Yates Agricultural Society
- Assets
- $294.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Penn Yan, NY
- Founding
- 07/1945
- Data as of
- 11/2023
- EIN
- 16-6002859
Organization Overview
Yates Agricultural Society is located in Penn Yan, NY. The organization was established in 1945. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yates 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, Yates Agricultural Society generated $58.3k 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 (7.8%) each year. All expenses for the organization totaled $42.5k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AGRICULTURE IN YATES COUNTY THROUGH TRAINING AND EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Folts President | 2 | $0 | |
Dale Lane Vice President | 2 | $0 | |
Maren Anderson Secretary | 2 | $0 | |
Bernyce Maltman Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,450 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,776 |
| Other Revenue | $23,062 |
| Total Revenue | $58,289 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $520 |
| Occupancy, rent, utilities, and maintenance | $16,128 |
| Printing, publications, postage, and shipping | $226 |
| Other expenses | $25,669 |
| Total expenses | $42,543 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $67,159 |
| Other assets | $0 |
| Total assets | $293,961 |
| Total liabilities | $25,000 |
| Net assets or fund balances | $268,961 |