Mower County Agricultural Society
- Assets
- $449.1k
- Revenue
- $563.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Austin, MN
- Founding
- 05/2009
- Data as of
- 09/2021
- EIN
- 41-0708486
Organization Overview
Mower County Agricultural Society is located in Austin, MN. The organization was established in 2009. 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. As of 09/2023, Mower County Agricultural Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mower 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 09/2021, Mower County Agricultural Society generated $563.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $404.4k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AGRICULTURAL, HORTICULTURAL AND MECHANICAL ARTS IN THE COMMUNITY BY MAINTAINING AND UTILIZING THE MOWER COUNTY FAIRGROUNDS FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION AND PRODUCTION OF THE ANNUAL COUNTY FAIR THAT INCLUDES LIVESTOCK SHOWS, 4-H EXHIBITS, GRANDSTAND EVENTS, FREE-STAGE EVENTS, CARNIVAL, AND VENDOR CONCESSIONS. THE FAIR WAS HELD FROM AUGUST 8-13, 2023.
ORGANIZATION HOLDS THE NATIONAL BARROW SHOW AT THE MOWER COUNTY FAIRGROUNDS FOR PROMOTION OF AGRICULTURAL EVENTS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Finley President | OfficerTrustee | 5 | $0 |
Randy Feuring Vice President | OfficerTrustee | 5 | $0 |
Julie Hendrickson Secretary | OfficerTrustee | 5 | $0 |
Doug Jax Treasurer | OfficerTrustee | 5 | $0 |
Jerry Risius Director | Trustee | 5 | $0 |
Jason Duffy Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,270 |
| Investment income | $1,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,739 |
| 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 | $563,357 |
| 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. | $900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,259 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,231 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,046 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,861 |
| Office expenses | $7,790 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,955 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,050 |
| Insurance | $1,845 |
| All other expenses | $0 |
| Total functional expenses | $404,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,525 |
| Savings and temporary cash investments | $158,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,935 |
| 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 | $373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $449,139 |
| Accounts payable and accrued expenses | $54,086 |
| Grants payable | $0 |
| Deferred revenue | $5,245 |
| 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 | $16,765 |
| Total liabilities | $76,096 |
| 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 | $373,043 |