Isanti County Agricultural Society
- Assets
- $1.2m
- Revenue
- $469.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MN
- Founding
- 07/2006
- Data as of
- 09/2022
- EIN
- 20-2695047
Organization Overview
Isanti County Agricultural Society is located in Cambridge, MN. The organization was established in 2006. 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 09/2022, Isanti County Agricultural Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isanti 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 09/2022, Isanti County Agricultural Society generated $469.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $273.9k during the year ending 09/2022. While expenses have increased by 3.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ISANTI COUNTY AGRICULTURAL SOCIETY, INC. IS ORGANIZED TO PROMOTE AND PROVIDE EDUCATIONAL AND AGRICULTURAL OPPORTUNITIES FOR THE PUBLIC.
Describe the Organization's Program Activity:
THE ORGANIZATION'S GREATEST OPPORTUNITY TO EDUCATE, INTERACT AND SOCIALIZE WITH THE PUBLIC IS THROUGH THE COUNTY FAIR WHERE 23,700 WERE IN ATTENDANCE. AGRICULTURAL PRODUCTION IS SHOWCASED, INCLUDING CROPS AND LIVESTOCK. FUNCTIONAL HOME AND FARM ITEMS INCLUDING CREATIVE DECORATIVE ITEMS, FOOD AND PRESERVED FOODS ARE ALSO EXHIBITED. EXHIBITORS AND 4H EXHIBITORS RECEIVE AWARDS AND PREMIUM CHECKS. EDUCATIONAL DEMONSTRATIONS AND FREE ENTERTAINMENT ARE ATTENDED BY BOTH CHILDREN AND ADULTS. KIDS' DAY IS A VERY POPULAR EVENT WITH MANY ATTRACTIONS, AND IS A BIG HIT WITH PRESCHOOLERS AND DAYCARE PROVIDERS. SPECIAL PROGRAMS FOR SENIORS' DAY ARE WELL ATTENDED. SERVICE ORGANIZATIONS AND OTHER 501C3 ORGANIZATIONS RECEIVE GRANT MONEY FOR ASSISTING IN THIS LARGE EVENT.
THE ORGANIZATION SHOWCASES THE AGRICULTURAL AND CREATIVE ACTIVITIES OF THE LOCAL 4-H MEMBERS. A BUILDING IS PROVIDED THAT INCLUDES AN EXHIBIT AREA FOR CREATIVE ACTIVITIES, ARTS, CRAFTS, A STAGE FOR FASHION REVIEW, AND A SNACK BAR. DURING THE FAIR, 8 BUILDINGS AND 2 ARENAS ARE PROVIDED TO THE 4-H PROGRAM TO SHOW THEIR LIVESTOCK AND HORSE EXHIBITS. 432 MEMBERS EXHIBITED 4331 PROJECTS AT THE FAIR THIS YEAR. PREMIUM AWARD CHECKS WERE GIVEN FOR THOSE EXHIBITING. THE 4-H DOG PROGRAM USES THE GROUNDS DURING THE SUMMER MONTHS FOR THEIR TRAINING SESSIONS. THE ORGANIZATION CONTINUES TO MAKE THE FAIRGROUNDS AVAILABLE TO THE 4-H PROGRAM DURING THE ENTIRE YEAR FOR CLINICS AND TRAINING. THE ORGANIZATION HAS MEETINGS INCLUDING THEIR ANNUAL MEETING TO INFORM MEMBERS AND THE GENERAL PUBLIC AS WELL AS CONTINUE TO PERFORM THE REQUIRED GENERAL FUNCTIONS NEEDED DURING THE ENTIRE YEAR.
THE ORGANIZATION CONTINUES TO MAKE THE BUILDINGS AND FAIRGROUNDS AVAILABLE TO THE COMMUNITY AT A REASONABLE COST FOR BOTH COMMUNITY AND FAMILY EVENTS. ACTIVITIES CARRIED ON DURING THE FISCAL YEAR ON THE GROUNDS WERE ATV & SNOWMOBILE TRAINING, A DOG SHOW, 4TH OF JULY FIREWORKS. OTHER ACTIVITIES INCLUDE CAMBRIDGE FOOD SHELF DISTRIBUTION, MN DEER HUNTERS COLLECTION OF "HIDES FOR HABITATX AND GUN TRAINING, AND THE FRANKENSTEINERS CAR CLUB HELD A CAR SHOW. THE FAIRGROUNDS WERE ALSO USED FOR WEDDING CEREMONIES AND GRADUATION PARTIES WHEN APPROPRIATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Bullford Secretary | OfficerTrustee | 6 | $3,000 |
Bryce Sorenson President | OfficerTrustee | 15 | $0 |
Tonya Orbeck Vice President | OfficerTrustee | 15 | $0 |
Jeff Rod Director | Trustee | 4 | $0 |
Jason Wilking Director | Trustee | 4 | $0 |
Wayne Boettcher Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $175 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,154 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,634 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,963 |
| Total Program Service Revenue | $358,783 |
| Investment income | $252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$50,974 |
| Net Gain/Loss on Asset Sales | $2,373 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $469,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,380 |
| 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. | $3,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $580 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,387 |
| Office expenses | $0 |
| Information technology | $1,310 |
| Royalties | $0 |
| Occupancy | $8,811 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,575 |
| Insurance | $2,880 |
| All other expenses | $25,818 |
| Total functional expenses | $273,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,915 |
| Savings and temporary cash investments | $31,391 |
| 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 | $6,238 |
| Net Land, buildings, and equipment | $510,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,212,209 |
| Accounts payable and accrued expenses | $6,465 |
| 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 | $6,465 |
| Net assets without donor restrictions | $1,205,744 |
| 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 | $1,212,209 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
North Dakota Crop Improvement & Seed Association Fargo, ND | $643,754 | $1,270,188 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Northern Plains Potato Growers Association East Grand Forks, MN | $1,522,109 | $1,231,654 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Wisconsin State Cranbery Growers Association Wisconsin Rapids, WI | $202,268 | $675,448 |
Scott County Agricultural Society Inc Jordan, MN | $1,086,057 | $784,804 |
North Dakota Grain Growers Association West Fargo, ND | $770,775 | $713,248 |