Marshfield Agricultural & Horticultural Society
- Assets
- $6.5m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 120
- Location
- Marshfield, MA
- Founding
- 09/1944
- Data as of
- 09/2023
- 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 09/2023, 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 09/2023, Marshfield Agricultural & Horticultural Society generated $4.6m in total revenue. All expenses for the organization totaled $3.7m during the year ending 09/2023. While expenses have increased by 18.2% per year over the past 4 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
PROMOTION OF AGRICULTURE HORTICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN DAY AGRICULYURAL AND HORTICULTURAL FAIR WITH ACTIVITIES AND EXHIBT TO PROMOTE KNOWLEDGE AND INTEREST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard F Laforest President | OfficerTrustee | 6.9 | $25,000 |
Carleton E Chandler Treasurer | OfficerTrustee | 6.9 | $55,000 |
Kaileigh R Jarvis Auditor | OfficerTrustee | 6.9 | $8,000 |
Janet G Scribner Vice President | OfficerTrustee | 69 | $20,000 |
Stephanie Baker Director | Trustee | 4.4 | $6,000 |
Bridget L Burns Director | Trustee | 4.4 | $10,000 |
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 | $4,384,442 |
| Investment income | $108,484 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $95,085 |
| 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 | $4,588,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,000 |
| Compensation of current officers, directors, key employees. | $20,250 |
| Compensation to disqualified persons | $311,285 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $46,529 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $171,936 |
| Office expenses | $73,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,083 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,035 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,273 |
| Insurance | $124,681 |
| All other expenses | $1,700,589 |
| Total functional expenses | $3,668,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,808,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,300 |
| 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 | $1,712,202 |
| Investments—publicly traded securities | $2,926,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,479,853 |
| Accounts payable and accrued expenses | $81,857 |
| 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 | $81,857 |
| Net assets without donor restrictions | $6,397,996 |
| 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 | $6,479,853 |