Henry County Agricultural Society Inc
- Assets
- $955.6k
- Revenue
- $711.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Napoleon, OH
- Founding
- 10/2016
- Data as of
- 11/2021
- EIN
- 34-4444731
Organization Overview
Henry County Agricultural Society Inc, operating under the name Agricultural Society Inc, is located in Napoleon, OH. The organization was established in 2016. 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, Agricultural Society Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agricultural Society Inc 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 11/2021, Agricultural Society Inc generated $711.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $473.4k during the year ending 11/2021. 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
PROMOTION OF AGRICULTURE AWARENESS TO THE GENERAL PUBLIC SUCH AS THE PROMOTION OF GRAIN, CATTLE, SWINE, DAIRY, SHEEP, HORSES, GOATS, FOWL AND VEGETABLES. PROVIDE WHOLESOME ENTERTAINMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICES EXPENSES, INCLUDES $84,783 FOR WHOLESOME ENTERTAINMENT AT OUR HENRY COUNTY FAIR. OTHER SERVICES INCLUDE DIRECTING TRAFFIC, ANNUAL FIRE EXTINGUISHER SERVICE, SHUTTLE, VETERINARIAN, AUDITING AND LEGAL SERVICES. WE OFFER FREE GRANDSTAND FOR OUR ENTERTAINMENT AS WELL AS FREE ENTERTAINMENT OTHER THAN AT THE GRANDSTAND. WE ALSO HAVE FREE PARKING. THE MAJORITY OF OUR FAIR INCOME IS FROM GENERAL ADMISSIONS, CONCESSIONAIRES AND MERCHANTS. THIS MAKES OUR REVENUE BY EXPENSE NON-ALLOCABLE.
OTHER PROGRAM SERVICES LISTED IN FORM 990, PART IX COLUMN B. REVENUE IS NON-ALLOCABLE.
RACE EXPENSES INCLUDE PURSES OF $91,708. OTHER NECESSARY EXPENSES TO HAVE HARNESS HORSE RACES AT OUR FAIR ARE FEES FOR THE STARTING GATE, PHOTO FINISH, ANNOUNCER AND JUDGES, RACE PROGRAMS, TROPHIES, PERMITS AND FEES. THE HARNESS HORSE RACING IS AN INSTRUMENTAL PART OF PROMOTING AGRICULTURE AND IS ALSO WHOLESOME ENTERTAINMENT. REVENUES RECEIVED FROM THE STATE OF OHIO SPECIFICALLY FOR THE RACES WERE $2954. ENTRY FEES, SPEED FEES AND OTHER ITEMS OF REVENUE WERE $96,728. GENERAL ADMISSIONS ARE NON-ALLOCABLE.
PROPERTY EXPENSES INCLUDE ELECTRICIAN EXPENSES FOR THE FAIR, GATE WORKERS, PEST CONTROL, SECURITY SERVICES, COMPUTER SERVICES, RESTROOMS AND GROUNDS CLEANING SERVICES, TRASH HAULING SERVICES,SOUND SYSTEM SERVICES, REAL ESTATE TAXES AND TREE WORK SERVICES. THESE ARE NECESSARY EXPENSES TO OPERATE THE HENRY COUNTY FAIR. THERE IS NO ALLOCABE INCOME FOR OUR PROPERTY EXPENSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cinda Bretz Secretary | OfficerTrustee | 10 | $17,003 |
James Agler Vice President | OfficerTrustee | 6 | $0 |
Joshua Rettig President | OfficerTrustee | 4 | $0 |
Wayne Michaelis Treasurer | OfficerTrustee | 4 | $0 |
Daniel Wachtman Director | Trustee | 1 | $0 |
Austin Genter Director At Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86 |
| Fundraising events | $3,240 |
| Related organizations | $0 |
| Government grants | $74,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,816 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,436 |
| Total Program Service Revenue | $423,012 |
| Investment income | $98 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $116,393 |
| 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 | $711,119 |
| 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. | $17,003 |
| Compensation of current officers, directors, key employees. | $17,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,240 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| 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 | $7,500 |
| Office expenses | $3,479 |
| 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 | $5,564 |
| Interest | $3,373 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,082 |
| All other expenses | $223,882 |
| Total functional expenses | $473,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,977 |
| Savings and temporary cash investments | $210,493 |
| 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 | $669,528 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,590 |
| Total assets | $955,588 |
| 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 | $955,588 |
| 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 | $955,588 |
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 |