Overview
What is Fayette County Fair Association?
The Fayette County Fair Association is a nonprofit organization situated in La Grange, Texas. Its primary mission is to annually organize a fair, with the proceeds benefiting the community by funding college scholarships as selected by the Fair Committee. This organization actively contributes to fostering agriculture, education, and community involvement in Fayette County, promoting these values through various initiatives and scholarships.
Official website here: www.fayettecountyfair.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating. This rating indicates that while the Fayette County Fair Association demonstrates some strengths in governance, there are significant areas for improvement, particularly in financial transparency and policy implementation.
The organization boasts a fully independent board, which is a positive aspect of its governance structure, scoring full points in both the majority independent board members and independent board size categories. Additionally, they maintain a strong program expense ratio of 97.90%, suggesting that a large portion of their resources is directed towards their programs rather than overhead costs.
However, the Fayette County Fair Association faces considerable challenges, as evidenced by the absence of essential policies such as conflict of interest, whistleblower, and document retention policies. Furthermore, the lack of financial statements and the posting of their tax form on their website significantly detracts from their accountability score. These limitations may raise concerns among potential donors about the organization's financial health and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fayette County Fair Association legitimate?
Fayette County Fair Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette 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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Official website here: www.fayettecountyfair.org
What is the mission statement of Fayette County Fair Association?
The Fayette County Fair Association's mission is centered around supporting its community. They accomplish this by promoting agriculture, education, and community involvement. This is achieved through their financial contributions and the provision of college scholarships. The association annually operates a fair, and the earnings derived from this event are used to award scholarships, as decided by their fair committee.
Official website here: www.fayettecountyfair.org
What is the revenue of Fayette County Fair Association?
Fayette County Fair Association's revenue in 2023 was $1,193,433.
Official website here: www.fayettecountyfair.org
Who are the executives of Fayette County Fair Association and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.fayettecountyfair.org
Where can I find the form 990 for Fayette County Fair Association?
Fayette County Fair Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fayettecountyfair.org
Learn more at the official website: www.fayettecountyfair.org
Mission Statement of Fayette County Fair Association
The Fayette County Fair Association, as a nonprofit organization, is committed to supporting its community by actively promoting agriculture, education, and community involvement. They accomplish this mission through various contributions and the provision of college scholarships. This nonprofit's primary objective is to conduct an annual fair, and the earnings derived from this event are utilized to award scholarships, with the selection process overseen by the Fair Committee. By dedicating their resources towards these noble causes, the Fayette County Fair Association aims to positively impact and enrich the lives of its community members.
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Impact
July, 2024
The Fayette County Fair Association, based in La Grange, TX, has a significant impact on the community by promoting agriculture, education, and community involvement. Through their annual fair and various activities, the association contributes to the development and support of the local community in Fayette County. Additionally, the association provides scholarships for college-bound students, further enhancing educational opportunities for individuals in the area. Through their commitment to supporting agriculture, education, and community engagement, the Fayette County Fair Association plays a vital role in enhancing the overall well-being and prosperity of Fayette County.
This information is meant to be a general summary of Fayette 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 2023.
- Investment Income: $287
- Program Service Revenue: $841,619
- Gross Receipts: $1,203,106
Assets and Liabilities:
- Total Assets: $624,309
- Total Liabilities: $0
- Net Assets: $624,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FAYETTE COUNTY FAIR
Revenue
$841,619
Organization Details
Founding Year
1924
Principal Officer
Michael Zuhn
Website
www.fayettecountyfair.orgNTEE Category
Code: K20 - Food
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