Otoe County Agricultural Society
- Assets
- $1.5m
- Revenue
- $601.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Syracuse, NE
- Founding
- 12/1996
- Data as of
- 12/2021
- EIN
- 47-6033777
Organization Overview
Otoe County Agricultural Society is located in Syracuse, NE. The organization was established in 1996. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Otoe County Agricultural Society employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otoe 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 12/2021, Otoe County Agricultural Society generated $601.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $465.9k during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 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
PLANNING AND PROMOTING OF THE FAIR IN OTOE COUNTY, NE. AND PROMOTING OF AGRICULTURAL EDUCATION.
Describe the Organization's Program Activity:
PLANNING & ORGANIZING EVENTS DURING THE OTOE COUNTY FAIR; IE: 4-H LIVESTOCK SALE, CARNIVAL AND LIVE ENTERTAINMENT.
CATERING OF SPECIAL EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Rudolph President | OfficerTrustee | $0 | |
Gayle Schomerus Vice Preside | OfficerTrustee | $0 | |
Jim Stuart Secretary | OfficerTrustee | $0 | |
Duane Windhorst Treasurer | OfficerTrustee | $0 | |
Brandon Essink Director | Trustee | $0 | |
Randy Peterson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,170 |
| Total Program Service Revenue | $197,063 |
| Investment income | $265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $35,361 |
| 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 | $62,552 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $601,259 |
| 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 | $21,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,215 |
| Office expenses | $693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,034 |
| 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 | $77,511 |
| Insurance | $14,938 |
| All other expenses | $47,461 |
| Total functional expenses | $465,873 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,294 |
| Savings and temporary cash investments | $89,075 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,862 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,194,638 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,486,253 |
| 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 | $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 | $1,486,253 |
| Total liabilities and net assets/fund balances | $1,486,253 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Otoe County Agricultural Society has recieved totaling $24,357.
| Awarding Organization | Amount |
|---|---|
Steinhart Foundation Inc Nebraska City, NE PURPOSE: KIMMEL CENTER - AID CONDITIONING | $24,357 |
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 |