Overview
What is Freeborn County Agricultural Society?
Freeborn County Agricultural Society is a nonprofit organization situated in Albert Lea, Minnesota. With a workforce of 148 individuals, their primary mission is to advance agriculture, horticulture, and livestock by showcasing and comparing local accomplishments. They provide a platform for both farmers and non-farmers in the county, allowing residents to appreciate the agricultural products produced within their community. The society achieves this by organizing exhibits, shows, and competitions, thereby promoting and celebrating the rich agricultural heritage of Freeborn County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Freeborn County Agricultural Society received a Two-Star out of Four Star rating with an overall score of 67%. This rating indicates that while the organization shows strengths in areas like board independence and program expense ratio, there are significant shortcomings in transparency and financial accountability. The absence of financial statements and critical policies such as conflict of interest, whistleblower, and document retention significantly impacted their score.
Strengths of the organization include a fully independent board and a low liabilities to assets ratio, showcasing a stable financial position. Additionally, the program expense ratio is high, indicating that the majority of funds are directed towards programs rather than administrative costs. This suggests a commitment to fulfilling its mission effectively.
However, the lack of essential governance documents and online transparency raises concerns about the organization's operational integrity. The missing financial statements and tax forms on their website highlight a need for improved communication and accountability to stakeholders. Addressing these issues could enhance their rating and public trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Freeborn County Agricultural Society legitimate?
Freeborn County Agricultural Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeborn 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: $20,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,114
For more financial information, click here
What is the mission statement of Freeborn County Agricultural Society?
The Freeborn County Agricultural Society's mission is centered around promoting agriculture, horticulture, and livestock. They achieve this by organizing exhibits, shows, and competitions. This initiative serves as a platform for local farmers to showcase and compare their agricultural achievements. It also provides an opportunity for non-farming residents to gain a firsthand understanding of the agricultural products produced within their county.
Who is the CEO of Freeborn County Agricultural Society?
Paul Hansen is the President of Freeborn County Agricultural Society.
What is the revenue of Freeborn County Agricultural Society?
Freeborn County Agricultural Society's revenue in 2023 was $810,259.
Who are the executives of Freeborn County Agricultural Society and what are their salaries?
The average compensation at Freeborn County Agricultural Society during 2023 was $820. There are 148 employees at Freeborn County Agricultural Society.
Here are 7 key members and their salaries:
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $834
- Related: $0
- Other: $0
- Compensation: $166
- Related: $0
- Other: $0
Where can I find the form 990 for Freeborn County Agricultural Society?
Freeborn County Agricultural Society's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Freeborn County Agricultural Society
Freeborn County Agricultural Society, a nonprofit organization, is dedicated to promoting the growth and development of agriculture, horticulture, and livestock in a unique way. They achieve this by organizing exhibits, shows, and competitions. By providing this platform, the society allows county residents to showcase and compare their agricultural accomplishments. Furthermore, it serves as an opportunity for non-farm residents to gain insights into the agricultural products produced within their community. This initiative not only fosters a sense of pride among the farmers but also educates the general public about the agricultural sector, thereby bridging the gap between urban and rural communities.
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Impact
July, 2024
The Freeborn County Agricultural Society plays a crucial role in promoting agriculture, horticulture, and livestock through exhibits, shows, and competitions. By providing a venue for county residents to showcase and compare agricultural accomplishments, the society offers a valuable platform for individuals to highlight their agricultural expertise. Additionally, it serves as an educational opportunity for non-farm residents to witness the agricultural products produced within their county. This helps bridge the gap between producers and consumers, fostering a better understanding of the agricultural industry. The society's activities contribute to the preservation and advancement of agricultural practices while also promoting community engagement and pride in local agricultural achievements.
This information is meant to be a general summary of Freeborn 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: $137
- Program Service Revenue: $615,357
- Gross Receipts: $810,259
Assets and Liabilities:
- Total Assets: $122,327
- Total Liabilities: $31,952
- Net Assets: $90,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GATE RECEIPTS
Revenue
$338,007
CARNIVAL
Revenue
$54,500
SPONSORSHIPS
Revenue
$50,292
CONCESSIONS/VENDORS
Revenue
$48,217
BEER GARDEN
Revenue
$42,708
Organization Details
Founding Year
1909
Phone
(507) 373-6965Principal Officer
Paul Hansen
Main Address
PO BOX 128, ALBERT LEA, MN, 56007
NTEE Category
Code: K20 - Food
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