Midland County Agricultural & Horticultural Society
- Assets
- $5.8m
- Revenue
- $541.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Midland, MI
- Founding
- 06/1945
- Data as of
- 10/2020
- EIN
- 38-1539457
Organization Overview
Midland County Agricultural & Horticultural Society is located in Midland, MI. The organization was established in 1945. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Midland County Agricultural & Horticultural Society employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland County Agricultural & Horticultural 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 10/2020, Midland County Agricultural & Horticultural Society generated $541.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $854.8k during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FAIRGROUNDS AND FACILITIES TO AREA RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE AND MAINTAIN FAIRGROUNDS AND FACILITIES FOR THE USE AND ENJOYMENT OF MIDLAND COUNTY AREA RESIDENTS.
OPERATE AND MAINTAIN FAIRGROUNDS AND FACILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tricia Steele Manager | Officer | 40 | $67,698 |
Jason Murray 1st Vice Pre | OfficerTrustee | 1.5 | $0 |
Jeff Cain 2nd Vice Pre | OfficerTrustee | 1.5 | $0 |
Roxanne Wheeler Treasurer | OfficerTrustee | 3 | $0 |
Nic Hall Assistant Tr | OfficerTrustee | 1.5 | $0 |
Margaret Wegner President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,782 |
| Investment income | $13,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $541,894 |
| Statement of Expenses | |
|---|---|
| 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. | $77,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,814 |
| Payroll taxes | $14,950 |
| 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 | $14,531 |
| Office expenses | $14,970 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $124,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,553 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,763 |
| Insurance | $41,167 |
| All other expenses | $0 |
| Total functional expenses | $854,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $698,992 |
| Savings and temporary cash investments | $730,577 |
| Pledges and grants receivable | $1,281,167 |
| Accounts receivable, net | $7,352 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,790,516 |
| Accounts payable and accrued expenses | $11,144 |
| 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 | $81,600 |
| Total liabilities | $92,744 |
| 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 |
| Total liabilities and net assets/fund balances | $5,697,772 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Midland County Agricultural & Horticultural Society has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Middle Michigan Development Corporation Mt Pleasant, MI PURPOSE: COVID-19 RELIEF | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Healthcare Professionals Inc Lancaster, OH | $17,709,490 | $34,643,375 |
Richard M Fairbanks Foundation Inc Indianapolis, IN | $343,052,565 | $13,782,735 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |