PATRICK COUNTY AGRICULTURAL FAIR INCORPORATED

EIN: 273001069 501(c)(3) Recreation & Sports

STUART, VA

Total Revenue
$247,065
Total Expenses
$201,832
Total Assets
$751,340
Net Assets
$751,340
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
VA
Principal Officer
PAUL T SWAILS JR
Phone
2766944400
Tax Period
2023-07-01 to 2024-06-30

PATRICK COUNTY AGRICULTURAL FAIR INCORPORATED, founded in 1961, is a micro nonprofit in the Recreation & Sports sector that reported $55K in total revenue in fiscal year 2020. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $66K exceeded revenue, resulting in a 21% operating deficit.

Mission

ORGANIZE AND CONDUCT THE PATRICK COUNTY AGRICULTURAL FAIR IN ORDER TO SUPPORT THE CHARITABLE PROJECTS OF THE STUART ROTARY CLUB AND TO ASSIST PATRICK COUNTY BY DEVELOPING AND IMPROVING ROTARY FIELD, TO BE USED BY THE PUBLIC FOR RECREATION, MEETINGS, SCHOOL FUNCTIONS, EMERGENCY SERVICES, ETC.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,377
Program Service Revenue $212,597
Investment Income $3,958
Other Revenue $6,133
TOTAL REVENUE $247,065

Expense Breakdown

Grants Paid $19,910
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,665
Other Expenses $181,922
TOTAL EXPENSES $201,832

Year-over-Year Comparison

2023 2022 Change
Revenue $247,065 $226,789 +0.1%
Expenses $201,832 $175,696 +0.1%
Net Income $45,233 $51,093 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
80

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL T SWAILS JR CHAIRMAN 5.00
Officer Director
$0 $0 $0
JULIA HENNESSEY TREASURER 5.00
Officer Director
$0 $0 $0
ANNA LESTER SECRETARY 5.00
Officer Director
$0 $0 $0
RICHARD COLE DIRECTOR 2.00
Director
$0 $0 $0
JAMES HARROD DIRECTOR 2.00
Director
$0 $0 $0
STANLEY FAIN DIRECTOR 2.00
Director
$0 $0 $0
WAYNE KIRKPATRICK DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM CLARK DIRECTOR 2.00
Director
$0 $0 $0
KRISTIE BENTLEY DIRECTOR 2.00
Director
$0 $0 $0
BRENT CARDWELL DIRECTOR 2.00
Director
$0 $0 $0
PAULA DRADY DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $247,065 $201,832 $751,340 $45,233
2023 $226,789 $175,696 $703,470 $51,093
2022 $98,136 $100,532 $652,377 $-2,396
2021 $54,764 $66,379 $754,773 $-11,615
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