2024-05-09T18:35:44Z 2023-12-31 990 2023-01-01 521354382 MARYLAND FFA FOUNDATION INCORPORATED MARY 2404642279 PO BOX 1056 Eldersburg MD 21784 Roy S Walls Jr Executive Treasurer 2404642279 2024-05-09 2023 2023-04-26 12:10:37Z Roy S Walls Jr Executive Treasurer 9104 49th Avenue College Park MD 20740 133810 false X https://www.mdffafoundation.org/ X 1982 MD The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 2,500 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops. 15 15 0 0 0 0 138654 112134 0 0 60048 20876 7620 800 206322 133810 124346 102184 0 0 3500 3500 0 0 1750 25051 14122 152897 119806 53425 14004 751711 849703 0 0 751711 849703 X The MD FFA Foundation raises funds to support the student members of the MD FFA Association. The MD FFA Association has 54 local chapters located across the State of Maryland in the local public schools at the middle and high school level, which serves some 3,000 student members. The MD FFA Foundation raises funds to support FFA career development events, leadership related conferences and workshops. false false 79145 63130 84626 Annual fund-raising grants to MD FFA Association provide leadership opportunities for some 3000 MD FFA Association student members. This amount helps to offset the costs of awards, programs, and student travel to out of state competitions for the first and second place teams. This grant also helps offset the costs of the MD FFA Association's Annual State Convention for the student FFA members. Many competitive events related to agricultural career development are also held where the students receive award pins or plaques for their placing in the event(s) with photos suitable for publication use in local or social media outlets. The MD FFA Foundation also provides funds for 100 needy FFA members who cannot afford the official dress of the student organization. One hundred jackets, ties/scarves are provided. Funds also support the cost of State FFA Officers travel for local chapter visits where they provide a leadership workshop activity, bring greetings, or a keynote address at a local FFA chapter function. Revenue to support this activity is from our donor contributions to our fund-raising efforts. Expenses include travel, officer workshop supplies, fees paid on the management of related investment funds. 55981 34708 36308 This activity is supported by a grant to our Joseph Byrd Damascus FFA Account through an annual donation managed by the Community Foundation of Frederick County, MD as a targeted grant to a local FFA chapter in Montgomery County, MD. Mr. Joseph Byrd's Will indicates that proceeds from his fund support the closest FFA Chapter to Poolesville, MD which is currently the Damascus, MD FFA Chapter. The revenue of $ 34707.70 will be transferred to a separate checking account which we manage for the local chapter. The chapter advisor requests funds from this account to pay for student registrations and travel to state and/or out of state events. This fund also supports the classroom expenses for supplies or technology that the program might need. Funds may also be used for advisor/teacher travel and training. The local chapter advisor does not have signature power on this checking account. Expenses include chapter purchases or registrations, banking and investment management fees on an investment account held and controlled by the MD FFA Foundation. 12900 12900 8900 The MD FFA Foundation, Inc. provided for a portion of the registration, travel, lodging and participation to the National FFA Organization for the International Leadership Seminar for State Officers (ILSSO) from $8900 of funds they individually raised funds by the participants that flowed through our organization 6487 5500 5312 154513 true true false false false false false false false true false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 1 0 true 0 true false true false false false false false false false false false false X 15 15 false false false false false true false true true true false true true true false false false true false false MD X Roy S Walls Jr 2404642279 9104 49th Avenue College Park MD 20740 Terrie Shank Secretary 8.00 X X 0 0 0 Jason Watt Chairman 8.00 X X 0 0 0 Mark Milby Executive Director 8.00 X X 3500 0 0 George Mayo Vice Chairman 6.00 X X 0 0 0 Roy S Walls Jr Executive Treasurer 8.00 X X 0 0 0 David Miller Trustee 2.00 X 0 0 0 Jessica Clark Trustee 2.00 X 0 0 0 Gabe Zepp Trustee 2.00 X 0 0 0 Lori Powell Mayhew Trustee 2.00 X 0 0 0 Scott Glenn Trustee 2.00 X 0 0 0 Tyler Majchrzak Trustee 2.00 X 0 0 0 Joe Linthicum Trustee 2.00 X 0 0 0 Jerry Kelley Trustee 2.00 X 0 0 0 Thomas Mazzone Trustee 2.00 X 0 0 0 Todd Legge Trustee 2.00 X 0 0 0 Timothy Beall Trustee 2.00 X 0 0 0 Chuck Schuster Trustee 2.00 X 0 0 0 3500 0 0 0 false false false 0 0 0 0 0 0 112134 0 112134 0 0 0 20876 20876 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Uncashed checks 900099 800 800 0 0 0 0 0 0 800 133810 21676 0 0 102184 102184 0 0 0 0 0 0 3500 0 1750 1750 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4529 0 4529 0 0 0 0 0 0 0 0 0 3118 0 3118 0 832 0 832 0 0 0 0 0 0 0 0 0 4639 0 4639 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1004 0 1004 0 119806 102184 15872 1750 27706 37810 