Nonprofit · EIN 41-6038263
THE MINNESOTA FFA FOUNDATION INCORPORATED
Tax-exempt · PLAINVIEW, MN 55964
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,040,684 | $751,970 | $288,714 | $4,414,265 | $23,097 | $4,391,168 |
| December 31, 2023 | 990 | $692,590 | $759,713 | -$67,123 | $3,830,402 | $9,503 | $3,820,899 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $780,598
- Program service revenue
- $0
- Investment income
- $261,201
- Net gain from sales of assets
- $148,113
- Net income from fundraising events
- -$1,115
- Other revenue
- -$1,115
Expenses
- Grants and similar amounts paid
- $116,837
- Compensation of officers, directors and key employees
- $93,771
- Other salaries and wages
- $103,143
- Salaries, compensation and benefits (total)
- $209,624
- Professional fundraising fees
- $0
- Accounting fees
- $46,889
- Occupancy
- $3,324
- Travel
- $14,350
- Program services (functional)
- $547,925
- Management and general (functional)
- $157,815
- Fundraising (functional)
- $46,230
Balance sheet and other
- Total assets, start of year
- $3,830,402
- Total assets, end of year
- $4,414,265
- Total liabilities, end of year
- $23,097
- Net assets, end of year
- $4,391,168
- Publicly traded securities
- $3,661,191
- Net assets without donor restrictions
- $1,419,982
- Net assets with donor restrictions
- $2,971,186
- Gross receipts
- $3,375,218
- Employees
- 2
- Volunteers
- 35
- Year formed
- 1953
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAL AARSVOLD | EXECUTIVE DIRECTOR Officer | 40 | $93,771 |
| JENNY DOERING | CHAIR Trustee or director, Officer | 2 | $0 |
| STACI MARTIN | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| PAT DINGELS | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| JULIE TESCH | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| PETER GRUNDMAN | TREASURER Trustee or director, Officer | 2 | $0 |
| PATRICE BAILEY | SECRETARY Trustee or director, Officer | 2 | $0 |
| ERIN LARSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| GARY SLOAN | EXEC. SPONSOR BOARD Trustee or director, Officer | 2 | $0 |
| CHRISTA WILLIAMSON | DIRECTOR Trustee or director | 2 | $0 |
| NICK MILBRANDT | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN STOEL | DIRECTOR Trustee or director | 2 | $0 |
| LARA DURBEN | DIRECTOR Trustee or director | 2 | $0 |
| JOE SERBUS | DIRECTOR Trustee or director | 2 | $0 |
| JASMINE STRINGER | DIRECTOR Trustee or director | 2 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY WERTISH | DIRECTOR Trustee or director | 2 | $0 |
| GAIL DONKERS | DIRECTOR Trustee or director | 2 | $0 |
| NATHAN PURRINGTON | DIRECTOR Trustee or director | 2 | $0 |
| LISA FISCHER | DIRECTOR Trustee or director | 2 | $0 |
| MARK JIRIK | DIRECTOR Trustee or director | 2 | $0 |
| BRUCE MATHIOWETZ | DIRECTOR Trustee or director | 2 | $0 |
| LINDSEY BROCKBERG | DIRECTOR Trustee or director | 2 | $0 |
| PAULA MOHR | DIRECTOR Trustee or director | 2 | $0 |
| VALERIE VELDE | DIRECTOR Trustee or director | 2 | $0 |
| MAT VAUPEL | DIRECTOR Trustee or director | 2 | $0 |
| TRUDY WASTWEET | DIRECTOR Trustee or director | 2 | $0 |
| TJ BROWN | DIRECTOR Trustee or director | 2 | $0 |
| ANDREW CANNON | DIRECTOR Trustee or director | 2 | $0 |
| SUE SCHATZ | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VAL AARSVOLD | EXECUTIVE DIRECTOR Officer | 40 | $96,851 |
| JULIE TESCH | CHAIR Trustee or director, Officer | 2 | $0 |
| JENNY DOERING | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| PAT DINGELS | PAST CHAIR Trustee or director, Officer | 2 | $0 |
| STACI MARTIN | TREASURER Trustee or director, Officer | 2 | $0 |
| PATRICE BAILEY | SECRETARY Trustee or director, Officer | 2 | $0 |
| GARY SLOAN | EXEC. BOARD SPONSOR Trustee or director, Officer | 2 | $0 |
| BRUCE MATHIOWETZ | DIRECTOR Trustee or director | 2 | $0 |
| CHRISTA WILLIAMSON | DIRECTOR Trustee or director | 2 | $0 |
| ERIN LARSON | DIRECTOR Trustee or director | 2 | $0 |
| GARY WERTISH | DIRECTOR Trustee or director | 2 | $0 |
| JASMINE STRINGER | DIRECTOR Trustee or director | 2 | $0 |
| JOE SERBUS | DIRECTOR Trustee or director | 2 | $0 |
| LARA DURBEN | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN STOEL | DIRECTOR Trustee or director | 2 | $0 |
| MARK JIRIK | DIRECTOR Trustee or director | 2 | $0 |
| MAT VAUPEL | DIRECTOR Trustee or director | 2 | $0 |
| NATHAN PURRINGTON | DIRECTOR Trustee or director | 2 | $0 |
| PAULA MOHR | DIRECTOR Trustee or director | 2 | $0 |
| PETER GRUNDMAN | DIRECTOR Trustee or director | 2 | $0 |
| VALERIE VELDE | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 365, PLAINVIEW, MN 55964-0365
- Principal officer (990 for 2024)
- VAL AARSVOLD, PO BOX 365, PLAINVIEW, MN 55964
- Signed the 990
- VAL AARSVOLD, EXECUTIVE DIRECTOR
- Phone
- (507) 534-0188
- Website
- WWW.MNFFAFOUNDATION.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE FINANCIAL SUPPORT TO FUTURE FARMERS OF AMERICA (FFA) PROGRAMS AND STUDENTS IN MINNESOTA.
