Buffalo County Agricultural Association
- Assets
- $14.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Kearney, NE
- Founding
- 04/1955
- Data as of
- 06/2023
- EIN
- 47-6032565
Organization Overview
Buffalo County Agricultural Association is located in Kearney, NE. The organization was established in 1955. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2023, Buffalo County Agricultural Association employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo County Agricultural Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Buffalo County Agricultural Association generated $2.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 3.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIETY OF EVENTS INCLUDING THE COUNTY FAIR AND OTHER EDUCATIONAL, AGRICULTURAL, AND ENTERTAINMENT EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A VARIETY OF EVENTS INCLUDING THE COUNTY FAIR AND OTHER EDUCATIONAL, AGRICULTURAL, AND ENTERTAINMENT EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Littell Member | Trustee | 1.5 | $0 |
Cathy Hervert Member | Trustee | 1.5 | $0 |
Jeremy Schulte Member | Trustee | 1.5 | $0 |
Mac Campbell Member | Trustee | 1.5 | $0 |
Ron Loeffelholz Member | Trustee | 1.5 | $0 |
Jeff Richter Member | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,218,642 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,543,642 |
| Total Program Service Revenue | $0 |
| Investment income | $22,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $370,125 |
| 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 | $2,704,053 |
| 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 | $382,155 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,561 |
| Payroll taxes | $28,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $190,028 |
| Advertising and promotion | $61,981 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,036 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $543,086 |
| Insurance | $160,380 |
| All other expenses | $183,218 |
| Total functional expenses | $2,541,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,820,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621,513 |
| 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 | $12,479,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,920,887 |
| Accounts payable and accrued expenses | $271,599 |
| Grants payable | $0 |
| Deferred revenue | $378,663 |
| 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 | $50,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $700,262 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,916,600 |
| Paid-in or capital surplus, or land, building, or equipment fund | $12,304,025 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,920,887 |