Overview
What is Madison County Fair And Horse Show Inc?
Madison County Fair And Horse Show Inc is a nonprofit organization situated in Richmond, Kentucky. Their primary focus is to organize and facilitate a wide range of educational, agricultural, and civic events, primarily focusing on horse shows and fairs, as well as pageants. They aim to make their facilities accessible to the public for such purposes. The organization hosted a significant number of events during the recent fiscal year, totaling 70. The main objective of this nonprofit is to serve the public and promote learning, agriculture, and community engagement through these events.
Official website here: www.themadisoncountyfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%
Madison County Fair And Horse Show Inc has received a 52% rating from Charity Navigator, resulting in a One-Star out of Four Stars designation. This score indicates significant concerns regarding the organization's accountability and financial practices. The lack of independent board members and absence of essential financial documentation highlight structural weaknesses that could affect governance and transparency.
The organization demonstrates a dedication to its program expenses, with an impressive program expense ratio of 93.99%, suggesting that most of its funds are directed towards its mission-related activities. However, the absence of critical policies such as conflict of interest, whistleblower, and document retention raises questions about governance practices. Additionally, the lack of board meeting minutes and the failure to provide financial statements further undermine the organization’s accountability.
While the organization shows promise in its operational focus, the noted deficiencies in governance practices and transparency may deter potential donors seeking assurance in their contributions. It is essential for Madison County Fair And Horse Show Inc to address these issues to improve its trustworthiness and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Fair And Horse Show Inc legitimate?
Madison County Fair And Horse Show Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County Fair And Horse Show 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: $0
For more financial information, click here
Official website here: www.themadisoncountyfair.com
What is the mission statement of Madison County Fair And Horse Show Inc?
Madison County Fair and Horse Show Inc's mission is centered around hosting a countywide horse show and fair, as well as pageants, with the primary objective of benefiting the public. This organization aims to further educational, agricultural, and civic purposes by utilizing its facilities exclusively for such activities. The organization holds a significant number of events annually, with 70 events taking place during the previous fiscal year.
Official website here: www.themadisoncountyfair.com
Who is the CEO of Madison County Fair And Horse Show Inc?
Chuck Givens is the President of Madison County Fair And Horse Show Inc.
Official website here: www.themadisoncountyfair.com
What is the revenue of Madison County Fair And Horse Show Inc?
Madison County Fair And Horse Show Inc's revenue in 2023 was $872,707.
Official website here: www.themadisoncountyfair.com
Who are the executives of Madison County Fair And Horse Show Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.themadisoncountyfair.com
Where can I find the form 990 for Madison County Fair And Horse Show Inc?
Madison County Fair And Horse Show Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.themadisoncountyfair.com
Learn more at the official website: www.themadisoncountyfair.com
Mission Statement of Madison County Fair And Horse Show Inc
Madison County Fair And Horse Show Inc is dedicated to serving the public by organizing a countywide horse show and fair, along with pageants and other events. Their mission is to utilize their facilities exclusively for the public, primarily to promote educational, agricultural, and civic purposes. The organization hosts approximately 70 events throughout the fiscal year, furthering their goal of educating and engaging the community. By providing a platform for such events, Madison County Fair And Horse Show Inc contributes to the community's overall development and learning.
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Impact
October, 2024
Madison County Fair and Horse Show Inc significantly enhances community engagement and promotes local culture through its countywide horse show and fair activities, along with various pageants. By hosting 70 events within a single fiscal year, the organization creates numerous opportunities for residents to come together, celebrate agricultural heritage, and participate in recreational activities.
These events foster a sense of community, allowing families and individuals to connect over shared interests. The facilities are dedicated to the public for educational, agricultural, and civic purposes, ensuring that opportunities for learning and growth are accessible to all. This focus on community involvement not only enriches the lives of local residents but also helps preserve and promote agricultural practices and traditions in the region.
Through its diverse programming, Madison County Fair and Horse Show Inc plays a vital role in the social fabric of Richmond, KY, by providing entertainment, educational resources, and a platform for local talent and culture.
This information is meant to be a general summary of Madison County Fair And Horse Show 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 2023.
- Investment Income: $9,147
- Program Service Revenue: $859,232
- Gross Receipts: $872,707
Assets and Liabilities:
- Total Assets: $890,510
- Total Liabilities: $0
- Net Assets: $890,510
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REV
Revenue
$859,232
Organization Details
Phone
(859) 582-8815Principal Officer
Chuck Givens
Main Address
P O BOX 699, RICHMOND, KY, 40476
Website
www.themadisoncountyfair.comNTEE Category
Code: N52 - Recreation
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