Meeker County Agricultural Society
- Assets
- $938.9k
- Revenue
- $118.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Litchfield, MN
- Founding
- 05/1945
- Data as of
- 09/2020
- EIN
- 41-0805327
Organization Overview
Meeker County Agricultural Society is located in Litchfield, MN. The organization was established in 1945. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2022, Meeker County Agricultural Society employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meeker 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 09/2020, Meeker County Agricultural Society generated $118.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $111.6k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR OPERATION OF A COUNTY FAIR GIVES RURAL YOUTH AN OPPORTUNITY TO DISPLAY THEIR ACHIEVEMENTS IN A RECEPTIVE SETTING. THE FAIR ALSO GIVES RURAL RESIDENTS IN GENERAL A VENUE TO MEASURE THEIR PROGRESS IN AGRICULTUREAL AND RURAL ACTIVITIES AGAINST OTHER RESIDENTS. IT GIVES COUNTY RESIDENTS AND OTHERS A PLACE TO SEE AGRICULTURE AND RURAL LIVING AT ITS BEST. OUR COUNTY FAIR ALLOWED 280 4H YOUTH TO GAIN EVALUATION OF THEIR PROJECTS AND TO PARTICIPATE IN FRIENDLY COMPETITION. IT ALSO ALLOWED 40 FFA MEMBERS THIS OPPORTUNITY. I NOUR COMPETITIONS OPEN TO ALL AGES, MORE THAN 430 PARTICIPATED. OUR FAIR WAS VISITED BY OVER 15,000 WHO CAME TO SEE THE EXHIBITS AND DISPLAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPPORTUNITIES WERE PROVIDED FOR 4H YOUTH TO SHOWCASE THEIR PROJECTS FOR THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Nelson President | OfficerTrustee | 2 | $0 |
Bobbi Jo Valiant Secretary | OfficerTrustee | 2 | $0 |
Loree Schultz Treasurer | OfficerTrustee | 2 | $0 |
Jill Traut Vice President | OfficerTrustee | 2 | $0 |
Rachael Rusch Director | Trustee | 2 | $0 |
Geroge Karel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,469 |
| Investment income | $7 |
| 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 | $6,887 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,269 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,222 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $164 |
| 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 | $0 |
| Office expenses | $4,763 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $625 |
| Interest | $12,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,988 |
| Insurance | $2,792 |
| All other expenses | $0 |
| Total functional expenses | $111,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,524 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $199,967 |
| 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 | $938,877 |
| 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 | $405,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $405,700 |
| 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 | $533,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |