Medina County Agricultural Society
- Assets
- $2.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 82
- Location
- Medina, OH
- Founding
- 04/2017
- Data as of
- 11/2023
- EIN
- 34-1006456
Organization Overview
Medina County Agricultural Society is located in Medina, OH. The organization was established in 2017. 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 11/2023, Medina County Agricultural Society employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medina 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 11/2023, Medina County Agricultural Society generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $3.1m during the year ending 11/2023. While expenses have increased by 7.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF THE MEDINA COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT THE MEDINA COUNTY, OHIO FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Arters Director | Trustee | 1 | $0 |
Brandon Ashley Director | Trustee | 1 | $0 |
Joe Aungst Vice Preside | OfficerTrustee | 1 | $0 |
Robert Bauman Director | Trustee | 1 | $0 |
Lori Berger Director | Trustee | 1 | $0 |
John Bryk Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $51,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,707 |
| Total Program Service Revenue | $2,250,995 |
| Investment income | $228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,032 |
| Net Income from Fundraising Events | -$13,292 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,535,814 |
| 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 | $362,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,437 |
| Payroll taxes | $33,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $83 |
| Fees for services: Accounting | $6,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,765 |
| Advertising and promotion | $28,673 |
| Office expenses | $50,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,923 |
| 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 | $99,065 |
| Insurance | $67,395 |
| All other expenses | $180,667 |
| Total functional expenses | $3,111,921 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,699 |
| Savings and temporary cash investments | $352,716 |
| 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 | $1,414,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,549,410 |
| Accounts payable and accrued expenses | $3,653 |
| 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 | $135,679 |
| Other liabilities | $0 |
| Total liabilities | $139,332 |
| Net assets without donor restrictions | $2,410,078 |
| 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 | $2,549,410 |