Ossipee Valley Agricultural Society is located in Newfield, ME. The organization was established in 1978. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ossipee Valley Agricultural Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2022, Ossipee Valley Agricultural Society generated $243.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $177.4k during the year ending 10/2022. While expenses have increased by 6.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL FAIR - AGRICULTURAL EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING AN AGRICULTURAL FAIR
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Charles Morrill Vice President | Officer | 5 | $0 |
Lucille Millett Secretary | Officer | 5 | $0 |
William Jones President | Officer | 5 | $0 |
Carol Doughty Treasurer | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $1,300 |
Fundraising events | $2,650 |
Related organizations | $0 |
Government grants | $5,000 |
All other contributions, gifts, grants, and similar amounts not included above | $34,801 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $43,751 |
Total Program Service Revenue | $154,800 |
Investment income | $10 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $44,560 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $243,121 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $981 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $375 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,762 |
Office expenses | $284 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $19,218 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,827 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $15,607 |
Insurance | $9,665 |
All other expenses | $0 |
Total functional expenses | $177,376 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $65,876 |
Savings and temporary cash investments | $49,179 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $257,731 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $372,786 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $70,844 |
Paid-in or capital surplus, or land, building, or equipment fund | $44,211 |
Retained earnings, endowment, accumulated income, or other funds | $257,731 |
Total liabilities and net assets/fund balances | $372,786 |
Organization Name | Assets | Revenue |
---|---|---|
New Hampshire Farm Bureau Federation Concord, NH | $1,747,700 | $324,502 |
National Grange Mutual Charitable Foundation Keene, NH | $2,299,882 | $57,030 |
Maine Farm Bureau Association Augusta, ME | $1,863,752 | $330,143 |
Ossipee Valley Agricultural Society Newfield, ME | $372,786 | $243,121 |
Rochester Agricultural And Mechanical Assn Rochester, NH | $375,803 | $52,405 |
Patrons Of Husbandry Maine State Grange Jonesboro, ME | $2,630 | $0 |
Maine Association Of Agricultural Fairs Augusta, ME | $427 | $0 |
New Hampshire Plant Growers Association Concord, NH | $275,607 | $0 |
Patrons Of Husbandry Maine State Grange Wiscasset, ME | $49,673 | $0 |