Overview
What is Madison County Fair Association?
The Madison County Fair Association is a nonprofit organization that encourages and supports educational growth in local schools by guiding students in the cultivation and creation of livestock, food, clothing, art, and scientific projects. These projects are then exhibited and sold during the annual fair, providing hands-on learning experiences that serve as a strong foundation for their future and the community as a whole. The association's mission empowers students to develop essential skills through these endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
The Madison County Fair Association has received a Two-Star rating due to its overall score of 67%. While the organization demonstrates strong performance in several areas, such as having a 100% independent board of directors and a program expense ratio of 92.47%, it falls short in some key accountability and transparency measures. Notably, the absence of a conflict of interest policy, whistleblower policy, and missing financial statements contribute to its lower rating.
Strengths include a solid liability to assets ratio of 19.68%, indicating financial stability, and the absence of material diversion of assets. Additionally, the organization maintains comprehensive board meeting minutes, which suggests a commitment to governance. However, the organization needs to improve its financial transparency and governance policies, as evidenced by missing crucial documentation on its website.
Overall, while the Madison County Fair Association is performing well in program expenses and governance structure, addressing the missing policies and financial documentation would enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Madison County Fair Association legitimate?
Madison County Fair Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison County Fair Association 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.
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What is the mission statement of Madison County Fair Association?
The Madison County Fair Association's mission is centered around educating students from local schools in various disciplines. They teach students the skills of raising livestock, creating food, clothing, art, and science projects. These projects are then showcased and sold at the fair, providing real-world experience. This educational process aims to build a strong foundation for the students' future and contribute positively to the community. The fair serves as a platform for students to apply their skills and gain practical experience.
Who is the CEO of Madison County Fair Association?
Bob Choiniere is the Vice President of Madison County Fair Association.
What is the revenue of Madison County Fair Association?
Madison County Fair Association's revenue in 2022 was $1,059,903.
Who are the executives of Madison County Fair Association and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Madison County Fair Association?
Madison County Fair Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madison County Fair Association
The Madison County Fair Association, in its mission, encourages students from local schools to engage in various hands-on activities. This includes raising livestock, creating and exhibiting projects in areas such as food, clothing, art, and science. These projects are then showcased and sold during the annual fair. Through these experiences, students develop essential skills that serve as a strong foundation for their future and contribute positively to the community. The association's activities aim to provide an immersive learning experience, fostering growth and development in the younger generation.
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Impact
July, 2024
The Madison County Fair Association's impact is significant in providing students in Madison County with hands-on instruction in raising and showing livestock, food, clothing, art, and science projects. Through their participation in the fair, students not only showcase their projects but also gain valuable skills that will benefit them in the future. This experience serves as a foundation for both individual growth and the betterment of the community as a whole.
This information is meant to be a general summary of Madison County Fair Association. 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: $115
- Program Service Revenue: $969,492
- Gross Receipts: $1,099,239
Assets and Liabilities:
- Total Assets: $646,289
- Total Liabilities: $140,122
- Net Assets: $506,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNTY FAIR AUCTION PR
Revenue
$969,492
Organization Details
Founding Year
1981
Phone
(254) 247-7803Principal Officer
Bob Choiniere
Main Address
PO BOX 1151, MADISONVILLE, TX, 77864
NTEE Category
Code: N520 - Recreation
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