Cecil County Breeders Fair Inc
- Assets
- $425.2k
- Revenue
- $112.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Elkton, MD
- Founding
- 08/1952
- Data as of
- 12/2023
- EIN
- 51-6018180
Organization Overview
Cecil County Breeders Fair Inc is located in Elkton, MD. The organization was established in 1952. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cecil County Breeders Fair Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Cecil County Breeders Fair Inc generated $112.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $5.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (40.8%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION IS DIRECTED SOLELY BY THE BOARD OF THE FAIR HILL FOUNDATION, A 501(C)(3) ENTITY, AND AS SUCH ADHERES TO THE EXEMPT MISSION OF THE FAIR HILL FOUNDATION WHICH IS TO SUPPORT THE STATE OF MARYLAND IN MAINTENANCE, PRESERVATION AND ENHANCEMENT OF THE PROPERTY LOCATED AT FAIR HILL NATURAL RESOURCES MANAGEMENT AREA IN CECIL COUNTY, MD. ORGANIZATION SUPPORTS THIS MISSION VIA FUNDRAISING ACTIVITIES CONSISTING OF HORSE RACING AT FAIR HILL. LEGISLATION, HOUSE BILL 80, WAS ENACTED EFFECTIVE OCTOBER 2019 TO REPEAL THE REQUIREMENT THAT PROFITS EARNED FROM HORSE RACING BENEFIT A CERTAIN HOSPITAL. PROFITS WILL NOW BE DISBURSED FOR THE BENEFIT OF THE STATE OF MD DEPT OF NATURAL RESOURCES PROPERTY AT FAIR HILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CECIL COUNTY BREEDERS FAIR INC SERVES FOR THE PURPOSE OF SUPPORTING THE DEPARTMENT OF NATURAL RESOURCES IN MAINTAINING FAIR HILL STATE PARK THROUGH FUNDRAISING ACTIVITY CONSISTING OF THE RUNNING OF THE FAIR HILL RACES. RACING EVENTS WERE POSTPONED DURING 2020, 2021, 2022, & 2023 DUE TO COVID AND RACETRACK REFURBISHMENT. GRANT FUNDS ARE CURRENTLY HELD FOR FUTURE RACING EVENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles C Fenwick Jr President | OfficerTrustee | 1 | $0 |
Timothy J Gardner Vice President | OfficerTrustee | 1 | $0 |
Nancy R Simpers Secretary | OfficerTrustee | 1 | $0 |
Joseph P Clancy Treasurer | OfficerTrustee | 1 | $0 |
Bruce Davidson Director | Trustee | 1 | $0 |
Patricia Gilbert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,692 |
| Total Program Service Revenue | $0 |
| Investment income | $9,657 |
| 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 | $112,349 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,195 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $403,128 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,117 |
| Total assets | $425,245 |
| 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 | $425,245 |
| 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 | $425,245 |