Carlton County Agricultural & Industry
- Assets
- $696.8k
- Revenue
- $349.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Barnum, MN
- Founding
- 09/1943
- Data as of
- 09/2021
- EIN
- 41-0713519
Organization Overview
Carlton County Agricultural & Industry is located in Barnum, MN. The organization was established in 1943. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Carlton County Agricultural & Industry employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carlton County Agricultural & Industry is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2021, Carlton County Agricultural & Industry generated $349.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $357.1k during the year ending 09/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUT ON A COUNTY FAIR FOR 4 DAYS IN AUGUST
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSTED A COUNTY FAIR FOR 4 DAYS IN AUGUST INCLUDING VENDORS ENTERTAINMENT RACING AND A CARNIVAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Larson Fair Manager | Officer | 20 | $14,603 |
Steven Loucks President | Officer | 15 | $11,760 |
Dave Nelson Maintenance | Officer | 12 | $9,160 |
Heather Wright Vice President | Officer | 3 | $0 |
Roger Gustafson Treasurer | Officer | 2 | $0 |
Tim Larson Director | Trustee | 2 | $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 | $52,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,825 |
| Total Program Service Revenue | $297,008 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $349,852 |
| 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. | $35,523 |
| Compensation of current officers, directors, key employees. | $26,642 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,873 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,295 |
| Office expenses | $5,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,123 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,477 |
| Insurance | $4,394 |
| All other expenses | $9,409 |
| Total functional expenses | $357,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,884 |
| 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 |
| Net Land, buildings, and equipment | $613,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $696,760 |
| 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 | $106,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $106,809 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $13,478 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $576,473 |
| Total liabilities and net assets/fund balances | $696,760 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
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 |