Steele County Agricultural Society
- Assets
- $2.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Owatonna, MN
- Founding
- 01/2014
- Data as of
- 09/2021
- 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 09/2021, Steele County Agricultural Society employed 14 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 09/2021, Steele County Agricultural Society generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 3.8% per year over the past 6 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
PROMOTE AGRICULTURE, MANUFACTURING, AND HOME ECONOMICS INDUSTRY
Describe the Organization's Program Activity:
ORGANIZATION OF THE ANNUAL COUNTY FAIR THAT RAN AUGUST 17 - 22, 2021 AND INCLUDED LIVESTOCK SHOWS, CARNIVAL, GRANDSTAND EVENTS, 4-H EXHIBITS AND CONCESSIONS.
MAINTENANCE OF COUNTY FAIRGROUNDS FOR THE USE OF THE COMMUNITY FOR PUBLIC EVENTS, PRIVATE EVENTS AND STORAGE.
PREMIUMS AND AWARDS FOR ENTRIES MADE IN THE AREAS OF LIVESTOCK, AGRICULTURE, HOME AND CREATIVE ARTS, 4-H & FFA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kozelka Manager/secertary | OfficerTrustee | 40 | $79,928 |
Tim Arlt Treasurer | OfficerTrustee | 18 | $2,000 |
Dan Deml President | OfficerTrustee | 8 | $1,050 |
Wayne Steele Vice President | OfficerTrustee | 8 | $0 |
James Abbe Director | Trustee | 4 | $0 |
Bruce Busho Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,248 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $353,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,708 |
| Total Program Service Revenue | $1,135,134 |
| Investment income | $462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $138,989 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,462 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,653,755 |
| 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. | $82,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,287 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $170 |
| Fees for services: Accounting | $9,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $76,142 |
| Office expenses | $22,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $289,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,227 |
| Insurance | $58,236 |
| All other expenses | $92,479 |
| Total functional expenses | $1,311,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,473 |
| Savings and temporary cash investments | $4,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,483 |
| 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 | $1,895,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,292,142 |
| Accounts payable and accrued expenses | $6,411 |
| Grants payable | $0 |
| Deferred revenue | $16,813 |
| 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 | $195,113 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,807 |
| Total liabilities | $223,144 |
| Net assets without donor restrictions | $2,068,998 |
| 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 | $2,292,142 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Steele County Agricultural Society has recieved totaling $26,000.
| Awarding Organization | Amount |
|---|---|
Owatonna Foundation Inc Owatonna, MN PURPOSE: SIDING FOR BUILDING | $25,000 |
Gandrud Foundation Owatonna, MN PURPOSE: TO PROVIDE ASSISTANCE TO FURTHER PROGRAM MISSION. | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Wisconsin Center For Manufacturing And Productivity Inc Madison, WI | $1,793,408 | $5,861,220 |
Heritage Christian Schools Inc New Berlin, WI | $9,766,972 | $6,403,349 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |
Wisconsin Eschool Network Inc Burlington, WI | $5,717,556 | $6,828,639 |
Grand View Christian School Association Inc Des Moines, IA | $3,097,175 | $6,383,728 |
Project Success-Students Undertaking Creative Control Minneapolis, MN | $9,553,286 | $4,323,696 |
Central Minnesota Christian School Prinsburg, MN | $18,739,916 | $5,096,698 |