Overview
What is Falls County Youth Fair Association?
The Falls County Youth Fair Association is a nonprofit organization situated in Marlin, Texas. Their primary mission is to organize a livestock and home economic show, inviting all youth from Falls County to participate. During the 2022 event, they conducted a livestock and baked goods sale, generating a significant revenue of $350,026. A substantial portion, approximately 94%, was directly distributed among the youth exhibitors. In order to maintain the fair grounds and compensate livestock judges, the organization retained a commission of $21,002. The association also honors top exhibitors with buckles and plaques. It's worth noting that reported sales on Part V111 Line 7a may not match the stated amount due to incomplete collections from 2022 and some 2021 sales collected in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Falls County Youth Fair Association has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is derived from a single beacon, with a focus entirely on Accountability & Finance, reflecting the organization's commitment to transparency and responsible financial practices.
The organization shows strong strengths, particularly in having a fully independent board and a favorable liabilities to assets ratio of 31.38%. Additionally, it excels in program expense ratio, allocating 94.51% of its resources directly to programs. This level of efficiency highlights the association's effectiveness in utilizing funds to achieve its mission.
While the organization demonstrates significant strengths in governance and financial management, it does not appear to have any noted limitations in the data provided. Overall, the Falls County Youth Fair Association showcases a commendable commitment to its financial integrity and operational efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Falls County Youth Fair Association legitimate?
Falls County Youth Fair Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Falls County Youth Fair Association 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
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What is the mission statement of Falls County Youth Fair Association?
The Falls County Youth Fair Association's mission is centered around providing a livestock and home economic show for all youth residing in Falls County. This initiative aims to offer a participatory platform for local youth, fostering their involvement and growth. In 2022, the association organized a livestock and baked goods sale, raising a substantial amount of funds. A significant portion of these funds, approximately 94%, were directly distributed to the youth exhibitors. The organization also retained a commission to cover maintenance costs for the fairgrounds and compensation for livestock judges. Furthermore, the association honors top exhibitors with awards, such as buckles and plaques.
What is the revenue of Falls County Youth Fair Association?
Falls County Youth Fair Association's revenue in 2023 was $85,381.
Who are the executives of Falls County Youth Fair Association and what are their salaries?
There 101 volunteers at Falls County Youth Fair Association.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Falls County Youth Fair Association?
Falls County Youth Fair Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Falls County Youth Fair Association
The Falls County Youth Fair Association is dedicated to providing an engaging livestock and home economics show for all youth residing in Falls County. This nonprofit organization's mission is to create an inclusive platform where young individuals can showcase their agricultural skills and home economics projects. By doing so, the Falls County Youth Fair Association aims to foster a sense of pride and achievement among its participants.
In practical terms, this mission translates into organizing events such as livestock shows and baked goods sales. During the 2022 fair, for instance, the organization conducted a livestock sale and baked goods exhibition, generating significant revenue of $350,026. A substantial portion of this income, approximately 94%, was directly distributed among the youth exhibitors. The Falls County Youth Fair Association, however, retained a commission of $21,002 to cover the costs associated with maintaining the fairgrounds and compensating livestock judges and other relevant personnel.
The Falls County Youth Fair Association also recognizes and rewards the top exhibitors by presenting them with buckles and plaques. Although not explicitly mentioned in the provided information, it can be inferred that this recognition plays a crucial role in motivating the youth exhibitors and fostering a sense of healthy competition within the community. The organization's mission, therefore, is multifaceted, encompassing both the provision of a platform for youth showcase and the encouragement of their development through recognition and reward systems.
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Impact
August, 2024
The Falls County Youth Fair Association's impact can be seen in its dedication to providing a platform for Falls County youth to participate in a livestock and home economic show. In 2022, the organization held a successful event that included a livestock and baked goods sale, raising an impressive $350,026. Of this amount, 94% will directly benefit the youth exhibitors, demonstrating the direct support provided to the young participants. Additionally, the organization withheld a commission to cover the costs of maintaining the fairgrounds and compensating livestock judges, ensuring the smooth operation of the event. Moreover, the association recognizes the achievements of the youth exhibitors by awarding buckles and plaques to the top performers, further motivating and encouraging their participation. Overall, the Falls County Youth Fair Association plays a crucial role in fostering youth development and providing valuable opportunities for the youth of Falls County to showcase their skills and talents.
This information is meant to be a general summary of Falls County Youth Fair Association. 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: $8,474
- Program Service Revenue: $30,705
- Gross Receipts: $426,580
Assets and Liabilities:
- Total Assets: $373,758
- Total Liabilities: $117,315
- Net Assets: $256,443
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMISSION FROM FAIR PROCEEDS
Revenue
$30,705
Organization Details
Founding Year
1973
Principal Officer
Rockney Terry
NTEE Category
Code: O20 - Youth development
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