Lorain County Agricultural Society
- Assets
- $5.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 130
- Location
- Wellington, OH
- Founding
- Data as of
- 11/2023
- EIN
- 87-3267141
Organization Overview
Lorain County Agricultural Society is located in Wellington, OH. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2023, Lorain County Agricultural Society employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorain County Agricultural Society is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE THE ANNUAL LORAIN COUNTY FAIR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ADVERTISES AND CONDUCTS ALL OF THE ACTIVITIES OF THE LORAIN COUNTY ANNUAL FAIR UNDER THE DIRECTION OF THE OHIO COUNTY & INDEPENDENT AGRICULTURAL SOCIETY AND FOLLOWS ITS GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heath Baus Director | Trustee | 1 | $0 |
Sonja Beat Treasurer | OfficerTrustee | 1 | $0 |
Joe Buchs Director | Trustee | 1 | $0 |
Nicole Claubaugh Director | Trustee | 1 | $0 |
Don Crawford Director | Trustee | 1 | $0 |
Trent Hill Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $967,894 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,029,453 |
| Total Program Service Revenue | $1,529,269 |
| Investment income | $50,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $255,801 |
| 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 | $2,876,371 |
| 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 | $280,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,868 |
| Payroll taxes | $18,935 |
| Fees for services: Management | $24,646 |
| Fees for services: Legal | $6,495 |
| Fees for services: Accounting | $4,443 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $123,429 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,430 |
| Office expenses | $11,796 |
| Information technology | $3,623 |
| Royalties | $0 |
| Occupancy | $187,078 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,638 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,455 |
| Insurance | $58,783 |
| All other expenses | $302,440 |
| Total functional expenses | $1,772,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $305,846 |
| Savings and temporary cash investments | $3,586,100 |
| Pledges and grants receivable | $900,000 |
| 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 | $794,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,848 |
| Total assets | $5,656,303 |
| 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 | $972,201 |
| Total liabilities | $972,201 |
| Net assets without donor restrictions | $1,606,374 |
| Net assets with donor restrictions | $3,077,728 |
| 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 | $5,656,303 |