Lorain County Fair
- Assets
- $1.4m
- Revenue
- $276.1k
- Investments
- $0.0
- Employees
- 36
- Location
- Wellington, OH
- Founding
- 11/2015
- Data as of
- 11/2020
- EIN
- 34-0846235
Organization Overview
Lorain County Fair, operating under the name Lorain County, is located in Wellington, OH. The organization was established in 2015. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 11/2021, Lorain County employed 36 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Lorain County 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, Lorain County generated $276.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $663.0k during the year ending 11/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE THE ANNUAL LORAIN COUNTY FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADVERTISES AND CONDUCTS ALL OF THE ACTIVITIES OF THE LORAIN COUNTY ANNUAL FAIR UNDER THE DIRECTION OF THE OHIO COUNTY & INDEPENDENT AGRICULTURAL SOCIETY AND FOLLOWS ITS GUIDELINES.
THE ORGANIZATION ADVERTISES AND CONDUCTS ALL OF THE ACTIVITIES OF THE LORAIN COUNTY ANNUAL FAIR UNDER THE DIRECTION OF THE OHIO COUNTY & INDEPENDENT AGRICULTURAL SOCIETY AND FOLLOWS ITS GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonja Beat Treasurer | OfficerTrustee | 15 | $0 |
Charisse Nikel Secretary | OfficerTrustee | 40 | $0 |
Rick Ternes Vice Preside | OfficerTrustee | 5 | $0 |
Marie Waite President | OfficerTrustee | 5 | $0 |
Tom Adams Director | Trustee | 5 | $0 |
Heath Baus Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,738 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,843 |
| Total Program Service Revenue | $159,767 |
| Investment income | $465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,701 |
| 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 | $276,108 |
| 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 | $157,344 |
| Pension plan accruals and contributions | $11,675 |
| Other employee benefits | $13,321 |
| Payroll taxes | $2,278 |
| Fees for services: Management | $24,186 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,366 |
| Advertising and promotion | $15,097 |
| Office expenses | $4,874 |
| Information technology | $3,423 |
| Royalties | $0 |
| Occupancy | $59,232 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,515 |
| Insurance | $49,513 |
| All other expenses | $31,002 |
| Total functional expenses | $662,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,283 |
| Savings and temporary cash investments | $69,030 |
| 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 | $1,071,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,366,345 |
| 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 | $100,376 |
| Total liabilities | $100,376 |
| Net assets without donor restrictions | $1,265,969 |
| 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 | $1,366,345 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lorain County Fair has recieved totaling $30.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $30 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Del-Co Water Company Inc Delaware, OH | $318,753,806 | $51,589,765 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Michigan Farm Bureau Lansing, MI | $21,991,749 | $13,489,298 |
Michigan Dairymens Market Program Novi, MI | $2,715,772 | $11,716,586 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
Rodale Institute Kutztown, PA | $44,853,395 | $12,528,365 |
Ohio Soybean Council Worthington, OH | $9,472,196 | $9,336,413 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |
Ohio County & Independent Agricultural Societies Delaware, OH | $10,485,071 | $9,270,714 |
Ohio County & Independent Agricultural Societies Canfield, OH | $2,246,488 | $4,939,954 |