Future Farmers of America and Its State Associations & Local Chapter
Only null% goes to programs Strong reserves Growing revenue
Future Farmers of America and Its State Associations & Local Chapter is a 501(c)(3) organization based in Sleepy Eye, Minnesota, registered in 1945, with $1,058,309 in FY2024 revenue. CharityIndex grades it C+.
21516 230th Ave, Sleepy Eye, MN, 56085 EIN 41-6038238 Since 1945
Revenue (FY2024)
$1.1M
▼ 7.9% vs prior year
Youth median: $163K
Expenses (FY2024)
$870K
Net assets
$874K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Future Farmers of America and Its State Associations & Local Chapter— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Future Farmers of America and Its State Associations & Local Chapter: 12 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Future Farmers of America and Its State Associations & Local Chapter— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Future Farmers of America and Its State Associations & Local Chapter: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 21516 230th Ave, Sleepy Eye, MN, 56085
- City
- Sleepy Eye
- State
- Minnesota
- Category
- Youth Development
- Subcategory
- Youth Development Programs
Financial trends
Revenue grew from $303K (FY2009) to $1.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $117Net assets $874K
Operating margin
17.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$874K
Total liabilities
$117
Net assets
$874K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,058,309▼7.9% | $870,355▼19.8% | $874,104▲90.2% | $874,221▲89.9% | 990 |
| 2023 | $1,148,855▲27.7% | $1,085,602▲47.1% | $459,457▲16.0% | $460,357▲16.2% | 990 |
| 2022 | $899,394▲58.3% | $738,180▲49.8% | $396,204▲68.6% | $396,204▲68.6% | 990 |
| 2021 | $568,184▲51.7% | $492,768▲20.5% | $234,990▲47.3% | $234,990▲47.3% | 990 |
| 2020 | $374,451▼25.2% | $408,946▲0.4% | $159,574▼17.8% | $159,574▼17.8% | 990 |
| 2019 | $500,638▲18.6% | $407,121 | $194,069▲93.0% | $194,069▲93.0% | 990 |
| 2018 | $421,948▼16.3% | $407,093▼12.2% | $100,552▼6.5% | $100,552▼6.5% | 990 |
| 2016 | $503,944▲13.2% | $463,550▼4.0% | $107,587▲60.1% | $107,587▲60.1% | 990 |
| 2015 | $445,038▲4.3% | $482,659▲22.7% | $67,194▼38.2% | $67,194▼38.2% | 990 |
| 2014 | $426,845 | $393,332▲1.6% | $108,793▲111% | $108,793▲111% | 990 |
| 2011 | — | $387,206▲11.7% | $51,670▼47.8% | $51,670▼47.8% | 990 |
| 2010 | — | $346,614▲14.8% | $99,041▲1661% | $99,041▲593% | 990 |
| 2009 | $303,391 | $302,025 | $5,624 | $14,286 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Future Farmers of America and Its State Associations & Local Chapter a legitimate nonprofit?
- Yes. Future Farmers of America and Its State Associations & Local Chapter is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-6038238, based in Sleepy Eye, Minnesota. Donations are tax-deductible.
- What is Future Farmers of America and Its State Associations & Local Chapter's EIN?
- Future Farmers of America and Its State Associations & Local Chapter's Employer Identification Number (EIN) is 41-6038238.
- How much revenue does Future Farmers of America and Its State Associations & Local Chapter report?
- Future Farmers of America and Its State Associations & Local Chapter reported $1,058,309 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Future Farmers of America and Its State Associations & Local Chapter have?
- CharityIndex grades Future Farmers of America and Its State Associations & Local Chapter C+, based on financial health (reserves and operating margin).
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Data for Future Farmers of America and Its State Associations & Local Chapter (EIN 41-6038238) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.