Cumberland Farmers Club
- Assets
- $956.9k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 129
- Location
- Cumberland, ME
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 01-0224718
Organization Overview
Cumberland Farmers Club is located in Cumberland, ME. The organization was established in 2013. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Cumberland Farmers Club employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Farmers Club 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, Cumberland Farmers Club generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 7 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
ANNUAL COUNTY FAIR REVENUES NEEDED FOR PAYMENT OF AGRICULTURAL PREMIUMS AND OTHER PROMOTION FOR PURPOSE OF AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL COUNTY FAIR EXPENSES/FAIR GROUNDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Tarantino Secretary | OfficerTrustee | 6 | $0 |
Jeffrey Steinman Treasurer | OfficerTrustee | 20 | $0 |
Lyle Merrifield President | OfficerTrustee | 20 | $0 |
Tammy Sawyer Director | Trustee | 5 | $0 |
Andy Dugas Director | Trustee | 5 | $0 |
Tsawyer Director | Trustee | 1 | $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 | $12,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,770 |
| Total Program Service Revenue | $1,335,037 |
| Investment income | $86 |
| 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 | $1,350,925 |
| 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. | $51,492 |
| Compensation of current officers, directors, key employees. | $21,627 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,708 |
| 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 | $4,700 |
| Advertising and promotion | $22,386 |
| Office expenses | $4,118 |
| Information technology | $259 |
| 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 | $9,362 |
| Interest | $1,285 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,030 |
| All other expenses | $374,664 |
| Total functional expenses | $1,415,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $271,800 |
| Savings and temporary cash investments | $104,339 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,074 |
| 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 | $555,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $956,896 |
| Accounts payable and accrued expenses | $67,217 |
| 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 | $22,851 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,325 |
| Total liabilities | $94,393 |
| Net assets without donor restrictions | $862,503 |
| 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 | $956,896 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cumberland Farmers Club has recieved totaling $1,875.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $350 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
West Oxford Agricultural Society Fryeburg, ME | $3,979,496 | $4,490,568 |
Deerfield Fair Association Inc Deerfield, NH | $6,809,615 | $2,535,267 |
Cumberland Farmers Club Cumberland, ME | $956,896 | $1,350,925 |
Windsor Fair Farmingdale, ME | $1,008,350 | $1,471,535 |
Skowhegan State Fair Skowhegan, ME | $6,125,875 | $1,549,917 |
Hopkinton State Fair Association Contoocook, NH | $1,258,390 | $1,344,000 |
Coos & Essex Agricultural Society Lancaster, NH | $613,019 | $668,577 |
Union Fair Society Union, ME | $353,780 | $681,776 |
Sandwich Fair Assn Inc Center Sandwich, NH | $2,428,760 | $632,013 |
North Haverhill Fair Association North Haverhill, NH | $1,148,618 | $429,493 |
Northern Maine Fair Association Presque Isle, ME | $404,750 | $382,942 |
Fort Fairfield Residential Development Corporation Fort Fairfield, ME | $1,168,617 | $273,061 |