Lake Odessa Civic & Agricultural Improvement Association
- Assets
- $239.5k
- Revenue
- $251.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Lake Odessa, MI
- Founding
- 08/2016
- Data as of
- 08/2022
- EIN
- 38-6089346
Organization Overview
Lake Odessa Civic & Agricultural Improvement Association is located in Lake Odessa, MI. The organization was established in 2016. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Odessa Civic & Agricultural Improvement Association 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 08/2022, Lake Odessa Civic & Agricultural Improvement Association generated $251.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $180.1k during the year ending 08/2022. While expenses have increased by 16.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION PUTS ON A TOWN FAIR AND MAINTAINS THE FAIRGROUNDS FOR USE YEAR-YOUND
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAIR PUT ON SEVERAL GRANDSTAND EVENTS FOR THE WEEKLY FAIR, INCLUDING A PONY HORSE PULL, MOTOCROSS RACING, A TRUCK PULL, A DEMOLITION DERBY, AND A MEGA RAFFLE THE WEEKLY FAIR BROUGHT A CARNIVAL FOR THE FIRST FULL WEEK IN NEARLY 10 YEARS. THE FAIR PAID OUT PREMIUMS TO EXHIBITORS FOR LIVESTOCK AND STILL EXHIBIT PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill King President | OfficerTrustee | 10 | $0 |
Jeff Vanderboon Treasurer | OfficerTrustee | 5 | $0 |
Jennica Vanderboon Secretary | OfficerTrustee | 5 | $0 |
Rachel Haskin Director | Trustee | 5 | $0 |
Heather Everett Director | Trustee | 5 | $0 |
Jake Boger Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $66,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,455 |
| Total Program Service Revenue | $184,470 |
| Investment income | $67 |
| 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 | $250,992 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $10,850 |
| Office expenses | $514 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,049 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,055 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,968 |
| All other expenses | $17,861 |
| Total functional expenses | $180,088 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,119 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $138,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,326 |
| Total assets | $239,513 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $239,513 |
| Total liabilities and net assets/fund balances | $239,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lake Odessa Civic & Agricultural Improvement Association has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreation Vehicle Technical Institute Inc Elkhart, IN | $3,920,572 | $2,004,307 |
Alpha Xi Delta Corporation Of Cedar Falls Iowa Indianapolis, IN | $0 | $34,639 |
Bike Cleveland Cleveland, OH | $743,311 | $745,347 |
Eastside Athletics Inc Canal Winchester, OH | $1,623,126 | $293,872 |
Central Ohio Youth Ice Hockey Officials Association Inc Westerville, OH | $26,245 | $278,240 |
Lake Odessa Civic & Agricultural Improvement Association Lake Odessa, MI | $239,513 | $250,992 |
Greater Miami Conference Cincinnati, OH | $12,725 | $0 |
Springboro Touchdown Club Springboro, OH | $30,528 | $88,488 |
Friends Of Port Clinton Parks Inc Port Clinton, OH | $140,917 | $0 |
Hhb Inc Eaton Rapids, MI | $22,050 | $0 |
Wegerzyn Gardens Foundation Dayton, OH | $405,121 | $28,055 |
Gw Boosters Broadview Heights, OH | $5,547 | $0 |