58238 67296 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 665767 744597 0 0 0 0 751711 849703 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 292910 339712 458802 509991 0 0 0 0 0 0 751712 849703 751712 849703 14004 83988 0 0 0 0 X X false false true false X 0 165000 107096 130183 138654 112134 653067 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 165000 107096 130183 138654 112134 653067 4175 1400 3000 4230 2750 15555 0 0 0 0 0 0 4175 1400 3000 4230 2750 15555 637512 108732 200167 104888 60048 20876 494711 0 0 0 0 0 0 108732 200167 104888 60048 20876 494711 0 0 0 0 0 0 0 0 610 7620 800 9030 273732 307263 235681 206322 133810 1156808 0.55110 0.55320 0.42770 0.42720 X Schedule A: Part III Line 12 Schedule A: Part III Line 12 indicates a total of $9,030 of Miscellaneous income. This amount stems from $610 of checks lost in the mail which were credited back to the checking account for the 2021 year and later reissued. I appealed fines paid to IRS for 2020 and 2021 and received $7,620 as a refund from the IRS. Interest of $56.36 on the refund from IRS is included in normal interest reporting in this Form 990.$800 from 2023 results from lost or uncashed checks added back to checking account. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 665767 0 104859 0 21500 4529 744597 785301 10400 -124217 5717 0 0 665767 673883 28100 92417 0 0 9099 785301 589535 0 77244 0 0 7105 659674 472580 85120 88811 0 0 7024 639487 0.33500 0.66500 0.00000 false true true NFFAF Ag Ed FFA Program Damascus Pool 130848 NFFAF General Fund Pool 44111 NFFAF Mathwig Pool 80566 NFFAF Cooper Fund Pool 152740 NFFAF MD Regional LDE CDE Pool 126943 NFFAF Wiley & Carrie Griffith Fund Pool 116578 PNC Investments Endowment Acct 92812 744598 Part V, Line 4 Part V, Line 4: Endowment funds are used to grow the assets of the MD FFA Foundation, Inc. Twenty five percent (25%) of net investment income on these accounts is reserved per policy of the Board of Trustees in the account to accumulate growth of the accounts. 75% of the net investment income would then be available if needed to meet our program purposes to support the MD FFA Association, its chapters, or student members. The 75% calculation of net investment income is used in this filing as "Quasi-endowed". Money not spent to support our chartered purposes would continue to grow the endowment accounts but is ready for potential use as previously designated by action of our Board of Trustees. Our accounts with the National FFA Foundation Pooled Investment Fund (NFFAF) have minimum withdraw amounts of $10,000. Our PNC Investment account can receive or transfer any amount from/to our general checking account. This investment account is used much like a savings account to accumulate funds to further transfer to the NFFAF Pooled Investment which requires a minimum $10,000.00 transfer to our accounts there on a quarterly basis. The PNC investment account can also be used to meet emergency needs in our general checking account which has not been done for several years. true National FFA Organization 6060 FFA Drive Indianapolis IN 46278 540524844 501(c)3 12900 0 Program participation Program participation MD FFA Association Inc 29 Frederick Rd Funkstown MD 21734 520796956 501(c)3 63130 0 Program support Program support Damascus FFA Chapter 25921 Ridge Rd Damascus MD 20872 000000000 3470770 0 Program support 2 1 Part I, Line 2 Schedule I, Part I, Line 2 The monitoring of grants to the MD FFA Association is observed in the constant email communications from the Associate Director responsible for the leadership and allocation of those grant monies for specific activities. Contributors can indicate which activity or in some cases multiple activities that they would like to support. Grant money is used by the MD FFA Association to conduct its program components that help offset the overall costs of participation of the high school student(s) activities who are student FFA members. Our organization certainly sees evidence in how our funds were spent when we see their publicity on social media that FFA members receive for their participation in these activities. The State FFA Officers present a report on recent activities at each of our four Board of Trustees meetings during the year. Results of the competitive events are published via email on a listserv. An Annual Report is also prepared by the MD FFA Association which is a required report to the National FFA Organization. Data from this report is used to create a Year in Review from the MD FFA Association that is distributed by a listserv email process. The Associate Di rector of the MD FFA Association also serves as our Secretary of the MD FFA Foundation and will calendar items for budget consideration that are pertinent as they develop new activities that we might consider sponsoring. There is also some overlap of Board members who serve on both our Board of Trustees of the Maryland FFA Foundation and the Board of Directors of the MD FFA Association, Inc. that volunteer for student events and can report to our Board of Trustees. Damascus FFA grant money is deposited in a separate Money Market checking and the Executive Treasurer has primary duty to issue disbursement checks