Traverse County Agricultural Assn
- Assets
- $278.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wheaton, MN
- Founding
- 11/1941
- Data as of
- 10/2023
- EIN
- 41-0712540
Organization Overview
Traverse County Agricultural Assn is located in Wheaton, MN. The organization was established in 1941. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Traverse County Agricultural Assn is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2023, Traverse County Agricultural Assn generated $85.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.6%) each year. All expenses for the organization totaled $65.1k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (27.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
AGRICULTURAL ASSOCIATION - COUNTY FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerome Deal President | 0 | $0 | |
Dale Vatthauer Director | 0 | $0 | |
Janet Koch Director | 0 | $0 | |
Jim Olson Director | 0 | $0 | |
Joshua Behrens Director | 0 | $0 | |
Mark Hormann Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,453 |
| Total Program Service Revenue | $303 |
| Membership dues | $0 |
| Investment income | $88 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,661 |
| Other Revenue | $8,195 |
| Total Revenue | $85,700 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,865 |
| Occupancy, rent, utilities, and maintenance | $31,658 |
| Printing, publications, postage, and shipping | $1,982 |
| Other expenses | $24,635 |
| Total expenses | $65,140 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,077 |
| Other assets | $0 |
| Total assets | $278,468 |
| Total liabilities | $46,848 |
| Net assets or fund balances | $231,620 |