Hemlock Lake Union Agricultural Society
- Assets
- $1.1m
- Revenue
- $80.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Hemlock, NY
- Founding
- 11/2000
- Data as of
- 11/2020
- EIN
- 16-6052922
Organization Overview
Hemlock Lake Union Agricultural Society is located in Hemlock, NY. The organization was established in 2000. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hemlock Lake Union 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 11/2020, Hemlock Lake Union Agricultural Society generated $80.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $54.0k during the year ending 11/2020. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AN AGRICULTURAL FAIR
Describe the Organization's Program Activity:
ENCOURAGE THE DEVELOPMENT OF BETTER AGRICULTURAL PRODUCTS THROUGH A SYSTEM OF AWARDS
ENCOURAGE THE DEVELOPMENT OF BETTER AGRICULTURAL PRODUCTS THROUGH A SYSTEM OF AWARDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jane Barnette Treasurer | Officer | 10 | $0 |
Paula Ripley Secretary | Officer | 1 | $0 |
Sheila Fitzsimmons 2nd Vice President | Officer | 1 | $0 |
Pete Lead First Vice President | Officer | 1 | $0 |
Mark Shero President | Officer | 1 | $0 |
Dave Gilbert Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,223 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,173 |
| 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 | $80,128 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,598 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $53,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,012 |
| Savings and temporary cash investments | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,062,318 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,062,318 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hemlock Lake Union Agricultural Society has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
C P Ward Charitable Foundation Inc Scottsville, NY PURPOSE: DONATION | $250 |
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 |