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Vale FFA Scholarship Foundation FY2022 filing

Tax-deductible

Vale, OR501(c)(3)Since 2001Education EIN 93-1314079Revenue $42K in FY2022Latest return filed Apr 27, 2026

On file with the IRSVale, ORTax-exempt since Aug 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To create and enhance post-secondary education opportunities through scholarships.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
6 of 6
filings with a surplus
Average surplus $21K a year · 46% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $617K in investments, Pt X · Ln 11–13
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
-57% vs prior year
Spent
$26K
To programs
95%
Net assets
$632K
By yearFY2020–FY2025
Revenue
$42K
FY2022▼ -57%
Tap a bar for its year
Revenue by fiscal year
FY2020$11K
FY2021$97K
FY2022$42K
FY2023$39K
FY2024$47K
FY2025$31K
Expenses
$26K
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$9K
FY2021$23K
FY2022$26K
FY2023$24K
FY2024$43K
FY2025$17K
Net assets
$632K
FY2022▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$670K
FY2021$772K
FY2022$632K
FY2023$767K
FY2024$916K
FY2025$1.1M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2001.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $25K Management & general 5% · $1K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
John Braese
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Teri Doran
Board Member
$0Pt VII · Sec A
Bob Hyde
Board Member
$0Pt VII · Sec A
Kortney Masmeyer
Board Member
$0Pt VII · Sec A
Marvin Rempel
Board Member
$0Pt VII · Sec A
Helen Thomas
Vice Preside
$0Pt VII · Sec A
See Vale FFA Scholarship Foundation 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

Provides scholarships to create and improve college education chances.

Questions for Vale FFA Scholarship Foundation

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1 program · $25K · in their own filed words · FY2022
01

To create and enhance post-secondary education opportunities through scholarships.

$25Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$42K
Ln 12
Gifts and grantsLn 1h$32K
Investment incomeLn 3$10K
Money outPt IX
$26K
Ln 25
Programscol B$25K
Managementcol C$1K
Owns and owesPt X
$632K
net assets · Ln 32
Cash and savingsLn 1–2$15K
Total assetsLn 16$632K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Government grantsLn 1e$32K
Investment incomeLn 3$10K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$15K
Cash and savings togetherLn 1–2$15K
InvestmentsLn 11–13$617K
Total assetsLn 16$632K
LiabilitiesLn 26$0
Net assetsLn 32$632K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$23K$15K
InvestmentsLn 11–13$750K$617K
Total assetsLn 16$772K$632K
LiabilitiesLn 26$0$0
Net assetsLn 32$772K$632K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$967$967
Advertising and promotionLn 12$715$715
Office expensesLn 13$1K$1K
InsuranceLn 23$250$250
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$50$50
Total functional expensesLn 25$26K$25K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Apr 27, 2026 $31K$17K$14K$1.1M 990 PDF
FY2024Filed with the IRS Mar 27, 2025 $47K$43K$4K$916K 990 PDF
FY2023Filed with the IRS May 13, 2024 $39K$24K$15K$767K 990 PDF
FY2022 ViewingFiled with the IRS Oct 27, 2023 $42K$26K$15K$632K 990 PDF
FY2021Filed with the IRS May 10, 2022 $97K$23K$73K$772K 990 PDF
FY2020Filed with the IRS Jul 20, 2021 $11K$9K$1K$670K 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 FY2022 990 (6 parts)
Part I · Summary $41,937 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,057$31,937
I-9 Program service revenue$0
I-10 Investment incomePrior year $44,479$10,000
I-11 Other revenue$0
I-12 Total revenuePrior year $96,536$41,937
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,304$26,444
I-18 Total expensesPrior year $23,304$26,444
I-19 Revenue less expensesPrior year $73,232$15,493
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $41,937 across 4 lines filed
VIII-1e Government grants$31,937
VIII-1h Total contributions, gifts and grants$31,937
VIII-3 Investment incomeRelated to mission $10,000$10,000
VIII-12 Total revenueRelated to mission $10,000$41,937
Part IX · Statement of functional expenses $26,444 across 6 lines filed
IX-11c Accounting feesManagement $967$967
IX-12 Advertising and promotionPrograms $715$715
IX-13 Office expensesPrograms $1,041$1,041
IX-23 InsuranceManagement $250$250
IX-24 Other expenses (24a–d)Programs $23,421$23,421
IX-24e All other expensesManagement $50$50
IX-25 Total functional expensesPrograms $25,177 · Management $1,267 · Fundraising $0$26,444
Part X · Balance sheet $632,348 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $22,590$15,493
X-11 Publicly traded securitiesStart of year $749,727$616,855
X-16 Total assetsStart of year $772,317$632,348
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $772,317$632,348
X-32 Total net assets or fund balancesStart of year $772,317$632,348
X-33 Total liabilities and net assetsStart of year $772,317$632,348
Part XI · Reconciliation of net assets $632,348 net assets at year end
XI-1 Total revenue$41,937
XI-2 Total expenses$26,444
XI-3 Revenue less expenses$15,493
XI-4 Net assets at start of year$772,317
XI-5 Net unrealized gains (losses) on investments−$155,462
XI-10 Net assets at end of year$632,348

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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