Overview
What is Lake County Agricultural Society Inc Lake County Fair?
Lake County Agricultural Society Inc, operating under the name Lake County Fair, is a nonprofit organization based in Painesville, Ohio. Established with a mission to promote agriculture, horticulture, pomology, merchants, and arts, the society aims to benefit Lake County in general. Their primary activity involves the operation and management of the Lake County Fairgrounds, hosting events and initiatives that emphasize these areas. With a small team of three dedicated employees, the Lake County Agricultural Society Inc contributes to the local community by fostering an appreciation for agriculture and providing a platform for various activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating.
The Lake County Agricultural Society Inc. has received a Two-Star rating due to its overall score of 62%. This rating reflects concerns primarily around accountability and financial transparency, highlighted by the absence of independent board members and missing financial statements. Although the organization has a solid program expense ratio of 68.31%, indicating that a significant portion of its resources is directed towards its programs, the lack of financial disclosures raises concerns about its overall governance.
On a positive note, the organization has implemented key policies such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, all of which were rated favorably. Additionally, the group maintains meeting minutes, demonstrating some level of operational transparency. However, the absence of its tax form on the website and the lack of independent oversight may deter potential donors who prioritize accountability in nonprofit organizations.
In summary, while the Lake County Agricultural Society Inc. shows promise with its program expenditures and established policies, significant areas for improvement exist in governance and transparency, which could affect trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lake County Agricultural Society Inc Lake County Fair legitimate?
Lake County Agricultural Society Inc Lake County Fair is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake County Agricultural Society Inc Lake County Fair 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: $31,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,484
For more financial information, click here
What is the mission statement of Lake County Agricultural Society Inc Lake County Fair?
The Lake County Agricultural Society Inc, primarily known for organizing the Lake County Fair, has a mission to foster and promote agriculture, horticulture, pomology, merchants, and arts. This nonprofit organization aims to benefit the general public and operates and manages the Lake County Fairgrounds. Their activities revolve around the operation of the fairgrounds for the entire year.
What is the revenue of Lake County Agricultural Society Inc Lake County Fair?
Lake County Agricultural Society Inc Lake County Fair's revenue in 2024 was $1,594,589.
Who are the executives of Lake County Agricultural Society Inc Lake County Fair and what are their salaries?
The average compensation at Lake County Agricultural Society Inc Lake County Fair during 2024 was $57,458. There are 3 employees and 50 volunteers at Lake County Agricultural Society Inc Lake County Fair.
Here are 21 key members and their salaries:
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Other: $0
- Compensation: $120
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- Compensation: $120
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- Compensation: $36,925
- Related: $0
- Other: $0
- Compensation: $120
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lake County Agricultural Society Inc Lake County Fair?
Lake County Agricultural Society Inc Lake County Fair's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lake County Agricultural Society Inc Lake County Fair
Lake County Agricultural Society Inc, known as the Lake County Fair, is a nonprofit organization with a mission to promote agriculture, horticulture, pomology, merchants, and arts. This mission is carried out with the primary objective of benefiting the community at large in Lake County. The society's main activity is the management and operation of the Lake County Fairgrounds, where various events and activities related to their mission are held. The operations of the Lake County Agricultural Society Inc for the fairgrounds span throughout the year, contributing to the local community in an economic and cultural sense.
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Impact
July, 2024
The Lake County Agricultural Society Inc Lake County Fair's impact is primarily focused on promoting agriculture, horticulture, pomology, merchants, and the arts in Lake County, Ohio. The society organizes events and activities that benefit the general prosperity of Lake County, with a specific emphasis on showcasing the agricultural and artistic talents of the region. Additionally, through its operations and management of the Lake County Fairgrounds, the society provides a platform for residents to come together, celebrate their community, and support local businesses. The fair's focus on food also contributes to the local economy by highlighting the region's culinary offerings and attracting visitors to the area.
This information is meant to be a general summary of Lake County Agricultural Society Inc Lake County Fair. 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 2024.
- Investment Income: $19,566
- Program Service Revenue: $1,564,723
- Gross Receipts: $1,594,589
Assets and Liabilities:
- Total Assets: $467,986
- Total Liabilities: $0
- Net Assets: $467,986
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS FEES
Revenue
$516,713
RACEUTILENTRIESBARN
Revenue
$246,734
STATE COUNTY SUPPORT
Revenue
$749,845
SPONSORSHIP
Revenue
$51,431
Organization Details
Founding Year
1900
Principal Officer
Wade Crofoot
NTEE Category
Code: K20 - Food
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