Robeson County Agriculture & Industrial Exposition Inc
- Assets
- $1.0m
- Revenue
- $2.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Lumberton, NC
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 56-6061560
Organization Overview
Robeson County Agriculture & Industrial Exposition Inc is located in Lumberton, NC. The organization was established in 1952. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Robeson County Agriculture & Industrial Exposition Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Robeson County Agriculture & Industrial Exposition Inc 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, Robeson County Agriculture & Industrial Exposition Inc generated $2.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (51.5%) each year. All expenses for the organization totaled $192.7k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE AND INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A FAIR THAT PROMOTES AGRICULTURE AND INDUSTRY WITHIN ROBESON AND SURROUNDING COUNTIES. OVER 50,000 INDIVIDUALS ATTEND THE FAIR WHERE THEY VIEW VARIOUS EXHIBITS AND SHOWS PROMOTING AGRICULTURE AND INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dixon Britt VP Of Fair | OfficerTrustee | $0 | |
Allen Faircloth President | OfficerTrustee | $0 | |
Kenny Morgret VP Of Admini | OfficerTrustee | $0 | |
Rudy Paul VP Of Facili | OfficerTrustee | $0 | |
Morris Bennet Director | Trustee | $0 | |
Buddy Britt 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,400 |
| Investment income | $1,114 |
| 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 | $2,732 |
| 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 | $2,700 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,347 |
| Office expenses | $1,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,676 |
| Travel | $504 |
| 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 | $87,810 |
| Insurance | $0 |
| All other expenses | $3,850 |
| Total functional expenses | $192,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,151 |
| Savings and temporary cash investments | $210,900 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$11,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $47,947 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $641,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,027,973 |
| Accounts payable and accrued expenses | $10,705 |
| 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 | $10,705 |
| Net assets without donor restrictions | $1,017,268 |
| 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 | $1,027,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Robeson County Agriculture & Industrial Exposition Inc has recieved totaling $17,000.
| Awarding Organization | Amount |
|---|---|
North Carolina Association Of Agriculture Fairs Raleigh, NC PURPOSE: COVID-19 FUNDING | $17,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food Allergy Research & Education Inc Mclean, VA | $49,740,343 | $11,947,289 |
Georgia Federal-State Shipping Point Inspection Service Inc Albany, GA | $23,696,147 | $20,421,637 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
South Carolina Farm Bureau Federation Columbia, SC | $51,878,681 | $8,239,194 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Southeast Produce Council Millen, GA | $7,110,033 | $5,998,694 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
American Dairy Goat Association Spindale, NC | $1,569,647 | $2,322,313 |