Norman County Agricultural Society
- Assets
- $717.3k
- Revenue
- $64.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ada, MN
- Founding
- 11/1951
- Data as of
- 09/2020
- EIN
- 41-0706737
Organization Overview
Norman County Agricultural Society is located in Ada, MN. The organization was established in 1951. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Norman 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 09/2020, Norman County Agricultural Society generated $64.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $35.7k during the year ending 09/2020. While expenses have increased by 5.3% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING AN AGRICULTURAL FAIR AND EXPOSITION FOR THE DISPLAY AND EDUCATION OF AGRICULTURAL EXHIBITS.
CONDUCTING AN AGRICULTURAL FAIR AND EXPOSITION FOR THE DISPLAY AND EDUCATION OF AGRICULTURAL EXHIBITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Merkens President | Officer | 4 | $0 |
Dennis Riepe Vice President | Officer | 2 | $0 |
Danette Gwin Secretary | Officer | 4 | $0 |
Gerrie Aasland Treasurer | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,362 |
| Investment income | $615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,490 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,369 |
| 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. | $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 | $1,250 |
| 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 | $0 |
| 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 | $3,576 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,429 |
| All other expenses | $0 |
| Total functional expenses | $35,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,328 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $717,305 |
| 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 | $9,910 |
| Total liabilities and net assets/fund balances | $717,305 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Norman County Agricultural Society has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |
Eat Greater Des Moines Des Moines, IA | $273,044 | $4,607,206 |
Minnesota Dairy Herd Improvement Association Buffalo, MN | $3,993,278 | $4,605,052 |
South Dakota Beef Industry Council Inc Pierre, SD | $1,193,198 | $4,031,431 |
Wisconsin Farm Bureau Federation Cooperative Madison, WI | $4,550,092 | $4,122,654 |
Midwest Organic Services Association Inc Viroqua, WI | $1,818,128 | $3,921,446 |
Practical Farmers Of Iowa Ames, IA | $3,629,239 | $3,884,964 |
Minnesota Farm Bureau Federation Eagan, MN | $5,972,821 | $4,797,144 |
United Food And Commercial Workers International Union Davenport, IA | $6,040,985 | $2,950,808 |