Overview
What is Limestone County Fair Association?
The Limestone County Fair Association, based in Groesbeck, Texas, is a dedicated nonprofit organization. Their primary mission is to foster agriculture and offer educational opportunities for the youth of Limestone County, Texas. They accomplish this by providing scholarships and promoting agricultural showmanship. Their work is essential in nurturing the talent and knowledge of the younger generation in agricultural fields, thereby contributing positively to their community's future.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Limestone County Fair Association has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The overall score is solely based on the Accountability & Finance category, which reflects a lack of independent oversight and missing key financial documentation, such as financial statements and tax forms on its website.
One of the notable strengths of the organization is its high program expense ratio, reported at 95.61%, suggesting that a large portion of its expenditures is directed towards programs rather than administrative costs. However, the absence of independent board members and missing policies related to conflicts of interest and whistleblower protections raise questions about governance practices and overall organizational integrity.
Overall, while the Limestone County Fair Association demonstrates a commitment to programmatic spending, its low accountability score and missing essential documents indicate areas for improvement. Enhancing transparency and governance practices could help the organization strengthen its credibility and trustworthiness within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Limestone County Fair Association legitimate?
Limestone County Fair Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Limestone 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 Limestone County Fair Association?
The Limestone County Fair Association's mission is centered around promoting agriculture and supporting the youth of the community. Specifically, they aim to provide scholarships for local young individuals in Texas. Their activities extend beyond scholarships, as they also advocate for agriculture showmanship. In essence, the association seeks to foster an interest in agriculture among the youth while providing them with financial aid for their education.
Who is the CEO of Limestone County Fair Association?
Ty Decordova is the President of Limestone County Fair Association.
What is the revenue of Limestone County Fair Association?
Limestone County Fair Association's revenue in 2022 was $619,780.
Who are the executives of Limestone 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 Limestone County Fair Association?
Limestone County Fair Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Limestone County Fair Association
The Limestone County Fair Association, a notable organization, is dedicated to two primary objectives. Firstly, it seeks to promote agriculture within the community. By doing so, it fosters an appreciation and understanding of this vital sector. Secondly, the association offers scholarships to the youth of Limestone County, Texas. This financial aid not only supports the educational pursuits of young individuals but also encourages their involvement in agriculture, potentially paving the way for future leaders in this field. Through its scholarship program and agriculture promotion efforts, the Limestone County Fair Association empowers the youth, contributing to their personal growth and the broader community.
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Impact
July, 2024
The Limestone County Fair Association plays a vital role in promoting agriculture and providing scholarships for the youth of Limestone County, Texas. Through its activities and events, the association helps to educate and support the next generation of farmers and agricultural leaders. This impact extends beyond the fairgrounds, contributing to the development and success of young individuals pursuing careers in agriculture. The scholarships provided by the association create opportunities for local youth to further their education and make a positive impact in their communities.
This information is meant to be a general summary of Limestone 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.
- Program Service Revenue: $552,822
- Gross Receipts: $621,030
Assets and Liabilities:
- Total Assets: $57,900
- Total Liabilities: $0
- Net Assets: $57,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COUNTY FAIR
Revenue
$552,822
Organization Details
Phone
(254) 729-3712Principal Officer
Ty Decordova
Main Address
PO BOX 965, GROESBECK, TX, 76642
NTEE Category
Code: W99 - Public benefit
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