Overview
What is Marion County Agricultural Society Inc?
Marion County Agricultural Society Inc, located at 220 E Fairgrounds Street, Marion, Ohio 43302, is a nonprofit organization primarily dedicated to operating and maintaining the Marion County Fair. Their mission encompasses bringing together the youth of the community and providing entertainment for the entire area. With a workforce of 24 individuals, they play a significant role in fostering unity and enjoyment through this annual event. The society's primary activity revolves around managing and maintaining the fairgrounds, contributing to the local community's cultural and recreational life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Marion County Agricultural Society Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The organization scored 94% overall, with the rating reflecting its strong emphasis on financial integrity and transparency. The high score is primarily due to the perfect 100% rating for accountability and finance, showcasing its commitment to responsible financial practices.
The organization boasts an entirely independent board of directors, with all eight members having no conflicts of interest, which enhances governance and trust. Furthermore, it has received full marks in key categories such as financial audits and the absence of material asset diversion. Policies such as conflict of interest, whistleblower protection, and document retention show a robust framework for ethical operations.
Despite these strengths, there are no noted limitations in the data that could point to areas for improvement. The impressive program expense ratio of 97.59% indicates that the vast majority of its expenses directly support its mission, underscoring its effectiveness and efficiency in resource allocation. Overall, the Marion County Agricultural Society Inc stands out for its strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Marion County Agricultural Society Inc legitimate?
Marion County Agricultural Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion County 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: $19,575
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,340
For more financial information, click here
What is the mission statement of Marion County Agricultural Society Inc?
The Marion County Agricultural Society Inc's primary objective is to manage and maintain its fairgrounds. This purpose is accomplished through the organization of the annual fair, which serves to assemble the youth of Marion and offers entertainment for the entire community. By operating the Marion County Fair, the society fosters a sense of unity among the local youth and provides enjoyable leisure activities for the entire community.
Who is the CEO of Marion County Agricultural Society Inc?
Amanda M Loyer is the Secretary of Marion County Agricultural Society Inc.
What is the revenue of Marion County Agricultural Society Inc?
Marion County Agricultural Society Inc's revenue in 2022 was $1,483,488.
Who are the executives of Marion County Agricultural Society Inc and what are their salaries?
The average compensation at Marion County Agricultural Society Inc during 2022 was $5,455. There are 24 employees at Marion County Agricultural Society Inc.
Here are 4 key members and their salaries:
- Compensation: $18,790
- Related: $0
- Other: $0
- Compensation: $785
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Marion County Agricultural Society Inc?
Marion County Agricultural Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marion County Agricultural Society Inc
The Marion County Agricultural Society Inc, as its mission statement suggests, is dedicated to overseeing and preserving the fairgrounds. This organization plays a pivotal role in bringing together the youth of Marion, providing an avenue for community entertainment. Beyond this, the Society's principal activity revolves around operating the Marion County Fair, an event that serves as a unifying force for the entire community.
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Impact
October, 2024
Marion County Agricultural Society Inc plays a pivotal role in the community by operating and maintaining the fairgrounds, which serve as a hub for local gatherings and events. The Marion County Fair is a significant highlight of the year, bringing together the youth of Marion and providing a platform for entertainment that engages the entire community. This annual event fosters social connections, promotes local culture, and showcases agricultural achievements, enriching the lives of residents. The organization's efforts contribute to a sense of community pride and offer diverse recreational opportunities that benefit people of all ages.
This information is meant to be a general summary of Marion County 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: $115
- Program Service Revenue: $690,073
- Gross Receipts: $1,483,488
Assets and Liabilities:
- Total Assets: $712,159
- Total Liabilities: $87,063
- Net Assets: $625,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAIR
Revenue
$690,073
Organization Details
Founding Year
1851
Principal Officer
Amanda M Loyer
Main Address
220 E FAIRGROUNDS STREET, MARION, OH, 43302
NTEE Category
Code: N52 - Recreation
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