on that account. The money allocated to the Damascus FFA Chapter flows through the Joseph Byrd Trust managed by the Community Foundation of Frederick County, MD is monitored directly by the Executive Treasurer of the MD FFA Foundation. Grant money is deposited in a separate Money Market checking and the Executive Treasurer has primary duty to issue disbursement checks on that account. The Advisor of the Damascus FFA Chapter submits invoices that support the educational and leadership activities of the high school students enrolled in that program. Those activities may include educational supplies for teaching, , as well as registration and bus expense to take students to competitive or leadership development events. Financial records are maintained by the Executive Treasurer using Quicken to track income, expenses, and account values. A Treasurer Report is presented to our Board of Trustees at each of its meetings during the year. Form 990: Part VI, Line 15a, 15b Form 990: Part VI, Line 15a, 15b Our Executive Director serves as a contractor for the purpose of providing day to day management and fund raising of the organization. This persons selection and recommended compensation was deliberated by an appointed committee. The committee reported to the Board of Trustees who approved their report and recommendations on an Executive Director. The Executive Treasurer filed an appropriate Form 1099 for this individual. Form 990: Part VI, Line 19 Form 990: Part VI, Line 19 Governing documents would be made available to anyone who would request this information. Conflict of Interest documents are collected at the August Board of Trustees which has long been considered as our annual meeting. Financial statements are prepared for each Board of Trustees meeting and are distributed by the Executive Treasurer. Financial statements as well as IRS Form 990 is also published to the Secretary of the State of Maryland. A public request for these documents would be honored if received by email or first class mail delivered by the US Post Office. Form 990: Part VI, lines 11b Form 990: Part VI, lines 11b The paper copy of the required parts for Form 990 and required Schedules is sent to the Board of Trustees for comment. I then begin the process of uploading the Form 990 data to one of the IRS web providers (Simple990.com). Once the Form 990 and required schedules are uploaded by one of the IRS web providers, and accepted by the IRS, the accepted Form 990 from IRS would then be downloaded and emailed to our Board of Trustees as the official filing by our organization. The electronic filing is also mailed to the Secretary of State of Maryland. The public parts of Form 990 document would also be made available to the public through first class mail request or an email request to rwalls@umd.edu, our Executive Treasurer. Part III, Line 4d Three scholarships of $1,000 each were granted to other educational institutions/organizations to support post-secondary education of student FFA members who applied for a scholarship through our Wiley and Carrie Griffith Investment Fund. Revenue is based on the interest on the investment account supporting the scholarship. Expenses are from the management fees paid on that same investment account. A grant of $2500 was disbursed to the Frederick County FFA Chapters Leadership account. This grant is supported by our Mathwig account. The funds are used for county wide leadership training for 10 local high school FFA chapter officers. Expenses noted are the investment fees charged to this account. Expenses include the investment management fees charged to this account. Part VI, Line 11b Form 990: Part VI, lines 11b The paper copy of the required parts for Form 990 and required Schedules is sent to the Board of Trustees for comment. I then begin the process of uploading the Form 990 data to one of the IRS web providers (Simple990.com). Once the Form 990 and required schedules are uploaded by one of the IRS web providers, and accepted by the IRS, the accepted Form 990 from IRS would then be downloaded and emailed to our Board of Trustees as the official filing by our organization. The electronic filing is also mailed to the Secretary of State of Maryland. The public parts of Form 990 document would also be made available to the public through first class mail request or an email request to rwalls@umd.edu, our Executive Treasurer. Part VI, Line 15a Form 990: Part VI, Line 15a, 15b Our Executive Director serves as a contractor for the purpose of providing day to day management and fund raising of the organization. This persons selection and recommended compensation was deliberated by an appointed committee. The committee reported to the Board of Trustees who approved their report and recommendations on an Executive Director. The Executive Treasurer filed an appropriate Form 1099 for this individual. Part VI, Line 19 Form 990: Part VI, Line 19 Governing documents would be made available to anyone who would request this information. Conflict of Interest documents are collected at the August Board of Trustees which has long been considered as our annual meeting. Financial statements are prepared for each Board of Trustees meeting and are