Program accomplishments
- STATE CONVENTION:SUPPORT OF STATE CONVENTION PREPARATION, EVENT AND EVENT FOLLOW-UP. SUPPORT OF THE KEYSTONE EVENT FOR MINNESOTA FFA AS DIRECTED TOWARDS FACILITY CHARGES, STUDENT AWARDS, TECHNOLOGY, CAREER DEVELOPMENT EVENT MATERIALS, SPEAKERS AND CAREER FAIR EXPENSES. 5800 STUDENTS ATTENDED THE STATE CONVENTION IN 2024.Expenses $180,385
- YOUTH LEADERSHIP:SUPPORT TO GROW LEADERSHIP. USUALLY CONDUCTED AT THE CHAPTER, REGIONAL OR STATE LEVEL. NEARLY $30,000 IS PROVIDED ANNUALLY TO SUPPORT THE MINNESOTA STATE FFA LEADERSHIP CAMPS AND CONFERENCES, INCLUDING STATE GREENHAND LEADERSHIP CAMP, STATE LEADERSHIP CAMP FOR CHAPTER LEADERS AND AG POLICY EXPERIENCE, BLAST OFF, NLCSO, POWER, FFA DAY AT THE CAPITAL AND ROLO.Expenses $166,285
- SCHOLARSHIPS:STUDENTS ARE ENTRUSTED TO USE THESE FUNDS TO ADVANCE THEIR PROJECT OR EDUCATION. VARYING AMOUNTS IN SCHOLARSHIP FUNDS ARE PROVIDED TO UNIVERSITY STUDENTS MAJORING IN AGRICULTURAL EDUCATION. SUPPORT IS PROVIDED TO STUDENTS PARTICIPATING IN THE WASHINGTON LEADERSHIP CONFERENCE AS WELL AS STUDENTS STUDYING INTERNATIONAL AGRICULTURE. ALSO THOUSANDS OF DOLLARS ARE PROVIDED ANNUALLY TO PROVIDE NEW FFA MEMBERS WITH OFFICIAL FFA JACKETS. 466 STUDENTS RECEIVED JACKETS IN 2024Expenses $116,837 · grants $116,837
- TEACHER PREPARATION:SUPPORT GIVEN TO ASSIST IN THE DEVELOPMENT OF NEW TEACHERS OR EXPERIENCED TEACHERS. UNDER THE DIRECTION AND COORDINATION OF THE MINNESOTA ASSOCIATION OF AGRICULTURAL EDUCATORS, TEACHERS ARE PROVIDED OPPORTUNITIES TO ATTEND WORKSHOPS AND LEARN FROM OTHERS IN THE PROFESSION. THIS SUPPORT OF TEACHERS TAKES PLACE AT THEIR AGTECH AND SUMMER CONFERENCES.Expenses $84,418
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6038263
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99Z)
- Assets (IRS master file)
- $4,414,265
- Income (IRS master file)
- $3,375,218
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,040,684 | $751,970 | $4,414,265 | IRS |
| 990 | December 2023 | $692,590 | $759,713 | $3,830,402 | XML |
| 990 | December 2022 | $559,649 | $512,836 | $3,710,013 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6038263).
Questions about THE MINNESOTA FFA FOUNDATION INCORPORATED
- What is the EIN of THE MINNESOTA FFA FOUNDATION INCORPORATED?
- The employer identification number (EIN) of THE MINNESOTA FFA FOUNDATION INCORPORATED is 41-6038263.
- Is THE MINNESOTA FFA FOUNDATION INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to THE MINNESOTA FFA FOUNDATION INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MINNESOTA FFA FOUNDATION INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MINNESOTA FFA FOUNDATION INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MINNESOTA FFA FOUNDATION INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE MINNESOTA FFA FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 names VAL AARSVOLD.
- Who are the officers and directors of THE MINNESOTA FFA FOUNDATION INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 29 people; 1 received compensation from the organization, the highest $93,771 (VAL AARSVOLD, EXECUTIVE DIRECTOR).
- How much revenue does THE MINNESOTA FFA FOUNDATION INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,040,684, expenses of $751,970 and total assets of $4,414,265 at year end.
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