The Woodstock Agricultural Society
- Assets
- $6.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 237
- Location
- Woodstock, CT
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 06-0923729
Organization Overview
The Woodstock Agricultural Society is located in Woodstock, CT. The organization was established in 1985. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Woodstock Agricultural Society employed 237 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodstock 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 12/2022, Woodstock Agricultural Society generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 1.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE AND PROMOTE AGRICULTURE TO THE COMMUNITY BY HOLDING EXHIBITIONS AND DEMONSTRATIONS OF FARM ANIMALS, HOME BAKED GOODS, SEWING, CANNING, FLOWERS & VEGETABLES.
Describe the Organization's Program Activity:
THE WOODSTOCK AGRICULTURAL SOCIETY INC. WAS FOUNDED IN 1859 TO EDUCATE, PROMOTE, PRESERVE AND PERPETUATE THE LOCAL AGRICULTURAL INDUSTRY, RURAL HERITAGE AND THE HOME ARTS. THIS TRADITION CONTINUES TODAY THROUGH A 4 DAY AGRICULTURAL COUNTRY FAIR PRESENTED ON LABOR DAY WEEKEND. THE BARS, EXHIBITION HALLS, AND FAIRGROUNDS ARE FILLED WITH CATTLE, POULTRY, SHEEP, FRUITS AND VEGETABLES INCLUDING GIANT PUMPKINS. ALSO DISPLAYED ARE PHOTOGRAPHY, FINE ARTS AND CRAFTS, CLASSIC TRUCKS, TRACTORS AND EARLY PERIOD DISPLAYS IN THE BRUNN BARN MUSEUM. THE WOODSTOCK FAIR IS ONE OF THE LARGEST FAIRS IN NEW ENGLAND WITH OVER 1000 PARTICIPANTS AND EXHIBITORS. THE FAIR ATTRACTED OVER 152,000 FAIRGOERS IN 2018. THE SHEEP SHOW IS THE SECOND LARGEST IN NEW ENGLAND. THE SOCIETY IS DEDICATED TO WORKING WITH THE LOCAL COMMUNITY AND HAS HOSTED THE ANNUAL "CELEBRATING AGRICULTURE" EVENT ON THE FAIRGROUNDS SINCE ITS INCEPTION IN 2001. EACH YEAR THE SOCIETY AWARDS TEN SCHOLARSHIPS OF $1250 EACH TO LOCAL STUDENTS. THE FAIRGROUNDS ARE USED IN THE OFF SEASON FOR SEVERAL EVENTS INCLUDING FUNDRAISING FOR OTHER NON-PROFIT ORGANIZATIONS AS WELL AS HORSE SHOW EVENTS ON THE LOWER GROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lloyd Director & General Manager | OfficerTrustee | 40 | $52,000 |
Marc Allard Director & 2nd VP | OfficerTrustee | 5 | $3,500 |
Patricia Kelly Director & Acting Secretary | Trustee | 32 | $14,608 |
Annette Hamilton Director | Trustee | 1 | $2,000 |
Susan Converse Director | Trustee | 0.25 | $0 |
Warren Carlow Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $571 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771 |
| Total Program Service Revenue | $1,522,894 |
| Investment income | $64,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,186 |
| Net Gain/Loss on Asset Sales | $3,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,929 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,641,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $845 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,870 |
| Compensation of current officers, directors, key employees. | $75,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $22,697 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,612 |
| Fees for services: Accounting | $7,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,767 |
| Fees for services: Other | $287,156 |
| Advertising and promotion | $25,712 |
| Office expenses | $15,523 |
| Information technology | $2,803 |
| Royalties | $0 |
| Occupancy | $416,024 |
| Travel | $7,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,453 |
| Insurance | $77,836 |
| All other expenses | $19,180 |
| Total functional expenses | $1,508,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,037 |
| Savings and temporary cash investments | $463,961 |
| 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 | $2,347 |
| Prepaid expenses and deferred charges | $79,717 |
| Net Land, buildings, and equipment | $2,529,391 |
| Investments—publicly traded securities | $2,827,131 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,281,584 |
| Accounts payable and accrued expenses | $6,069 |
| Grants payable | $0 |
| Deferred revenue | $50,890 |
| 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 | $32,288 |
| Total liabilities | $89,247 |
| Net assets without donor restrictions | $4,351,040 |
| Net assets with donor restrictions | $1,841,297 |
| 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 | $6,281,584 |