990 PDF
FY2024Filed with the IRS May 14, 2025 $240K$208K$32K$508K 990 PDF
FY2023Filed with the IRS May 15, 2024 $209K$268K−$59K$435K 990 PDF
FY2022Filed with the IRS Nov 10, 2022 $190K$251K−$62K$393K 990 PDF
FY2021Filed with the IRS Sep 15, 2022 $243K$189K$54K$600K 990 PDF
FY2020Filed with the IRS Jan 7, 2021 $264K$230K$34K$530K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $432,255 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $219,035$406,653
I-9 Program service revenue$0
I-10 Investment incomePrior year $20,502$15,368
I-11 Other revenue$10,234
I-12 Total revenuePrior year $239,537$432,255
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $62,444$58,349
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $145,570$192,659
I-18 Total expensesPrior year $208,014$251,008
I-19 Revenue less expensesPrior year $31,523$181,247
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $432,255 across 8 lines filed
VIII-1e Government grants$219,355
VIII-1f All other contributions, gifts and grants$187,298
VIII-1h Total contributions, gifts and grants$406,653
VIII-3 Investment incomeRelated to mission $11,995$11,995
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,373$3,373
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,234$10,234
VIII-12 Total revenueRelated to mission $25,602 · Unrelated business $0 · Excluded from tax $0$432,255
Part IX · Statement of functional expenses $251,008 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $43,056 · Management $10,764$53,820
IX-10 Payroll taxesPrograms $3,623 · Management $906$4,529
IX-11c Accounting feesPrograms $4,282 · Management $1,070$5,352
IX-11f Investment management feesPrograms $4,423 · Management $1,106$5,529
IX-13 Office expensesPrograms $1,961 · Management $490$2,451
IX-14 Information technologyManagement $1,474$1,474
IX-16 OccupancyPrograms $28,645 · Management $7,161$35,806
IX-17 TravelPrograms $2,013 · Management $503$2,516
IX-19 Conferences, conventions and meetingsPrograms $20,409 · Management $5,102$25,511
IX-20 InterestManagement $347$347
IX-23 InsurancePrograms $19,696 · Management $4,924$24,620
IX-24 Other expenses (24a–d)Programs $71,985 · Management $14,546$86,531
IX-24e All other expensesManagement $2,522$2,522
IX-25 Total functional expensesPrograms $200,093 · Management $50,915 · Fundraising $0$251,008
Part X · Balance sheet $719,939 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $66,880$74,875
X-10c Land, buildings and equipment, netStart of year $37,117$59,108
X-11 Publicly traded securitiesStart of year $404,617$585,956
X-16 Total assetsStart of year $508,614$719,939
X-25 Other liabilitiesStart of year $846$240
X-26 Total liabilitiesStart of year $846$240
X-27 Net assets without donor restrictionsStart of year $507,768$719,699
X-32 Total net assets or fund balancesStart of year $507,768$719,699
X-33 Total liabilities and net assetsStart of year $508,614$719,939
Part XI · Reconciliation of net assets $719,699 net assets at year end
XI-1 Total revenue$432,255
XI-2 Total expenses$251,008
XI-3 Revenue less expenses$181,247
XI-4 Net assets at start of year$507,768
XI-5 Net unrealized gains (losses) on investments$30,686
XI-9 Other changes in net assets−$2
XI-10 Net assets at end of year$719,699

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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