Lapeer County Agricultural Society
EIN: 381606385 · Imlay City, MI
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Net Assets | $2.7M |
Is Lapeer County Agricultural Society Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lapeer County Agricultural Society
Lapeer County Agricultural Society (EIN: 381606385) is a nonprofit organization based in Imlay City, MI. The organization reported total revenue of $1.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lapeer County Agricultural Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lapeer County Agricultural Society is a mid-size nonprofit that has been operating for 104 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$120K |
| Total Assets | $3.0M |
| Total Liabilities | $275K |
| Net Assets | $2.7M |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 33.9 months |
Financial Health Grade: A
In 2023, Lapeer County Agricultural Society reported a surplus of $120K with revenue exceeding expenses, holds 33.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Lapeer County Agricultural Society's revenue has grown at a compound annual growth rate (CAGR) of 21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.3% | -6.9% | +3.4% |
| 2022 | +13.9% | +25.4% | +19.6% |
| 2021 | +3493.2% | +636.9% | +2.1% |
| 2020 | -95.8% | -81.2% | +5.8% |
| 2019 | -1.0% | -4.0% | +9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1922 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lapeer County Agricultural Society has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lapeer County Agricultural Society with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $120K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.1%.
Frequently Asked Questions about Lapeer County Agricultural Society
Is Lapeer County Agricultural Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Lapeer County Agricultural Society (EIN: 381606385) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lapeer County Agricultural Society spend its money?
Detailed spending breakdown data is not yet available for Lapeer County Agricultural Society. Check back for updated IRS 990 analysis.
Are donations to Lapeer County Agricultural Society tax-deductible?
Lapeer County Agricultural Society is registered as a tax-exempt nonprofit (EIN: 381606385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lapeer County Agricultural Society located?
Lapeer County Agricultural Society is headquartered in Imlay City, Michigan and files with the IRS under EIN 381606385.
How many years of IRS 990 filings does Lapeer County Agricultural Society have?
Lapeer County Agricultural Society has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Lapeer County Agricultural Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Lapeer County Agricultural Society's revenue has grown by 724.2%, moving from $144K to $1.2M. Total assets increased by 115.4% over the same period, from $1.4M to $3.0M. Total functional expenses rose by 589.8%, from $154K to $1.1M. In its most recent filing year (2023), Lapeer County Agricultural Society reported a surplus of $120K, with revenue exceeding expenses. The organization holds $275K in liabilities against $3.0M in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $3.0M | $275K | — | View 990 |
| 2022 | $1.4M | $1.1M | $2.9M | $296K | — | View 990 |
| 2021 | $1.2M | $911K | $2.4M | $75K | — | — |
| 2020 | $34K | $124K | $2.4M | $341K | — | — |
| 2019 | $808K | $656K | $2.2M | $121K | — | View 990 |
| 2018 | $817K | $683K | $2.1M | $81K | — | View 990 |
| 2017 | $722K | $618K | $1.8M | $1K | — | View 990 |
| 2016 | $631K | $611K | $2.0M | $384K | — | View 990 |
| 2015 | $251K | $135K | $1.6M | $325 | — | View 990 |
| 2014 | $256K | $167K | $1.4M | $169 | — | View 990 |
| 2013 | $222K | $132K | $1.4M | $82K | — | View 990 |
| 2012 | $144K | $154K | $1.4M | $135K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $3.0M (revenue -15.3% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.1M, and assets of $2.9M (revenue +13.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $911K, and assets of $2.4M (revenue +3493.2% year-over-year).
- 2020: Revenue of $34K, expenses of $124K, and assets of $2.4M (revenue -95.8% year-over-year).
- 2019: Revenue of $808K, expenses of $656K, and assets of $2.2M (revenue -1.0% year-over-year).
- 2018: Revenue of $817K, expenses of $683K, and assets of $2.1M (revenue +13.2% year-over-year).
- 2017: Revenue of $722K, expenses of $618K, and assets of $1.8M (revenue +14.3% year-over-year).
- 2016: Revenue of $631K, expenses of $611K, and assets of $2.0M (revenue +151.9% year-over-year).
- 2015: Revenue of $251K, expenses of $135K, and assets of $1.6M (revenue -2.1% year-over-year).
- 2014: Revenue of $256K, expenses of $167K, and assets of $1.4M (revenue +15.2% year-over-year).
- 2013: Revenue of $222K, expenses of $132K, and assets of $1.4M (revenue +54.7% year-over-year).
- 2012: Revenue of $144K, expenses of $154K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lapeer County Agricultural Society:
Data Sources and Methodology
This transparency report for Lapeer County Agricultural Society is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.