Carlton County Agricultural & Industry
- Assets
- $782.5k
- Revenue
- $448.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Barnum, MN
- Founding
- 09/1943
- Data as of
- 09/2022
- 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 09/2022, 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 09/2022, Carlton County Agricultural & Industry generated $448.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $374.9k during the year ending 09/2022. While expenses have increased by 3.6% per year over the past 4 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
2022
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 THE CARLTON COUNTY FAIR FOR 4 DAYS IN AUGUST
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Loucks President | Officer | 15 | $13,186 |
Heather Wright Vice President | Officer | 5 | $0 |
James Calhoun Treasurer | Officer | 3 | $0 |
Tim Larson Director | Trustee | 2 | $0 |
Peter Laveau Director | Trustee | 2 | $0 |
Steve Schmidt 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 | $65,896 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,896 |
| Total Program Service Revenue | $382,077 |
| Investment income | $39 |
| 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 | $448,012 |
| 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. | $34,199 |
| Compensation of current officers, directors, key employees. | $25,307 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,232 |
| 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 | $22,866 |
| Office expenses | $5,066 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,996 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,560 |
| Insurance | $15,319 |
| All other expenses | $0 |
| Total functional expenses | $374,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,081 |
| 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 | $654,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,510 |
| 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 | $93,245 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,454 |
| Total liabilities | $95,699 |
| 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 | $673,333 |
| Total liabilities and net assets/fund balances | $782,510 |