Marshall County Agriculture Association
- Assets
- $1.4m
- Revenue
- $437.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Warren, MN
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 41-6037329
Organization Overview
Marshall County Agriculture Association is located in Warren, MN. The organization was established in 2005. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Marshall County Agriculture Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marshall County Agriculture Association 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 12/2021, Marshall County Agriculture Association generated $437.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $296.0k during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION SPONSORS AND MANAGES THE MARSHALL COUNTY FAIR WHICH PROVIDES AN OPPORTUNITY FOR COUNTY CITIZENS TO FRATERNIZE AND PROMOTE 4H ACTIVITIES.
Describe the Organization's Program Activity:
AT THE CORE OF THE MARSHALL AGRICULTURAL ASSOCIATION IS EDUCATION. WE ARE A TEACHING INSTITUTION FOR AGES 8-80 WITH TOPICS AS LIVESTOCK, AGRICULTURE, HORTICULTURE, HOMEMAKING, FINE ARTS AND WOODWORKING TO NAME A FEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Kroll Vice President | OfficerTrustee | 1 | $0 |
Jim Myrfield President | OfficerTrustee | 1 | $0 |
Mike St Germain Treasurer | OfficerTrustee | 1 | $0 |
Cindy Anderson Secretary/manager | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,097 |
| All other contributions, gifts, grants, and similar amounts not included above | $96,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,690 |
| Total Program Service Revenue | $173,783 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,481 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $437,670 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,381 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,234 |
| Office expenses | $6,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,419 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,200 |
| Interest | $8,056 |
| Payments to affiliates | $640 |
| Depreciation, depletion, and amortization | $29,805 |
| Insurance | $951 |
| All other expenses | $3,942 |
| Total functional expenses | $296,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $375,354 |
| 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 | $1,060,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,435,494 |
| 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 | $640,886 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $450 |
| Total liabilities | $641,336 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $794,158 |
| Total liabilities and net assets/fund balances | $1,435,494 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marshall County Agriculture Association has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
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 |