Broome County Agricultural Society
- Assets
- $533.5k
- Revenue
- $313.2k
- Investments
- $0.0
- Employees
- 32
- Location
- Whitney Point, NY
- Founding
- 00/0000
- Data as of
- 11/2022
- EIN
- 16-0874768
Organization Overview
Broome County Agricultural Society is located in Whitney Point, NY. The organization was established in 0000. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 11/2022, Broome County Agricultural Society employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broome County Agricultural Society is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2022, Broome County Agricultural Society generated $313.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $309.0k during the year ending 11/2022. While expenses have increased by 4.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SIX DAY COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIX DAY COUNTY FAIR, ATTENDANCE 21,276 WITH 723 EXHIBITSOPEN CLASS EXHIBITORS- LIVESTOCK, PRODUCE, CRAFTS 1284-H AND YOUTH EXHIBITORS- LIVESTOCK, PRODUCE, CRAFTS 191INCLUDES RELATED USE OF GROUNDS INCOME
HORSE SHOWS 13 SHOWS (ABOUT 350 ATTEND EACH SHOW). BROOME COUNTY 4-H AND MAINE MAVERICKS CO-HOST SHOWS WITH FAIR ASSOCIATION ON MOST WEEKENDS BETWEEN APRIL & OCTOBER.
PROVIDE PLAYGROUNDS FOR WHITNEY POINT CENTRAL SCHOOL LITTLE LEAGUES, ETC. ABOUT 20 OF THE 30 ACRES ARE USED THROUGHOUT THE YEAR FOR INTER-SCHOOL SPORTS, INTRA-MURAL SPORTS & PHYSICAL EDUCATION CLASSES FOR APPROXIMATELY 1500 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Smith Treasurer | OfficerTrustee | 6 | $0 |
Gerry Pendell Vice President | OfficerTrustee | 2 | $0 |
Jonah Reardon Secretary | OfficerTrustee | 2 | $0 |
Gary Cornell President | OfficerTrustee | 6 | $0 |
Ronald Smith Director | Trustee | 2 | $0 |
Jeff Holbrook Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,440 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,740 |
| Total Program Service Revenue | $277,062 |
| Investment income | $385 |
| 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 | $313,187 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,262 |
| Office expenses | $2,911 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,022 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,616 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,429 |
| Insurance | $19,918 |
| All other expenses | $17,921 |
| Total functional expenses | $308,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,978 |
| Savings and temporary cash investments | $134,535 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $344,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,728 |
| Total assets | $533,484 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,780 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $525,704 |
| Total liabilities and net assets/fund balances | $533,484 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Farm Workers Council Inc Springfield, MA | $22,599,263 | $91,357,434 |
National Young Farmers Coalition Hudson, NY | $5,615,134 | $7,809,830 |
Western New York Crop Management Association Cooperative Inc Warsaw, NY | $2,950,896 | $3,010,693 |
Adirondack North Country Association Inc Saranac Lake, NY | $462,447 | $1,437,257 |
Albany Schenectady Green County Agricultural & Historical Society Altamont, NY | $2,520,391 | $1,370,388 |
New York Corn And Soybean Growers Association Inc Silver Springs, NY | $557,476 | $1,195,521 |
Poughkeepsie Farm Project Poughkeepsie, NY | $881,222 | $1,235,646 |
Cobleskill Agricultural Society Cobleskill, NY | $938,679 | $955,201 |
Franklin County Agricultural Society Malone, NY | $1,121,552 | $1,234,895 |
Massachusetts Farm Bureau Federation Inc Marlborough, MA | $4,822,461 | $1,090,743 |
Codman Community Farms Inc Lincoln, MA | $3,498,724 | $1,249,610 |
Delaware Valley Agricultural Society Of Walton Walton, NY | $1,345,210 | $1,026,618 |