Erie County Agricultural Society
- Assets
- $60.9m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 470
- Location
- Hamburg, NY
- Founding
- 11/1969
- Data as of
- 11/2021
- EIN
- 16-0790021
Organization Overview
Erie County Agricultural Society is located in Hamburg, NY. The organization was established in 1969. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Erie County Agricultural Society employed 470 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Erie County 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 11/2021, Erie County Agricultural Society generated $12.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $7.8m during the year ending 11/2021. While expenses have increased by 10.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE AND PRESERVE THE AGRICULTURAL AND HISTORICAL LEGACY OF NEW YORK STATE. ALSO TO PROVIDE THE RESIDENTS OF WESTERN NEW YORK WITH THE EDUCATIONAL RESOURCES AND PROGRAMS TO EXPAND THEIR KNOWLEDGE OF AGRICULTURE AND ANIMAL CARE IN NEW YORK STATE.
Describe the Organization's Program Activity:
THE SOCIETY SPONSORS THE ERIE COUNTY FAIR, WHICH IS HELD ANNUALLY AND INTENDED TO PROMOTE AND SHOWCASE OUR PRIDE IN THE HERITAGE, AGRICULTURE, AND CREATIVE TALENTS OF OUR COMMUNITY.
HORSE, CATTLE, HOG, AND FARM EQUIPMENT SHOWS. THESE SHOWS ARE HELD IN THE SHOWPLEX. THE SHOWS HAVE EXHIBITS THAT SHOWCASE AGRICULTURAL LIFE IN WESTERN NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica L Underberg CEO | OfficerTrustee | 45 | $195,036 |
Michael Bolas General Counselcfo | 30 | $106,886 | |
Jeff M Werdein Treasurer - Director | Trustee | 1 | $0 |
Karen Schmitz Director | Trustee | 1 | $0 |
Thomas Waring Jr Director | Trustee | 1 | $0 |
James Brass Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
J Potillos Enterprise Cleaning Service | 11/29/21 | $282,983 |
Gordon Zoerb Electrical | 11/29/21 | $308,769 |
Indigo Productions Stage Production | 11/29/21 | $296,991 |
Sp Plus Corporation Parking Services | 11/29/21 | $232,159 |
North Pole Productions Equipment Rental | 11/29/21 | $227,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $30,520 |
| 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 | $30,520 |
| Total Program Service Revenue | $12,028,750 |
| Investment income | $67,401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$206,851 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,196,655 |
| 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 | $1,580,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,821 |
| Payroll taxes | $130,244 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $423,616 |
| Office expenses | $48,472 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,035 |
| Travel | $9,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $584,825 |
| Insurance | $271,966 |
| All other expenses | $3,090,167 |
| Total functional expenses | $7,765,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,885 |
| Savings and temporary cash investments | $15,995,252 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,899 |
| 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 | $371,561 |
| Net Land, buildings, and equipment | $41,154,171 |
| Investments—publicly traded securities | $1,871,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,043,813 |
| Total assets | $60,939,761 |
| Accounts payable and accrued expenses | $124,989 |
| Grants payable | $0 |
| Deferred revenue | $431,675 |
| 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 | $11,105,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $283,592 |
| Total liabilities | $11,946,156 |
| Net assets without donor restrictions | $48,755,772 |
| Net assets with donor restrictions | $237,833 |
| 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 | $60,939,761 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Erie County Agricultural Society has recieved totaling $14,703.
| Awarding Organization | Amount |
|---|---|
Independent Health Association Inc Buffalo, NY PURPOSE: SPONSORSHIP | $14,698 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $190,937 |
| Earnings | $426 |
| Net Contributions | $78,295 |
| Grants | $31,825 |
| Ending Balance | $237,833 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |