Gage County Agricultural Society
- Assets
- $666.0k
- Revenue
- $676.9k
- Investments
- $0.0
- Employees
- 38
- Location
- Beatrice, NE
- Founding
- 11/1997
- Data as of
- 10/2021
- EIN
- 47-0387077
Organization Overview
Gage County Agricultural Society is located in Beatrice, NE. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2021, Gage County Agricultural Society employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gage 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 10/2021, Gage County Agricultural Society generated $676.9k 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 (4.1%) each year. All expenses for the organization totaled $618.8k during the year ending 10/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY IS GIVEN THE DUTY TO OPERATE THE GAGE COUNTY FAIR GROUNDS AND TO CONDUCT THE ANNUAL COUNTY FAIR FOR THE BENEFIT OF THE COMMUNITY, COUNTY AND RESIDENTS. THE FAIR PROVIDES ENTERTAINMENT AND AWARDS PARTICIPANTS FOR THEIR PARTICIPATION IN VARIOUS JUDGED COMPETITIONS INVOLVING LIVESTOCK AND OTHER AGRICULTURAL PRODUCTS. THE SOCIETY ALSO SPONSORS RACE CAR EVENTS FOR CULTURE AND ENTERTAINMENT FOR THE RESIDENTS OF THE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COUNTY FAIR GROUNDS AND ANNUAL FAIR FOR THE BENEFIT OF COUNTY RESIDENTS. PROVIDES AGRICULTURAL JUDGING OF LIVESTOCK, CROPS, ETC. TO BETTER SERVE THE AGRICULTURAL RESIDENTS.
CAR RACING ACTIVITIES TO PROVIDE CULTURE AND ENTERTAINMENT FOR THE COUNTY RESIDENTS
OPERATION OF THE CONCESSION STAND AT THE FAIR AND CAR RACING ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Esau President | OfficerTrustee | 3 | $0 |
Dustin Fritch Racing Chairman | OfficerTrustee | 3 | $0 |
Lisa Wiegand Treasurer | OfficerTrustee | 7 | $0 |
Loren Trauernicht 2nd Vice President | OfficerTrustee | 3 | $0 |
Sue Bishop Secretary | OfficerTrustee | 3 | $0 |
Roger Henrichs 1st Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $133,876 |
| 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 | $133,876 |
| Total Program Service Revenue | $396,852 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $47,270 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,283 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $676,941 |
| 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 | $68,377 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $592 |
| Office expenses | $9,426 |
| 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 | $0 |
| Interest | $381 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,127 |
| Insurance | $49,358 |
| All other expenses | $36,955 |
| Total functional expenses | $618,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,623 |
| Savings and temporary cash investments | $145,804 |
| 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 | $414,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $666,020 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $666,020 |
| 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 | $666,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Western Stock Show Association Denver, CO | $82,529,482 | $49,917,896 |
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Cody Stampede Inc Cody, WY | $3,494,478 | $3,110,728 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Wichita Festivals Inc Wichita, KS | $2,056,183 | $2,145,055 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |
Lincoln County Fair Inc Troy, MO | $1,246,942 | $1,315,602 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |