Overview
What is Marion County Agricultural Fair Association Inc?
Marion County Agricultural Fair Association Inc is a nonprofit organization situated in Indianapolis, Indiana. Their primary focus is to organize an annual agricultural fair, catering to the entire community. The fair aims to promote education, entertainment, agriculture, and recreation, with a special emphasis on youth. The organization's mission is to provide a year-round, multi-purpose facility that serves the needs of the Marion County community, contributing to the development of stronger partnerships and a more cohesive community. The Association has a small workforce of five individuals dedicated to achieving these objectives.
Official website here: www.marioncountyfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star Rating (Needs Improvement, Overall Score: 69%)
The Marion County Agricultural Fair Association Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various aspects of its operations. With an overall score of 69%, the organization demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 92.02%. This suggests that a significant portion of its funds is directed toward fulfilling its mission, which is a positive aspect of its financial management.
However, the organization has notable weaknesses in its accountability and governance practices. It lacks important policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for transparency and accountability. Additionally, financial statements are not available, which raises concerns regarding the organization’s financial reporting practices and overall transparency.
On a positive note, the board of directors is entirely independent, and the organization maintains a healthy liabilities to assets ratio of 36.57%. While the absence of crucial policies and missing financial documents are significant limitations, the strong independent board and high program expense ratio highlight some of the strengths of the Marion County Agricultural Fair Association Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Marion County Agricultural Fair Association Inc legitimate?
Marion County Agricultural Fair Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion County Agricultural Fair Association 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: $65,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,497
For more financial information, click here
Official website here: www.marioncountyfair.org
What is the mission statement of Marion County Agricultural Fair Association Inc?
The Marion County Agricultural Fair Association Inc's mission is to offer a year-round, multi-purpose facility that caters to the needs of its community. This facility prioritizes youth education, entertainment, agriculture, and recreation, aiming to strengthen community partnerships in the process. The association organizes an annual agricultural fair open to all community members and maintains its fairgrounds with a focus on these key areas.
Official website here: www.marioncountyfair.org
Who is the CEO of Marion County Agricultural Fair Association Inc?
Cindy Mowery is the Executive Director of Marion County Agricultural Fair Association Inc.
Official website here: www.marioncountyfair.org
What is the revenue of Marion County Agricultural Fair Association Inc?
Marion County Agricultural Fair Association Inc's revenue in 2021 was $827,108.
Official website here: www.marioncountyfair.org
Who are the executives of Marion County Agricultural Fair Association Inc and what are their salaries?
The average compensation at Marion County Agricultural Fair Association Inc during 2021 was $15,099. There are 5 employees and 10 volunteers at Marion County Agricultural Fair Association Inc.
Here are 11 key members and their salaries:
- Compensation: $65,000
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- Other: $0
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- Other: $0
Official website here: www.marioncountyfair.org
Where can I find the form 990 for Marion County Agricultural Fair Association Inc?
Marion County Agricultural Fair Association Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.marioncountyfair.org
Learn more at the official website: www.marioncountyfair.org
Mission Statement of Marion County Agricultural Fair Association Inc
The Marion County Agricultural Fair Association Inc is committed to serving the community's needs, offering an enjoyable, safe, and year-round multi-use facility. Their mission is to provide an agricultural fair for all community members, while also emphasizing youth education, entertainment, agriculture, and recreation. This approach aims to foster partnerships and contribute to building a stronger community. The association's focus on these areas not only offers enjoyment and education but also promotes the importance of agriculture and recreation, thereby enriching the community as a whole.
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Impact
October, 2024
The Marion County Agricultural Fair Association Inc. plays a vital role in enhancing community life in Indianapolis, Indiana, by providing a safe and enjoyable multi-use facility that caters to a wide range of needs throughout the year. With a strong commitment to youth education, entertainment, agriculture, and recreation, the association fosters partnerships that strengthen the community fabric.
Through the organization of an annual agricultural fair, it brings together community members of all ages, creating a vibrant social gathering that celebrates local culture and agricultural heritage. The fair serves as an educational platform for youth, offering experiences that promote the understanding of agricultural practices and the importance of sustainability.
Additionally, the fairgrounds are maintained to support a variety of recreational activities, helping to ensure that the facility remains a central hub for entertainment and community engagement. By focusing on these key areas, the Marion County Agricultural Fair Association Inc. significantly contributes to building a stronger, more connected community while enriching the lives of its residents.
This information is meant to be a general summary of Marion County Agricultural Fair Association 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 2021.
- Investment Income: $4,282
- Program Service Revenue: $765,665
- Gross Receipts: $1,300,547
Assets and Liabilities:
- Total Assets: $1,664,856
- Total Liabilities: $536,877
- Net Assets: $1,127,979
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MARION COUNTY FAIR
Revenue
$677,429
NON-FAIR INCOME
Revenue
$88,236
Organization Details
Founding Year
1934
Phone
(317) 353-2444Principal Officer
Cindy Mowery
Main Address
PO BOX 39225, INDIANAPOLIS, IN, 46239
Website
www.marioncountyfair.orgNTEE Category
Code: N52 - Recreation
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