Lorain County Agricultural Society
- Assets
- $4.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 130
- Location
- Wellington, OH
- Founding
- Data as of
- 11/2022
- 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 11/2022, 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
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonja Beat Treasurer | OfficerTrustee | 1 | $0 |
Charisse Nikel Secretary | OfficerTrustee | 1 | $0 |
Scott Smith Vice Preside | OfficerTrustee | 1 | $0 |
Rick Ternes President | OfficerTrustee | 1 | $0 |
Marie Waite Director | OfficerTrustee | 1 | $0 |
Heath Baus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,500,000 |
| Government grants | $1,590,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,874 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,293,142 |
| Total Program Service Revenue | $1,328,550 |
| Investment income | $988 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $218,619 |
| 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 | $4,841,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500,000 |
| 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 | $250,880 |
| Pension plan accruals and contributions | $19,251 |
| Other employee benefits | $12,742 |
| Payroll taxes | $3,485 |
| Fees for services: Management | $22,742 |
| Fees for services: Legal | $3,365 |
| Fees for services: Accounting | $3,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $40,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $28,270 |
| Office expenses | $12,773 |
| Information technology | $17,341 |
| Royalties | $0 |
| Occupancy | $184,876 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,292 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $94,804 |
| Insurance | $60,733 |
| All other expenses | $316,160 |
| Total functional expenses | $3,151,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,984 |
| Savings and temporary cash investments | $2,534,895 |
| Pledges and grants receivable | $1,200,000 |
| 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 | $868,286 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,929,165 |
| 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 | $1,348,902 |
| Total liabilities | $1,348,902 |
| Net assets without donor restrictions | $1,584,868 |
| Net assets with donor restrictions | $1,995,395 |
| 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 | $4,929,165 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
Ohio Equine And Agricultural Association Inc Springfield, OH | $3,559,831 | $1,335,609 |
Hartford Independent Agricultural Society Croton, OH | $1,940,434 | $1,642,782 |