Madison County Agricultural Society
- Assets
- $918.1k
- Revenue
- $21.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Brookfield, NY
- Founding
- 05/1945
- Data as of
- 12/2021
- EIN
- 22-2448283
Organization Overview
Madison County Agricultural Society is located in Brookfield, NY. The organization was established in 1945. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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 12/2021, Madison County Agricultural Society generated $21.0k 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 (33.1%) each year. All expenses for the organization totaled $78.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AGRICULTURAL EDUCATION THROUGH COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTY FAIR AND WHEEL DAYS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Walker President | Officer | 2 | $0 |
Terry Tanney Secretary | Officer | 2 | $0 |
Sharon Schmidt Treasurer | Officer | 2 | $0 |
Jefferson Mayne Vice President | Officer | 2 | $0 |
Karen Becker Trustee | Trustee | 1 | $0 |
Annette Tanney Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,700 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,987 |
| Total Program Service Revenue | $14,094 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,168 |
| Net Gain/Loss on Asset Sales | $70 |
| Net Income from Fundraising Events | -$44,583 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900 |
| Grants and other assistance to domestic individuals. | $7,237 |
| 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 | $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 | $2,450 |
| Advertising and promotion | $1,898 |
| Office expenses | $0 |
| Information technology | $181 |
| Royalties | $0 |
| Occupancy | $35,363 |
| 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 | $18,443 |
| All other expenses | $534 |
| Total functional expenses | $78,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,911 |
| 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 |
| Net Land, buildings, and equipment | $903,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $918,121 |
| 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 | $918,121 |
| 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 | $918,121 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Franklin County Agricultural Society Inc Greenfield, MA | $1,210,540 | $1,106,267 |