Madison County Agricultural Society is located in Madison, NE. The organization was established in 1996. According to its NTEE Classification (N65) the organization is classified as: Football, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Madison County Agricultural Society employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison 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 06/2022, Madison County Agricultural Society generated $841.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $743.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GENERAL PUBLIC EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL COUNTY FAIR, RODEOS, AND RELATED 4-H ACTIVITIES PROVIDED FOR RESIDENCES OF MADISON COUNTY, NEBRASKA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Linda Haack Treasurer | OfficerTrustee | 20 | $14,406 |
Tom Borchers Vice-Chairman | OfficerTrustee | 1 | $0 |
Deb May Secretary | OfficerTrustee | 1 | $0 |
Randy Ritterbush Chairman | OfficerTrustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $13,936 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $13,936 |
Total Program Service Revenue | $827,202 |
Investment income | $153 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $841,291 |
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. | $14,406 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $90,411 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $8,018 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,741 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $27,781 |
Office expenses | $3,355 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $27,565 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,609 |
Interest | $546 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $9,040 |
All other expenses | $36,892 |
Total functional expenses | $743,714 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $232,290 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,611 |
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 | $3,537,471 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $3,773,372 |
Accounts payable and accrued expenses | $5,131 |
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 | $5,131 |
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 | $3,768,241 |
Total liabilities and net assets/fund balances | $3,773,372 |
Organization Name | Assets | Revenue |
---|---|---|
National Operating Committee On Standards For Athletic Equipment Overland Park, KS | $2,013,359 | $2,758,265 |
Warriors Littleton, CO | $142,186 | $1,369,563 |
Kansas City Football And Cheerleading Inc Lenexa, KS | $437,320 | $1,164,722 |
Youth Sports Foundation Muscatine, IA | $670,242 | $1,057,460 |
Madison County Agricultural Society Madison, NE | $3,773,372 | $841,291 |
Lincoln Midget Football League Inc Lincoln, NE | $514,439 | $510,730 |
Metro Youth Football Association Inc Cedar Rapids, IA | $156,989 | $347,788 |
Isaac Bruce Foundation OFallon, MO | $158,614 | $0 |
Lees Summit Football Association Lees Summit, MO | $47,767 | $251,460 |
Cherry Creek Touchdown Club Inc Greenwood Village, CO | $129,451 | $298,624 |
South Dakota Junior Football Inc Sioux Falls, SD | $702,910 | $297,675 |
Northeast Kansas Football League Topeka, KS | $28,107 | $223,993 |