Mercer County Fair & Horse Show Inc
- Assets
- $196.6k
- Revenue
- $331.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Harrodsburg, KY
- Founding
- 11/1981
- Data as of
- 12/2021
- EIN
- 61-0572774
Organization Overview
Mercer County Fair & Horse Show Inc is located in Harrodsburg, KY. The organization was established in 1981. 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. Mercer County Fair & Horse Show 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, Mercer County Fair & Horse Show Inc generated $331.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $331.2k during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MERCER CO FAIR IS OPEN TO THE GENERAL PUBLIC ANDATTENDED BY PATRONS STATEWIDE.IT HELPS TO EDUCATETHE PUBLIC ABOUT HORSES AND AGRICULTURAL PRODUCTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Best V President | Officer | 3 | $0 |
Jay Anderson Treasurer | Officer | 10 | $0 |
Susan Record Secretary | Officer | 3 | $0 |
Lemayne Ellis President | Officer | 10 | $0 |
Cheryl Young Director | Trustee | 3 | $0 |
Jeff Young Director | Trustee | 3 | $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 | $304,402 |
| Investment income | $19 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,217 |
| 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 | $331,638 |
| 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 | $28,523 |
| 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 | $7,686 |
| 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 | $3,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,791 |
| Insurance | $40,994 |
| All other expenses | $231,726 |
| Total functional expenses | $331,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$49,860 |
| 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 | $246,429 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $196,569 |
| Accounts payable and accrued expenses | $54,296 |
| 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 | $54,296 |
| 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 | $142,273 |
| Total liabilities and net assets/fund balances | $196,569 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercer County Fair & Horse Show Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Trim Masters Charitable Foundation Inc Danville, KY PURPOSE: 2022 MERCER COUNTY FAIR & HORSE SHOW & FARMERS MARKET SPONSORSHIP | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breeders Cup Limited Lexington, KY | $117,837,245 | $60,542,303 |
Cat Fanciers Association Inc Alliance, OH | $4,099,777 | $2,326,921 |
Noahs Lost Ark Inc Berlin Center, OH | $2,732,676 | $1,778,422 |
American Shorthorn -Breeders- Association Platte Woods, MO | $1,422,691 | $1,659,701 |
Clydesdale Breeders Of The U S A Fredericktown, OH | $508,566 | $1,629,580 |
Thoroughbred Owners And Breeders Association Inc Lexington, KY | $3,840,044 | $1,423,625 |
Kentucky Thoroughbred Owners And Breeders Inc Lexington, KY | $2,411,831 | $1,040,440 |
Indiana Canine Assistant Network Inc Zionsville, IN | $428,115 | $680,595 |
North American Versatile Hunting Dog Association Arlington Heights, IL | $1,701,254 | $879,394 |
German Shepherd Dog Club Of America Inc Saint Louis, MO | $523,555 | $495,868 |
Tennessee Reining Horse Association Speedwell, TN | $77,354 | $452,735 |
Gsws Columbus Columbus, OH | $106,858 | $305,693 |