Overview
What is Adams County Fair And Racing Assn?
Adams County Fair And Racing Assn is a nonprofit organization that is primarily focused on maintaining and enhancing the Adams County Fairgrounds and the Adams County Speedway. By doing so, they contribute to the local community by generating revenues that are either reinvested into the facilities or used as donations and scholarships for the local residents. The association plays a significant role in improving the local infrastructure and supporting the community through its various initiatives.
Is Adams County Fair And Racing Assn legitimate?
Adams County Fair And Racing Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adams County Fair And Racing Assn 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.
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What is the mission statement of Adams County Fair And Racing Assn?
The Adams County Fair and Racing Association is tasked with maintaining and improving the facilities of the Adams County Fairgrounds and the Adams County Speedway. The association utilizes all net revenues generated from these activities for the betterment of the facilities or as donations and scholarships within the local community. In essence, the association is committed to enhancing its facilities while contributing positively to the community through financial assistance and educational opportunities.
Who is the CEO of Adams County Fair And Racing Assn?
Cliff Baldwin is the President of Adams County Fair And Racing Assn.
What is the revenue of Adams County Fair And Racing Assn?
Adams County Fair And Racing Assn's revenue in 2022 was $441,484.
Who are the executives of Adams County Fair And Racing Assn and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Adams County Fair And Racing Assn?
Adams County Fair And Racing Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Adams County Fair And Racing Assn
The Adams County Fair and Racing Association is committed to maintaining and improving the condition of the Adams County Fairgrounds and the Adams County Speedway. This nonprofit organization utilizes all net revenues generated from its activities for the betterment of the facilities or as donations and scholarships within the local community. The association's mission is multifaceted, focusing on the upkeep of its facilities and contributing positively to the community through charitable endeavors.
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Impact
October, 2024
Adams County Fair And Racing Association plays a significant role in enhancing community engagement and fostering local development through its stewardship of the fairgrounds and speedway in Corning, Iowa. By focusing on the maintenance and improvement of these facilities, the association creates a space for cultural events, sporting activities, and community gatherings, which strengthens social bonds among residents.
The impact is further magnified by the allocation of all net revenues generated. These funds are reinvested into the fairgrounds or directed towards local donations and scholarships. This financial commitment not only enhances the facilities but also supports educational opportunities and community initiatives, leading to a more vibrant and connected community.
Overall, the association’s activities contribute to the economic, cultural, and social vitality of Adams County, supporting both the present needs and future aspirations of its residents.
This information is meant to be a general summary of Adams County Fair And Racing Assn. 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.
- Program Service Revenue: $344,223
- Gross Receipts: $555,936
Assets and Liabilities:
- Total Assets: $73,363
- Total Liabilities: $0
- Net Assets: $73,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACING
Revenue
$344,223
Organization Details
Founding Year
1925
Principal Officer
Cliff Baldwin
Main Address
PO BOX 1, CORNING, IA, 50841
NTEE Category
Code: A23Z - Arts
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