Overview
What is Madison County Agricultural Society?
Madison County Agricultural Society is a nonprofit organization situated in Nebraska, primarily focusing on educating the community. They achieve this goal through an annual county fair, thrilling rodeos, and engaging 4-H activities. These events not only provide entertainment but also offer beneficial opportunities for Madison County residents. The society's initiatives aim to foster a strong connection between the community and agricultural practices, promoting learning and growth for all.
Official website here: www.madisoncountyfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating. The Madison County Agricultural Society has achieved a solid rating, indicating a good level of accountability and financial health. The organization has a strong majority of independent board members and demonstrates comprehensive financial oversight, with no reported material diversion of assets.
Despite these strengths, there are notable areas for improvement. The charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could enhance its governance and transparency. Additionally, the absence of the tax form on the nonprofit's website may limit accessibility for stakeholders looking to assess its financial practices.
Overall, while the Madison County Agricultural Society demonstrates effective program expense management and strong financial ratios, addressing the identified governance gaps could further bolster its credibility and operational integrity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Agricultural Society legitimate?
Madison County Agricultural Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison 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: $14,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.madisoncountyfair.org
What is the mission statement of Madison County Agricultural Society?
The Madison County Agricultural Society, in its mission, focuses on educating the general public. They accomplish this objective annually by organizing a county fair, rodeos, and related 4-H activities, all aimed at benefiting the residents of Madison County, Nebraska. The society's initiatives serve to engage and educate the community, promoting a deeper understanding and appreciation of agriculture and rural life.
Official website here: www.madisoncountyfair.org
Who is the CEO of Madison County Agricultural Society?
Randy Ritterbush is the Chairman of Madison County Agricultural Society.
Official website here: www.madisoncountyfair.org
What is the revenue of Madison County Agricultural Society?
Madison County Agricultural Society's revenue in 2023 was $1,024,070.
Official website here: www.madisoncountyfair.org
Who are the executives of Madison County Agricultural Society and what are their salaries?
The average compensation at Madison County Agricultural Society during 2023 was $3,667. There are 4 employees and 50 volunteers at Madison County Agricultural Society.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $14,667
- Related: $0
- Other: $0
Official website here: www.madisoncountyfair.org
Where can I find the form 990 for Madison County Agricultural Society?
Madison County Agricultural Society's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.madisoncountyfair.org
Learn more at the official website: www.madisoncountyfair.org
Mission Statement of Madison County Agricultural Society
The Madison County Agricultural Society, a nonprofit organization, is dedicated to educating the general public. They accomplish this mission through an annual county fair, rodeos, and related 4-H activities. These events are designed to benefit the residents of Madison County, Nebraska. By organizing these activities, the society aims to foster a deeper understanding and appreciation of agriculture and rural life within the community. The annual county fair, in particular, showcases various agricultural exhibits, livestock shows, and competitions, providing an opportunity for both children and adults to learn about farming and rural culture. Additionally, the 4-H activities, which are also part of the society's offerings, offer a platform for young individuals to gain practical skills in agriculture, leadership, and community service. Overall, the Madison County Agricultural Society serves as a valuable resource for community education and engagement in agricultural matters.
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Impact
July, 2024
The Madison County Agricultural Society's impact is significant in educating the general public through its annual county fair, rodeos, and related 4-H activities. These events benefit Madison County, Nebraska residents by providing opportunities for learning, entertainment, and community engagement. The society's efforts contribute to the promotion of agriculture, livestock, and rural life in the region, fostering a sense of community pride and connection among residents. Their activities in recreation also play a part in the overall well-being and social fabric of the community.
This information is meant to be a general summary of Madison 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: $366
- Program Service Revenue: $1,010,618
- Gross Receipts: $1,024,070
Assets and Liabilities:
- Total Assets: $3,945,780
- Total Liabilities: $7,048
- Net Assets: $3,938,732
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
County Fair/Rodeos
Revenue
$1,010,618
Organization Details
Founding Year
1972
Phone
(402) 454-2144Principal Officer
Randy Ritterbush
Main Address
POBox 775, Madison, NE, 68748
Website
www.madisoncountyfair.orgNTEE Category
Code: N65Z - Recreation
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