Overview
What is Spencer Agricultural Association Inc?
Spencer Agricultural Association Inc is a nonprofit organization based in Spencer, Massachusetts, primarily known for managing the annual Spencer Fair. Established with a mission to promote agriculture and horticulture, this community-driven organization relies on volunteers to carry out its activities. The association's purpose extends beyond farming, encompassing youth programs, outdoor entertainment, and sports, aiming to engage and educate the local community. With a workforce of approximately 90 individuals, Spencer Agricultural Association Inc plays a significant role in preserving and celebrating rural traditions in the area.
Official website here: www.spencerfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (69%)
The Spencer Agricultural Association Inc has received a two-star rating, indicating that while some aspects of the organization are strong, there are critical areas needing attention. One of the highlights of the organization is its financial health, demonstrated by a program expense ratio of 95.72%, suggesting that a significant portion of its resources is directed towards programming rather than administrative costs. Additionally, the board is composed entirely of independent members, which is a positive aspect for governance.
However, the organization faces several limitations, particularly in its accountability and transparency practices. Notably, it lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are crucial for fostering trust and integrity. The absence of financial statements and tax forms on its website further detracts from its transparency, limiting stakeholders' ability to assess the organization's financial situation thoroughly.
Overall, while the Spencer Agricultural Association shows a commitment to its programming and maintains a strong independent board, the need for improved accountability practices and transparency is evident. Addressing these gaps could significantly enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Spencer Agricultural Association Inc legitimate?
Spencer Agricultural Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spencer Agricultural Association Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,915
For more financial information, click here
Official website here: www.spencerfair.org
What is the mission statement of Spencer Agricultural Association Inc?
The Spencer Agricultural Association Inc is dedicated to the promotion of various agricultural and horticultural activities, as well as youth engagements and outdoor entertainment and sports. As part of its mission, the organization manages the annual Spencer Fair, which is run by volunteers. Their primary goal is to foster and promote agricultural and horticultural activities within the community.
Official website here: www.spencerfair.org
Who is the CEO of Spencer Agricultural Association Inc?
Robert Knight is the Director of Spencer Agricultural Association Inc.
Official website here: www.spencerfair.org
What is the revenue of Spencer Agricultural Association Inc?
Spencer Agricultural Association Inc's revenue in 2022 was $538,500.
Official website here: www.spencerfair.org
Who are the executives of Spencer Agricultural Association Inc and what are their salaries?
The average compensation at Spencer Agricultural Association Inc during 2022 was $932. There are 90 employees at Spencer Agricultural Association Inc.
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Official website here: www.spencerfair.org
Where can I find the form 990 for Spencer Agricultural Association Inc?
Spencer Agricultural Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spencerfair.org
Learn more at the official website: www.spencerfair.org
Mission Statement of Spencer Agricultural Association Inc
Spencer Agricultural Association Inc, a volunteer-driven organization, is devoted to the promotion of agriculture and horticulture activities. Their primary mission is to encourage and celebrate these fields, as well as facilitate various outdoor entertainment and sports events. The organization is notable for its annual Spencer Fair, which serves as a platform to showcase their passion for agriculture, horticulture, and other related outdoor activities.
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Impact
July, 2024
Spencer Agricultural Association Inc's impact is significant in promoting agriculture, horticulture, youth activities, and other outdoor entertainment and sports through the management of the annual Spencer Fair. The organization, consisting of volunteers, was established with a mission to promote agricultural, horticultural, and other outdoor activities in Spencer, MA. Their focus on these activities helps in fostering community engagement, education, and appreciation for food production and outdoor entertainment.
This information is meant to be a general summary of Spencer Agricultural Association Inc. 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: $796
- Program Service Revenue: $486,246
- Gross Receipts: $538,500
Assets and Liabilities:
- Total Assets: $626,935
- Total Liabilities: $0
- Net Assets: $626,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAIR REVENUE
Revenue
$420,101
VARIOUS RENTALS
Revenue
$65,845
OTHER INCOME
Revenue
$300
Organization Details
Founding Year
1936
Phone
(508) 885-5814Principal Officer
Robert Knight
Main Address
PO BOX 46, SPENCER, MA, 01562
Website
www.spencerfair.orgNTEE Category
Code: K20 - Food
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