North Carolina Association Of Agriculture Fairs
- Assets
- $455.1k
- Revenue
- $812.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 56-0992324
Organization Overview
North Carolina Association Of Agriculture Fairs is located in Raleigh, NC. The organization was established in 2019. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Association Of Agriculture Fairs is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, North Carolina Association Of Agriculture Fairs generated $812.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $379.9k during the year ending 12/2022. While expenses have increased by 13.9% 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.
Since 2017, North Carolina Association Of Agriculture Fairs has awarded 97 individual grants totaling $2,141,429. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE INTEREST IN THE AGRICULTURAL FAIRS IN NORTH CAROLINA, INCLUDING LIVESTOCK SHOWS, AS WELL AS COMMUNITY FAIRS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION PROVIDES MEMBERS WITH CONVENTIONS, AWARDS RECOGNITION, SCHOLARSHIPS AND FUNDS TO PROVIDE EDUCATION AND PROMOTE INTEREST IN THE AGRICULTURAL FAIRS IN NORTH CAROLINA, INCLUDING LIVESTOCK SHOWS, AS WELL AS COMMUNITY FAIRS.
THE ASSOCIATION PROVIDES MEMBERS WIH CONVENTIONS, AWARDS RECOGNITION, SCHOLARSHIPS AND FUNDS TO PROVIDE EDUCATION AND PROMOTE INTEREST IN THE AGRICULTURAL FAIRS IN NORTH CAROLINA, INCLUDING LIVESTOCK SHOWS, AS WELL AS COMMUNITY FAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Holloman Exec Secreta | OfficerTrustee | 15 | $24,600 |
Debbie Carter Director | Trustee | $0 | |
Dean Corl Director | Trustee | $0 | |
Don Deal Director | Trustee | $0 | |
Allen Faircloth President | OfficerTrustee | $0 | |
Kevin Hardison Director | Trustee | $0 |
Financial Statements
| 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 | $700,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,000 |
| Total Program Service Revenue | $96,641 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,140 |
| Net Income from Gaming Activities | $14,206 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $811,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $251,108 |
| 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 | $24,600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,705 |
| Fees for services: Lobbying | $46,515 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,971 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,910 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $838 |
| All other expenses | $720 |
| Total functional expenses | $379,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,140 |
| 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 | $0 |
| Total assets | $455,140 |
| 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 | $46,421 |
| Net assets with donor restrictions | $408,719 |
| 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 | $455,140 |
Grants Awarded
Over the last fiscal year, North Carolina Association Of Agriculture Fairs has awarded $235,708 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CALDWELL COUNTY AG FAIR PURPOSE: AGRI AWARENESS, EDUC | $10,714 |
CAPE FEAR FAIR & EXPO PURPOSE: AGRI AWARENESS, EDUC | $10,714 |
CHOWAN COUNTY REGIONAL FAIR PURPOSE: AGRI AWARENESS, EDUC | $10,714 |
CLEVELAND COUNTY FAIR PURPOSE: AGRI AWARENESS, EDUC | $10,714 |
COLUMBUS COUNTY FAIR PURPOSE: AGRI AWARENESS, EDUC | $10,714 |
DAVIDSON COUNTY AG FAIR PURPOSE: AGRI AWARENESS, EDUC | $10,714 |