Lancaster County Agricultural Society Inc
- Assets
- $20.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 148
- Location
- Lincoln, NE
- Founding
- 08/1997
- Data as of
- 11/2020
- EIN
- 47-0786365
Organization Overview
Lancaster County Agricultural Society Inc is located in Lincoln, NE. The organization was established in 1997. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Lancaster County Agricultural Society Inc employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lancaster County Agricultural Society Inc 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 11/2020, Lancaster County Agricultural Society Inc generated $3.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.8m during the year ending 11/2020. 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 FAIR AND EVENT FACILITIES FOR LANCASTER COUNTY, NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION AND EDUCATION OF GENERAL PUBLIC ON THE INTEREST OF AGRICULTURE THROUGH SPONSORING THE COUNTY FAIR
PROMOTION AND EDUCATION OF GENERAL PUBLIC ON THE INTEREST OF AGRICULTURE THROUGH SPONSORING THE COUNTY FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Dickerson Managing Dir | Officer | 40 | $134,992 |
Kendra Ronnau President | OfficerTrustee | 5 | $0 |
Ron Dowding Vice Preside | OfficerTrustee | 5 | $0 |
John Cooper Secretary | OfficerTrustee | 5 | $0 |
Karen Rutt Treasurer | OfficerTrustee | 5 | $0 |
Lynn Hagan Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,004,718 |
| Investment income | $97 |
| 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 | $287,021 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,982,282 |
| 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. | $124,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,166,012 |
| Pension plan accruals and contributions | $22,420 |
| Other employee benefits | $124,787 |
| Payroll taxes | $112,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,297 |
| Fees for services: Accounting | $44,525 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $359,515 |
| Advertising and promotion | $15,719 |
| Office expenses | $34,248 |
| Information technology | $31,342 |
| Royalties | $0 |
| Occupancy | $341,268 |
| Travel | $5,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $785,202 |
| Insurance | $120,701 |
| All other expenses | $0 |
| Total functional expenses | $3,818,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $639,518 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,204 |
| Prepaid expenses and deferred charges | $40,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,865,052 |
| Accounts payable and accrued expenses | $1,031,524 |
| Grants payable | $0 |
| Deferred revenue | $307,148 |
| 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 | $4,014,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,352,819 |
| 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 | $15,512,233 |
| Total liabilities and net assets/fund balances | $15,512,233 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lancaster County Agricultural Society Inc has recieved totaling $150.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
Lancaster County Agricultural Society Inc Lincoln, NE | $20,865,052 | $2,982,282 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Cody Stampede Inc Cody, WY | $3,494,478 | $3,110,728 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Wichita Festivals Inc Wichita, KS | $2,056,183 | $2,145,055 |
Southeast Missouri District Fair Association Inc Cape Girardeau, MO | $2,015,257 | $841,297 |
Lincoln County Fair Inc Troy, MO | $1,246,942 | $1,315,602 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |
Gasconade County Fair Association Owensville, MO | $722,006 | $1,011,925 |
Hancock County Agricultural Society Britt, IA | $570,023 | $886,248 |