Furnas County Agricultural Society
- Assets
- $366.3k
- Revenue
- $180.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaver City, NE
- Founding
- 01/1995
- Data as of
- 11/2022
- EIN
- 36-3885609
Organization Overview
Furnas County Agricultural Society is located in Beaver City, NE. The organization was established in 1995. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, 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. Furnas 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 11/2022, Furnas County Agricultural Society generated $180.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $169.7k during the year ending 11/2022. While expenses have increased by 7.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES A FREE COUNTY FAIR FOR FURNAS COUNTY, NEBRASKA, INCLUDING A HOME- OWED CARNIVAL & RIDES, SUPERVISES ENTERTAINMENT FOR FAIR INCLUDING RODEO, DEMOLITION DERBY, AND FACILITATES 4-H ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTUAL COSTS RELATED TO THE RODEO AND COUNTY FAIR,
EXPENSES RELATED TO THE OPERATION OF THE FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Baily Director | Officer | $0 | |
Cory Tegtman President | Officer | $0 | |
Travis Theobald Secretary/tr | Officer | $0 | |
Doug Bergman 2nd Vice-Pre | Officer | $0 | |
Steve Hunt Director | Officer | $0 | |
Phil Mcinturf Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,975 |
| 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 | $6,975 |
| Total Program Service Revenue | $0 |
| Investment income | $593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $180,152 |
| 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 | $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 | $405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,664 |
| Advertising and promotion | $9,974 |
| Office expenses | $7,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,806 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,240 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,553 |
| All other expenses | $0 |
| Total functional expenses | $169,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,493 |
| Savings and temporary cash investments | $82,800 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,293 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $366,293 |
| Total liabilities and net assets/fund balances | $366,293 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Association For Food Protection Inc Des Moines, IA | $6,002,857 | $4,277,261 |
Nebraska Pork Producers Assn Inc Lincoln, NE | $1,172,751 | $1,258,116 |
Iowa Institute For Cooperatives Ames, IA | $1,054,400 | $967,389 |
Retail Confectioners Institute International Springfield, MO | $1,208,078 | $571,607 |
Colorado School Nutrition Association Denver, CO | $417,316 | $404,359 |
Colorado Ag Education Inc Greeley, CO | $555,919 | $382,387 |
Us Pork Center Of Excellence Clive, IA | $517,330 | $150,903 |
Education Foundation Of American Society Of Farm Managers & Ru Appr Glendale, CO | $957,666 | $168,100 |
Jasper County Agricultural Society Colfax, IA | $101,347 | $0 |
Dickinson County Agricultural Society Spirit Lake, IA | $3,101,777 | $275,215 |
Furnas County Agricultural Society Beaver City, NE | $366,293 | $180,152 |
Colorado Fruit And Vegetable Growers Association Eaton, CO | $332,772 | $384,842 |