Dakota County Agricultural Society
- Assets
- $2.8m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Farmington, MN
- Founding
- 03/2017
- Data as of
- 09/2021
- EIN
- 41-0997724
Organization Overview
Dakota County Agricultural Society is located in Farmington, MN. The organization was established in 2017. 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, Dakota County Agricultural Society employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota 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 09/2021, Dakota County Agricultural Society generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $942.3k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER EDUCATION, ENTERTAINMENT, INFORMATION AND ACHIEVEMENT FOR PEOPLE OF ALL AGES IN AGRICULTURE
Describe the Organization's Program Activity:
DAKOTA COUNTY FAIR - THE ANNUAL FAIR PROVIDES ENTERTAINMENT, INFORMATIONAL & EDUCATIONAL PROGRAMS IN THE AGRICULTURAL BUSINESS PRESENTED BY EXHIBITORS. THOUSANDS OF AREA RESIDENTS VISIT THE FAIR ANNUALLY.
DAKOTA CITY HERITAGE VILLAGE - THE ORGANIZATION OWNS & MAINTAINS PROPERTY AND EQUIPMENT OF HISTORICAL NATURE USED BY THE VILLAGE TO PRESERVE DAKOTA COUNTY ARTIFACTS FROM THE PAST FOR CURRENT AND FUTURE AREA RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pete Storlie President | Officer | 2 | $1,180 |
Jeff Wright Vice Preside | Officer | 2 | $890 |
Mike Busho Director | Trustee | 2 | $850 |
Neil Deplazes Treasurer | Officer | 2 | $760 |
Marjory Snyder Director | Trustee | 2 | $690 |
Ariana Sorem Director | Trustee | 2 | $580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $241,117 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $323,683 |
| Total Program Service Revenue | $878,176 |
| Investment income | $280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $129,776 |
| 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 | $1,335,916 |
| 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. | $14,459 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,624 |
| Pension plan accruals and contributions | $8,093 |
| Other employee benefits | $0 |
| Payroll taxes | $20,627 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,927 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $37,665 |
| Office expenses | $378 |
| Information technology | $2,463 |
| Royalties | $0 |
| Occupancy | $75,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,232 |
| Insurance | $51,263 |
| All other expenses | $123,618 |
| Total functional expenses | $942,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,560 |
| Savings and temporary cash investments | $5,146 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,256 |
| 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 | $202 |
| Net Land, buildings, and equipment | $1,765,326 |
| Investments—publicly traded securities | $67,690 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,769,180 |
| Accounts payable and accrued expenses | $25,211 |
| Grants payable | $0 |
| Deferred revenue | $17,842 |
| 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 | $18,584 |
| Other liabilities | $4,000 |
| Total liabilities | $65,637 |
| Net assets without donor restrictions | $2,703,543 |
| 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 | $2,769,180 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dakota County Agricultural Society has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $500 |
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 |