Overview
What is Montgomery County Agricultural Center In?
Montgomery County Agricultural Center In, located at 16 Chestnut Street, Gaithersburg, MD 20877, is a nonprofit organization dedicated to the preservation and promotion of agricultural activities. They primarily serve this purpose by hosting the annual Montgomery County Fair and offering facilities for 4-H and FFA programs, along with other agricultural-related organizations. The Center's mission is to foster the continuance of agriculture within the community, providing a platform for various agricultural groups to thrive. The organization is staffed by 15 employees, ensuring its operations run smoothly.
Official website here: www.mcagfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Montgomery County Agricultural Center has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with an overall score of 64%. While the organization demonstrates strong governance with 100% independent board members and compliant policies in areas such as conflict of interest and whistleblower protections, it faces significant challenges in financial transparency and program expense allocation.
A critical area of concern is the lack of a financial statements review or compilation, resulting in a score of zero in that category. Additionally, the nonprofit's program expense ratio is relatively low at 56.15%, which may raise questions about the efficiency and effectiveness of its spending in relation to program services. It is also noteworthy that the organization does not have its tax form posted on its website, which is a missed opportunity for transparency.
Despite these limitations, the organization maintains a solid accountability structure with high scores in several governance practices. Addressing the identified financial transparency issues could enhance its reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Agricultural Center In legitimate?
Montgomery County Agricultural Center In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Agricultural Center In 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: $157,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $316,008
For more financial information, click here
Official website here: www.mcagfair.com
What is the mission statement of Montgomery County Agricultural Center In?
The Montgomery County Agricultural Center's mission is centered around promoting and preserving agricultural activities. It achieves this by offering facilities that cater to various agricultural programs, particularly for 4-H and FFA groups, as well as other related organizations. This center plays a significant role in fostering and sustaining agricultural activities, contributing to the continuance of this vital sector.
Official website here: www.mcagfair.com
Who is the CEO of Montgomery County Agricultural Center In?
John Lyons is the President of Montgomery County Agricultural Center In.
Official website here: www.mcagfair.com
What is the revenue of Montgomery County Agricultural Center In?
Montgomery County Agricultural Center In's revenue in 2022 was $3,815,929.
Official website here: www.mcagfair.com
Who are the executives of Montgomery County Agricultural Center In and what are their salaries?
The average compensation at Montgomery County Agricultural Center In during 2022 was $31,591. There are 15 employees and 969 volunteers at Montgomery County Agricultural Center In.
Here are 16 key members and their salaries:
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- Other: $4,754
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Official website here: www.mcagfair.com
Where can I find the form 990 for Montgomery County Agricultural Center In?
Montgomery County Agricultural Center In's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcagfair.com
Learn more at the official website: www.mcagfair.com
Mission Statement of Montgomery County Agricultural Center In
Montgomery County Agricultural Center, a notable nonprofit organization, is dedicated to advancing agricultural activities. Their primary mission is to maintain the perpetuity of agricultural pursuits by offering necessary facilities. To accomplish this, the center organizes the annual Montgomery County Fair and extends its support to various agricultural-related programs, such as those for 4-H and FFA, in addition to other organizations associated with agriculture. By doing so, Montgomery County Agricultural Center plays a significant role in fostering and preserving agricultural activities, contributing to the overall growth and sustainability of the agricultural sector.
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Impact
July, 2024
The Montgomery County Agricultural Center In's impact lies in promoting the continuance of agricultural activities through the provision of facilities for various agricultural programs and organizations. The Center organizes the annual Montgomery County Fair and supports 4-H and FFA programs, as well as other agriculture-related initiatives. By providing a platform for these activities, the Center plays a vital role in fostering agricultural education, community engagement, and the preservation of agricultural traditions.
This information is meant to be a general summary of Montgomery County Agricultural Center In. 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.
- Investment Income: -$65,621
- Program Service Revenue: $3,597,695
- Gross Receipts: $6,771,713
Assets and Liabilities:
- Total Assets: $13,107,948
- Total Liabilities: $263,736
- Net Assets: $12,844,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fair Revenue
Revenue
$2,199,146
Use of Facilities
Revenue
$1,398,549
Organization Details
Founding Year
1949
Phone
(301) 926-3100Principal Officer
John Lyons
Main Address
16 Chestnut Street, Gaithersburg, MD, 20877
Website
www.mcagfair.comNTEE Category
Code: K20Z - Food
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