Chenango County Agricultural Society
- Assets
- $392.0k
- Revenue
- $290.1k
- Investments
- $0.0
- Employees
- 21
- Location
- Norwich, NY
- Founding
- 10/1967
- Data as of
- 09/2023
- EIN
- 15-0587923
Organization Overview
Chenango County Agricultural Society is located in Norwich, NY. The organization was established in 1967. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 09/2023, Chenango County Agricultural Society employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chenango 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.
For the year ending 09/2023, Chenango County Agricultural Society generated $290.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $240.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 8 years. 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 IN THE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
20.93% OF THE PROGRAM EXPENSES ARE DERIVED FROM ENTERTAINMENT EXPENSES TO ATTRACT PEOPLE TO THE FAIR TO EXPERIENCE THE AGRICULTURAL ATTRACTIONS OFFERED.
REMAINDER EXPENSES TO PROMOTE AGRICULTURE IN THE COUNTY
5.01% OF THE PROGRAM EXPENSES ARE DERIVED FROM PREMIUMS PAID TO PARTICIPANTS TO ATTRACT PATRONS TO THE FIELD OF AGRICULURE.
3.12% OF THE PROGRAM EXPENSES ARE DERIVED FROM ADVERTISING PAID TO ATTRACT PATRONS TO THE FIELD OF AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Weidman President | Officer | 10 | $0 |
Robert Fleming Vicepresident | Officer | 10 | $0 |
Stanley Davis Secretary | Officer | 10 | $0 |
Scott Evans Treasurer | Officer | 10 | $0 |
Peter Richman Groundskeeper | Officer | 12 | $0 |
Mary Lanfair Clerk | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,310 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,789 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,104 |
| Total Program Service Revenue | $203,155 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,800 |
| 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 | $290,127 |
| 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. | $24,150 |
| Compensation of current officers, directors, key employees. | $17,171 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,130 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,301 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,963 |
| Office expenses | $3,626 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,422 |
| Insurance | $17,945 |
| All other expenses | $68,328 |
| Total functional expenses | $240,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,110 |
| Savings and temporary cash investments | $10,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,610 |
| 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 | $341,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,014 |
| Accounts payable and accrued expenses | $139,793 |
| 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 | $16,024 |
| Other liabilities | $0 |
| Total liabilities | $155,817 |
| Net assets without donor restrictions | $236,197 |
| 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 | $392,014 |
Grants Awarded
Over the last fiscal year, Chenango County Agricultural Society has awarded $18,725 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NYS DEPT OF A G AND MARKETS PURPOSE: PREMIUMS | $9,875 |
PENNYSAVER PURPOSE: ADVERTISING | $8,850 |