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The Minnesota Ffa Foundation Incorporated

EIN 41-6038263 · Plainview, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong100 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE FINANCIAL SUPPORT TO FUTURE FARMERS OF AMERICA (FFA) PROGRAMS AND STUDENTS IN MINNESOTA.

Income
$1.0 million
Spending
$751,970
Spent on programs
73%
Reserves
22.7 months of spending
Largest source of income
donations and private grants, 75%
Employees
2
Volunteers
35
Highest pay
$93,771, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 100 out of 100. Higher than 91% of charities in its peer group (education, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 22.7 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 28% of income.

  • Income trend

    15 of 15

    Income rose 50% on the year before.

  • Spending floor

    15 of 15

    73% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 57% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    20 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $180,385 spent. 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.
  2. $166,285 spent. 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.
  3. $116,837 spent. 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 2024
  4. $84,418 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.