distributed by the Executive Treasurer. Financial statements as well as IRS Form 990 is also published to the Secretary of the State of Maryland. A public request for these documents would be honored if received by email or first class mail delivered by the US Post Office. Part VI, Line 1a Form 990 Part VI, Line 1a Our Board of Trustees has 15 voting members but other non voting members are also part of our Board. Our line officers include a Chairman, Executive Director, Secretary, and Executive Treasurer and student FFA officer who are non voting members (unless the Chairman needs to break a tie vote). Part VI, Line 7a The voting members of the Board of Trustees shall consist of: Anyone interested in supporting FFA, agricultural education, agriculture, or volunteerism. One local FFA chapter advisor appointed or elected by the Maryland Agriculture Teachers Association. One FFA Alumni representative appointed by the Maryland FFA Alumni Council. The Maryland FFA Executive Director representing FFA and the interest of the Maryland State Department of Education. One representative of post-secondary education in agriculture in Maryland. One MD Agricultural Education Foundation (MAEF) representative appointed by the MAEF Board. The Board of Trustees shall consist of a maximum of fifteen (15) voting members. Non-voting members of the Board of Trustees shall include: A student representative from the Maryland FFA Association, Inc. The Executive Director of the Maryland FFA Foundation, Inc. The Executive Treasurer of the Maryland FFA Foundation, Inc. Others may attend meetings at the invitation of the Chair. Part VI, Line 9 Jason Watt, Chairman 5959 Middleburg Rd. Keymar, MD 21757 George Mayo, Vice Chairman 1311 Glencoe Rd. Glencoe, MD 21152 Mark Milby, Executive Director 112 Henry Avenue Eldersburg, MD 21784 Terrie Shank, Secretary P.O. Box 564 29 Frederick Road #564 Funkstown, MD 21734-0564 Roy S. Walls, Jr., Executive Treasurer 9104 49th Avenue College Park, MD 20740 David Miller 7413 Round Hill Rd. Frederick, MD 21702 Lori Powell Mayhew 25921 Ridge Rd. Damascus, MD 20872 Gabe Zepp 444 W King St, Littlestown, PA 17340 Jessica Clark 379 Deep Shore Rd. Denton, MD 21629 Scott Glenn 12940 Clarksville Pike Highland, MD 20777 Tyler Majchrzak 2185 Arthursville Rd., Hartley, DE 19953 Todd Legge 330 Veterans Rd., Middletown, VA 22645 Timothy Beall 3909 Highland Ct. Myersville, MD 21773 Jerry Kelley 1022 Caravan Way Salisbury, MD 21802 Joe Linthicum 2780 Rowe Road New Windsor, MD 21776 Thomas Mazzone 2123 Jull Hall, U of MD College Park, MD 20742 Chuck Schuster 18410 Muncaster Rd. Derwood, MD 20855 Brandon Boyer Student Rep) 3575 Chick Ln. Knoxville, MD 21758 Part VII, Section A, Line 4 Officers Part VII, Section A, Line 4 Officers Our Secretary is indicated as the Assistant Director of our secondary high school programs in MD schools. She works full time providing leadership t the Maryland FFA Association which is the organization that we support as indicated in our Mission statement, and other official documents (Bylaws, and Articles of Incorporation). Part VIII Statement of Revenue Line 11a Part VIII Statement of Revenue Line 11a Miscellaneous Revenue: Three lost/uncashed checks were added back to the checking account during 2023 Part XII, Line 2c PART XII: Line 2c: FINANCIAL STATEMENTS AND REPORTING The Executive Treasurer completes a review of the accounts and bookkeeping in preparation of our internal audit process. The Finance Committee serves as an internal auditing committee to review the calendar year final financial report. The Finance Committee in the auditing process will look for errors and provide recommendations on how to track the different types of transactions Maryland FFA Association Inc Box 564 29 Frederick Road Funkstown MD 21734 520796956 Youth Development Agr MD 10 501(c)3 No false National FFA Organization 6060 FFA Drive Indianapolis IN 46268 540524844 Youth Leadership Development IN 10 501(c)3 No false National FFA Foundation 6060 FFA Drive Indianapolis IN 46268 546044662 Youth Development Agr IN 10 501(c)3 No false true true false false false true false false false false false false false false false true false true true National FFA Foundation (Investment gain) r,s 114144 FMV Maryland FFA Association Inc b 63130 Cash National FFA Foundation (Investment loss) r -24411 FMV National FFA Organization p 12900 Cash National FFA Foundation (Transfer of funds) s 21500 Cash Sch R, Part V, Line 2: 1-6 Part V, Line 2: 1-6 The Maryland FFA Foundation is related to the National FFA Foundation. The Give button on our website is powered by giving a gift to us through the National FFA Foundation. They reserve 18% of a gift to provide that service of gifting electronically. These gifts are aggregated as a type s transaction. The National FFA Foundation has a Pooled Investment Fund that state FFA foundations can invest in. They charge a management fee for this service but historically, the investment return has been greater than a typical commercial investment organization like PNC Investments where we also have funds invested. These transactions are labeled as type r or type s where appropriate in transfers of monies to/from the National FFA Foundation.