Chenango County Agricultural Society
- Assets
- $408.8k
- Revenue
- $249.4k
- Investments
- $0.0
- Employees
- 18
- Location
- Norwich, NY
- Founding
- 10/1967
- Data as of
- 09/2022
- 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 09/2022, Chenango County Agricultural Society employed 18 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 09/2022, Chenango County Agricultural Society generated $249.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $266.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AGRICULTURE IN THE COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
43.38% OF THE PROGRAM EXPENSES ARE DERIVED FROM ENTERTAINMENT EXPENSES TO ATTRACT PEOPLE TO THE FAIR TO EXPERIENCE THE AGRICULTURAL ATTRACTIONS OFFERED.
8.95% OF THE PROGRAM EXPENSES ARE DERIVED FROM PREMIUMS PAID TO PARTICIPANTS TO ATTRACT PATRONS TO THE FIELD OF AGRICULURE.
9.25% OF THE PROGRAM EXPENSES ARE DERIVED FROM ADVERTISING PAID TO ATTRACT PATRONS TO THE FIELD OF AGRICULTURE.
REMAINDER EXPENSES TO PROMOTE AGRICULTURE IN THE COUNTY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Richman Groundskeeper | Officer | 13 | $9,375 |
Mary Lanfair Clerk | Officer | 8 | $6,660 |
Colleen Franklin Bookkeeper | Officer | 5 | $4,630 |
Francine Strong Bookkeeper | Officer | 5 | $636 |
Robert Fleming Vicepresident | Officer | 10 | $0 |
Scott Evans Treasurer | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,895 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,685 |
| Total Program Service Revenue | $167,967 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,700 |
| Net Gain/Loss on Asset Sales | $5,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,352 |
| 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. | $21,301 |
| Compensation of current officers, directors, key employees. | $14,080 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,970 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,105 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,524 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,494 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $4,547 |
| Interest | $4,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,771 |
| Insurance | $30,217 |
| All other expenses | $88,003 |
| Total functional expenses | $266,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,895 |
| Savings and temporary cash investments | $1,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,106 |
| 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 | $391,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $408,787 |
| Accounts payable and accrued expenses | $32,986 |
| 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 | $112,401 |
| Other liabilities | $0 |
| Total liabilities | $145,387 |
| Net assets without donor restrictions | $263,400 |
| 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 | $408,787 |
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 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Chenango County Agricultural Society has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
The@frederick B And Ramona E Mirabito Foundation Norwich, NY PURPOSE: RENOVATIONS | $40,000 |
The@frederick B And Ramona E Mirabito Foundation Norwich, NY PURPOSE: RENOVATIONS | $40,000 |
R C Smith Foundation Inc Norwich, NY PURPOSE: RV SITES/BATHROOMS | $20,000 |
Greater Norwich Foundation Norwich, NY PURPOSE: ELECTRICAL & OFFICE SPACE | $10,000 |
Greater Norwich Foundation Norwich, NY PURPOSE: ELECTRICAL & OFFICE SPACE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern States Exposition West Springfield, MA | $51,715,306 | $35,856,934 |
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |