Roseau County Agricultural Society
- Assets
- $628.0k
- Revenue
- $363.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Roseau, MN
- Founding
- 11/1981
- Data as of
- 09/2022
- EIN
- 41-0628592
Organization Overview
Roseau County Agricultural Society is located in Roseau, MN. The organization was established in 1981. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2022, Roseau County Agricultural Society employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roseau 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 09/2022, Roseau County Agricultural Society generated $363.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $293.5k during the year ending 09/2022. While expenses have increased by 1.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION OF ROSEAU COUNTY FREE GATE FAIR FOR ALL TO ATTEND FOR ENTERTAINENT AND TO SHOW THEIR EXHIBITS AND ANIMALS.
Describe the Organization's Program Activity:
CARNIVAL AT THE ROSEAU COUNTY FAIR JULY 19-22, 2022.
GRANDSTAND ENTERTAINMENT - INCLUDES BUSH CAR RACES, RODEO, AND DEMO DERBY RACES.
INCOME & EXPENSE RELATED TO CONCESSION STANDS PROFITS, RENTAL OF FAIR BOOTHS, SPONSORSHIPS, AND BANQUET.
LONG TERM RENTAL INCOME (RELATED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Magnusson Secretary | OfficerTrustee | 10 | $1,800 |
Mark Wilson Treasurer | OfficerTrustee | 10 | $0 |
Dale Billberg Vice-President | OfficerTrustee | 10 | $0 |
John Gaukerud President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $86,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,746 |
| Total Program Service Revenue | $275,796 |
| Investment income | $281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $280 |
| 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 | $363,103 |
| 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. | $7,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,286 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,285 |
| Office expenses | $1,398 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,093 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,076 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,343 |
| Insurance | $0 |
| All other expenses | $40,033 |
| Total functional expenses | $293,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,430 |
| Savings and temporary cash investments | $0 |
| 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 | $800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $432,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,650 |
| Total assets | $628,016 |
| Accounts payable and accrued expenses | $2,288 |
| 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 | $2,288 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $628,016 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Roseau County Agricultural Society has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
North Dakota Crop Improvement & Seed Association Fargo, ND | $643,754 | $1,270,188 |
Fox Valley Cooperative Farm Management Association Appleton, WI | $1,517,902 | $1,296,929 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Northern Plains Potato Growers Association East Grand Forks, MN | $1,522,109 | $1,231,654 |
Wisconsin Crop Improvement Association Agronomy Building Middleton, WI | $1,498,748 | $660,442 |
Wisconsin State Cranbery Growers Association Wisconsin Rapids, WI | $202,268 | $675,448 |
Scott County Agricultural Society Inc Jordan, MN | $1,086,057 | $784,804 |
North Dakota Grain Growers Association West Fargo, ND | $770,775 | $713,248 |