Ossipee Valley Agricultural Society
- Assets
- $438.7k
- Revenue
- $248.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Newfield, ME
- Founding
- 07/1978
- Data as of
- 10/2023
- EIN
- 01-0350004
Organization Overview
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 10/2023, Ossipee Valley Agricultural Society generated $248.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $182.0k during the year ending 10/2023. While expenses have increased by 7.3% 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
2023
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 AND FAIRGROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Lawnsby Vice President | Officer | 5 | $0 |
Lucille Millett Secretary | Officer | 5 | $0 |
William Jones President | Officer | 5 | $0 |
Carol Doughty Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,800 |
| Fundraising events | $7,460 |
| Related organizations | $0 |
| Government grants | $110,936 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,796 |
| Total Program Service Revenue | $79,724 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,435 |
| 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 | $247,957 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,535 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,998 |
| Office expenses | $1,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,408 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,980 |
| Insurance | $11,179 |
| All other expenses | $5,780 |
| Total functional expenses | $182,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,833 |
| Savings and temporary cash investments | $44,819 |
| 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 | $372,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $438,739 |
| 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 | $26,801 |
| Paid-in or capital surplus, or land, building, or equipment fund | $39,850 |
| Retained earnings, endowment, accumulated income, or other funds | $372,088 |
| Total liabilities and net assets/fund balances | $438,739 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rochester Agricultural And Mechanical Assn Rochester, NH | $357,349 | $572,818 |
New Hampshire Farm Bureau Federation Concord, NH | $1,421,529 | $333,562 |
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 | $438,739 | $247,957 |
Maine Association Of Agricultural Fairs Augusta, ME | $37,317 | $0 |
Patrons Of Husbandry Maine State Grange Jonesboro, ME | $2,630 | $0 |
Patrons Of Husbandry Maine State Grange Wiscasset, ME | $56,910 | $0 |
New Hampshire Plant Growers Association Concord, NH | $253,482 | $0 |