Overview
What is Martin County Fair?
Martin County Fair is a nonprofit organization situated in Fairmont, Minnesota. Its primary mission is to sponsor an annual county fair and serve as a venue for agricultural exhibitors, notably 4-H members. The fair grounds and buildings remain active through the operation of a storage rental, generating income that is utilized to improve these facilities. This continuous improvement ensures that the fair continues to be an engaging attraction for Martin County residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two Stars (67%)
The Martin County Fair has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a fully independent board and an excellent program expense ratio, significant gaps exist in its financial transparency, such as missing financial statements and a lack of key policy documentation.
Strengths of the Martin County Fair include complete independence among board members and a solid performance on the liabilities to assets ratio, suggesting good financial health. However, the absence of essential policies like a conflict of interest policy and whistleblower protection raises concerns about governance and operational integrity.
Overall, while the Martin County Fair demonstrates strengths in some governance aspects, the deficiencies in financial transparency and documentation hinder its accountability. The organization is encouraged to address these issues to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Martin County Fair legitimate?
Martin County Fair is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin County Fair 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: $13,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,159
For more financial information, click here
What is the mission statement of Martin County Fair?
The Martin County Fair, as an organization, is committed to sponsoring an annual county fair and providing a venue for 4-H and other agricultural exhibitors. This mission is carried out by offering storage rental opportunities, ensuring continuous activity at the fairgrounds. The income generated from these rentals is utilized to enhance the fairgrounds and buildings, aiming to maintain the fair as an appealing attraction for the community.
Who is the CEO of Martin County Fair?
Robbin Celander is the Secretary of Martin County Fair.
What is the revenue of Martin County Fair?
Martin County Fair's revenue in 2023 was $540,736.
Who are the executives of Martin County Fair and what are their salaries?
The average compensation at Martin County Fair during 2023 was $1,126. There are 38 employees at Martin County Fair.
Here are 15 key members and their salaries:
- Compensation: $940
- Related: $0
- Other: $0
- Compensation: $960
- Related: $0
- Other: $0
- Compensation: $940
- Related: $0
- Other: $0
- Compensation: $960
- Related: $0
- Other: $0
- Compensation: $940
- Related: $0
- Other: $0
- Compensation: $840
- Related: $0
- Other: $0
- Compensation: $880
- Related: $0
- Other: $0
- Compensation: $920
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $900
- Related: $0
- Other: $0
- Compensation: $960
- Related: $0
- Other: $0
- Compensation: $940
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $940
- Related: $0
- Other: $0
Where can I find the form 990 for Martin County Fair?
Martin County Fair's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Martin County Fair
The Martin County Fair, as a nonprofit organization, is dedicated to sponsoring an annual county fair and providing a venue for 4-H and agricultural exhibitors. By doing so, the fair serves as a platform for showcasing agricultural achievements and promoting education in this field. In addition to hosting the annual event, the Martin County Fair also operates storage rentals to ensure continued activity at the fairgrounds. This operation allows the buildings to remain in use, contributing to the overall appeal of the fair as a popular attraction in the community. The revenue generated from the storage rentals is utilized to improve the fairgrounds and buildings, ensuring they remain in top condition for future events.
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Impact
July, 2024
The Martin County Fair plays a significant role in the community by sponsoring an annual county fair and providing a venue for 4-H and other agricultural exhibitors. Additionally, the fair operations include the rental of storage space, ensuring continual activity at the fairgrounds and the utilization of buildings. The income generated from these activities is reinvested to improve the fairgrounds and buildings, thereby maintaining the fair as a prominent attraction in Martin County. This not only fosters a sense of community pride but also contributes to the local economy by attracting visitors and supporting agricultural initiatives.
This information is meant to be a general summary of Martin County Fair. 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: $19,241
- Program Service Revenue: $226,412
- Gross Receipts: $650,195
Assets and Liabilities:
- Total Assets: $1,465,495
- Total Liabilities: $57,415
- Net Assets: $1,408,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAIR OPERATION
Revenue
$226,412
Organization Details
Founding Year
2000
Phone
(507) 235-9576Principal Officer
Robbin Celander
Main Address
PO BOX 270, FAIRMONT, MN, 56031
NTEE Category
Code: N52 - Recreation
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