Rutland County Agricultural Society Inc
- Assets
- $6.0m
- Revenue
- $568.7k
- Investments
- $0.0
- Employees
- 76
- Location
- Rutland, VT
- Founding
- 09/1937
- Data as of
- 10/2022
- EIN
- 03-0154330
Organization Overview
Rutland County Agricultural Society Inc, operating under the name Vermont State Fair, is located in Rutland, VT. The organization was established in 1937. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 10/2022, Vermont State Fair employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont State Fair is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Vermont State Fair generated $568.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $490.1k during the year ending 10/2022. 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
THE MISSION AND PURPOSE OF THE SOCIETY IS TO FOSTER AN UNDERSTANDING OF AND TO PROMOTE AGRICULTURAL ISSUES AND TO ADVOCATE FOR AGRICULTURAL EDUCATION AND PRODUCE AN ANNUAL FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AGRICULTURAL AND EDUCATIONAL TRAINING EXHIBITS WERE ACCOMPLISHED AT THE ANNUAL FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Congdon President | Officer | 0 | $0 |
Randy Bettis Vice President | Officer | 0 | $0 |
Cash Ruane Vice President | Officer | 0 | $0 |
Deborah Creed Treasurer | Officer | 0 | $0 |
Christy Davis Secretary | Officer | 0 | $0 |
Melanie Aguiar Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,400 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,828 |
| Total Program Service Revenue | $387,914 |
| Investment income | $159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $568,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $119,674 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,041 |
| Advertising and promotion | $31,013 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,197 |
| Travel | $20 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,939 |
| Insurance | $23,733 |
| All other expenses | $91,493 |
| Total functional expenses | $490,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,504 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135 |
| 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 | $5,731,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $121 |
| Total assets | $5,963,150 |
| Accounts payable and accrued expenses | $1,144 |
| 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 | $8,739 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,425 |
| Total liabilities | $17,308 |
| Net assets without donor restrictions | $5,945,842 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,963,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Specialty Food Association Inc New York, NY | $76,782,309 | $24,069,397 |
Massachusetts Food Association Boston, MA | $2,050,707 | $1,027,955 |
New York Maple Producers Assoc Inc Syracuse, NY | $482,259 | $792,299 |
Rutland County Agricultural Society Inc Rutland, VT | $5,963,150 | $568,669 |
Seacoast Eat Local Inc Dover, NH | $263,377 | $346,314 |
Northeast Organic Dairy Producers Alliance Inc Deerfield, MA | $69,773 | $0 |
Massachusetts Tree Wardens And Foresters Association Inc Norwell, MA | $491,358 | $0 |
Granite State Brewers Association Concord, NH | $72,218 | $0 |
Nutrition And Metabolism Society Inc Brooklyn, NY | $59,974 | $0 |
Vermont Feed Dealers And Manufacturers Association Enosburg Falls, VT | $83,037 | $0 |
New York State Association For Food Protection Cape Vincent, NY | $29,265 | $0 |
Empire State Honey Producers Association Inc Otto, NY | $50,946 | $0 |