Overview
What is Colorado County Fair Association Inc?
The Colorado County Fair Association Inc, located in Columbus, TX, is a nonprofit organization primarily focused on supporting the local youth. They carry out this mission through their annual fair, where dedicated volunteers contribute their time and resources. The association ensures that all expenses related to the fair are covered by its activities. Besides the annual event, the organization raises funds through various means, including rental income from the fairgrounds. These funds are then utilized to grant scholarships and donations to benefit the youth of the county. The Colorado County Fair Association's initiatives aim to empower and uplift young people in the community.
Official website here: www.coloradocountyfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Colorado County Fair Association Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding accountability and financial practices. With a score of 54%, the organization shows a lack of independent board members, which raises questions about governance and oversight. Additionally, the absence of key financial documents and policies, such as a conflict of interest policy and a whistleblower policy, further highlights potential risks.
Despite these issues, the organization demonstrates a strong commitment to its programs, boasting an impressive program expense ratio of 99.88%. This suggests that nearly all of its resources are directed toward fulfilling its mission rather than administrative costs. However, the lack of financial transparency, evidenced by missing financial statements and tax forms on its website, limits the ability of stakeholders to fully assess the organization’s financial health and operational integrity.
Overall, while the Colorado County Fair Association Inc excels in program spending, the substantial shortcomings in governance and financial accountability could deter potential donors and supporters. It is crucial for the organization to address these limitations to enhance its credibility and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado County Fair Association Inc legitimate?
Colorado County Fair Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado County Fair 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:
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For more financial information, click here
Official website here: www.coloradocountyfair.org
What is the mission statement of Colorado County Fair Association Inc?
The Colorado County Fair Association Inc is dedicated to supporting the youth of its community. They achieve this mission by organizing an annual fair and maintaining the associated buildings and grounds. Volunteers from the organization contribute their time, and the expenses are directly linked to the fair. The fair also serves as a source of funds, which the association utilizes to provide scholarships to local youth. Furthermore, the association generates rental income from the fairgrounds, which is then channeled towards offering additional scholarships to benefit young individuals in the area.
Official website here: www.coloradocountyfair.org
Who is the CEO of Colorado County Fair Association Inc?
Racheal Schneider is the Director of Colorado County Fair Association Inc.
Official website here: www.coloradocountyfair.org
What is the revenue of Colorado County Fair Association Inc?
Colorado County Fair Association Inc's revenue in 2022 was $986,915.
Official website here: www.coloradocountyfair.org
Who are the executives of Colorado County Fair Association Inc and what are their salaries?
There 300 volunteers at Colorado County Fair Association Inc.
Here are 21 key members and their salaries:
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Official website here: www.coloradocountyfair.org
Where can I find the form 990 for Colorado County Fair Association Inc?
Colorado County Fair Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coloradocountyfair.org
Learn more at the official website: www.coloradocountyfair.org
Mission Statement of Colorado County Fair Association Inc
The Colorado County Fair Association, a nonprofit organization, is dedicated to supporting the youth of its community. Its primary mission is achieved through the annual fair it hosts, providing a platform for youth involvement and engagement. Beyond the fair, the Association also maintains the fairgrounds and buildings, ensuring they remain in good condition. The organization relies on the volunteer efforts of its members to cover all expenses associated with the fair.
In addition to the annual fair, the Colorado County Fair Association also extends its support to the youth through financial aid. It raises funds during the fair and distributes them as scholarships to deserving young individuals. Moreover, the Association generates income by renting out its fairgrounds, which is then utilized to offer even more scholarships, thus benefiting the youth in Columbus, TX. In summary, the Colorado County Fair Association is committed to fostering the growth and development of the youth in its community, through various means, including the annual fair, maintenance of facilities, and financial support in the form of scholarships.
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Impact
July, 2024
The Colorado County Fair Association Inc has a significant impact on the youth of Colorado County, particularly in Columbus, TX. By supporting the annual fair and maintaining the buildings and grounds, this organization provides valuable opportunities for young people in the community. Through donations, scholarships, and rental income from the fairgrounds, the Colorado County Fair Association is able to support the development and education of local youth. This helps to create a positive impact on the lives of young people in the area, contributing to their growth and success.
This information is meant to be a general summary of Colorado County Fair 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: $352
- Program Service Revenue: $782,376
- Gross Receipts: $1,070,796
Assets and Liabilities:
- Total Assets: $267,031
- Total Liabilities: $0
- Net Assets: $267,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAIR
Revenue
$770,651
RENTAL - FAIRGROUNDS
Revenue
$11,725
Organization Details
Founding Year
1978
Phone
(979) 732-7571Principal Officer
Racheal Schneider
Main Address
PO BOX 506, COLUMBUS, TX, 78934
Website
www.coloradocountyfair.orgNTEE Category
Code: N520 - Recreation
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