Waseca County Agricultural Society
- Assets
- $199.8k
- Revenue
- $357.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Waseca, MN
- Founding
- 10/2012
- Data as of
- 09/2021
- EIN
- 41-0740275
Organization Overview
Waseca County Agricultural Society is located in Waseca, MN. The organization was established in 2012. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Waseca County Agricultural Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waseca 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, Waseca County Agricultural Society generated $357.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $268.0k 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
PROMOTE AGRICULTURAL PROGRAMS & ACTIVITES FOR WASECA COUNTY AREA YOUTH & ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AGRICULTURAL PROGRAMS & ACTIVITES FOR WASECA COUNTY AREA YOUTH & ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Dulas Sec/treasurer | OfficerTrustee | 10 | $9,500 |
Kaitlyn Androli Director | Trustee | 3 | $0 |
Serena Frazier Director | Trustee | 3 | $0 |
Jennie Johnson 2nd Vice Pres | OfficerTrustee | 4 | $0 |
Jeff Johnson Director | Trustee | 3 | $0 |
Tyler Huber Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,658 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,222 |
| 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 | $356,955 |
| 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. | $11,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,321 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,216 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,806 |
| Advertising and promotion | $15,327 |
| Office expenses | $2,734 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,138 |
| 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 | $9,502 |
| Insurance | $7,944 |
| All other expenses | $0 |
| Total functional expenses | $268,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,953 |
| 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 | $0 |
| Total assets | $199,750 |
| Accounts payable and accrued expenses | $5,519 |
| 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 | $15,000 |
| Other liabilities | $0 |
| Total liabilities | $20,519 |
| 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 | $179,231 |