Steele County Agricultural Society
- Assets
- $2.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 41
- Location
- Owatonna, MN
- Founding
- 01/2014
- Data as of
- 09/2023
- EIN
- 41-6038084
Organization Overview
Steele County Agricultural Society is located in Owatonna, MN. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2023, Steele County Agricultural Society employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steele 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 09/2023, Steele County Agricultural Society generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE, MANUFACTURING, NEW TECHNOLOGY AND HOME ECONOMICS INDUSTRIES
Describe the Organization's Program Activity:
ORGANIZATION OF THE ANNUAL COUNTY FAIR THAT RAN AUGUST 15 - 20, 2023 AND INCLUDED LIVESTOCK SHOWS, CARNIVAL, GRANDSTAND EVENTS, 4-H EXHIBITS AND CONCESSIONS.THE 2023 STEELE COUNTY FREE FAIR HAD OVER 300,000 PEOPLE ATTEND. THE INCOME AND EXPENSES ARE THE REMAINDER AFTER THE MAINTENANCE AND PREMIUM AMOUNTS WERE DEDUCTED FROM THE TOTALS. MOST OF THE INCOME AND EXPENSES GO DIRECTLY TOWARDS THE COST OF PUTTING ON THE FAIR.
MAINTENANCE OF COUNTY FAIRGROUNDS FOR THE USE OF THE COMMUNITY FOR PUBLIC EVENTS, PRIVATE EVENTS AND STORAGE.THE EXPENSES ARE ESTIMATED BASED ON USE OF BUILDINGS, THE ESTIMATED MAN-HOURS AND OTHER EXPENSES FOR THE PRINCIPAL BUILDINGS AND AREAS USED BY THE COMMUNITY FOR EVENTS AND ACTIVITIES. WE OFTEN DONATE STAFF TIME FOR COMMUNITY EVENTS AND SOMETIMES DONATE THE USE OR RENTAL OF BUILDINGS. THE INCOME IS TRACKED MORE SPECIFICALLY FOR THIS CATEGORY AND REFLECTS ACTUAL DATA.
PREMIUMS AND AWARDS FOR ENTRIES MADE IN THE AREAS OF LIVESTOCK, AGRICULTURE, HOME AND CREATIVE ARTS, 4-H & FFA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kozelka Manager/secertary | OfficerTrustee | 40 | $78,890 |
Dan Deml President | OfficerTrustee | 4 | $1,050 |
Wayne Steele Vice President | OfficerTrustee | 4 | $0 |
Timothy Arlt Treasurer | OfficerTrustee | 15 | $6,000 |
James Abbe Director | Trustee | 2.5 | $0 |
Bruce Busho Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $121,321 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,558 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,879 |
| Total Program Service Revenue | $1,519,603 |
| Investment income | $6,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $220,421 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $3,559 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,894,346 |
| 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. | $89,786 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,506 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $83,574 |
| Office expenses | $41,715 |
| Information technology | $4,724 |
| Royalties | $0 |
| Occupancy | $318,741 |
| Travel | $966 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,641 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,458 |
| Insurance | $97,694 |
| All other expenses | $205,357 |
| Total functional expenses | $1,764,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $423,586 |
| Savings and temporary cash investments | $354,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,634 |
| 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 | $15,799 |
| Net Land, buildings, and equipment | $2,129,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,125 |
| Total assets | $2,943,248 |
| Accounts payable and accrued expenses | $24,280 |
| Grants payable | $0 |
| Deferred revenue | $10,020 |
| 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 | $153,985 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,776 |
| Total liabilities | $203,061 |
| Net assets without donor restrictions | $2,740,187 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,943,248 |