Overview
What is Loudoun Fair And Associates Inc?
Loudoun Fair and Associates Inc, based in Leesburg, Virginia, is a nonprofit organization dedicated to maintaining and enhancing the Loudoun Fairgrounds. Their primary mission is to serve as a facility for youth programs, hosting the annual Loudoun County Fair. This event showcases agricultural and home economic activities, creating a market for the county's various youth groups to showcase their livestock and produce. The organization's activities and objectives are geared towards fostering and encouraging youth development through educational, recreational, social, and community programs. These programs aim to train young individuals in various areas such as agriculture, home economics, livestock, art work, and hobbies, totaling 12 employees in their team.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
Loudoun Fair And Associates Inc holds a two-star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization scores well in areas such as having a fully independent board and no material diversion of assets. It also demonstrates a strong program expense ratio, indicating that all expenses are directed towards its programs.
However, there are notable areas for improvement. The absence of a whistleblower policy and document retention and destruction policy raises concerns regarding governance practices. These gaps can impact overall transparency and accountability, which are critical for donor confidence and effective organizational management.
While the organization shows positive financial metrics, the missing policies highlight potential vulnerabilities in its operational processes. Addressing these limitations could enhance its standing and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Loudoun Fair And Associates Inc legitimate?
Loudoun Fair And Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loudoun Fair And Associates 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: $16,758
For more financial information, click here
What is the mission statement of Loudoun Fair And Associates Inc?
Loudoun Fair And Associates Inc has a mission to foster and encourage youth development through educational, recreational, social, and community programs. Their objectives involve training youth in various areas such as agriculture, home economics, livestock, art, and hobbies. The organization maintains and improves the Loudoun Fairgrounds as a facility for hosting these youth programs and annually organizes the Loudoun County Fair to showcase agricultural and home economic activities, creating a market for animals and produce raised by local youth groups.
Who is the CEO of Loudoun Fair And Associates Inc?
Ethan Smith is the President of Loudoun Fair And Associates Inc.
What is the revenue of Loudoun Fair And Associates Inc?
Loudoun Fair And Associates Inc's revenue in 2022 was $559,851.
Who are the executives of Loudoun Fair And Associates Inc and what are their salaries?
The average compensation at Loudoun Fair And Associates Inc during 2022 was $1,396. There are 12 employees and 60 volunteers at Loudoun Fair And Associates Inc.
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Where can I find the form 990 for Loudoun Fair And Associates Inc?
Loudoun Fair And Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Loudoun Fair And Associates Inc
Loudoun Fair and Associates Inc is committed to fostering and encouraging youth development through a variety of educational, recreational, social, and community programs. Their mission is to train youth in various areas, including agriculture, home economics, livestock, art work, and hobbies. The organization aims to maintain and improve its facilities, primarily the Loudoun Fairgrounds, to serve as a hub for these youth programs and host the annual Loudoun County Fair. This fair showcases agricultural and home economic activities, providing a market for animals and produce raised by the county's various youth groups. By offering these programs, Loudoun Fair and Associates Inc seeks to contribute to the overall development of young individuals, equipping them with diverse skills and experiences.
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Impact
July, 2024
Loudoun Fair And Associates Inc's impact is significant in fostering and encouraging youth development through educational, recreational, social, and community programs. Their focus on training youth in agriculture, home economics, livestock, art work, and hobbies helps in cultivating essential skills and knowledge among young individuals. Additionally, by maintaining and improving the Loudoun Fairgrounds as a facility for youth programs and the annual Loudoun County Fair, they provide a platform for showcasing agricultural and home economic activities. This helps create a market for animals and produce raised by various youth groups in the county, further supporting their growth and development. The organization's commitment to youth development and community engagement is evident in their ongoing efforts to empower the next generation.
This information is meant to be a general summary of Loudoun Fair And Associates 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: $133
- Program Service Revenue: $422,796
- Gross Receipts: $559,851
Assets and Liabilities:
- Total Assets: $1,233,530
- Total Liabilities: $254
- Net Assets: $1,233,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VENDOR INCOME
Revenue
$22,750
ENTRY FEES
Revenue
$615
GATE INCOME
Revenue
$169,340
4H CATTLE AUCTION
Revenue
$226,327
EVENT SPONSORS
Revenue
$3,764
Organization Details
Founding Year
1958
Principal Officer
Ethan Smith
Main Address
PO BOX 4100, LEESBURG, VA, 20177
NTEE Category
Code: O52Z - Youth development
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