Porter County Agricultural Society Inc
- Assets
- $2.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Valparaiso, IN
- Founding
- 10/1995
- Data as of
- 11/2021
- EIN
- 23-7309852
Organization Overview
Porter County Agricultural Society Inc is located in Valparaiso, IN. The organization was established in 1995. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. As of 11/2021, Porter County Agricultural Society Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porter County Agricultural Society Inc 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 11/2021, Porter County Agricultural Society Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.1m during the year ending 11/2021. While expenses have increased by 3.8% per year over the past 6 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
PROMOTE AND ORGANIZE THE PORTER COUNTY FAIR FOR THE COMMUNITY AND AGRICULTURE FOR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE AND ORGANIZE THE PORTER COUNTY FAIR FOR THE COMMUNITY AND AGRICULTURE FOR EDUCATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bagnall Fair Manager | Officer | 10 | $21,759 |
Mike Herlitz Vice President | Officer | 1 | $0 |
Marty Good President | Officer | 1 | $0 |
Emily Remster Secretary | Officer | 1 | $0 |
Cheryl Wilson Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,405 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,905 |
| Total Program Service Revenue | $0 |
| Investment income | $35,924 |
| 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 | $2,666,115 |
| 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. | $21,759 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $127,449 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,414 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146 |
| Fees for services: Accounting | $4,429 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,132 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,234 |
| Insurance | $39,189 |
| All other expenses | $346,282 |
| Total functional expenses | $2,119,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,145 |
| Savings and temporary cash investments | $456,998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,430 |
| 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 | $20,000 |
| Net Land, buildings, and equipment | $1,021,631 |
| Investments—publicly traded securities | $414,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,525,622 |
| 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 | $272 |
| Total liabilities | $272 |
| Net assets without donor restrictions | $2,525,350 |
| 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 | $2,525,622 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Porter County Agricultural Society Inc has recieved totaling $10,120.
| Awarding Organization | Amount |
|---|---|
Porter County Community Foundation Inc Valparaiso, IN PURPOSE: TO ASSIST THE ORGANIZATION IN FURTHERING ITS EXEMPT PURPOSE | $9,870 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Ffa Foundation Inc Indianapolis, IN | $38,626,743 | $19,100,254 |
Future Farmers Of America State Associations & Local Chapter Indianapolis, IN | $26,115,765 | $17,713,634 |
Agriculture Future Of America Inc Kansas City, MO | $7,045,958 | $4,172,878 |
Elkhart County 4-H & Agricultural Exposition Inc Goshen, IN | $7,107,983 | $3,990,918 |
Porter County Agricultural Society Inc Valparaiso, IN | $2,525,622 | $2,666,115 |
Racine County Agricultural Society Inc Union Grove, WI | $3,072,798 | $1,782,527 |
The Indiana Ffa Foundation Inc Trafalgar, IN | $2,341,467 | $1,490,972 |
Kentucky Future Farmers Of America Foundation Inc Flemingsburg, KY | $6,579,949 | $1,581,838 |
Trustees Of Purdue University Lebanon, IN | $4,869,767 | $1,092,571 |
Indiana 4-H Foundation West Lafayette, IN | $5,073,273 | $1,066,480 |
Future Farmers Of America Jefferson City, MO | $1,360,081 | $872,920 |
Trustees Of Purdue University Danville, IN | $1,448,755 | $912,967 |