Marshfield Agricultural & Horticultural Society
- Assets
- $5.0m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 120
- Location
- Marshfield, MA
- Founding
- 09/1944
- Data as of
- 09/2021
- EIN
- 04-6003258
Organization Overview
Marshfield Agricultural & Horticultural Society is located in Marshfield, MA. The organization was established in 1944. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Marshfield Agricultural & Horticultural Society employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshfield Agricultural & Horticultural 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 09/2021, Marshfield Agricultural & Horticultural Society generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.9m during the year ending 09/2021. While expenses have increased by 4.4% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF AGRICULTURE HORTICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN DAY AGRICULTURAL AND HORTICULTURAL FAIR WITH ACTIVITIES AND EXHIBITS TO PROMOTE KNOWLEDGE AND INTEREST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carleton E Chandler Treasurer | Trustee | 20 | $54,000 |
Leonard F Laforest President | Trustee | 6.9 | $18,000 |
William R Frugoli Auditor | Trustee | 6.9 | $15,000 |
Janet G Scribner Vice President | Trustee | 6.9 | $15,000 |
Joseph Tamulis Director | Trustee | 6.9 | $12,000 |
Richard L Ingram Director | Trustee | 5.8 | $8,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,414,684 |
| Investment income | $34,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,490 |
| 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 | $2,503,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $168,600 |
| Compensation of current officers, directors, key employees. | $18,390 |
| Compensation to disqualified persons | $177,270 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,576 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $156,930 |
| Office expenses | $60,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,695 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,456 |
| Insurance | $136,061 |
| All other expenses | $431,659 |
| Total functional expenses | $1,852,457 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,414,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,178 |
| 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 | $1,411,444 |
| Investments—publicly traded securities | $2,143,862 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,983,993 |
| Accounts payable and accrued expenses | $55,059 |
| 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 | $228,940 |
| Other liabilities | $0 |
| Total liabilities | $283,999 |
| Net assets without donor restrictions | $4,699,994 |
| 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 | $4,983,993 |
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|---|---|---|
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Essex Agricultural Society Topsfield, MA | $13,692,899 | $6,659,006 |
Rhode Island Laborers Unified Tr Cranston, RI | $3,637,033 | $4,506,206 |
New York Farm Bureau Albany, NY | $21,413,106 | $1,125,268 |
The Livestock Institute Of Southern New England Westport, MA | $6,774,804 | $2,810,112 |
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Iron Workers Local Union No 60 Supl Benefit Pl And Tr Wel Fd Syracuse, NY | $14,348,614 | $4,106,071 |