Walworth County Agricultural Society
- Assets
- $2.9m
- Revenue
- $904.0k
- Investments
- $0.0
- Employees
- 52
- Location
- Elkhorn, WI
- Founding
- 08/1958
- Data as of
- 10/2020
- EIN
- 39-0835730
Organization Overview
Walworth County Agricultural Society is located in Elkhorn, WI. The organization was established in 1958. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Walworth County Agricultural Society employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Walworth 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 10/2020, Walworth County Agricultural Society generated $904.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.4m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (6.7%) 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
OPERATING COUNTY FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACHIEVE THE OBJECTIVE OF IMPROVING THE CHARACTER AND OPERATIONS OF AGRICULTURE, HORTICULTURE, AND THE MECHANICAL AND HOUSEHOLD ARTS.
EXPENSES INCURRED BY UNRELATED TAXABLE BUSINESS INCOME
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Klewin Treasurer | Trustee | 4 | $2,320 |
Dave Adams President | Trustee | 4 | $1,864 |
Eileen Walsh Grzenia Secretary | Trustee | 4 | $1,842 |
Loretta Meinel Vice Preside | Trustee | 4 | $1,842 |
Gregory Sawtelle Director | Trustee | 4 | $1,820 |
Kenneth Markham Director | Trustee | 4 | $1,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,896 |
| Investment income | $849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $294,846 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $188,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $904,049 |
| Statement of Expenses | |
|---|---|
| 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. | $16,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $420,614 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $35,840 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,895 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $169,305 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,359,789 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,109 |
| Savings and temporary cash investments | $163,847 |
| Pledges and grants receivable | $6,824 |
| Accounts receivable, net | $12,513 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,813 |
| Prepaid expenses and deferred charges | $1,380 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,948,383 |
| Accounts payable and accrued expenses | $43,367 |
| Grants payable | $0 |
| Deferred revenue | $155,371 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $448,738 |
| 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 |
| Total liabilities and net assets/fund balances | $2,499,645 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Walworth County Agricultural Society has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
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 |