Racine County Agricultural Society Inc
- Assets
- $3.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Union Grove, WI
- Founding
- 12/1981
- Data as of
- 10/2022
- EIN
- 39-1388270
Organization Overview
Racine County Agricultural Society Inc is located in Union Grove, WI. The organization was established in 1981. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 10/2022, Racine County Agricultural Society Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racine County 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 10/2022, Racine County Agricultural Society Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.2m during the year ending 10/2022. While expenses have increased by 2.7% 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
TO ORGANIZE AND OPERATE THE ANNUAL RACINE COUNTY FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RACINE COUNTY FAIR IS A FIVE DAY ANNUAL EVENT IN WHICH APPROXIMATELY 2,000 YOUTH AND ADULTS EXHIBIT PROJECTS AND GENERAL ATTENDANCE EXCEEDS 100,000. THE FAIR PROVIDES YOUTH AN OPPORTUNITY TO DEVELOP SKILLS AND HOBBIES AND DISPLAY THEIR PROJECTS IN COMPETITION WITH OTHER YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Bratz Vice Preside | OfficerTrustee | $0 | |
Jeff Busch President | OfficerTrustee | $0 | |
Marty Christensen Executive Di | OfficerTrustee | $0 | |
Kris Endemann Treasurer | OfficerTrustee | $0 | |
Tammy Brever Board Member | Trustee | $0 | |
Jeff Ehrhart Executive Di | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,560 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $224,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,137 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,096 |
| Total Program Service Revenue | $1,270,529 |
| Investment income | $4,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,754 |
| 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 | $1,782,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,775 |
| 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 | $127,839 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $22,410 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,780 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,241 |
| Insurance | $86,583 |
| All other expenses | $396,666 |
| Total functional expenses | $1,243,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $608,736 |
| Savings and temporary cash investments | $528,407 |
| 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 | $1,935,655 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,072,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $11,075 |
| 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 | $11,075 |
| Net assets without donor restrictions | $3,061,723 |
| 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 | $3,072,798 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racine County Agricultural Society Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
Iowa Ffa Foundation Ankeny, IA | $12,403,855 | $1,572,741 |
Future Farmers Of America Ankeny, IA | $634,939 | $1,032,160 |
Wisconsin 4-H Foundation Inc Madison, WI | $5,255,333 | $529,277 |
Allegan County Youth Livestock Leaders Allegan, MI | $21,744 | $673,258 |
Future Farmers Of America Springfield, IL | $314,037 | $700,241 |
Illinois Foundation Future Farmers Of America Inc Springfield, IL | $1,899,527 | $790,765 |
Wisconsin Association Of Ffa Incorporated Madison, WI | $865,211 | $467,320 |
Clare County Junior Livestock Association Clare, MI | $31,400 | $575,231 |
The Wisconsin Ffa Foundation Inc Madison, WI | $2,205,553 | $598,609 |
Kent County Youth Agricultural Association Lowell, MI | $3,983,263 | $942,280 |
Michigan 4-H Foundation East Lansing, MI | $11,753,890 | $218,214 |