Overview
What is Montgomery Co Agricultural Society Inc?
Montgomery Co Agricultural Society Inc, based in Fonda, New York, is a nonprofit organization with a mission to foster agriculture within its community. They primarily achieve this goal through their annual agricultural fair, known as the Fonda Fair, along with educational programs and exhibits. Established with a charter issued by New York State, their primary focus is to encourage and celebrate the agricultural heritage of Montgomery County. The organization, which employs 71 individuals, plays a significant role in promoting and preserving local agricultural traditions while offering educational opportunities and showcasing local produce and farming practices.
Official website here: www.fondafair.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Montgomery Co Agricultural Society Inc has achieved a remarkable four-star rating from Charity Navigator, signifying exceptional accountability and financial health. The organization received a score of 96% based solely on its accountability and finance metrics, which highlights its commitment to transparency and effective management of resources.
The nonprofit boasts a fully independent board, with all eight members meeting independence standards, and has demonstrated strong financial practices, including a program expense ratio of 97.26%. Additionally, the organization has implemented comprehensive policies such as conflict of interest and whistleblower protections, which further reinforce its dedication to ethical governance and responsible stewardship of funds.
While the organization has shown significant strengths in its financial management and accountability, the review does not identify any specific limitations or areas needing improvement. This strong performance indicates that Montgomery Co Agricultural Society Inc is a well-managed nonprofit with a clear focus on serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery Co Agricultural Society Inc legitimate?
Montgomery Co Agricultural Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery Co Agricultural Society 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: $105,228
For more financial information, click here
Official website here: www.fondafair.com/
What is the mission statement of Montgomery Co Agricultural Society Inc?
The Montgomery Co Agricultural Society Inc, as per its mission statement, strives to promote agriculture in Montgomery County, New York. This is primarily achieved through the annual agricultural fair, known as the Fonda Fair. Additionally, education and exhibits are employed as tools to further this objective. The society's activities are guided by a charter issued by New York State, which emphasizes the importance of agriculture promotion.
Official website here: www.fondafair.com/
Who is the CEO of Montgomery Co Agricultural Society Inc?
Richard Kennedy is the Director of Montgomery Co Agricultural Society Inc.
Official website here: www.fondafair.com/
What is the revenue of Montgomery Co Agricultural Society Inc?
Montgomery Co Agricultural Society Inc's revenue in 2022 was $864,757.
Official website here: www.fondafair.com/
Who are the executives of Montgomery Co Agricultural Society Inc and what are their salaries?
The average compensation at Montgomery Co Agricultural Society Inc during 2022 was $1,482. There are 71 employees and 38 volunteers at Montgomery Co Agricultural Society Inc.
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Official website here: www.fondafair.com/
Where can I find the form 990 for Montgomery Co Agricultural Society Inc?
Montgomery Co Agricultural Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fondafair.com/
Learn more at the official website: www.fondafair.com/
Mission Statement of Montgomery Co Agricultural Society Inc
Montgomery County Agricultural Society Inc, as outlined in its mission, is dedicated to promoting agriculture within Montgomery County, New York. The organization achieves this objective primarily through two means: hosting an annual agricultural fair, known as the Fonda Fair, and providing educational exhibits. This mission, as per the charter issued by the state of New York, is central to the Society's activities. By organizing the Fonda Fair, Montgomery County Agricultural Society Inc offers a platform to showcase local agriculture, fostering a sense of community and pride in the region's agricultural heritage. The educational exhibits further contribute to this mission by providing insights into various aspects of agriculture, thereby promoting a deeper understanding and appreciation for the field.
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Impact
October, 2024
Montgomery Co Agricultural Society Inc significantly impacts the agricultural community in Montgomery County, New York. By organizing the annual Fonda Fair, the society fosters a vibrant celebration of local agriculture, showcasing the hard work and dedication of farmers and producers in the region. This event not only serves as a platform for agricultural education but also cultivates community engagement and appreciation for farming practices.
Through various exhibits and educational programs, the society enhances public awareness of agricultural importance, encouraging sustainable practices and fostering interest among younger generations in farming careers. The fair provides opportunities for networking and collaboration among local farmers, enhancing both economic viability and community resilience.
Furthermore, by maintaining a focus on agriculture through its charter, the society plays a crucial role in promoting the relevance and significance of this sector within the local economy, ensuring that farming traditions are honored and preserved for future generations. Overall, the Montgomery Co Agricultural Society Inc is a cornerstone of agricultural development and community spirit in Montgomery County.
This information is meant to be a general summary of Montgomery Co Agricultural Society 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: $5
- Program Service Revenue: $856,358
- Gross Receipts: $864,757
Assets and Liabilities:
- Total Assets: $1,103,549
- Total Liabilities: $6,230
- Net Assets: $1,097,319
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$571,309
RENTAL INCOME
Revenue
$285,049
Organization Details
Founding Year
1864
Phone
(518) 853-3313Principal Officer
Richard Kennedy
Main Address
PO BOX 385, FONDA, NY, 12068
Website
www.fondafair.com/NTEE Category
Code: N52 - Recreation
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