Marion County Agricultural Fair Association Inc
- Assets
- $1.6m
- Revenue
- $471.4k
- Investments
- $0.0
- Employees
- 14
- Location
- Indianapolis, IN
- Founding
- 03/2015
- Data as of
- 12/2020
- EIN
- 35-0972461
Organization Overview
Marion County Agricultural Fair Association Inc is located in Indianapolis, IN. The organization was established in 2015. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2020, Marion County Agricultural Fair Association Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marion County Agricultural Fair Association 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 12/2020, Marion County Agricultural Fair Association Inc generated $471.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $520.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. 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
ENDEAVOR TO PRESERVE THE AGRICULTURAL HERITAGE OF MARION COUNTY, WHILE PROVIDING AN ENJOYABLE, SAFE, YEAR-ROUND, MULTI-USE FACILITY THAT SERVES THE NEEDS OF THE MARION COUNTY COMMUNITY WITH AN EMPHASIS ON YOUTH EDUCATION, ENTERTAINMENT, AGRICULTURE AND RECREATION THAT ENHANCES PARTNERSHIPS IN BUILDING A STRONGER, MORE VIBRANT AND COHESIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AN AGRICULTURAL FAIR FOR ALL COMMUNITY MEMBERS AND MAINTAIN FAIRGROUNDS WITH AN EMPHASIS ON YOUTH EDUCATION, ENTERTAINMENT, AGRICULTURE AND RECREATION.
PROVIDE AN AGRICULTURAL FAIR FOR ALL COMMUNITY MEMBERS AND MAINTAIN FAIRGROUNDS WITH AN EMPHASIS ON YOUTH EDUCATION, ENTERTAINMENT, AGRICULTURE AND RECREATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kaye Elliott Vice Preside | OfficerTrustee | 5 | $0 |
Cindy Mowery President | OfficerTrustee | 5 | $0 |
Joe Goins Treasurer | OfficerTrustee | 5 | $0 |
Susie Day Secretary | OfficerTrustee | 5 | $0 |
Ladonna Freeman Director | Trustee | 2 | $0 |
Brenda Carter Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $384,192 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,765 |
| 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 | $471,428 |
| 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 | $69,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,298 |
| Office expenses | $10,714 |
| 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 | $0 |
| Interest | $8,978 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,754 |
| Insurance | $44,861 |
| All other expenses | $22,772 |
| Total functional expenses | $520,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,840 |
| Savings and temporary cash investments | $2,378 |
| 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 | $3,460 |
| Net Land, buildings, and equipment | $1,389,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,443 |
| Other assets | $0 |
| Total assets | $1,559,652 |
| Accounts payable and accrued expenses | $757 |
| 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 | $309,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $309,757 |
| Net assets without donor restrictions | $1,249,895 |
| 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 | $1,559,652 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |