Overview
What is Racine County Agricultural Society?
The Racine County Agricultural Society is a nonprofit organization situated in Union Grove, Wisconsin. The primary focus of this organization is to organize and manage the annual Racine County Fair, a five-day event that attracts around 100,000 attendees. Approximately 2,000 youth and adults participate in the fair, showcasing their projects and skills in various competitions. This event serves as an excellent platform for youth to develop their hobbies and talents. With a team of 19 dedicated individuals, the Racine County Agricultural Society plays an essential role in the local community by providing opportunities for skill development and community engagement through its annual fair.
Official website here: www.racinecountyfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 69%)
The Racine County Agricultural Society has received a rating of "Needs Improvement" with a score of 69%. This two-star rating indicates that while the organization has some strengths, there are significant areas needing attention. Notably, the organization has a fully independent board, which is a positive aspect for governance, and it maintains a high program expense ratio, suggesting that 100% of its expenses are directed towards its programs.
Despite these strengths, the organization faces serious shortcomings in its accountability and financial practices. It has not provided financial statements, which has resulted in a score of zero in that category. Additionally, essential policies like conflict of interest, whistleblower, and document retention and destruction are missing, raising concerns about transparency and governance.
Furthermore, while the organization has documented board meeting minutes and has no material diversion of assets, the absence of key policies may lead to potential mismanagement risks. Overall, while the Racine County Agricultural Society demonstrates effective program spending and independent governance, improvements in financial reporting and policy implementation are crucial for enhancing its accountability and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Racine County Agricultural Society legitimate?
Racine County Agricultural Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racine County Agricultural Society 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: $129,046
For more financial information, click here
Official website here: www.racinecountyfair.com
What is the mission statement of Racine County Agricultural Society?
The Racine County Agricultural Society's primary mission is to oversee and manage the annual Racine County Fair. This mission is executed by organizing and operating the five-day event, which attracts approximately 2,000 youth and adult participants. The fair serves as a platform for these individuals to showcase their skills and hobbies, presenting their projects in competitions with their peers. The event also draws a substantial general attendance of over 100,000 people annually. The fair's purpose is to provide a valuable learning experience for the youth, helping them develop their abilities and showcase their talents.
Official website here: www.racinecountyfair.com
Who is the CEO of Racine County Agricultural Society?
Jeff Busch is the President of Racine County Agricultural Society.
Official website here: www.racinecountyfair.com
What is the revenue of Racine County Agricultural Society?
Racine County Agricultural Society's revenue in 2023 was $1,398,790.
Official website here: www.racinecountyfair.com
Who are the executives of Racine County Agricultural Society and what are their salaries?
The average compensation at Racine County Agricultural Society during 2023 was $6,792. There are 19 employees at Racine County Agricultural Society.
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Official website here: www.racinecountyfair.com
Where can I find the form 990 for Racine County Agricultural Society?
Racine County Agricultural Society's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.racinecountyfair.com
Learn more at the official website: www.racinecountyfair.com
Mission Statement of Racine County Agricultural Society
The Racine County Agricultural Society is dedicated to organizing and managing the annual Racine County Fair. This mission encompasses providing a platform for approximately 2,000 young individuals and adults to showcase their skills and hobbies through the exhibition of various projects. The five-day event attracts an impressive attendance of over 100,000 people. By participating in this fair, youth can compete with their peers, fostering personal growth and development. The Racine County Agricultural Society plays a significant role in offering this unique opportunity, contributing to the community's cultural richness and fostering a sense of camaraderie among its participants.
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Impact
July, 2024
The Racine County Agricultural Society's impact is significant in promoting youth development through the organization and operation of the annual Racine County Fair. This five-day event attracts over 100,000 attendees and provides a platform for approximately 2,000 youth and adults to exhibit projects. The fair offers youth the opportunity to develop skills, pursue hobbies, and showcase their work in competition with their peers. Through this event, the Racine County Agricultural Society plays a vital role in fostering talent, creativity, and community engagement among the youth in the area.
This information is meant to be a general summary of Racine County Agricultural Society. 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: $24,528
- Program Service Revenue: $1,089,865
- Gross Receipts: $1,398,790
Assets and Liabilities:
- Total Assets: $3,206,168
- Total Liabilities: $15,608
- Net Assets: $3,190,560
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER FAIR INCOME
Revenue
$456,858
ADMISSIONS
Revenue
$410,162
ACTIVITY BUILDING
Revenue
$86,835
SPACE AND PRIVILEGES
Revenue
$86,057
GRANDSTAND
Revenue
$49,953
Organization Details
Founding Year
1981
Phone
(262) 539-3340Principal Officer
Jeff Busch
Main Address
PO BOX 104, UNION GROVE, WI, 531820104
Website
www.racinecountyfair.comNTEE Category
Code: O52 - Youth development
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