Overview
What is Neshoba County Fair Associationinc?
The Neshoba County Fair Associationinc, situated in Philadelphia, Mississippi, is a distinguished nonprofit organization committed to promoting an agricultural county fair. Their primary objective is to host and facilitate this annual event, providing a platform for agricultural showcases and celebrations. By doing so, they contribute to the local community and foster a connection with the region's agricultural heritage. The association's mission is deeply rooted in celebrating and promoting the agricultural aspects of the county, thereby enriching the cultural landscape of Philadelphia, MS.
Official website here: www.neshobacountyfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Neshoba County Fair Association has received a low rating of 54%, which indicates significant areas for improvement in its accountability and financial management. With no independent board members and missing key policies such as conflict of interest and whistleblower protections, there are serious governance issues that could undermine donor confidence and organizational transparency.
Despite these weaknesses, the organization has demonstrated a strong commitment to program expenses, with a program expense ratio of 98.77%. This suggests that the majority of its expenditures are directed towards its mission-related activities, which is a positive aspect of its operations. Furthermore, the organization maintains a low liabilities to assets ratio at 8.32%, indicating a relatively healthy financial position on that front.
However, the lack of crucial financial oversight mechanisms and transparency practices raises concerns about the overall effectiveness and accountability of the Neshoba County Fair Association. Donors and stakeholders may want to consider these factors carefully before engaging with the organization, as the absence of independent governance can limit trust in its management.
This AI summary has been generated from information found on Charity Navigator.
Is Neshoba County Fair Associationinc legitimate?
Neshoba County Fair Associationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neshoba County Fair Associationinc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,221
For more financial information, click here
Official website here: www.neshobacountyfair.org
What is the mission statement of Neshoba County Fair Associationinc?
The Neshoba County Fair Association's mission is centered around the organization of an agricultural fair. In simpler terms, their primary objective is to facilitate an agricultural county fair. This event serves to promote agricultural activities and fosters a sense of community engagement and celebration. The association's mission does not explicitly state any other objectives or goals beyond this agricultural focus.
Official website here: www.neshobacountyfair.org
Who is the CEO of Neshoba County Fair Associationinc?
C Scott Bounds is the Director of Neshoba County Fair Associationinc.
Official website here: www.neshobacountyfair.org
What is the revenue of Neshoba County Fair Associationinc?
Neshoba County Fair Associationinc's revenue in 2022 was $1,686,579.
Official website here: www.neshobacountyfair.org
Who are the executives of Neshoba County Fair Associationinc and what are their salaries?
The average compensation at Neshoba County Fair Associationinc during 2022 was $931. There are 156 employees at Neshoba County Fair Associationinc.
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Official website here: www.neshobacountyfair.org
Where can I find the form 990 for Neshoba County Fair Associationinc?
Neshoba County Fair Associationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neshobacountyfair.org
Learn more at the official website: www.neshobacountyfair.org
Mission Statement of Neshoba County Fair Associationinc
The Neshoba County Fair Association, as a nonprofit organization, is dedicated to promoting agricultural activities through its mission of hosting an annual county fair. This mission serves to celebrate and educate the community about the importance of agriculture, fostering a connection between rural and urban populations. By organizing various events and exhibitions, the Association aims to showcase the achievements in the agricultural sector, encouraging appreciation and understanding of this vital industry.
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Impact
July, 2024
The Neshoba County Fair Association Inc's impact can be seen in its role as a community hub that celebrates agriculture, fosters local talent, and provides a platform for entertainment and recreation. Through its agricultural county fair, the association promotes the region's farming heritage, offers opportunities for individuals to showcase their skills and products, and brings people together for a shared experience of fun and enjoyment. Additionally, the fair supports the local economy by attracting visitors and showcasing the agricultural and cultural richness of the area, thus contributing to the overall well-being and vitality of the community.
This information is meant to be a general summary of Neshoba County Fair Associationinc. 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: $1,704
- Program Service Revenue: $1,684,785
- Gross Receipts: $1,686,579
Assets and Liabilities:
- Total Assets: $894,951
- Total Liabilities: $90,322
- Net Assets: $804,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$826,907
CABIN/TRAILER FEES
Revenue
$517,732
OTHER
Revenue
$195,592
CARNIVAL PROCEEDS
Revenue
$90,000
CONCESSION STANDS
Revenue
$54,554
Organization Details
Founding Year
1889
Phone
(601) 656-8480Principal Officer
C Scott Bounds
Main Address
16800 HWY 21 SOUTH, PHILADELPHIA, MS, 39350
Website
www.neshobacountyfair.orgNTEE Category
Code: N520 - Recreation
If you are a representative of Neshoba County Fair Associationinc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.