Overview
What is Matagorda County Fair & Livestock Exposition Assn?
The Matagorda County Fair & Livestock Exposition Association is a nonprofit organization committed to promoting agriculture education. They offer scholarships to approximately 350 youths residing in Matagorda County, judging their achievements in various agriculture projects annually. By providing these scholarships, the association encourages and recognizes the hard work and dedication of local young individuals in the agricultural sector.
Official website here: www.matagordacountyfair.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67% overall score)
The Matagorda County Fair & Livestock Exposition Association has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in various accountability and financial aspects. The organization boasts a strong independent board, with 100% of its members being independent, contributing positively to governance. Additionally, its program expense ratio is commendable at 91.14%, indicating that a significant portion of funds is directed toward its programs and activities.
However, the organization faces notable deficiencies in financial transparency, as it received no points for the availability of financial statements. Furthermore, it lacks key policies such as conflict of interest, whistleblower, and document retention and destruction policies, which are critical for accountability. The absence of documented board meeting minutes further raises concerns regarding governance practices.
Despite these limitations, the organization has a solid liabilities to assets ratio of 3.94%, showing a manageable level of debt relative to assets. To improve its overall rating, the Matagorda County Fair & Livestock Exposition Association would benefit from enhancing its financial documentation and implementing essential governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Matagorda County Fair & Livestock Exposition Assn legitimate?
Matagorda County Fair & Livestock Exposition Assn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Matagorda County Fair & Livestock Exposition Assn 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: $59,117
For more financial information, click here
Official website here: www.matagordacountyfair.com
What is the mission statement of Matagorda County Fair & Livestock Exposition Assn?
The Matagorda County Fair and Livestock Exposition Association, as part of its mission, focuses on providing agriculture education. They achieve this by awarding scholarships to approximately 350 youths in Matagorda County, based on the merit of their agriculture projects for the year. This association is dedicated to fostering an understanding of agriculture among the youth, thereby encouraging future generations to engage with this field. By providing these scholarships, the association aims to support and empower young individuals with a passion for agriculture.
Official website here: www.matagordacountyfair.com
Who is the CEO of Matagorda County Fair & Livestock Exposition Assn?
Dustin O'Connell is the President of Matagorda County Fair & Livestock Exposition Assn.
Official website here: www.matagordacountyfair.com
What is the revenue of Matagorda County Fair & Livestock Exposition Assn?
Matagorda County Fair & Livestock Exposition Assn's revenue in 2022 was $1,192,189.
Official website here: www.matagordacountyfair.com
Who are the executives of Matagorda County Fair & Livestock Exposition Assn and what are their salaries?
The average compensation at Matagorda County Fair & Livestock Exposition Assn during 2022 was $29,558. There are 2 employees and 100 volunteers at Matagorda County Fair & Livestock Exposition Assn.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.matagordacountyfair.com
Where can I find the form 990 for Matagorda County Fair & Livestock Exposition Assn?
Matagorda County Fair & Livestock Exposition Assn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.matagordacountyfair.com
Learn more at the official website: www.matagordacountyfair.com
Mission Statement of Matagorda County Fair & Livestock Exposition Assn
The Matagorda County Fair & Livestock Exposition Association is an organization dedicated to promoting agriculture education. Its primary mission is to award scholarships to approximately 350 youths residing in Matagorda County, recognizing their exceptional work in agriculture-related projects throughout the year. By doing so, the association plays a significant role in fostering knowledge and interest in agricultural practices among the local youth.
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Impact
July, 2024
The Matagorda County Fair & Livestock Exposition Assn's impact is significant in promoting agriculture education and supporting the youth in Matagorda County. Through providing scholarships and educational opportunities, the association plays a vital role in shaping the future of agriculture in the community. By awarding scholarships to around 350 youths based on their agriculture projects, the association not only contributes to the development of the participants but also helps in sustaining the agricultural heritage of the region. Their dedication to agriculture education and youth empowerment is commendable, making a positive impact on the community.
This information is meant to be a general summary of Matagorda County Fair & Livestock Exposition Assn. 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: $3,235
- Program Service Revenue: $1,059,311
- Gross Receipts: $1,650,835
Assets and Liabilities:
- Total Assets: $1,053,464
- Total Liabilities: $41,607
- Net Assets: $1,011,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIVESTOCK AUCTION& ENTRY
Revenue
$1,042,396
MEMBERSHIP & ASSESSMENTS
Revenue
$16,915
Organization Details
Founding Year
1946
Phone
(979) 245-2454Principal Officer
Dustin O'Connell
Main Address
P O BOX 1803, BAY CITY, TX, 77404
Website
www.matagordacountyfair.comNTEE Category
Code: N520 - Recreation
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