Overview
What is Cumberland Farmers Club?
The Cumberland Farmers Club is a nonprofit organization with a primary focus on raising annual revenue from county fairs. This revenue serves multiple purposes within the agriculture sector. Specifically, it covers agricultural premiums and supports various promotional activities, all aimed at furthering agricultural endeavors. While the information provided does not detail the extent of their reach or any additional services they may offer, the Cumberland Farmers Club's mission is clear: to generate funds for agriculture-related initiatives through annual county fairs.
Official website here: www.cumberlandfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Cumberland Farmers Club received a rating of 54% from Charity Navigator, which indicates significant areas for improvement in its accountability and financial reporting. The organization has no independent board members, which raises concerns about governance and oversight. Additionally, several key policies, including those addressing conflicts of interest and whistleblowing, are missing, further highlighting potential weaknesses in organizational structure.
Despite these issues, the club shows a positive aspect with an impressive program expense ratio of 89.36%, suggesting that a substantial portion of its funds is directed towards its programs. However, the absence of financial statements and a lack of transparency regarding board governance are serious limitations that could affect trust among donors and the public.
Overall, while the Cumberland Farmers Club demonstrates a commitment to its programs, the significant deficiencies in transparency and governance practices warrant caution for potential donors and supporters. Addressing these concerns would be essential for improving its overall rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Farmers Club legitimate?
Cumberland Farmers Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Farmers Club submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $56,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,576
For more financial information, click here
Official website here: www.cumberlandfair.com
What is the mission statement of Cumberland Farmers Club?
The Cumberland Farmers Club's mission is primarily centered around generating revenue from annual county fairs. This revenue is utilized for two main purposes: making payments for agricultural premiums and supporting various promotional activities aimed at promoting agriculture. The fairs serve as a crucial source of funds, contributing to the overall growth and development of the agricultural sector.
Official website here: www.cumberlandfair.com
Who is the CEO of Cumberland Farmers Club?
Jeff Steinman is the Director of Cumberland Farmers Club.
Official website here: www.cumberlandfair.com
What is the revenue of Cumberland Farmers Club?
Cumberland Farmers Club's revenue in 2022 was $2,072,315.
Official website here: www.cumberlandfair.com
Who are the executives of Cumberland Farmers Club and what are their salaries?
The average compensation at Cumberland Farmers Club during 2022 was $1,262. There are 146 employees and 150 volunteers at Cumberland Farmers Club.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $18,196
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
Official website here: www.cumberlandfair.com
Where can I find the form 990 for Cumberland Farmers Club?
Cumberland Farmers Club's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cumberlandfair.com
Learn more at the official website: www.cumberlandfair.com
Mission Statement of Cumberland Farmers Club
The Cumberland Farmers Club is dedicated to raising annual revenue from county fairs, which serves two primary purposes. Firstly, the revenues are utilized to cover agricultural premiums. Secondly, these funds are also allocated towards various promotional activities aimed at supporting the agriculture sector. In essence, the club's mission is to generate income from annual county fairs, using a portion of it to fulfill agricultural premium obligations and invest in further agricultural promotions.
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Impact
July, 2024
The Cumberland Farmers Club plays a vital role in supporting agriculture in the community by organizing an annual county fair. The revenues generated from this fair are crucial for the payment of agricultural premiums and other promotions that contribute to the development and sustainability of agriculture in Cumberland, ME. Through its activities, the club fosters a platform for showcasing agricultural achievements, providing opportunities for farmers to receive recognition and support for their hard work. The impact of the Cumberland Farmers Club extends beyond just the annual fair, as it helps to promote and elevate the importance of agriculture within the community.
This information is meant to be a general summary of Cumberland Farmers Club. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $512
- Program Service Revenue: $2,031,194
- Gross Receipts: $2,083,835
Assets and Liabilities:
- Total Assets: $1,193,514
- Total Liabilities: $20,573
- Net Assets: $1,172,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUMBERLAND AGRICULTURA
Revenue
$2,031,194
Organization Details
Founding Year
1905
Phone
(207) 774-9811Principal Officer
Jeff Steinman
Main Address
P O Box 745, Cumberland, ME, 04021
Website
www.cumberlandfair.comNTEE Category
Code: N52 - Recreation
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