Mower County Agricultural Society
- Assets
- $748.7k
- Revenue
- $137.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Austin, MN
- Founding
- 05/2009
- Data as of
- 09/2020
- EIN
- 41-0708486
Organization Overview
Mower County Agricultural Society is located in Austin, MN. The organization was established in 2009. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Mower County Agricultural Society employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mower 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, Mower County Agricultural Society generated $137.4k 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 (18.8%) each year. All expenses for the organization totaled $131.0k during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (18.3%) 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
TO PROMOTE AGRICULTURAL, HORTICULTURAL AND MECHANICAL ARTS IN THE COMMUNITY BY MAINTAINING AND UTILIZING THE MOWER COUNTY FAIRGROUNDS FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION AND PRODUCTION OF THE ANNUAL COUNTY FAIR THAT INCLUDES LIVESTOCK SHOWS, 4-H EXHIBITS, GRANDSTAND EVENTS, FREE-STAGE EVENTS, CARNIVAL, AND VENDOR CONCESSIONS. THE FAIR WAS HELD FROM AUGUEST 10-15, 2021.
ORGANIZATION HOLDS THE NATIONAL BARROW SHOW AT THE MOWER COUNTY FAIRGROUDS FOR PROMOTION OF AGRICULTURAL EVENTS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Feuring Treasurer | OfficerTrustee | 5 | $300 |
Julie Hendrikson Vice President | OfficerTrustee | 5 | $300 |
Jason Duffy Director | Trustee | 5 | $300 |
Kevin Finley President | OfficerTrustee | 5 | $0 |
Zack Jax Secretary | OfficerTrustee | 5 | $0 |
Doug Jax Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,078 |
| Investment income | $238 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,057 |
| 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 | $137,368 |
| 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 | $49,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,968 |
| 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 | $3,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,718 |
| Travel | $477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,263 |
| Insurance | $3,659 |
| All other expenses | $0 |
| Total functional expenses | $131,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,723 |
| Savings and temporary cash investments | $158,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,830 |
| 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 | $373 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $748,674 |
| Accounts payable and accrued expenses | $7,681 |
| Grants payable | $0 |
| Deferred revenue | $15,066 |
| 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 | $20,074 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,334 |
| Total liabilities | $66,155 |
| 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 | $682,519 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mower County Agricultural Society has recieved totaling $6,062.
| Awarding Organization | Amount |
|---|---|
Hormel Foods Corporation Chartible Tr Austin, MN PURPOSE: COMMUNITY SUPPORT | $5,000 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Milk Marketing Board Inc Madison, WI | $22,618,845 | $31,706,679 |
American Society Of Agronomy Inc Madison, WI | $22,150,446 | $6,548,041 |
International Association For Food Protection Inc Des Moines, IA | $6,002,857 | $4,277,261 |
The Agribank District Farm Council Inc St Paul, MN | $839,364 | $2,996,130 |
Soil Science Society Of America Inc Madison, WI | $6,203,929 | $2,979,765 |
Wisconsin Beef Council Inc Verona, WI | $611,387 | $1,897,284 |
Cereals & Grains Association St Paul, MN | $2,814,182 | $1,253,736 |
Dakota County Agricultural Society Farmington, MN | $2,769,180 | $1,335,916 |
Midwest Food Products Association Inc Madison, WI | $1,328,897 | $1,114,154 |
Iowa Institute For Cooperatives Ames, IA | $1,054,400 | $967,389 |
Sustainable Farming Association Of Minnesota Minneapolis, MN | $255,659 | $302,809 |
Minn School Food Service Assoc Inc St Paul, MN | $522,150 | $318,889 |