Overview
What is Shelby County Agricultural & Mechanical Association Inc?
The Shelby County Agricultural & Mechanical Association Inc is a nonprofit organization dedicated to promoting agricultural education. They accomplish this goal by organizing numerous events throughout the year, including lumber jack competitions, livestock shows for beef and dairy cattle, as well as horse events, beauty pageants, and tractor pulls. The association's mission is to foster learning about agriculture and related fields, thereby contributing to the community in an educational capacity.
Official website here: www.shelbycofair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
The Shelby County Agricultural & Mechanical Association Inc has received a low rating of 58%, primarily due to shortcomings in accountability and finance practices. The rating indicates that while the organization demonstrates strong governance in some areas, such as having a majority independent board and no material diversion of assets, it also has significant weaknesses that raise concerns about its overall financial transparency.
The organization has a solid board structure with 96% independent members, which is a positive aspect. However, it lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining accountability and ethical standards. Furthermore, the absence of a document retention policy and failure to post tax forms on its website detracts from its financial accountability.
Financially, the organization reports a reasonable liabilities-to-assets ratio of 0.26%, indicating a stable financial position. However, its program expense ratio of 55.73% suggests that a significant portion of its funds may not be directed towards program-related activities. Overall, while there are strengths in governance, the lack of key policies and financial transparency are limitations that potential supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Shelby County Agricultural & Mechanical Association Inc legitimate?
Shelby County Agricultural & Mechanical Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shelby County Agricultural & Mechanical Association Inc 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: $5,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.shelbycofair.com
What is the mission statement of Shelby County Agricultural & Mechanical Association Inc?
The Shelby County Agricultural and Mechanical Association, through its mission, focuses on promoting agricultural education. It achieves this goal by organizing a range of annual events, including lumberjack competitions, livestock shows for beef and dairy, horse exhibitions, pageants, and tractor pulls. These activities serve to engage the community and foster a deeper understanding of agriculture.
Official website here: www.shelbycofair.com
Who is the CEO of Shelby County Agricultural & Mechanical Association Inc?
Tom Ingram is the President of Shelby County Agricultural & Mechanical Association Inc.
Official website here: www.shelbycofair.com
What is the revenue of Shelby County Agricultural & Mechanical Association Inc?
Shelby County Agricultural & Mechanical Association Inc's revenue in 2022 was $465,577.
Official website here: www.shelbycofair.com
Who are the executives of Shelby County Agricultural & Mechanical Association Inc and what are their salaries?
Here are 25 key members and their salaries:
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Official website here: www.shelbycofair.com
Where can I find the form 990 for Shelby County Agricultural & Mechanical Association Inc?
Shelby County Agricultural & Mechanical Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shelbycofair.com
Learn more at the official website: www.shelbycofair.com
Mission Statement of Shelby County Agricultural & Mechanical Association Inc
The Shelby County Agricultural & Mechanical Association, in its mission, focuses on promoting agricultural education. It achieves this by organizing a multitude of events yearly, including lumber jack competitions, livestock shows for beef and dairy, equestrian events, beauty pageants, and tractor pulls. These activities serve as platforms to educate and engage individuals in various aspects of agriculture. By sponsoring these events, the association aims to foster a deeper understanding and appreciation for agriculture in the community.
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Impact
July, 2024
The impact of the Shelby County Agricultural & Mechanical Association Inc is significant in promoting agricultural education in the community. Through activities such as lumber jack contests, livestock shows, pageants, and tractor pulls, the association actively engages and educates individuals about various aspects of agriculture. By providing these opportunities for learning and participation, the association helps to preserve and promote agricultural traditions while also contributing to the local economy. Their efforts play a crucial role in raising awareness about the importance of agriculture and food production, ensuring a sustainable future for the industry.
This information is meant to be a general summary of Shelby County Agricultural & Mechanical Association Inc. 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: $312
- Gross Receipts: $465,577
Assets and Liabilities:
- Total Assets: $1,221,982
- Total Liabilities: $3,200
- Net Assets: $1,218,782
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Organization Details
Founding Year
1860
Phone
(502) 647-0064Principal Officer
Tom Ingram
Main Address
PO BOX 725, SHELBYVILLE, KY, 40066
Website
www.shelbycofair.comNTEE Category
Code: K28Z - Food
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