Franklin County Agricultural Society
- Assets
- $319.8k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Farmington, ME
- Founding
- 12/1939
- Data as of
- 11/2023
- EIN
- 01-0225008
Organization Overview
Franklin County Agricultural Society is located in Farmington, ME. The organization was established in 1939. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 11/2023, Franklin County Agricultural Society employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County Agricultural Society is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2023, Franklin County Agricultural Society generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $885.6k during the year ending 11/2023. While expenses have increased by 3.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE, EDUCATING AGRICULTURAL FAIR WITH ACTIVITIES AND EXHIBITS FEATURING AGRICULTURAL LIVE STOCK AND OTHER RELATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF RESIDENTS AND TOURISTS FOR AGRICULTURAL PURPOSES AND ENTERTAINMENT TO ALSO PROMOTE TOURISM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcus Rowe Treasurer | Officer | 4 | $0 |
Randall Hall President | Officer | 4 | $0 |
Neal Yeaton Secretary | Officer | 4 | $0 |
Jeffrey Wright Vice President | Officer | 4 | $0 |
Rupert Pratt Trustee | Trustee | 2 | $0 |
Glenda Baker Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,440 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,118 |
| Total Program Service Revenue | $919,602 |
| Investment income | $3,309 |
| 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 | $1,002,029 |
| 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. | $17,800 |
| Compensation of current officers, directors, key employees. | $17,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,007 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,506 |
| 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 | $15,067 |
| Office expenses | $15,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,225 |
| Insurance | $25,442 |
| All other expenses | $3,582 |
| Total functional expenses | $885,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,184 |
| 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 | $11,602 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $319,786 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $319,786 |
| Total liabilities and net assets/fund balances | $319,786 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Organic Farmers & Gardeners Association Unity, ME | $11,816,448 | $5,099,994 |
Franklin County Agricultural Society Farmington, ME | $319,786 | $1,002,029 |
Seacoast Eat Local Inc Lee, NH | $153,046 | $373,478 |
Foodservice Sales & Marketing Association windham, NH | $0 | $0 |
Granite State Brewers Association Concord, NH | $72,244 | $0 |
Maine School Nutition Association Westbrook, ME | $171,545 | $0 |
Northeast Bottled Water Association Inc Belgrade Lakes, ME | $55,226 | $0 |