Fillmore Community Auction

The information for Fillmore Community Auction is as of the organization's most recent filing in December '21. This organization is located in Harmony, MN. It has been in existence for 2 years, following its founding in 2019.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Fillmore Community Auction's NTEE code is B12. The "B" tells us that the organization is classified within the Education major group. The "12" tells us that the organization is involved in Fund Raising & Fund Distribution. The NTEE describes organizations in this category as those that raise and distribute funds for multiple organizations within the Education major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to fall under Section 3 of the Internal Revenue Code, which encompasses Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.

Perhaps the most accurate way to understand the organization's goals is by looking at its mission. The Fillmore Community Auction's mission is to raise money through the consignment and sale of various items of personal property by auction. The proceeds from these auctions are then donated to support local school facilities and annual operations.

Program Areas

Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program. In 2021, the organization successfully hosted two consignment auctions, allowing members of the public to consign items for sale. The commissions earned from these auctions were retained by the organization for funding local school improvement and expenses related to exempt purposes. While school financial needs were minimal in 2021, greater expenses are anticipated in the coming years.

Organization Staffing

Fillmore Community Auction is run by Enos T Hershberger, who is the President of the organization. The organization does not have any employees and therefore does not have any employees paid over $100k. However, they have a small team of 15 volunteers who support and help run the organization.

Board Governance

The Fillmore Community Auction appears to be fairly well-governed based on the information provided. With a small board of 5 voting members and no independent members, potential conflicts of interest are stated to be false. While it is generally recommended to have independent members on a board to ensure unbiased decision-making, the absence of conflicts of interest and the documentation of board and committee meetings can help mitigate any potential issues. The organization also demonstrates good governance practices by having a conflict of interest policy in place and requiring disclosure of conflicts. This indicates a commitment to transparency and ethical decision-making. However, it is worth noting that the organization does not have a written whistleblower policy or a document retention policy, which could be areas for improvement to ensure proper reporting mechanisms and record-keeping. Additionally, the organization does not substantiate or review leadership or officer salaries, which may raise questions about the organization's financial accountability and transparency. However, the fact that the organization provides copies of the 990 to the board prior to filing suggests a level of openness and accountability in financial reporting. Overall, while there are some areas for improvement, the Fillmore Community Auction appears to have a reasonably well-governed structure, with a focus on transparency and conflict of interest management.

Organization Growth

The Fillmore Community Auction nonprofit organization has experienced growth over the given time period. The Program Service Revenue increased from $153.8K in 2019 to $390.0K in 2021, indicating an expansion in the organization's revenue-generating activities. Additionally, the Total Revenue also grew from $153.8K in 2019 to $401.3K in 2021, further demonstrating an overall increase in the organization's financial resources. Although the Grants Paid decreased from $3.7K in 2019 to $2.0K in 2021, this decline is overshadowed by the significant growth in revenue. Moreover, the Total Expenses increased from $145.1K in 2019 to $361.6K in 2021, suggesting an expansion in the organization's operational activities. However, it is worth noting that the number of Total Volunteers remained the same at 15 throughout the given time period, indicating a consistent level of volunteer involvement.