Norman County Agricultural Society
- Assets
- $717.3k
- Revenue
- $64.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ada, MN
- Founding
- 11/1951
- Data as of
- 09/2020
- EIN
- 41-0706737
Organization Overview
Norman County Agricultural Society is located in Ada, MN. The organization was established in 1951. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Norman 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 09/2020, Norman County Agricultural Society generated $64.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $35.7k during the year ending 09/2020. While expenses have increased by 5.3% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AGRICULTURAL FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTING AN AGRICULTURAL FAIR AND EXPOSITION FOR THE DISPLAY AND EDUCATION OF AGRICULTURAL EXHIBITS.
CONDUCTING AN AGRICULTURAL FAIR AND EXPOSITION FOR THE DISPLAY AND EDUCATION OF AGRICULTURAL EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Merkens President | Officer | 4 | $0 |
Danette Gwin Secretary | Officer | 4 | $0 |
Dennis Riepe Vice President | Officer | 2 | $0 |
Gerrie Aasland Treasurer | Officer | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,362 |
| Investment income | $615 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,490 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,369 |
| 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. | $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 | $1,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $3,576 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,429 |
| All other expenses | $0 |
| Total functional expenses | $35,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,328 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $717,305 |
| 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 | $9,910 |
| Total liabilities and net assets/fund balances | $717,305 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Norman County Agricultural Society has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Northwest Minnesota Arts Council Warren, MN PURPOSE: ARS GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |
Eat Greater Des Moines Des Moines, IA | $273,044 | $4,607,206 |
Minnesota Dairy Herd Improvement Association Buffalo, MN | $3,993,278 | $4,605,052 |
South Dakota Beef Industry Council Inc Pierre, SD | $1,193,198 | $4,031,431 |
Wisconsin Farm Bureau Federation Cooperative Madison, WI | $4,550,092 | $4,122,654 |
Midwest Organic Services Association Inc Viroqua, WI | $1,818,128 | $3,921,446 |
Practical Farmers Of Iowa Ames, IA | $3,629,239 | $3,884,964 |
Minnesota Farm Bureau Federation Eagan, MN | $5,972,821 | $4,797,144 |
United Food And Commercial Workers International Union Davenport, IA | $6,040,985 | $2,950,808 |