Clinton County Agricultural Society
- Assets
- $1.3m
- Revenue
- $459.5k
- Investments
- $10.0k
- Employees
- 4
- Location
- Dewitt, IA
- Founding
- 09/1952
- Data as of
- 09/2023
- EIN
- 42-6075529
Organization Overview
Clinton County Agricultural Society is located in Dewitt, IA. The organization was established in 1952. 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, Clinton County Agricultural Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clinton 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, Clinton County Agricultural Society generated $459.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $393.8k during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MOST SIGNIFICANT ACTIVITY IS TO HOST THE ANNUAL COUNTY FAIR. DURING THE REMAINDER OF THE YEAR, OUR FACILTIES ARE USED FOR 4-H ACTIVITIES AND OTHER COMMUNITY EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF AGRICULTURE BY ORGANIZING AND CONDUCTING THE ANNUAL COUNTY FAIR WITH PARTICIPATION FROM 19 LOCAL 4-H, CLOVER, AND FFA CLUBS, AS WELL AS MANY ADULTS FROM THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Stevenson Fair Secreta | Officer | 20 | $13,519 |
Curtis Barber Board Member | Trustee | 2 | $0 |
Megan Burke Vice Preside | OfficerTrustee | 2 | $0 |
Dan Burzlaff Board Member | Trustee | 2 | $0 |
Jackie Crowely Board Member | Trustee | 2 | $0 |
Bob Gannon Board Memebe | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,156 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,610 |
| Total Program Service Revenue | $305,339 |
| Investment income | $1,903 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,364 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $278 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,494 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,588 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $955 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,931 |
| 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 | $36,932 |
| Insurance | $0 |
| All other expenses | $95,172 |
| Total functional expenses | $393,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,049 |
| Savings and temporary cash investments | $50,000 |
| 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 | $1,189,717 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,310,766 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,006 |
| Total liabilities | $1,006 |
| Net assets without donor restrictions | $1,309,760 |
| 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 | $1,310,766 |